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Wed, 28 Oct 1998
RI gets Triple-C rating
RI gets Triple-C rating HONG KONG (Dow Jones): Duff & Phelps Credit Rating Co. said Tuesday it has assigned a Triple-C long-term foreign currency issuer rating to the Republic of Indonesia and a Single-B-minus rating to the country's outstanding US$400.0 million Yankee bond due 2006.
Wed, 28 Oct 1998
Soeharto's wealth
Soeharto's wealthFrom UmmatAll the mass media has been zealously talking about Pak Harto's wealth abroad. I agree with Pak Amien Rais. What is the point of tracking the wealth of Pak Harto and his family abroad. Just remember what Mrs.
Wed, 28 Oct 1998
Students report to military police
Students report to military police MEDAN, North Sumatra (JP): About 100 students of the Medan Institute of Technology (ITM) reported to the military police on Tuesday the arrest of four of their colleagues by police the day before.
Wed, 28 Oct 1998
Good governance is a must
Good governance is a mustBy Aleksius Jemadu BANDUNG (JP): Oct. 28 is always a day for reflection. In 1928, seventy years ago today, Indonesian youths from different ethnic and religious backgrounds gathered in Jakarta and proclaimed that they belonged to the same nation and motherland with one...
Wed, 28 Oct 1998
Le Meridien gets award
Le Meridien gets award JAKARTA (JP): Le Meridien Nirwana Golf and Spa Resort in Bali has been awarded the highest rank in Meridien Worldwide quality, the hotel announced on Tuesday.Hotel general manager Gerard Hotelier said that his hotel received the highest score among 250 hotels under Meridien...
Wed, 28 Oct 1998
Hashim quits post at Bank Papan Sejahtera
Hashim quits post at Bank Papan Sejahtera JAKARTA (JP): Shareholders of the publicly-listed Bank Papan Sejahtera (BPS) approved a major reshuffle of senior bank personnel on Tuesday which includes the resignation of Hashim Djojohadikusumo as chief commissioner.
Wed, 28 Oct 1998
Hope still flickers for shuttler Sigit in steroid-taking case
Hope still flickers for shuttler Sigit in steroid-taking case JAKARTA (JP): Sports medical expert Dangsina Moeloek said on Tuesday there was still hope that Indonesia's badminton world doubles champion Sigit Budiarto would be cleared of drug taking.
Wed, 28 Oct 1998
Mobs lynch four 'suspected ninjas' in East Java
Mobs lynch four 'suspected ninjas' in East Java SURABAYA (JP): Villagers in East Java have lynched four men who they suspected were involved in a wave of "ninja" killings, including three who were dragged out of their car, police and sources said on Tuesday.
Wed, 28 Oct 1998
MPR urged to issue decree on freedom of information
MPR urged to issue decree on freedom of information JAKARTA (JP): A group of communications experts and practitioners have called on the People's Consultative Assembly (MPR) to pass a decree on freedom of information during its special session between Nov. 10 and Nov. 13.
Wed, 28 Oct 1998
RI cattle import increases
RI cattle import increases MELBOURNE (Bloomberg): A doubling in the value of the Indonesian rupiah over the past three months has revived demand for live cattle from a country that was formerly Australia's best customer, cattle industry officials said on Tuesday.
Wed, 28 Oct 1998
Building public trust
Building public trust Whether or not it is true that foreign trust in our non-oil exports is returning, the government must without delay and in complete earnest set a continual watch over the quality of our export products, see to it that all terms of payment are complied with and ensure that all...
Wed, 28 Oct 1998
Govt to honor Freeport's contract
Govt to honor Freeport's contract JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto reaffirmed on Tuesday that the government would honor the mining contract of work (COW) with copper and gold mining company PT Freeport Indonesia.
Wed, 28 Oct 1998
Solarex project on target
Solarex project on target JAKARTA (JP): Solarex, an American joint venture between Amoco Corp. and Enron Corp, said on Monday that its US$25 million solar project in Indonesia was on schedule despite the prolonged economic crisis.
Wed, 28 Oct 1998
Universal education will stop disintegration
Universal education will stop disintegrationBy Iwan Pranoto BANDUNG (JP): Many believe that the 1928 Generation, mostly consisting of young educated civilians, had the most important role in the nation's history.
Wed, 28 Oct 1998
Govt told to be fair in giving loans to transportation firms
Govt told to be fair in giving loans to transportation firms JAKARTA (JP): The government has been urged to be fair in issuing credit to help the city's ailing public transportation operators.La Ode Djeni Hasmar, the head of Wahana Kalpika Cooperatives (KWK), said on Tuesday that it was not fair to...
Wed, 28 Oct 1998
Draft Assembly decrees must not be considered final: Experts
Draft Assembly decrees must not be considered final: Experts JAKARTA (JP): Constitutional law experts said on Tuesday that draft decrees completed for deliberation in the People's Consultative Assembly's (MPR) special session should not be considered final.
Wed, 28 Oct 1998
Conversion Rates
Conversion Rates Bank Bali's conversion rates on Oct. 27, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,350.00 7,450.00 7,350.00 7,500.00Austrian schilling 1 576.10 646.10 - -Australian dollar 1 4,388.30 4,648.30 4,370.00 4,720.00Belgian franc 1 196.
Wed, 28 Oct 1998
200 housing complex residents yet to receive land certificates
200 housing complex residents yet to receive land certificates BOGOR (JP): At least 200 residents of Reny Jaya housing complex in Pondok Petir village, Sawangan district, have become increasingly anxious due to the developer's failure to give them land certificates on time.
Wed, 28 Oct 1998
Saudi faces jail for drug possession
Saudi faces jail for drug possession JAKARTA (JP): A Saudi citizen was indicted at Central Jakarta District Court on Tuesday for possessing 2.09 grams of dried marijuana.Prosecutor Agus Widodo said the defendant, Khalil L.M.
Wed, 28 Oct 1998
Jail time sought in 'sandal' slaying
Jail time sought in 'sandal' slaying JAKARTA (JP): A prosecutor is seeking five years in jail for a market trader who allegedly caused fatal injuries to a hoodlum and injured the latter's friend in a row over a pair of missing sandals.
Wed, 28 Oct 1998
RI seen struggling to lure oil investors
RI seen struggling to lure oil investors JAKARTA (JP): An executive of a major American oil company said on Tuesday the Indonesian government had its work cut out for it in attracting new investors to the country's oil and gas industry amid the monetary crisis.President of Unocal Corp. John F.
Wed, 28 Oct 1998
Roesmanhadi calls for new police mentality and foreign study
Roesmanhadi calls for new police mentality and foreign study JAKARTA (JP): Developing a new mentality and using study opportunities abroad rank among the calls for enhancing professionalism within the police force following its separation from the Armed Forces.
Wed, 28 Oct 1998
S'pore paper tells KL to shut up
S'pore paper tells KL to shut up SINGAPORE (AP): Singapore's largest government-controlled newspaper told Malaysian politicians on Tuesday to "shut up" and accused them of going on flights of fancy in alleging that Singaporean aircraft had violated Malaysian airspace during the past month.
Wed, 28 Oct 1998
Inco holds dividend payment
Inco holds dividend payment JAKARTA (JP): Nickel producer PT International Nickel Indonesia, a subsidiary of the Toronto-based Inco Ltd. said Tuesday it has deferred payment of the 1998 interim dividend.
Wed, 28 Oct 1998
Open-sky policy mulled to lure more tourists
Open-sky policy mulled to lure more tourists JAKARTA (JP): The government is currently studying the possibility of introducing a limited open-skies policy which will open up all domestic routes to international carriers, in a bid to attract more foreign tourists.
Wed, 28 Oct 1998
CIDES clarifies
CIDES clarifies I would like to refer to an article published on Oct. 21, 1998, page 2, CIDES laments revival of sectarian politics, which is seemingly a stance that is the only vision of Center for Information and Development Studies (CIDES) scholars.
Wed, 28 Oct 1998
Language experts decry political doublespeak
Language experts decry political doublespeak JAKARTA (JP): Linguists renewed their resistance on Tuesday against interference by political vested interests in the formulation of Indonesian, charging it obstructed the function of the language as a means of communication.
Wed, 28 Oct 1998
Spotlight
SpotlightPhoto A: SantikaHotel SantikaSAFETY CHECK: Peruvian Ambassador to Indonesia Max de la Fuente (left) receives a warm greeting from the general manager of Hotel Santika Yogyakarta, Ign. Haryadi. A group of VIP guests from several embassies in Jakarta visited Yogyakarta last week to relay...
Wed, 28 Oct 1998
ASEAN TV channel to be launched soon
ASEAN TV channel to be launched soon SINGAPORE (AP): Southeast Asian officials said on Tuesday a satellite television channel representing their countries' unique perspectives will be launched next year, as the beleaguered region seeks a unified voice amid increasing internal discord.
Wed, 28 Oct 1998
Securing Indonesia's Future: Chubb's New Manufacturing Plant
Securing Indonesia's Future: Chubb's New Manufacturing Plant Amid the insecurities challenging Indonesia, ironically, one company's future is safe.Chubb Indonesia is currently celebrating its 25th birthday by expanding operations with the opening of new state-of-the-art premises at east of Jakarta.
Wed, 28 Oct 1998
Foreign investors demand business security
Foreign investors demand business security JAKARTA (JP): Foreign interest in investing in the country appears to be returning amid signs of an improvement in the economy, but security and political worries remain the biggest concern in realizing their investment plans, according to local...
Wed, 28 Oct 1998
Bank DKI boss blamed for $21.5m bad credit
Bank DKI boss blamed for $21.5m bad credit JAKARTA (JP): City councilors have blamed the "authoritarian" management style of Bank DKI president Soeharto for saddling the city-owned institution with bad credit of about Rp 172 billion (US$21.5 million).
Wed, 28 Oct 1998
PLN relying on govt support to ride out crisis
PLN relying on govt support to ride out crisis JAKARTA (JP): State electricity company PT PLN said on Tuesday it was banking on the government's support to ensure it survived the country's worst-ever economic crisis.
Wed, 28 Oct 1998
Limiting officials' wealth
Limiting officials' wealthFrom Sinar PagiOwing to the complexity inherent in practices of corruption, collusion and nepotism (KKN), it seems to be very difficult to eradicate them. It is taboo among thieves to shout "Thief!"Practices of KKN have been rife among officials in the bureaucracy and in...
Wed, 28 Oct 1998
Indonesian timber ship capsizes off Sarawak
Indonesian timber ship capsizes off Sarawak KUALA LUMPUR (Antara): An Indonesian ship bound for Malaysia with 100 tons of sawn timber sank in the South China Sea on Oct. 17 after it was battered by huge waves.
Wed, 28 Oct 1998
Megawati's chance very slim
Megawati's chance very slim A recent controversy surrounding the religious status of presidential candidate Megawati Soekarnoputri has turned out to be a kind of Pandora's Box for her. It has brought about not only a host of new problems but also renewed public attention to her previously known...
Wed, 28 Oct 1998
Mahathir to meet Bolkiah on crisis
Mahathir to meet Bolkiah on crisis KUALA LUMPUR (Reuters): Malaysian Prime Minister Mahathir Mohamad leaves for Brunei on Thursday for a two-day visit to discuss Asia's economic and financial crisis with Sultan Hassanal Bolkiah, the Foreign Ministry said.
Wed, 28 Oct 1998
Councilors want PDAM deals renewed
Councilors want PDAM deals renewed JAKARTA (JP): The City Council strongly supports the cooperative agreements on water management between city-owned water company PDAM Jaya and its two foreign partners, but urges the administration to review the deals, its speaker said.
Wed, 28 Oct 1998
Persebaya tipped to win national soccer league
Persebaya tipped to win national soccer league JAKARTA (JP): Fielding nine players who regularly form the backbone of the national team, Persebaya Surabaya is the red-hot favorite to win the soccer league which kicks off on Sunday, its chief rival predicts.
Wed, 28 Oct 1998
Sjahril upbeat about rupiah
Sjahril upbeat about rupiah JAKARTA (JP): Bank Indonesia Governor Sjahril Sabirin said on Tuesday that the rupiah would continue to strengthen until the end of the year amid signs of improvements in the economy.
Wed, 28 Oct 1998
Hyundai's efforts boost Korean ties
Hyundai's efforts boost Korean ties PANMUNJOM (AFP): The head of South Korea's Hyundai business group led on Tuesday a fresh herd of cattle to the hunger- stricken North, brightening prospects for inter-Korean ties amid an easing of tension.
Wed, 28 Oct 1998
Anwar urges Mahathir to step down honorably
Anwar urges Mahathir to step down honorably KUALA LUMPUR (Agencies): Detained former deputy premier Anwar Ibrahim urged Prime Minister Mahathir Mohamad on Tuesday to step down honorably after a crackdown on protests triggered riots in the capital.
Wed, 28 Oct 1998
RI sees first trade surplus with Australia in five years
RI sees first trade surplus with Australia in five years JAKARTA (JP): Indonesia's US$632 million trade surplus with Australia in the first eight months of the year is its first since 1993, a senior official at the Ministry of Industry and Trade said on Tuesday.
Wed, 28 Oct 1998
Tambang Timah to focus on gold exploration, Erry says
Tambang Timah to focus on gold exploration, Erry says JAKARTA (JP): Publicly listed tin mining firm PT Tambang Timah is to refocus its priorities to gold exploration to boost its performance, a company executive said here on Tuesday.
Wed, 28 Oct 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 27, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 275 0 0 AHAP Insurance 400 0 0 Alter Abadi 250 0 137,000 Alumindo Light Metal 250 0 0 Alumindo Perkasa...
Wed, 28 Oct 1998
Unocal, Mobil find RI oil
Unocal, Mobil find RI oil EL SEGUNDO, California (Dow Jones): Unocal Corp. and Mobil Corp. encountered oil and gas pay at two wells in their West Seno field offshore Indonesia.In a press release Monday, Unocal said the West Seno No.
Wed, 28 Oct 1998
Bimantara 'no longer has stake in Arco gas field'
Bimantara 'no longer has stake in Arco gas field' JAKARTA (JP): The Bimantara group, controlled by Bambang Trihatmodjo, a son of former president Soeharto, no longer holds a share in the Kangean gas block in East Java due to dilution of its stake, a state oil and gas company Pertamina official said...
Tue, 27 Oct 1998
Hoyer-Larsen profits from stars' no-show
Hoyer-Larsen profits from stars' no-show JAKARTA (JP): The 1996 Olympic men's singles gold medalist, Poul-Erik Hoyer-Larsen of Denmark, said on Monday he was disappointed by the long list of absentees at the Indonesia Badminton Open this week.
Tue, 27 Oct 1998
Conversion Rates
Conversion RatesBank Bali's conversion rates on Oct. 26, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,700.00 7,800.00 7,700.00 7,850.00Austrian schilling 1 615.95 685.95 - -Australian dollar 1 4,628.25 4,888.25 4,570.00 4,970.00Belgian franc 1 209.15 234.
Tue, 27 Oct 1998
Indonesian pulp industry not hurt by rupiah gains
Indonesian pulp industry not hurt by rupiah gains SINGAPORE (Dow Jones): Indonesia's pulp and paper producers aren't expected to be adversely affected by the strengthening rupiah against the U.S. dollar, Muhammad Mansur, chairman of the Indonesian Pulp and Paper Association, said late on Sunday.