Archive: 26 November 1997
64 articles found
Wed, 26 Nov 1997, 00:00 WIB
Govt rejects out-of-court conditions by closed bank
Govt rejects out-of-court conditions by closed bank JAKARTA (JP): Minister of Finance Mar'ie Muhammad and Bank Indonesia Governor Soedradjat Djiwandono rejected through their lawyers yesterday an out-of-court settlement proposed by a businessman whose bank was closed by the government earlier this month.
Wed, 26 Nov 1997, 00:00 WIB
70 timber firms lose permits
70 timber firms lose permits JAKARTA (JP): At least 70 timber companies have lost their forest concession permits as of October this year for failing to abide by the government's forestry regulations, says a senior official. The secretary general of the Ministry of Forestry, Oetomo, said the revoked concession permits covered over 4.5 million hectares of forest.
Wed, 26 Nov 1997, 00:00 WIB
Accounting standards a product of political action
Accounting standards a product of political action By Djohan Pinnarwan JAKARTA (JP): There was once a time, not so many years ago, when accounting could be thought of as an essentially nonpolitical subject. If it was not as far removed from politics as was mathematics or astronomy, it was at least no more political than psychology or surveying or computer technology or statistics.
Wed, 26 Nov 1997, 00:00 WIB
Tatia Group funds photography contest
Tatia Group funds photography contest JAKARTA (JP): A private firm is to hold a photo competition for Indonesia's media professionals with cash prizes of Rp 23 million (US$6,385), the organizers said yesterday. The contest, with the theme Anak Indonesia Dalam Persahabatan (The Friendships of Indonesian Children), is open to both journalists and press photographers throughout the county," Shanti Shamdasani, the spokeswoman for Tatia Group, said.
Wed, 26 Nov 1997, 00:00 WIB
Australian economy feels Asian downturn
Australian economy feels Asian downturn SYDNEY (Reuters): Major international trading houses and banks in Australia are feeling the first effects of Asia's economic shakeout broadening across the export commodities range. Japanese, Korean, Chinese and U.S. trading houses, as well as major Australian banks, all told Reuters on Tuesday that they had still not felt major effects of Asia's economic crunch.
Wed, 26 Nov 1997, 00:00 WIB
Navy cleans up Sunter Lake
Navy cleans up Sunter Lake JAKARTA (JP): The Navy's Western Fleet Command organized a one-day cleanup of Lake Sunter in North Jakarta yesterday involving 1,000 people. The cleanup is one of the command's programs to commemorate its anniversary on Dec. 5, the assistant for personnel affairs, Capt. Suparno, said after the launch. "The participants are Navy personnel, Navy Academy students and high school students from North Jakarta," he was quoted by Antara as saying.
Wed, 26 Nov 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 25 , 1997: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 925 -125 2,000 AHAP Insurance 925 0 0 Alter Abadi 575 50 10,000 Alumindo Light Metal 375 0 477,500 Alumindo Perkasa 275 0 0 Aneka Kimia Raya 650 0 3,250,500 Anwar Sierad 250 -50 199,000 Apac Centertex Corp.
Wed, 26 Nov 1997, 00:00 WIB
RI negotiates use of Singapore loans
RI negotiates use of Singapore loans JAKARTA (JP): The central bank, Bank Indonesia, clarified yesterday that it would use rupiah derived from Singapore's currency market intervention, not Singapore's promised standby loans, as a loan to support Indonesian businesses.
Wed, 26 Nov 1997, 00:00 WIB
Shuttlers want fair, neutral new chairman
Shuttlers want fair, neutral new chairman JAKARTA (JP): Some senior shuttlers are hoping that the new chairman of the Badminton Association of Indonesia will not side with some players during his four-year period in office. "Whoever chairs the association doesn't matter to us. The most important thing is that he doesn't favor some players but he must also want to get close to the players," said Joko Suprianto while collecting his SEA Games bonus yesterday.
Wed, 26 Nov 1997, 00:00 WIB
Tokyo share prices lead Asian sell-off
Tokyo share prices lead Asian sell-off TOKYO (AFP): Japanese share prices tumbled 5.1 percent yesterday and the bearish sentiment spilled over into other Asia- Pacific markets following the collapse of giant Yamaichi Securities Co. Ltd. Stock markets across the region ended lower, following the footsteps of U.S. and European markets overnight. Japanese investors dumped financial issues on the first day of trading following the collapse of Yamaichi after a public holiday Monday.
Wed, 26 Nov 1997, 00:00 WIB
U.S. Embassy in RP sees noisy protest
U.S. Embassy in RP sees noisy protest MANILA (AP): Hundreds of left-wing activists denouncing free trade broke through a police blockade yesterday to stage a noisy protest in front of the U.S. Embassy against the Asia Pacific Economic Cooperation summit in Vancouver. No one was injured, but police arrested a man with a dagger who ran along with the 500 protesters toward the embassy. Police said the man was not one of the protesters.
Wed, 26 Nov 1997, 00:00 WIB
Abortion debate
Abortion debate As people in the American state of Iowa rejoice at the miraculous birth of septuplet babies, here in Jakarta, we wake up to the horror discovery of fetuses and stillborn babies ditched in waste dumps. The two plastic bags found in different places in Tanjung Priok district contained not seven fetuses and stillborn babies as first reported on Friday, or 11 on Saturday. At the last count, the body parts belonged to more than 20 babies, born and otherwise.
Wed, 26 Nov 1997, 00:00 WIB
RI military stresses 'hearts and minds'
RI military stresses 'hearts and minds' BANGKOK (JP): The Indonesian Armed Forces (ABRI) has always been a strong proponent of international humanitarian law, Maj. Gen. Prabowo Subianto, commanding general of the Army's special forces says.
Wed, 26 Nov 1997, 00:00 WIB
Thailand cuts growth forecast to 0.6% for 1997
Thailand cuts growth forecast to 0.6% for 1997 BANGKOK (AFP): Thailand has slashed its economic growth forecast for 1997 to only 0.6 percent because of the plunge in the baht and the currency turmoil across Asia, the finance minister said yesterday. Tarrin Nimmanahaeminda told a news conference of the revision from an earlier forecast of 2.5 percent, which was the original target of an International Monetary Fund (IMF) economic rescue plan for Thailand.
Wed, 26 Nov 1997, 00:00 WIB
Be friendly to patients, Sujudi says
Be friendly to patients, Sujudi says JAKARTA (JP): Minister of Health Sujudi said medical personnel should provide friendly service rather than callously ask down payment from patients who enter the hospital door. "Apart from (good) medical treatment, the friendliness of medical personnel would help patients recover, particularly those who are already suffering from distress," Sujudi said at the inauguration of the Dr. Muhammad Yunus General Hospital in Bengkulu yesterday.
Wed, 26 Nov 1997, 00:00 WIB
Land broker killed during house break-in
Land broker killed during house break-in JAKARTA (JP): At least three people broke into a house in Bekasi early yesterday morning, killing the owner and wounding his wife and son. The intruders did not attempt to steal anything from the house in Kampung Tanah Baru, Cikarang, a family relative said. The victim, identified as Cecep Yunara, 48, a freelance land broker, was stabbed in the head and back during the attack and his wife Rodiah, 39, and son Fikri Sunarya, 16, were also injured.
Wed, 26 Nov 1997, 00:00 WIB
BNI increases loan loss provision
BNI increases loan loss provision JAKARTA (JP): Bank Negara Indonesia's loan loss provision rose by 77.16 percent as of September this year to Rp 755.58 billion (about US$222.22 million) from Rp 424.49 billion in the same month last year. BNI president Widigdo Sukarman said yesterday that the rise in the loan loss provision was necessary to reduce risk from nonperforming loans.
Wed, 26 Nov 1997, 00:00 WIB
Montessori students break away from rote learning
Montessori students break away from rote learning By Linawati Sudarto JAKARTA (JP): "The secret of all nature is to be found in the soul of the child," wrote Maria Montessori, Italy's first medical doctor, in describing the journey of discovery of English poet William Wordsworth. Written in one of her many books, The Discovery of the Child, it embodies this educator's passion in discovering the full potential of children.
Wed, 26 Nov 1997, 00:00 WIB
Spotlight
Spotlight Photo A: OMRON JP/msa TECHNOLOGICAL TRANSFER: Yukio Uchida, general manager of OMRON Corporate Communications Center (left), and Yoga Ibrahim, rector of the Indonesian Institute of Technology, exchange documents on an agreement in which the Japanese institute would donate electronic factory equipment. The signing was held at OMRON's Jakarta office on Nov. 20.
Wed, 26 Nov 1997, 00:00 WIB
House awaits results of Jamsostek scandal probe
House awaits results of Jamsostek scandal probe JAKARTA (JP): House of Representatives leaders will not take any measures against legislators who allegedly took bribes while deliberating the manpower bill pending the investigation launched by the Development and Finance Control Agency and the Attorney General's office.
Wed, 26 Nov 1997, 00:00 WIB
Satelindo hosts GSM meeting
Satelindo hosts GSM meeting JAKARTA (JP): PT Satelindo, one of the private telecommunications firms which operate a cellular phone service, is hosting a two-day GSM meeting in Jimbaran, Bali. The event is the seventh Asia Pacific Interest Group (APIG) meeting of 49 GSM operators and administrators in the Asia- Pacific region. Satelindo is one of three global system for mobile communications (GSM) operators in Indonesia.
Wed, 26 Nov 1997, 00:00 WIB
Three most powerful banks
Three most powerful banks From Merdeka Society has now learned a hard lesson from the recent measures taken by the government to liquidate 16 private banks. People should now be more careful in choosing which banks they can trust to deposit their money. People should also be vigilant against any bank that offers high interest on customers' funds.
Wed, 26 Nov 1997, 00:00 WIB
18 APEC leaders to unite to deal with economic crisis
18 APEC leaders to unite to deal with economic crisis By Meidyatama Suryodiningrat VANCOUVER, Canada (JP): The 18 leaders of the Asia Pacific Economic Cooperation (APEC) have expressed commitment to overcoming together the economic turmoil which has been described here as a precursor to a possible "Asian meltdown".
Wed, 26 Nov 1997, 00:00 WIB
PT Eterindo to issue US$200 million in bonds
PT Eterindo to issue US$200 million in bonds JAKARTA (JP): Publicly listed PT Eterindo Wahanatama, through its subsidiary Eterindo Wahanatama B.V. in the Netherlands, plans to issue US$200 million in bonds some time next year. The company's finance director G. Wahyudi Harjo said yesterday that the company had not yet set the time frame for the issuance of the bonds.
Wed, 26 Nov 1997, 00:00 WIB
Jamsostek scandal
Jamsostek scandal From Media Indonesia Workers' Social Security (Jamsostek) is identical to labor contribution fees (and those of employers) to guarantee social security for workers when needed. Therefore, whatever is regulated in the Jamsostek Law, it is only proper that some of the funds are returned to workers right now, not when they retire or when there employment is terminated. The refund could be in the form of loans for very low-cost houses at lenient terms.
Wed, 26 Nov 1997, 00:00 WIB
Women's activist seeks law on domestic violence
Women's activist seeks law on domestic violence JAKARTA (JP): A female activist yesterday called on the government to establish a law on domestic violence to protect women from assault. Chairwoman of the Association of Indonesian Women for Justice (APIK) Nursyahbani Katjasungkana said the law would provide women with legal protection against mental and physical assault by their husbands.
Wed, 26 Nov 1997, 00:00 WIB
Boat adrift for 9 weeks in Pacific
Boat adrift for 9 weeks in Pacific AUCKLAND, New Zealand (AFP): A group of Indonesians who set out in a wooden sailboat on a one-hour trip ended up nine weeks later 3,000 kilometers away in Micronesia after a storm destroyed their sail, the U.S. Coast Guard on Guam said. Four were in a Micronesian hospital yesterday and nine or more died during their ordeal -- the second time in a month an Indonesian boat has drifted to the Federated States of Micronesia. Lt.
Wed, 26 Nov 1997, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Music and Entertainment * Sheraton Hotel, Jl. Ir. H. Juanda No. 390: - Tuscany's Restaurant: Quartet Singers, Los Anjus, Monday and Wednesday, at 7 p.m., Acapella, Friday, Saturday, at 8 p.m. to 9 p.m. - Samsara Lounge: Kecapi Suling, Monday to Thursday, at 5 p.m. to 7 p.m., Sunday 12 p.m. to 2 p.m., Solo Piano, Monday to Thursday, 7 p.m. to 9:45 p.m., Volare Night, Latin music, Friday, 7 p.m. to 10:45 p.m., Acapella Country by Four Sure, Saturday, 7 p.m. to 11:45 p.m.
Wed, 26 Nov 1997, 00:00 WIB
U.S.-RP task force on waste proposed
U.S.-RP task force on waste proposed MANILA (AFP): The Philippines has proposed a joint task force with the United States to investigate whether former U.S. bases in this country contain toxic waste, it was announced yesterday. Philippine Foreign Secretary Domingo Siazon made the proposal in talks with U.S. Secretary of State Madeleine Albright in Vancouver, a statement issued here said. It did not say what Albright's reaction was.
Wed, 26 Nov 1997, 00:00 WIB
Bintuni Minaraya to sell 400m shares
Bintuni Minaraya to sell 400m shares JAKARTA (JP): Integrated fishing company PT Bintuni Minaraya, plans to sell 400 million new shares, or around 24.5 percent of its total shares, early next year to raise funds for financing its expansion program. Company president Anwar Pulukadang said yesterday the shares, each at a par value of Rp 500, would be sold at about Rp 900 (about 25 U.S. cents).
Wed, 26 Nov 1997, 00:00 WIB
Thammanoon ready to defend his title
Thammanoon ready to defend his title JAKARTA (JP): Defending champion Thammanoon Sriroj of Thailand is ready to defend his title at the US$300,000 1977 Tugu Pratama PGA Championship. Thammanoon said at a press conference yesterday that he was in good shape for the tournament scheduled from today to Saturday at the Bumi Serpong Damai golf course. "I'm in good shape and I think the guy sit next to me, Mike Cunning, will be my toughest rival here," said Thammanoon, through his interpreter.
Wed, 26 Nov 1997, 00:00 WIB
Currencies to squeeze profits of ASEAN food firms
Currencies to squeeze profits of ASEAN food firms SINGAPORE (Reuters): The financial turbulence sweeping Southeast Asia will hit the bottom-line earnings of food companies this year and next, participants at an ASEAN food conference in Singapore said yesterday. "Profits will surely be squeezed by the currency crisis," Goh Seng Aun, manager of Malaysia's Food Ingredients Specialities, a unit of Nestle S.A., told Reuters.
Wed, 26 Nov 1997, 00:00 WIB
Business strategy in Asia-Pacific
Business strategy in Asia-Pacific By Sofjan Wanandi This is the second of two articles based on a paper presented at the Asia Pacific Economic Cooperation forum's CEO Summit in Vancouver, Canada on Sunday. VANCOUVER, Canada: In the next five years or so, Indonesia and the Philippines will continue to have a comparative advantage in businesses using unskilled labor-intensive production such as garments, footwear and assembly of electronic products.
Wed, 26 Nov 1997, 00:00 WIB
Rupiah's sharp depreciation affects Telkom's net profit
Rupiah's sharp depreciation affects Telkom's net profit JAKARTA (JP): State-owned domestic telecommunications operator PT Telkom reported yesterday a slower growth in its net profit in the third quarter of this year due to the sharp deprecation of the rupiah against the dollar since last July. The company announced that its net profit rose less than 0.1 percent to Rp 1.126 trillion in the 1997 January to September period from Rp 1.125 trillion in last year's corresponding period.
Wed, 26 Nov 1997, 00:00 WIB
Airline company gets bomb threat
Airline company gets bomb threat BANDA ACEH, Aceh: Malaysia's Pelangi Airways has received a bomb threat over plans to resume its Banda Aceh-Kuala Lumpur- Penang flights on Friday, Nov. 28, Antara reported. "The provincial administration of Aceh regrets the incident, which has also caused us harm," head of the provincial tourist office, Ramli Dahlan, said here yesterday.
Wed, 26 Nov 1997, 00:00 WIB
ADB's loan to Indonesia
ADB's loan to Indonesia MANILA (AFP): The Asian Development Bank (ADB) yesterday said it had approved a US$78.6-million loan to promote self-reliance among Indonesia's poor. The loan will go to developing a mechanism for reducing poverty through self-help groups and small loans and through training in 12 Indonesian provinces where the bulk of the country's poor reside, the ADB headquarters in Manila said.
Wed, 26 Nov 1997, 00:00 WIB
Kemang businesses react angrily to city's closure plan
Kemang businesses react angrily to city's closure plan JAKARTA (JP): The city's plan to close 180 businesses in Kemang for permit violations is "unfair" and should be reconsidered, according to those affected by the decision. Local businesspeople said yesterday that they were "victims" and the city should be "more flexible" in its approach to land use in Kemang.
Wed, 26 Nov 1997, 00:00 WIB
200 cars to compete in Wisata Rally
200 cars to compete in Wisata Rally JAKARTA (JP): About 200 cars are expected to take part in the Langit Biru Wisata Rally around the capital on Dec. 7. The tour is being held to commemorate the 50th anniversary of Pertamina, the state-run oil company, which is organizing the event with the Jakarta Sportscar Fan club, Trendypromo Mandiri public relations company and the Jakarta chapter of the Indonesia Motor Association. The touring rally has become an annual tradition.
Wed, 26 Nov 1997, 00:00 WIB
Scholar warns nation of bloody coflicts
Scholar warns nation of bloody coflicts DEPOK, West Java (JP): Political scientist Mochtar Pabottingi has warned that "bloody" conflicts could take place if power holders continue to ignore the pressing public demand for political reform. "Indonesia may not disintegrate totally (as other observers have feared), we're strong enough to survive that," he said here yesterday.
Wed, 26 Nov 1997, 00:00 WIB
BI avoids firm stance on Bambang's acquisition of Bank Alfa
BI avoids firm stance on Bambang's acquisition of Bank Alfa JAKARTA (JP): Bank Indonesia, the central bank, attempted to respond to questions from members of the House of Representatives yesterday about the allegedly controversial acquisition of Bank Alfa's license by President Soeharto's son Bambang Trihatmodjo. Bank Indonesia Governor J.
Wed, 26 Nov 1997, 00:00 WIB
'Time to pick up stocks'
'Time to pick up stocks' SINGAPORE (AFP): It's time to pick up selected stocks in Southeast Asia at bargain prices despite the regional financial crisis but profits won't come for years, a regional equities guru said in remarks published Tuesday. "Countries do recover, the crises do not last forever," Templeton Asset Management's emerging-markets champion Mark Mobius was quoted as saying by the Straits Times. "At the height of the Mexican peso crisis (in 1995), we were purchasing stocks then.
Wed, 26 Nov 1997, 00:00 WIB
OPEC assesses member compliance with quota
OPEC assesses member compliance with quota JAKARTA (JP): The Organization of Petroleum Exporting Countries (OPEC) held preliminary talks yesterday to assess the compliance of its members with production quotas amid heated discussion over a proposed quota increase.
Wed, 26 Nov 1997, 00:00 WIB
Students group refuses Soeharto's renomination
Students group refuses Soeharto's renomination JAKARTA (JP): A small group of law students dared yesterday to dissent from the increasingly uniform voice of the community by rejecting the renomination of President Soeharto for the 1998/2003 presidency.
Wed, 26 Nov 1997, 00:00 WIB
DBS Bank comfortable with Korean exposure
DBS Bank comfortable with Korean exposure SINGAPORE (Reuters): DBS Bank, one of Singapore's largest, is comfortable with its loan exposure in South Korea and Indonesia, bank deputy president Tan Soo Nan said yesterday.
Wed, 26 Nov 1997, 00:00 WIB
Johannes Kotjo quits ABR
Johannes Kotjo quits ABR SINGAPORE (Reuters): Food group ABR Holdings Ltd said yesterday its board of directors had been changed. The announcement followed acquisition of control of the company by a group of Singapore businessmen. The company said in a statement that Indonesian businessman Johanes Kotjo had resigned from his position as ABR chairman and had been replaced by Ang Yee Lim. Three other directors, including managing director Tatang Tabrani, had also resigned.
Wed, 26 Nov 1997, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Painting Exhibition: The Southern Charm by Katrina Bohan- Tyrie, at Galeri Linggar, Jl. Kemang Timur No. 36, South Jakarta, 10 a.m. to 10 p.m., until Dec. 7. * Painting Exhibition: By Yaqub Elka at Kedai Cakep, Gelanggang Remaja Bulungan, Jl. Bulungan Blok C-1, South Jakarta, until Nov. 30. * Painting Exhibition: Pesona Lukisan Kecil 4 by Five Indonesian Artists (Indonesia Lima), at Holiday Inn Crowne Plaza, Jl. Gatot Subroto Kav.
Wed, 26 Nov 1997, 00:00 WIB
Seven killed in road accident
Seven killed in road accident PAMANUKAN, West Java: Seven people died Monday morning when a passenger bus collided with a truck on Pamanukan road, Sukasari village, Subang regency, Antara reported. Two of the casualties were the drivers of the Putri Jaya bus and the truck. Police said the bus, headed toward Cikampek at great speed, tried to overtake another vehicle and hit the truck, loaded with sand, coming from the opposite direction.
Wed, 26 Nov 1997, 00:00 WIB
Hooliganism at soccer matches
Hooliganism at soccer matches From Sinar Pagi The Liga Indonesia soccer competition has just started, but its impact is already being felt. In certain towns hooliganism has occurred. It is a bad sign for the development of Indonesian soccer and the safety of the community. Apart from formless play, bad refereeing has often triggered turmoil which leads to spectator brutality. A match on Nov.
Wed, 26 Nov 1997, 00:00 WIB
Foreign medics 'free to examine Pakpahan'
Foreign medics 'free to examine Pakpahan' By Kornelius Purba VANCOUVER, Canada (JP): Indonesian President Soeharto told United States President Bill Clinton on Monday that Indonesia would not object to foreign doctors examining jailed labor leader Muchtar Pakpahan. Responding to Clinton's inquiry, Soeharto said foreign physicians were free to come and examine Pakpahan but an Indonesian doctor would have to be present.
Wed, 26 Nov 1997, 00:00 WIB
'Lutung Kasarung' performed on stage
'Lutung Kasarung' performed on stage JAKARTA (JP): A theatrical performance of one of Indonesia's profound literary pieces, Lutung Kasarung, will be held at the Jakarta Playhouse until tomorrow night. Several health foundations have organized the Charity Night of Paripurna Theater as a sign of support for Minister of Social Services Endang Kusuma Inten Soeweno's advice to promote wellbeing through proper medical care.
Wed, 26 Nov 1997, 00:00 WIB
Australia gives A$1m in aid to Irian Jaya
Australia gives A$1m in aid to Irian Jaya JAKARTA (JP): The Australian government announced yesterday it would provide A$1 million (US$700,000) in aid to Jayawijaya in Irian Jaya, adding to the string of donations to the drought-hit regency. The Mission Aviation Fellowship (MAF) also announced Monday that it would provide experienced former pilots to help fly relief to remote villages in the mountainous regency, Antara reported.
Wed, 26 Nov 1997, 00:00 WIB
Separatist rebels foray for food
Separatist rebels foray for food JAYAPURA, Irian Jaya: Chief of the Irian Jaya Military Command Maj. Gen. Johny Lumintang said hunger has forced separatist rebels, who have been hiding in the hills, to approach villages in search for food, Antara reported. The rebels did not realize that the villagers were also suffering from a food shortage as a result of the long drought.
Wed, 26 Nov 1997, 00:00 WIB
Students protest teachers' insult
Students protest teachers' insult MATARAM, West Nusa Tenggara: At least 80 students of a high school in Praya, Central Lombok, and their parents staged a demonstration at the provincial education office over the expulsion of a female student that the teachers accused of being a prostitute.
Wed, 26 Nov 1997, 00:00 WIB
PSN reports higher losses from January to September
PSN reports higher losses from January to September JAKARTA (JP): Publicly listed satellite operator PT Pasifik Satelit Nusantara (PSN) reported here yesterday total losses of US$7.34 million in the first nine months of this year, up sharply from $282,472 in losses during the same period last year. The company reported a loss of $0.09 in its earnings per share in the January to September period in 1997. During the same period in 1996, PSN reported no earnings per share.
Wed, 26 Nov 1997, 00:00 WIB
Sinking 'Leuser' to be replaced
Sinking 'Leuser' to be replaced SAMARINDA, East Kalimantan: Minister of Transportation Haryanto Dhanutirto ordered the state-owned shipping company PT Pelni yesterday to find another passenger ship to take over from the now-sinking KM Leuser. After inspecting the sinking ship at Muara Sangasanga on the Mahakam River, some 10 nautical miles from here, Haryanto said that another ship would be needed to serve the route for at least six months.
Wed, 26 Nov 1997, 00:00 WIB
City to target unruly civil servants
City to target unruly civil servants JAKARTA (JP): The municipality is to launch a major crackdown on disobedient civil servants at City Hall in a bid to strengthen discipline. Toha Reno, head of the city's public order subdivision, told The Jakarta Post yesterday that the program will restart early next month. "The implementation of the disciplinary movement at City Hall has been put on hold since Sutiyoso assumed office as the new governor in September.
Wed, 26 Nov 1997, 00:00 WIB
Sjafrie pledges to rid T. Abang of hoodlums
Sjafrie pledges to rid T. Abang of hoodlums JAKARTA (JP): The city's rehabilitation program for 68 alleged hoodlums from Tanah Abang in Central Jakarta will help reestablish the men as good citizens in the community, a military official said yesterday. "The hoodlums will not be relocated," Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin said. "Instead, they have to be completely eliminated from streets in the capital.
Wed, 26 Nov 1997, 00:00 WIB
Confidence crisis not yet over despite aid: Expert
Confidence crisis not yet over despite aid: Expert JAKARTA (JP): The turmoil that continues to hit the rupiah and the local stock market indicates that confidence has yet to return to the country's economy despite an International Monetary Fund bailout, an economist has said.
Wed, 26 Nov 1997, 00:00 WIB
WIC to hold charity bazaar
WIC to hold charity bazaar JAKARTA (JP): The Women's International Club (WIC) here is to hold its 30th, two-day, charitable bazaar at the Jakarta Convention Center in Central Jakarta next week. Mariah Waworuntu, general chairwoman of WIC-Jakarta, said yesterday that the bazaar would be opened Monday by Mrs. Tuty Try Sutrisno, wife of the Vice President.
Wed, 26 Nov 1997, 00:00 WIB
Govt factions dismiss fear of authoritarianism
Govt factions dismiss fear of authoritarianism JAKARTA (JP): Three factions in favor of a motion to grant the next president extra power strove yesterday to appease some people's concern that it would lead to authoritarianism.
Wed, 26 Nov 1997, 00:00 WIB
Hundreds of small and middle developers on brink of collapse
Hundreds of small and middle developers on brink of collapse JAKARTA (JP): Hundreds of small and medium-scale housing developers are on the brink of collapse due to the credit crunch stemming from the government's monetary policies, according to the Association of Real Estate Developers (REI).
Wed, 26 Nov 1997, 00:00 WIB
Banks need info incentives, disincentives
Banks need info incentives, disincentives By Suwiryo Ismail JAKARTA (JP): The recent liquidation of 16 insolvent banks is one of the worst incidents in the history of the country's monetary communication during the New Order era. The main reason for the incident does not merely stem from the lack of depositors' awareness of information about the banks but, more significantly, from the imbalance of Indonesia's monetary communication system.
Wed, 26 Nov 1997, 00:00 WIB
Asahi to build RI plant
Asahi to build RI plant TOKYO (Reuters): Mitsubishi Corp and Asahi Chemical Industry Co Ltd said yesterday that they would build a $240 million plant in Indonesia to produce ammonia. The ammonia plant is expected to have a production capacity of 500,000 tons per year, spokesmen for the companies said. The plant will be operated by PT Kaltim Parna Industri, a unit of the Indonesian Kaltim group.
Wed, 26 Nov 1997, 00:00 WIB
Asian crisis and global economics
Asian crisis and global economics It took a speech from United States President Bill Clinton to remind the world of one vital, but strangely neglected factor in the excess of debate over the Asian economic crisis. On his way to attend the Asia-Pacific Economic Cooperation summit in Vancouver, Mr. Clinton drew attention to the inter- dependence of the world's major economies, pointing out that millions of American jobs and a third of U.S. exports are dependent on trade with Asia.