Indonesian Political, Business & Finance News

Archive: 13 November 1997

62 articles found

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...

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.

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.

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.

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...

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.

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.

TV today

TV todayTVRI 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...

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.

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...

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.

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.

'Wayang' gets modern makeover in exhibition

'Wayang' gets modern makeover in exhibitionBy 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.

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...

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.

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.

Far from reality

Far from realityFrom KompasI 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...

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.

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.

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.

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.

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.

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.

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.

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...

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.

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.

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.

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.

11 firms to float shares despite bearish market

11 firms to float shares despite bearish marketBy 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.

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...

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.

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.

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.

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.

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.

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.

Sutiyoso's statement

Sutiyoso's statementFrom MerdekaMerdeka 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.

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.

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.

Anticipating floods

Anticipating floodsFrom Bisnis IndonesiaThe 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...

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.

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.According to Mubyarto, the assistant to the State Minister of National Development Planning, the provinces...

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.

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.

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.

Spotlight

SpotlightPhoto A: MallJP/alxMALL 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...

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...

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.

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.

Stock Exchange

Stock ExchangeStock 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...

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.

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.

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.

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.

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...

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.

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.

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.

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.

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.

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.