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Tue, 06 Oct 1998
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The new official conversion rates as the basis for payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export tax and income tax, valid from Oct. 5 to Oct. 11: U.S dollar 1 Rp 10,750.00Austrian shilling 1 912.
Tue, 06 Oct 1998
Govt's latest denial of mid-May rapes lambasted
Govt's latest denial of mid-May rapes lambasted JAKARTA (JP): Repeated government denials that scores of women were raped during the mid-May riots, the latest coming from Minister of Defense and Security/Armed Forces Commander Gen. Wiranto on Sunday, have again come under fire.
Tue, 06 Oct 1998
Economy contracts 13.59% in first nine months
Economy contracts 13.59% in first nine months JAKARTA (JP): The country's gross domestic product (GDP) contracted 13.59 percent in the first nine months of 1998 compared to the same period last year, the head of the Central Bureau of Statistics (BPS), Sugito Suwito, said on Monday.
Tue, 06 Oct 1998
Rubber producers state preference for INRO
Rubber producers state preference for INRO JAKARTA (JP): Local rubber producers said on Monday that they would prefer the government to maintain its membership of the International Natural Rubber Organization (INRO) because the group was still needed to keep global prices stable.
Tue, 06 Oct 1998
Games organizer begs off paying insurance pledge
Games organizer begs off paying insurance pledge JAKARTA (JP): Almost a year after its grandiose finale, the 19th Southeast Asian (SEA) Games is in the throes of yet another in a long line of financial woes after its underwriting consortium admitted it cannot afford to pay life insurance premiums...
Tue, 06 Oct 1998
'Tempo' set to hit streets again today
'Tempo' set to hit streets again today JAKARTA (JP): With a cover story on the mass rapes during May's rioting, newsweekly magazine Tempo will be back on newsstands on Tuesday, four years after Soeharto's government revoked its license.
Tue, 06 Oct 1998
Capital control issues boost rupiah, hit stocks
Capital control issues boost rupiah, hit stocks JAKARTA (JP): The rupiah rallied on Monday to close at 10,575 against the U.S. dollar on news that the government was considering tightening the monitoring of capital flows into and out of the country, currency dealers said.
Tue, 06 Oct 1998
Pertamina to ax insurance ties with Tugu Pratama
Pertamina to ax insurance ties with Tugu Pratama JAKARTA (JP): State oil and gas company Pertamina will not renew its insurance contracts with its affiliated insurance company PT Tugu Pratama Indonesia as part of its commitment to rid its business of corruption, collusion and nepotism.
Tue, 06 Oct 1998
Bambang faults int'l bankers for unplanned lending
Bambang faults int'l bankers for unplanned lending WASHINGTON (Agencies): Bankers and investors around the world share the blame for Indonesia's financial crisis because they based investment decisions on market sentiment without enough information to fairly assess risks, Indonesia's finance...
Tue, 06 Oct 1998
Six contractors win water pipeline job
Six contractors win water pipeline job JAKARTA (JP): Six local contractors have won a contract worth about Rp 7 billion (US$636,000) for the extension of the water distribution network in the western half of Jakarta.
Tue, 06 Oct 1998
Anwar gets four weeks to prepare his defense
Anwar gets four weeks to prepare his defense KUALA LUMPUR (Agencies): A Malaysian High Court gave lawyers of ousted deputy premier Anwar Ibrahim on Monday four weeks to prepare their defense against four of 10 corruption and sodomy charges against him.The High Court refused bail and set Nov.
Tue, 06 Oct 1998
Two arrested for stealing train cables
Two arrested for stealing train cables JAKARTA (JP): Police have said they caught two youngsters red- handed stealing train traffic system cables from railway tracks in Depok late on Sunday.City police spokesman Lt. Col.
Tue, 06 Oct 1998
Students stage protests to demand ABRI quit politics
Students stage protests to demand ABRI quit politics JAKARTA (JP): Thousands of students across Java greeted the Armed Forces' (ABRI) 53rd anniversary on Monday with street demonstrations to demand the military quit the country's political stage.
Tue, 06 Oct 1998
ABRI to be firm against rioters
ABRI to be firm against rioters JAKARTA (JP): Minister of Defense and Security/Armed Forces (ABRI) Commander Gen. Wiranto said on Monday the military would take firm action against any efforts to disrupt the government's reform agenda.
Tue, 06 Oct 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:35 Children's Film: The Big Valley 3:05 My Motherland 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: Catatan Perjalanan 6:15 Sports: Monitor Olah...
Tue, 06 Oct 1998
The costs of RI's monetary crisis
The costs of RI's monetary crisisBy C.J. de Koning JAKARTA (JP): The impact of Indonesia's monetary crisis can be illustrated by some distressing statistics:* More than 70 million people out of a population of 205 million have fallen below the poverty line.
Tue, 06 Oct 1998
Art Summit schedule
Art Summit schedule Oct. 6-7: Dance, Kembang Sampah (Garbage Flowers), Miroto (Indonesia), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892).Oct. 7-8: Music, No World Improvisations, Jin Hi Kim (USA), Taman Ismail Marzuki (TIM), Jl.
Tue, 06 Oct 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 5, 1998: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 200 0 0 Alumindo Light Metal 250 0 3,000 Alumindo Perkasa 225 0 0...
Tue, 06 Oct 1998
Govt's liquidity loan policy confusing
Govt's liquidity loan policy confusing The government has extended by one year the deadline for the repayment of liquidity support loans to ailing banks. Lawyer Todung Mulya Lubis looks at the legal impact of the delay.
Tue, 06 Oct 1998
SE Asian monies steady against U.S. dollar
SE Asian monies steady against U.S. dollar SINGAPORE (Dow Jones): Southeast Asian currencies were mostly steady against the U.S. dollar in late Asian trading Monday, with the short-term outlook for the region's currencies varying between flat to slightly higher, market participants say.
Tue, 06 Oct 1998
Buddha images stolen in Bangkok
Buddha images stolen in Bangkok BANGKOK (AP): A band of burglars broke into a Bangkok shop and stole six Buddha images and other religious artifacts worth 300,000 baht (US$7,500), police said on Monday.
Mon, 05 Oct 1998
Rate ceiling for Oct. 5 - Oct. 11
Rate ceiling for Oct. 5 - Oct. 11 Time deposit Maximum rate Maximum rate Rp deposit (%) $ deposit (%)-------------------------------------------------1-month 66 153-month 61 156-month 50 1512-month 48 1524-month 29 18 Maximum overnight rate for rupiah : 52 percentMaximum overnight rate for U.S.
Mon, 05 Oct 1998
Management consultants find their market wilting
Management consultants find their market wilting JAKARTA (JP): Local management consultancies are suffering a sharp downturn in revenue because businesses have phased out their usual spending on their services in the crisis, a top industry executive has said.
Mon, 05 Oct 1998
PAL confirms it's to take off again
PAL confirms it's to take off again MANILA (AP): Philippine Airlines publicly announced Sunday it was reopening after forging a no-strike deal with its largest union, though militant workers vowed to continue opposing the deal.
Mon, 05 Oct 1998
Separatists protest in Manokwari
Separatists protest in Manokwari JAKARTA (JP): Security personnel fired warning shots to disperse 500 separatists as they tried on Saturday to enter the pier area of the port of Manokwari, on the northwest tip of the mineral-rich province of Irian Jaya, Antara reported on Saturday.
Mon, 05 Oct 1998
Japanese tourist dies rafting
Japanese tourist dies rafting JAKARTA (JP): A 24-year-old Japanese tourist, Fusano Tominaga was killed last month when the white-water rafting boat he rented with four friends capsized on the Ayung river in Carangsari village, Bali.Tominaga's body was found on Sept. 24, one day after the incident.
Mon, 05 Oct 1998
Art Summit schedule of events
Art Summit schedule of events Oct. 6-7: Dance, Kembang Sampah (Garbage Flowers), Miroto (Indonesia), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892).Oct. 7-8: Music, No World Improvisations, Jin Hi Kim (USA), Taman Ismail Marzuki (TIM), Jl.
Mon, 05 Oct 1998
Spouses told to help ministers in crisis
Spouses told to help ministers in crisis JAKARTA (JP): First Lady Hasri Ainun Habibie urged the wives of ministers of the Reform Development Cabinet on Saturday to help the government in overcoming the current economic turmoil.
Mon, 05 Oct 1998
Australia's Cini rules the RI motocross roost
Australia's Cini rules the RI motocross roost BOGOR, West Java (JP): Adam Cini of Australia outwitted local riders by capturing the 125cc and 250cc titles on his Indonesian motocross championships debut at the Lido circuit here on Sunday.
Mon, 05 Oct 1998
Dayak, Madurese relations still tense
Dayak, Madurese relations still tense MENJALIN, West Kalimantan (JP): "Dayaks are just like bees. Disturb one of them and the whole nest will react," explains one Chinese-Indonesian in Sei Pinyuh, some 50 kilometers north of the provincial capital, Pontianak.
Mon, 05 Oct 1998
Govt seen printing more money to recapitalize banks
Govt seen printing more money to recapitalize banks SEMARANG (JP): Economist Sri Mulyani Indrawati predicted Saturday that the government would have no other choice but to print more money to recapitalize ailing banks.
Mon, 05 Oct 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Bias-Bias Akuarel, at the Hilton Executive Club, Jl. Gatot Subroto, South Jakarta, 10 a.m. to 9 p.m., until Oct. 9. * Painting Exhibition: Ungkapan Dunia-Dalam, by Nasirun and Pupuk DP., at Galeri Santi, Jl. Benda No.
Mon, 05 Oct 1998
Govt limits rattan exports
Govt limits rattan exports JAKARTA (JP): A new regulation has limited exports of processed rattan and sawn timber in a bid to protect local companies.Only designated types of processed rattan can be exported under a decree issued by Minister of Trade and Industry Rahardi Ramelan last week.
Mon, 05 Oct 1998
More retired servicemen join Megawati's PDI camp
More retired servicemen join Megawati's PDI camp JAKARTA (JP): As the Megawati Soekarnoputri faction of the Indonesian Democratic Party (PDI) continues to prepare for its planned party congress in Bali, more retired Armed Forces (ABRI) officers and national figures have joined and pledged their...
Mon, 05 Oct 1998
Manila helps sugar industry
Manila helps sugar industry BACOLOD CITY, Philippines (DPA): The Philippine government will spend some 40 billion pesos (US$909 million) for a five-year program to rehabilitate its ailing sugar industry."We have launched a modernization plan for the sugar industry.
Mon, 05 Oct 1998
Officials warn Jakartans against tempting thieves
Officials warn Jakartans against tempting thieves JAKARTA (JP): Governor Sutiyoso and City Council Speaker Edy Waluyo warned Jakartans on Friday not to make ostentatious displays of wealth in public areas due to a growing number of violent robberies in the capital.
Mon, 05 Oct 1998
Tycoon tells graduates to find jobs in villages
Tycoon tells graduates to find jobs in villages JAKARTA (JP): Business tycoon Ciputra told fresh university graduates on Saturday to seek jobs in villages and areas outside Java as many of those places were less seriously affected by the severe economic crisis.
Mon, 05 Oct 1998
Nichimen to import RI logs
Nichimen to import RI logs OSAKA (Nikkei): Nichimen Corp. will resume importing logs from Indonesia, company sources said Friday, according to The Nihon Keizai Shimbun Saturday morning edition.The transaction will be the first Japanese trading firm to do so in 13 years, the newspaper said.
Mon, 05 Oct 1998
Will we still need overland phone line in future?
Will we still need overland phone line in future?By Zatni Arbi JAKARTA (JP): Even today, getting a new phone line from our PT Telkom can be as difficult as giving the cat a full bath. The installation cost may have dropped significantly in the past few years and the services have improved a lot,...
Mon, 05 Oct 1998
Wiranto promises new ABRI style
Wiranto promises new ABRI style JAKARTA (JP): The Armed Forces (ABRI) celebrates its 53rd anniversary on Monday by taking a hard look at its image, pledging solutions to some rights violations, and pleading against being seen as "cruel murderers and destroyers" who inflicted suffering on people.
Mon, 05 Oct 1998
Rp 13.5b paid by social security
Rp 13.5b paid by social security TANGERANG (JP): The local office of state social security agency PT Jamsostek has paid out Rp 13.51 billion to 2,649 members in the first nine months of the year, its chief said on Friday.Salim R.H.
Mon, 05 Oct 1998
ASEAN to hasten tariff cuts
ASEAN to hasten tariff cuts MANILA (Reuters): Members of the Association of South East Asian Nations (ASEAN) are planning to hasten economic integration and tariff cuts on 3,000 products to spur trade within the crisis-hit region, a senior Philippine official said on Friday.
Mon, 05 Oct 1998
Bulog to auction wheat stocks to private firms
Bulog to auction wheat stocks to private firms JAKARTA (JP): The State Logistics Agency (Bulog) will auction about 900,000 metric tons of wheat flour from its stocks to private companies following the removal of the government's subsidy on the commodity.
Mon, 05 Oct 1998
Are there alternatives to ABRI's dual function?
Are there alternatives to ABRI's dual function?By Aleksius Jemadu BANDUNG (JP): As public criticism mounts against the Armed Forces' (ABRI) socio-political role, it is worth looking into alternatives to its current dual function policy.
Mon, 05 Oct 1998
Death toll in E. Java killing may rise to 100
Death toll in E. Java killing may rise to 100 JAKARTA (JP): The death toll of murdered people in East Java's mysterious killings may soon rise to more than 100, given reports that eight people have been found dead in similar circumstances in Jember regency.
Mon, 05 Oct 1998
ABRI should drop its political role
ABRI should drop its political role As Indonesia celebrates the 53rd anniversary of its Armed Forces (ABRI) today, political sciences lecturer Mochtar Mas'oed of Gadjah Mada University in Yogyakarta stresses the necessity to realign the political role of ABRI to accelerate the democratization...
Mon, 05 Oct 1998
Stock market set to remain bearish
Stock market set to remain bearish JAKARTA (JP): Stock prices in the local market are expected to plummet further this week in line with the global market's bearish trend.The rupiah, however, is likely to continue gaining more leverage with the slight improvement in the country's monetary...
Mon, 05 Oct 1998
Police arrest three alleged Ecstasy dealers
Police arrest three alleged Ecstasy dealers JAKARTA (JP): Police arrested three alleged members of a drug- dealing ring early on Saturday and confiscated 2,867 Ecstasy pills, 150 grams of amphetamine-derivative shabu-shabu, two drug processing machines and Rp 390 million (US$35,454) in cash.
Mon, 05 Oct 1998
Bambang says inflation rate will drop sharply
Bambang says inflation rate will drop sharply WASHINGTON (Dow Jones): Indonesian Finance Minister Bambang Subianto said Friday Indonesia's rate of inflation will drop sharply in coming months and that since June the base money supply, Indonesia's key monetary indicator, has shown no growth.
Mon, 05 Oct 1998
Govt urged to give income supplement
Govt urged to give income supplement JAKARTA (JP): The government should provide an income supplement to the needy, instead of subsidized food staple, in a bid to encourage diversification of staple foods, agriculture analysts suggested on Sunday.