Indonesian Political, Business & Finance News

Archive: 21 October 1997

55 articles found

'Bajaj' driver found dead

'Bajaj' driver found dead JAKARTA (JP): The driver of a bajaj (motorized three-wheeled vehicle) was found dead on a sidewalk on Jl. Alu-Alu, Rawamangun, in East Jakarta yesterday.The victim, identified as Salimin, 22, was believed to have died from five deep stab wounds.

RI warned gainst sea level rise

RI warned gainst sea level riseBy Melody Kemp IZMIR, Turkey (JP): Climate is definitely in the air. Kyoto is debating who does what about fossil fuel emissions and El Nino has been creating havoc with droughts, crop losses and devastating fires throughout the Asia Pacific region.

Physician calls for better emergency health services

Physician calls for better emergency health services JAKARTA (JP): A senior physician urged yesterday that pre- hospital care be included in health, social and life insurance policies to help improve the overall quality of emergency health services.

Peodjono elected MPR working commitee chief

Peodjono elected MPR working commitee chief JAKARTA (JP): The People's Consultative Assembly's (MPR) working committee, responsible for drafting MPR decrees and electing new president, held its first plenary session yesterday establishing its own leadership.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 20, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 900 -50 5,000 AHAP Insurance 2,500 0 0 Alter Abadi 675 0 50,000 Alumindo Light Metal 700 0 8,500 Alumindo...

Rupiah weak waiting on IMF outcome

Rupiah weak waiting on IMF outcome The rupiah has lost ground as the currency market waits for the outcome of negotiations between the Indonesian government and the International Monetary Fund (IMF). Economist Kwik Kian Gie shares his thoughts on the situation.

ASEAN economies

ASEAN economies Given the currency and stock market turmoil which has gripped ASEAN's four largest members, it was expected that the 29th annual meeting of ASEAN ministers with economic portfolios in Kuala Lumpur last week would be much more than a routine gathering to evaluate the progress in the...

Government issues warning about escalating fires

Government issues warning about escalating fires JAKARTA (JP): Thick haze continued to blanket most parts of Sumatra and Kalimantan as the government issued another warning yesterday against escalating brush and forest fires.

RI and Britain inaugurate business council

RI and Britain inaugurate business council JAKARTA (JP): Indonesia and Britain inaugurated yesterday the Indonesian British Business Council as part of their long-term plan to boost bilateral trade.The council brings together a number of high ranking Indonesian and British business figures and will...

Teachers, students subject to ethical standards

Teachers, students subject to ethical standardsBy Mochtar Buchori JAKARTA (JP): When a teacher punishes a student in an outrageous manner, what happens?In most cases, nothing. In certain cases, the bureaucracy says, "We have not received any report yet concerning the incident.

Sutiyoso's intransigence

Sutiyoso's intransigenceFrom KompasI was attracted to a report in Kompas on Oct. 6 concerning a statement by Jakarta's new governor Sutiyoso. He said that if there were people soliciting services or favors from government agencies and referring to the governor as a relative, such requests should be...

China breaks loose from its wilderness years

China breaks loose from its wilderness yearsBy Harry Bhaskara The following article is based on a talk given by Dr. Wang Gungwu last Friday at the Centre for Strategic and International Studies and an interview with him together with Gatra magazine and Kompas daily. Dr.

Compensation for Crash victims

Compensation for Crash victims BANDA ACEH, Aceh: Garuda Indonesia presented yesterday compensation payment to relatives of 30 Acehnese passengers who died in the Garuda plane crash in Buah Nabar village, Sibolangit regency, North Sumatra.

Jakarta Bay developers want official go-ahead for project

Jakarta Bay developers want official go-ahead for project JAKARTA (JP): Some developers joining the ongoing reclamation project, which covers 2,700 hectares in Jakarta Bay, asked yesterday for legal assurance that the project will continue.

Three-in-one benefits the poor

Three-in-one benefits the poor I would like to comment on the proposed ending of Jakarta's three-in-one traffic system. Critics of the system, who say the car owners beat the system by paying "three-in-one boys" to be passengers, are short sighted.

Jakarta's traffic woes

Jakarta's traffic woes Public transportation conditions in this city of at least nine million are still most appalling. As a consequence, people prefer to use their own private means of transport. Another problem is that public activities are still mostly concentrated around the center of the city.

Sanwa, Bank Bali to tie up

Sanwa, Bank Bali to tie up TOKYO (AFP): Japan's Sanwa Bank Ltd. will tie up with five Asian banks including Indonesia's Bank Bali by sharing clients and consolidating transfers between their countries, a daily said yesterday.

New rates for tax payment

New rates for tax payment JAKARTA (JP): The government issued yesterday new official conversion rates as the basis for the payment of import duty, value-added tax on goods and services, sales tax on luxury goods, export and income taxes.The Ministry of Finance decree No. 513/KMK.

More funds needed for discipline drive

More funds needed for discipline drive JAKARTA (JP): A councilor urged the city administration yesterday to set aside more funds in the 1998/1999 fiscal year to finance the implementation of the National Discipline Movement.

Govt to review controversial press ban ruling, says Hartono

Govt to review controversial press ban ruling, says Hartono JAKARTA (JP): Minister of Information R. Hartono promised yesterday the government would review its regulations on the press, including the controversial 1984 ministerial decree that allows press banning.

Soeharto 'not likely to refuse renomination'

Soeharto 'not likely to refuse renomination' JAKARTA (JP): Politicians and observers said that despite expressing humility toward Golkar's support for presidential renomination, it is unlikely that Soeharto will refuse the candidacy.

Two Pakistanis to be deported

Two Pakistanis to be deported SEMARANG, C. Java: Immigration authorities here will soon deport two Pakistanis for abuse of their visas and are currently pursuing two others for the same reason, Antara reported.

Camdessus hopeful for RI deal soon

Camdessus hopeful for RI deal soon BORDEAUX, Paris (Reuters): International Monetary Fund (IMF) Managing Director Michel Camdessus said yesterday that IMF talks with Indonesia were extremely constructive and that he hoped for an important deal soon.

Sergeant's murder almost solved

Sergeant's murder almost solved JAKARTA (JP): City Police have almost completed their investigation into the shooting, last Friday, of Chief Sgt. Kamino at a low-cost apartment in Pejompongan, Central Jakarta.City Police spokesman Lt. Col. E.

Soeharto tells Prodi RI can deal with crisis

Soeharto tells Prodi RI can deal with crisis JAKARTA (JP): President Soeharto told visiting Italian Prime Minister Romano Prodi yesterday that the Indonesian government was confident that it would be able to cope with the currency upheaval.

Edwin may take over Van Der Horst

Edwin may take over Van Der Horst SINGAPORE (Reuters): Indonesian businessman Edwin Soeryadjaya has tabled proposals that would result in him taking over Singapore engineering and infrastructure firm Van Der Horst, Baring Brothers said yesterday.

Iwik says police forced him to confess to Udin's murder

Iwik says police forced him to confess to Udin's murder YOGYAKARTA (JP): D.S. alias Iwik told the Bantul District Court yesterday police forced him into admitting that he killed journalist Fuad M. Syafruddin in August last year.

Drought takes toll in Palembang, 'city of water'

Drought takes toll in Palembang, 'city of water'By Muhammad Suparni PALEMBANG (Antara): The city of Palembang in South Sumatra bears the alias of kota pempek, pempek is a fried fish-based cake served with a sour sauce.

ITT Sheraton introduces rupiah rates

ITT Sheraton introduces rupiah rates JAKARTA (JP): ITT Sheraton, a leading American hotel chain, has now used rupiah as the basis for payment of its rooms and other services at its nine hotels across the country in a bid to attract more corporate guests.

Regional currencies see no immediate respite

Regional currencies see no immediate respite SINGAPORE (Reuters): Southeast Asian currencies fell out of bed with a bump yesterday as dissatisfaction with Malaysia's budget and signs of political upheaval in Thailand spurred demand for dollars across the board.

Thai economy 'should grow by 2.7%'

Thai economy 'should grow by 2.7%' BANGKOK (AFP): Thailand's economy should grow by 2.7 percent this year and at 3.5 percent in 1998, but its volatile economy could result in minimal growth of just 0.2 percent next year, reports said yesterday.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting and Ceramics Exhibition: Manusia dan Alam Pikirannya, works of Firman, Tisna Sanjaya, Agus Suwage and Suyatna, at the Lontar Gallery. Jl. Utan Kayu 68 H East Jakarta, Monday to Saturday, 10 a.m. to 5 p.m., until Oct. 28.

Econ has option to own 31% stake in Centralindo

Econ has option to own 31% stake in Centralindo SINGAPORE (Reuters): Econ International Ltd said yesterday it had signed conditional agreements to subscribe for US$66.65 million exchangeable notes, which could be exchanged for shares in an Indonesian telecommunications firm.

Fear of fighting raised in RP

Fear of fighting raised in RP COTABATO, Philippines (AFP): A military build-up near the main camp of a Moslem insurgent group in the southern Philippines has raised fears that an attack could be imminent, insurgents and local officials said yesterday.The local military commander, Maj. Gen.

Badminton champion UN envoy

Badminton champion UN envoy JAKARTA (JP): The United Nations Development Program (UNDP) has named former world badminton champion Rudy Hartono as its first goodwill ambassador in Indonesia.Hartono, 48, is also eight-time All England badminton champion and coached Indonesia's team that won a gold...

BI moves to ease liquidity

BI moves to ease liquidity JAKARTA (JP): Bank Indonesia, the central bank, moved yesterday to cut the foreign exchange reserves requirement for commercial banks from 5 percent to 3 percent to add to the dollar supply in the market.

Dead miners worked illegally: Company

Dead miners worked illegally: Company JAKARTA (JP): State-owned PT Aneka Tambang explained yesterday that the five men who were killed at the Pongkor gold mine in Bogor on Saturday were not its employees.

Rupiah stabilizes as BI steps in

Rupiah stabilizes as BI steps in JAKARTA (JP): The rupiah dropped to the 3,685 level in the morning but managed to gain ground to stabilize at 3,620/40 against the opening of 3,600/50 due to the central bank's intervention, currency dealers said.

Indonesia seeks Italy's help to boost small firms

Indonesia seeks Italy's help to boost small firms JAKARTA (JP): Indonesia seeks more trade and investment cooperation with Italy, especially to strengthen the country's small and medium-sized businesses, the Indonesian Chamber of Commerce and Industry (Kadin) says.

Captains of tankers in Singapore oil spill arrested

Captains of tankers in Singapore oil spill arrested SINGAPORE (Agencies): The captains of two tankers which collided and caused the worst oil spill in Singapore's history have been arrested, officials said yesterday.

Goh Chok Tong here for bilateral talks

Goh Chok Tong here for bilateral talks JAKARTA (JP): Singapore's Prime Minister Goh Chok Tong arrived here yesterday for a two-day working visit as part of regular consultations among regional leaders.This morning Goh and President Soeharto will hold bilateral talks at Merdeka Palace to discuss...

Potential auto demand in Asia enormous: Auto parts supplier

Potential auto demand in Asia enormous: Auto parts supplier TOKYO (AFP): Potential demand for automobiles in Asia is still "enormous" despite a recent slump in the auto sector, particularly in Thailand, a major auto parts supplier to Ford Motor Co. said Monday.

Liverpool cotton body urged to improve rules

Liverpool cotton body urged to improve rules JAKARTA (JP): Indonesia has urged the Liverpool Cotton Association Ltd (LCA) in England to improve its arbitration and trading rules in anticipation of contract disputes in the cotton trade with ASEAN countries.

Court fines 38 soccer hooligans

Court fines 38 soccer hooligans JAKARTA (JP): Central Jakarta District Court fined yesterday 38 men who were arrested during Saturday's SEA Games soccer final at Senayan Stadium.Presiding judge Purwanto ordered the men, who were aged between 15 and 40, to pay fines ranging from Rp 2,000 (57 US...

Typhoon 'Ivan' tears into RP

Typhoon 'Ivan' tears into RP MANILA (Reuters): Typhoon Ivan, whipping up rough seas and fierce winds, slowed slightly yesterday as it pounded the north of the Philippines, the weather bureau said.The bureau urged people along the coast to move to high ground and said all ships in the area were in...

Four dead in traffic accident

Four dead in traffic accident BOGOR (JP): Four people died in an accident on the Jagorawi toll road in Sentul Selatan, Bogor, after a diesel-engine truck crashed into a trailer, traveling in the slow lane, early yesterday morning.

Villagers want access road

Villagers want access road BANDAR LAMPUNG, Lampung: Thousands of villagers of Way Haru and Bandar Dalam in West Lampung regency have called on the government to build an access road to their area and free them from isolation, Antara reported.

Gang of robbers target golf resort

Gang of robbers target golf resort TANGERANG (JP): About 10 armed robbers broke into the PT Takara Golf Resort's office in the village of Tapos, Tigaraksa, and stole two safety boxes and two sets of golf clubs early yesterday morning, police said.

Opposition warns of bloodshed in Bangladesh polls

Opposition warns of bloodshed in Bangladesh polls DHAKA (Agencies): Local elections in Bangladesh involving 50 million voters could end in bloodshed, Khaleda Zia, leader of the main opposition Bangladesh Nationalist Party (BNP), has warned, reports said yesterday.

Report on worker facing execution in Saudi verified

Report on worker facing execution in Saudi verified JAKARTA (JP): Reports of a female Indonesian worker who could face the death sentence if found guilty in Saudi Arabia have been confirmed by the labor supply company which sent her to the oil- rich country in 1993.

Where are our youths?

Where are our youths?From KompasOur beloved motherland is now in a state of turbulence because of smog from forest fires. The smoke has even spread to neighboring countries. Our President has twice conveyed his apologies to our neighbors.

Hyatt golf course

Hyatt golf course In reference to The Jakarta Post's edition of Monday, Oct. 20, we would like to request a correction from your newspaper regarding the article on page 11, where you reported about the Grand Opening of the Hyatt Regency Yogyakarta.

Four die, 21 missing in boat collision

Four die, 21 missing in boat collision PALANGKARAYA, C. Kalimantan: Four people died and 21 others are missing after their ship collided with a tugboat on the Barito River Sunday at 7 a.m., Antara reported.

Big bonuses for best SEAG athletes

Big bonuses for best SEAG athletes JAKARTA (JP): To honor the successful members of the Indonesian 19th SEA Games contingent, the organizing consortium and National Sports Council handed over bonuses in the form of insurance policies yesterday.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: Lucan 3:10 Teenager's Program: Remaja Indonesia 3:35 Music: Lagu Pop Daerah 4:00 Regional News 4:30 Science and Technology 5:00 English Lessons 5:30 Documentary Film 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved...