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Tue, 13 Oct 1998
Creditors 'keen to renegotiate debts'
Creditors 'keen to renegotiate debts' JAKARTA (JP): Foreign creditors are generally prepared to restructure loans to Indonesian private sector debtors in the hope it will allow them to eventually recover some of their money, a senior government official has said.
Tue, 13 Oct 1998
Govt campaign against corruption 'half-hearted'
Govt campaign against corruption 'half-hearted' JAKARTA (JP): The government's move to probe into high level corruption cases in the country is a half-hearted effort merely to refine its image, an American expert on Indonesia's political economy said here Monday.Jeffrey A.
Tue, 13 Oct 1998
Stocks strengthen as rupiah remains firm
Stocks strengthen as rupiah remains firm JAKARTA (JP): Share prices rose slightly in the local market on Monday, bolstered by foreign investors' persistent buying of certain blue-chip stocks, as the rupiah remained stable against the U.S. dollar.
Tue, 13 Oct 1998
Expect surprises, not a flamenco flurry
Expect surprises, not a flamenco flurry JAKARTA (JP): Praise has been heaped on the Second Art Summit Indonesia 1998 committee's decision to bring in some of the world's best dance groups, like Japan's Yukio Waguri or Germany's Bremer Tanztheater.
Tue, 13 Oct 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 12, 1998: Shares Close Change Trading Volume --------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 250 0 1,498,000 Alumindo Light Metal 250 0 0 Alumindo...
Mon, 12 Oct 1998
Toll road pickets urged to end action, go to court instead
Toll road pickets urged to end action, go to court instead TANGERANG (JP): A senior official of the Tangerang Regency Office believes that protesters blocking a toll gate in a dispute over unpaid land compensation would be better served by taking their grievance to court.
Mon, 12 Oct 1998
ASEAN fractures exposed once again
ASEAN fractures exposed once again MANILA (Reuters): The disparate Association of Southeast Asian Nations (ASEAN) has always had a tough job convincing onlookers of its combined purpose, and its divisions are now attracting even more attention than usual.
Mon, 12 Oct 1998
Tarman Azzam named new PWI chairman
Tarman Azzam named new PWI chairman SEMARANG, Central Java (JP): The Indonesian Journalists Association (PWI) has elected Tarman Azzam, its Jakarta chapter chairman, as its leader through 2004.Tarman, chief editor of Terbit afternoon daily, was picked from several strong contenders, including...
Mon, 12 Oct 1998
'One out of 1,000' people suffer from cancer
'One out of 1,000' people suffer from cancer JAKARTA (JP): One out of every 1,000 Indonesians in Java and Bali suffers from cancer, an expert said on Saturday.Tjahjono, a professor of anatomic pathology at the Semarang- based University of Diponegoro in Central Java, said based on his research from...
Mon, 12 Oct 1998
Moral crisis as serious as economic turmoil
Moral crisis as serious as economic turmoilBy Harkiman Racheman MEDAN (JP): In a country where absolute power revolves around a single hand, the ruling regime tends to be corrupt and unaccommodating (let alone representative!) toward the aspirations as well as interests of its various social...
Mon, 12 Oct 1998
Asian currencies rally on weakened U.S. outlook
Asian currencies rally on weakened U.S. outlook HONG KONG (AFP): Currencies in the Asia-Pacific region strengthened against the greenback in a week that saw U.S. Federal Reserve chairman Alan Greenspan warn of a weakened outlook for the American economy.
Mon, 12 Oct 1998
PAL to take to foreign skies
PAL to take to foreign skies MANILA (Reuters): Resurrected Philippine Airlines is preparing to take off for foreign skies again this week, but may avoid using leased jumbo jets to fly to the United States for fear of action by creditors there.
Mon, 12 Oct 1998
Slain Ita 'a rape victim in May riots'
Slain Ita 'a rape victim in May riots' JAKARTA (JP): An executive of the Indonesian Legal Aid and Human Rights Association said on Sunday that he believed Marthadinata, who was murdered on Friday, was one of the rape victims of the mid-May riots.
Mon, 12 Oct 1998
Sarimun installed as new mayor
Sarimun installed as new mayor JAKARTA (JP): Sarimun Hadisaputra was installed on Friday as the new mayor of West Jakarta, replacing Sutardjianto, who was appointed inspector of the city administration.
Mon, 12 Oct 1998
Capital inflows 'have destabilizing impact'
Capital inflows 'have destabilizing impact' NEW YORK (Dow Jones): Although capital inflows will be crucial in reactivating the Indonesian economy, they can have a very destabilizing impact and need to be monitored, the head of the country's central bank said Friday.
Mon, 12 Oct 1998
Two unions hold congress
Two unions hold congress JAKARTA: The tourist sector's union elected Ali Samioen as its chairman and Sofyan to the secretary-general position through 2003 at a recent congress in Cianjur, West Java.Ali said the congress, attended by 250 delegates representing all 27 chapters and 125 sectoral union...
Mon, 12 Oct 1998
Peaceful demo staged in Dili
Peaceful demo staged in Dili DILI, East Timor (JP): At least 30,000 people demonstrated here on Sunday, demanding that Governor Jose Abilio Soares step down following his statement that civil servants who did not support the government's proposal on autonomy for the province should resign or be...
Mon, 12 Oct 1998
Women face threat of abuse as economic crisis deepens
Women face threat of abuse as economic crisis deepensBy Brigid O'Halloran JAKARTA (JP): A young woman studies her battered reflection in a large ornate mirror. "He said he wouldn't beat me anymore," she says. "He's said this before.
Mon, 12 Oct 1998
Art Summit schedule
Art Summit schedule Oct. 11-12: Theater, Ngeh (Understand), Teater Mandiri (Indonesia), Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta (Phone: 3154087).Oct. 13-14: Dance, Diez-Diez Danza SL (Spain), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892).Oct.
Mon, 12 Oct 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Wayang, at Sari Pan Pacific Hotel Jl. M.H. Thamrin, Central Jakarta (Phone: 323707), until Oct. 23. * Painting Exhibition: Lukisan Dalam Gejolak Reformasi, by Irawan Karseno, Yoes Rizal, etc., in Bebek Bali Resto-Cafe- Gallery, Jl.
Mon, 12 Oct 1998
Natural resources and economy
Natural resources and economy We have tried all kinds of things to improve our economy, including praying to God, tightening our belts, borrowing money, rescheduling our debts, cutting down subsidies, increasing taxes, clamping down on graft, recovering laundered money, eating less, reducing...
Mon, 12 Oct 1998
Killer's arrest stuns peacefull neighborhood
Killer's arrest stuns peacefull neighborhood JAKARTA (JP): The arrest of 22-year-old Suryadi, alias Otong, alias Bram, for the murder of volunteer counselor Marthadinata shocked his neighbors along Jl. Berlian III in Sumur Batu subdistrict in Central Jakarta.
Mon, 12 Oct 1998
IDI demands Dewi retract Sukarno's death charges
IDI demands Dewi retract Sukarno's death charges JAKARTA (JP): The Indonesian Medical Association (IDI) has demanded that a widow of president Sukarno, Ratna Sari Dewi, retract her statement charging that his medical team killed him with an overdose of sleeping pills.
Mon, 12 Oct 1998
BI's gross foreign exchange reserves rise to US$21.5b
BI's gross foreign exchange reserves rise to US$21.5b JAKARTA (JP): Bank Indonesia (BI), the central bank, announced on Friday that its gross foreign exchange reserves rose to US$21.5 billion in the week ending Oct. 7 from $20.5 billion the previous week.
Mon, 12 Oct 1998
Proactive planning needed to develope telecommunications
Proactive planning needed to develope telecommunicationsBy Zatni Arbi JAKARTA (JP): My article on wired versus wireline telephones last week seems to have attracted a few responses. Unfortunately, when people were calling me over that article, I happened to be away in Bandung to attend the opening...
Mon, 12 Oct 1998
Bank mergers
Bank mergers In normal economic conditions there are four goals if a company or bank decides to merge with other companies or banks. First, to make the total assets bigger so as to enable them to compete with the established institution peers.
Mon, 12 Oct 1998
Rate ceiling for Oct. 12 - Oct. 18
Rate ceiling for Oct. 12 - Oct. 18 Time deposit Maximum rate Maximum rate Rp deposit (%) $ deposit (%)-------------------------------------------------1-month 64 153-month 61 156-month 50 1512-month 48 1524-month 30 18 Maximum overnight rate for rupiah : 58 percentMaximum overnight rate for U.S.
Mon, 12 Oct 1998
Statement on opposition to Habibie sparks speculation
Statement on opposition to Habibie sparks speculation JAKARTA (JP): A recent statement by a close presidential advisor that President B.J. Habibie's strongest opposition in a presidential election bid would come from within Golkar's own ranks has triggered speculation from political observers.
Mon, 12 Oct 1998
Rival camps of labor export companies fail to reconcile
Rival camps of labor export companies fail to reconcile JAKARTA (JP): The two conflicting camps in the Association of Labor Export Companies Association (Apjati) failed to reconcile on Saturday because one of the warring parties failed to attend an agreed congress.
Mon, 12 Oct 1998
Farmers demand savings back
Farmers demand savings back PURWOKERTO, Central Java (JP): More than 5,000 clove farmers from Banyumas regency complained to the University of Gen. Soedirman on Saturday, requesting help from the institution for the return of their savings from the government.
Mon, 12 Oct 1998
Two more people fall victim in East Java killing spree
Two more people fall victim in East Java killing spree SURABAYA (JP): The mysterious killing spree in East Java has claimed two more victims, including one man slain in a mob attack because he was suspected of complicity in the murders.
Mon, 12 Oct 1998
Indonesia fails to win Sentul road race
Indonesia fails to win Sentul road race JAKARTA (JP): The host team finished empty-handed in the four categories of the Asian road race in Sentul, near Bogor, on Sunday.Thailand took three classes of the 125cc, 150cc sports production and 110cc underbone, and Japan captured the 250cc sports...
Mon, 12 Oct 1998
No easy way out of RI's crisis
No easy way out of RI's crisisBy Bambang Subianto The following is an excerpt from a paper presented at the National Issues Forum put on by the Brookings Institute and the Harvard Institute for International Development in Washington D.C. on Oct. 2. This is the first of two articles.
Mon, 12 Oct 1998
Greater Jakarta workers set up new labor group
Greater Jakarta workers set up new labor group JAKARTA (JP): Employees of 100 companies operating in Jakarta and its surrounding areas established on Sunday a new union called Serikat Buruh Jabotabek (Greater Jakarta Labor Organization) in a bid to improve their bargaining position.
Mon, 12 Oct 1998
Agum pledges uninterrupted soccer league
Agum pledges uninterrupted soccer league JAKARTA (JP): Newly appointed All Indonesia Soccer Federation (PSSI) chief Lt. Gen. Agum Gumelar guaranteed on Saturday that the upcoming league would run as planned.
Mon, 12 Oct 1998
Estrada makes first foreign trip to Singapore
Estrada makes first foreign trip to Singapore SINGAPORE (Agencies): Philippine President Joseph Estrada arrived in Singapore on Sunday on his first state visit abroad since taking power 15 weeks ago.In keeping with his "man of the masses" appeal, Estrada's first scheduled event upon arrival was a...
Mon, 12 Oct 1998
Befuddled by banking policy
Befuddled by banking policyFrom MerdekaIt's simply fantastic -- the lobbying of prominent bankers has relegated the government to second place. The government is like a shadow forced to follow in the bankers' steps.
Mon, 12 Oct 1998
Reclamation halted on resort island
Reclamation halted on resort island JAKARTA (JP): The North Jakarta mayoralty has ordered a stop to reclamation work on Air resort island in the popular Thousand Islands chain in Jakarta Bay due to a lack of required permits.
Mon, 12 Oct 1998
Suggestions to Habibie
Suggestions to HabibieFrom Sinar PagiMr. Habibie, your government has been running for over three months. Things, however, have gone from bad to worse. Common people can hardly afford to buy the nine basic necessities, the rate of unemployment continues to rise and this country has now found itself...
Mon, 12 Oct 1998
Malaysia, RI to have small summit delegation
Malaysia, RI to have small summit delegation SINGAPORE (AP): As central bank governors, finance ministers and stock exchange chiefs meet for the World Economic Forum's East Asian summit this week, the two countries in the worst economic straits -- Indonesia and Malaysia -- will have only meager...
Mon, 12 Oct 1998
BI to keep tight monetary policy until worries over
BI to keep tight monetary policy until worries over BOGOR, West Java (JP): Bank Indonesia will stick to its tight monetary policy until worries over the rupiah exchange rate and inflation truly subside, director Achjar Iljas said here on Saturday.
Mon, 12 Oct 1998
APEC calls for investment in energy infrastructure
APEC calls for investment in energy infrastructure TOKYO (Agencies): Energy ministers from 21 Asian and Pacific nations called Saturday for continual investment in energy infrastructure to pull the region out of its economic crisis.
Mon, 12 Oct 1998
Govt stops issuing plantation licenses
Govt stops issuing plantation licenses JAKARTA (JP): The government has stopped issuing new licenses to open up forests for plantation estates as most investors have neglected the projects.Minister of Forestry and Plantations Muslimin Nasution said on Friday that only 1.4 million hectares (16.
Mon, 12 Oct 1998
Merpati reports Rp 300b loss for first semester
Merpati reports Rp 300b loss for first semester JAKARTA (JP): State-owned airline PT Merpati Nusantara Airlines suffered a loss of Rp 300.3 billion (US$33.37 million) in the first semester of this year, an increase of nearly 300 percent from Rp 77.39 billion in the same period of last year.
Mon, 12 Oct 1998
Tap water project targets Marunda's poor families
Tap water project targets Marunda's poor families JAKARTA (JP): British tap water company Thames Water will provide a Rp 1 billion (US$100,000) donation to finance the installation of an 11-kilometer pipeline project in the low- income Marunda subdistrict of North Jakarta.
Mon, 12 Oct 1998
Megawati gets it right with party lineup: Observers
Megawati gets it right with party lineup: ObserversBy Imanuddin & M.M.I. Ahyani DENPASAR (JP): Megawati Soekarnoputri has sidestepped potential ruptures in her faction of the splintered Indonesian Democratic Party (PDI) by appointing all of the right people to the executive board, according to an...
Mon, 12 Oct 1998
Wayang paintings on display
Wayang paintings on display JAKARTA (JP): Paintings of traditional Javanese wayang (puppets) are on display at Hotel Sari Pan Pacific through Oct. 23.The exhibition, held in cooperation with artists from the Hastara Art Community, is part of the hotel's Year of Art and Culture 1998 program.
Mon, 12 Oct 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:35 TV Series: The Big Valley 3:05 Talk Show: Sebaiknya Anda Tahu 3:30 TV Drama: Tamu Tak Diundang 4:00 Regional News 4:30 Creative Program: Karya Kita 5:00 Indonesian Lessons 5:30 Education Quiz: Tangkas Cermat 6:00 News: Lintasan Berita 6:05 Documentary:...
Mon, 12 Oct 1998
Rejuvenated rupiah may start to flag
Rejuvenated rupiah may start to flag JAKARTA (JP): The rupiah, which perked up to break through the psychological barrier of 9,000 against the U.S. dollar last week, is expected to take a breather from its surge and most probably lose ground due to selling pressure.
Mon, 12 Oct 1998
Former official gives back property
Former official gives back property BEKASI (JP): Former Bekasi deputy regent H. Dede Satibi has returned all the property belonging to the Bekasi administration he used during his tenure in office, an official said.