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Wed, 23 Sep 1998
Reconciliation an urgent matter
Reconciliation an urgent matterFrom NeracaI was greatly saddened to read a front-page report in one of Jakarta's daily newspapers which revealed that 33 sub-districts in the capital are now classified as poor, a figure which stood at 11 before the crisis.
Wed, 23 Sep 1998
Misleading ad due to 'poor coordination'
Misleading ad due to 'poor coordination' JAKARTA (JP): Governor Sutiyoso admitted on Tuesday that shoddy coordination between the city administration and the Ministry of Home Affairs was behind the publication of a job vacancy advertisement which misled hundreds of job seekers.
Wed, 23 Sep 1998
Salim, Nursalim agree to settle Rp 78t debts
Salim, Nursalim agree to settle Rp 78t debts JAKARTA (JP): The government said on Tuesday that the Salim and Gajah Tunggal groups had agreed to settle Rp 78 trillion (US$7 billion) in debts belonging to failed banks they controlled by ceding shares in almost all their global investments to the...
Wed, 23 Sep 1998
Will 'Jakarta Initiative' succeed in its daunting purpose?
Will 'Jakarta Initiative' succeed in its daunting purpose?By Eddy Soeparno JAKARTA (JP): The Indonesian government recently announced The Jakarta Initiative, by forming a Task Force to coordinate the restructuring process of Indonesia's mounting private sector debt, estimated to be around US$65...
Wed, 23 Sep 1998
MPR body commits to clean governance
MPR body commits to clean governance JAKARTA (JP): Factions in the Ad Hoc Committee II of the People's Consultative Assembly (MPR) have all endorsed the draft special decree on the eradication of corruption, collusion and nepotism.The chairman, Widodo A.S.
Wed, 23 Sep 1998
Government may lift import duty, VAT on automotive spare parts
Government may lift import duty, VAT on automotive spare parts JAKARTA (JP): The government may lift both the import duty and value-added tax (VAT) on automotive parts in a bid to salvage the crippled automotive industry and the transportation sector, Minister of Industry and Trade Rahardi Ramelan...
Wed, 23 Sep 1998
Inco cuts output but not growth
Inco cuts output but not growth UJUNGPANDANG, South Sulawesi (JP): PT International Nickel Indonesia (Inco) has cut production of its nickel in matte by 30 percent to 70 million pounds (31.8 million kilograms) per annum due to the commodity's falling international price.
Wed, 23 Sep 1998
Toll road sees drop-off in usage
Toll road sees drop-off in usage JAKARTA (JP): The volume of traffic along the 72 km Jakarta- Cikampek toll road has dropped 10 percent to 30 percent since the beginning of the economic crisis in July last year.
Wed, 23 Sep 1998
JIEP sticker scheme may be delayed
JIEP sticker scheme may be delayed JAKARTA (JP): City councilors asked the management of the Pulogadung industrial estate in East Jakarta on Tuesday to postpone its plan to require vehicles passing through the area to display stickers.
Wed, 23 Sep 1998
Stocks up 1.5% while rupiah remains stable
Stocks up 1.5% while rupiah remains stable JAKARTA (JP): Share prices on the local tattered market rose 1.5 percent on Tuesday after some foreign investors made late buying orders on selected stocks which had been under selling pressures over the past few days, a stockbroker said.
Tue, 22 Sep 1998
Freeport has new GM
Freeport has new GM JAKARTA (JP): Giant gold and copper mining company PT Freeport Indonesia has appointed Hermani Soeprapto to the position of executive vice president and general manager with the responsibility of overseeing the company's operations starting from Oct. 1.
Tue, 22 Sep 1998
Art summit schedule fo performances
Art summit schedule fo performances Sept. 21-22: Music, Alvin Lucier (USA), Gedung Kesenian Jakarta (GKJ), Jl. Pos No. 2, Central Jakarta (Phone: 3441892).Sept. 25-26: Theater, The Wedding on the Field, Yukio Waguri (Japan), Taman Ismail Marzuki (TIM), Jl.
Tue, 22 Sep 1998
'Sold' W. Java women reunited with families
'Sold' W. Java women reunited with families BANDUNG (JP): The West Java police headquarters was full of crying women on Monday, who arrived from Tanjung Balai Karimun in Riau, Sumatra. The 113 young women, many of them teenagers, were part of an unidentified number of youngsters who had sought work...
Tue, 22 Sep 1998
Bank guard killed in robbery attempt
Bank guard killed in robbery attempt JAKARTA (JP): A security guard of Bank Internasional Indonesia's (BII) Mampang Prapatan branch in South Jakarta was found dead on Sunday morning with his legs and hands bound together.The victim, Susanto Sarwin, 32, was discovered in the office's restroom at 8 a.
Tue, 22 Sep 1998
RI needs some form of capital control: Minister
RI needs some form of capital control: Minister JAKARTA (JP): State Minister of Investment Hamzah Haz said on Monday that a "limited" foreign exchange control was still needed to ensure that foreign exchange earnings from exports were not deposited in overseas banks.
Tue, 22 Sep 1998
Are we on the road to recovery?
Are we on the road to recovery?By Sri Pamoedjo Rahardjo JAKARTA (JP): The drastic downturn in the Indonesian economy has confounded many experts. Conflicting ideas on how to overcome the problem have in fact confused the public.
Tue, 22 Sep 1998
Malaysian people confused over poitical conflict
Malaysian people confused over poitical conflict KUALA LUMPUR (Agencies): Residents of Malaysia's capital expressed a mixture of indifference and confusion on Monday as protesters vented their anger over the arrest of former finance minister Anwar Ibrahim by taking to the streets.
Tue, 22 Sep 1998
Two more demonstrations held at House complex
Two more demonstrations held at House complex JAKARTA (JP): Around 1,500 students, housewives, youngsters and jobless people rallied in front of the House of Representatives (DPR) in two separate demonstrations here on Monday.
Tue, 22 Sep 1998
Asian stock markets dip on blend of local, global edginess
Asian stock markets dip on blend of local, global edginess TOKYO (AFP): Asian stock markets dipped Monday on Tokyo's fall to a near 13-year low and in anticipation of a sell-off on Wall Street over the impending release of US President Bill Clinton's video-taped testimony in the White House sex...
Tue, 22 Sep 1998
Thousands threatened by food shortages in Aceh
Thousands threatened by food shortages in Aceh JAKARTA (JP): As many as 62,000 residents of the isolated island of Simeulue in Aceh have been reportedly facing food shortages after its three ferries were removed on Sept. 15 from service there.
Tue, 22 Sep 1998
Two arrested for extortion
Two arrested for extortion JAKARTA (JP): Two high school students were arrested on Saturday for allegedly extorting money from Metromini bus passengers in the Pasar Minggu area, a South Jakarta Police spokesman said.The head of the Pasar Minggu police station, Capt. Arief S.
Tue, 22 Sep 1998
Alleged Nigerian drug dealer shot dead
Alleged Nigerian drug dealer shot dead JAKARTA (JP): City police detectives shot dead an alleged Nigerian heroin dealer after he resisted arrest and attempted to snatch a policeman's gun in a hotel on Jl. Pramuka in Central Jakarta on Monday.The city police detective chief Col.
Tue, 22 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. 21 to Sept. 27: U.S dollar 1 Rp 10,850.00Austrian shilling 1 907.
Tue, 22 Sep 1998
Former president's wealth
Former president's wealthFrom RepublikaReporters asked Attorney General Andi M. Ghalib a barrage of questions in connection with the statement made by former president Soeharto to the effect that he did not have even a cent in a savings account or other assets abroad. In reply, Mr.
Tue, 22 Sep 1998
Poor say rice prices are still out of reach
Poor say rice prices are still out of reach JAKARTA (JP): Although the government is heavily subsidizing rice for the poor, many still find themselves unable to buy large quantities of the staple food due to a lack of cash.
Tue, 22 Sep 1998
Mari'e joins team advising Habibie
Mari'e joins team advising Habibie JAKARTA (JP): Former minister of finance Mar'ie Muhammad has accepted an offer by President B.J. Habibie to become a presidential economic advisor, a minister said on Monday.
Tue, 22 Sep 1998
Investigation team confirms rapes during riots
Investigation team confirms rapes during riots JAKARTA (JP): The government-sponsored fact-finding team investigating the May riots asserted on Monday that, despite some officials' denials, sexual assaults and rapes did take place in the unrest in Jakarta and other cities which also left 1,200...
Tue, 22 Sep 1998
Questioning the rationale of South-South cooperation
Questioning the rationale of South-South cooperationBy Darmansjah Djumala JAKARTA (JP): The Non-Aligned Movement (NAM), acknowledging the rapid changes in the international economic environment, characterized by globalization and trade liberalization, has recognized the necessity to establish a...
Tue, 22 Sep 1998
Seamen protest union executives
Seamen protest union executives JAKARTA: About 20 seamen demonstrated at the Ministry of Manpower on Monday, demanding their association's executives stand down.The seamen urged Minister of Manpower Fahmi Idris to help them handle numerous problems in their organization.
Tue, 22 Sep 1998
Megawati 'just needs new name' for her PDI
Megawati 'just needs new name' for her PDI JAKARTA (JP): Megawati Soekarnoputri, the ousted leader of the splintered Indonesian Democratic Party (PDI), simply needs to register her camp under a new name to move into contention for next year's general election, Minister/State Secretary Akbar...
Tue, 22 Sep 1998
Playwright to meet police summons
Playwright to meet police summons JAKARTA (JP): Playwright Ratna Sarumpaet is scheduled to be questioned by city police detectives on Tuesday morning as a witness in an alleged defamation of President B.J. Habibie, her lawyer said.
Tue, 22 Sep 1998
Army raises profile of human rights training
Army raises profile of human rights training BANDUNG (JP): The Army is committed to creating soldiers who base their intelligence, integrity and loyalty to the nation on moral standings, Army Chief of Staff Gen. Subagyo Hadisiwoyo said on Monday.
Tue, 22 Sep 1998
Books should be freed of value-added tax: Habibie
Books should be freed of value-added tax: Habibie JAKARTA (JP): President B.J. Habibie concurred on Monday that there should be a halt to the 10 percent tax on books, which publishers complain unnecessarily adds to book prices.
Tue, 22 Sep 1998
Private firms to be allowed to import rice
Private firms to be allowed to import rice JAKARTA (JP): State Minister of Food Affairs and Horticulture A.M. Saefuddin said here on Monday that private companies would be allowed to import good quality rice and sell it directly to consumers to help boost supply on the domestic market.
Tue, 22 Sep 1998
House urge quick Soeharto inquiry
House urge quick Soeharto inquiry JAKARTA (JP): The government must move quickly to investigate Soeharto's wealth, allegedly stashed in bank accounts abroad, or face the possibility that it will lose the remainder of its battered credibility, legislators warned on Monday.
Tue, 22 Sep 1998
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Bali's bank notes conversion rates on Sept. 21, 1998: Buying Selling Rp Rp U.S. dollar 1 10,900 11,250Australian dollar 1 6,360 6,750Brunei dollar 1 6,500 7,000Swiss franc 1 7,520 8,120Deutschemark 1 6,145 6,695French franc 1 1,710 2,030Poundsterling 1 16,700...
Tue, 22 Sep 1998
Last chance for RI swimmers
Last chance for RI swimmers JAKARTA (JP): National swimmers being groomed for the 13th Asian Games in Bangkok in December will test the merits of their overseas training stint in a competition with second stringers which is supposed to be one-sided.
Tue, 22 Sep 1998
Stocks tumble 5.5% to seven-year low
Stocks tumble 5.5% to seven-year low JAKARTA (JP): Shares prices on the tattered local stock market careened to a seven-year low on Monday on weak regional markets and political restlessness at home, stockbrokers and analysts said.But the rupiah closed slightly firmer at 11,050 against the U.S.
Tue, 22 Sep 1998
Forex controls would create new problems
Forex controls would create new problems Debate on the possible adoption of foreign exchange controls to stabilize the rupiah's exchange rate is heating up after Malaysia imposed such a system earlier this month. Economist Kwik Kian Gie discusses the possible impacts of the proposed plan.
Tue, 22 Sep 1998
Perhapi's annual meeting
Perhapi's annual meeting JAKARTA (JP): The Association of Indonesian Mining Professionals (Perhapi) is to hold a its seventh annual meeting on Thursday and Friday to discuss the current state of the industry.
Tue, 22 Sep 1998
Japan to give 1.3b yen in trade financing
Japan to give 1.3b yen in trade financing JAKARTA (JP): The government of Japan will provide Indonesia with 1.3 billion yen (US$9.74 million) in trade financing in addition to other financial aid it has already pledged to help the country, a senior Japanese official said here on Monday.
Tue, 22 Sep 1998
RP seek new carriers ahead of PAL closure
RP seek new carriers ahead of PAL closure MANILA (AFP): The Philippine government on Monday dangled new aviation franchises as it scrambled to avert economic disruptions threatened by the scheduled closure of the debt-ridden flag carrier.
Tue, 22 Sep 1998
Where to go in Bandung:
Where to go in Bandung:Exhibitions * Fine Arts Exhibition: Perangkap Hedonisme, by Veri Apriyatno, at Barak Gallery, Jl. DR. Setiabudhi 238, Trapus, 10 a.m. to 9 p.m., until Oct. 10. * Ethnic Art Work and Interior Exhibition at Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No.
Tue, 22 Sep 1998
Regional monies mixed on upheaval
Regional monies mixed on upheaval SINGAPORE (Dow Jones): Southeast Asian currencies were mixed against the U.S. dollar in late trading Monday, as political strife and further economic potholes continue to undermine the region.
Tue, 22 Sep 1998
Earthquake jolts capital
Earthquake jolts capital JAKARTA (JP): An earthquake measuring 5.7 on the Richter scale slightly jolted the capital in the early hours of Monday.No reports of casualties or panic were reported. Damage to buildings was also said to be minimal during the 90-second tremor that began at 4:25 a.m.
Tue, 22 Sep 1998
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept.21, 1998: Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 325 0 0 AHAP Insurance 400 0 0 Alter Abadi 175 0 0 Alumindo Light Metal 200 -25 9,500 Alumindo...
Tue, 22 Sep 1998
SilkAir gets Airbus plane
SilkAir gets Airbus plane SINGAPORE (DPA): Singapore's SilkAir has taken delivery of its first Airbus Industrie plane, and is set to become an all-Airbus operator, the aircraft maker said Monday."Our (Boeing) 737s and Fokker 70s will be phased out slowly when the Airbuses are delivered," SilkAir...
Tue, 22 Sep 1998
Rendra's play postponed
Rendra's play postponed JAKARTA (JP): The Bengkel Teater group of legendary poet Rendra will stage performances of Suku Naga (Dragon Tribe) at Taman Ismail Marzuki art center, Central Jakarta, on Sept. 29 and Sept. 30 instead of on Sept. 22 and Sept. 23 as originally scheduled.
Tue, 22 Sep 1998
Garuda books Rp 200b in profit, says Tanri
Garuda books Rp 200b in profit, says Tanri JAKARTA (JP): The country's flag carrier PT Garuda Indonesia has booked Rp 200 billion rupiah (US$18.2 million) in profits as of August as a result of the airline's massive restructuring program, Minister of State Enterprises Tanri Abeng said on Monday.
Tue, 22 Sep 1998
Govt approves $7.14b in foreign investment
Govt approves $7.14b in foreign investment JAKARTA (JP): The government approved 344 foreign investment projects worth US$7.14 billion and 121 domestic investment project worth Rp 25.6 trillion (US$2.3 billion) in the April/August period of the 1998/1999 fiscal year.