Archive: 5 November 1997
57 articles found
Wed, 05 Nov 1997, 00:00 WIB
S'pore hikes levy on foreign workers
S'pore hikes levy on foreign workers SINGAPORE (AFP): Singapore moved yesterday to regulate demand for unskilled foreign workers and domestic helpers by announcing an increase next year in levies paid by employers. Beginning April 1, 1998, the levy for each unskilled foreign worker in the construction sector would be raised to S$470 (US$313) from S$440 each month, the Ministry of Labor said in a statement. The levy for each foreign domestic helper would rise to S$345 from S$330, it said.
Wed, 05 Nov 1997, 00:00 WIB
Declaration drafted on human responsibilities
Declaration drafted on human responsibilities JAKARTA (JP): The InterAction Council, comprising former international political leaders, is to propose a declaration of human responsibilities to the United Nations next year. The declaration -- to be put forward during the 50th anniversary of the Universal Declaration of Human Rights -- seeks to bring freedom and responsibility into balance.
Wed, 05 Nov 1997, 00:00 WIB
Anti-narcotics campaign
Anti-narcotics campaign JAKARTA (JP): The Bersama antidrug non-governmental organization is scheduled to launch an anti-narcotics campaign in Jakarta from Dec. 1 to Dec. 20. Bersama's chairman Putera Astaman reported Monday, after meeting with Governor Sutiyoso, that the campaign is to be called "Safari Remaja Berprestasi" (Safari for Youths of Good Achievement).
Wed, 05 Nov 1997, 00:00 WIB
City to fine Hotel Mulia if second tower erected
City to fine Hotel Mulia if second tower erected JAKARTA (JP): Construction work on the Hotel Mulia Senayan's second tower is likely to be delayed due to the current monetary crisis, a hotel representative said yesterday. Speaking on behalf of the hotel's management, Enggartiasto Lukita, a member of 19th SEA Games consortium, however, did not clarify whether or not the postponement was due to a large fine to be imposed by the city administration should construction begin.
Wed, 05 Nov 1997, 00:00 WIB
Rupiah stabilizes against dollar as stocks lose ground
Rupiah stabilizes against dollar as stocks lose ground JAKARTA (JP): The rupiah continued to stabilize against the U.S. dollar yesterday to close at 3,250/70 in comparison to the opening of 3,200/30 in the morning session after Bank Indonesia, the central bank, stepped in the market several times. "The central bank was seen in the market selling dollars when the rupiah was at 3,210 and 3,240," a chief dealer with a private bank said. The dealer could not confirm the amount of dollars sold.
Wed, 05 Nov 1997, 00:00 WIB
Police await judges' decision on Udin's murder trial
Police await judges' decision on Udin's murder trial JAKARTA (JP): Police have not conceded that the trial of Dwi Sumadji for the murder of Bernas daily journalist Fuad Muhammad Syafrudin is over despite prosecutors dropping their case against him for lack of evidence. "It was only the prosecutors' decision," said National Police Chief Gen. Dibyo Widodo.
Wed, 05 Nov 1997, 00:00 WIB
Local nurses called on to increase level of care
Local nurses called on to increase level of care JAKARTA (JP): Nurses should improve the quality of their care and become more professional in their daily service, a senior nurse said yesterday. Ratna Sitorus Sudarsono, a teacher at the University of Indonesia's school of nursing, said that there were far too many instances of patients becoming victims from the carelessness of nurses. "Our nurses are not properly trained in their education to render professional care," she lamented.
Wed, 05 Nov 1997, 00:00 WIB
Public asked to remain calm over liquidation
Public asked to remain calm over liquidation JAKARTA (JP): Vice President Try Sutrisno called yesterday for the public to remain calm and not to make unfounded comments about the economic situation which could result in unrest. Try warned that people, especially the poor, could be easily agitated by irresponsible rumors.
Wed, 05 Nov 1997, 00:00 WIB
Asian refineries face critical winter season
Asian refineries face critical winter season SINGAPORE (Reuters): Singapore refiners, entering the most critical winter season for years, are braced for more bearish news in the wake of the regional economic crash, analysts and industry sources said. The twin prospects of a mild winter and an economic slowdown in Southeast Asia are expected to result in lower demand for oil products during what is normally the peak demand season, they said.
Wed, 05 Nov 1997, 00:00 WIB
IMF, ADB and WB to support Asian monetary fund
IMF, ADB and WB to support Asian monetary fund MANILA (AFP): International financial institutions have expressed support for a proposed Asian monetary fund to cushion crisis-ridden regional economies, despite earlier reservations, a Philippine official said yesterday. The International Monetary Fund (IMF), the Asian Development Bank (ADB) and the World Bank have expressed support for the regional initiative, Finance Secretary Roberto de Ocampo said.
Wed, 05 Nov 1997, 00:00 WIB
SE Asian currencies gain, baht cheers up
SE Asian currencies gain, baht cheers up SINGAPORE (Reuters): The Thai baht greeted Prime Minister Chavalit Yongchaiyudh's promise to resign with gusto yesterday, bringing cheer to most Southeast Asian currencies. The baht made a strong start after Chavalit's surprise announcement late on Monday, sparking predictions that the rally was overdone and would soon fizzle out.
Wed, 05 Nov 1997, 00:00 WIB
Sumatran tiger numbers decline
Sumatran tiger numbers decline BANDA ACEH, Aceh: The number of Sumatran tigers in Aceh is continuing to sharply decline despite the animal being high on the list of protected species. The head of the Dista Aceh Conservation, Bambang Suprayogi, said the number had dropped from 800 to 500 tigers in Aceh in the last five years. Bambang said the sharp decline was caused primarily by the decrement of the tiger's forest habitat.
Wed, 05 Nov 1997, 00:00 WIB
Governor to start slum modernization
Governor to start slum modernization JAKARTA (JP): Governor Sutiyoso is scheduled to launch a slum modernization program with a visit to the Ciliwung riverbanks in East Jakarta on Friday, an official said. "The areas to be visited include Cawang, Bidara Cina, Kampung Melayu and Kampung Manggis which are prone to flooding in the rainy season," East Jakarta Mayor Sudarsono said at City Hall on Monday.
Wed, 05 Nov 1997, 00:00 WIB
Filipino aims to play in NBA
Filipino aims to play in NBA MANILA (AFP): Filipino point guard Johnny Abarrientos hopes to become the first Asian to play in the National Basketball Association (NBA) after impressing a scout for the Charlotte Hornets, a newspaper reported yesterday. Abarrientos, 1.70m tall, met with Joe Betancourt, foreign consultant and scout of the Charlotte Hornets, last week who said he was "impressed" with the tiny point guard.
Wed, 05 Nov 1997, 00:00 WIB
Indonesian financial crisis
Indonesian financial crisis The overload of opinions, comment and criticisms from sources both inside and outside Indonesia concerning the uncontrolled nosedive of the rupiah, can be summarized simply and considered logically rather than emotionally. Whether or not the "fundamentals" of the Indonesian economy remain sound or not, does not impact on the situation or any solution. As has been stated many times, this is a crisis of "confidence" and such crisis occur regularly all over the world.
Wed, 05 Nov 1997, 00:00 WIB
Hyundai plans manpower cuts
Hyundai plans manpower cuts SEOUL (AFP): South Korea's largest auto manufacturer, Hyundai Motor Co., plans to reduce its labor force by 5,000 workers by the year 2000, press reports said yesterday. The cuts, designed to trim the company payroll from 45,000 to 40,000, will be made across the board, affecting production line workers, clerical positions and managerial staff, Yonhap News Agency said. Special projects teams would also be trimmed, it said.
Wed, 05 Nov 1997, 00:00 WIB
G-15 turns balancing act on crisis
G-15 turns balancing act on crisis By Nelson Graves KUALA LUMPUR (Reuters): The Group of 15 (G-15) developing countries has executed a diplomatic balancing act with a statement that weighs deep concern over financial instability with a reluctance to write rules that could hamstring markets.
Wed, 05 Nov 1997, 00:00 WIB
Woman killed by train
Woman killed by train JAKARTA (JP): A 30-year-old housewife was killed yesterday in East Jakarta when she was hit by a train plying the Jatinegara- Bekasi route, her husband said. Endang Abidin said that his wife, Esih, had not apparently noticed the oncoming train as she climbed through a broken fence and crossed the railway tracks on Jl. Kayu Manis I at 9 a.m. He said nobody heard her cry out or scream, but they found her mutilated body after the train had passed.
Wed, 05 Nov 1997, 00:00 WIB
The Netherlands to help city mature
The Netherlands to help city mature JAKARTA (JP): The Netherlands Ministry of Housing, City Planning and the Environment and the Jakarta administration are to launch a joint program to enhance Jakarta's development, an official said yesterday. "We have talked to Indonesia's minister of environment and the minister of public works, as well as the municipality, to discuss the city's development.
Wed, 05 Nov 1997, 00:00 WIB
Maan's lucky 67 comes up trumps again, in Batam
Maan's lucky 67 comes up trumps again, in Batam BATAM, Riau (JP): Maan Naasim from Sawangan Golf Club in southern Jakarta took a two-shot opening-round lead in the US$50,000 Tering Bay Open Golf Championship with a 5-under 67 (34 33) here yesterday. Sixty-seven seems to be a lucky number for the 37-year-old Maan, who last week carded an identical 67 in the first round of the Matoa Nasional Open in Jakarta, which he went on to win with a total score of 279.
Wed, 05 Nov 1997, 00:00 WIB
Chicken pox hits Central Java
Chicken pox hits Central Java SEMARANG, Central Java: An outbreak of chicken pox has infected hundreds of children and teenagers in two districts, Bulu and Parakan, in Temanggung regency. The head of the local health ministry's office, M. Said Makudi, said yesterday there were no exact records but admitted that it was affecting a wide region. "We do not have a figure yet because we are still investigating the cause of the outbreak in the area," he said.
Wed, 05 Nov 1997, 00:00 WIB
'RI first to escape from crisis'
'RI first to escape from crisis' JAKARTA (JP): Indonesia is set to escape the regional currency crisis first due to the massive bailout package sponsored by the International Monetary Fund (IMF), according to a Morgan Stanley senior economist. Timothy J. Condon, vice president of Hong Kong-based Morgan Stanley Asia Ltd., said the IMF program would support the currency and prevent further uncontrolled depreciation of the rupiah.
Wed, 05 Nov 1997, 00:00 WIB
KONI told to hurry its Games budget
KONI told to hurry its Games budget JAKARTA (JP): State Minister of Youth Affairs and Sports Hayono Isman urged the National Sports Council yesterday to report on its preparations for the 13th Asian Games in Bangkok as soon as possible. "If the council reports its preparations soon, we can try to include the finance in the 1998/1999 State Budget.
Wed, 05 Nov 1997, 00:00 WIB
Australia sends large mission to mining expo
Australia sends large mission to mining expo JAKARTA (JP): More than 100 Australian companies will take part in the Indonesian Mining '97 exhibition at the Kemayoran Fairgrounds, Central Jakarta, making the country the largest foreign participant at the exhibition.
Wed, 05 Nov 1997, 00:00 WIB
Central banks' action eases Indonesian crisis
Central banks' action eases Indonesian crisis TOKYO (Reuters): Concerted intervention by Asian monetary authorities may help ease currency jitters in Indonesia but problems such as its external debt remain to be cleared up in the longer term, Asian currency dealers say. The intervention may be effective, though, in preventing the crisis in Indonesia from spreading to other places such as Taiwan, Hong Kong and the United States, they said.
Wed, 05 Nov 1997, 00:00 WIB
Ansett offers discounts
Ansett offers discounts JAKARTA (JP): Ansett Australia airline is offering a special fare of US$350 for travelers for a round trip from Jakarta to Sydney and US$550 to New Zealand and back flying Ansett and Air New Zealand for the whole of November. The special fares must be booked this month and the travel must take place in November 1997, the company's statement said. It said Ansett would also include a ticket to Brisbane and Melbourne, both in Australia, for an extra US$100.
Wed, 05 Nov 1997, 00:00 WIB
China concerned by SE Asian chaos
China concerned by SE Asian chaos BEIJING (Reuters): China is concerned about Southeast Asia's financial crisis but thinks it is temporary, a foreign ministry spokesman said yesterday. But the spokesman, Tang Guoqiang, declined to say whether China would provide financial support to Indonesia. "We are concerned about the financial crisis in Southeast Asia, but we think the difficulty facing Southeast Asia is temporary," he told a regular news briefing.
Wed, 05 Nov 1997, 00:00 WIB
Clean water almost depleted
Clean water almost depleted BALIKPAPAN, Central Kalimantan: The long drought has almost depleted the local state-owned water company's supply at Manggar Dam and residents here could be out of clean water within 20 days. The head of the company, Djamaluddin said yesterday that the water production capacity had been dropping since the beginning of October. Antara quoted him as saying that Balikpapan residents would likely find it difficult to obtain clean water unless rain begins to fall.
Wed, 05 Nov 1997, 00:00 WIB
Museums open joint exhibition
Museums open joint exhibition YOGYAKARTA: The director general of culture of the Ministry of Education and Culture, Edi Sedyawati, officially opened a joint exhibition of 25 local museums at the Benteng Museum of Yogyakarta yesterday. "I hope such a joint-exhibition will help unite the museums' visions and steps in improving their activities, especially in giving information to the public," Sedyawati said in her speech.
Wed, 05 Nov 1997, 00:00 WIB
Conference on finance
Conference on finance JAKARTA (JP): Kuala Lumpur will host between Dec. 1 and Dec. 3 nine Ministers of Finance and other senior Association of Southeast Asian Nations (ASEAN) officials at the 30th anniversary ASEAN Conference on Finance. The conference, organized by the ASEAN Business Forum and the ASEAN Secretariat, will focus on "ASEAN Financial Initiatives for the 21st Century". The event is claimed to be the highest-level ever on finance in the region.
Wed, 05 Nov 1997, 00:00 WIB
FAI buys Indonesian firm
FAI buys Indonesian firm SYDNEY (Reuters): FAI Insurances Ltd said yesterday it expected to announce a joint venture with an Indonesian insurer in coming weeks as part of its Asian growth strategy. FAI has said earlier it has been reviewing three acquisitions, to be funded from internal funds. "We will probably announce one, the Indonesian one in the next few weeks," chief executive Larry Adler told reporters after the annual meeting.
Wed, 05 Nov 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 4, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 850 -25 30,000 AHAP Insurance 2,500 0 0 Alter Abadi 500 -25 60,000 Alumindo Light Metal 525 0 904,500 Alumindo Perkasa 300 0 1,000 Aneka Kimia Raya 750 0 897,500 Anwar Sierad 675 -50 659,500 Apac Centertex Corp.
Wed, 05 Nov 1997, 00:00 WIB
25 die in bus-train crash
25 die in bus-train crash JAKARTA (JP): At least 25 people died and many others were seriously injured when a fully loaded inter-island bus collided with a speeding train yesterday in Kota Bumi, Lampung Utara regency in Lampung. Antara quoted an unnamed official in the Kota Bumi chapter of the Jasa Raharja state-owned insurance company as saying that the crash involved a Fajar train heading from Bandar Lampung to the South Sumatra capital Palembang and a Sri Ayu bus.
Wed, 05 Nov 1997, 00:00 WIB
G-15 leaders retreat to Malaysian resort
G-15 leaders retreat to Malaysian resort MALACCA, Malaysia (Reuters): Leaders of the Group of 15 (G-15) developing nations drove yesterday to a Malaysian beach resort to debate the bloc's future on the second day of a three-day summit. Dancers in colorful traditional Malay dress greeted the leaders after they arrived by road from the capital Kuala Lumpur, 150 km to the northwest.
Wed, 05 Nov 1997, 00:00 WIB
Meteorology agency proposed to be made independent body
Meteorology agency proposed to be made independent body JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja is suggesting that the national Meteorology and Geophysics Agency (BMG) be made an independent body, citing the agency's important role in the future. Speaking in a public discussion on The El-Nio Phenomenon, Greenhouse Effect and Climate Change, Sarwono said here yesterday that the changes in the world's climate has now become more difficult to predict.
Wed, 05 Nov 1997, 00:00 WIB
Time to end indigenous-nonindigenous strains
Time to end indigenous-nonindigenous strains Sofjan Wanandi does not believe laws which discriminate any group would be effective in reducing tension between indigenous and nonindigenous people. The spokesman of the Jimbaran Group of tycoons and chairman of the Gemala Group advocates economic integration and clear governmental policy to bridge differences. Question: Do you think we need legislation barring Chinese descents from some business sectors? Answer: No.
Wed, 05 Nov 1997, 00:00 WIB
Bambang sees political move behind liquidation
Bambang sees political move behind liquidation JAKARTA (JP): Bambang Trihatmodjo, a major share holder of the liquidated Bank Andromeda, suggested that the recent closure of the 16 banks may be a political move to discredit the first family. Bambang, President Soeharto's second son, told journalists during a break of a People's Consultative Assembly session, that he came to such a conclusion after learning that several of the banks were linked with members of the President's family.
Wed, 05 Nov 1997, 00:00 WIB
Farmers let chickens die
Farmers let chickens die MEDAN, North Sumatra: Farmers here let thousands of their chickens die of starvation following the fall of poultry and other livestock prices, Antara reported yesterday. The farmers, associated in a group called Hipapsu (Association of North Sumatra's Meat Chicken Farmers), in a meeting with the provincial legislature accused a large livestock company, PT NUJ, of manipulating prices.
Wed, 05 Nov 1997, 00:00 WIB
Smog unhealthy in KL, S'pore
Smog unhealthy in KL, S'pore KUALA LUMPUR (Reuters): The smoky haze blanketing parts of Southeast Asia returned to unhealthy levels yesterday in the Malaysian capital Kuala Lumpur after a week-long respite, the Department of Environment said. The smog, caused by forest and brush fires in Indonesia, reached 101 -- classified as "unhealthy" -- on Malaysia's Air Pollutant Index at 10 a.m. Jakarta time against a "normal" level of 44 Monday, the Department of Environment said.
Wed, 05 Nov 1997, 00:00 WIB
To save justice
To save justice Noted jurists, human rights activists and the general public alike united on Monday to express their joy after public prosecutors in Bantul, Yogyakarta province, bravely demonstrated their determination to defend justice. The prosecutors, in a rare show of courage, dropped the case against an innocent citizen accused of murdering a journalist last year.
Wed, 05 Nov 1997, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Photo Exhibition: Kesaksian Abadi by Hilmar Pabel, at Galeri Foto Jurnalistik Antara, Jl. Antara No. 59 Pasar Baru, Central Jakarta, daily except Monday, 11:30 a.m. to 7:30 p.m., until Nov. 11. * Batik Exhibition, by Maartri Djorghi, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No. 24A South Jakarta, 11:30 a.m. to 12 p.m., until Nov. 8.
Wed, 05 Nov 1997, 00:00 WIB
Police, Army raids to rid Tanah Abang of market thugs
Police, Army raids to rid Tanah Abang of market thugs JAKARTA (JP): The Central Jakarta military district commander, Lt. Col. Moeldoko, has followed Mayor Andi Subur Abdullah's pledge to stage massive raids in the crowded Tanah Abang market area to get rid of hoodlums. Unlike Andi, Moeldoko refused to publicize the time and date of the raids, which would involve local personnel from the military, police and public order office.
Wed, 05 Nov 1997, 00:00 WIB
Meekatharra enters RI
Meekatharra enters RI MELBOURNE (Reuters): Meekatharra Minerals Ltd said on Tuesday its subsidiary MM Gold Pty Ltd and joint venture partner Teck Corp signed option agreements to acquire a majority interest in two contracts of work in Indonesia's "Trans Borneo Gold Belt." The agreements were reached with South Pacific Resources Corp, which holds 85 percent of the Masao and 90 percent of the Mirih gold exploration projects, located in Kalimantan.
Wed, 05 Nov 1997, 00:00 WIB
TV today
TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Big Brother Jake 3:10 Indonesian Childrens 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Road to Avonlea 5:55 Music 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 6:53 Music 7:00 Evening News 7:35 Entrepreneurship Program: Mitra Kita 8:05 TV Drama: Bila Musim Panen Tiba 8:30 Technology Program 9:00 World News 9:30 Special...
Wed, 05 Nov 1997, 00:00 WIB
Econit predicts economic recovery to take a year
Econit predicts economic recovery to take a year JAKARTA (JP): The Econit Advisory Group estimates that Indonesia's crisis-plagued economy will take at least a year to recover despite the IMF-led bailout package. Econit's director Rizal Ramli said here yesterday that new reforms initiated by the government as part of the aid package would cause a "monetary and fiscal contraction".
Wed, 05 Nov 1997, 00:00 WIB
PPP calls for greater House control in budget
PPP calls for greater House control in budget JAKARTA (JP): The United Development Party (PPP) suggested yesterday that the People's Consultative Assembly (MPR) empower the House of Representatives to control state expenditures.
Wed, 05 Nov 1997, 00:00 WIB
Flash floods kill two
Flash floods kill two MEDAN, North Sumatra: Two people drowned and another was still missing when flash floods hit four residential areas in the Binjai mayoralty early yesterday morning. The flood was brought on by a sudden overflow in the Bingei river affecting the Bumi Berngam Baru settlement, Tavip market, Binjai village and Mencirim sub-district. The strong currents drowned Sujiani, 35, and Ramadani, 3. Sujiani's daughter, Ditayuni, was also swept away by the flood and has not been found.
Wed, 05 Nov 1997, 00:00 WIB
Trader finds body of minivan worker
Trader finds body of minivan worker JAKARTA (JP): An assistant to a minivan driver was found dead with severe head wounds at Tebet market in South Jakarta early yesterday. The victim, identified as Jhoni Situmorang, 25, was believed to have been killed from blunt weapons, said Chief Sergeant Yoseph of the Tebet Police Sub Precinct. "However, the case is still being investigated," he said. Jhoni's body was found at 4:30 a.m. laying on the edge of a street in the market by a trader.
Wed, 05 Nov 1997, 00:00 WIB
In search of tranquility, intimacy at Kafe Galeri
In search of tranquility, intimacy at Kafe Galeri Starting with its self-explanatory name, Kafe Galeri is an unusual cafe, offering a touch of culture to the R&R concept that, alas, hasn't yet become a norm here. For a while, it remained staunchly an art gallery and a cafe, until recent refurbishment brought an additional furniture showroom and a diminutive book corner selling selected art books.
Wed, 05 Nov 1997, 00:00 WIB
Marks and Spencer targets Asia in global expansion
Marks and Spencer targets Asia in global expansion LONDON (AFP): The British retail giant, Marks and Spencer, is to launch an aggressive push in Asia as part of an ambitious global expansion plan costing 2.1 billion pounds (US$3.53 billion) which was unveiled yesterday.
Wed, 05 Nov 1997, 00:00 WIB
Spotlight
Spotlight Photo A: Visit Sheraton Bandara ROYAL VISIT: Philip Riley, general manager of the Sheraton Bandara Hotel, (right) escorts Her Royal Highness Rahma El Hassan of Jordan. She paid an unofficial visit here last week before departing for Singapore. Photo B: Titiek JP/msa MOTHER LOVE: Popular composer and singer Titiek Puspa (third from left) listens to singer Neno Warisman (holding microphone) as she recites the poem Mother.
Wed, 05 Nov 1997, 00:00 WIB
Koja residents get water donation
Koja residents get water donation JAKARTA (JP): The residents Koja district in North Jakarta have been given 10 tankers of water from the Krida Wanita Swadiri Indonesia organization. The donation was handed over Monday by Tatty Oetojo Oesman of the organization to the Koja district head, Jurthoni. Tatty said the water was intended mainly for the thousands of people who depended on water vendors. "The donation is for those who really need water," she said.
Wed, 05 Nov 1997, 00:00 WIB
Bumi Modern to raise Rp 297b from right issue
Bumi Modern to raise Rp 297b from right issue JAKARTA (JP): Publicly listed PT Bumi Modern, which manages the five-star Hyatt Regency hotel in Surabaya, East Java, will issue one-for-three right shares in December this year to strengthen its operation. The company's president Sri Hoedojo Sontokusumo said yesterday that the bank expected to raise around Rp 297 billion (US$92.8 million) from the rights issue.
Wed, 05 Nov 1997, 00:00 WIB
'Linda' kills 130, leaves hundreds missing in Vietnam
'Linda' kills 130, leaves hundreds missing in Vietnam HANOI (Reuters): At least 130 people were killed and hundreds of fishermen missing after a typhoon lashed Vietnam's southern coast, provincial officials said yesterday. Thousands were left homeless by Typhoon Linda, with the Vietnamese provinces of Ca Mau, Kien Giang and Ben Tre the hardest hit.
Wed, 05 Nov 1997, 00:00 WIB
Bank Jakarta defies govt's closure order
Bank Jakarta defies govt's closure order JAKARTA (JP): Probosutedjo, half-brother of President Soeharto and owner of Bank Jakarta, kept his bank open yesterday, ignoring the government's closure order. The bank said yesterday it had begun to repay customers up to Rp 2 million from ordinary savings accounts and up to Rp 5 million from checking accounts.
Wed, 05 Nov 1997, 00:00 WIB
Kaltim Prima Coal plans to list shares on JSX
Kaltim Prima Coal plans to list shares on JSX JAKARTA (JP): PT Kaltim Prima Coal (KPC) coal mining company announced yesterday it would float part of its shares on the Jakarta Stock Exchange next year. Company vice president S. Hadiprayitno said in a statement that the planned float was in line with the company's coal agreement with the Ministry of Mines and Energy.
Wed, 05 Nov 1997, 00:00 WIB
APEC to agree on currency stability
APEC to agree on currency stability TOKYO (AFP): An APEC leaders' declaration, to be adopted at an upcoming meeting in Canada, is likely to include an agreement to work for stable Asian currencies, a report said yesterday. Leaders of the Asia-Pacific Economic Cooperation (APEC) forum would do so in a bid to clarify their willingness to cooperate for market stability, Jiji Press said.