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Tue, 03 Nov 1998
A welcome move
A welcome move Much to the amazement of many, a most sensible proposal has just been issued from one of the most unlikely and unexpected quarters. Din Sjamsuddin, deputy leader of the Golkar faction in the People's Consultative Assembly (MPR), the nation's highest legislative assembly, told...
Tue, 03 Nov 1998
Agreement between debtors and creditors still far off
Agreement between debtors and creditors still far offBy Reiner S. JAKARTA (JP): Some thorny issues are still seen as obstacles to further negotiations between local debtors and foreign creditors attempting to arrive at out-of-court debt settlements, according to participants in a debt conference on...
Tue, 03 Nov 1998
State Bank Exim takes multi-finance firm to court
State Bank Exim takes multi-finance firm to court JAKARTA (JP): The state Bank Ekspor Impor Indonesia (Bank Exim) filed a bankruptcy petition against multi-finance firm PT Pacific International Finance with the commercial court on Monday.
Tue, 03 Nov 1998
Lippo Bank to close nine overseas offices
Lippo Bank to close nine overseas offices JAKARTA (JP): Lippo Bank will close nine of its 13 foreign offices in a cost-cutting exercise as it seeks to improve its local operation.James T. Riady, deputy chairman of the Lippo Group, said on Monday that the offices which would be closed included the...
Tue, 03 Nov 1998
Tycoon's trip to N. Korea may help relations
Tycoon's trip to N. Korea may help relationsBy Bill Tarrant SEOUL (Reuters): The octogenarian founder of South Korea's largest conglomerate returned from a historic trip to the enemy North at the weekend with a fistful of business deals that could help mend ties on the Cold War's last frontier.
Tue, 03 Nov 1998
Govt expects banks to repay liquidity debts in cash
Govt expects banks to repay liquidity debts in cash JAKARTA (JP): The government expects owners of failed and troubled banks to repay in cash at least 30 percent of their liquidity debts to the government within one year.
Tue, 03 Nov 1998
Elevated toll roads for traffic snarls
Elevated toll roads for traffic snarls Despite the dire crisis by which Indonesia is sadly still gripped, people still seem to use their cars, to judge by the ever-present traffic jams. This caused me to think again about a possible solution that would at least reduce the present load on...
Tue, 03 Nov 1998
Asian stock markets end firmer
Asian stock markets end firmer TOKYO (AFP): Asian stock markets ended higher on Monday on follow-through buying spurred by G-7 resolve to prevent a global economic slide and Wall Street's rebound on better-than-expected U.S. economic growth data.Tokyo gained 2.
Tue, 03 Nov 1998
FIFA inspects W. Cup readiness
FIFA inspects W. Cup readiness SEOUL (AP): A five-member delegation from FIFA, soccer's world governing body, arrived in Seoul Monday to inspect preparations for the 2002 World Cup to be co-hosted with Japan.
Tue, 03 Nov 1998
Diners flee as restaurant goes up in flames
Diners flee as restaurant goes up in flames JAKARTA (JP): A fire broke out in the two-story Ikan Tude restaurant on Jl. Blora in Central Jakarta during the lunchtime rush hour on Monday, forcing customers eating in the building to flee in panic.
Tue, 03 Nov 1998
Golkar finally apologizes for past mistakes
Golkar finally apologizes for past mistakes JAKARTA (JP): Golkar finally responded to growing public contempt and has apologized to the nation for past political mistakes that it committed during Soeharto's New Order regime.
Tue, 03 Nov 1998
BII sets off computer-bug
BII sets off computer-bug JAKARTA (JP): Bank International Indonesia (BII) has announced it will temporarily turn off its computer system this weekend, starting on Nov. 6 at 10 p.m. in a bid to prepare itself for the millennium bug.
Tue, 03 Nov 1998
To Gen. Wiranto
To Gen. WirantoFrom GatraI am deeply concerned about the various riots in the provinces and big cities in Indonesia. The shooting of Trisakti University students; the May 13 to May 15 riots in Jakarta; the torching of houses and shops; the looting of ethnic-Chinese property in Medan, Pontianak,...
Tue, 03 Nov 1998
Rates for tax payment
Rates for tax payment Conversion rates for tax payments, valid from Nov. 2 to Nov. 8: U.S. dollar 1 Rp 7,350.00Austrian schilling 1 631.99Australian dollar 1 4,526.13Belgian franc 1 215.47Canadian dollar 1 4,741.94Swiss franc 1 5,396.87Deutschemark 1 4,415.21Danish krone 1 1,168.
Tue, 03 Nov 1998
Seoul hails Hyundai's relations with North
Seoul hails Hyundai's relations with North SEOUL (AFP): South Korean President Kim Dae-Jung hailed on Monday the planned launch of the first ever tourism link with North Korea, but urged caution in hoping for an early thaw in ties with the Stalinist North.
Tue, 03 Nov 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 2, 1998: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 275 0 0 AHAP Insurance 400 0 0 Alter Abadi 250 0 0 Alumindo Light Metal 225 -25 5,000 Alumindo Perkasa 125 0...
Tue, 03 Nov 1998
Charity concert for orphans held
Charity concert for orphans held JAKARTA (JP): Supported by vocalist-cafe owner Nia Zulkarnaen, local band Flashback held a charity concert on Sunday at street cafes in the Plaza Senayan complex on Jl. Asia Afrika, Central Jakarta, to raise funds to help orphans.
Tue, 03 Nov 1998
Protests against ABRI's dual function
Protests against ABRI's dual function PADANG, West Sumatra (JP): About 500 students from nine universities staged a peaceful protest against the Armed Forces (ABRI) sociopolitical role at the local legislature here on Monday.
Tue, 03 Nov 1998
Government to retender 320-km pipeline project
Government to retender 320-km pipeline project DENPASAR, Bali (JP): The government has annulled the contract awarded to PT Trihasra Binanusa Tunggal, a company owned by former president Soeharto's children, for construction of a 320- kilometer fuel pipeline in Java.
Tue, 03 Nov 1998
Council defends meeting in Puncak
Council defends meeting in Puncak JAKARTA (JP): City Council speaker Edy Waluyo denied on Monday reports that city councilors spent a great deal of money to fund their meeting about the city's budget in the Puncak resort area in Bogor recently.Edy said the two-day meeting which was opened on Oct.
Tue, 03 Nov 1998
Taiwan firm eyes SE Asia
Taiwan firm eyes SE Asia TAIPEI (Dow Jones): The Southeast Asia Investment Holding Corp., a venture capital company led by China Development Corp., began operations Nov. 1 and is actively looking for investment opportunities in the region, an official of the holding company said Monday.
Tue, 03 Nov 1998
Jakartans told to be alert as MPR meeting nears
Jakartans told to be alert as MPR meeting nears JAKARTA (JP): Governor Sutiyoso urged Jakartans to remain on the alert in line with escalating death threats and widespread rumors of renewed rioting ahead of next week's special session of the People's Consultative Assembly (MPR).
Tue, 03 Nov 1998
Conference on debt begins
Conference on debt begins JAKARTA (JP): Approximately 1,200 participants representing mostly local debtors and foreign creditors attended the Jakarta Initiative conference, which opened on Monday to restart stalled negotiations on massive corporate debts.
Tue, 03 Nov 1998
Gen. Subagyo claims ABRI ventures benefit soldiers
Gen. Subagyo claims ABRI ventures benefit soldiers BANDUNG (JP): Army Chief of Staff Gen. Subagyo Hadisiswoyo vigorously defended on Monday the Armed Forces' business ventures, contending that all profits went to improve military personnel's welfare.
Tue, 03 Nov 1998
Prepaid SIM cards increase in fame
Prepaid SIM cards increase in fame JAKARTA (JP): Cellular phone users watching their pocketbooks are increasingly preferring the prepaid subscriber identity module (SIM) card over the monthly billing system, an industry executive said on Monday.
Tue, 03 Nov 1998
Conversion Rates
Conversion Rates Bank Bali's conversion rates on Nov. 2, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,550.00 8,650.00 7,550.00 7,750.00Austrian schilling 1 605.20 678.20 - -Australian dollar 1 4,592.60 4,852.60 4,535.00 4,884.00Belgian franc 1 203.95 228.
Tue, 03 Nov 1998
Nokia launches new cell phone
Nokia launches new cell phone JAKARTA (JP): Finland-based mobile phone producer Nokia launched here on Monday a new pocket size cellular phone, named the Nokia 8810.Nokia Mobile Phones Indonesia's general manager Alexander Lambeek said that aside from using the phone to make calls, the Nokia 8810...
Tue, 03 Nov 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 Documentary: Tanah Airku 3:30 Village Program 4:00 Regional News 4:30 Music: Lagu Pop Daerah 5:00 English Lessons 5:30 Documentary Program 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15 Sports:...
Tue, 03 Nov 1998
'Reuters' evacuates staff from Petronas
'Reuters' evacuates staff from Petronas KUALA LUMPUR (Reuters): Staff evacuated the Reuters office in the world's tallest building in Malaysia's capital on Monday after fire broke out near a service elevator.Nine staff members left the 32nd floor of the 88-storey Petronas Tower Two at 8:30 p.m.
Tue, 03 Nov 1998
Where to go in Bandung:
Where to go in Bandung:Exhibitions * Fine Arts Exhibition: Diantara Dinding dan Pintu, by Jajang Supriyadi, at Galeri Barak, Jl. Dr. Setiabudhi 238 Trapus, daily (except Friday), 10 a.m. to 6 p.m., until Nov. 7.
Tue, 03 Nov 1998
Anwar suffers setbacks on the first day of his trial
Anwar suffers setbacks on the first day of his trial KUALA LUMPUR (Reuters): Sacked finance minister Anwar Ibrahim on Monday suffered a string of setbacks on the first day of the sex and corruption trial that has exposed deep political divisions in Malaysia.
Tue, 03 Nov 1998
Inflation fell 0.27 percent in October
Inflation fell 0.27 percent in October JAKARTA (JP): The monthly inflation rate dropped 0.27 percent in October this year, the first deflation recorded since the financial turmoil hit the country early last year, the Central Bureau of Statistics (BPS) reported on Monday.
Tue, 03 Nov 1998
Moslems must shed tag of blame
Moslems must shed tag of blame JAKARTA (JP): The Indonesian Council of Ulemas will begin the much-publicized "largest" gathering of Moslem leaders on Tuesday morning as they aim to hammer home the message that Moslems should no longer be blamed for just about all conflicts in society.
Tue, 03 Nov 1998
Health experts for Asian Games
Health experts for Asian Games BANGKOK (AFP): More than 2,500 doctors, nurses and health experts will be on standby during the 13th Asian Games here next month, organizers said.A medical center had been set up to treat athletes' injuries while serious cases would be dealt with at Bangkok's Siriraj...
Tue, 03 Nov 1998
Pertamina maintains cash-and-carry deals
Pertamina maintains cash-and-carry deals DENPASAR, Bali (JP): State oil and gas company Pertamina still applies a cash-and-carry scheme for the sales of aviation fuel to national flag carrier Garuda Indonesia and state airline Merpati Nusantara.
Tue, 03 Nov 1998
On the nation's leaders
On the nation's leadersFrom Media IndonesiaThe appointment and dismissal of a Cabinet minister is purely the prerogative of the President. (Here we refer to the case of State Minister of Food and Horticulture Prof. Dr. A.M. Saefuddin.) This is in line with the 1945 Constitution.
Tue, 03 Nov 1998
Official asks about alleged bird smuggler
Official asks about alleged bird smuggler TANGERANG (JP): Tangerang Prosecutor's Office has questioned the whereabouts of a Pakistani flight attendant who was arrested at Soekarno-Hatta International Airport in August for attempting to smuggle two black cockatoos to Karachi.
Tue, 03 Nov 1998
Ical says family bloodbath was spur of the moment
Ical says family bloodbath was spur of the moment MEDAN (JP): Muhammad Ferizal Batubara, the 17-year-old accused of bludgeoning his parents and four of his siblings to death with a hammer here on Friday, has denied the murders were premeditated.
Tue, 03 Nov 1998
Call for opposition figures to join MPR
Call for opposition figures to join MPR JAKARTA (JP): Three leading members of the People's Consultative Assembly (MPR) have called on the country's three most influential opposition figures -- Abdurrahman Wahid, Amien Rais and Megawati Soekarnoputri -- to be appointed members of the nation's...
Tue, 03 Nov 1998
Most SE Asian currencies edge higher
Most SE Asian currencies edge higher SINGAPORE (Dow Jones): Southeast Asian currencies edged higher against the U.S. dollar in late Asian trading Monday compared with levels late Friday, but on moderate volumes.
Tue, 03 Nov 1998
City out for bigger shares in water deals
City out for bigger shares in water deals JAKARTA (JP): The city administration wants bigger shares in water-management cooperative agreements between city-owned water company PDAM Jaya and its two foreign companies in the next renegotiations of the deals, Governor Sutiyoso said on Monday.
Tue, 03 Nov 1998
E. Timorese leaders divided over solution
E. Timorese leaders divided over solution KRUMBACH, Austria (JP): East Timorese leaders remain divided over finding an acceptable solution for their tiny territory while representatives at a forum here even differ on issues allowed to be discussed.
Tue, 03 Nov 1998
Presidential candidates
Presidential candidates The Youth Pledge of 1928, which was honored throughout Indonesia last week, called for One Nation, One Country, One Language: Indonesia. Masli Arman's letter, published on Youth Pledge Day, deviates from the pledge.
Tue, 03 Nov 1998
Sigit's dope hearing set for mid November
Sigit's dope hearing set for mid November JAKARTA (JP): The International Badminton Federation (IBF) has set a hearing in Singapore in two weeks for Indonesian world doubles champion Sigit Budiarto regarding his positive dope tests for the anabolic steroid nandrolone.
Tue, 03 Nov 1998
Political concerns force rupiah down against dollar
Political concerns force rupiah down against dollar JAKARTA (JP): The rupiah weakened to pass the critical 8,000 mark against the U.S. dollar on Monday on concerns of possible large-scale violence ahead of and during the Special Session of the People's Consultative Assembly (MPR) next week, dealers...
Tue, 03 Nov 1998
Freeport
Freeport Correction: The writer of the article titled Freeport: Dirty water won't wash away graft printed on this page on Nov. 2 should read Aleksius Jemadu, not Donna K. Woodward. We apologize for the error. -- Editor
Tue, 03 Nov 1998
Indonesian honored for his novel way to deal with dirt
Indonesian honored for his novel way to deal with dirtBy Stevie Emilia JAKARTA (JP): Most people shun waste, especially of the human variety, but it gave Agus Gunarto the inspiration to create an award-winning invention.
Mon, 02 Nov 1998
Observers warn unrest likely
Observers warn unrest likely JAKARTA (JP): Political observers warned that conflict among political forces may lead to unrest during the upcoming special session of the People's Consultative Assembly. One even said there could be bloodshed unless the government take concrete steps to head off the...
Mon, 02 Nov 1998
Security concerns knocks tourist number off target
Security concerns knocks tourist number off target JAKARTA (JP): The government is projecting that foreign tourist arrivals will be hard put to reach 4.6 million visitors, far short of the initial 6.5 million target, mainly due to lingering fears over the country's security situation.
Mon, 02 Nov 1998
Stable hort-term outlook for markets
Stable hort-term outlook for markets SINGAPORE (AFP): Asia's economic crisis enters its 16th month on Monday with analysts expecting regional financial market stability at least until the New Year. But the long-term picture remains uncertain.