Indonesian Political, Business & Finance News

Archive: 3 October 1997

53 articles found

Surjadi hopes Jakarta will become great city

Surjadi hopes Jakarta will become great city JAKARTA (JP): Outgoing Governor Surjadi Soedirdja says he hopes his successor will continue developing Jakarta to become one of the world's great cities, and one where the gap between rich and poor narrows.

Subrata leaves post, replaced by Dailami

Subrata leaves post, replaced by Dailami JAKARTA (JP): Dailami was inducted yesterday as the new director general of press and graphic development, a key post overseeing the development of the national press, replacing Subrata.Subrata, 57, was assigned as president of the government printing office.

The risky business of bank transfers

The risky business of bank transfers I have been a reader of The Jakarta Post since the day I arrived in Indonesia, hence my decision to send this letter.I am French and my wife, who is pregnant, still lives in Paris.

Bank scam mastermind 'has fled abroad'

Bank scam mastermind 'has fled abroad' JAKARTA (JP): The owner of Bank Dwipa and alleged mastermind of a Rp 200 billion (US58.83 million) scam at the bank has fled overseas, according to the police.Bambang Samiono left Jakarta before the Immigration Office banned him from leaving the country,...

Kids hospitalized for food poisoning

Kids hospitalized for food poisoning AMBON, Maluku: Almost 270 elementary schoolchildren in the province of Maluku were hospitalized for food poisoning after they ate state-sponsored food supplements, Antara news agency reported Tuesday.The head of Maluku's education department, A.

Rupiah regains strength, stocks weak

Rupiah regains strength, stocks weak JAKARTA (JP): The rupiah sharply recovered yesterday against the U.S. dollar in early trading but weakened in the afternoon on a surge in demand for the greenback.Share prices on the Jakarta Stock Exchange (JSX) lost several points at close in thin trading.

Hitachi estimates 50% drop in sales

Hitachi estimates 50% drop in sales JAKARTA (JP): PT Hitachi Construction Machinery Indonesia, a heavy machineries producer, expects a 50 percent drop in sales this year partly due to the government's belt-tightening program.

Singapore smog could put a stop to outdoor work

Singapore smog could put a stop to outdoor work SINGAPORE (Reuter): Singapore said yesterday all outdoor work should stop if the smog which had settled over the island republic got any worse.If the Pollutants Standard Index (PSI), which measured the quality of the air, topped 400 then all outdoor...

Haze disaster

Haze disasterFrom Berita YudhaThe haze from forest fires covering part of the country is a cause of great concern. The material loss is incalculable, so is the impact on work and health conditions. The disaster also affects people psychologically.The haze has also reached Malaysia.

IBM expects lower sales growth this year

IBM expects lower sales growth this year JAKARTA (JP): PT Usaha Sistim Informasi Jaya, distributor of IBM's products and services in the country, expects a lower sales growth this year due to the currency crisis.

Nation concerned over forest fires, says Soeharto

Nation concerned over forest fires, says Soeharto JAKARTA (JP): President Soeharto reiterated yesterday the country's concern over the ongoing national disaster of fires that were still razing the nation's forests.

Indosat selects vendors

Indosat selects vendors JAKARTA (JP): Three telecommunications equipment giants, Nortel of Canada, Nokia of Finland and Ericsson of Sweden, are competing to be the vendor of PT Indosat's Personal Communication Network (PCN) project.

Where to go in Bali:

Where to go in Bali:Music 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. - Oo Looloos Santap Restaurant presents live music daily except Monday at 9 p.m.

Where to go in Surabaya:

Where to go in Surabaya:Music 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.

Surjadi bids farewell to hacks

Surjadi bids farewell to hacks JAKARTA (JP): Outgoing Governor Surjadi Soedirdja bid farewell to City Hall reporters at Putri Duyung Cottage in Ancol, North Jakarta, Wednesday night.During the meeting Surjadi, whose term of office ends Monday, described how much attention he paid to media reports.

Share prices tumble on currency concerns

Share prices tumble on currency concerns HONG KONG (AFP): Share markets across Asia Pacific tumbled yesterday on the concerns over currency volatility, dealers said.Regional currency traders faced a tough time when the ringgit, rupiah and peso hit all-time lows, taking with them the usually...

Poll shows students' choice of president

Poll shows students' choice of president YOGYAKARTA (JP): A small-scale polling held at Gadjah Mada University showed that 39.1 percent of student respondents want to have a president with an "intellectual background".

Social pressure may lead to teachers' violent behavior

Social pressure may lead to teachers' violent behavior YOGYAKARTA (JP): An observer attributes a recent spate of reported violence in classrooms to social pressure and the changing status of teachers in society.

No need for decree on human rights charter: Golkar

No need for decree on human rights charter: Golkar JAKARTA (JP): Golkar threw a wet blanket yesterday on the motion to have an Indonesian bill of human rights deliberated and adopted as a decree by the People's Consultative Assembly (MPR).

Students to be mobilized to support Games

Students to be mobilized to support Games JAKARTA (JP): The Ministry of Education and Culture's city office is to proceed with its plan to mobilize students to support the 19th SEA Games.Office spokesman Hadis Hadianegara told The Jakarta Post yesterday that his office had sent schedules of the...

A logical solution to forest fires

A logical solution to forest firesFrom Media IndonesiaDuring the past few months, Minister for the Environment Sarwono Kusumaatmadja has been busy trying to solve the problems of forest fires and the resulting thick smog covering parts of Kalimantan and Sumatra.

Thin haze to cover capital Jakarta, Sunda Straits

Thin haze to cover capital Jakarta, Sunda StraitsBy Edith Hartanto JAKARTA (JP): The National Meteorology and Geophysics Agency has predicted that air quality in the capital and Sunda Straits will be affected by haze in the next two weeks due to the forest fires in Central and East Java.

Smoke disaster and our responsibility

Smoke disaster and our responsibilityFrom Media IndonesiaPresident Soeharto has instructed all relevant government agencies to fight the forest fires in Sumatra and Kalimantan. We can now to see these agencies working to come to grips with the disaster.

Senayan sports complex doubles as shopping mall

Senayan sports complex doubles as shopping mallBy Carl Chairul JAKARTA (JP): When the late Indonesian president Sukarno instructed his aides to build Gelora Senayan for the fourth Asian Games 40 years ago, all he had in mind was the largest sports complex in Asia.

Investment realization this year down: Minister

Investment realization this year down: Minister JAKARTA (JP): The realization of investment approvals in the country will be lower than the initial target due to the currency crisis, State Minister of Investment Sanyoto Sastrowardoyo said yesterday.

Goodyear sees lower sales

Goodyear sees lower sales NEW YORK (Reuter): Goodyear Tire & Rubber Co, the largest U.S. tire maker, said on Wednesday that third quarter sales in Asia dropped due to currency turmoil but were offset by strong sales in the Americas.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 2, 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 Alumindo...

Harmoko elected House speaker

Harmoko elected House speaker JAKARTA (JP): The chairman of the dominant Golkar faction Harmoko was smoothly elected yesterday as speaker of both the House of Representatives and the People's Consultative Assembly (MPR) for the 1997/2002 term.

Greed proves costly for two female shoplifters

Greed proves costly for two female shoplifters JAKARTA (JP): Two women, one of whom is an elderly housewife, have been arrested for allegedly stealing 10 pairs of children's pants at Plaza Tomang Tol store in Kalimalang, East Jakarta.City Police Spokesman Lt. Col. E.

New rates set for tax payment

New rates set for tax payment JAKARTA (JP): The government announced yesterday new official conversion rates as the basis for payment of import duty, value added tax on goods and services, sales tax on luxury goods, export tax and income tax.According to the Minister of Finance Decree no.493/KMK.

Mike Cunning takes first lead in Singapore

Mike Cunning takes first lead in SingaporeBy Bobby Allen Wilson SINGAPORE (JP): American Mike Cunning took the first round lead today in the US$200,000 Yokohama Singapore PGA Championship at Raffles Country Club and promptly admitted that his record in Asia drove him crazy.

No politics, Belo tells pilgrims

No politics, Belo tells pilgrims DILI, East Timor: Dili Bishop Carlos Filipe Ximenes Belo called on Catholics participating in a pilgrimage to Mt. Ramelau next Sunday and Monday not to engage in any political action.

Five people die in boat accident

Five people die in boat accident PALEMBANG, South Sumatra: Five died and four others went missing when a motorboat carrying 48 schoolchildren collided with the Soopanava cargo boat in the Musi River, Musi Banyuasin regency, on Wednesday, Antara reported yesterday.

God Bless to perform in five cities

God Bless to perform in five cities JAKARTA (JP): Rock band God Bless will take the stage after an eight-year hiatus to promote their new album Apa Kabar? (How are you?).Vocalist Achmad Albar, keyboard-player Yocky Suryoprajogo, drummer Teddy Sujaya, bassist Dony Fattah and guitarists Ian Antono...

Former BI employee sues 'Forum Keadilan'

Former BI employee sues 'Forum Keadilan' JAKARTA (JP): A former officer of state-owned Bank Indonesia, Anthony MT Siregar, is suing the biweekly magazine Forum Keadilan for Rp 11 billion (US$3.23 million) for alleged defamation.The suit is connected to a report in the magazine's Sept.

Antiterrorism talks to be held

Antiterrorism talks to be held TOKYO (AFP): Japan and the Association of Southeast Asian Nations (ASEAN) will hold a forum to discuss antiterrorism measures in Tokyo next week, the Japanese foreign ministry said yesterday.

Gandhi school donates Rp 20m

Gandhi school donates Rp 20m JAKARTA (JP): Gandhi Memorial International School presented a donation of Rp 20 million (US$6,666) yesterday to the Gerakan Orang Tua Asuh (national foster parents movement) in celebration of Mahatma Gandhi's 128th birthday.The school's principal A.P.

Political analysts wary about calls for strong House

Political analysts wary about calls for strong House JAKARTA (JP): Political observers lauded yesterday President Soeharto's call for a strong House of Representatives, but also expressed doubt that it could be achieved under the current political situation.

Indosat given option to buy 'TPI' shares

Indosat given option to buy 'TPI' shares JAKARTA (JP): Publicly listed international telecommunications provider, PT Indosat, agreed yesterday to buy convertible bonds worth Rp 150 billion (US$45.4 million) issued by PT Cipta Televisi Pendidikan Indonesia (TPI).

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.

Germany 'rediscovers' all that Indonesia has to offer

Germany 'rediscovers' all that Indonesia has to offerBy Bruce Emond JAKARTA (JP): When people ask German Ambassador to Indonesia Dr. Heinrich Seemann what Indonesia is really like, he tells them to look out of the windows in his office at Jl. MH Thamrin's vibrant skyline.

Paying respect to Polar Yanto Tanoto

Paying respect to Polar Yanto Tanoto Polar Yanto Tanoto was a fine gentleman. He spent several years in the remotest parts of this country and made immense contributions toward the industrial development of the nation, in general, and the pulp and paper industry, in particular.

French comic trio uses hijinks in going for laughs

French comic trio uses hijinks in going for laughsBy Emilie Sueur JAKARTA (JP): A jacket with a carnation in the buttonhole, a pair of pants, complete with scruffy kneepads, held up by suspenders and a common truck driver's vest: where could this motley fashion arrangement come from but France?The...

RP fights child sex abuse

RP fights child sex abuse MANILA (AP): The Philippines and Australia are completing an agreement to combat the sexual abuse of Filipino children, Australian Ambassador Miles Kupa said yesterday.Australia also intends to strengthen its defense ties with the Philippines and other Southeast Asian...

Garuda resumes flights of Airbus A-300 B4 fleet

Garuda resumes flights of Airbus A-300 B4 fleet JAKARTA (JP): Garuda's fleet of Airbus A-300 B4s, one of which crashed last week in Sibolangit, North Sumatra, killing all people on board, has resumed operations after a routine inspection.

Thailand only expects 90 golds in SEA Games

Thailand only expects 90 golds in SEA Games JAKARTA (JP): Thailand will only target to win 90 gold medals at the 19th SEA Games here next week, an official said yesterday.Thailand's chief-de-mission secretary-general Lt. Col.

Dewi steps to first tee in Indonesian Ladies Amateur Open

Dewi steps to first tee in Indonesian Ladies Amateur Open JAKARTA (JP): Consistent play from the moment she stepped on to the first tee yesterday gave Dewi Suhartati the day's best score, 78, and the lead by two shots after the second round of three in the Indonesian Ladies Amateur Open at Cikarang...

Former Thai premier wants quick cabinet reshuffle

Former Thai premier wants quick cabinet reshuffle BANGKOK (AFP): Former Thai premier Chatichai Choonhavan, a key leader of the six-party governing coalition, wants a swift cabinet reshuffle to boost the country's struggling economy, reports said yesterday.

Coordination of Greater Jakarta development poor

Coordination of Greater Jakarta development poor JAKARTA (JP): The head of the agency in charge of coordinating development programs in Greater Jakarta said yesterday that arduous and time-consuming procedures were causing his organization numerous problems.E.

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 * "Men in Black?" growls Mr. Black. "That piece of junk?" Mark Notzon sits up and prepares his defense.

Soedirman conferred five stars posthumously

Soedirman conferred five stars posthumously JAKARTA (JP): Armed Forces Commander Gen. Feisal Tanjung presented yesterday a honorary five-star general rank to the late Soedirman, the founding father of the Armed Forces.

Former athlete beaten to death

Former athlete beaten to death JAKARTA (JP): A former national pencak silat athlete was beaten to death Wednesday night by about 20 people in an apparently unmotivated attack near the Klender market in East Jakarta.

Brunei optimistic in 19th SEA Games

Brunei optimistic in 19th SEA Games As the Southeast Asian Games XIX draw near, The Jakarta Post will run profile of each of the 10 participating countries. The story below is the first of the series. JAKARTA (JP): Despite relatively little preparation for this year's Southeast Asian Games and no...