Indonesian Political, Business & Finance News

Archive: 29 November 1997

66 articles found

Southeast Asia faces two to three years of pain

Southeast Asia faces two to three years of painBy 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.

Regional police chief installed

Regional police chief installed BOGOR (JP): Col. Abubakar Nataprawira, the chief of Palembang Police in South Sumatra, was installed Wednesday as Bogor's new regional police chief, replacing Col. Dadang Garnida.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 27, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 825 -25 500 AHAP Insurance 600 0 0 Alter Abadi 500 0 0 Alumindo Light Metal 350 0 611,500 Alumindo Perkasa...

Banning of play about Marsinah criticized

Banning of play about Marsinah criticized SURABAYA (JP): The Surabaya Legal Aid Institute and Indonesian Islamic University Students' Movement (PMII) decried Thursday a police banning of a play about the life of slain labor activist Marsinah.

Four drown, 2 missing as boat sinks in Ancol

Four drown, 2 missing as boat sinks in Ancol JAKARTA (JP): At least four men drowned and two others went missing after a boat transporting dozens of soccer players and supporters capsized on the Ancol canal in North Jakarta yesterday.

Student arrested with marijuana

Student arrested with marijuana JAKARTA (JP): A sixteen-year-old student has been arrested in Tangerang's Legok district for allegedly using and possessing marijuana, police said.City Police spokesman Lt. Col. E.

Moslem-based faction approves security decree

Moslem-based faction approves security decree JAKARTA (JP): The United Development Party (PPP) faction, the lone holdout on a proposal to reestablish the right of extraordinary presidential powers, has finally relented in the face of intense lobbying from the dominant Golkar and its allies in the...

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".

Two get seven years for murder

Two get seven years for murder JAKARTA (JP): The Central Jakarta District Court on Wednesday sentenced two men to serve seven years in prison for beating a man to death.Presiding judge Suyatno said the two defendants, identified as Sarijan Purnomo, 30, and Hendri Pasaribu, 32 -- along with a third...

Govt to extend dollar loans to private firms

Govt to extend dollar loans 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.

QAF revises takeover terms

QAF revises takeover terms SINGAPORE (Reuters): QAF Ltd. said yesterday it was re- examining and would possibly revise the terms of its takeover of Indonesian noodle-maker PT Indofood Sukses Makmur.It said in a statement this was due to the current market conditions and the regional currency crisis...

Thuggery erodes native Betawis' patience: Expert

Thuggery erodes native Betawis' patience: Expert JAKARTA (JP): The recent clashes in Tanah Abang between local residents and alleged hoodlums reflect the real character of Betawi (native Jakartans) people, a senior historian said Thursday.

Cisco's Internet exchange

Cisco's Internet exchange JAKARTA (JP): Cisco Systems, one of the world's largest companies in networking, in cooperation with the Association of Indonesian Internet Service Providers, will build an Internet exchange here to enable local customers to interact directly with one another.

Falling trees injure three

Falling trees injure three BOGOR (JP): Five trees were uprooted during a hailstorm in Bogor Tengah district Thursday, slightly injuring three people.One of the five trees fell on a house where the three people -- Muslihat, 25, and his younger sisters Yanti, 20 and Anggi, 11 -- lived.

IMF injection wrong medicine for RI

IMF injection wrong medicine for RIBy 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.

Tourist arrivals drop on Batam, Bali

Tourist arrivals drop on 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.

Soldier killed by separatist rebels

Soldier killed by separatist rebels DILI, East Timor (JP): The Armed Forces has announced that one of its soldiers was kidnapped and murdered by Fretilin separatist rebels in East Timor.The body of 40-year-old Second Sgt.

RI rice order boosts Thai market

RI rice order boosts Thai market 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.

Respect thy neighbor (II)

Respect thy neighbor (II) Despite the success the Association of Southeast Asian Nations (ASEAN) has achieved in boosting cooperation and confidence among its members, there will always be discord between member countries which, at times, may put extra strain on the relations between the countries...

Expansion program boosts PT Polysindo's sales

Expansion program boosts PT Polysindo's sales JAKARTA (JP): PT Polysindo Eka Perkasa, a publicly listed polyester producer, reported a 52 percent year-on-year increase in net sales for this year's first nine months to Rp 1.56 trillion (US$445 million) from Rp 1.03 trillion.

OPEC meeting deadlocked over quota increase

OPEC meeting deadlocked over quota increase JAKARTA (JP): The Organization of Petroleum Exporting Countries (OPEC) Conference was in a deadlock over a proposed quota increase yesterday as several member countries were still opposed to the idea.

Friedlander leads, rain disrupts Tugu Pratama

Friedlander leads, rain disrupts Tugu Pratama JAKARTA (JP): Rain played havoc with the US$300,000 Tugu Pratama PGA Championship for the second consecutive day yesterday, but Swaziland's Paul Friedlander weathered the storm to keep in front.

SE Asian countries to examine emergency fund next wek

SE Asian countries to examine emergency fund next wek KUALA LUMPUR (Reuters): Southeast Asian nations will consider creating a special emergency fund to shore up confidence in the region's economies at a meeting next week, a senior Malaysian official said on Thursday.

S. Korean woes deepen Asian currency gloom

S. Korean woes deepen Asian currency gloom SINGAPORE (Reuters): South Korea's financial crisis helped kick Asian currencies lower yesterday as institutions bought dollars ahead of the weekend.Deepening concern over the fate of the Korean economy knocked almost 5 percent off the Seoul stock market...

Encyclopedia for children launched

Encyclopedia for children launched JAKARTA: An encyclopedia for children titled Ensiklopedia Bangsaku (The Encyclopedia of My Nation) was launched here Thursday.The four volumes of richly illustrated books provide children with interesting short stories about things that matter in their lives.

Asia-Pacific ministers to discuss currency crisis

Asia-Pacific ministers to discuss currency crisis 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 Malaysian...

Council supports rise in mall service fee

Council supports rise in mall service fee JAKARTA (JP): City Council has backed a move by the management of Mal Mangga Dua to increase the service fee paid by tenants in the West Jakarta mall.The new charge is Rp 9,000 (US$2.

Mahathir's remark discussed in U.S.

Mahathir's remark discussed in U.S. KUALA LUMPUR (AP): Malaysian diplomats have met with Jewish leaders in the United States to discuss Prime Minister Mahathir Mohamad's remarks about Jews, the foreign minister said yesterday.

Six Argo Lawu cars derailed

Six Argo Lawu cars derailed CIREBON, West Java: Six of 12 passenger cars of an Argo Lawu train on the Surakarta-Jakarta route derailed Thursday afternoon in Cisaat village, about 10 kilometers from Cirebon railway station.There were no casualties in the accident, Antara reported.

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.

Susi Susanti top seeded for Grand Prix Finals

Susi Susanti top seeded for Grand Prix Finals JAKARTA (JP): Indonesia's world number one Susi Susanti is seeded first for the US$380,000 1997 Lipton World Grand Prix Badminton Finals here next month.Susi, aiming to defend her title for a record seventh victory in the event, will have to struggle...

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.

Indonesian Army to upgrade training

Indonesian Army to upgrade trainingBy Lela A. Madjiah BANGKOK (JP): The Indonesian Army has pledged to improve its training on and application of international humanitarian law as part of its commitment to uphold the 1949 Geneva Conventions for the protection of victims of war.Brig. Gen.

'Lutung Kasarung' a show of symbolic significance

'Lutung Kasarung' a show of symbolic significanceBy 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.

Another workshop on South China Sea here

Another workshop on South China Sea here JAKARTA (JP): Indonesia is to host next week the latest round of regional workshop discussing cooperation in the South China Sea, which it sees as a potential flashpoint given the multitude of overlapping territorial claims in the area.

Radio Klasik FM's 2nd birthday

Radio Klasik FM's 2nd birthday JAKARTA (JP): Radio Klasik FM Jakarta held a classical music concert at Erasmus Huis on Jl. H.R. Rasuna Said, South Jakarta, at 8 p.m. Thursday night to celebrate its second birthday.

Minister declares war against illegal levies

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.

Local stocks to recoup next year: Economist

Local stocks to recoup next year: Economist JAKARTA (JP): Local stock markets should recover from their current downturn next year, possibly in the third quarter, but only with foreign investors' help, according to economist Sjahrir.

Illegal minivans to be organized

Illegal minivans to be organized JAKARTA (JP): The City Land Transportation Agency (DLLAJ) has started to organize all minivans operating illegally in Tanjung Priok, North Jakarta, and Pulo Gadung, East Jakarta.The agency's head, J.P.

Fund facts

Fund factsFrom Sinar PagiOn Nov. 24, Sinar Pagi daily reported that at least Rp 100 billion of the sale of SEA Games stickers had evaporated. A provisional calculation has shown that sticker sales by various agencies netted Rp 194,828 billion. The recent SEA Games required funds of Rp 105 billion.

Planes shun Bangkok airport

Planes shun Bangkok airport UTAPAO, Thailand (Reuters): Heavy fog at Bangkok International Airport prevented planes landing and officials had to divert them to this former U.S. airbase, airport sources and witnesses said yesterday.

Unrecognized heroes

Unrecognized heroesFrom Media IndonesiaNov. 25, 1997 is the 52nd anniversary of the teachers' profession. The nation is also 52 years old, a nation which rose from the shackles of colonialism. Slowly but surely, it has been developing and catching up with other neighboring nations which have...

Refinery delay adds to pollution woes

Refinery delay adds to pollution woesBy John Aglionby INDONESIA's urban pollution problems are set to worsen following the postponement of the construction of Pertamina's proposed new oil refinery.The new refinery in Cilacap, Central Java, would have concentrated on producing unleaded gasoline, a...

Navy catches Filipino boats

Navy catches Filipino boats SORONG, Irian Jaya: The Indonesian Navy has caught nine Philippine boats for illegal fishing in eastern Indonesian waters in recent months, a local Navy spokesman told Antara.

C. Jakarta police gets new chief

C. Jakarta police gets new chief JAKARTA (JP): Jakarta Police chief Maj. Gen. Hamami Nata installed former Tangerang Police chief Lt. Col. Iman Haryatna as the new boss of the Central Jakarta precinct on Thursday.Iman replaced Lt. Col. M.

Fire guts laundry building

Fire guts laundry building JAKARTA (JP): A building owned by Laundrette on Jl. Hasyim Ashari, West Jakarta, was gutted by fire yesterday.No fatalities were reported, but all machinery and clothes in the building were destroyed in the fire, which started at 6:15 p.m.

Mercedes escapes A-Class crash with minor damage

Mercedes escapes A-Class crash with minor damageBy John Aglionby MERCEDES-BENZ's reputation in Indonesia as a manufacturer of safe, reliable cars has not been affected by the public relations disaster blighting the company over failure of its new A-class to pass certain safety tests in Europe.

Baby found dead at garbage dump

Baby found dead at garbage dump JAKARTA (JP): A one-day-old baby girl was found dead at a garbage dump in Kampung Pondok Ungu, in Medan Satria district, Bekasi, on Thursday afternoon.The body of the infant was found wrapped in a yellow baby's blanket.

A speedy end to the crisis?

A speedy end to the crisis? Considering the results achieved at the APEC Economic Leaders Meeting (AELM) in Vancouver -- particularly in relation to efforts to surmount the monetary crisis which is at present engulfing several APEC countries, including Indonesia -- there appears to be reason to be...

Court acquits Iwik of journalist's murder

Court acquits Iwik of journalist's murder YOGYAKARTA (JP): Dwi Sumaji alias Iwik, the sole suspect in the highly publicized murder of journalist Fuad Muhammad Syafruddin, was acquitted by the Bantul District Court here Thursday.

Soeharto on 'umrah' in Mecca

Soeharto on 'umrah' in MeccaBy Kornelius Purba JEDDAH, Saudi Arabia (JP): President Soeharto and his family completed Thursday their minor pilgrimage umrah in Mecca, Saudi Arabia.Soeharto, his six children, five sons- and daughters-in-law, 12 grandchildren and one great grandchild, took it in turns...

RP's GNP slows to 6%

RP's GNP slows to 6% MANILA (AFP): The Philippines' gross national product (GNP) grew by 6 percent in the first nine months of 1997, down from 7.3 percent in the same period last year, Economic Planning Secretary Cielito Habito said Friday.

Bigger, stronger banks may emerge after recovery

Bigger, stronger banks may emerge after recoveryBy 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 say.

Economy needs massive reforms, says economists

Economy needs massive reforms, says 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.

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.

City police need more patrol boats

City police need more patrol boats JAKARTA (JP): National Police Chief Gen. Dibyo Widodo has called for more patrol boats and speedboats to help the water police patrol the archipelago.He said Thursday that ideally each of the 27 police headquarters should have five patrol boats and 50 speedboats.

Sudomo, Bokha condemn misuse of insurance funds

Sudomo, Bokha condemn misuse of insurance funds JAKARTA (JP): A senior official and a unionist blasted Thursday the alleged misuse of workers' insurance money to grease the wheels of the House of Representatives into passing the controversial manpower bill.

A victim of bank liquidation

A victim of bank liquidationFrom Pikiran RakyatDepositors with deposits amounting to a maximum of Rp 20 million have in general got their money back.Things are not that simple, however. There are many other customers who still have dealings with the liquidated banks, such as those with house...

Inti Indorayon's acquisition plan approved

Inti Indorayon's acquisition plan approved JAKARTA (JP): Shareholders have approved PT Inti Indorayon Utama's plan to acquire the Kerinci Chemical Assets of PT Riau Andalan Pulp & Paper (RAPP) for US$141.56 million.

RI may outrun KL in palm oil production

RI may outrun KL in palm oil productionBy 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.

RI needs more neurologists

RI needs more neurologists JAKARTA: The nation's population of 200 million needs many more than the 56 neurologists currently qualified to practice, the president of the Association of Indonesian Neurologists said at a seminar here Wednesday.Dr.

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.

Over 100 die of drought-related illnesses in Mimika

Over 100 die of drought-related illnesses in Mimika JAKARTA (JP): More than 100 people from the villages of Alama, Ngim and Mbua Jigi in the Agimuga subdistrict of Irian Jaya's Mimika regency have died of malnutrition and drought-related illnesses since Oct. 11, Antara reported yesterday.

New phone service

New phone service JAKARTA (JP): State-owned PT Telkom, in collaboration with PT Ambhara Perdana, has launched a new telephone service, called TelePIN, which allows users to make calls from any pay-phone by using a personal identification number (PIN).

Shipping firms suspended

Shipping firms suspended JAKARTA (JP): The government has revoked licenses of 14 local shipping companies for not providing annual reports of their activities and neglecting to fly Indonesian flags, an official said.

Indonesian Embassy denies arrest of security officers

Indonesian Embassy denies arrest of security officers JAKARTA (JP): The Indonesian embassy in Vancouver, Canada, has denied that two Indonesian security officers were arrested for breach of the peace outside the Asia Pacific Economic Cooperation leaders meeting on Nov. 25.