Indonesian Political, Business & Finance News

Archive: 28 November 1997

21 articles found

World Bank, ADB may join IMF-led Korean bail

World Bank, ADB may join IMF-led Korean bail SEOUL (Reuters): Saying US$20 billion would not be enough to deal with a debt crisis, South Korea's Finance Minister said the World Bank and the Asia Development Bank were also willing to contribute to an IMF-led program.

Satelindo's service

Satelindo's service On Sept. 17, 1997 I purchased an Ericsson model GH688 mobile telephone handset together with SIM card and a package of services that purported to include GSM roaming and IDD. This package cost Rp 1,600,000.

Tourist arrivals drop in Batam, Bali

Tourist arrivals drop in Batam, Bali JAKARTA (JP): The number of foreign tourists arriving in Batam Island, one of Indonesia's seven entry points for travelers, dropped by 2.37 percent in October to 80,659 people, compared to 82,577 for the same time last year.

RI's economy needs massive reforms: economists

RI's economy needs massive reforms: economists JAKARTA (JP): Total reformation requires changes from both the government and the business sector to prevent another economic crisis in the future, economists from the University of Indonesia said here Thursday.

Where to go in Jakarta: Saturday, Nov. 29, 1997

Where to go in Jakarta: Saturday, Nov. 29, 1997Exhibitions * 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.

By Laksamana Sukardi

By Laksamana Sukardi This is the second of two articles based on based on a paper presented at a "power breakfast" meeting organized by the International Advertising Association at the Hilton Executive Club on Nov. 21, 1997 in Jakarta.

Southeast Asia faces two to three years of pain

Southeast Asia faces two to three years of pain By Roberto Coloma SINGAPORE (AFP): Southeast Asia faces a sharp and painful slowdown in the next two to three years after a currency crisis slammed the brakes on an astonishing growth run which masked serious regional flaws, economists say.

Govt to lend dollar to private firms

Govt to lend dollar to private firms JAKARTA (JP): The government is to extend U.S.-dollar loans to local export-oriented firms to help boost the country's non-oil exports, Minister of Industry and Trade Tunky Ariwibowo said here Thursday.

Forestry minister declares war against illegal levies

Forestry minister declares war against illegal levies JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo issued Thursday an instruction to all provincial offices of his ministry to fight against illegal levies in the forestry sector.In his letter No.

Positive moves amid all the gloom

Positive moves amid all the gloom One significant feature of the just-ended Asia-Pacific Economic Cooperation (APEC) forum was that speaker after speaker hammered home the same message: Globalisation is here to stay; it is the way of the future.

By Laksamana Sukardi

By Laksamana Sukardi This is the second of two articles based on a paper presented at a "power breakfast" meeting organized by the International Advertising Association at the Hilton Executive Club on Nov. 21, 1997 in Jakarta. JAKARTA: The IMF arrived quickly on the scene to rescue the economy.

KL seeks RI's coop in palm oil industry

KL seeks RI's coop in palm oil industryBy David Chew SINGAPORE (JP): The haze, the battered currencies and depressed stock markets have certainly exacted a heavy toll on the environment and economies of Indonesia and Malaysia.

Chamber Music Society celebrates Schubert

Chamber Music Society celebrates SchubertBy Nicolas Colombant JAKARTA (JP): The cast of the Yayasan Musik Internasional chamber music society reads like the classical music version of the Globetrotters: Coming soon to a recital hall near you.Lead violinist I.G.

Indonesia rice order boosts Thai market, more seen

Indonesia rice order boosts Thai market, more seen BANGKOK (Reuters): Indonesia's purchase of 300,000 tons of Thai rice has cheered the local market amid expectations of further orders, trade sources said Thursday. They estimated that Indonesia was likely to import between 1.5 million and 2.

ASEAN declares haze over, urges tourists to return

ASEAN declares haze over, urges tourists to return SINGAPORE (AFP): The smoky haze that affected Southeast Asia for months is over, a joint statement from ASEAN members said Thursday, urging tourists to return to a region now basking in "blue skies and brilliant sunshine".

APEC benefiting small traders?

APEC benefiting small traders?By Juni Thamrin and Charlene Simpson BANDUNG (JP): The 1997 Action Plan for small and medium enterprises (SMEs) has been hailed by APEC as the key to strengthening SMEs dynamism.

APEC benefiting small traders?

APEC benefiting small traders?By Juni Thamrin and Charlene Simpson BANDUNG (JP): The 1997 Action Plan for small and medium enterprises (SMEs) has been hailed by APEC as the key to strengthening SMEs dynamism.

`Lutung Kasarung' defines symbolism

`Lutung Kasarung' defines symbolism By Yogita Tahil Ramani JAKARTA (JP): It is often said that a person gets from a symbol the meaning he puts into it, and what is one man's comfort and inspiration is another's jest and scorn.

Asia 2020 -- Asia's banks face long road to recover

Asia 2020 -- Asia's banks face long road to recover By Marguerite Nugent SINGAPORE (Reuters): Many banks in Asia face a long road to recovery from the region's financial crisis, but when they do they should be ready to meet the challenge of regional and global competitors, analysts and economists...

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;JP;LEO;LEO;OBY; ANPAv..r.. Photo-Rarang-Sari-Schubert Photo captions JP/9/CAP Photo captionsPhoto A: RarangJP/leoThe wicked Purba Rarang proudly flaunts her tresses as a symbol of beauty. In the stage act of the literary piece Lutung Kasarung, the length and texture of a woman's hair signified the...

Asia-Pacific finance ministers to focus on turmoil, G15 opts out

Asia-Pacific finance ministers to focus on turmoil, G15 opts out KUALA LUMPUR (AFP): Asia-Pacific finance ministers plan to discuss steps to make currency trading more transparent and develop prudential and disclosure standards for financial markets during their two-day meeting next week, a senior...