Indonesian Political, Business & Finance News

Archive: 7 November 1997

67 articles found

Utut's Karpov clash his time to shine

Utut's Karpov clash his time to shine JAKARTA (JP): Indonesian Grandmaster Utut Adianto will be given the best opportunity ever to show his true talent when he meets GM Antoly Karpov in a six-round duel match at Hotel Indonesia from Nov. 21 to Nov. 25. Dubbed the "Clash of the Titans", each round will consist of three games; blindfold chess, regular chess and rapid chess. The winner of the four-day match, sponsored by Tamara Group, will receive US$30,000 while the loser will receive $20,000.

Striking employees' pay raised

Striking employees' pay raised JAKARTA (JP): The president of the state-owned ship building company PT. PAL Indonesia, B.J. Habibie, finally gave in to striking workers and announced salary increases for 4,000 employees of the Surabaya-based company. Employees at the dockyard in Surabaya have been on strike since Oct. 30.

Assembly likely to drop internal rule review

Assembly likely to drop internal rule review JAKARTA (JP): The People's Consultative Assembly (MPR) looked almost certain yesterday to dismiss a proposal to change its internal rules, pending overnight deliberation in each of its five factions. The rules apply, among other things, to the members' rights and obligations, the size of membership, members' immunity from prosecution and meeting procedures.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: Breakaway 1995 by Maud Van Der Lely, Vajaraporn Sukanich, Miryung Muir, Jeannette Bijlmer, at KOI Gallery Restaurant, Jl. Mahakam I/2, Souty Jakarta, daily, 11 a.m. to 11 p.m., until Nov. 16. * 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.

Southeast Asian economies face a mess in 1998

Southeast Asian economies face a mess in 1998 SINGAPORE (AFP): Ailing Southeast Asian economies face a further deceleration in 1998, and a recovery will depend on swift official action on much-needed reform, investment house SocGen- Crosby warned yesterday. "The massive exchange and interest rate shocks will lower growth, and in every case, growth this year will be lower than last year and the outlook for 1998 is of a further deceleration," it said.

Hotel Mulia project to go ahead

Hotel Mulia project to go ahead JAKARTA (JP): The municipality has no objection to the construction of Hotel Mulia Senayan's controversial second tower even though it is located in a green area, in Central Jakarta, an official said yesterday. The head of the city's planning agency, Ahmaddin Ahmad, said there is no problem with the proposed location of the hotel's 56- story apartment project.

Where to go in Bali:

Where to go in Bali: Music and entertainment * Bali Inter. Continental Resort, Jimbaran: - Singaraja Restaurant: Mini Balinese Jegog, daily, 6:30 p.m. to 10 p.m. - Saraswati Lounge: Balinese Cultural Dances, daily except Thursday and Sunday. - Padi Prada Lounge: Jazz music by Milestone Dua, daily (except Monday), 8 p.m. to 12 p.m. - Taman Gita Terrace: Kecak dance, on Thursday. Barong dance, Sunday. - Monkey Forest Fun Pub: Karaoke and disco, daily 9 p.m. to 2 a.m.

KONI to set up special team for Asiad training

KONI to set up special team for Asiad training JAKARTA (JP): The National Sports Council is to set up a special team to decide which sports will start training in order to represent Indonesia at the 13th Asian Games in Bangkok in December 1998. Indonesia's 19th SEA Games contingent leader, Togi M. Hutagaol, told a press conference yesterday that the council's vice chairman, Arie Sudewo, would be in charge of the team.

Are we ready for discipline?

Are we ready for discipline? From Pos Kota The movement calling for nationwide disciplined behavior was heralded again recently. Even President Soeharto called on members of the National Discipline Movement to give the rest of the nation examples of discipline in action. Members of the movement have been active in the streets educating the community on everyday discipline. They cleaned up the rubbish from the sewers along the streets in market areas on a day they called "Clean Friday".

Migrant workers and execution

Migrant workers and execution From Sinar Pagi On Oct. 24, at about 6.30 a.m. local time, ANteve interviewed two Indonesian migrant workers who had just arrived from Saudi Arabia. One of them was called Evi, but I can't remember the other's name. They had been called home at the government's cost because they had problems with their work permits. She disclosed some interesting things, about which, unfortunately, the ANteve interviewer did not care to find out more. These are as follows: 1.

Consultation matters

Consultation matters The government should be commended for its handling of the economic crisis. It has literally bent over backwards in trying to fix the crisis, negotiating with the International Monetary Fund, securing nearly US$40 billion in aid, intervening in the currency market, working out a new deregulation package, closing a number of insolvent banks, and bailing out small depositors and helping out displaced bank employees.

Firm to be closed for polluting river

Firm to be closed for polluting river TANGERANG (JP): After issuing innumerable unheeded warnings the local administration is to close PT Harlipan Batik, a private firm specializing in dyeing batik cloth, on Jl. Pasar Kemis in Jatiuwung. Mochammad Harun, head of a special team on environmental pollution prevention, said after a surprise inspection of the factory yesterday that the firm had thrown its heavily polluted wastewater into the nearby river for four years.

Surjadi decides to leave badminton association

Surjadi decides to leave badminton association JAKARTA (JP): The chairman of the Badminton Association of Indonesia, Surjadi, has decided it is time to quit. He said yesterday he would not be standing for re-election at the national congress here later this month. Surjadi, who has been chairman since 1993, told reporters that he might not be able to face the challenge in the next five years. "The job really consumes my energy and thinking.

Bitung, Bojonegoro, Kabil to be main ports

Bitung, Bojonegoro, Kabil to be main ports JAKARTA (JP): Minister of Transportation Haryanto Dhanutirto said yesterday that Kabil Port on Batam Island, Bojonegara Port in Banten, West Java, and Bitung Port in North Sulawesi would become the country's main ports. Haryanto said the three locations not only had a more strategic location and deeper water than other alternatives but also better economic prospects.

Intervention props up rupiah

Intervention props up rupiah SINGAPORE (Agencies): The Japanese and Indonesian central banks and the Monetary Authority of Singapore (MAS) intervened in the foreign exchange market yesterday for the second time in four days to shore up the Indonesian rupiah, an MAS spokesman said. Dealers said the three authorities soaked up the U.S. dollar at the 3,330 rupiah level. The rupiah ended Asian trading at 3,285 to the greenback.

U.S. supports Indonesia's economic reforms

U.S. supports Indonesia's economic reforms JAKARTA (JP): The United States reaffirmed yesterday its commitment to help Indonesia through its economic crisis and hailed the steps the government had already taken, saying that while they may cause some domestic woe they would help speed up the economic recovery. U.S.

Twelve die of haze-related infections

Twelve die of haze-related infections JAKARTA (JP): At least 12 elderly people have died in Jambi reportedly of respiratory infections blamed on the thick haze that has been enveloping the province over the past several months. M. Sayoeti, a member of a group of activists working to alleviate the impacts of the haze, was quoted by Antara as saying in Jambi yesterday that information about the fatalities was gathered from village health clinics in six regencies.

City to issue new guidelines on Kemang

City to issue new guidelines on Kemang JAKARTA (JP): The municipality is to issue urban design guidelines allowing parts of the residential Kemang district in South Jakarta for commercial uses such as restaurants and cafes. "The city's plan to change Kemang's status is necessary because of the capital's rapid development," the head of the city planning agency, Ahmaddin Achmad, said yesterday.

Aceh deer in sharp decline

Aceh deer in sharp decline BANDA ACEH, Aceh: The number of Sumatran Sambar deer (Cervus Unicolor) in Aceh has sharply dropped to just a few hundred as poachers continue hunting the animals to meet rising demands for its meat. The head of Dista Aceh Conservation, Bambang Suprayogi, said Wednesday that despite the animal being protected, the number of deer had dropped from 600 to 200 in the last few years.

Where to go in Surabaya:

Where to go in Surabaya: Music and Entertainment * Novotel Surabaya Hotel & Suites, Jl. Ngagel 173-175: - Dahana Lounge Bar: Happy Hour at 5:30 p.m. to 7:30 p.m., Los Javados Acoustic music. - Puri Pool Bar: Happy Hour at 5:30 p.m. to 7:30 p.m. - Janggala Restaurant: French theme night, on Monday evening. Italian theme night, Wednesday evening. Indonesia theme night, Friday evening. International theme night on Sunday, Tuesday and Thursday evening.

Poles seek to do business in Indonesia

Poles seek to do business in Indonesia JAKARTA (JP): Eight mining and electric companies from Poland are seeking business opportunities in Indonesia's growing infrastructure sector. Promotional manager of the Polish Chamber of Commerce Kararzyna Kaniewska said yesterday the companies offered high- tech equipment and consultancy for mining and power projects. "Poland is well-known for its mining industry, especially coal mining," she said.

Banks asked to take over loans

Banks asked to take over loans JAKARTA (JP): State Minister of Public Housing Akbar Tandjung called on sound banks yesterday to take over housing loans extended by dissolved banks. Akbar said liquidation teams should help transfer housing loans from the dissolved banks to other banks, especially banks specializing in housing loans, to calm consumers. "I ask liquidation teams to take notice of those who have committed to buying houses or who have even paid down payments," Akbar said.

Confiscated drugs destroyed in Bali

Confiscated drugs destroyed in Bali DENPASAR, Bali: The prosecutors office in Bali destroyed yesterday 118 grams of heroin, 11 grams of hashish and 10,600 Ecstasy pills confiscated in various drug raids in the past few months. The head of the prosecutors office, Made Suwinda, symbolically lit a bonfire to burn the contraband substances in a ceremony witnessed by provincial and military officials.

Santos Ltd to develop Kakatua oil field

Santos Ltd to develop Kakatua oil field ADELAIDE (Reuters): Oil and gas producer Santos Ltd said yesterday approval had been granted to develop the Kakatua North oil field in ZOCA 91-12 by the Australia-Indonesia Joint Authority for the Timor Gap Zone of Cooperation. Santos said in a statement the field, about 500 km north-west of Darwin, was located about 12 km west of the Elang oil field in 94 metres of water and had gross proven and probable reserves of 12.2 million barrels of oil.

Intel begins road show

Intel begins road show JAKARTA (JP): Intel, one of the world's major microprocessor manufacturers, launched its 11th stop Pentium II processor "Platform Day" road show in Indonesia yesterday. The road show is part of Intel's integrated marketing drive to promote the launching of its Pentium II processor. It features an advanced platform and software application designed to demonstrate the benefit of Pentium II processor-based systems.

GRI's sales rise 20%

GRI's sales rise 20% JAKARTA (JP): PT Great River International (GRI), a garment producer, announced yesterday that its sales rose 20 percent to Rp 212.9 billion (US$64.5 million) in the first three quarters of this year over the same period last year. The company said the sales increase was due to the increase of its exports to other ASEAN countries and from its local sales of lingerie, T-shirts, casual wear, children clothes and jeans.

Proficiency in English

Proficiency in English For the average Indonesian today, learning and understanding the English language will never bring him or her to the proficiency achieved by many pre-war Indonesians who experienced the Dutch educational system in the Dutch language. The lack of experience during childhood in conversing with English speaking people is the main reason that proficiency (and fluency) cannot be attained. I read an article in The Jakarta Post (Nov. 4) entitled New government economic policy.

Millions in batik sales

Millions in batik sales YOGYAKARTA: A four-day batik exhibition, held in conjunction with the International Batik Conference, proved to be a venue for lucrative business transactions. The exhibition coordinator, Ardiyanto Pranata, said yesterday batik sales during the conference and exhibition totaled at least Rp 3.82 billion (US$1.08 million). The exhibition was not only attended by local batik designers and producers, but also by 12 foreign designers.

Purging city streets of jockeys 'not easy'

Purging city streets of jockeys 'not easy' JAKARTA (JP): The municipality is having a difficult time getting rid of jockeys -- people who offer themselves as passengers to motorists trying to beat the three-in-one traffic system -- an official said yesterday. "It's difficult to wipe out their conduct because most have moved to the smaller streets. They are now present in at least 32 places throughout the city," Toha Reno, head of a public order office subdivision, said.

Maan extends lead to 7 shots at Tering Bay Open

Maan extends lead to 7 shots at Tering Bay Open BATAM ISLAND, Riau (JP): Maan Naasim, boosted by his victory at the Matoa Open last week which ended his two-year title drought, extended his lead to seven shots at the US$50,000 Tering Bay Golf Championship here yesterday with a three-under-par 69.

Alleged hoodlums caught selling 'protection stickers'

Alleged hoodlums caught selling 'protection stickers' JAKARTA (JP): Police have apprehended 16 alleged hoodlums from Tanah Abang -- including two teenagers and a woman -- for allegedly coercing minivan drivers to purchase protection "stickers", city police chief Maj. Gen. Hamami Nata said yesterday. Three of the suspects were arrested Tuesday night and the remaining 13 Wednesday night, Hamami said after installing the new chief of East Jakarta Police precinct.

Sjafrie installs FKPPI leaders

Sjafrie installs FKPPI leaders JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sjafrie Sjamsoeddin has installed board members for the nine branches of the Communication Forum of Indonesian Veterans' Children (FKPPI) in Jakarta, Bekasi and Tangerang. Sjafrie urged the FKPPI members to help ensure the success of next year's general meeting of the People's Consultative Assembly.

Hopelessness can be dangerous

Hopelessness can be dangerous As a kid of five years old I stayed with a retired district chief (Asisten Wedana), because my parents lived in a remote village where even water mains and electricity were non-existent. My father, who had put his mind to giving his children the best available education, put my brother and me at his close friend's house in the city of East Java, so that we could enter a Dutch school.

Man bashed to death at airport

Man bashed to death at airport TANGERANG (JP): An employee of a courier firm was allegedly bashed to death by a group of men in the cargo compound of Soekarno-Hatta International Airport on Wednesday, police said. The chief of the airport's police subprecinct, Capt. Silitonga, said the victim's ribs were broken and bruises covered some parts of his body.

Indomobil now public firm by backdoor listing

Indomobil now public firm by backdoor listing JAKARTA (JP): The giant Salim Group's automotive arm Indomobil was transformed into a publicly listed company through a backdoor listing yesterday. The group initiated the listing by merging PT Indomobil Investment Corporation with its publicly listed PT Indomulti Inti Industri. The merger pooled equity of the two firms with Indomulti being the surviving company. Shareholders of both companies approved the merger yesterday.

Three of Bakrie Group's banks to merge

Three of Bakrie Group's banks to merge JAKARTA (JP): The chairman of the Bakrie Group, Aburizal Bakrie, said yesterday the group's banks, Bank Nasional, Bank Perniagaan and Bank Tabungan Pensiunan Nasional, would merge in efforts to strengthen their capital and operations. Aburizal said the merge would support the government's program to restore the banking sector to a stronger footing. But he did not say when the merger would take place.

Man found dead in a Bekasi ditch

Man found dead in a Bekasi ditch JAKARTA (JP): A man was found dead in a ditch yesterday at the Prima Harapan housing complex, North Bekasi, a police officer said. A housemaid disposing of garbage noticed the body, Chief Sgt. Suhardiman said. The identity of the victim was not known but the body had been sent to the Cipto Mangunkusumo General Hospital's morgue. He said the man, aged in his 30s, may have been murdered judging from the severe wounds he suffered.

TNT changes schedule

TNT changes schedule JAKARTA (JP): TNT Express Worldwide has changed its schedule to shorter transits on 30 routes within Asia. Garry Kirkman, senior technical advisor of PT Skypak International, speaking on behalf of the regional director of TNT Express Worldwide, said that in conjunction with the schedule change, TNT would launch a service that would provide a guaranteed time-specific, next-day delivery of documents to over 270 cities within the Asia-Pacific region.

Thailand sees negative economic growth in 1997

Thailand sees negative economic growth in 1997 BANGKOK (Reuters): Thailand's gross domestic product is expected to shrink 1.0-1.5 percent in 1997, the head of the finance ministry's fiscal policy office said on Thursday. Sommai Phasee, director-general of the fiscal policy office, told reporters the contraction forecast was caused by a slowdown in the economy and massive cuts in spending in the 1997/98 (October-September) budget.

Cement factory awaits decision

Cement factory awaits decision MEDAN, North Sumatra: The Indonesian Forum for Environment (WALHI) has denied rumors that the government has given its approval for the construction of a cement factory inside the Gunung Leuser National Park. Chairman of North Sumatra's WALHI, Efendi Panjaitan, said the Environmental Impact Management Assessment (BAPEDAL) has informed him that the agency has not made any decision about the application to construct the cement plant in the national park.

Wrangling Thai parties announce rival govts

Wrangling Thai parties announce rival govts BANGKOK (Agencies): Thailand's squabbling political parties announced they were forming two rival governments yesterday to replace the outgoing administration of Chavalit Yongchaiyudh. The rival groups made their announcements within minutes of each other at press conferences broadcast live on television. Each group is led by a former premier. The first coalition of five parties will be headed by ex- premier Chatichai Choonhavan.

Three foreigners held for 1.7 kg heroin haul

Three foreigners held for 1.7 kg heroin haul JAKARTA (JP): Three foreigners have been arrested for alleged involvement in smuggling 1.7 kilograms of high-grade heroin into the country from Thailand, a senior officer said yesterday. National Police spokesman Maj. Gen. Trimada Dani said the suspects were a Thai, Liberian and Nigerian. The three were identified as Laor Treekhem, 34, John Brown, 22, and Melvin Chiguzie, 24, respectively.

Russia likely to enter APEC with Japanese support: Jiji

Russia likely to enter APEC with Japanese support: Jiji TOKYO (AFP): Russia is expected to join the Asia-Pacific Economic Cooperation (APEC) forum as early as next year after Japan eased its tough stance to Russian's bid to enter the grouping, Jiji Press said yesterday. Together with Peru and Vietnam, Russia may be chosen as a primary candidate during the forum's annual meeting in Vancouver in mid-November, the news agency said, quoting government sources.

IMF approves $10 billion loan for Indonesian bailout

IMF approves $10 billion loan for Indonesian bailout WASHINGTON (Reuters): The International Monetary Fund on Wednesday approved a $10 billion loan for Indonesia as part of a massive international package to get the country's economy back on track. The IMF's executive board said the money would be provided to Indonesia over the next three years assuming it meets the terms of a comprehensive reform package.

Thailand delays gas purchase from Natuna

Thailand delays gas purchase from Natuna BANGKOK (Reuters): Thailand's economic crisis has taken its toll on the energy sector, forcing the country to delay two major natural gas procurement projects, a senior government minister said yesterday. Industry Minister Korn Dabbaransi told reporters that Thailand had decided to delay plans to purchase liquefied natural gas (LNG) from Oman by four years to 2007 from 2003.

Bank Global to offer shares to public

Bank Global to offer shares to public JAKARTA (JP): Bank Global International will sell 50 million shares, or one-third of its total shares, to the public next month, the company announced yesterday. The bank said the issuance of the shares, each with a nominal price of Rp 500, would be underwritten by PT Trimegah Sekuritas and Interasia Securitindo. The shares will be listed on the Jakarta Stock Exchange.

No account of Indonesians seeking employment abroad

No account of Indonesians seeking employment abroad YOGYAKARTA (JP): Ida Bagus Mantra, a senior researcher at the University of Gadjah Mada's population studies center, said recently that countless Indonesians have literally risked their lives seeking jobs illegally abroad over the last two decades.

The Listening Post

The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * The English of eight-year-olds presents a special challenge to any non-native speaker talking with them. You'll have a chance to test your powers of comprehension if you tune in tonight: an assault wave of JIS Second-Graders visits Radio Sonora FM100.9! * We're on at 8:15 this evening, and it's a wild ride.

Tutut backs government action on ailing banks

Tutut backs government action on ailing banks JAKARTA (JP): Businesswoman Siti Hardiyanti Rukmana, who is the eldest daughter of President Soeharto, supported yesterday the government's weekend closure of 16 banks, including those partly owned by other family members.

Ten people killed in bus-truck collision

Ten people killed in bus-truck collision JAKARTA (JP): Ten people died and 19 others were severely injured when an interprovince passenger bus collided head-on with a truck carrying pine logs in Aceh early Tuesday. Antara reported yesterday that the 10 fatalities included bus passengers, the driver of the Kurnia bus and the truck driver. The bodies have been returned to the victims' families.

IMF chief to meet Malaysian leaders on market upheavel

IMF chief to meet Malaysian leaders on market upheavel KUALA LUMPUR (Reuters): International Monetary Fund Managing Director Michel Camdessus will meet Malaysian leaders next week during a tour of Southeast Asia to discuss upheaval in financial markets, authorities said yesterday. Camdessus will be in Kuala Lumpur on Nov 13 and would meet Deputy Prime Minister Anwar Ibrahim, among other officials, a spokesman for the Malaysian minister said.

Coastal developers' licenses reviewed

Coastal developers' licenses reviewed BANDAR LAMPUNG, Lampung: The Lampung administration is threatening to revoke the licenses of four developers engaged in a 500-hectare coastal reclamation project if they are found guilty of damaging the environment, Antara reported an official here as saying.

Share prices plunge on local market

Share prices plunge on local market JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) plunged yesterday, with the JSX composite index losing 2.5 percent to close at 478.91 points in moderate trading. Securities analysts attributed the drop in share prices to investors' worries over the wane of the government's credibility in adopting its strict economic policy.

RI satellite to be launched

RI satellite to be launched PARIS (AFP): The European rocket Ariane-4 on Monday will launch two telecommunications satellites, one Swedish and the other Indonesian, from the space center in Kourou, French Guiana, the Arianespace agency announced Wednesday. The launch has already been delayed twice due to technical problems with the Swedish Sirius-2 satellite due to service mainly Nordic countries.

Deutsche Bank's new building

Deutsche Bank's new building JP/bay Deutsche Bank officially opened its new building, on Jl. Diponegoro, Central Jakarta, yesterday. State Minister of Research and Technology B.J. Habibie (center), Ambassador of the Federal Republic of Germany Heinrich Seeman (left) and Josef Ackerman (right), member of the Deutsche Bank Group board responsible for the Asia-Pacific region, opened the new building with a ribbon-cutting and plague-signing ceremony.

Workers protest against violation of agreement

Workers protest against violation of agreement TANGERANG (JP): Hundreds of workers from a suitcase manufacturing company went to Tangerang City Council yesterday to protest against their company's alleged failure to honor a wage agreement. The protesters, who arrived at 9 a.m. bearing placards, claimed that instead of sticking to a deal between workers and the company, PT Adi Santosa Abadi (PT ASA), they were fired without consultation.

TB prevalent despite 30 year campaign

TB prevalent despite 30 year campaign JAKARTA (JP): After a 30 year campaign, Indonesia has failed to eradicate tuberculosis which has long remained the number two killer after cardiovascular diseases, an official said yesterday. "We must admit that our effort over the last 30 years to wipe out tuberculosis has not yet brought any success," said Nyoman Kumara Rai, the director general for public health supervision at the Ministry of Health.

YLKI responds

YLKI responds On behalf of the Indonesian Consumers Foundation (YLKI) I would like to thank Mr. Indaryanto for his letter in The Jakarta Post of Oct. 27 regarding the sale of SEA Games stickers. We understand what he means by the difficulty in reality to refuse the imposition of paying for SEA Games stickers when paying power and telephone bills. I trust Mr. Indaryanto is aware that PLN's managing director has issued a circular letter No.

U.S. signals opposition to Asian rescue fund

U.S. signals opposition to Asian rescue fund NEW YORK (AFP): The United States on Wednesday signaled its reluctance to support a regional rescue fund to resolve financial crises in Southeast Asia. U.S. Deputy Treasury Secretary Lawrence Summers, in a speech here to the Japan Society, insisted that the International Monetary Fund -- rather than regional alliances -- should play the lead role in dealing with market turbulence.

Two men face court for trafficking marijuana

Two men face court for trafficking marijuana JAKARTA (JP): Two men were indicted during separate sessions at East Jakarta District Court yesterday for trafficking a total of two kilograms of marijuana. The first defendant, Ahmad Husain, 33, was arrested on Jl. Pisangan Timur in East Jakarta on Aug. 21 with 1.98 kilos of marijuana in his possession, prosecutor Sri Yatmi said. Husain, a taxi driver, told police that he was helping a friend, identified as Arifin, transport the marijuana, Sri said.

U.S., China opt for stable ties

U.S., China opt for stable ties By Rizal Sukma JAKARTA (JP): The long-awaited Sino-American summit has just ended with promising results, not only for a better relationship between the two countries, but also for stability and peace in the Asia-Pacific region. The summit resulted in a number of important agreements being reached, which may serve as a strong foundation for both sides to continue their dialogue and cooperation in the future.

Trakebah and Incognito to start the music at JakJazz

Trakebah and Incognito to start the music at JakJazz JAKARTA (JP): It is usually packed with shoppers, but the area around Pasar Festival on Jl. H.R. Rasuna Said assumes a musical character today with the opening of the Jakarta International Jazz Festival, better known as JakJazz. Stages are ready at the soccer stadium, hockey field, indoor basketball hall and even at the food court at the Kuningan venue.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 6, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 800 -25 28,000 AHAP Insurance 2,500 0 0 Alter Abadi 575 0 0 Alumindo Light Metal 475 -50 173,000 Alumindo Perkasa 275 0 0 Aneka Kimia Raya 700 0 447,000 Anwar Sierad 625 -25 69,500 Apac Centertex Corp.

Currency crisis haunts Korean financial markets

Currency crisis haunts Korean financial markets SEOUL (AFP): South Korea sank deeper into a financial crisis yesterday as its currency tumbled against the U.S. dollar, sending rattling Southeast Asian markets. The won plunged to a record low at the close of 975 to the greenback from Wednesday's close of 969.80 on swelling dollar demand by merchant banks facing difficulties in raising funds overseas.

Jiang gets fair marks on U.S. trip 'performance'

Jiang gets fair marks on U.S. trip 'performance' By Edward Neilan Debriefing sessions back in Beijing might ask the question: 'Who is this guy Richard Gere?' TOKYO (JP): China's President Jiang Zemin is back in Beijing, facing the music from his colleagues, in a series of critiques on his recent visit to the United States. Although outsiders cannot get inside the councils that are debriefing Jiang, it is safe to say that he will get fairly high marks for his performance on a tough assignment.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Kelly 3:10 Children's Dance by Sanggar Yurnita 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film 5:30 Performance: Gatra Kencana 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:35 Music: Pemilihan Bintang Radio dan Televisi 9:00 World News 9:30 Music: Pemilihan Bintang Radio dan Televisi (contd.)...

Cyanide fishing seen as threat

Cyanide fishing seen as threat MANILA (DPA): Environmental officials said yesterday that cyanide and dynamite fishing are threatening marine life in southern Philippine and Malaysian islands, but they are puzzled over the origin of the fishermen using the illegal practices.