Indonesian Political, Business & Finance News

Archive: 13 November 1997

62 articles found

Chirac upbeat on Asian future

Chirac upbeat on Asian future HANOI (AFP): Southeast Asian countries will ride out the turmoil buffeting their markets and currencies, French President Jacques Chirac said here yesterday. "Southeast Asia will remain without doubt one of tomorrow's major poles of world growth," Chirac told a luncheon of Vietnamese and French business leaders here. "We are closely following...

11 firms to float shares despite bearish market

11 firms to float shares despite bearish market By Aloysius Unditu JAKARTA (JP): At least 11 companies will launch initial public offerings (IPO) within the next three months despite the bearish condition of the market. They are PT Humpuss Intermoda Transportasi of the Humpuss Group, Surya Inti Permata, Impact Permata, Pakerin and Elnusa, a subsidiary of state-owned company PT Pertamina.

Tsunami destroys Irian Jaya homes

Tsunami destroys Irian Jaya homes JAYAPURA, Irian Jaya: A tsunami hit the village of Anus village in Bonggo subdistrict here Saturday evening leaving 200 people homeless. Antara reported yesterday that at least 50 houses were leveled by the tsunami. Anus village, located 189 kilometers west of Jayapura, faces the Pacific Ocean. Jayapura regent, Jan Pieter Karafir, said he has deployed a team to inspect the damages in the village.

Body of Canadian lies in wait in Bali

Body of Canadian lies in wait in Bali DENPASAR, Bali: The body of Canadian Lance Edward Green lies in wait here at the Sanglah Central General Hospital, as hospital officials await word on whether he will be sent back to his family or cremated in Bali. Green, 37, worked as an engineer for PT Lerindo Internasional. He was in Bali to conduct a natural gas drilling in Bedugul, about 50 kilometers north of Denpasar.

Kalimantan farmers get buffaloes

Kalimantan farmers get buffaloes PANAJAM, East Kalimantan: One thousand families yesterday began receiving a contribution of 1,200 water buffaloes from the government aimed at helping them improve their rice harvest. The first batch of 614 buffaloes were presented Tuesday to farmers at Rawa Sembakung, just outside Balikpapan, by deputy governor Suwarna Abdul Fatah. The next batch of buffaloes are due to arrive sometime next month. The water buffaloes will be used to help farmers till the land.

Executive on probation for Rp 18b bank fraud

Executive on probation for Rp 18b bank fraud JAKARTA (JP): Central Jakarta District Court placed the president of a private company on 10 months probation yesterday for illegally withdrawing Rp 18 billion (US$5.41 million) from HongkongBank. "The defendant has been put on probation because he did not use the money," presiding judge Pangeran Siregar said. He said the panel of judges believed that a jail sentence might not change the defendant's behavior or would even worsen it.

E. Timor youths stage rally

E. Timor youths stage rally YOGYAKARTA: Over a hundred East Timorese youth held a peaceful rally outside the provincial legislature here yesterday to observe the Nov. 12, 1991 Dili incident. The youths did not carry banners but distributed flowers and a copy of their demands to spectators curiously watching on. The demands included the release of East Timorese separatist leader Jose "Xanana" Gusmao who is currently serving a 20-year jail term in Jakarta.

S'pore loan to Indonesia an 'exception'

S'pore loan to Indonesia an 'exception' SINGAPORE (Reuters): Singapore's offer of a US$5 billion loan to Indonesia to help the country on the road to economic reform was an exception, state television yesterday quoted Singapore Deputy Prime Minister Tony Tan as saying. Singapore would have to think very hard before giving a loan of such magnitude to some other Asian country should it run into trouble and ask for help, Tan told reporters at the end of a visit to South Africa.

Police to safeguard money withdrawal

Police to safeguard money withdrawal JAKARTA (JP): City Police will deploy thousands of its personnel to safeguard the massive deposit withdrawals by customers of the 16 liquidated private banks starting today, its spokesman said. Lt. Col. E. Aritonang said yesterday that at least 10 officers would guard each of the 160 head offices and branches of the 16 banks.

ANRPC urges members to increase demand

ANRPC urges members to increase demand COLOMBO (Reuters): An international eight-nation grouping of rubber producing countries yesterday expressed concern over the decline of prices over the last two years and urged its member countries to take corrective measures. The Association of Natural Rubber Producing Countries (ANRPC) however said that it was not in favor of imposing rubber production quotas on member countries since it could send the wrong signals.

Indonesians eye Australian property

Indonesians eye Australian property JAKARTA (JP): PT Procon Indah, a property consultant collaborating with Jones Lang Wootton, will hold an Australian property exhibition here to lure a crowd of prospective buyers among Indonesia's high-income group. The company said here yesterday that Australia had in the last few years overtaken Singapore as the most popular nation for Indonesian property investors.

Councilor backs call to scrap new haj rules

Councilor backs call to scrap new haj rules JAKARTA (JP): The United Development Party (PPP) faction of the City Council has backed a call by haj instructors to scrap a numerical system for grouping pilgrims. The faction's head, Councilor Achmad Suaidy, said yesterday that the municipality's new system failed to place emphasis on family and affinity groupings. "There will be pilgrims who will become victims of the system," he said.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: Breakaway 1995 by Maud Van Der Lely, Vajaraporn Sukanich, Miryung Muir, Jeannette Bijlmer, at KOI Gallery Restaurant, Jl. Mahakam I/2, South Jakarta, daily, 11 a.m. to 11 p.m., until Nov. 16. * Painting Exhibition: Night and Day, by Arnold Sobers and Mulyadi W., at Hadiprana's Gallery, Mitra Hadiprana Boutique Mall, Jl. Kemang Raya 30, South Jakarta, 10 a.m. to 8 p.m., until Nov. 16.

Clinton to meet ASEAN leaders on currency crisis

Clinton to meet ASEAN leaders on currency crisis MANILA (AFP): U.S. President Bill Clinton is to meet with a group of Southeast Asian leaders in Canada later this month to discuss the financial turmoil besetting their economies, Philippine Foreign Secretary Domingo Siazon said yesterday.

RI's economic growth to fall to 5.5% this year

RI's economic growth to fall to 5.5% this year JAKARTA (JP): The growth rate of the country's gross domestic product (GDP) will decline to 5.46 percent this year from 7.82 percent last year due to the impact of the government's retrenchment program, according to senior economist Pande Radja Silalahi. Silalahi, a senior analyst at the Centre for Strategic and International Studies, said the growth rate would remain low at 5.73 percent next year.

Suspected heroin traffickers nabbed

Suspected heroin traffickers nabbed DENPASAR, Bali: Police here arrested two suspected drug traffickers at a hotel in Kuta beach Sunday and seized two packs of heroin weighing 0.4 grams. Bali deputy police chief Col. Togar M Sianipar said Tuesday that one of them was shot in the leg as he tried to escape. "We don't hesitate to shoot anyone who is believed to be a criminal and attempts to escape," he warned. Sianipar only identified the suspects as 26-year old AA, and 21-year old R.

Woods to play in Phuket

Woods to play in Phuket JAKARTA (JP): Golfing superstar Tiger Woods of the United States is to join a world-class field for the 1998 Johnnie Walker Classic, scheduled to be held at the spectacular Blue Canyon Country Club in Phuket, Thailand, from Jan. 20 to Jan. 25. A spokeswoman said Tuesday that the Johnnie Walker Classic had a reputation for consistently attracting the best players in the world. "Woods will certainly give his best at the tournament," the spokeswoman said.

Govt demands permit for live TV broadcast

Govt demands permit for live TV broadcast JAKARTA (JP): Minister of Information R. Hartono warned private television stations yesterday against illegal live broadcasts. Speaking after a cabinet meeting at the Bina Graha presidential office, the minister said the newly enacted Broadcasting Law stipulated that private TV stations ask for government approval before airing live broadcasts.

'Wayang' gets modern makeover in exhibition

'Wayang' gets modern makeover in exhibition By Stevie Emilia JAKARTA (JP): Imagine a wayang with a walkman -- a male puppet wearing a trendy shirt with a batman logo on it, stylish hairstyle, boots, grinning broadly as he listens to the music. Called Pemuda Batak Berwalkman (Young Batak Man with Walkman), it is by painter Heri Dono and part of his collection Wayang Legenda (Legendary Puppet).

Labor exporters seek for Nasiroh's release

Labor exporters seek for Nasiroh's release JAKARTA (JP): The association of Indonesian labor export companies, Apjati, will seek leniency from the Saudi Arabian government to release Indonesian worker Nasiroh, convicted of murder, in the upcoming Ramadhan fasting month. Chairman of the association Rusdi Bahasuan said yesterday the request was extended because the kingdom used to grant mercy and remission to prisoners in the Moslem holy month.

Cocoa prices steady in Malaysia

Cocoa prices steady in Malaysia KUALA LUMPUR (Reuters): Cocoa prices remained firm in Malaysia and Indonesia yesterday, with supply remaining tight amid dry weather conditions in key growing areas, traders said. Firmer cocoa futures in New York on Tuesday also supported prices, they said. "The dry weather has been the contributing factor to the very low yield. There's hardly any crop," said a cocoa grower in Tawau, Malaysia's key cocoa-growing region in the eastern state of Sabah.

Blooming food trade seen along Pacific rim: PECC

Blooming food trade seen along Pacific rim: PECC SINGAPORE (AFP): Increased trade in food is expected among countries along the Pacific rim, despite a slowdown in Southeast Asian economies and decreased production in countries affected by the El Nino weather phenomenon, the Pacific Economic Cooperation Council (PECC) said yesterday.

Malaysia puts in offer for services liberalization

Malaysia puts in offer for services liberalization GENEVA (AFP): Malaysia has submitted a long awaited improved offer on financial services liberalization, trade officials said ahead of a key negotiating meeting yesterday aimed at forging a global deal. Indonesia, the Philippines and Brazil, other key players in the talks, have not yet followed suit.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Adventure of Pinochio 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Orchestra Film 5:00 Arabic Lessons 5:30 Children's Drama: Mahole 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 6:53 Music 7:00 Evening News 7:35 Variety Show: Cakrawala Budaya 8:05 Spectrum 9:00 World News 9:30 Koran Recital 9:40 TV Drama 10:30 Late News 10:40...

Soldier stabbed to death by hoodlums in East Jakarta

Soldier stabbed to death by hoodlums in East Jakarta JAKARTA (JP): A soldier was stabbed to death Tuesday allegedly by a group of hoodlums at the Center for the Promotion of Small- scale Industry in Penggilingan, East Jakarta, police said yesterday. City Police spokesman Lt. Col. E. Aritonang identified the victim as First Corporal Jainun, alias Buyung, 45, who served at the Center for the Rehabilitation of Handicaps at the Ministry of Defense and Security.

SE Asian oil demand declining

SE Asian oil demand declining PERTH (Reuters): Financial turmoil in Southeast Asia has had the effect of reducing daily oil demand in the region by about 100,000 barrels per day (bpd), an industry analyst said yesterday. "The centre of gravity of energy demand has now shifted from Asia to the United States," Fereidun Fesharaki, director of energy and minerals at the Hawaii-based East-West Centre told Reuters.

Students attack bus after fender bender

Students attack bus after fender bender PALEMBANG, South Sumatra: Hundreds of students from the state Sriwijaya University attacked a city bus Tuesday after it crashed into a student's car. The incident occurred just outside the university campus, some 32 kilometers from the provincial capital of Palembang. Students attacked the bus, throwing stones and breaking the windows, after the bus, license plate No. BG 3157 AF, crashed into a parked jeep.

Worker strikes rock East Java

Worker strikes rock East Java JAKARTA (JP): East Java has been rocked by a series of strikes in the past three days involving thousands of workers from three major companies; kretek cigarette-maker PT. Gudang Garam, bicycle maker PT WIM Cycle and processed food manufacturer PT Sekar Laut. The strikes were held separately in the three different cities where the factories are located. Workers at Gudang Garam's Kediri factory demanded, among other things, a 50 percent increase in their salaries.

Ship traces Dutch seafaring history

Ship traces Dutch seafaring history BANJARMASIN, South Kalimantan: Archeologists, excavating an area near the Martapura River, have discovered a steel ship believed to be a vestige of the Dutch colonial era. Administrative Coordinator of the Provincial Education and Culture Department, Kasim Abdurrachman, was quoted by Antara as saying yesterday that near the 15-meter-long ship, ceramics, coins and bottles of Dutch alcohol were also found.

China's Zhang Lian-wei jets in for Volvo Masters

China's Zhang Lian-wei jets in for Volvo Masters KUALA LUMPUR (Agencies): China's Zhang Lian-wei has returned from the European Tour in an attempt to win the Volvo Masters of Malaysia for the third year in a row. The tournament, which this year is making its debut on the Asian PGA's Omega Tour, is being played at Kelab Golf Sultan Abdul Aziz Shah and boasts prize money of US$200,000.

Far from reality

Far from reality From Kompas I appeal to the government to stop saying that Indonesian economic fundamentals are stable. This conviction is obviously unrealistic. To repeatedly give such a statement is not only ineffective to curb the economic turbulence but is tarnishing the credibility of the government in the eyes of the public in its effort to overcome the problem. And this will, in turn, intensify the crisis of confidence. SUGRIWAN SOEDARMO Jakarta

Indocement to sign loan

Indocement to sign loan TOKYO (Reuters): The Export-Import Bank of Japan and four Japanese commercial banks plan to sign a loan contract worth 15 billion yen with Indonesia's largest cement maker Indocement Tunggal Prakarsa, a spokesman for Export-Import Bank said yesterday. About 60 percent of the total loan will be made by Export- Import Bank and the rest by Fuji Bank Ltd, Yasuda Trust & Banking Co Ltd, Sumitomo Trust & Banking and Mitsubishi Trust and Banking Corp, he said.

Over-investment drives Indonesian economy to stagflation

Over-investment drives Indonesian economy to stagflation The Indonesian government has finally reached an agreement with the International Monetary Fund (IMF) on a reform package aimed at stabilizing the country's monetary crisis. In the following interview, economist Kwik Kian Gie talks about the causes behind the economic problem. Question: Businessmen complain that their sales revenues are declining, while prices are increasing. Can you explain such a phenomenon?

Free medical treatment for drivers

Free medical treatment for drivers BOGOR (JP): The Bogor Health Agency and the Bogor's Land Transport Owners Association (Organda) have reached an agreement to provide free medical treatment to minivan drivers. A. Chotib Malik, head of Organda's Bogor branch, said that under the agreement, which was signed to mark the 33th National Health Day yesterday, some 800 Organda members in the city would be eligible for free medical services by next month at the latest.

Crisis will be a blessing in disguise: IMF chief

Crisis will be a blessing in disguise: IMF chief JAKARTA (JP): International Monetary Fund (IMF) Managing Director Michel Camdessus predicted yesterday that Indonesia's battered economy would recover from its financial crisis in less than three years. Speaking after meeting with President Soeharto, Camdessus said Indonesia, with the help of the massive IMF-backed reform package, would lead the recovery in Southeast Asia.

Student dies while drag racing

Student dies while drag racing JAKARTA (JP): A technical high school student, who was drag racing friends, died on Tuesday when his motorcycle hit a trailer truck on Jl. Perintis Kemerdekaan in North Jakarta. The victim, identified as Yosef Arivianto, 17, apparently lost his balance as he prepared to overtake the truck, his friend Utje said. Utje said the motorcycle crashed into a truck, which had accelerated from behind, and he was dragged along the ground for several meters.

Tamara to make 1st move in Utut-Karpov match

Tamara to make 1st move in Utut-Karpov match JAKARTA (JP): Top model and actress Tamara Bleszynsky is scheduled to make the first move in the chess match between Utut Adianto and Anatoly Karpov of Russia here from Nov. 21 to Nov. 25. Organizer Machnan Kamaluddin said yesterday that Tamara was chosen to attract more public attention to the contest. "You must remember that Tamara is the model in the Bank Tamara advertisement. Bank Tamara is the main sponsor of the duel match," Machnan said.

No. 20 deadline given for sports bodies plans

No. 20 deadline given for sports bodies plans JAKARTA (JP): Indonesia's 13th Asian Games task force has urged all sports organizations to submit their proposals by Nov. 20. Muhammad Hindarto, a member of the task force who is also the National Sports Council development program deputy, told reporters yesterday that the task force would evaluate all proposals and report the results to the council chairman by the end of this month.

Two million get toothache monthly

Two million get toothache monthly JAKARTA (JP): Two million Indonesians complain every month that toothaches disrupt both their productivity at work and social life, and caused other physical and mental problems, according to Minister of Health Sujudi. "A toothache is like a time bomb," Sujudi was quoted by Antara as saying in a statement delivered by Central Java Governor Soewardi in Semarang during a commemoration of National Health Day yesterday.

Natives need to learn new business ethics

Natives need to learn new business ethics JAKARTA (JP): Noted historian Taufik Abdullah says many ethnic groups in Indonesia are known to be astute businesspeople, but they should open up to new business ethics and learn from others including those of Chinese descent.

Music awards draw few nominations

Music awards draw few nominations JAKARTA (JP): Pop girl-group AB Three, Dewa 19 and grandmother Elvie Sukaesih, queen of dangdut music, have been nominated for most of the sub-categories in the upcoming 1997 Anugerah Musik Indonesia (AMI) music awards. Spokesperson for the AMI nomination committee, Candra Darusman, said that the awards presentation would be held at Graha Bhakti Budaya in Taman Ismail Marzuki, Central Jakarta on Nov. 29. The awards presentation was originally scheduled for Nov.

Indonesian-Fijian dictionary

Indonesian-Fijian dictionary JAYAPURA, Irian Jaya: Linguists from Cendrawasih University (Uncen) in Jayapura and Papua New Guinea's National University are working on an Indonesian-English-Fijian dictionary to bridge the gap between the countries. Rector of the UNCEN, Frans A. Wospakrik, said here Tuesday the dictionary will be published early next year. He said the dictionary would help ease communication problems between governments and the people of Indonesia and Papua New Guinea.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 12, 1997: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 900 50 6,500 AHAP Insurance 2,500 0 0 Alter Abadi 525 0 0 Alumindo Light Metal 500 25 704,000 Alumindo Perkasa 325 0 0 Aneka Kimia Raya 600 -25 75,000 Anwar Sierad 400 -25 109,500 Apac Centertex Corp.

Inflation quite high: Hartono

Inflation quite high: Hartono JAKARTA (JP): Indonesia recorded a 1.99 percent inflation rate in October, the highest month-on-month increase in the last 10 years, Minister of Information R. Hartono announced here yesterday. "The inflation rate from January to October this year was 7.36 percent, compared to only 5.35 percent for the same period in 1996...

Where to go in Bandung:

Where to go in Bandung: Music and Entertainment * Hotel Grand Aquila, Jl. Dr. Djundjunan No. 116, Bandung - Paparazzi Club: Fix Band, Sweet Rock Band, on Nov. 13. Valencia, Comedian Top 40 Band, Nov. 14. As band, All Round Band, Nov. 15. New Freedom, Nov. 16. * Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81, Central Bandung: - Tempo Doeloe Terrace: Back To Sixties featuring Starlite Band, every Sunday, 7 p.m. to 11 p.m., Asea Band, from Philippines, Monday to Friday, 7 p.m. to 11 p.m.

Three die of fish poisoning

Three die of fish poisoning PALU, Central Sulawesi: Three of five residents of Bajugan village in Buol Tolitoli regency, died Tuesday morning of fish poisoning, Antara reported. Grandmother Hamsiah, 70, and her grandchildren, Engo, 13, and Syamsuddin, 12, died after eating some fish. Two others, Abdul Kadir, 47, and Sa'adiah, 35 -- the parents of the two children, are still in a critical condition at the local hospital. There were no details about the kind of fish eaten, or how it was processed.

Spotlight

Spotlight Photo A: Mall JP/alx MALL MAVENS: Minister of Education and Culture Wardiman Djojonegoro (third from right) is accompanied by Jakarta Governor Sutiyoso and his wife Setyo Rini (behind), the president of the Keris Gallery Puri Indah Mall, Handiyanto Tjokrosaputro (left), and branch manager Donald I. Buana. They were at the official opening of the mall Sunday.

Auric divests of Bank Niaga

Auric divests of Bank Niaga SINGAPORE (Reuters): Auric Pacific Group said yesterday it sold 21.65 million Bank Niaga shares amounting to Singapore US$20 million to the Tirtamas Group. A company statement said as at Sept.30, Auric held a total of 59.84 million shares or 8.3 percent of Indonesian-based Bank Niaga. Total cost of investment was about S$35 million. Auric had on Oct.9 tendered for sale its entire stake in Bank Niaga to the Tirtamas Group, which was mounting a takeover of the bank.

Two student skirmishes disrupt city traffic

Two student skirmishes disrupt city traffic JAKARTA (JP): Dozens of senior high school students were involved in two separate street brawls respectively on Jl. Salemba Raya and an intersection on Jl. Pemuda in Central Jakarta yesterday, causing heavy traffic jams on nearby roads. The students dispersed only after military personnel and traffic police officers, who happened to be patrolling the area, arrived on the scene. No fatalities were reported and none were arrested. The brawl on Jl.

Andromeda drops lawsuit against govt

Andromeda drops lawsuit against govt JAKARTA (JP): Bank Andromeda withdrew its lawsuit yesterday against Minister of Finance Mar'ie Muhammad and Governor of Bank Indonesia Soedradjad Djiwandono over the closure of the bank citing national interest as the reason. Bambang Trihatmodjo, a 25 percent shareholder in the bank, would not elaborate on what he meant by "considering the wider national interest".

Eleven poor provinces need urgent action

Eleven poor provinces need urgent action YOGYAKARTA (JP): An expert says the future poverty alleviation program should concentrate on areas with the poorest communities in eleven provinces.

Harmoko vague over vice presidency talks

Harmoko vague over vice presidency talks JAKARTA (JP): House Speaker Harmoko was vague yesterday over speculation that House leaders would discuss the next vice presidential candidacy with a team of presidential advisors scheduled to visit the legislative body today. "Maybe yes, maybe no," said Harmoko, who is also chairman of the 1,000-strong People's Consultative Assembly which will convene next March to elect a president and vice president.

Anticipating floods

Anticipating floods From Bisnis Indonesia The rainy season is approaching, yet the Bekasi administration has been doing nothing concrete to anticipate the possible floods that may hit the area. The acting Bekasi mayor, when interviewed by TPI some time ago, said that it was difficult to handle the floods, particularly for the housing complex to the south of Malang River. But what about the housing complex to the north of the river? It is also vulnerable to floods.

Perbanas supports merger of weak and small banks

Perbanas supports merger of weak and small banks JAKARTA (JP): The Federation of Private Domestic Banks (Perbanas) pledged its full support yesterday in the merger of weak and small banks in a bid to strengthen the country's banking sector. Perbanas' deputy chairman B.S. Kusmuljono said the association was pushing a plan to establish an association of bank owners in the country to facilitate the process of consolidation and mergers between private banks.

TV coverage

TV coverage The newly enacted Broadcasting Law seems to have the potential to clash with public interests. Its first test case, which made nobody happy, took place Monday when the government abruptly banned a planned live TV broadcast from the House of Representatives. Two private TV stations, ANteve and SCTV, were ready to start live coverage of Minister of Finance Mar'ie Muhammad's explanation on the economic reform package in a meeting with the House.

Sutiyoso's statement

Sutiyoso's statement From Merdeka Merdeka daily reported on Nov. 5 that Jakarta Governor Sutiyoso would take steps against 132 unruly developers. Sutiyoso said that Jakarta needed to improve its quality of the environment. Sutiyoso wanted Jakarta to be green and shady by the planting of trees more than five meters high. He also said that he was not willing to inaugurate a building that disregarded a green environment. I fully agree with the governor's preoccupation.

Pulogebang bus terminal project put on hold

Pulogebang bus terminal project put on hold JAKARTA (JP): The East Jakarta mayoralty has postponed indefinitely the construction of Pulogebang Bus Terminal, which was scheduled to start in July, a city councilor said yesterday. Ali Wongso Sinaga of Commission D for development affairs said no explanation had been given for the postponement, announced by the mayoralty's assistant for economic and development affairs Nasrul Muluk during Tuesday's commission meeting.

RI, Mozambique sign deal

RI, Mozambique sign deal JAKARTA (JP): Indonesia and Mozambique signed an agreement yesterday on economic and technical cooperation aimed at enhancing ties between the two countries which were only formally established in November 1991. The agreement was signed by Minister of Foreign Affairs Ali Alatas and his Mozambique counterpart Leonardo Santos Simao. Alatas expressed hope that the agreement would strengthen ties and contribute to each nation's development.

Tackling financial crisis via APEC

Tackling financial crisis via APEC Just when one thought APEC's days were numbered, an economic crisis in the region has surfaced to propel the grouping once again to the forefront of regional cooperation -- with the United States being looked upon once more to take the lead. Overnight, Thailand's position has changed with a new government.

Probe 'demolition' of disputed bus shelter: Councilor

Probe 'demolition' of disputed bus shelter: Councilor JAKARTA (JP): City councilors urged the municipality yesterday to make a full investigation into a missing bus shelter on Jl. Prapanca Raya in Kemang, South Jakarta. "The municipality, in this case the City Land Transportation Agency (DLLAJ), must take stern action against officials who are involved in the disappearance of the shelter," Azwar Abbas, member of Commission A for administration affairs, said. "A bus shelter is a public facility.

Asian crisis affects Aussie industries

Asian crisis affects Aussie industries CANBERRA (Reuters): Australian industry expects the Southeast Asian economic crisis to have a direct effect on business, with 16 percent of companies surveyed by the nation's largest industry group expecting a significant impact. The Metal Trades Industry Association (MTIA) found two thirds of the 200 manufacturing and construction companies surveyed had a direct exposure to the crisis.

Thai drug users may keep SEA Games golds

Thai drug users may keep SEA Games golds JAKARTA (JP): Two Thai athletes, who were found guilty of using banned substances in last month's SEA Games, may not have to forfeit their gold medals. Letters of authorization from the athletes' doctors were never passed on to the medical committee, its secretary Carmen Jahya said yesterday. Shooter Nuanwan Kerdsumran and decathlete David Jimsumruay stated that they gave the letters to the urine collectors after winning their medals, she said.