Indonesian Political, Business & Finance News

Archive: 2 October 1997

60 articles found

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 1, 1997: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,025 -50 5,000 AHAP Insurance 2,500 0 0 Alter Abadi 750 0 0 Alumindo Light Metal 750 -25 394,500...

Harmoko faces competition for top post at House

Harmoko faces competition for top post at House JAKARTA (JP): Despite being widely tipped to be elected House speaker for the 1997/2002 term, Golkar chairman Harmoko found himself facing tough competition from the Armed Forces (ABRI) faction which declared its own candidate yesterday.

Thailand, Malaysia plan gas pipeline

Thailand, Malaysia plan gas pipeline BANGKOK (AFP): Thailand and Malaysia are planning a multi- million dollar pipeline project to supply both countries with gas from jointly-held offshore fields in the South China Sea, an official said yesterday.

Nurhayti expected to grab five golds in cycling

Nurhayti expected to grab five golds in cycling JAKARTA (JP): Indonesia's most promising woman cyclist, Nurhayati, is expected to grab five gold medals at the 19th SEA Games in October, an official said.

Association wants one rate for local calls

Association wants one rate for local calls JAKARTA (JP): The Association of Telecommunication Kiosk Owners called yesterday on the government to eliminate the differences in local telephone rates to avoid confusion over tariffs.

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.

Soeharto encourages solid House

Soeharto encourages solid House JAKARTA (JP): The House of Representatives should be on equal footing with the President, given the former's duty to oversee the implementation of development programs by the latter, according to President Soeharto.

Bank says no Marcos accounts

Bank says no Marcos accounts GENEVA (AFP): Swiss bank Julius Baer denied Tuesday having any accounts linked to the funds of deposed dictator Ferdinand Marcos following claims by a U.S. lawyer.Lawyer Robert Swift has accused Julius Baer of laundering many millions of dollars of gold for the Marcos...

Give Kemang some credit

Give Kemang some credit When, some time ago, the first article taken from another newspaper appeared in the Jakarta Post with the writer suggesting that Kemang had turned into an area of sinful activities, I was tempted to write a reply.

PAL receives bomb threat

PAL receives bomb threat MANILA (DPA): A Philippine Airlines (PAL) plane was forced yesterday to abort its flight to Hong Kong and return to Manila after control tower officials received a threat saying there was a bomb aboard the jet.

21 members of Islamic state movement arrested

21 members of Islamic state movement arrested JAKARTA (JP): Police have arrested 21 men who declared themselves members of the banned Indonesian Islamic State movement in a raid Tuesday at a house in Pondok Gede, Bekasi.City Police Chief Maj. Gen.

Legislators asked to acquire greater business knowledge

Legislators asked to acquire greater business knowledge JAKARTA (JP): Businesspeople called yesterday on the newly elected members of the House of Representatives to acquire a greater knowledge of the economy and business so they can better understand the country's rapidly developing economy.

Indonesia deports 252 Chinese sailors

Indonesia deports 252 Chinese sailors JAKARTA (JP): Indonesian immigration officials made history yesterday when they deported 252 Chinese sailors, the largest single deportation ever conducted."This is definitely the biggest ever deportation that Indonesia's immigration directorate has ever...

A time to wait not speculate

A time to wait not speculate I am an American guest in Indonesia and an aircrew member with many hours in command of heavy jet aircrafts.I was also here in 1979 when an F-28 ran into a mountain in Brastagi, and actively participated in the search and rescue effort at that time.

Japan confident of creating Asian fund

Japan confident of creating Asian fund TOKYO (AFP): Japan is confident of creating a regional facility to protect Asia from financial turmoil despite International Monetary Fund (IMF) concerns about the project, a senior finance ministry official said yesterday.

SE Asian currencies plunge in dramatic slide

SE Asian currencies plunge in dramatic slide SINGAPORE (Reuter): There was carnage on Southeast Asian currency markets yesterday amid scenes not witnessed since the Thai baht's shock flotation in early July.

'Concubines' reflection of a sultan's power

'Concubines' reflection of a sultan's power SURAKARTA, Central Java (JP): Selir (concubines) hold a fabled position in Javanese society.Selir are a reflection of a Sultan's power and their presence is an accepted part of the folklore of Javanese kingdoms.

ASEAN rail link studied

ASEAN rail link studied KUALA LUMPUR (Reuter): A consortium of three Malaysian companies will study the viability of the first route of a railway linking Singapore and Kunming in China, local newspapers yesterday quoted Transport Minister Ling Liong Sik as saying.Ling said that Renong Bhd.

Australian GDP affected

Australian GDP affected SYDNEY (Reuter): Westpac Banking Corp. managing director Bob Joss said yesterday he expected the financial crisis in the Southeast Asian region to cut into Australian economic growth next year."I think it will definitely impact on the Australian economy.

Chances of surviving childbirth improving in Bali

Chances of surviving childbirth improving in BaliBy Leyla Alyanak BULELENG, Bali (JP): When 19-year-old Sukry began hemorrhaging during childbirth, the traditional midwife stood by helplessly. The nearest health post was only 15 kilometers away but Sukry had no transportation.

823 fires recorded

823 fires recorded JAKARTA (JP): The Jakarta Fire Department recorded 823 fires in the city during the first nine months of this year. In these incidents 22 people were burned to death and 45 others injured,The estimated material losses caused by the fires were about Rp 87 billion (US$27.

Asia deserves two Security Council seats, says Alatas

Asia deserves two Security Council seats, says Alatas UNITED NATIONS (Agencies): Minister of Foreign Affairs Ali Alatas said Tuesday that developing Asian nations deserved two permanent seats on the Security Council but the General Assembly should avoid being rushed into a decision on the...

Rupiah continues to fall against dollar

Rupiah continues to fall against dollar JAKARTA (JP): The rupiah plunged again yesterday to a record low as the stock exchange bore the brunt of the worsening currency crisis.Foreign exchange dealers said the rupiah slumped to a new historic low of 3,470 in the morning session before recovering to...

Standard Chartered replies

Standard Chartered replies In reference to Mr. Adrianus Hiung Tjung's letter Convenience may not be the answer (The Jakarta Post, Sept. 25) about the ATM Bersama service, may I, on behalf of the personal bank division of Standard Chartered Bank, at the very onset apologize for the inconvenience...

Gulf Indonesia won't return to markets soon

Gulf Indonesia won't return to markets soon NEW YORK (Reuter): Gulf Indonesia Resources Ltd has no immediate plans to return to the capital markets and will fund capital spending of $275-$300 million a year from cashflow and credit, president Richard Auchinleck said.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 Children's Film: Family Matters 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Performance: Pelangi Budaya 5:00 Arabic Lessons 5:30 Student's Program: Jendela Dunia 6:00 News: Lintasan...

Rolls-Royce to form more joint ventures

Rolls-Royce to form more joint ventures JAKARTA (JP): Britain's Rolls-Royce plc. plans to set up several joint venture companies to operate various fields in Indonesia, according to the company's regional executive in Indonesia, Robin Singleton.

Three nabbed for selling fake oil, fuel

Three nabbed for selling fake oil, fuel JAKARTA (JP): Jakarta Military Police yesterday arrested a serviceman and two civilians in Bekasi for allegedly producing and selling fake lubricant oil and diesel fuel.The chief of the military police, Col.

Forest fire fighting shows results

Forest fire fighting shows results JAKARTA (JP): The concerted effort between the government, the Armed Forces, locals and Malaysian firefighters has begun to show results as the fires raging on some 2,000 hectares of forest in Sumatra were successfully put out yesterday.

New decree urged on superblocks

New decree urged on superblocks JAKARTA (JP): Deputy Governor for Economic and Development Affairs Tb.M. Rais underlined yesterday the city's urgent need for a regulation on superblocks to anticipate future development.

Mataram takes care of garbage woes

Mataram takes care of garbage woes MATARAM, West Nusa Tenggara: The city authorities are building a Rp 3 billion garbage dump at Garung village, West Lombok."The garbage dump is being built on a 10 hectare plot of land and will be able to accommodate our garbage for the next 10 to 15 years,"...

Woven journey of Indian silk makes a pit stop in Jakarta

Woven journey of Indian silk makes a pit stop in JakartaBy Pavan Kapoor JAKARTA (JP): Elementary history and advanced fashion -- ethnic Indonesian kebayas and Indian silk -- seemed to have taken a spin in a high-speed mixer to be churned out in a collection of ready-to-wear apparel for "An Evening...

No Ayer quarrying permits issued

No Ayer quarrying permits issued JAKARTA (JP): The city administration says it has never issued any permits allowing sand quarrying near Pulau Ayer, one of the islets in the Thousand Islands chain in Jakarta Bay.

One dead in ship explosion

One dead in ship explosion MANADO, North Sulawesi: At least one sailor died and six others wounded when a ship, Tanor Permai II, exploded Tuesday while docked at Samudera Bitung harbor.Antara reported Damu, 56, from Probolinggo, East Jawa, as the only fatality.

Timber firms called on to help cope with crisis

Timber firms called on to help cope with crisis JAKARTA (JP): Noted businessman Probosutedjo called yesterday on the government to raise money from the country's forest concession holders to cope with the currency crisis.

BMW Rolls-Royce expects to power RI's N-2130

BMW Rolls-Royce expects to power RI's N-2130 JAKARTA (JP): The British-German aircraft engine maker BMW Rolls-Royce expects to engine Indonesia's first jet, the N-2130 currently developed by state-owned PT Industri Pesawat Terbang Nusantara (IPTN).

Less wealthy golfers

Less wealthy golfers MANILA (AFP): A government committee looking into the proliferation of golf courses in the Philippines has warned prospective developers that they must allow access to less wealthy players, a newspaper reported here yesterday.

Cambodia disrupts ASEAN vision

Cambodia disrupts ASEAN vision LONDON: The return of King Norodom Sihanouk to Cambodia from China on 29 August 1997 has done little to solve the country's latest political crisis. The putsch organised by Cambodia's Second Prime Minister, Hun Sen, head of the Cambodian People's Party (CPP) against...

ASEAN seeks united defense for battered currencies

ASEAN seeks united defense for battered currencies SINGAPORE (AFP): Southeast Asian leaders yesterday called for a united front to defend their embattled currencies, as the units plunged to new record lows.

Suralaya's power unit operational

Suralaya's power unit operational JAKARTA (JP): State-owned electricity company PLN has commenced operations of the seventh unit of its coal-fired Suralaya power complex in West Java, bringing the plant's total capacity to 3,400 Megawatts (MW).

Black box search continues in the air

Black box search continues in the air MEDAN, North Sumatra (JP): The search for the illusive black box of the ill-fated Garuda Indonesia plane that crashed on Friday took to the skies yesterday as investigators retraced the final approach of the plane by helicopter.

Fire erupts in Malaysian forest

Fire erupts in Malaysian forest KUALA LUMPUR (Reuter): Malaysia, already blanketed in smog because of massive forest fires in Indonesia, had about 1,000 hectares of its own timber ablaze in eastern Pahang state Tuesday, the national Bernama news agency reported.

RI woman executed in Mecca

RI woman executed in Mecca JAKARTA (JP): The Indonesian Embassy in Saudi Arabia identified yesterday an Indonesian woman who was executed by the Saudi government Tuesday as Sulaita Anam Kasiran.Andi Alahuddin, an embassy information officer, told The Jakarta Post by phone from Riyadh that Sulaita,...

Garuda pilots show integrity

Garuda pilots show integrity We have all watched and listened to the tragedy surrounding Garuda Indonesia flight GA 152 over the past few days. I would like to add a few words regarding the living.Dealing with the loss of loved ones or friends is one of the top three stressful events a human being...

Mitsubishi opens large-scale fair

Mitsubishi opens large-scale fair JAKARTA (JP): Mitsubishi Heavy Industries, a heavy machineries producer, opened yesterday a large-scale fair at the Jakarta Convention Center.The three-day Mitsubishi Heavy Industries Jakarta Fair '97 features about 70 units of 30 types of machinery.

Diana takes early lead by one stroke

Diana takes early lead by one stroke JAKARTA (JP): The absence of national young top golfers due to SEA Games duty gave Diana Soewandi a chance to take the early lead at the Indonesian Ladies Amateur Open by one stroke after carding a 77 (37 40) at Cikarang Golf and Country Club near here yesterday.

Tiara Medan deserves 4 stars

Tiara Medan deserves 4 stars There was an error in The Jakarta Post's story headlined Griyawisata's Contract which appeared on Page 11 of the Sept. 26 edition.The story said: "Domestic chain operator Griyawisata Hotel & Resort has agreed to continue managing the one-star Tiara Medan Hotel and...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Pesona Alam dan Kehidupan IX by NG. Bana Sembiring, at Balai Budaya, Jl. Gereja Theresia 47, Menteng, Central Jakarta, 9 a.m. to 9 p.m., until Oct. 6.

Caption correction

Caption correction We thank you for running a picture on the opening ceremony of PT Amoco Mitsui-PTA Indonesia which appeared on Page 10 of The Jakarta Post's Sept. 27 edition.However, there was a mistake in the caption.

Pigs' stroll stops Wamena flights

Pigs' stroll stops Wamena flights WAMENA, Irian Jaya: Four airlines have threatened to stop services to Wamena, Jayawijaya, due to safety concerns with locals and pigs often found scurrying around the landing strip.

Taiwan puts $10.8b in China

Taiwan puts $10.8b in China TAIPEI (AFP): Taiwanese firms have poured more than US$10.8 billion into China in the past six years, the economic ministry said yesterday, in clear defiance of government efforts to tighten controls over ventures in the mainland.

Soeharto, Nasution, Soedirman get five stars

Soeharto, Nasution, Soedirman get five stars JAKARTA (JP): President Soeharto, Gen. (ret) A.H. Nasution and the late Gen. Soedirman were granted yesterday honorary five-star general ranks.An Armed Forces delegation, led by Armed Forces Commander Gen.

Rp 4 billion more needed for SEA Games

Rp 4 billion more needed for SEA Games JAKARTA (JP): Indonesia's team for the 19th SEA Games needs Rp 4 billion (US$1,250,000) to pay for its athletes' last 10 days of training before the regional sports gathering.Indonesia's chef de mission, Togi M.

Limited edition 'tedong bongo' stamps

Limited edition 'tedong bongo' stamps UJUNGPANDANG, South Sulawesi: A limited edition stamp featuring the tedong bongo (striped water buffalo) will be issued to commemorate the Makassar '97 philately exhibition, to be held here from Oct. 11 to Oct. 15.

Cambodian election law to be passed next week

Cambodian election law to be passed next week PHNOM PENH (Agencies): Cambodia's parliament will pass a key electoral law early next week in preparation for general elections scheduled for May, the ministry of information said in a release yesterday.

HP donates to the disabled

HP donates to the disabled JAKARTA (JP): Hewlett-Packard has signed an agreement with the Society for the Care of Children with Disabilities through which the world's second largest computer company presented a donation in kind worth US$120,000 to the foundation for administrative and training...

Morality: A piece in the national development puzzle

Morality: A piece in the national development puzzleBy Mochtar Buchori JAKARTA (JP): A friend of mine, an economist, has been telling me that what really ails Indonesia is not its economy but its morality.

Palm oil futures surge

Palm oil futures surge KUALA LUMPUR (Reuter): Malaysia's February futures contract hit limit-up of 50-ringgit at 1,614 ringgit ($479.64) a ton by the end of the morning session.Traders said other futures contracts and physical prices were also marked up sharply.

Asia-Pacific stocks suffer as currency markets crumble

Asia-Pacific stocks suffer as currency markets crumble HONG KONG (AFP): Stock markets across Asia-Pacific bore the brunt of the worsening currency crisis which saw new record lows for the Malaysian ringgit, Indonesian rupiah and the Philippine peso.

Crash victim's body dug up, sent to hospital

Crash victim's body dug up, sent to hospital JAKARTA (JP): The body of a victim of last Friday's Garuda Indonesia crash was dug up yesterday, three days after being buried in a cemetery in Depok, south of the city.