Indonesian Political, Business & Finance News

Archive: 16 October 1997

62 articles found

Gasindo's $50m bonds

Gasindo's $50m bonds JAKARTA (JP): PT Intimutiara Gasindo announced yesterday that it had issued five-year mandatory convertible bonds worth US$50 million.The company said proceeds of the five-year bonds would be used to finance expansion projects, developing the company into an integrated...

Top seed Andrian to meet Paradon in tennis semifinal

Top seed Andrian to meet Paradon in tennis semifinalBy Primastuti Handayani JAKARTA (JP): Top seeded Andrian Raturandang of Indonesia had an easy day at the office yesterday to set up a men's singles semifinal with Paradorn Srichaphan of Thailand, a repeat of the their match in the team event.

City pledges all out war on vagrants, beggars

City pledges all out war on vagrants, beggars JAKARTA (JP): Governor Sutiyoso declared war yesterday on vagrants, beggars, transvestites and "three-in-one" kids who, he said, hindered the city's development.

Mashill's profit up

Mashill's profit up JAKARTA (JP): Publicly listed Bank Mashill announced a 31- percent increase in net profit in the first three quarters this year to Rp 23.83 billion (US$6.80 million) from Rp 18.10 billion in the same period last year.

Malaysia seen hiking tariffs to curb growth

Malaysia seen hiking tariffs to curb growth KUALA LUMPUR (Reuters): Malaysia is expected to hike import duties on luxury goods and machinery, give tax breaks to export industries and delay more infrastructure projects in its annual budget for 1998, economists said.

Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Holiday Inn, Jl. Ir. H. Juanda 33, Bandung: - Kebun Bambu Restaurant: Guitar performance, Saturday, 7:45 p.m. to 10:15 p.m. - Braga Bar and Lounge: Prospect Band, Thursday and Saturday, 7:30 p.m. to 11:15 p.m.

Fear shrouds sliding SE Asian currencies

Fear shrouds sliding SE Asian currencies SINGAPORE (Reuters): Southeast Asian currencies fell again yesterday in a market disappointed by Thai financial reform plans and fearing Malaysia's looming budget would not live up to expectations.

Malaria causes deaths in Irian

Malaria causes deaths in Irian WAMENA, Irian Jaya: Jayawijaya Regent J.B. Wenas said Tuesday that the recent deaths of 31 people in Lolat, Weawen and Kabianggama villages in Jayawijaya regency were caused by cerebral malaria, and not by meningitis as reported earlier by a missionary.

Suriname offers timber, palm oil cooperation

Suriname offers timber, palm oil cooperation JAKARTA (JP): Visiting Suriname President Jules Albert Wijdenbosch offered Indonesian timber companies and palm oil plantations yesterday to expand their business in the South American country.

IMF sees action soon on RI

IMF sees action soon on RI WASHINGTON (AFP): The deputy head of the International Monetary Fund predicted Tuesday that an IMF package of measures for Indonesia could be in place "in a couple of weeks" and praised reforms just adopted in Thailand.

SEA Games Medals Tally

SEA Games Medals TallyMedals tally as at 21.50 last night Gld Slv Brz--------------------------Indonesia 90 43 55Thailand 45 46 37Malaysia 23 32 33Philippines 20 25 46Vietnam 18 30 24Singapore 12 6 26Myanmar 4 17 20Brunei 0 1 1Laos 0 0 6Cambodia 0 0 1--------------------------Total 212 200 249 Some...

Gloomy outlook predicted for property sector

Gloomy outlook predicted for property sector JAKARTA (JP): Indonesia's property sector will continue to suffer the ill effects of the currency crisis for the next two years, as lower demand will slow down the market and force companies to reduce prices, a property consultant predicts.

Is Balinese culture a snag for investors?

Is Balinese culture a snag for investors?By Putu Wirata DENPASAR, Bali (JP): The uniqueness of Balinese's people and culture is apt to force investors to be more careful when doing business on this holiday island.

TV today

TV todayTVRI 8:45 a.m. Live Reports: Peringatan Hari Pangan Sedunia 10:00 Live Reports: Gelanggang Sea Games XIX 1:00 p.m. Music 2:00 News: Berita 14 2:30 Live Reports: Gelanggang Sea Games XIX 4:00 Regional News 4:30 Culture Program: Pelangi Budaya 5:00 Arabic Lessons 5:30 Ensemble Music 6:00...

Picture hides the anger

Picture hides the anger JAKARTA (JP): There is only one way to respond to the disappointing services at the 19th SEA Games and that is with sick jokes, according to one journalist.An Indonesian reporter who works for Australian radio station SBS, Maz Inung, could not but grumble over the slow,...

High price of the news

High price of the news JAKARTA (JP): It seems nowhere is safe from the slide in the value of the rupiah, including the SEA Games.One savvy newspaper hawker in the Istora Senayan stadium has obviously decided to up prices, including yesterday's edition of this newspaper, to compensate for the...

Long-term solution to forest fires

Long-term solution to forest fires Since the start of the current forest fires much has been written about their direct effects to people's health and the environment. However, nothing was said about long-term solutions to the fires until an interview with Mr.

Female worker Soleha not a murderer: Father

Female worker Soleha not a murderer: FatherBy Ainur R. Sophiaan MALANG, East Java (JP): Kadiran, a 70-year-old tenant farmer in Donomulyo village, said he felt a strong foreboding when one day, not too long ago, he saw the village chief approach his house with four other men.

More liberalization needed

More liberalization needed By his remarks yesterday (Tuesday), Singapore Prime Minister Goh Chok Tong confirmed his status as the markets' good cop in the routine he occasionally plays to Dr. Mahathir's bad cop. Mr.

AIDS may spread faster in Asia than Africa: UN

AIDS may spread faster in Asia than Africa: UN BEIJING (Reuters): AIDS may spread faster in Southeast Asia than Africa because of widespread drug use in the region, a U.N. official said yesterday."There are many injecting drug-users in Asia who may spread the disease to the general public," said...

Mixed bag for host in Games

Mixed bag for host in Games JAKARTA (JP): Indonesia excelled in unexpected areas in the 19th Southeast Asian Games yesterday but slipped up in some favored sports.Shooting, gymnastics, swimming and other fields that Indonesia has long failed to dominate gave the host more gold in one day than was...

RI 'should pay more attention to economy'

RI 'should pay more attention to economy' JAKARTA (JP): Indonesia should pay more attention to the economy because that is where most future challenges and threats lie, prominent military thinker Rudini said yesterday.

3 bogus detectives rob bus passengers

3 bogus detectives rob bus passengers JAKARTA (JP): South Jakarta Police have arrested three men who allegedly pretended to be detectives and stole Rp 30,000 (US$8.60) from a bus passenger.City Police spokesman Lt. Col. E.

No flys on me, says zippy lifter

No flys on me, says zippy lifter JAKARTA (JP): If you think the strapping well-built weight lifting athletes are nothing but Hulk Hogans who cannot laugh at embarrassing situations, then you are wrong.Philippine lifter Jocynie Villarta was chatting and joking with her teammates during an event...

Thais accuse Indonesia of bribing judges

Thais accuse Indonesia of bribing judgesBy Budiman Moerdijat JAKARTA (JP): Allegations of bribery rocked the last day of the taekwondo competition yesterday with the Thais accusing the Indonesians of paying off the judges.

Supriati bags another gold and Games record

Supriati bags another gold and Games recordBy Meidyatama Suryodiningrat JAKARTA (JP): Supriati Sutono won the much-anticipated rematch against Malaysian rival Yu Fang Yuan yesterday in the 10,000 meters, landing her second gold medal and Games record.Supriati, 25, finished in 34 minutes 2.

Indonesia tops medal table in shooting

Indonesia tops medal table in shootingBy Stevie Emilia JAKARTA (JP): Most shooters would be happy to win two gold medals in a lifetime. Indonesia's Bari Agustini Said accomplished the feat in one day in her Games debut.

Indonesia surprisingly takes lead in men's, women's golf

Indonesia surprisingly takes lead in men's, women's golf JAKARTA (JP): Fielding the best teams it has ever had gave Indonesia a surprise lead in both the men's and ladies' teams in yesterday's SEA Games golf championships at Matoa Nasional Golf and Country Club, Ciganjur, South Jakarta.

Panther killed by poison

Panther killed by poison GUNUNGKIDUL, Yogyakarta: A small black panther was killed recently in Botodayaan, Rongkop district, after eating a poisoned chicken that a villager had placed near his son's grave.

Indonesia's GDP to grow by 6 percent this year

Indonesia's GDP to grow by 6 percent this year JAKARTA (JP): Indonesia's Gross Domestic Product (GDP) growth will only rise 6 percent this year and about 5 percent next year due to the impact of the currency turmoil, according to analyst Mari E. Pangestu.

Emotion and ignorance lead to judging mayhem

Emotion and ignorance lead to judging mayhemBy Ivy Susanti JAKARTA (JP): Athletes are whingeing, coaches are moaning and the judges are getting defensive. It must be a regional gymnastics competition.The problem is simple.

Military figures say no to age limitation on VP

Military figures say no to age limitation on VP JAKARTA (JP): Military figures dismissed yesterday a senior government official's suggestion that the country's vice presidency should only be open to people less advanced in years.Lt. Gen.

Indonesia sweeps four more golds in cycling

Indonesia sweeps four more golds in cyclingBy Innocentius Christianto JAKARTA (JP): Two more golds yesterday took Indonesian cyclist Nurhayati past the halfway point in her goal of five for the Games.First-place finishes in the 3km Individual Pursuit and sprint added to her gold from Sunday's 20km...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 15, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,000 0 0 AHAP Insurance 2,500 0 0 Alter Abadi 700 -75 173,000 Alumindo Light Metal 700 0 55,000 Alumindo...

Local pugilists regain pride with hard-hitting punches

Local pugilists regain pride with hard-hitting punchesBy Johannes K. Simbolon JAKARTA (JP): Indonesia's boxers wrested domination of the ring from Thailand yesterday as its fighters crushed all their opponents on the second day of the semifinals.

Experts debate world forest crisis

Experts debate world forest crisisBy John Madeley Suffocating fires in the Pacific may have caught the headlines, but rapidly advancing deforestation is a tragedy of global proportions, according to a new report.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Graphic Art Exhibition: by Marida Nasution, at the Galeri Cipta II, Taman Ismail Marzuki Arts Center, Jl. Cikini Raya 73, Central Jakarta, at 10 a.m. to 8 p.m., Oct. 16. * Painting Exhibition: Van Der Sterren from New Zealand, at Galeri Linggar, Jl.

A worker killed every other day

A worker killed every other dayBy Teten Masduki JAKARTA (JP): Blue-collar workers in Indonesia lead a hard existence strapped with long working hours coupled with low wages. They are not only easily fired and repressed but are also prone to deadly occupational accidents.

Ropey snappers flip over rules

Ropey snappers flip over rules JAKARTA (JP): Taking pictures is not easy. A photographer first has to find a strategic position to produce a good picture.That was the issue yesterday when local photographers filed a protest against the boxing officials over the rule prohibiting them from taking...

Compensation for crash victims

Compensation for crash victims JAKARTA: The family of Agus S. Heryanto, who died in the Garuda Indonesia air crash in Medan on Sept. 26, received yesterday Rp 527,661,700 (US$150,760) in compensation from PT Jamsostek, the state-owned workers' insurance company, Antara reported.

Premier finds RI's gas

Premier finds RI's gas LONDON (Reuters): Britain's Premier Oil Plc said yesterday it had made a natural gas discovery in the Natuna Sea Block A off Indonesia.The Gajah Puteri-2 well, the first exploration well operated by Premier in Indonesia, has been suspended as a potential future gas producer,...

Soeharto's stand on cultism gains support

Soeharto's stand on cultism gains support JAKARTA (JP): President Soeharto's refusal to be turned into a cult figure received widespread support yesterday from legislators, military officials and political observers.

Prawn farmers lose out in fight against pollution

Prawn farmers lose out in fight against pollutionBy Sri Wahyuni TEGAL, Central Java (JP): Local fishpond farmers can now only reminisce about the days when breeding scampi was a lucrative business that they thought could last forever.

Honors shared in pool as RI sprinter wins

Honors shared in pool as RI sprinter winsBy Sylvia Gratia Miranda JAKARTA (JP): Indonesia and Thailand went neck-and-neck in the pool yesterday with three gold medals apiece, but the day rightfully belonged to hometown boy Richard Sam Bera.

Results

ResultsAthleticsMen:400m hurdles: 1. Jirachai Linglom (Tha) 51.39secs 2. Wirat Sarad (Tha) 51.60 3. Phong Duong (Vie) 51.79Long jump: 1. Mohammad Zaki Sadri (Mas) 7.79m (Games record) 2. Nattapon Namkunha (Tha) 7.78 3. Kuan Nguyen Ngoc (Vie) 7.68Women:10km walk: 1. Anastasia Silvaraj (Mas) 48:06.

Drought may last until January, expert warns

Drought may last until January, expert warns JAKARTA (JP): A German ecologist said yesterday the long- awaited monsoon rain would come in January, not November as forecasted by optimistic local experts.

We need to repent

We need to repent I am concerned with your article Govt snubs call for national repentance (Oct. 13). To me, it is very sad to know that our own government does not realize the problems in our country. I certainly believe that many Indonesians are religious, but we can witness for ourselves how...

Man tried for extorting envoy

Man tried for extorting envoy JAKARTA (JP): A homeless man appeared in the Central Jakarta District Court yesterday on a charge of extorting money from Palestinian Authority Ambassador Ribhi Awad.The prosecutor, Roskanedi, said the extortion attempt was cut short when the ambassador shot the...

Use of SEA Games funds

Use of SEA Games fundsFrom Sinar PagiThe community has so far received no response from the SEA Games consortium nor from the central board of the Indonesian Olympic Committee regarding specific expenditure allocations of the funds collected for the 19th SEA Games.

MPR decree on human rights a must

MPR decree on human rights a must Charles Himawan, a professor of law and economics at the University of Indonesia and a member of the National Human Rights Commission joined the debate on whether there is a need for the People's Consultative Assembly (MPR) to produce a decree on human rights.

Dance-dramas to be staged at TIM

Dance-dramas to be staged at TIM JAKARTA (JP): A winner of many local and international awards in traditional choreography, I Made Mariasa, will stage a Balinese dance-drama with a romance-tragedy theme at Taman Ismail Marzuki arts center tomorrow and Saturday.

Indonesia backtracks on AFTA scheme

Indonesia backtracks on AFTA schemeBy Riyadi KUALA LUMPUR (JP): Indonesia has again backtracked on a free trade process in the region by withdrawing five chemical products from its earlier liberalization commitment.

Jonathan shines in gymnastics

Jonathan shines in gymnasticsBy Emmy Fitri JAKARTA (JP): There was high drama in the gymnastics stadium yesterday, as a video review of a disputed performance ultimately handed Indonesia the third of its five golds in the individual apparatus.

British Embassy's gratitude

British Embassy's gratitude I would like, if I may, through your newspaper, to express my gratitude and that of all of us at the British Embassy, for the great outpouring of sympathy which we received in the aftermath of the tragic death of Diana, Princess of Wales, six weeks ago.

Birthday Carol

Birthday Carol JAKARTA (JP): The following athletes taking part in the SEA Games mark their birthday today:Sinta Berliana Hery (taekwondo, Indonesia 1975); Wilbertus Sihotang (manager, Indonesia 1955); Mohammad Anwar Chee Kar (traditional boat race, Malaysia 1977); Lim Teong Kiat (manager, Malaysia...

Regional currency crisis could expedite AFTA

Regional currency crisis could expedite AFTABy Riyadi KUALA LUMPUR (JP): The current regional currency turmoil may prompt the Association of Southeast Asian Nations (ASEAN) to speed up the implementation of a free trade arrangement in the region ahead of schedule.

No need to fear IMF aid

No need to fear IMF aid The government's decision to ask for foreign assistance, particularly from the International Monetary Fund (IMF), in its efforts to overcome the present currency crisis has invited many reactions.

Mulia Senayan looking to shed shoddy image

Mulia Senayan looking to shed shoddy imageBy John Aglionby JAKARTA (JP): It has gone up quicker than you can say "19th SEA Games athletes village", there have been two fires and only last week water was still dripping through the ceiling into the lobby.

Dire conditions in South Banten

Dire conditions in South BantenFrom KompasIt is indeed not an exaggeration to say that South Banten is the most backward region in Java, even more so than North Banten.We do not feel humiliated, and we are not jealous either, that other regions are more developed.

Taeil and Newmax brush with bankcruptcy

Taeil and Newmax brush with bankcruptcy SEOUL (AFP): South Korea's largest computer parts maker, Taeil Media Co. Ltd., and its subsidiary, Newmax Co. Ltd., brushed with bankruptcy yesterday before being granted a grace period for debt repayment, banks said.

Richard caps career with final SEA Games victory

Richard caps career with final SEA Games victoryBy Budiman Moerdijat JAKARTA (JP): The regional champ Richard Sam Bera put his goggles and trunks back in the locker for the last time yesterday after reigning supreme in the SEA Games sprint events.

Myanmar's strongwomen lifter clinch golds

Myanmar's strongwomen lifter clinch goldsBy Christina S.A. Tumelap JAKARTA (JP): Myanmar's women lifted the bulk of the gold yesterday as two of its female competitors wrested titles, with one of them breaking the SEA Games record for her snatch, clean and jerk and total lifts.