Archive: 1 November 1997
60 articles found
Sat, 01 Nov 1997, 00:00 WIB
Golkar's choice of Soeharto wins more support
Golkar's choice of Soeharto wins more support JAKARTA (JP): A pattern of increasing public statements backing President Soeharto for the 1988/2003 presidency is starting to emerge in the wake of Golkar's decision two weeks ago to nominate him as the faction's choice.
Sat, 01 Nov 1997, 00:00 WIB
IMF announces $23b aid package for Indonesia
IMF announces $23b aid package for Indonesia WASHINGTON (Reuters): The International Monetary Fund announced yesterday a $23 billion multilateral financial package involving the World Bank and Asian Development Bank to help Indonesia stabilize its financial system.
Sat, 01 Nov 1997, 00:00 WIB
DGS realigns shareholding
DGS realigns shareholding JAKARTA (JP): PT Hasilnusa Buana has bought from PT Hasil Samudera Laut 92,975,040 shares in publicly listed PT Daya Guna Samudera (DGS) for Rp 5,000 per share through a cross transaction in the Surabaya Stock Exchange. Both PT Hasilnusa Buana and PT Hasil Samudera Laut are owned by the Burhan Uray family.
Sat, 01 Nov 1997, 00:00 WIB
Stock market shrugs off IMF-led aid package announcement
Stock market shrugs off IMF-led aid package announcement JAKARTA (JP): Trading activities on the Jakarta Stock Exchange (JSX) shrugged off the government's announcement on the IMF-led aid package plan yesterday, with most shares losing ground in active trading. The JSX Composite Index, which booked a rare gain on Thursday, dropped by 2.45 points to close at 500.41 on profit taking. Total turnover was 801.938 million shares valued at 1 trillion rupiah (US$282.53 million).
Sat, 01 Nov 1997, 00:00 WIB
RI's aviation rating
RI's aviation rating WASHINGTON (AP): The Federal Aviation Administration has upgraded its rating of Indonesia's aviation regulations to acceptable. Indonesia had been rated only "conditional," following a 1996 assessment. The upgrade means that the country now meets the safety standards of the International Civil Aviation Organization. Airlines from countries that fail to meet those standards are not permitted to fly to or from the United States.
Sat, 01 Nov 1997, 00:00 WIB
Memento rings
Memento rings From Media Indonesia Some relevant parties have stated that the case related to memento rings for former legislators is now closed. However, have things really stopped here? Does the whole thing simply mean returning the rings to the party who made them available and waiting for new ones, which will conform to the specification desired?
Sat, 01 Nov 1997, 00:00 WIB
Nursalim's firms and bank not affected
Nursalim's firms and bank not affected JAKARTA (JP): The abduction of business tycoon Sjamsul Nursalim, the owner of Bank Dagang Negara Indonesia (BDNI) and chairman of the Gadjah Tunggal business group, will not affect the performance of his companies, an executive of the bank said yesterday. BDNI's head of public relations, Rudi Deswandy, said that the money used to pay the ransom demanded by the alleged kidnappers was not obtained from the bank's own accounts.
Sat, 01 Nov 1997, 00:00 WIB
Where to go in Jakarta: Saturday, Nov. 1, 1997
Where to go in Jakarta: Saturday, Nov. 1, 1997 Exhibitions * Batik Exhibition, by Maartri Djorghi, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No. 24A South Jakarta, 11:30 a.m. to 12 p.m., Nov. 1-8. * Painting Exhibition, by Laila Dempster, at Shangri-La, Jl. Jend. Sudirman Kav. 1, Central Jakarta, until Nov. 2. * Painting Exhibition: From Mooi Indie to Persagi, at Museum Seni Rupa Jakarta, Jl. Taman Fatahilah, West Jakarta, on Tuesday to Friday, Sunday at 9 a.m. to 3 p.m., Saturday 9 a.m.
Sat, 01 Nov 1997, 00:00 WIB
Vietnam internet to be expensive
Vietnam internet to be expensive HANOI (Reuters): Vietnam said yesterday it was more or less on track to launch public access to the internet in mid-November, but installation and monthly subscription costs may be beyond the reach of most of its 77 million population. An official at the Directorate-General of Posts and Telecommunications told Reuters that the latest in a string of planned start dates, Nov. 14, was looking good.
Sat, 01 Nov 1997, 00:00 WIB
Factions back to barracks to avoid deadlock
Factions back to barracks to avoid deadlock JAKARTA (JP): Legislators at the People's Consultative Assembly (MPR) were forced yesterday to return to their respective factions for consultation following a deadlock in deliberations on the state policy guidelines. The glitch was on the question of whose draft of state policy guidelines was to be used as a reference for creating the new guidelines.
Sat, 01 Nov 1997, 00:00 WIB
Scripless trading to boost markets
Scripless trading to boost markets JAKARTA (JP): The transaction volume of trading in the Jakarta and Surabaya stock markets is expected to triple when scripless trading is introduced next June. Scripless Trading Committee Chairman Surdiyanto Suryodarmodjo said here yesterday that scripless trading would allow investors and brokerage firms to transfer shares and funds through an electronic system. "When scripless trading is introduced, transaction volume is expected to increase.
Sat, 01 Nov 1997, 00:00 WIB
Police step up cannabis crackdown
Police step up cannabis crackdown MEDAN, North Sumatra: Police in Aceh and North Sumatra this month are stepping up efforts to wipe out cannabis distribution in anticipation of the poppy harvest season. A North Sumatra police source was quoted by Antara yesterday as saying that the last three months of the year are known as harvest months for cannabis growers. In operations which began this week, authorities here have already seized over a dozen kilograms of cannabis leaves and plants. (mds)
Sat, 01 Nov 1997, 00:00 WIB
Crisis profits local export food firms
Crisis profits local export food firms YOGYAKARTA (JP): The currency crisis, which has been affecting the country since early July, has brought in a windfall of profit to export-oriented food companies, a prominent Indonesian businessman has said. Speaking at a seminar attended by members of the Association of Indonesian Managers Thursday night, Bob Sadino revealed that his business was relatively unaffected by the crisis.
Sat, 01 Nov 1997, 00:00 WIB
Private power companies seek incentives from PLN
Private power companies seek incentives from PLN JAKARTA (JP): Private power companies would refuse to renegotiate with state-owned electricity company PLN over prices unless PLN offered incentives, industry sources said yesterday. Sources said PLN's latest proposal to renegotiate with private power companies over prices was understandable, in light of the difficulty PLN faced since it had to buy private power at prices settled in dollars before the monetary crisis began.
Sat, 01 Nov 1997, 00:00 WIB
200 JakJazz musicians to rock Jakarta
200 JakJazz musicians to rock Jakarta JAKARTA (JP): About 200 well-known foreign and local jazz musicians are expected to perform at the annual Jakarta International Jazz Festival (JakJazz) from Nov. 7 to Nov. 9. JakJazz's creator Ireng Maulana said yesterday that foreign participants in the city's festival include saxophone player Dave Koz, known for his rendition of Oddie Agam's composition Sinaran, and singer Phil Perry. The British band Incognito and the L.A.
Sat, 01 Nov 1997, 00:00 WIB
City to act against Tanah Abang hoodlums
City to act against Tanah Abang hoodlums JAKARTA (JP): Central Jakarta Mayor Andi Subur Abdullah said yesterday that his public order officers, in cooperation with the Armed Forces, are to crack down on hoodlums operating at the Tanah Abang market in Central Jakarta as of Monday. Andi said the plan to rid the area of thugs has been approved by the city police and Jakarta Military Command chiefs.
Sat, 01 Nov 1997, 00:00 WIB
'I didn't mean to use doping,' Tonton tells hearing
'I didn't mean to use doping,' Tonton tells hearing BANDUNG (JP): "I didn't mean to use banned substances," Indonesian cyclist Tonton Susanto said with a gloomy face at a hearing with the Indonesian Cycling Association and the association's West Java branch officials yesterday. Tonton, who won two golds, was found guilty of using fencafamine after winning the 40kms Individual Time Trial (ITT) on Oct. 12. His other gold came from the individual road race.
Sat, 01 Nov 1997, 00:00 WIB
Garuda Indonesia to get MD-11ER jet
Garuda Indonesia to get MD-11ER jet JAKARTA (JP): Barring any delays, national air carrier Garuda Indonesia will receive tomorrow its third MD-11ER, the final jet it ordered from the former McDonnell Douglas of the United States. The state-owned air carrier has ordered three MD-11ERs and selected General Electric engines to power the jets in order to strengthen the airline's service to the U.S., Pudjobroto of Garuda said. "The new jet is scheduled to serve Los Angeles.
Sat, 01 Nov 1997, 00:00 WIB
Phillips consoders Indonesian gas plant
Phillips consoders Indonesian gas plant PERTH (Reuters): Phillips Petroleum Co has completed a study into building a liquefied natural gas (LNG) plant on Indonesia's Timor island as an alternative to a offshore plant or one in Australia. "The study has just been completed and will be submitted to the Indonesian government," a spokesman for the United States- based company told Reuters yesterday.
Sat, 01 Nov 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 31, 1997: -------------------------------------------------------- Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 850 0 23,000 AHAP Insurance 2,500 0 0 Alter Abadi 600 0 0 Alumindo Light Metal 550 -50 28,500 Alumindo Perkasa 300 0 0 Aneka Kimia Raya 650 25 182,500 Anwar Sierad 725 -25 747,500 Apac Centertex Corp.
Sat, 01 Nov 1997, 00:00 WIB
Depok mayor installed
Depok mayor installed BOGOR (JP): Bogor Regent Eddie Yoso Martadipura installed yesterday his former assistant Badrul Kamal as the new Depok mayor, replacing Sofyan Safari Hamim. Sofyan has been serving as a new secretary in the Majalengka administration in West Java for the past 18 months. Eddie said the replacement of the mayor was aimed at refreshing and further developing Depok in a bid to enable it to improve its services to the public.
Sat, 01 Nov 1997, 00:00 WIB
Good governance or illusion? (2)
Good governance or illusion? (2) This is the second of two articles on the possibility of Indonesia emerging with good governance following the International Monetary Fund intervention. By Makmur Keliat SURABAYA (JP): Belt tightening economic measures, imposed through cutting government subsidies and the budget, will bring about differing impacts on different social strata.
Sat, 01 Nov 1997, 00:00 WIB
Talks on human rights too abstract: Marzuki
Talks on human rights too abstract: Marzuki JAKARTA (JP): Human rights campaigner Marzuki Darusman lauded the public's growing awareness of rights protection as shown by more seminars on the subject, but criticized the discourse as being off-target and too abstract. He pointed out that in the past week alone there have been several different seminars on human rights taking place daily, including those held in the sessions of the People's Consultative Assembly.
Sat, 01 Nov 1997, 00:00 WIB
Hotel Mulia fined Rp 98b for infringing spatial permits
Hotel Mulia fined Rp 98b for infringing spatial permits JAKARTA (JP): The Hotel Mulia, which accommodated about 1,800 of the 19th SEA Games participants, has been fined Rp 98 billion (US$27.22 million) by the Jakarta administration for disregarding its spatial permits. Based on its block plan, jointly signed by the Jakarta governor and the Minister/State Secretary Moerdiono, the administration only permitted the construction of a 16-storey hotel.
Sat, 01 Nov 1997, 00:00 WIB
Austrian embassy urged to hand over asylum seekers
Austrian embassy urged to hand over asylum seekers JAKARTA (JP): Pressure grew on the Austrian Embassy yesterday to hand over two East Timorese currently seeking refuge at the embassy and suspected of being involved in terrorist activities by police. As legislator Zamharir AR called on Austria to stop protecting the two individuals whom he called "criminals", a small protest was separately held in front of the embassy on Jl. Diponegoro, Central Jakarta.
Sat, 01 Nov 1997, 00:00 WIB
Bili-Bili dam may be postponed
Bili-Bili dam may be postponed UJUNGPANDANG, South Sulawesi: The initial flooding of the Bili-Bili dam in Gowa may be delayed even further because 60 farmers whose land would be submerged under water have continued to refuse compensations to be paid to them. The farmers are demanding that they also be reimbursed for the loss of their crops, not only for their land and houses.
Sat, 01 Nov 1997, 00:00 WIB
What happened to the people's spirit
What happened to the people's spirit A few weeks ago the value of the Indonesian rupiah fell sharply against that of the U.S. dollar, falling at one stage to a low of Rp 4,000. Market forces it appeared had been gathering for some time over concern regarding the financial activities and banking system of many Southeast Asian countries. But was the so- called "correction" in the value of the rupiah overdone? The panic purchasing of U.S.
Sat, 01 Nov 1997, 00:00 WIB
W. Australia's mission
W. Australia's mission JAKARTA (JP): Western Australia's Primary Industry Minister Monty House is expected here this weekend in a mission to boost Western Australia's exports of food, agricultural and fisheries products, the Australian embassy said yesterday. The Minister will be joined here next week by Premier Richard Court, who will launch "Focus Indonesia" program in Jakarta.
Sat, 01 Nov 1997, 00:00 WIB
Sexy cow blinds young eyes
Sexy cow blinds young eyes DENPASAR, Bali (JP): A 12-year-old boy from Buleleng regency has been the object of public wrath after being caught having sex with his cow that he "mistook for a nude, pretty girl", last month. The teenager was caught by a neighbor named Pan Karya passionately engaged with his cow in Tejakula village on Sept. 28, neighbors said. The boy told the respected village leaders that he failed to resist the temptation.
Sat, 01 Nov 1997, 00:00 WIB
Asian currencies dither on RI package
Asian currencies dither on RI package SINGAPORE (Reuters): Indonesia's announcement of a long- awaited IMF assistance plan gave the rupiah a slight boost on Friday, but dealers said enthusiasm was capped by the absence of the most keenly sought component -- a dollar amount. Indonesian Finance Minister Mar'ie Muhammad said growth would fall over the next two years due to reduced economic activity, but was expected to rise again in 1999/2000.
Sat, 01 Nov 1997, 00:00 WIB
Rp 300m donated to speed up troubled statue project
Rp 300m donated to speed up troubled statue project BANDUNG (JP): Two cabinet ministers and a businessman donated yesterday Rp 300 million (US$88,571) in fresh aid to speed up the construction of a 140-meter monument whose total worth is Rp 200 billion. The donations for the Garuda Wisnu Kencana statue were made following an incident in which the 12-meter-tall head of the God Wisnu caught fire at the studio of its architect, Nyoman Nuarta, here on Oct. 14.
Sat, 01 Nov 1997, 00:00 WIB
Where does E. Timorese clamor come from?
Where does E. Timorese clamor come from? By S. Belen DILI, East Timor (JP): Two of the East Timorese asylum seekers who recently entered the Austrian Embassy have been accused by the military of masterminding the production of homemade bombs for terrorist activities. East Timor Military Commander Col. Sidabutar disclosed that an unidentified man from Australia arrived in the Central Java town of Demak in March to train Timorese youths to make bombs.
Sat, 01 Nov 1997, 00:00 WIB
Correct surname
Correct surname Just a small point. The caption of the photograph on the front page of The Jakarta Post of Oct. 30 edition spells the Australian Ambassador's surname incorrectly. Please note the correct spelling of the Ambassador's surname is McCarthy. JOHN MILNE Counsellor (Public Affairs) Australian Embassy, Jakarta Note: We apologize for the misspelling of His Excellency's surname. We picked it up from the Official Diplomatic and Consular List. -- Editor
Sat, 01 Nov 1997, 00:00 WIB
Businesses, analysts await full details of latest reforms
Businesses, analysts await full details of latest reforms JAKARTA (JP): Businesspeople and analysts said yesterday they had well-anticipated all the reform measures announced by the government yesterday, but wanted to immediately learn more about the details. They commented they did not find anything new in the package, but still hoped the deal with the IMF would enable the government to further ease liquidity without risking further speculative attacks on the rupiah.
Sat, 01 Nov 1997, 00:00 WIB
KIC builds industrial estate
KIC builds industrial estate JAKARTA (JP): State-owned PT Kawasan Industri Cilacap (KIC) has built the industrial estate Tugu Wijayakusuma (KITW) on a 250-hectare plot in Semarang, Central Java, the company announced yesterday. The company's president Haryatmo Hardjosuharso said the company would sell plots on the estate for industrial companies, and would provide the companies ready-to-use plant facilities in all sizes for rent, Antara reported.
Sat, 01 Nov 1997, 00:00 WIB
TV Today: Saturday, Nov. 1, l997
TV Today: Saturday, Nov. 1, l997 TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: The Crystal Maze 3:10 Environment: Mengenal Lingkungan 3:35 Tour and Travel: Wisata Nasional 4:00 Regional News 4:30 Sports 5:30 TV Series: Full House 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:35 TV Drama: Photo Siapa 8:05 Music: Tunas Vokalia 9:00 World News 9:30 Quiz: Berpacu Dalam Melodi 10:30 Late News 10:40 TV Drama:...
Sat, 01 Nov 1997, 00:00 WIB
Gunawan appointed new Satelindo boss
Gunawan appointed new Satelindo boss JAKARTA (JP): PT Satelindo, a private telecommunications company, announced yesterday its new board of directors and commissioners. The company, which was set up in January 1993, has appointed its former cellular director Saleh Gunawan president, replacing Iwa Sewaka, spokesperson Ayu Wulan said. She said Iwa officially handed over his position to Gunawan yesterday.
Sat, 01 Nov 1997, 00:00 WIB
Student jailed for possessing heroin
Student jailed for possessing heroin JAKARTA (JP): The Central Jakarta District Court sentenced a senior high school student yesterday to two months and 20 days in prison for possessing putaw, a low-grade heroin. Presiding judge Rusdi As'ad said police arrested defendant Rico Ardiansayah, 16, on Aug. 13 in a raid on Jl. Banyumas, Central Jakarta. Rusdi said two police officers approached Rico and his friends and asked why they were loitering on the street during school hours.
Sat, 01 Nov 1997, 00:00 WIB
Canberra, Jakarta try to solve Timor Gap rift
Canberra, Jakarta try to solve Timor Gap rift PERTH (Reuters): Australia and Indonesia are set to seek a resolution to differences stemming from upcoming gas production in the Timor Gap seabed when resource ministers from the two countries meet next week. Australian Prime Minister John Howard said in Jakarta on Wednesday he hoped any differences between the two countries would be resolved equitably.
Sat, 01 Nov 1997, 00:00 WIB
British police to teach in RP
British police to teach in RP MANILA (AFP): A group of British police are to arrive in the Philippines Monday to help train Filipino officers in investigating abuse against children and women, the British embassy said yesterday. The four-week course to be given by the Durham Constabulary involves training on the latest forensic methods, interview techniques, and how to deal sensitively with women and child victims, an embassy statement said.
Sat, 01 Nov 1997, 00:00 WIB
Should we be that critical?
Should we be that critical? Mr. Robert Walker really is an unhappy man ("Your Letters," Oct. 28, Some facts of life). I must admit that I have no knowledge of conditions in Bali. I only live and work with ordinary Indonesians in the back streets of Jakarta, with occasional forays to the outer Maluku Islands and Irian Jaya villages. After reading Mr. Walker's last letter I am very thankful that I rarely meet other expatriates, or maybe they are not all as embittered as him? I certainly hope so.
Sat, 01 Nov 1997, 00:00 WIB
Marsinah monolog is a spirit's search for justice
Marsinah monolog is a spirit's search for justice JAKARTA (JP): It was a lonely and desolate night, the stillness broken only by the strong smell of burning incense wafting in the darkness and the faint chirps of crickets. An apt setting as the embittered spirit of a labor activist was about to have her protest voiced from the underworld. Outside the theater building at Taman Ismail Marzuki, Central Jakarta, four trucks of security men stood guard.
Sat, 01 Nov 1997, 00:00 WIB
ADB to give Indonesia $3.5b in aid
ADB to give Indonesia $3.5b in aid MANILA (Reuters): The Asian Development Bank (ADB) said yesterday it would grant total assistance of US$3.5 billion to Indonesia between 1998 and 2000. The Manila-based multilateral organization said in a statement Indonesia would receive four quick-disbursing loans totaling $1.5 billion. In addition, the bank would also support projects to improve infrastructure and human resources with disbursements totaling $2 billion.
Sat, 01 Nov 1997, 00:00 WIB
Six minihydro power plants to be developed
Six minihydro power plants to be developed JAKARTA (JP): Three companies from Indonesia and the United States signed yesterday a joint venture agreement to develop six minihydro power plants in West Sumatra and North Sulawesi next year.
Sat, 01 Nov 1997, 00:00 WIB
Women's rights still inadequate: Activist
Women's rights still inadequate: Activist JAKARTA (JP): Women's rights are still inadequately protected in Indonesia both in the form of legal instruments and their implementation, rights activists said yesterday. Marzuki Darusman, deputy chief of the National Commission on Human Rights, said a national law which could assure equality between men and women should be adopted. He added that the law must also establish sufficient protection regarding gender discrimination.
Sat, 01 Nov 1997, 00:00 WIB
Japan flexes muscle in Asian financial crisis
Japan flexes muscle in Asian financial crisis TOKYO (AFP): Japan flexed its economic might in the Asian crisis yesterday, announcing an emergency meeting to deal with the turmoil and dispatching a top official to Indonesia to discuss financial aid. Finance Minister Hiroshi Mitsuzuka told a news conference that vice finance ministers from Asia-Pacific countries would hold an emergency meeting in mid-November to discuss stabilizing the rocky financial markets.
Sat, 01 Nov 1997, 00:00 WIB
RI may not send soccer team to 13th Asian Games
RI may not send soccer team to 13th Asian Games JAKARTA (JP): The National Sports Council may not send the national soccer team to the 13th Asian Games next year. The council's vice chairman, Arie Sudewo, said yesterday that although the Indonesian Football Association (PSSI) wanted to finance the team through the quadrennial event it needed the council's approval to compete. "If the association wants its team to compete in the Asian Games, it has to wait for the council's decision.
Sat, 01 Nov 1997, 00:00 WIB
Virus kills 10,000 pigs in E. Timor
Virus kills 10,000 pigs in E. Timor DILI, East Timor: More than 10,000 pigs have died in the province in recent weeks due to a deadly virus, a local official said. Suminarwati Lenggu, head of the local husbandry service, said the virus, which has spread to six provinces in East Timor, is believed to have come from Bali. "We believe the virus came from Bali. This is the first time the Hoc Cholera virus has attacked pigs in the region," she said on Thursday as quoted by Antara.
Sat, 01 Nov 1997, 00:00 WIB
Minority parties lament govt one-man-show
Minority parties lament govt one-man-show JAKARTA (JP): The minority United Development Party (PPP) and Indonesian Democratic Party (PDI) expressed disappointment yesterday over the government's one-man-show in the settlement of the ongoing economic turmoil. Budi Hardjono, chairman of the PDI faction in the House of Representatives, told a press conference that the government had failed to consult the House about present and past measures taken so far.
Sat, 01 Nov 1997, 00:00 WIB
Tale of two women
Tale of two women Two villagers with almost identical backgrounds were pursuing a common dream for a better life. Fate would have it that they underwent a traumatic experience that forced them to commit murder. Yet, they could not have met more different fates. One was quietly beheaded last month, and the other has just managed to escape the axe after a public outcry in Indonesia.
Sat, 01 Nov 1997, 00:00 WIB
30 firms named suspects in forest fires
30 firms named suspects in forest fires JAKARTA (JP): National Police have declared at least 30 companies -- including four foreign investment firms -- and 24 people as suspects in the current forest fires which have choked a large part of Southeast Asia, a high-ranking police officer said yesterday. The commander of the National Police Detectives Corps Maj. Gen.
Sat, 01 Nov 1997, 00:00 WIB
Protection of labor abroad
Protection of labor abroad From Media Indonesia We are deeply concerned about the fate of our women laborers in Saudi Arabia. Soleha was beheaded recently for having killed her employer. Nasiroh is more fortunate in having her capital punishment revoked although her offense was said to be similar. We do not know whether it was a question of premeditated murder or other factors were the cause. These are two cases we know about. How many cases have not been reported?
Sat, 01 Nov 1997, 00:00 WIB
Central Java towns call for water bombers to fight fires
Central Java towns call for water bombers to fight fires JAKARTA (JP): Police in the Central Java towns of Boyolali and Semarang urgently called yesterday for foreign water bombers to help extinguish forest fires raging at several locations, including on Mt. Merbabu and Mt. Potro. Traditional methods of firefighting have failed to contain the fires as they were located on steeply sloping riverbanks.
Sat, 01 Nov 1997, 00:00 WIB
Maybank will buy 20% of BankNusa, executive says
Maybank will buy 20% of BankNusa, executive says JAKARTA (JP): Publicly listed Malaysian bank Malayan Banking Berhad (Maybank) will sign an agreement Monday to buy Bank Nusa Internasional's convertible bonds worth Rp 95 billion (US$26.4 million). BankNusa's president B.S. Kusmuljono said yesterday that with the purchase of the bonds, the Malaysian bank had an option to own up to 20 percent of BankNusa, a subsidiary of the Bakrie Group.
Sat, 01 Nov 1997, 00:00 WIB
Reform package set to stabilize economy
Reform package set to stabilize economy JAKARTA (JP): The Indonesian government will further trim its budget spending, abolish monopolies in several food commodities and liquidate insolvent banks in another concerted bid to stabilize the economy, which has been battered by the rupiah turmoil since July.
Sat, 01 Nov 1997, 00:00 WIB
Monkey business woos tourists in W. Sumatra
Monkey business woos tourists in W. Sumatra By Oktaveri BUNGUS, West Sumatra (Antara): Scores of monkeys raced down the hill to the roadside, scrambling and fighting for the food thrown by visitors. Some of the animals carried their young infants precariously on their back. The visitors were intrigued by their antics. The monkeys are very tame. Some of them even dare take food directly from children's hands.
Sat, 01 Nov 1997, 00:00 WIB
HK analysts warns of potential unrest
HK analysts warns of potential unrest HONG KONG (AFP): Indonesia's deepening economic woes will cause an escalation in social unrest in the months ahead, with ethnic Chinese likely to be the targets of angry mobs, analysts said in a report received here yesterday.
Sat, 01 Nov 1997, 00:00 WIB
Indonesia and IMF agree on reform package
Indonesia and IMF agree on reform package JAKARTA (JP): The following is the full text of the government press release on the reform package agreed upon by the Indonesian government and IMF after two weeks of negotiations: The impact of an ongoing monetary crisis since July 1997 has been reflected in the drastic depreciation of the Southeast Asian currencies. This excessive depreciation could lead to an economic crises if not handled in a firm an timely manner.
Sat, 01 Nov 1997, 00:00 WIB
Historians fight for island
Historians fight for island JAKARTA (JP): Historians have asked the municipality to declare Onrust Island, in the Thousand Islands chain, a heritage park to save its historical sites. Dirman Surachmat, former head of the city's museum and historical agency, said yesterday that the appeal was made during a two-day symposium on the island. A similar appeal was made during two previous symposiums but the municipality seemed slow to respond, he said.
Sat, 01 Nov 1997, 00:00 WIB
Ware sellers struggle to survive
Ware sellers struggle to survive By Ida Indawati Khouw JAKARTA (JP): Despite the stiff competition in a modernized society, Sarijem and Warjem are trying to make a living as door- to-door vendors of traditional household goods. This mother and daughter-in-law team are not satisfied with their meager daily income of between Rp 1,000 (28 U.S. cents) and Rp 3,000 -- or sometimes nothing -- but it is the only work they know.