Indonesian Political, Business & Finance News

Archive: 11 December 1997

67 articles found

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.

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.

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.

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...

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.

Dragons and 'wayang' watch over Javanese homes

Dragons and 'wayang' watch over Javanese homesBy 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.

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.

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.

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 --...

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

TV today

TV todayTVRI 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...

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.

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.

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...

Different attitudes on youth promiscuity

Different attitudes on youth promiscuityBy 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.

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.

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.

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. dollar 4,350.00 4,600.00Austrian shilling 326.20 373.80Australian dollar 2,838.60 3,036.30Belgian franc 115.30 122.90Canadian dollar 2,997.90 3,188.

Stock Exchange

Stock ExchangeStock 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...

Students' safety

Students' safetyFrom KompasI 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.

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.

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.

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.

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.

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.

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.

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...

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.

Criteria for VP

Criteria for VPFrom Pikiran RakyatAs 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...

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...

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...

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.

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.

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.

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...

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.

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...

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.

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.

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.

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.

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...

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.

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.

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.

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.

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...

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.

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.

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.

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...

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.

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...

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.

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.