Indonesian Political, Business & Finance News

Archive: 24 October 1997

62 articles found

Over 250 illegal workers arrive from Saudi Arabia

Over 250 illegal workers arrive from Saudi Arabia JAKARTA (JP): The first batch of returning Indonesian workers being evacuated in a major airlift operation arrived here yesterday with 258 aboard a Garuda Indonesia flight.

Ad model faces counter lawsuit

Ad model faces counter lawsuit JAKARTA (JP): A German-Indonesian joint venture cosmetic company has filed a counter lawsuit at the South Jakarta District Court against an advertisement model over her statements about the firm.

Law supports comfort women's fight against injustice

Law supports comfort women's fight against injusticeBy Myint Zan BURWOOD, Victoria, Australia (JP): A recent news item indicated that former Filipino "comfort women" have lodged a lawsuit in a Japanese court to obtain monetary damages from the government of Japan.

Government issues permit for NU national conference

Government issues permit for NU national conference JAKARTA (JP): The government has given the go-ahead to the planned national conference of the Nahdlatul Ulama (NU) Moslem organization, ending widespread speculation over whether it would gain approval.

Despite IMF talks, RI to continue car program

Despite IMF talks, RI to continue car program JAKARTA (JP): The government is persistent in pursuing its controversial national car program despite ongoing negotiations with the International Monetary Fund (IMF) for financial assistance.

Tremors shake Bali and Lombok

Tremors shake Bali and Lombok DENPASAR, Bali: The holiday resort island of Bali and the adjacent island of Lombok, West Nusa Tenggara, were shaken by two mild tremors yesterday morning which sent residents scurrying out of their homes.The two earthquakes, lasting about 10 seconds, measured 5.

Man may get 12 years for killing thug

Man may get 12 years for killing thug JAKARTA (JP): A prosecutor demanded yesterday that the Central Jakarta District Court sentence a man to 12 years in jail for beating up an alleged hoodlum who died of his injuries.

Currency woes feared to turn into Asia-wide devaluations

Currency woes feared to turn into Asia-wide devaluations SINGAPORE (Reuters): Asia's currency crisis started life as an isolated speculative attack on the Thai baht, but now seems to have degenerated into an Asia-wide cycle of leap-frogging devaluations, with even the Hong Kong dollar now seen...

1997 SEA Games Results

1997 SEA Games ResultsSwimmingTeam (1 event):Men:Water polo: 1. Singapore 2. Indonesia 3. PhilippinesIndividual (38 events):Men:50m freestyle: 1. Richard Sam Bera (Ina) 0:00:23.40 2. Raymond Papa (Phi) 0:00:23.78 3. Ying Wah Leslie Kwok (Sin) 0:00:23.83100m freestyle: 1.

Function of DPR/MPR

Function of DPR/MPRFrom MerdekaLately, I have been following the debates concerning the respective abilities of military and civilian figures to lead our country, the composition and hierarchy of the members of the House of Representatives (DPR) and the People's Consultative Assembly (MPR), and the...

Malaysia rules out new steps

Malaysia rules out new steps KUALA LUMPUR (AFP): Malaysian Finance Minister Anwar Ibrahim yesterday ruled out additional steps to boost the beleaguered economy but said measures in the 1998 federal budget may be finetuned.

KL speeds up high-tech plans

KL speeds up high-tech plans KUALA LUMPUR (Reuters): Malaysia is speeding up development of its proposed high-technology Multimedia Super Corridor zone despite the crisis in its currency that has delayed other big projects, an MSC official said yesterday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 23, 1997: ------------------------------------------------------- Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 900 -50 35,000 AHAP Insurance 2,500 0 0 Alter Abadi...

Extended sale of stickers to go ahead

Extended sale of stickers to go ahead JAKARTA (JP): Governor Sutiyoso gave his support yesterday to the central government's decision to extend the sale of SEA Games stickers until Dec. 31."As the central government has decided to extend the sale, we will follow that decision," the governor said.

Freight rates to Asia soar with high demand

Freight rates to Asia soar with high demand LONDON (Reuters): The market is booming for very large crude carriers (VLCC) with freight rates to Asia hitting their highest point since the 1991 Gulf War.The price of transporting crude oil from the Middle East to Japan has reached almost $12 a ton,...

Leaded and unleaded gas

Leaded and unleaded gas In reference to the article Leaded gas endangers Jakartans' health: Expert (Oct. 17, page three), the information given by Hugo Sager, an expert of Swisscontact, is useful but unfortunately incomplete and might create an unbalanced opinion about the consequences of using...

Hong Kong stirs up shaky SE Asian currencies

Hong Kong stirs up shaky SE Asian currencies SINGAPORE (Reuters): Southeast Asian currencies redefined volatility yesterday as the bottom fell out of Hong Kong's stock market and triggered shock waves across most of Asia.

Singgih admits drop in corruption cases

Singgih admits drop in corruption cases JAKARTA (JP): Attorney General Singgih confirmed yesterday the decline in the number of reported corruption cases over the past few years, but conceded it could be due to the increasingly sophisticated mode of the practice.

SE Asian crisis batters feed and flour mill firms

SE Asian crisis batters feed and flour mill firms SINGAPORE (Reuters): Southeast Asia's currency crisis has driven some feed and flour mill companies to the brink of collapse while others are shying away from any buying until they have to, traders said yesterday"Everybody is bleeding.

Twenty-seven prostitutes rounded up in Bogor raid

Twenty-seven prostitutes rounded up in Bogor raid BOGOR (JP): Bogor Police have rounded up another 27 prostitutes, raising to 127 the number of sex workers caught in a series of law enforcement operations during the last three months.The Bogor Police chief, Col.

Irian Jaya youth rally over famine

Irian Jaya youth rally over famine JAKARTA (JP): A group of Irian Jaya youths demonstrated yesterday at the House of Representatives demanding immediate action to allay the drought-related famine in the country's easternmost province.

Rupiah stable as stocks fall below 500-point level

Rupiah stable as stocks fall below 500-point level JAKARTA (JP): The rupiah stabilized against the American greenback as the central bank intervened in the market while the stock market bore the brunt of weakening regional markets, dealers and brokers said.

Bank Bira plans rights issue to boost paid-up capital

Bank Bira plans rights issue to boost paid-up capital JAKARTA (JP): Publicly listed Bank Bira said yesterday it was confident it would achieve its 1997 net profit projection of Rp 75 billion (US$20.8 million) despite the currency crisis and high interest rates.

Hariyanto Arbi, Susi Susanti top IBF men's, women's lists

Hariyanto Arbi, Susi Susanti top IBF men's, women's lists JAKARTA (JP): Indonesia's Hariyanto Arbi returned to the top of the International Badminton Federation (IBF) men's singles world rankings Wednesday.

Aussie dairy firm helps nutrition drive

Aussie dairy firm helps nutrition drive JAKARTA (JP): The Australian Dairy Corporation (ADC), a Victoria-based marketing authority, in cooperation with the city administration will launch a good nutrition campaign for primary school children in Jakarta.

Preserving good tie

Preserving good tie President Soeharto and Singaporean Prime Minister Goh Chok Tong Wednesday ended their second bilateral meeting this year, the first having been held in March. As is to be expected from encounters among friends, those meetings have also served to sustain the tradition of routine...

Where to go in Surabaya, for Friday, Oct. 24, 1997

Where to go in Surabaya, for Friday, Oct. 24, 1997Music and Entertainment * Novotel Surabaya Hotel & Suites, Jl. Ngagel 173-175: - Dahana Lounge Bar: Happy Hour at 5:30 p.m. to 7:30 p.m., Los Javados Acoustic music. - Puri Pool Bar: Happy Hour at 5:30 p.m. to 7:30 p.m.

Bogor-airport bus route opens

Bogor-airport bus route opens BOGOR (JP): State-run land transportation company DAMRI started operating 10 shuttle buses linking Bogor to Soekarno- Hatta International Airport yesterday.The route was created in a bid to meet the rising demand for direct transportation from Bogor to the airport in...

Day turns into night as haze worsens in Sumatra

Day turns into night as haze worsens in Sumatra JAKARTA (JP): Night and day were almost indistinguishable in some cities in Sumatra as thick haze limited visibility to a minimum and the danger of respiratory problems increased yesterday.

The Listening Post

The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * MetLife comes to Indonesia, and all the way to "The Listening Post.

Smog halts oil spill clean up

Smog halts oil spill clean up SINGAPORE (Reuters): Smog from Indonesian forest fires thickened in neighboring Singapore yesterday and prevented helicopters flying to slicks from a major oil spill, officials said.

Govt to raise telephone rates by 6.47 percent

Govt to raise telephone rates by 6.47 percent JAKARTA (JP): The government will raise telephone charge rates by a maximum of 6.47 percent for next year, a senior official said yesterday.Secretary-General of the Ministry of Tourism, Post and Telecommunications Jonathan L.

Where to go in Bali for Friday, Oct. 24, 1997

Where to go in Bali for Friday, Oct. 24, 1997Music and entertainment * Nikko Bali Hotel: - Kupu-kupu Amphitheater, Balinese dance performances at 9 p.m. to 10 p.m., Legong Dance, on Tuesday, Joged Bumbung, on Thursday, Ramayana, on Saturday.

Austrian embassy told to hand over asylum seekers

Austrian embassy told to hand over asylum seekers JAKARTA (JP): Minister of Foreign Affairs Ali Alatas said yesterday that the government would not allow two of six East Timorese seeking asylum at the Austrian Embassy to leave this country because of their involvement in terrorism.

Currency woes hit metal marts

Currency woes hit metal marts PERTH (Reuters): Demand for metals in Southeast Asia has fallen off dramatically due to the region's currency crisis, industry executives and traders said yesterday.Orders for zinc and nickel, widely used in steelmaking, are showing signs of softening as countries such...

Politically insightful

Politically insightful The article written by Mr. Mochtar Pabottingi on the front page of your Oct. 22 edition was one of the most politically insightful and morally courageous articles I have seen published on contemporary Indonesian politics.

Inadequate banking ties 'inhibit countertrade'

Inadequate banking ties 'inhibit countertrade' JAKARTA (JP): Developing countries faced difficulties in conducting countertrade due to the lack of direct banking relationships between them, the chairman of the Tirtamas Group, Hashim Djojohadikusumo, said here yesterday.

RP official blasts bishops

RP official blasts bishops MANILA (DPA): A top welfare official blasted "narrow-minded" Catholic bishops for condemning condoms ahead of an international AIDS conference while "pro-life" groups plastered banners yesterday throughout the Philippine capital.

Two tried for drug dealing

Two tried for drug dealing JAKARTA (JP): Two men were indicted at West Jakarta District Court yesterday for trying to sell 100 Ecstasy pills worth about Rp 2.8 million (US$777.70).Prosecutor Ohoi Ulun said the two defendants, identified as Anam Yacob, 31, and Ali Hartono, 29, were arrested at...

MIT's Dornbusch says SE Asian turmoil not over

MIT's Dornbusch says SE Asian turmoil not over NEW YORK (Reuters): Rudiger Dornbusch, professor of economics at Massachusetts Institute of Technology (MIT), on Wednesday said the financial instability that has rocked Southeast Asia in recent months has not yet ended.

'MTV' looks for new Indonesian VJ

'MTV' looks for new Indonesian VJ JAKARTA (JP): MTV (Music Television) has begun its search for a new Indonesian video jockey (VJ).The hunt will span all of the country over the next two months, with events and radio promotions in Jakarta, Bandung, Surabaya and Semarang.

Consortium owes banks Rp 40b for SEA Games

Consortium owes banks Rp 40b for SEA Games JAKARTA (JP): The 19th SEA Games consortium has borrowed Rp 40 billion (US$11.1 million) from banks to cover its spending during the Rp 105 billion biennial event.

Late paper

Late paper Due to engine trouble with a Bouraq airplane which carries The Jakarta Post to Surabaya every day, the Post did not reach its readers in East Java yesterday. The Bouraq flight departed for Surabaya from Jakarta at 3:20 p.m. yesterday instead of its regular schedule of 6:15 a.m.

TV Program: Friday, Oct. 24, 1997

TV Program: Friday, Oct. 24, 1997TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Kelly 3:10 Student's Program: Tunas 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Agriculture 2000 5:30 Performance: Gatra Kencana 6:00 News:...

SE Asian crisis to be debated at APEC forum

SE Asian crisis to be debated at APEC forum MANILA (AFP): The currency crisis affecting Southeast Asia and environmental threats such as the El Nio atmospheric phenomenon will be among topics raised by the United States during the APEC leaders forum in Canada next month, a U.S.

Myanmar: AIDS and the state's policies

Myanmar: AIDS and the state's policies In Myanmar, the campaign to control the spread of AIDS is hampered by the military regime's archaic policies, writes Satya Sivaraman of Inter Press Service. YANGON: Seven years after launching a national AIDS program, military-ruled Myanmar's efforts at...

Moslem seek pact with presidential hopefuls

Moslem seek pact with presidential hopefuls MANILA (DPA): Leaders of the Philippines' violence-wracked Mindanao island challenged yesterday presidential hopefuls to "sign a covenant" promising greater representation of the Moslem region in the national government.

Coral reefs in Maluku in danger

Coral reefs in Maluku in danger AMBON, Maluku: Ecologists have expressed their concern over the rapid devastation of Ambon Bay's coral reefs due to dockyard establishment and industrial waste.A researcher from the National Institute of Sciences' Oceanology Research and Development Center, Heryanto,...

Kim leading thanks to some luck

Kim leading thanks to some luck This is the second of two articles by Harvey Stockwin analyzing Kim Dae-jung's prospects in the upcoming Korean election. HONG KONG (JP): So what has changed now to give Kim Dae-jung an obvious fighting chance? For once, he has had some luck, something which seemed...

Falling iron block kills city worker

Falling iron block kills city worker JAKARTA (JP): A construction worker died Wednesday after being stuck on the head by a falling iron block the previous day at a project site on Jl. Kuningan Barat, in Mampang Prapatan, South Jakarta.

Cut Meutia Mosque to be renovated

Cut Meutia Mosque to be renovated JAKARTA (JP): The municipality is planning to renovate Cut Meutia Mosque in Central Jakarta thanks to the sponsorship of a noted businessman, Deputy Governor for Welfare Affairs Djaelani said.

Merpati fails to break even this year

Merpati fails to break even this year JAKARTA (JP): State-owned air carrier Merpati Nusantara Airlines, which has suffered from long-term financial troubles, will not breakeven this year following the sharp depreciation of the rupiah, the company's president said.

Cakrawarta satellite to be insured for $115m

Cakrawarta satellite to be insured for $115m JAKARTA (JP): PT Media Citra Indostar, the owner and operator of Indonesia's first broadcasting satellite Cakrawarta 1, and its partner Orbital International will insure the satellite for US$115.76 million, in case of total loss, and US$95.

Pesci brightens up comedy in '8 Heads in a Duffel Bag'

Pesci brightens up comedy in '8 Heads in a Duffel Bag'By Laksmi Pamuntjak-Djohan JAKARTA (JP): Since this is a comedy, let's first of all grant it the light heart it deserves. We're not looking for depth, just laughs, and on that score 8 Heads in a Duffel Bag delivers aplenty.

SE Asian financial crisis to knock global growth

SE Asian financial crisis to knock global growth LONDON (Reuters): Financial upheaval in Southeast Asia will take its toll on the global economy but the brunt of the impact will be limited to that region, analysts said yesterday.

Market fire guts shops and kiosks

Market fire guts shops and kiosks MATARAM, West Nusa Tenggara: Fire gutted at least 70 shops and kiosks at an old market in Raba Bima, the capital of Bima regency, West Nusa Tenggara yesterday.There were no reports of casualties, Antara said.

Jobless man stabbed to death

Jobless man stabbed to death JAKARTA (JP): A jobless man was stabbed to death in Kampung Bali in Tanah Abang, Central Jakarta, early yesterday.The victim was identified as M. Irwan, 26, a resident of Kampung Bali, said Agus Slamet, one of the victim's relatives.

Thailand cabinet shuffle in limbo

Thailand cabinet shuffle in limbo BANGKOK (Reuters): Thailand spent another day in political limbo yesterday, with party leaders still locked in discussion over who should be in the country's next cabinet.

Japan and UAE in fight for World Cup survival

Japan and UAE in fight for World Cup survival TOKYO (AFP): Japan and United Arab Emirates will fight a battle for World Cup survival this weekend in the Asian qualifying tournament.Saudi Arabia and Iran play an equally important match in the second group today, as the Asian qualifying contest...

Where to go in Jakarta: Friday, Oct. 24, 1997

Where to go in Jakarta: Friday, Oct. 24, 1997Exhibitions * Painting Exhibition: Hugo Von Pedersen (1870-1958), a Danish artist in Indonesia and Francois Brochet, a French artist expressing the beauty of Indonesia, at Duta Fine Arts Foundation, Jl. Kemang Utara 55A, South Jakarta, daily at 10 a.m.

Army locates hideouts of suspected murderer

Army locates hideouts of suspected murderer JAKARTA (JP): A Jakarta military command spokesman, Lt. Col. DJ Nachrowi, said yesterday that his office had located several hideouts used by the alleged killer of Army officer Chief Sgt. Ahmat Tohir.

Govt asked to protect indigenous businesspeople

Govt asked to protect indigenous businesspeople JAKARTA (JP): A government ruling that keeps people of Chinese descent from business fields traditionally run by their indigenous counterparts will avoid further ethnic tension, former minister of home affairs Rudini suggested yesterday.