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Thu, 22 Oct 1998
Energy efficiency called for to protect environment
Energy efficiency called for to protect environment JAKARTA (JP): It is high time Jakarta's transportation and industrial sectors as well as households used energy more efficiently to help conserve the environment, an official said on Wednesday.
Thu, 22 Oct 1998
Govt opts for joint electoral system
Govt opts for joint electoral system JAKARTA (JP): The government stood its ground during the deliberation of its three political bills on Wednesday, insisting that next year's general election use a combination of district and proportional representation systems.
Thu, 22 Oct 1998
RI confident Australia won't reexamine Balibo incident
RI confident Australia won't reexamine Balibo incident JAKARTA (JP): Indonesia doubts Australia will reopen an inquiry into the deaths of five Australia-based journalists in East Timor in 1975 since the case was closed in 1996, an official says.
Thu, 22 Oct 1998
TV to boost appreciation of traditional art, music
TV to boost appreciation of traditional art, musicBy Sri Wahyuni YOGYAKARTA (JP): Traditional art is often perceived as boring and old-fashioned by many, regardless of the fact that its beauty and cultural value is highly acknowledged.
Thu, 22 Oct 1998
JAKARTA (JP): Bank Bali's conversion rates on Oct. 21, 1998:
JAKARTA (JP): Bank Bali's conversion rates on Oct. 21, 1998: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 7,000.00 7,100.00 7,000.00 7,150.00Austrian schilling 1 564.40 634.40 - -Australian dollar 1 4,296.50 4,556.50 4,110.00 4,590.00Belgian franc 1 189.05 214.
Thu, 22 Oct 1998
Unpaid reforestation fees reach Rp 170b
Unpaid reforestation fees reach Rp 170b JAKARTA (JP): Unpaid reforestation fees have reached more than Rp 170 billion (US$22.6 million) as of October this year, according to a senior official at the Ministry of Forestry.Director General of Forest Utilization Harnanto H.
Thu, 22 Oct 1998
Indotama serves households
Indotama serves households JAKARTA (JP): Indotama Cooperative has become the first cooperative in the country to enter the retail delivery service.The cooperative's chairman, S. Daniel Phrang, said on Wednesday that the cooperative started its household shopping service early this month to serve...
Thu, 22 Oct 1998
Communication is vital in inter-ethnic relations
Communication is vital in inter-ethnic relationsBy A.G. Wenats and S.M. Niken Restaty JAKARTA (JP): While claiming large numbers of victims, huge losses and the deep trauma of racism, the May riots still left many questions unanswered.
Thu, 22 Oct 1998
Not our security personnel
Not our security personnel With reference to the reports in The Jakarta Post of Aug. 20, 1998 and Sept. 25, 1998 on the demand aired by a number of security guards, herewith for and on behalf of and in the legal interest of PT JAYA READYMIX we deem it necessary to present the following refutation...
Thu, 22 Oct 1998
Second company declared bankrupt by Jakarta court
Second company declared bankrupt by Jakarta court JAKARTA (JP): The Jakarta Commercial Court declared PT Sarana Kemas Utama bankrupt on Wednesday following a petition from Bank PDFCI.Sarana Kemas, a cardboard producer, is the second company to be declared bankrupt by the court after a controversial...
Thu, 22 Oct 1998
Observers doubt Golkar independence declaration
Observers doubt Golkar independence declaration JAKARTA (JP): Political observers have expressed doubt that Golkar will follow through on its "lip service" declaration of independence from its two main supporters, the Armed Forces and the bureaucracy.
Thu, 22 Oct 1998
Rupiah ideal at Rp 7,000-8,000 range: Ginandjar
Rupiah ideal at Rp 7,000-8,000 range: Ginandjar JAKARTA (JP): Coordinating Minister for Economy, Finance and Industry Ginandjar Kartasasmita said on Wednesday the favorable equilibrium level for the rupiah should be at a range of between Rp 7,000 and Rp 8,000 to the U.S.
Thu, 22 Oct 1998
Freeport profit declines
Freeport profit declines NEW ORLEANS (Reuters): Increased production and lower costs of Indonesian operations blunted the impact of lower copper prices on Freeport-McMoRan Copper & Gold Inc.'s third quarter profits, the company said on Tuesday.Profits declined to US$23.
Thu, 22 Oct 1998
Banks ask Supreme Court to revoke Modernland verdict
Banks ask Supreme Court to revoke Modernland verdict JAKARTA (JP): Bank Danamon and Bank Internasional Indonesia (BII), two of the country's largest private listed banks, have appealed to the Supreme Court to overturn a bankruptcy verdict on property firm PT Modernland Realty.
Thu, 22 Oct 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 21, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 275 0 0 AHAP Insurance 400 0 0 Alter Abadi 275 0 1,532,500 Alumindo Light Metal 275 0 314,000 Alumindo...
Thu, 22 Oct 1998
Mahathir refuses to bow to pressure, call election
Mahathir refuses to bow to pressure, call election KUALA LUMPUR (AP): Malaysian Prime Minister Mahathir Mohamad said on Wednesday he won't be pressured into calling early elections despite weekly street protests demanding his resignation.
Thu, 22 Oct 1998
A rare coincidence?
A rare coincidence? One day when I was looking at a picture of the robust Philippine President Estrada and his petite Indonesian counterpart President Habibie, I suddenly remembered an article in Asiaweek of Oct. 9, 1998 about President Estrada.
Thu, 22 Oct 1998
Evidence needed
Evidence needed Amid the speculation about who could be behind the killings (in Banyuwangi, East Java), a most disturbing assertion has been made by the chairman of the Nahdlatul Ulama (NU) board, Abdurrahman Wahid (Gus Dur).
Thu, 22 Oct 1998
Presidential candidate
Presidential candidateFrom MerdekaPeople have started discussing Indonesia's fourth president and proposing candidates. They have also set the requirements for the presidency. In my opinion, we'd better return to the 1945 Constitution and the Pancasila philosophy, the state's basis and ideology.
Thu, 22 Oct 1998
Soccer league to proceed despite sponsorship doubts
Soccer league to proceed despite sponsorship doubts JAKARTA (JP): The chairman of the All Indonesian Soccer Federation Agum Gumelar reiterated on Wednesday that the upcoming league would kick off as scheduled despite the uncertain sponsorship situation.
Thu, 22 Oct 1998
MPR asked to rule on Soeharto
MPR asked to rule on Soeharto JAKARTA (JP): Activists demanded on Wednesday that the upcoming special session of the People's Consultative Assembly (MPR) next month ratify a decree to reclaim Soeharto's family wealth which he allegedly amassed during 32 years in power.
Thu, 22 Oct 1998
ASEAN mulls 'open house' to all investors in 1999
ASEAN mulls 'open house' to all investors in 1999 MANILA (AFP): Nine Southeast Asian countries may temporarily grant "open house treatment" to all foreign investors by next year as part of joint efforts to address the financial crisis, a Philippine official said on Wednesday.
Thu, 22 Oct 1998
Caltex moves to Singapore
Caltex moves to Singapore SINGAPORE (DPA): U.S. giant Caltex Petroleum Corporation is moving its global headquarters from Dallas, Texas, to Singapore, the company announced Friday.Caltex would be the first multinational company to establish its corporate base in the city-state, officials in...
Thu, 22 Oct 1998
Zarina granted early remission to sentence
Zarina granted early remission to sentence TANGERANG (JP): With a bright smile and cheerful face, Zarina -- the budding TV actress who was not supposed to end her four- year jail term until November 2000 for her Ecstasy case -- was freed on conditional release on Wednesday.
Thu, 22 Oct 1998
Habibie says he needs no political brokers
Habibie says he needs no political brokers JAKARTA (JP): President B.J. Habibie said on Wednesday that he would get rid of people within his circle who were acting as political brokers, saying that they were the cause of the tragic downfall of his two predecessors, Soeharto and Sukarno.
Thu, 22 Oct 1998
Key Asian rescue draft to be presented at APEC
Key Asian rescue draft to be presented at APEC SYDNEY (AFP): A strategy to coordinate Asian economic revival involving simultaneous interest rate cuts and budget expansion drawing partly on Japan's new credit line will be put to next month's APEC forum in Malaysia.
Thu, 22 Oct 1998
Govt 'broke rules' over Freeport's obligations
Govt 'broke rules' over Freeport's obligations JAKARTA (JP): Former mines and energy minister Subroto said on Wednesday the government contravened accepted practices by not informing legislators that it had relieved copper and gold mining company PT Freeport Indonesia of its divestment obligation.
Thu, 22 Oct 1998
Malaysia may impose tax on palm oil to counter budget steps
Malaysia may impose tax on palm oil to counter budget steps KUALA LUMPUR (Reuters): Malaysia is likely to impose taxes on palm oil, its leading export earner, in its budget this week to help offset an expansionary spending plan, analysts and traders said.
Thu, 22 Oct 1998
Jamsostek asks to be exempt from paying tax
Jamsostek asks to be exempt from paying tax JAKARTA (JP): PT Jamsostek, a state-owned company running the social security insurance program for workers, proposed to the government that it should be exempt from its obligation to pay tax and dividends.
Thu, 22 Oct 1998
PBSI waiting for result of Sigit's second drug test
PBSI waiting for result of Sigit's second drug test JAKARTA (JP): The Badminton Association of Indonesia (PBSI) will not take any action against doubles specialist Sigit Budiarto until the International Badminton Federation (IBF) announces the result of a second test on a urine sample taken from...
Thu, 22 Oct 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Children's Film: Thundercats 3:05 Student's Program: Pramuka 3:30 Science Film 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Arabic Lessons 5:30 TV Series: The Man from Uncle 6:00 News: Lintasan Berita 6:05 Documentary: Rona...
Thu, 22 Oct 1998
Beggars flourish in Banjarmasin
Beggars flourish in Banjarmasin BANJARMASIN, South Kalimantan: Beggars and female and child street singers are becoming more numerous at intersections in Banjarmasin.On Wednesday Antara reported that this scene was easily found at main road intersections and shopping centers.
Thu, 22 Oct 1998
Meridien's year-end package
Meridien's year-end package JAKARTA (JP): Le Meridien Nirwana Golf & Spa Resort in Bali launched on Wednesday its Christmas campaign to boost sales over the Christmas and New Year period.Operation Christmas includes telesales to local operators, key wholesalers and regional sales offices to provide...
Thu, 22 Oct 1998
Strong buying pushes Asian currencies to further heights
Strong buying pushes Asian currencies to further heights SINGAPORE (Dow Jones): Strong buying interest catapulted the Indonesian rupiah to its highest level in eight months during Asian trading hours on Wednesday.
Thu, 22 Oct 1998
RI maids work in S'pore for a dollar a month
RI maids work in S'pore for a dollar a month SINGAPORE (AP): To escape poverty at home, hundreds of Indonesian women are working for just one Singapore dollar (US$0.60) a month as domestic servants in Singapore.
Wed, 21 Oct 1998
Four developers in arrears
Four developers in arrears TANGERANG (JP): Two major real estate developers and two golf course developers here have not yet paid their 1997 land and building tax, which reached a total of Rp 1.8 billion, an official said Tuesday.
Wed, 21 Oct 1998
Indorayon strikers return to work
Indorayon strikers return to work MEDAN, North Sumatra (JP): Thousands of employees of PT Inti Indorayon Utama began to return to the plant in Porsea in North Tapanuli on Tuesday after a five-day sit-in at the governor's office here.
Wed, 21 Oct 1998
Gus Dur treated at RSCM
Gus Dur treated at RSCM JAKARTA (JP): Leader of the country's largest Moslem organization Nahdatul Ulama, Abdurrahman Wahid, has been hospitalized since Saturday in Jakarta."My father was brought to hospital on Saturday after meeting some guests.
Wed, 21 Oct 1998
Badminton star Sigit denies doping charge
Badminton star Sigit denies doping charge JAKARTA (JP): A cloud of suspicion hangs over the struggling Indonesian badminton camp following a press report that world men's doubles champion Sigit Budiarto failed a drug test conducted by the National Sports Council.
Wed, 21 Oct 1998
Freeport vs. people
Freeport vs. people If what The Jakarta Post has been reporting lately concerning the 1991 shares transactions which involve PT Freeport Indonesia, Indocopper Investment Corporation and PT Nusamba is true, there is certainly much presented that would lead most analytical minds to suspect that the...
Wed, 21 Oct 1998
Malaysia denies it plans to review S'pore ties
Malaysia denies it plans to review S'pore ties KUALA LUMPUR (Reuters): Malaysia has no plans to review ties with Singapore and wants to resolve disputes with the island republic, Deputy Foreign Minister Leo Michael Toyad was quoted as saying on Tuesday.
Wed, 21 Oct 1998
Directory
DirectoryCorrection: The Capital Market Directory 1998 mentioned in the photo caption on this page on Tuesday is published annually by the Institute for Economic and Financial Research (ECFIN) and not by the Jakarta Stock Exchange.We regret the error. -- Editor
Wed, 21 Oct 1998
Currencies mixed as life returns to SE Asian markets
Currencies mixed as life returns to SE Asian markets SINGAPORE (Dow Jones): Southeast Asian currencies were mixed against the U.S. dollar in late trading on Tuesday, as signs of life return to the region's financial markets.
Wed, 21 Oct 1998
Indorayon allowed to reopen pulp, rayon mills
Indorayon allowed to reopen pulp, rayon mills JAKARTA (JP): The government has allowed publicly-listed rayon and pulp producer PT Inti Indorayon Utama to reopen its pulp and rayon mills in North Sumatra, which have been shut down for almost four months due to security disturbances by protesters who...
Wed, 21 Oct 1998
Corruption fears slow down aid for the poor
Corruption fears slow down aid for the poor JAKARTA (JP): Worries over leakages and corruption have slowed down the government's social safety net spending for the poor, creating a surprising cash surplus in the state budget during the first five months of the current fiscal year, according to a...
Wed, 21 Oct 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 20, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 275 0 1,500 AHAP Insurance 400 0 0 Alter Abadi 275 25 491,000 Alumindo Light Metal 275 -50 15,000 Alumindo...
Wed, 21 Oct 1998
Journalists in East Java receive death threats
Journalists in East Java receive death threats SURABAYA (JP): Following threats made to Moslem preachers by unidentified people here, journalists have been warned that they will be among the next victims in the killing spree which has so far claimed more than 150 lives in East Java.
Wed, 21 Oct 1998
Reform team criticized for lack of achievement
Reform team criticized for lack of achievement JAKARTA (JP): A councilor has criticized the reform team set up by Governor Sutiyoso to rid the city administration of corruption, collusion and nepotism for its resounding lack of achievement.
Wed, 21 Oct 1998
Singapore-made exports rose 1.7% in September
Singapore-made exports rose 1.7% in September SINGAPORE (Bloomberg): Singapore-made exports, closely watched for the health of the island's economy, unexpectedly rose 1.7 percent year-to-year in September as European orders offset shriveled demand from recession-torn Asia.
Wed, 21 Oct 1998
Govt updating method for rice data collection
Govt updating method for rice data collection JAKARTA (JP): The Ministry of Agriculture and the Central Bureau of Statistics (BPS) are preparing new methodology to provide more accurate statistical data on the country's rice production.