Indonesian Political, Business & Finance News

Archive: 18 November 1997

57 articles found

Psst, have you heard...?

Psst, have you heard...? The massive deposit withdrawals at Bank Central Asia (BCA), Indonesia's largest private bank, during the weekend exposes once again the precarious condition -- if not the vulnerability -- of our economy, and more specifically, of the banking system.

Levi's band contest aimed at students

Levi's band contest aimed at students JAKARTA (JP): At least 10 senior high school bands will participate in a music competition at the Bengkel Nightpark discotheque on Jl. Jend. Sudirman in Central Jakarta on Nov. 30.

RI agrees to sign pact on landmines

RI agrees to sign pact on landmines JAKARTA (JP): Indonesia announced yesterday that it has decided to sign a convention which will ban the stockpile, export, production and use of anti-personnel landmines.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: The Big Valley 3:10 Teenager's Program: Remaja Indonesia 3:35 Music: Lagu Pop Daerah 4:00 Regional News 4:30 Technology and Science 5:00 English Lessons 5:30 Documentary Film 6:00 News: Lintasan Berita 6:05 Nusantara, The...

Prince of Wales

Prince of Wales I would like to respectfully address this letter to Mr. Robin Christopher, the British ambassador to Indonesia. Many Indonesians and I feel grateful, proud and touched from the statement of sympathy and thanks which you addressed to the people of Indonesia on the death of Princess...

Greenhouse gases rising in Asian countries

Greenhouse gases rising in Asian countriesBy Oliver Teves MANILA, Philippines (AP): Emissions of greenhouse gases in developing Asian countries will skyrocket to three to five times their 1990 levels by 2020 if no counter-measures are taken, experts said.

Floods still pose potential danger

Floods still pose potential dangerFrom Berita YudhaThrough the Ministry of Public Works the Jakarta administration has reportedly received a contribution of hundreds of billions of rupiah to anticipate and handle floods which may hit Jakarta.

One midwife for 5,000 women

One midwife for 5,000 women MATARAM, West Nusa Tenggara: Every midwife posted on the densely populated Lombok Island has to serve up to 5,000 people every year, while those on the sparsely populated Sumbawa Island only have up to 500 patients.

Foreign schools no threat, Wardiman says

Foreign schools no threat, Wardiman says JAKARTA (JP): Minister of Education and Culture Wardiman Djojonegoro has promised the opening of foreign schools here will not threaten the livelihood of local schools.

RSCM pledges to boost its shattered image

RSCM pledges to boost its shattered image JAKARTA (JP): Tough times lay ahead for the city's oldest hospital, Cipto Mangunkusumo, which celebrates its 78th anniversary tomorrow.Better known by its local acronym, RSCM, the state-owned hospital has been the target of severe public criticism and is...

Non-denominational faith

Non-denominational faith There is a discussion going in the House of Representatives on whether the non-denominational faith, which is popularly called Kepercayaan terhadap Tuhan Yang Maha Esa, should be given the same status as the five official religions in the state guidelines for the period...

Alleged rapists may face 10-year penalty

Alleged rapists may face 10-year penalty JAKARTA (JP): A prosecutor asked West Jakarta District Court to sentence three young men to jail terms of 10 years each for raping a deaf girl.Prosecutor Erliana said the defendants, identified as Abdurrahman alias Jangkung, 18, Abdurrahman alias Oman, 18,...

Palm oil prices may increase in Malaysia, fall in Indonesia

Palm oil prices may increase in Malaysia, fall in Indonesia KUALA LUMPUR (Reuters): Palm oil prices in Malaysia should rise this week on expectations of falling output while Indonesian prices were seen lower following government plans to raise local supply, regional traders said.

Chinese news congress opens

Chinese news congress opens PENANG (AFP): Chinese newspapers from around the world began their annual convention here yesterday to discuss Chinese- language press technology and the future role of Chinese newspapers in Southeast Asia.

Toll road projects to be prioritized next year

Toll road projects to be prioritized next year JAKARTA (JP): The government would prioritize certain toll road projects and other infrastructure projects to be continued next fiscal year beginning in April, Minister of Public Works Radinal Moochtar said yesterday.

Police confiscate firecrackers

Police confiscate firecrackers DEMAK, Central Java: Police seized yesterday 40 sacks containing 40,000 firecrackers from Mustofa, 34, a resident of Guntur village in Guntur subdistrict.Demak police chief Lt. Col.

Citra Moda tallies houses to be cleared

Citra Moda tallies houses to be cleared JAKARTA (JP): The developer of the three-tier transit system, linking Bintaro in South Jakarta to downtown Kota, is currently calculating the number of houses to be cleared for construction of the Rp 6.2 trillion (US$1.87 billion) project.

'TVRI' will not broadcast House debates live

'TVRI' will not broadcast House debates live JAKARTA (JP): The state-owned television station TVRI said yesterday it would not broadcast live the House of Representatives' hearing with Minister of Finance Mar'ie Muhammad today, citing "security and technical reasons".

Sultan Thaha Airport reopens

Sultan Thaha Airport reopens JAKARTA (JP): Thanksgiving prayers marked the arrival of a F- 28 Merpati plane Sunday morning at the Sultan Thaha Airport in Jambi, the first to land after the airport was closed 75 days ago due to thick haze.

Wiranto backs Subagyo to chair PBSI

Wiranto backs Subagyo to chair PBSI JAKARTA (JP): Army Chief of Staff Gen. Wiranto has backed the nomination of his deputy, Lt. Gen. Subagyo Hadi Siswoyo, for the chairmanship of the Badminton Association of Indonesia for the period 1997-2001.

Asian Games organizers to slash budget by quarter

Asian Games organizers to slash budget by quarter BANGKOK (AFP): The organizers of the 1998 Asian Games in Bangkok will cut their budget by a quarter because of Thailand's economic slowdown, a report said yesterday.

Quake jolts Mataram

Quake jolts Mataram MATARAM, West Nusa Tenggara: A three-second earthquake measuring 4.6 on the Richter scale jolted the city yesterday morning, Antara reported.There have been no reports of casualties or damaged buildings. The quake's epicenter was in the Indian Ocean at between 08.

The Asian monetary crisis and the global economy

The Asian monetary crisis and the global economy Banks are collapsing all over Southeast Asia; Congress has tied Clinton's hands; terrified depositors are pulling their money out of Hong Kong; Brazil's market has plunged 40 percent. Look out, the ghost of 1929 is haunting the world.

U.S. envoy in KL wants emotional rhetoric to end

U.S. envoy in KL wants emotional rhetoric to end KUALA LUMPUR (Reuters): The U.S. ambassador to Malaysia, saying he felt personally targeted by a death threat, appealed yesterday to leaders in both countries to put an end to emotional rhetoric which he said threatened ties.

Bangkok fails international air tests

Bangkok fails international air tests BANGKOK (AFP): The smoggy Thai capital of Bangkok has been branded "unhealthy" after failing to pass key international- standard tests of its air and water quality and its waste disposal system, a report said.

Four arrested with 200,000 pirated VCDs

Four arrested with 200,000 pirated VCDs JAKARTA (JP): Police have arrested four men for their alleged role in the distribution of about 200,000 pirated video compact discs (VCDs) in the city.The chief of Jakarta Police Detectives, Col.

Indonesia confident Canada can handle possible protests

Indonesia confident Canada can handle possible protests JAKARTA (JP): Indonesia is confident that the Canadian government can ensure that possible demonstrations against leaders attending the Asia Pacific Economic Cooperation (APEC) meeting in Vancouver next week does not get out of hand.

Networking in Asia, the West (2)

Networking in Asia, the West (2)By Peter Verhezen This is the second of two articles exploring the concept of networking in Asian and Western communities. JAKARTA (JP): The practice of networking based on trust has been described by Bob Widyahartono in an Aug.

Artificial cyclones for haze

Artificial cyclones for haze KUALA LUMPUR (AP): Anxious to clear its skies, Malaysia will try Russian technology touted to create cyclones that chase away haze, newspapers quoted the environment minister as saying.

Myanmar arrests party leader

Myanmar arrests party leader BANGKOK (AP): Myanmar's military authorities have arrested a leader of a banned ethnic minority party, an exile opposition group said yesterday.Dr. Min Soe Lin, general secretary of the Mon National League for Democracy, was detained Nov.

Five members of banned group arrested

Five members of banned group arrested JAKARTA (JP): Bekasi Police have arrested five men who claim to be members of the banned Indonesian Islamic State (NII) movement in Pondok Gede.City police chief Maj. Gen.

Two face court on Ecstasy charges

Two face court on Ecstasy charges JAKARTA (JP): Two women were tried in separate sessions at West Jakarta District Court yesterday for taking Ecstasy at a discotheque.Prosecutor Rusmini said the defendants, identified as Yulia Suryani Dewi, 28, and Sari Benah, 40, were arrested on Aug.

Latief queried over misuse of funds

Latief queried over misuse of funds JAKARTA (JP): Minister of Manpower Abdul Latief and the state- owned workers' social insurance company PT Jamsostek came under scrutiny yesterday for allegedly allocating Rp 7.1 billion (US$2.

Aiwa of Japan opens new audio plant in Bekasi

Aiwa of Japan opens new audio plant in Bekasi JAKARTA (JP): PT Aiwa Dharmala, a joint venture between Aiwa Co Ltd of Japan and the Dharmala Group, opened its audiovisual equipment factory in Bekasi, West Java, yesterday.

BCA run indicates crisis of confidence

BCA run indicates crisis of confidence Bank Central Asia (BCA) suffered a rush over the weekend following a rumor that its Singapore branch had been closed and that its founder and major shareholder, Liem Sioe Liong, had passed away. Banking analyst Laksamana Sukardi looks into the phenomenon.

Cibaduyut shoe industry's heyday is on the skids

Cibaduyut shoe industry's heyday is on the skidsBy Kafil Yamin BANDUNG (JP): Smart travelers with a head for making money once would not leave Bandung without buying several pairs of the well-known Cibaduyut shoes.

S. Korea, RI sign loan deal

S. Korea, RI sign loan deal JAKARTA (JP): Indonesian Minister of Foreign Affairs Ali Alatas and South Korean Ambassador Hyung Ki Min signed two project agreements worth US$23.5 million here yesterday.One is for the US$20 million Manado bypass road project in North Sulawesi while the other is for...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Kecil itu Indah 5, by AD Pirous, Barli Sasmitawinata, Nana Bana and others, at Edwin's Gallery Jl. Kemang Raya No. 21, Kemang, South Jakarta, Monday to Friday, at 9 a.m. to 7 p.m., Saturday, 9 a.m. to 6 p.m., Sunday, 10 a.m. to 5 p.m.

NU urges MPR to elect state leaders carefully

NU urges MPR to elect state leaders carefully BAGU, West Nusa Tenggara (JP): Indonesia's largest Moslem organization Nahdlatul Ulama (NU) opened its national congress yesterday with a call for the election of the nation's president and vice president who will bring good to the nation.

22 people missing in boat accident

22 people missing in boat accident JAKARTA (JP): The Indonesian Navy and police are still searching for 22 people missing in a boat accident in the Strait of Malacca off Belawan port, North Sumatra last Friday, Antara reported yesterday.Deputy commander of the Naval Base on Belawan port, Col.

Rumors spread by irresponsible people: Hartono

Rumors spread by irresponsible people: Hartono JAKARTA (JP): Minister of Information R. Hartono said yesterday rumors about the death of the country's richest tycoon Soedono Salim on Friday, which sparked a huge rush on his Bank Central Asia (BCA), were spread by irresponsible people seeking to...

Kalla delays cable plant

Kalla delays cable plant JAKARTA (JP): The Kalla Group has delayed its plan to build a electricity cable plant due to a domestic oversupply and the monetary turmoil.Kalla owner Yusuf Kalla was quoted by Antara as saying in Ujungpandang, South Sulawesi's capital, that the plant would be built by...

Bank Danamon not to merge with BCA: Anthony

Bank Danamon not to merge with BCA: Anthony JAKARTA (JP): Salim Group chairman Anthony Salim ruled out yesterday the possible merger between the newly acquired Bank Danamon with Bank Central Asia (BCA).Anthony, the son of the business group's founder, Liem Sioe Liong, said the Rp 297.

Jamsostek ordered to help small firms

Jamsostek ordered to help small firms JAKARTA (JP): President Soeharto has instructed state-owned social insurance firm PT Jamsostek to allocate Rp 2 trillion (US$588 million) of its investment fund to small firms, and provide an additional $1 trillion for low-cost housing loans.

Thai athletes absolved of doping charges

Thai athletes absolved of doping charges JAKARTA (JP): The 19th SEA Games organizing committee will officially announce the reinstatement of two Thai athletes, who were previously accused of using banned substances during the biennial event.The committee's secretary-general, Rudolf S.

Hendra to come back, face truth

Hendra to come back, face truth JAKARTA (JP): Businessman Hendra Rahardja, who is still abroad, will return to Indonesia and take responsibility for his two liquidated banks, Bank Harapan Sentosa (BHS) and Bank Guna International (BGI), his lawyer said yesterday.

NZ and Australia to monitor PNG truce

NZ and Australia to monitor PNG truce CANBERRA (Reuters): Australia and New Zealand said yesterday they would send peacekeepers to the war-torn Papua New Guinea island of Bougainville ahead of peace talks aimed at ending one of the Pacific's longest and bloodiest civil wars.

Nortel to set up JVC

Nortel to set up JVC JAKARTA (JP): Nortel, a Canadian telecommunications equipment producer, plans to establish a joint venture company in Indonesia to anticipate growing opportunities in the Asian region, particularly in the Indonesian archipelago.

AREBI to tie up with S'pore realtors

AREBI to tie up with S'pore realtors JAKARTA (JP): The Indonesian Association of Real Estate Brokers (AREBI) will cooperate with the Association of Singapore Realtors to help develop each other's marketing skills.AREBI chairwoman Cynthia G.

S'pore aid offers to be queried

S'pore aid offers to be queried SINGAPORE (AP): Singapore lawmakers plan to question the country's aid offers to Thailand and Indonesia, Parliament announced yesterday.Several members have submitted written queries for Finance Minister Richard Hu and Trade and Industry Minister Lee Yock Suan to be...

Soeharto to embark on overseas trip

Soeharto to embark on overseas trip JAKARTA (JP): President Soeharto will embark on a 12-day overseas trip this morning to Namibia, South Africa, Canada and Saudi Arabia before returning home on Nov. 29.

15 locals compete in Djarum Formula Asia

15 locals compete in Djarum Formula Asia JAKARTA (JP): About 15 local drivers have confirmed their participation in the Djarum Formula Asia at Sentul International Circuit, near Bogor, scheduled for Nov. 22 and Nov. 23.The competition is the third and fourth round in the series.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 17, 1997: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 700 -200 32,500 AHAP Insurance 2,500 0 0 Alter Abadi 525 0 0 Alumindo Light Metal 425 -25 2,500 Alumindo...

Bears keep stranglehold on Southeast Asian trade

Bears keep stranglehold on Southeast Asian trade SINGAPORE (Reuters): The Southeast Asian rubber trade remained mired in a ferocious bear market as poor consumer sentiment is seen driving prices lower this week, dealers said yesterday."It's extremely bearish," a senior European dealer said.

$3b spent on foreign workers: Ginandjar

$3b spent on foreign workers: Ginandjar JAKARTA (JP): Indonesia has to spend US$254.6 million per month, or $3.05 billion a year, to pay 60,313 foreign workers in the country, State Minister of National Development Planning Ginandjar Kartasasmita revealed yesterday.

Hepatitis B infects orangutans

Hepatitis B infects orangutans SAMARINDA, E. Kalimantan: Twelve orangutans have been infected with the Hepatitis B virus in the Wanariset Semboja rare animal rehabilitation center in East Kalimantan, Antara reported yesterday.

Increase in oil supply quota 'good for RI'

Increase in oil supply quota 'good for RI' JAKARTA (JP): Former secretary-general for the Organization of the Petroleum Exporting Countries (OPEC) Subroto called on Indonesia yesterday to put its weight behind Saudi Arabia's call for an increase in the oil supply quota.