Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (2177)	1/9/1998 12:25:00 AM
From: The Fix	Respond to of 4718

Has Anyone seen this..... Thursday January 8, 10:32 pm Eastern Time Military says Jakarta calm, pledges security JAKARTA, Jan 9 (Reuters) - The Indonesian military said on Friday that Jakarta was calm and pledged to maintain security in the city and its surrounding areas amid panic on the country's currency and stock markets. ''District command offices will report to the headquarters every one hour on any development in their respective areas,'' Lieutenant-Colonel Nachrowi, spokesman for the Jakarta military command, told Reuters by telephone. ''There have been so many rumours in the capital, but I can say Jakarta is safe today.'' Trading on Indonesia's financial markets was calmer on Friday morning, with some brokers saying Thursday's meltdown was overdone. However, residents still lined up at some shops for essential household items, Nachrowi said. On Thursday, hundreds of people rushed to supermarkets to buy goods for fear of further price hikes fearing hyper-inflation after the rupiah crashed below 10,000 to the dollar. ''We have urged the people not to pay attention to any rumours,'' he said. ''We also ask people to immediately report to the military if they see something unusual. We will follow up.'' Nachrowi said residents thronged supermarkets to buy goods such as rice, milk and sugar on Friday. ''I think what we should do now is to listen to what the government has said. That rice stocks are enough and there is no need to worry,'' he said. Related News Categories: US Market News, currency, international Copyright c 1998 Reuters Limited. All rights reserved. Republication