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Wed, 30 Sep 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Bali's conversion rates on Sept. 29, 1998: TT rates Bank notes rates ------------------------------------------ Buying Selling Buying Selling Rp Rp Rp Rp U.S dollar 1 10,575.00 10,775.00 10,575.00 10,825.00 Austrian schilling 1 863.30 933.
Wed, 30 Sep 1998
Tangerang council elects new mayor
Tangerang council elects new mayor JAKARTA (JP): Tangerang's mayoralty council chose the township's secretary as its new mayor in elections on Tuesday safeguarded by as many as 300 security personnel.Mayoralty Secretary Mochammad Thamrin garnered 19 of the 45 available votes during a plenary...
Wed, 30 Sep 1998
Govt funds bank recapitalization
Govt funds bank recapitalization JAKARTA (JP): Domestic commercial banks with capital adequacy ratios (CAR) of between minus 25 percent and plus 4 percent will have to participate a recapitalization program in which the government will provide up to 80 percent of the required funds, Bank Indonesia...
Wed, 30 Sep 1998
Japan set to propose SE Asia initiative
Japan set to propose SE Asia initiative TOKYO (Reuters): Japan is set to propose a fresh plan to ease the pain being suffered by Southeast Asian nations, while suggesting ways to control the rapid short-term capital flows that have devastated emerging market economies, government officials and...
Wed, 30 Sep 1998
PAL, Nuovo, Total in deal
PAL, Nuovo, Total in deal JAKARTA (JP): State shipbuilder PT PAL Indonesia, in cooperation with GE Nuovo Pignone, part of General Electric Power Systems division, has won a contract to supply compression modules to oil and gas producer Total Indonesie.
Wed, 30 Sep 1998
Suspect's lawyer to disclose more names in rice scandal
Suspect's lawyer to disclose more names in rice scandal JAKARTA (JP): R. Rambe, one of the team of lawyers of Ahmad Zawawi, currently the sole suspect in the illegal rice distribution in the capital, said on Tuesday that he was ready to disclose other officials involved in the illegal practices.
Wed, 30 Sep 1998
Govt to file new freedom of expression bill
Govt to file new freedom of expression bill JAKARTA (JP): The government plans to submit a second bill seeking to regulate freedom of expression after withdrawing the first one on Tuesday amid signs that the legislation would not have passed the House of Representatives' scrutiny.
Wed, 30 Sep 1998
Taufik, Susanto warm up in Bali
Taufik, Susanto warm up in Bali JAKARTA (JP): Taufik Halai and Susanto Megaranto will compete in the Bali Jeff Open chess tournament later this week to hone their skills prior to the junior world chess championship.
Wed, 30 Sep 1998
Asian Games'98 to field a record 43 national teams
Asian Games'98 to field a record 43 national teams JAKARTA (Agencies): Despite Asia's economic crisis, the 13th Asian Games will live up to its billing as the last great sports festival of the century as all 43 members of the Olympic Council of Asia (OCA) will be participating in the event to be...
Wed, 30 Sep 1998
INRO sees progress at October talks
INRO sees progress at October talks SINGAPORE (Reuters): The International Natural Rubber Organization (INRO) expects to make progress by the end of October on healing a rift that threatens to scupper the accord, a top INRO official said on Tuesday.
Wed, 30 Sep 1998
BDF expands plant
BDF expands plant JAKARTA (JP): The ministry of health's director general of drug and food control, Sampurno, inaugurated on Monday the expansion of factory and warehouse facilities of pharmaceutical, medical devices and cosmetic producer PT Beiersdorf Indonesia (BDF) in Singosari, Malang, East...
Wed, 30 Sep 1998
Disable workers ask government to save workshop
Disable workers ask government to save workshop JAKARTA (JP): Employees of Swa Prasidya Purna industrial workshop for the handicapped have urged the government to help them continue to run their business, which has been closed down by its operator.
Wed, 30 Sep 1998
Govt says Megawati must guarantee security and order
Govt says Megawati must guarantee security and order JAKARTA (JP): The government is allowing Megawati Soekarnoputri to continue with plans to hold a congress of her Indonesian Democratic Party (PDI) faction in Bali as long as she can guarantee security and order on the popular tourist island.
Wed, 30 Sep 1998
Asia's silence on Anwar arrest a concern: Groups
Asia's silence on Anwar arrest a concern: Groups TOKYO (AFP): Malaysia's treatment of ousted deputy premier Anwar Ibrahim, who appeared in court on Tuesday bruised and complaining of a severe police beating, has raised little protest in Asia.
Wed, 30 Sep 1998
Hopping mad hunters stay up all night in Purwokerto
Hopping mad hunters stay up all night in PurwokertoBy Agus Maryono and Ngudi Utomo PURWOKERTO, Central Java (JP): Frog's legs are a speciality served in certain restaurants only. Some people may be averse to the idea of eating frogs.
Wed, 30 Sep 1998
Political moves key to economic cure
Political moves key to economic cureBy Sofyan Wanandi The following article is based on a paper presented at the "Indonesia Update 1998" Conference in Melbourne from Sept. 25 to Sept. 26, 1998. This is the first of two articles.
Wed, 30 Sep 1998
RI eyes Asiad volleyball quarters berth
RI eyes Asiad volleyball quarters berth JAKARTA (JP): Indonesia expects to go no further than the quarterfinals in the Asian Games men's volleyball competition due to a tough draw, national team training director Suharsono said on Tuesday.
Wed, 30 Sep 1998
KIPP plans to monitor next year's elections
KIPP plans to monitor next year's elections JAKARTA (JP): The Independent Election Monitoring Committee (KIPP), which reported numerous violations in the 1997 elections, has started planning to watch over the upcoming election scheduled for May 1999.KIPP coordinator Mulyana W.
Wed, 30 Sep 1998
Habibie summons aides over office decoration
Habibie summons aides over office decoration JAKARTA (JP): President B.J. Habibie summoned on Tuesday two cabinet ministers, the chairman of the National Institute of Sciences (LIPI) Sofjan Tsauri, and three cultural experts to assist him in the construction of his new office at Merdeka Palace.
Wed, 30 Sep 1998
Fire destroys hundreds of artworks in Bandung
Fire destroys hundreds of artworks in Bandung BANDUNG (JP): Fire destroyed an art gallery on a main downtown street early Tuesday, reportedly incinerating hundreds of works by famous artists, including at least one piece by the late Affandi.In addition to the damage to Galeri Braga at Jl.
Wed, 30 Sep 1998
Spotlight
SpotlightPhoto A: KoreanKorindoSTUDENT SCHOLARSHIPS: Korindo chairman Seung Eun Ho (right) greets University of Indonesia rector Asman Boedisantoso at a presentation ceremony for scholarships to 110 first-year students unable to pay their tuition due to the crisis.
Wed, 30 Sep 1998
Sergeant gives up for shooting
Sergeant gives up for shooting JAKARTA (JP): A serviceman, who allegedly shot to death a public bus crew during a clash on Saturday, has given himself up to the City Military Police for further investigation, an officer said.
Wed, 30 Sep 1998
SBI interest policy 'costly, less effective'
SBI interest policy 'costly, less effective' JAKARTA (JP): Bank Indonesia's policy of offering high interest rates for its SBI promissory notes was costly and could not be sustained for a longer period, an economist at state-owned investment firm PT Danareksa Sekuritas said on Tuesday.
Wed, 30 Sep 1998
Suggestion for PEPABRI
Suggestion for PEPABRIFrom Media IndonesiaIt won't sound strange to hear in this reform era a statement to the effect that the big family of the Armed Forces (ABRI) will continue to channel their aspirations through the Functional Group (Golkar).
Wed, 30 Sep 1998
Cemex wins bid to buy stake in Semen Gresik
Cemex wins bid to buy stake in Semen Gresik JAKARTA (JP): Mexico's Cemex SA has finally won the second round bidding for a 14 percent government stake in publicly listed cement producer PT Semen Gresik, a senior official confirmed on Tuesday.
Tue, 29 Sep 1998
Economic woes force 12,000 W. Java students to drop out
Economic woes force 12,000 W. Java students to drop out JAKARTA (JP): Twelve thousand West Java elementary school students can no longer afford education, according to the head of the West Java education and culture office.
Tue, 29 Sep 1998
Soeharto's assets abroad 'must be seized'
Soeharto's assets abroad 'must be seized' JAKARTA (JP): A scholar and prominent critic of former president Soeharto, George Junus Aditjondro, urged the government on Monday to call on friendly foreign states to confiscate all assets in their countries linked to Soeharto.
Tue, 29 Sep 1998
Jakarta should not copy Malaysia's capital controls
Jakarta should not copy Malaysia's capital controlsBy Eddy Soeparno JAKARTA (JP): It is just amazing how an economist's views published in a magazine had a larger-than-life impact on a nation's economy and practically changed the course (and maybe fate?) of that nation in an increasingly global...
Tue, 29 Sep 1998
Man faces four years in prison for scam
Man faces four years in prison for scam JAKARTA (JP): A prosecutor urged the Central Jakarta District Court on Monday to sentence a 50-year-old man to four years in prison for allegedly defrauding hospital donors of a total of Rp 815 million (US$74,090).
Tue, 29 Sep 1998
Habibie's son heading trade delegation to Taiwan
Habibie's son heading trade delegation to Taiwan TAIPEI (Dow Jones): Ilham Habibie, son of Indonesian President B.J. Habibie, is heading a delegation visiting Taiwan to discuss cooperation opportunities, especially in the aerospace industry, the Taipei trade office in Jakarta said Monday.
Tue, 29 Sep 1998
Government wants antimonopoly law in place by December
Government wants antimonopoly law in place by December JAKARTA (JP): The government is targeting to have an antimonopoly law on the books by the end of the year to foster healthier business competition in the country, an official said Monday.
Tue, 29 Sep 1998
Ex-owner of Bank Surya, government reach deal
Ex-owner of Bank Surya, government reach deal JAKARTA (JP): The country's financial authorities have signed a deal with the former owner of closed down Bank Surya to return Bank Indonesia's liquidity support, chairman of the Indonesian Bank Restructuring Agency (IBRA) Glenn S.
Tue, 29 Sep 1998
Two reporters to be questioned
Two reporters to be questioned YOGYAKARTA: Police planned on Monday to summon two reporters from the local Bernas daily as witnesses in their questioning of Soekardjo Wilardjito -- a former aide of Sukarno who claimed that the founding president was intimidated into relinquishing power to Soeharto.
Tue, 29 Sep 1998
Habibie approves Sultan's governorship
Habibie approves Sultan's governorship JAKARTA (JP): Yogyakarta's traditional monarch Sri Sultan Hamengkubuwono X has won the president's approval and will soon be installed as the new governor of the special province.
Tue, 29 Sep 1998
WB responsible for abused loans
WB responsible for abused loansBy Jeffrey A. Winters LONDON (JP): The current debate over the World Bank, corruption, and Indonesia has come down to a single key question: is the Bank justified in washing its hands of responsibility for the corruption of almost US$10 billion in Bank loan funds and...
Tue, 29 Sep 1998
Broken CT scanner puts death rate up
Broken CT scanner puts death rate up MANADO, North Sulawesi: The number of victims of traffic accidents who died of head injuries here increased by 50 percent after the CT scanner in the town's Malalayang Hospital broke down, Antara said on Monday.The news agency quoted resident neurologist Dr.
Tue, 29 Sep 1998
Open skies policy limited to charter flights only
Open skies policy limited to charter flights only JAKARTA (JP): The government's recent decision to allow international airlines to fly from their home bases to all major destinations in Indonesia is being limited to chartered flights and will not apply to scheduled services.
Tue, 29 Sep 1998
Heavy security for mayoral election
Heavy security for mayoral election TANGERANG (JP): Tight security surrounded the Tangerang Legislative Council on Monday following rumors of a major demonstration before the mayoral election scheduled for Tuesday.
Tue, 29 Sep 1998
Requesting U.S. visa
Requesting U.S. visa Is America closed for young tourists from Indonesia? That is what I am wondering.My niece applied for a tourist visa to visit the States. The trip was offered by a family member (who is working outside Indonesia and wishes to accompany her) for her successful completion of a...
Tue, 29 Sep 1998
Mercure's inhouse training
Mercure's inhouse training JAKARTA (JP): Mercure Rekso Hotel Hayam Wuruk recently held a three-week training program to improve the skills of its 250 employees.Mercure's public relation manager Mirna A.
Tue, 29 Sep 1998
Modest festival showcases quality pieces for art lovers
Modest festival showcases quality pieces for art loversBy Stevie Emilia and Yudha Kartohadiprodjo JAKARTA (JP): Dances and music performed by renowned artists at the Indonesian Art Summit II have been able to help some Jakartans forget the rat race of the economic crisis.
Tue, 29 Sep 1998
Rupiah closes firmer against U.S. dollar
Rupiah closes firmer against U.S. dollar JAKARTA (JP): The rupiah closed slightly firmer at 10,875 against the U.S. dollar on Monday, with positive sentiment from disbursement of International Monetary Fund loans tempered by fears of renewed unrest.
Tue, 29 Sep 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Bali's bank notes conversion rates on Sept. 28, 1998: Buying Selling Rp Rp U.S. dollar 1 10,825 11,075 Australian dollar 1 6,130 6,530 Brunei dollar 1 6,075 6,425 Swiss franc 1 7,440 8,040 Deutschemark 1 6,090 6,640 French franc 1 1,700 2,020 Poundsterling 1...
Tue, 29 Sep 1998
Lawyer criticizes bankruptcy fee
Lawyer criticizes bankruptcy fee JAKARTA (JP): A corporate lawyer has criticized a justice ministry decision to impose a 3 percent commission fee for administrators and a 2 percent fee for curators in bankruptcy cases.
Tue, 29 Sep 1998
Can't Indonesians enjoy own country?
Can't Indonesians enjoy own country? I had two weeks annual leave from my job and wanted to take my child away for one weekend. I had saved for this all year. I thought that this trip might also help the tourism trade in a small way.
Tue, 29 Sep 1998
Avoid dependency on foreign capital
Avoid dependency on foreign capital The year long economic crisis is getting worse, despite the reform measures prescribed by the International Monetary Fund (IMF). Economist Kwik Kian Gie looks at the elements behind the crisis.
Tue, 29 Sep 1998
Faulty bank owners 'banned from banking'
Faulty bank owners 'banned from banking' JAKARTA (JP): Former owners of suspended and nationalized banks will be barred from reentering the banking industry if it's proven they've committed banking crimes, according to a director of the central bank.
Tue, 29 Sep 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 Sept. 28 to Oct. 4 : U.S. dollar 1 Rp 10,500.00 Austrian shilling 1 886.
Tue, 29 Sep 1998
Hopewell Holdings Limited
Hopewell Holdings Limited We refer to your article on Sept. 24, 1998 headlined PLN welcomes Hopewell decision on Tanjung Jati, in which it said "Hopewell holds an 80 percent stake in PT CEPA Indonesia, the owner of the project.
Tue, 29 Sep 1998
Art Summit schedule of performances
Art Summit schedule of performancesPerformance Schedule: Sept. 29-30: Theater, Suku Naga (Dragon Tribe), Bengkel Teater Rendra (Indonesia), Taman Ismail Marzuki (TIM), Jl. Cikini Raya 73, Central Jakarta (Phone: 3154087). Oct. 1-2: Ballet, Also Egmont, Bitte.