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Fri, 25 Sep 1998
German firms venturing RI
German firms venturing RI FRANKFURT (DPA): German firms are taking advantage of bargain prices to invest in Indonesia, with investments in the first half of 1998 already having surpassed those for all of last year, German Economics Minister Guenter Rexrodt said Wednesday.
Fri, 25 Sep 1998
One missing as flood hits West Sumatra
One missing as flood hits West Sumatra JAKARTA (JP): At least one resident was missing in flood waters on Thursday in the Agam regency in West Sumatra from where 600 people have been evacuated.Agam regent Ismu Nazif said that apart from the missing resident, material losses were estimated at Rp 1.
Fri, 25 Sep 1998
Four charged with spreading rumors
Four charged with spreading rumors KUALA LUMPUR (Reuters): Four people were charged in Malaysian courts on Thursday with spreading rumors of riots last month on the Internet, the first cases of their kind in the country, the official Bernama news agency said.
Fri, 25 Sep 1998
WB delays loan to Malaysia
WB delays loan to Malaysia KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad said Thursday that the World Bank was delaying a loan to Malaysia because of confusion over Kuala Lumpur's recently introduced capital controls.
Fri, 25 Sep 1998
Security beefed up for Habibie
Security beefed up for Habibie MANADO, North Sulawesi: Military and police officers totaling 2,600 personnel will secure Saturday's scheduled arrival of President B.J. Habibie in Manado.Governor E.E. Mangindaan said anticipation of demonstrations were part of the security measures, although he...
Fri, 25 Sep 1998
Police seize drug stash
Police seize drug stash MEDAN, North Sumatra (JP): Seven Medan residents have been arrested for allegedly distributing cocain and shabu-shabu, a form of low-grade heroin, police said on Thursday.Police raided several suspected drug dealer hideouts and were able to haul in 10 grams of cocain and...
Fri, 25 Sep 1998
Fischer says APEC now facing 'challenging times'
Fischer says APEC now facing 'challenging times' CANBERRA (Bloomberg): Australia's Trade Minister Tim Fischer said the Asia-Pacific Economic Cooperation group faces "challenging times" in the lead up to a November meeting in Malaysia, though it is still a "valuable organization" that Australia will...
Fri, 25 Sep 1998
Risk reduction strategy needed
Risk reduction strategy neededBy C.J. de Koning JAKARTA (JP): A world-wide discussion has started about the merits of global capitalism and of short-term capital flows, a subject especially urgent in view of the economic contagion spreading to many developing countries and now threatening the...
Fri, 25 Sep 1998
Japan's Butoh troupe to show dance talent
Japan's Butoh troupe to show dance talent JAKARTA (JP): Young male and female dancers move slowly on the bamboo stage, twisting their bodies to the rhythmical music as though possessed by spirits.Their faces are covered with white powder, accentuating their unearthly appearance, evoking images of...
Fri, 25 Sep 1998
Soeharto 'expected to cooperate'
Soeharto 'expected to cooperate' JAKARTA (JP): Minister of Justice Muladi urged former president Soeharto on Thursday to cooperate and not hamper the investigation into his wealth, which many people believe was amassed illegally during his 32-year rule.
Fri, 25 Sep 1998
Australia and RI strive to revive cattle trade
Australia and RI strive to revive cattle trade SYDNEY (Bloomberg): Australia and Indonesia are trying to revive Indonesia's live cattle trade, halted last year when Indonesia's currency collapsed."There are meetings right now in Jakarta between government and industry to discuss resumption of trade...
Fri, 25 Sep 1998
Solid Asian telecoms safe havens in storm
Solid Asian telecoms safe havens in stormBy Chris Johnson BANGKOK (Reuters): Well-established Asian telecoms companies are some of the safest havens and potentially most lucrative investments during the region's economic storm, industry analysts said on Thursday.
Fri, 25 Sep 1998
Irianese deserve better life
Irianese deserve better life This is in response to Mr. Edward J. Pressman's letter Freeport's social commitment in The Jakarta Post on Sept. 19.Your statements (with all the supporting figures) about the situation in Irian Jaya when Freeport first arrived in l967 and all the good fortune and favor...
Fri, 25 Sep 1998
Pirated CD-ROMs seized in Mangga Dua crackdown
Pirated CD-ROMs seized in Mangga Dua crackdown JAKARTA (JP): Acting on a tip-off, detectives from the National Police have seized 320 items of pirated CD-ROMs from five stores at the city's popular ITC electronic shopping center at Mangga Dua, North Jakarta.
Fri, 25 Sep 1998
Global impact of Asia crisis 'to be worse than expected'
Global impact of Asia crisis 'to be worse than expected' GENEVA, Switzerland (Reuters): Bankers and economists at a business symposium on Wednesday held out little hope for any rapid recovery for troubled Asian economies and said the impact on other countries may be worst than expected.
Fri, 25 Sep 1998
On free exchange system
On free exchange system This letter is intended as a response to Mr. Rachmat Basoeki Soeropranoto's letter 'Abolish free exchange system' from Merdeka as published by The Jakarta Post on Sept. 14.First of all, I would like to duly suggest that I, too, am not very excited about the idea of a free...
Fri, 25 Sep 1998
ABRI undecided over Megawati's congress permit
ABRI undecided over Megawati's congress permit JAKARTA (JP): The government was still considering whether to grant a permit for the ousted leader of the splintered Indonesian Democratic Party (PDI), Megawati Soekarnoputri, to hold a party congress in Bali next month.
Fri, 25 Sep 1998
Indonesian laws weak
Indonesian laws weak We have of late been "entertained" by various opinions and stories in your paper on former president Soeharto's wealth and the urgency for a quick inquiry. In general I personally agree with an article on this subject written by Michael Richardson and Philip Segal for the...
Fri, 25 Sep 1998
Ministry revoked 86 timber permits over last 10 years
Ministry revoked 86 timber permits over last 10 years JAKARTA (JP): The government revoked logging contracts of at least 86 companies from 1988/1989 until April this year for contravening forestry regulations, a top official of the Ministry of Forestry and Plantations said on Thursday.
Fri, 25 Sep 1998
Rotten rice sent to Fakfak
Rotten rice sent to Fakfak FAKFAK, Irian Jaya: The provincial office of the State Logistics Agency (Dolog) here will sue the shipping company which transported rice to the regency after 200 metric tons of 500 tons were discovered to be spoiled.
Fri, 25 Sep 1998
Riots investigation team will meet Officers Honor Council
Riots investigation team will meet Officers Honor Council JAKARTA (JP): The government-sponsored team investigating the May riots is to meet the military Officers Honor Council (DKP) to confirm its belief there were links between the unrest and the abductions of political activists and the shooting...
Fri, 25 Sep 1998
Poor eating cassava in Boyolali, W. Lombok
Poor eating cassava in Boyolali, W. Lombok JAKARTA (JP): Thousands of people in Boyolali, Central Java, and West Lombok, West Nusa Tenggara, have started eating dried cassava following failed harvests in the two regions.
Fri, 25 Sep 1998
Ancol to host fine arts jamboree
Ancol to host fine arts jamboree JAKARTA (JP): About 300 artists and craftsmen from across the country are to take part in the 10-day Fine Arts National Jamboree beginning on Friday at Jaya Ancol Arts Market in North Jakarta.
Fri, 25 Sep 1998
Debt accord offers little help: Experts
Debt accord offers little help: Experts JAKARTA (JP): Economists have said the government's agreement with the Paris Club creditor nations to reschedule US$4.2 billion of the country's sovereign debt will improve the balance of payments, but the impact on the overall economy will be small.
Fri, 25 Sep 1998
WB-funded projects poorly implemented
WB-funded projects poorly implemented JAKARTA (JP): Minister of Health Farid A. Moeloek acknowledged on Thursday the poor performance of projects aided by foreign funds in his ministry.He said the ineffective management of foreign funds had led to only 30 percent of the money being absorbed so far.
Fri, 25 Sep 1998
Family killed in landslide
Family killed in landslide DENPASAR, Bali: Four family members, including a pregnant woman, died in a landslide early Thursday in Selat district, Karangasem regency.The landslide buried the family residence in the Putung hamlet, Duda village, at 3 a.m., according to Maj. Y.
Fri, 25 Sep 1998
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Music 2:35 Cartoon: Warner Kartun 3:05 Music Lessons 3:30 Village Program 4:00 Regional News 4:30 Performance: Cakrawala Budaya 5:00 Music: Paket 27 5:30 Educational Quiz: Cerdas Cermat 6:00 News: Lintasan Berita 6:05 Documentary: Rona Nusantara 6:15...
Fri, 25 Sep 1998
Bangkok, Seoul could show signs of recovery soon: Economists
Bangkok, Seoul could show signs of recovery soon: Economists HONG KONG (Dow Jones): The bottom to Asia's economic contraction is nearest for Thailand and South Korea, according to Credit Lyonnais Asia Ltd.'s chief economist, Jim Walker. But Hong Kong has much further to adjust, he said.
Fri, 25 Sep 1998
Surabaya hit by rumors of rioting planned for Sept. 30
Surabaya hit by rumors of rioting planned for Sept. 30 SURABAYA, East Java (JP): The military has beefed up its presence in this provincial capital amid widespread rumors that large-scale demonstrations and even rioting are being planned for Sept. 30.
Fri, 25 Sep 1998
Dissident leader Anwar Ibrahim to face open trial
Dissident leader Anwar Ibrahim to face open trial KUALA LUMPUR (Agencies): Malaysian authorities announced on Thursday the country's dissident leader Anwar Ibrahim would soon go on open trial where the world could see he was safe and sound.
Fri, 25 Sep 1998
Recouping liquidity loans
Recouping liquidity loans The finance ministry's one-month blitzkrieg to force 10 suspended and four nationalized banks to repay about Rp 140 trillion (US$12.7 billion) in emergency liquidity finance from the central bank should satisfy the public's clamor for harsh measures against what have long...
Fri, 25 Sep 1998
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Arts Exhibition: Women in The Realm of Spirituality, by Sixteen Indonesian Women Artists, at The National Gallery, Jl. Medan Merdeka Timur 14, Central Jakarta, until Sept. 26.
Fri, 25 Sep 1998
Japanese firms raise stakes in Astra Daihatsu Motor
Japanese firms raise stakes in Astra Daihatsu Motor JAKARTA (JP): Japanese automaker Daihatsu Motor Co. and major trading house Nichimen Corp. agreed on Thursday to raise their stakes in PT Astra Daihatsu Motor, a subsidiary of Indonesia's largest automaker PT Astra International, to 50 percent...
Fri, 25 Sep 1998
City set to cut Hotel Mulia's fine by 25%
City set to cut Hotel Mulia's fine by 25% JAKARTA (JP): The city administration is prepared to give a 25 percent reduction in the Rp 20.5 billion (US$1.95 million) penalty slapped on Hotel Mulia for violating spatial permits.
Fri, 25 Sep 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Bali's bank notes conversion rates on Sept. 24, 1998: Buying Selling Rp Rp U.S. dollar 1 10,850.00 11,150.00Australian dollar 1 6,200.00 6,590.00Brunei dollar 1 6,075.00 6,425.00Swiss franc 1 7,450.00 8,050.00Deutschemark 1 6,140.00 6,690.00French franc 1 1,700.
Fri, 25 Sep 1998
Bank Universal looks for foreign partners
Bank Universal looks for foreign partners JAKARTA (JP): Publicly-listed Bank Universal is looking for foreign partners to strengthen its capital base and businesses in a time when the domestic banking industry is on the verge of collapse.
Fri, 25 Sep 1998
Firm's guards irked over dismissal
Firm's guards irked over dismissal JAKARTA (JP): At least 20 security guards working at concrete manufacturer PT Jaya Readymix (Jayamix) complained to the National Commission on Human Rights on Thursday over the company's refusal to pay wages and overtime.
Fri, 25 Sep 1998
Foreign airlines eye Garuda's maintenance unit
Foreign airlines eye Garuda's maintenance unit JAKARTA (JP): National flag carrier Garuda Indonesia is inviting international airlines to jointly operate the Garuda Maintenance Facility (GMF), according to an airline executive.
Fri, 25 Sep 1998
Fee for commercial court administrator 'too high'
Fee for commercial court administrator 'too high' JAKARTA (JP): Golf course and clubhouse developer PT Karabha Digdaya said on Thursday that the commercial court's decision to impose a five percent fee for the appointed administrator to take charge of its assets would be a further blow to its weak...
Fri, 25 Sep 1998
Thai baht strengthens to a record 1-month high
Thai baht strengthens to a record 1-month high SINGAPORE (Bloomberg): The Thai baht strengthened to its strongest in more than two months Thursday as other Southeast Asian currencies were little changed.Dealers said baht rose 0.8 percent to 40.13 to the U.S.
Fri, 25 Sep 1998
Shuttlers, lifter gets IOC scholarships
Shuttlers, lifter gets IOC scholarships JAKARTA (JP): Three badminton players and one weightlifter have been awarded two-year International Olympic Committee (IOC) Olympic Solidarity Scholarships.The National Sports Council announced on Thursday that the 1997 men's doubles world champions Candra...
Fri, 25 Sep 1998
Police call soothsayer over hateful quote
Police call soothsayer over hateful quote JAKARTA (JP): Police questioned noted soothsayer Gendeng Pamungkas on Thursday on suspicion of sowing public hatred toward Chinese-Indonesians.Dressed in a blue checkered shirt and dark pants, Gendeng, alias N.M.H.
Fri, 25 Sep 1998
Tons of oil found at port
Tons of oil found at port CILACAP, Central Java (JP): Port authorities discovered 200 metric tons of cooking oil in a tank at Tanjung Intang Port here on Thursday, leading them to suspect the stock had been deliberately hoarded.
Fri, 25 Sep 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 24, 1998: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 10,000 Alter Abadi 200 0 0 Alumindo Light Metal 200 0 38,000 Alumindo...
Fri, 25 Sep 1998
Student steals phone coin box
Student steals phone coin box JAKARTA (JP): The Central Jakarta office of state telecommunications company PT Telkom, announced on Thursday the arrest of a high school student for allegedly stealing a public telephone coin box.Septika N.
Fri, 25 Sep 1998
Down to earth solutions needed
Down to earth solutions needed One of Mr. Kwik Kian Gie's concerns over foreign exchange control ("Insight," Sept. 22, 1998) is the level and conduct of the bureaucracy needed to make it happen.Obviously Mr.
Fri, 25 Sep 1998
Taiwan toning down 'Go South' investment
Taiwan toning down 'Go South' investment TAIPEI (Dow Jones): Taiwan is toning down its "Go South" policy, focusing more on helping Taiwan businesses cope in the crisis-torn Southeast Asian countries rather than encouraging new investment there, an official at the Council for Economic Planning and...
Fri, 25 Sep 1998
Students hit by odd malady
Students hit by odd malady KENDARI, Southeast Sulawesi: Members of a Buton regency high school were relocated last week to the nearest elementary school after many female students complained of a mysterious ailment.
Fri, 25 Sep 1998
Regional banks form grouping
Regional banks form grouping SINGAPORE (Dow Jones): Fifteen regional banks announced Thursday the launch of the Asia Pacific Loan Market Association to strengthen and increase lending activities."Market players will stand to gain from potential savings in cost and time through the standardization...
Fri, 25 Sep 1998
Former Dolog chief arrested over rice scam
Former Dolog chief arrested over rice scam JAKARTA (JP): After an intensive two-week investigation which included the questioning of 49 witnesses, the Jakarta Police finally arrested Ahmad Zawawi, the former head of the Jakarta Logistics Agency (Dolog Jaya), early on Thursday.