Indonesian Political, Business & Finance News

Archive: 11 December 1997

67 articles found

New Year's festivities okay before Dec. 28

New Year's festivities okay before Dec. 28 JAKARTA (JP): The city administration has decided to allow entertainment businesses to hold New Year's celebrations before Dec. 28, the Public Order Agency announced yesterday. Toha Reno, head of the agency's public order and entertainment subdivision, said that the municipality will provide permits to selected nightspots.

Sony offers scholarships

Sony offers scholarships JAKARTA (JP): The audio-video maker Sony Group will present a number of scholarships to prominent final-grade students of state universities as part of the company's program to support education and training programs in Indonesia. Harismawan Wahyuadi of PT Sony Indonesia said here yesterday that 17 students were scheduled to receive scholarships from his company tomorrow.

TV today

TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Orchestra Film 5:00 Arabic Lessons 5:30 Children's Story: Si Kecil yang Berani 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 7:30 Performance: Cakrawala Budaya 8:05 TV Drama 9:00 World News 9:30 Koran Recital 9:40 TV Drama 10:44 Late News 10:54 Film:...

Asian cocoa prices up due to currency, supply

Asian cocoa prices up due to currency, supply KUALA LUMPUR (Reuters): Cocoa prices remained firm in Malaysia and Indonesia yesterday, with tight supply and weaker currencies prompting gains, regional traders said. Asian cocoa prices were higher despite falls in the New York market on Tuesday, they said. "I think production will be less towards the end of the year. This is mainly due to the dry weather and the El Nino effect," an official at the Malaysia Cocoa Board said.

Utut wins first game in Groningen

Utut wins first game in Groningen JAKARTA (JP): Grandmaster Utut Adianto of Indonesia opened his world chess championship campaign with a victory, defeating GM Wang Zhili of China in Groningen, the Netherlands. Utut, who has an elo rating of 2,610, beat Zili in a three- hour intense game Monday. Zili's elo rating is 2,520. Utut, playing with the white piece, used the Trompowski opening. This surprised Zili as Utut rarely uses it. Utut pressed Zili throughout the game.

Nepalese man may face death penalty

Nepalese man may face death penalty JAKARTA (JP): A prosecutor asked South Jakarta District Court yesterday to sentence a young Nepalese man to death for trafficking 1.2 kilograms of heroin. Prosecutor Sugiyanto said the defendant, 23-year-old Budhe Tamang, arrived here from Thailand with the heroin on April 22 and stayed at Prapanca Hotel in South Jakarta. Sugiyanto said that the senior high school student had swallowed 143 capsules containing heroin and put the remainder in his bag.

Different attitudes on youth promiscuity

Different attitudes on youth promiscuity By Harko Kasran JAKARTA (JP): Social observers Dr. Sarlito Wirawan and Ninuk Widiyantoro recommended (The Jakarta Post, Dec. 1) that the youths be taught to use condoms. Such a view gives a very liberal and controversial impression to religious people and those who still cherish good ethics and morals. It is only because people are not used to reading an English language newspaper that the opinions of these experts have not been strongly opposed.

WB sets $1b for the poor

WB sets $1b for the poor JAKARTA (JP): The World Bank will provide US$1 billion to launch an employment safety net for low-income people currently hit by the economic crisis, the bank's country director for Indonesia Dennis de Tray said yesterday. De Tray said the bank's funding would be used to support two public works programs currency being developed by the National Development Planning Board.

S'pore rubber futures hit by rupiah

S'pore rubber futures hit by rupiah SINGAPORE (Reuters): Rubber futures on the Singapore Commodity Exchange (SICOM) fell along with Tokyo and on fears of further weakness as the Indonesian rupiah tumbled, dealers said yesterday. "The market is partly depressed by Japan. Also, consumers feel there is more weakness to come, especially in Indonesian prices given the weaker rupiah," said a dealer with a European house.

Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec. 10, 1997: Buying Selling Rp Rp U.S.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 10, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 700 -50 25,000 AHAP Insurance 625 0 0 Alter Abadi 400 0 0 Alumindo Light Metal 225 25 5,641,500 Alumindo Perkasa 275 0 14,000 Aneka Kimia Raya 775 -25 597,500 Aneka Tambang 1,200 -100 2,021,000 Anwar Sierad 250 -25 3,500 Apac Centertex Corp.

Students' safety

Students' safety From Kompas I would like to have the attention of the authorities in Jakarta for the safety of high school students going to and from school. I think my feelings are shared by the majority of students' parents in the capital city. Student brawls occur nearly everyday and have claimed a lot of victims. Student behavior is becoming excessively violent. Until today we have never seen a definite solution to the problem.

Toyota's sales up, Timor leads market

Toyota's sales up, Timor leads market JAKARTA (JP): Automobile manufacturer PT Toyota Astra Motor (TAM) and the distributor of the country's national car, PT Timor Distributor Nasional (TDN), have each claimed to be leading players in the Indonesian automobile industry.

U.S. senator upbeat about RI economy

U.S. senator upbeat about RI economy JAKARTA (JP): United States Senator Max Baucus said here yesterday he was optimistic that Indonesia would be able to weather the currency crisis if it fully implemented its reform package. Baucus said the currency crisis, which has led to the fall in the rupiah's value against the U.S. dollar by over 50 percent since early July, was mainly caused by a rumor-aggravated market.

Military involvement seen hurting labor protection

Military involvement seen hurting labor protection SURABAYA (JP): An increasingly excessive intervention by security authorities in many labor disputes has robbed workers of just and satisfying solutions, and of control over situations, an activist says. The Surabaya Legal Aid Institute's director, Indro Sugianto, told a press conference here yesterday that military intervention in labor conflicts had become even more marked over the past year.

Bapepam suspends 16 securities companies

Bapepam suspends 16 securities companies JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has suspended 16 securities houses, mostly members of the Jakarta Stock Exchange (JSX), for failing to meet capital requirements, the chairman of agency said yesterday. I Putu Gede Ary Suta said that the 16 securities companies were being given until January to increase their capital or lose their licenses.

Cricket mini-World Cup to be held in Sharjah

Cricket mini-World Cup to be held in Sharjah CALCUTTA (AFP): Sharjah in the United Arab Emirates was chosen over Bangladesh and the United States as the venue for the 1998 mini-World Cup cricket tournament at a meeting of the International Cricket Council (ICC) here Tuesday. ICC president Jagmohan Dalmiya, however, said the two-day ICC conference, which ended Tuesday, put on hold its verdict on a proposal for a World Cup for Tests and on the total volume of cricket to be played by each country.

Krakatau to join Australian project

Krakatau to join Australian project ADELAIDE (Reuters): The South Australian Steel and Energy Project (SASE) will involve Ausmelt Ltd, Meekatharra Minerals Ltd and two Indonesian companies, the state-owned PT Krakatau Steel and privately-owned PT Maritosa and Coalindo. Mines Minister Rob Kerin said yesterday while Krakatau remained fully committed to the project, Maritosa was reconsidering its position in the fall-out of the Asian economic crisis.

Won continues slide despite govt efforst

Won continues slide despite govt efforst SINGAPORE (Reuters): Asian currencies were shrouded in gloom yesterday as the South Korean won sank to new lows despite government efforts to calm shaky markets. The won hit its daily lower limit of 1,565.9 to the dollar within the first half hour of trade, down almost seven percent from Tuesday's 1,460 close. Trading was suspended for the rest of the day.

Developing literature

Developing literature Dozens of Indonesian novelists, short story writers, poets, playwrights and critics are currently holding a series of meetings in Bukittinggi and Kayutanam, two West Sumatran towns which have given birth to a number of intellectuals and writers, to discuss the country's literary development. Contrary to the rapid physical and economic development which Indonesia has achieved during the past few decades, Indonesia's literary development moves at a snail's pace.

Soeharto to attend ASEAN summit in KL

Soeharto to attend ASEAN summit in KL JAKARTA (JP): Rumors of President Soeharto's ailing health were firmly rebuffed yesterday after it was announced that he would attend an informal summit of the Association of Southeast Asian Nations (ASEAN) in Kuala Lumpur Sunday. The President will fly to Kuala Lumpur Sunday morning on a special flight and return to Jakarta Monday afternoon.

Dragons and 'wayang' watch over Javanese homes

Dragons and 'wayang' watch over Javanese homes By Shamala Kandiah JAKARTA (JP): Mythical flying dragons, legendary wayang characters and everyday farm animals form part of the landscape in many little villages in Java. Look up toward the heavens, and there they are perched high on the rooftops of the houses. More than just mere decoration, these roof ornaments, known as wuwungan, reveal more about the owner of the house than one might imagine.

India offers finance services package, no word from Jakarta

India offers finance services package, no word from Jakarta GENEVA (AFP): India has handed in an improved banking and insurance package, trade officials said, three days before the deadline for a deal to open up global financial service markets. India, in political turmoil after the resignation of Prime Minister Inder Kumar Gujral last month, is considered a potentially important, although highly complicated, market.

Prosecutor fails to indict

Prosecutor fails to indict JAKARTA (JP): A bank forgery trial at the South Jakarta District Court was postponed yesterday after the prosecutor was unable to concentrate enough to read the indictment. Prosecutor Y.W. Mere asked for the postponement because he was concerned about his colleagues being detained at the National Police Headquarters.

14 detained for bomb fishing

14 detained for bomb fishing UJUNGPANDANG, South Sulawesi: Selayar Island police detained 14 fishermen Tuesday for allegedly bomb fishing in the nearby coral reefs. Selayar Police Chief Lt. Col. Hendrawan said the fishermen -- detained along with two motorboats, diving equipment and explosives -- were caught red-handed in the Nambolaki waters in Tambolongan village of Bontosikuyu subdistrict.

Where to go in Jakarta:

Where to go in Jakarta: Exhibitions * Painting Exhibition: Nuansa Cakrawala, by Rieta Yoedho, A. Malik A., Emily D., Agus B, Effendi, at Hilton Executive Club, Jakarta Hilton Hotel, Jl. Gatot Subroto, South Jakarta, 9 a.m. to 8 p.m., until Dec. 15. * Painting Exhibition: by Diego Menendez, an Argentinean in Indonesia, at Duta Fine Arts Foundation, Jl. Kemang Utara 55A, South Jakarta, daily at 10 a.m. to 7 p.m., Sunday and Monday at 11 a.m. to 4 p.m., until Dec. 23.

Expats no longer required to pay foreigners tax

Expats no longer required to pay foreigners tax JAKARTA (JP): Expatriates in Jakarta will no longer have to pay a foreigners tax because the city is to stop collecting it as of May 28, City Council was told yesterday. During a plenary session on tax with city councilors, the Jakarta office of the Ministry of Finance explained that the decision to revoke the tax was in line with the newly passed Law No. 19/1997 on regional tax and levy collection.

Govt urged to send signals to restore public confidence

Govt urged to send signals to restore public confidence JAKARTA (JP): The World Bank country director for Indonesia, Dennis de Tray, suggested yesterday that the government send signals to the market that it would undertake reform measures to restore public confidence. De Tray said he was optimistic the country's monetary crisis would ease shortly provided the government stuck to its promised reform programs.

Asian economic turmoil to slow Philippine growth

Asian economic turmoil to slow Philippine growth MANILA (AFP): The Asian financial crisis will dampen Philippine economic growth this year and next with the authorities expected to pursue a tight monetary policy, an independent think tank said yesterday. University of Asia and the Pacific (UAP) forecast gross domestic product (GDP) growth of 5.1 percent this year and 4.6 percent in 1998. Gross national product (GNP) growth should be 5.7 percent in 1997 and 5.2 percent next year, it added.

Crisis dams up Japanese investment flow to Asia

Crisis dams up Japanese investment flow to Asia TOKYO (AFP): Japan's investment in China, India and the United States is forecast to grow, but Asia's currency turmoil makes Japanese firms more wary of their cash flow to some countries in the region, analysts say.

Hariyanto, Martin lost on first day of GP Finals

Hariyanto, Martin lost on first day of GP Finals JAKARTA (JP): Some fancied players will have to work harder today than they anticipated after losing their opening matches of the round-robin section of the 1997 Lipton World Grand Prix Badminton Finals at the Senayan Indoor Stadium yesterday. The 1995 World Champion, Hariyanto Arbi, who won the Singapore Open in July, had to yield to junior Marlev Mainaky 11-15, 11-15 in 46 minutes. "Marlev played very well tonight. His smashes were very sharp.

Bimantara wins shooting contest

Bimantara wins shooting contest JAKARTA (JP): Bimantara Shooting Club, whose team members include Bambang Trihatmodjo, was the overall winner in the two- day rapid-reaction firing contest at Jakarta Military Command. The club collected nine medals -- consisting of five gold, three silver and one bronze -- at the event which ended yesterday evening, the command's spokesman DJ Nachrowi said.

TV companies fail to pay frequency charge

TV companies fail to pay frequency charge JAKARTA (JP): Director General of Post and Telecommunications Djakaria Purawidjaja said that four private television stations, TPI, RCTI, SCTV and ANteve had failed to pay frequency utilization rights bills totaling Rp 9.54 billion (about US$2.2 million) between 1993 and 1996.

Demand for branded goods remains stable

Demand for branded goods remains stable JAKARTA (JP): Indonesia's current monetary crisis has not affected demand for brand-named consumer goods targeted for the middle class, The Castle Group, a business consulting company, stated yesterday. Castle's chairman, James W. Castle, said demand for brand-name items remained stable even though the country was mired in financial crisis.

Housewife commits suicide after quarrel

Housewife commits suicide after quarrel JAKARTA (JP): A 40-year-old housewife was found dead at her home in Duren Sawit district, East Jakarta, yesterday after reportedly arguing with her husband the night before. Forensic experts believe that Aisyah, a mother of three, had committed suicide by drinking insecticide. A glass which smelled of insecticide was found near a bed, where neighbors found her, First Lt. Wahyu of the East Jakarta Police precinct, said.

RSCM morgue handles 600 bodies every month

RSCM morgue handles 600 bodies every month JAKARTA (JP): State-run Cipto Mangunkusumo General Hospital receives an average of 600 bodies for postmortem every month, a senior morgue staffer said yesterday. The bodies are brought in mostly by police and relatives, said Atjep, who has worked at the morgue for 28 years. The cause of their deaths range from manslaughter, mobbing and suicide to traffic accidents and disease, he said.

Blind musicians compete on Dec. 23

Blind musicians compete on Dec. 23 JAKARTA (JP): After a 10-year absence, the city's social affairs agency will hold its second biennial music contest for the blind on Dec. 23. The agency's head, Emon Setia Sumantri, said yesterday that 15 music groups from Jakarta, West Java and Lampung have confirmed their participation in the competition, which was first held in 1987. He said the event was primarily aimed at supporting the blind so they can make use of their musical talents.

Discipline essential for ISI

Discipline essential for ISI Two articles side-by-side in The Jakarta Post on Friday, Dec. 5 caught my eye. The first announced that Dr. Made Bandem has been inaugurated as the new rector of the Institut Seni Indonesia (Indonesian Arts Institute, or ISI) in Yogyakarta. I was pleased to read of that as Dr. Bandem has a worldwide reputation as a music scholar.

Mahathir to push for East Asian Economic Caucus

Mahathir to push for East Asian Economic Caucus KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad plans to revive his controversial proposal for an East Asian Economic Caucus (EAEC) at an ASEAN summit with China, Japan and South Korea next week, a source close to the government said yesterday. The source, who asked not to be named, said the economic and financial turmoil sweeping Asian made the idea all the more timely.

Military chief warns officers

Military chief warns officers MEDAN, North Sumatra: Chief of the Bukit Barisan Regional Military Command Maj. Gen. T. Rizal Nurdin vowed yesterday to punish officers proven to have instigated Tuesday's riot on Jl. Flamboyan, Tanjung Sari, Antara reported. A clash erupted between students and military officers following the demolition of fruit kiosks in the area where many students from nearby schools usually hang out, Maj. Gen. T Rizal Nurdin said.

Cleaning up banking system is panacea to ailing economy

Cleaning up banking system is panacea to ailing economy The following article is based on an interview with Dr. Rudiger Dornbusch of the Massachusetts Institute of Technology. The renowned international economist was in Jakarta last week at the invitation of the Prasetya Mulya School of Management. Question: Economic turmoil hit with a domino effect in Asia, seemingly without meaningful warnings from experts. Why is this so?

Where to go in Bandung:

Where to go in Bandung: Music and Entertainment * Preanger Aerowisata Bandung Hotel, Jl. Asia-Afrika No. 81, Central Bandung: - Tempo Doeloe Terrace: Back To Sixties featuring Starlite Band, every Sunday, 7 p.m. to 11 p.m., Asea Band, from Philippines, Monday to Friday, 7 p.m. to 11 p.m. and Saturday at 9 p.m. to 1 a.m. - Preanger Restaurant: Pianist, Monday to Friday, 6 p.m. to 9 p.m., Saturday, 3 p.m. to 6 p.m., Pianist and Singer, Monday to Saturday, 10 p.m. to 1 a.m.

Asia's dependence on senior leaders poses problems

Asia's dependence on senior leaders poses problems SINGAPORE (Reuters): The heavy dependence of some Asian countries on senior leaders rather than on government institutions poses problems of succession, but few are likely to face difficult transitions when these leaders die, analysts said yesterday. The exception may be Indonesia, which has long vested great power in President Soeharto, who is like "a banyan tree, allowing nothing to grow underneath", said an academic who declined to be named.

Water companies to hold meeting

Water companies to hold meeting JAKARTA: Indonesian Water Company Association (Perpamsi) will hold its regional meeting in Padang, West Sumatra to establish a cooperation between small-scale entrepreneurs and members of Perpamsi, an official said yesterday. The association's spokesman Bambang Suranto said the meeting would take place at Pangeran Beach Hotel, Padang from Dec. 15 to Dec. 20.

More beggars to flock to city

More beggars to flock to city JAKARTA (JP): A city official estimates that more than 2,000 beggars from villages outside Jakarta will flock to the capital's streets during the upcoming Ramadhan fasting month. Head of Jakarta's social services office, Emon Setia Sumantri, said yesterday that the heavy influx of beggars mostly would come from West, Central and East Java. "They will come here to collect as much money as they can from motorists and passersby," said Emon.

40,000 children need schooling

40,000 children need schooling AMBON, Maluku: An estimated 38,968 school-age children in eight remote districts of the Southeast regency are too poor to go to school and need help, Antara reported yesterday. The news agency quoted B. Rahayaan, the chairwoman of the regency's office of the National Foster Parents Movement, as saying her organization is compiling detailed information about the children. She also called on the community to join the movement and sponsor the children to go to school.

House blasts labor export management

House blasts labor export management JAKARTA (JP): The House of Representatives blamed yesterday the high number of Indonesian illegal workers in Saudi Arabia on the government's poor management of labor export. Legislator Samsoedin, who led a team to Saudi Arabia last month, told a House plenary session that poor teamwork among related government offices had caused excessive problems ranging from recruitment to the placement of workers in the kingdom.

Mt. Merapi spews hot gases

Mt. Merapi spews hot gases SEMARANG: Mount Merapi in Central Java has been spewing hot gases again in the past few weeks, prompting the authorities to call for public alert. The head of the Mt. Merapi observation section of the directorate of volcanology in Yogyakarta, Mas Atje Purbawinata, said here Tuesday that volcanic activities have increased.

Troops clash with students, marring Human Rights Day

Troops clash with students, marring Human Rights Day YOGYAKARTA (JP): Troops forcefully dispersed a student rally commemorating Human Rights Day here yesterday and beat dozens of participants who refused to budge. Hundreds of students calling themselves the Committee of People's Action for Change exchanged harsh words with the security personnel who tried to halt the demonstration and make them return to the Gadjah Mada University campus.

Court arrangements cause dissatisfaction

Court arrangements cause dissatisfaction JAKARTA (JP): The IBF decision to stage the 1997 Lipton World Grand Prix Badminton Finals on only three courts at the Senayan Indoor Stadium caused consternation yesterday. The stadium has three courts, instead of four as it usually does, and there is a big empty space at one side of the arena which was a restricted area displaying sponsors' names.

Market operations ordered to ensure adequate stocks

Market operations ordered to ensure adequate stocks JAKARTA (JP): President Soeharto summoned three cabinet ministers yesterday and ordered them to ensure sufficient stocks of rice, cooking oil and other foodstuff in anticipation of Christmas, New Year and the Islamic fasting month Ramadhan.

Sidewalk vendor stabbed to death

Sidewalk vendor stabbed to death JAKARTA (JP): A sidewalk vendor was stabbed to death yesterday by a group of alleged hoodlums in the National Monument (Monas) park in Central Jakarta after he intervened in an extortion attempt. The victim, identified as 22-year-old Sei bin Mugiyo, quarreled with four men after he told the group not to bother a couple relaxing in the park at 1 a.m., the victim's friend, Munadi, said.

Education vital to prevent abortions

Education vital to prevent abortions The recent case of dumped fetuses in Jakarta has unveiled more shocking facts. It is said that hundreds of fetuses are being dumped in the capital everyday. Medical doctor Sugiat A. Sumadi, chief of the Council for Health Development of the large Moslem organization Muhammadiyah discusses the problems related to abortion. Question: Chairman of the Indonesian Medical Association (IDI) Azrul Azwar has suggested that abortion be legalized.

Palapa users' meeting

Palapa users' meeting JAKARTA (JP): Private telecommunications operator PT Satelindo will hold today a Palapa users' meeting show appreciation to its Palapa-C satellite leasing customers. Company general manager of satellite operations, Kanaka Hidayat, said the meeting at the Bali Inter-continental hotel in Jimbaran, Bali, was also aimed at keeping the customers that use Palapa C1 and C2 satellites. "We are looking for input and suggestions from the users to improve our services.

Canadian medics to examine Pakpahan

Canadian medics to examine Pakpahan JAKARTA (JP): A Canadian medical team sent specifically to help diagnose convicted labor leader Muchtar Pakpahan, will begin their examination of him today at Cikini Hospital, Central Jakarta. Hermansyur Kartowisastro of Cipto Mangunkusumo Hospital said the Canadian medical team would perform a lung imagery fluorescence endoscopy (LIFE) examination to diagnose the extent of Pakpahan's ailment.

Criteria for VP

Criteria for VP From Pikiran Rakyat As a man in the street who cannot convey his opinion in a formal or elite forum, I am compelled to write in the paper to present my views. I would like to focus my opinion on the issue of the candidacy for the vice presidency prior to the general session of the People's Consultative Assembly scheduled for March 1998, disregarding who he/she may be.

Atalla names local agent

Atalla names local agent JAKARTA (JP): Atalla System, a banking security system producer of the United States has appointed PT Secura Agradi to distribute Atalla's products throughout Indonesia. Secura's director Andy Sutedja said the distribution agreement was signed recently to anticipate a rapid growth in Indonesia's banking industry.

Private sector told not to rely on offshore loans

Private sector told not to rely on offshore loans JAKARTA (JP): Vice President Try Sutrisno called on Indonesian private companies yesterday not to rely on foreign loans to finance their operations. The Vice President said the private sector should operate more efficiently so that it could reduce offshore borrowing. A closer cooperation between the private sector and the government was essential in anticipating a freer global economy in the next millennium, he said.

Sixty fishermen held in Australia

Sixty fishermen held in Australia KUPANG, East Nusa Tenggara: The Australian government is still holding 60 Indonesian fishermen on charges of illegal entry into Australian territorial waters, Antara reported. They are still awaiting trial, according to Laurensius Belang from the provincial office of social services here yesterday. Australian immigration authorities repatriated by air last week 26 fishermen from Sulawesi and Roti island in East Nusa Tenggara.

Go international, doctors advised

Go international, doctors advised JAKARTA (JP): Minister of Justice Oetojo Oesman said yesterday that physicians should be the most prepared profession in entering the globalization era as it has long been associated with various international activities and associations. Speaking at a session during the 23rd congress of the Indonesian Medical Association in Padang, West Sumatra, Oetojo said physicians must be ready to compete in the domestic and international market.

Nobel prize 'brings no change' to East Timor

Nobel prize 'brings no change' to East Timor DILI, East Timor (JP): Exactly one-year after he received the Nobel Peace Prize, Bishop Carlos Filipe Ximenes Belo said yesterday the prestigious award has drawn greater attention but no progress toward resolving the issue of East Timor. "There are two things which I felt a year after receiving the Nobel prize. The name of East Timor is more prominent on the international map, many people know of the East Timor issue, that's one positive aspect.

Assembly still undecided on crunching issues

Assembly still undecided on crunching issues JAKARTA (JP): The People's Consultative Assembly reached agreement yesterday on minor economic issues but failed to solve long-standing bickerings on political and religious affairs, as the body resumed deliberation of the draft 1998/2003 State Policy Guidelines.

The right track

The right track After shedding three finance ministers and experiencing an economic crisis that dragged Asia down in its wake, Thailand finally seems to have found the political courage to get its finances back on track. The decision to permanently close 56 out of 58 suspended finance houses exceeded expectations. It shows a new-found willingness to take decisions that benefit the whole nation, not just the wealthy families who stand to lose from the closures.

BI fire should serve as a warning for developers

BI fire should serve as a warning for developers JAKARTA (JP): The Jakarta Fire Department said the inferno that engulfed the top floors of Bank Indonesia's office tower on Monday, killing 15 people, should encourage high-rise developers and executives to pay more attention to their fire safety systems. Fire official Johny Pangaribuan said Tuesday that most of the fires that destroyed high-rise buildings were usually caused by a lack of maintenance of safety equipment. "It's a matter of neglect.

Thai cucumber enters battle against AIDS

Thai cucumber enters battle against AIDS BANGKOK (AFP): A species of Thai cucumber could help combat AIDS according to local researchers, amid growing confusion over mooted herbal remedies here for the disease, reports said yesterday. Researchers at Bangkok's Mahidol University believe that a protein extract from the seeds of the mara khi nok cucumber could suppress an enzyme vital for the replication of the HIV virus that leads to AIDS.

Rupiah stronger over news on Soeharto trip

Rupiah stronger over news on Soeharto trip JAKARTA (JP): The rupiah closed higher against the U.S. dollar yesterday as the market calmed down following news that President Soeharto would attend a regional summit in Malaysia, currency dealers said. But the stock market lost 2.2 percent as state-owned securities houses, which had been active buying stocks for the last four days, ran out of investment resources, stockbrokers said.

Typhoon-ravaged houses rebuilt

Typhoon-ravaged houses rebuilt BANDAR LAMPUNG, Lampung: More than 100 houses in Margabatin village, Perwakilan Wawaikarya district in Central Lampung that were destroyed by a typhoon over the weekend, will be rebuilt. Vice Governor Suwardi Ramil was quoted by Antara as making the promise Monday. Torrential rain and strong winds hit the village last Saturday, destroying 103 houses and leaving 382 people homeless. The rains also ruined banana plantations and cassava plants.