Archive: 18 December 1997
56 articles found
Thu, 18 Dec 1997, 00:00 WIB
JC Penney's final sale attract bargain hunters
JC Penney's final sale attract bargain hunters JAKARTA (JP): Hundreds of bargain hunters have flocked to JC Penney outlets in Jakarta and Tangerang to take advantage of huge discounts following the company's decision to close down its Indonesian operation. The huge discounts at JC Penney's three remaining stores -- Mal Taman Anggrek in West Jakarta, Mal Pluit in North Jakarta and Lippo Karawaci, Tangerang -- began last month. "The shopping spree is scheduled to end on Dec.
Thu, 18 Dec 1997, 00:00 WIB
Canada's Paul hopes to win Super Car series at Sentul
Canada's Paul hopes to win Super Car series at Sentul JAKARTA (JP): Canadian Robert J. Paul is hopeful of winning the Super Car title at the Sentul circuit, near Bogor, on Sunday. If Paul wins, he will have won two titles this year after winning the 1997 national drag race series. Sunday's race is the fifth and final leg of the Super Car series. Paul, a consultant at an oil company based in Jakarta, will compete for the GT Radial team.
Thu, 18 Dec 1997, 00:00 WIB
Road to be widened in Bintaro Jaya
Road to be widened in Bintaro Jaya JAKARTA (JP): The City Council has urged Jaya Real Property, the developer of the Bintaro Jaya housing complex in South Jakarta, to broaden Jl. Cempaka connecting the complex and a major road in the area to help ease traffic congestion. Head of Commission D for development affairs Ali Wongso Sinaga said on Tuesday that according to the plan, the 1.5-kilometer- long street would be widened from 9 meters to 18 meters.
Thu, 18 Dec 1997, 00:00 WIB
Thai private sector debt runs to $72b
Thai private sector debt runs to $72b BANGKOK (AFP): Thailand's private sector foreign debt stands at $72 billion, with about 50 percent of the sum owed to Japanese creditors, Finance Minister Tarrin Nimmanahaeminda said yesterday. Officials have said the country's official foreign debt is US$39 billion, with $37 billion in short term debt to be repaid over the next 12 months.
Thu, 18 Dec 1997, 00:00 WIB
Bus accident kills 4 people, injures 5 others
Bus accident kills 4 people, injures 5 others JAKARTA (JP): At least four people were killed and five others injured when a speeding, overloaded minibus hit a shelter at a bus stop in Tanjung Duren district, West Jakarta, yesterday morning. Among the injured commuters was a Navy officer, who was waiting at the bus stop on Jl. S. Parman. The Kopaja 86 minibus, plying the Lebak Bulus (South Jakarta) - Kota (West Jakarta) route, overturned after colliding with the shelter.
Thu, 18 Dec 1997, 00:00 WIB
Asian dilemma bites into Australia
Asian dilemma bites into Australia SYDNEY (AFP): Australia's economy trembled in the face of Asia's entrenched economic crisis yesterday as the tourism and education sectors weakened alarmingly and the dollar was tipped to plunge to a 10-year low. "The Aussie dollar has fallen by so much so quickly... it wasn't obvious where it would stop," said Bankers Trust senior economist Peter Munckton.
Thu, 18 Dec 1997, 00:00 WIB
Cardinal says have 'a simple' Christmas
Cardinal says have 'a simple' Christmas JAKARTA (JP): Jakarta's Archbishop, Cardinal Darmaatmadja, called on Catholics in the capital to celebrate Christmas in simple but solemn ceremonies. Echoing an earlier message from the Indonesian Bishops Conference the cardinal appealed to Catholics to show concern and solidarity with the poor, the hardest hit by the monetary crisis.
Thu, 18 Dec 1997, 00:00 WIB
National economy concept
National economy concept From Merdeka I was impressed when I read a series of articles in Merdeka (Nov. 18 through Nov. 25) written by well-known scholar Kwik Kian Gie, who presented the articles in good language. One does not necessarily have to be an economic expert to understand the "fundamental economy" presented by Kwik in the beginning of his article. That fundamental economy is none other than "spending must be balanced with income".
Thu, 18 Dec 1997, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec.17, 1997: Buying Selling Rp Rp U.S dollar 5,300.00 5,900.00 Austrian shilling 421.10 483.70 Australian dollar 3,561.90 3,820.90 Belgian franc 147.40 160.50 Canadian dollar 3,816.10 4,064.20 Swiss franc 3,779.00 4,032.90 Deutschemark 3,061.90 3,291.30 Danish krone 806.00 860.50 French franc 916.50 979.50 Poundsterling 8,945.50 9,520.50 Hong Kong dollar 692.70 753.30 Italian lira 310.00 338.20...
Thu, 18 Dec 1997, 00:00 WIB
Casas' matchplay victory sets up clash against friend
Casas' matchplay victory sets up clash against friend By Bobby Alan Wilson CLARKFIELD, Philippines (JP): Filipino Felix Casas defeated America's Gerry Norquist yesterday in the first round of the Volvo Asian Matchplay to set up an exciting second-round draw against his in-form compatriot and friend Rodrigo Cuello.
Thu, 18 Dec 1997, 00:00 WIB
On transforming the nation into a new society
On transforming the nation into a new society Leadership succession has been an on-and-off issue in Indonesian politics. Moeslim Abdurrahman, a political observer and Ph.D. candidate in anthropology at the University of Illinois in the United States, discusses the issue linked with political development among Moslem intellectuals. Question: Why are we putting too much emphasis on the figures rather than programs in our discussions concerning the leadership succession?
Thu, 18 Dec 1997, 00:00 WIB
Monkey shipment embargo lifted
Monkey shipment embargo lifted PARIS (Reuters): French animal rights association Aequalis said Air France Cargo had lifted its embargo, imposed in June 1997, on the shipment of monkeys from Indonesia. A flight carrying monkeys destined for the U.S. was due to arrive at Charles de Gaulle (CDG) airport from Jakarta yesterday morning, the association said.
Thu, 18 Dec 1997, 00:00 WIB
Capital controls can have negative impact
Capital controls can have negative impact JAKARTA (JP): Imposing capital controls as a way of preventing the financial turmoil in Indonesia from worsening would negatively impact the economy, a veteran economist says. Former minister of finance Ali Wardhana said yesterday that strict exchange controls and a closed financial market would be ineffective in curbing the contagion of the currency crisis in the region from spreading.
Thu, 18 Dec 1997, 00:00 WIB
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 Traditional Performance: Gebug Ende 5:00 Arabic Lessons 5:30 Children's Program: Bermain Musik 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 Puppet Show 8:05 Music: Tunas Vokalia 9:00 World News 9:30 Koran Recital 9:42 Comedy: Berandal Lukojoyo...
Thu, 18 Dec 1997, 00:00 WIB
Cancellation of property projects may continue
Cancellation of property projects may continue JAKARTA (JP): Tough times will continue to shade the property sector in the capital for the next 18 months due to the currency upheaval, with more postponed or canceled projects and less demand, according to a property consultant firm.
Thu, 18 Dec 1997, 00:00 WIB
JP Morgan top house in Asia
JP Morgan top house in Asia HONG KONG (Reuters): U.S. investment bank JP Morgan is the top house in Asian derivatives, a survey by the financial risk management publication Asia Risk said yesterday. The bank snatched top position from Chase Manhattan, which ranked first in 1995 and 1996, Asia Risk said in a statement. In the survey with derivatives dealers, JP Morgan scored well in most of the Thai baht, Indonesian rupiah and Malaysian ringgit currency derivatives categories.
Thu, 18 Dec 1997, 00:00 WIB
Satelindo's response
Satelindo's response I would like to thank The Jakarta Post for printing my letter Satelindo saga in its Dec. 10 edition. The letter was a positive catalyst in this matter. The letter was certainly seen by Satelindo and they have responded very positively. Satelindo has been very forthcoming and courteous and has amicably clarified the matter with me. S.L. ADWANI Jakarta
Thu, 18 Dec 1997, 00:00 WIB
Mobile phone users slam poor service
Mobile phone users slam poor service JAKARTA (JP): Service providers for the popular mobile phone were the third most complained about sector this year, ranking behind housing and banking, according to the Indonesian Consumers Foundation (YLKI).
Thu, 18 Dec 1997, 00:00 WIB
A pedicab and modern Mona Lisa turn up at ceramic display
A pedicab and modern Mona Lisa turn up at ceramic display Text and photos by Stevie Emilia JAKARTA (JP): Seeds of inspiration can come from anywhere, and notoriously poor public transportation services get ceramicist Sri Hartono's creative juices flowing. In his fingers, wet clay becomes a rickety bus packed with passengers, three-wheeled bemo vehicles and becak, the pedicab banished from Jakarta's main streets five years ago.
Thu, 18 Dec 1997, 00:00 WIB
Have the markets gone mad?
Have the markets gone mad? By C.J. de Koning JAKARTA (JP): Have markets gone mad on the rupiah? This is a valid question when a depreciation of 5 percent to 10 percent per day occurs. There are two ways to look at the markets. The first one is through the valuation of assets. For instance, how much is a building worth? This is a comparable to the balance-sheet methodology. The second one is through the foreign currency cash flow of a country comparable to the cash flow method.
Thu, 18 Dec 1997, 00:00 WIB
Recruitment fraud
Recruitment fraud From Neraca Earlier this month, 13 young men came to the Telkom office on Jl. Gatot Subroto, South Jakarta. They had apparently been deceived while trying to find employment in this office. The men said they had given money ranging from Rp 350,000 to Rp 2,000,000 to a person identified as RH. RH promised that he could arrange for them to become Telkom employees. It later became known that RH was a former employee of a foundation under Telkom's management.
Thu, 18 Dec 1997, 00:00 WIB
Nondenominational faiths put in religious affairs
Nondenominational faiths put in religious affairs JAKARTA (JP): The People's Consultative Assembly ad hoc committee deliberating the draft 1998/2003 State Policy Guidelines agreed yesterday to admit the controversial issue of nondenominational faiths in the religious affairs section. The approval, reached after grueling debate, will mean a review of the 1993/1998 policy guidelines which places the faiths under the education and cultural section.
Thu, 18 Dec 1997, 00:00 WIB
President Soeharto ready to resume state duties
President Soeharto ready to resume state duties JAKARTA (JP): After resting for about 10 days, Soeharto will resume his state duties at Merdeka Palace today by leading a Military Academy graduation. But Minister/State Secretary Moerdiono refused to say whether this meant that Soeharto had ended his resting days.
Thu, 18 Dec 1997, 00:00 WIB
Search for Japanese divers continues
Search for Japanese divers continues UJUNGPANDANG, South Sulawesi: Police on Selayar Island in South Sulawesi have joined forces with local search and rescue teams to locate five Japanese divers who have been missing in Bira Bulukumba waters since Friday. The search teams comprise members of the Indonesian Navy, the local administration, the sea transportation office and fishermen, local police chief Lt. Col. Hendrawan said here yesterday.
Thu, 18 Dec 1997, 00:00 WIB
Taiwan wins gold at world cycling meet
Taiwan wins gold at world cycling meet KUALA LUMPUR, Malaysia (AP): Chang Shu-yin won the women's 16- kilometer points race Tuesday, giving Taiwan its first gold medal of the World Cycling B Championship. Indonesia's Nuraini won the silver medal and Hong Kong's Alexander Yeung Ka Wah the bronze. Host Malaysia stayed atop the medal standings when Masleeza Nordin won her nation's fourth gold, beating Taiwan's Chang in the three-kilometer individual pursuit. Nuraini was third.
Thu, 18 Dec 1997, 00:00 WIB
Businessman tried for bank swindle
Businessman tried for bank swindle JAKARTA (JP): Businessman Made Oka Masagung was indicted at the South Jakarta District Court yesterday for his role in the forgery of 36 promissory notes worth Rp 324 billion (US$56.3 million) endorsed by his bank, Bank Arta Prima. Prosecutor Y.W. Mere said Masagung had ordered the bank's executives, identified as Chalid Aini, Marcel Maulana and Husni Ali Toyib, to sign the promissory notes at his home on Jl.
Thu, 18 Dec 1997, 00:00 WIB
Negative rumors
Negative rumors From Bisnis Indonesia Many negative rumors have been started by irresponsible people who want to create a disturbance in this country. One rumor said that another wave of bank closures would take place, and still another had it that the President's health was deteriorating. I wonder why the community can be so easily duped by these cheap rumors. Are their faith and morality so unstable that they are readily vulnerable to any sort of rumors?
Thu, 18 Dec 1997, 00:00 WIB
Prison officer may get 6 months
Prison officer may get 6 months BOGOR (JP): Prosecutor M. Nasir asked Bogor District Court to sentence a prison officer, 41-year-old Munandar, to six months in jail for aiding the escape of the man behind the Jagorawi toll road murder and robbery. "Munandar was given Rp 100,000 (US$20) as a bribe to allow the mastermind of the robbery, identified as Erling Doli Wijaya, alias Mikel, to leave Paledang Penitentiary," the prosecutor said.
Thu, 18 Dec 1997, 00:00 WIB
Transparency 'essential' to restore confidence
Transparency 'essential' to restore confidence JAKARTA (JP): Greater transparency and political will, especially in nominating vice presidential candidates, are essential to restore confidence in the Indonesian economy, chairman of Gemala Group Sofjan Wanandi said yesterday.
Thu, 18 Dec 1997, 00:00 WIB
RI still attractive to foreign investors
RI still attractive to foreign investors JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo reiterated yesterday that Indonesia was still attractive to foreign investors despite the ongoing currency crisis. Total foreign investment approvals rose to US$33.8 billion from January to Dec. 15 by 13 percent from $29.9 billion in the same period last year, Sanyoto said after opening the Indonesia Netherlands Forum (FINED) in Surabaya, East Java, yesterday.
Thu, 18 Dec 1997, 00:00 WIB
A teacher's wish
A teacher's wish From Suara Karya I am a grade school teacher in a small village in Central Java. I have been a teacher for 36 years. I am 55. When I retire at 60, I shall have worked 41 years. I say "thank you" to the gratitude expressed to teachers, both from students and the community. But what is the meaning of the word "thank you" for persons like me who, on retirement, will only receive the taspen (pension) and other savings originating from deductions of our own salaries.
Thu, 18 Dec 1997, 00:00 WIB
ASEAN to use own money
ASEAN to use own money MANILA (AFP): Southeast Asian leaders have agreed to increase intra-regional trade using their own currencies as a measure to minimize the effects of the strong dollar, President Fidel Ramos said Wednesday. "As a basic decision, we agreed that we must do more intra- ASEAN trade where the currency to be used is not necessarily the dollar or the yen but our own national currencies," Ramos told a news conference.
Thu, 18 Dec 1997, 00:00 WIB
Alavi ends Taufik's unbeaten chess run
Alavi ends Taufik's unbeaten chess run JAKARTA (JP): FIDE Master Alavi Moghaddom of Iran ended Indonesian Taufik Hallai's unbeaten run at the world youth chess championships in Cannes, France, early yesterday. Taufik, who had not lost a game through the eighth round and had thus far collected 6.5 Victory Points, was defeated by Alavi in the ninth round. Taufik lost on the 35th move after an Indian King opening. He was competing in the 10-years age category of the championships, Antara reported.
Thu, 18 Dec 1997, 00:00 WIB
Exporters yet to benefit from rupiah's sharp fall
Exporters yet to benefit from rupiah's sharp fall JAKARTA (JP): The sharp depreciation of the rupiah against the U.S. dollar will not make Indonesian products more competitive because of their high import content, an economist said. Economist Sri Mulyani Indrawati of University of Indonesia said that the sharp drop in the rupiah could not offset the increase in the production costs stemming from the increase in the capital spent importing raw materials.
Thu, 18 Dec 1997, 00:00 WIB
Police raid clinic, collect samples in abortion probe
Police raid clinic, collect samples in abortion probe JAKARTA (JP): Central Jakarta Police temporarily closed a privately owned clinic on Jl. Kramat VI and detained its seven employees yesterday for questioning in connection with alleged abortion practices. The police took samples of fresh blood found on the clinic's bathroom floor and confiscated plastic bags containing blood clots.
Thu, 18 Dec 1997, 00:00 WIB
Soeharto puzzled by rupiah fall
Soeharto puzzled by rupiah fall JAKARTA (JP): President Soeharto found it extremely difficult to understand why the rupiah had continued to fall against the U.S. dollar, a senior minister said yesterday. The President therefore ordered economic officials, assigned to handle the monetary upheaval, to closely monitor the situation and keep him posted of the latest developments, Minister/State Secretary Moerdiono added.
Thu, 18 Dec 1997, 00:00 WIB
The need to improve Indonesia's image in the world community
The need to improve Indonesia's image in the world community By Budiono Kusumohamidjojo JAKARTA (JP): The Research and Development Board of the Indonesian Ministry of Foreign Affairs held a workshop on Dec. 11 to seek ways to improve Indonesia's image abroad, which is believed to be suffering in the international community. The issue was approached from several perspectives such as in the news media, defense and security, and diplomacy. Dr.
Thu, 18 Dec 1997, 00:00 WIB
Medical specialists in Sorong
Medical specialists in Sorong From Kompas Feeling patriotic to the country, I moved to Irian Jaya to settle in Sorong. With regard to the country's good intentions to improve community health conditions in the eastern part of Indonesia, what do medical specialists experience there? We cannot work to our optimum. The inadequate amount of equipment in the general hospital compels us to refer most cases to private hospitals.
Thu, 18 Dec 1997, 00:00 WIB
Elnusa gets Rp 65b loan from Bukopin
Elnusa gets Rp 65b loan from Bukopin JAKARTA (JP): Bank Bukopin agreed here yesterday to provide credit facilities of about Rp 68 billion (US$11.8 million) to PT Elnusa. Elnusa's president Aswad Dipo said the credit line would mainly be used to finance the maintenance of the refineries owned by its parent company Pertamina, a state oil and gas company.
Thu, 18 Dec 1997, 00:00 WIB
Navy looks for new recruits
Navy looks for new recruits SURABAYA, East Java: The Indonesian Navy is recruiting men and women who want to become naval sergeants and enlisted personnel. Information chief of the Navy's eastern fleet, Lt. Col. Eddy Irawan, said Tuesday that those who want to apply must be between 18 and 22 years old and must not wear glasses. Male applicants should be at least 160 centimeters tall and female applicants at least 155 centimeters tall.
Thu, 18 Dec 1997, 00:00 WIB
Netherlands' awards honors Indonesians
Netherlands' awards honors Indonesians JAKARTA (JP): Two Indonesians will receive the 1997 Prince Claus Awards of the Netherlands here this weekend, according to the Embassy of the Netherlands. Jim Supangkat, an art critic, and Sardono W. Kusumo, a renowned dancer and choreographer, will each receive US$20,000 (Rp 100 million) from the Dutch government through its ambassador to Indonesia P.R. Brouwer. The presentation will be held Saturday at Erasmus Huis on Jl. H.R.
Thu, 18 Dec 1997, 00:00 WIB
Bintang threatens to walk out of his subversian trial
Bintang threatens to walk out of his subversian trial JAKARTA (JP): Former legislator Sri Bintang Pamungkas is expected to attend Monday's opening court session of the subversion charges against him but he will likely boycott the rest of the proceedings at the South Jakarta District Court. "Bintang will come to the court, but he will walk out of the courtroom once the proceedings have started," Sri Bintang Pamungkas' wife, Ernalia, told reporters here yesterday.
Thu, 18 Dec 1997, 00:00 WIB
Rumors of a coup attempt baseless: Edi
Rumors of a coup attempt baseless: Edi JAKARTA (JP): Minister of Defense Edi Sudradjat told people yesterday not to be provoked by baseless rumors about a coup attempt. Speaking to reporters after addressing the opening ceremony of an ASEAN seminar on Principles of Regional Resilience and Cooperation, Edi said people should not trust such misleading information.
Thu, 18 Dec 1997, 00:00 WIB
ASEAN criticized for lack of action
ASEAN criticized for lack of action BANGKOK (AFP): The "alternative" ASEAN human rights network slammed yesterday the Southeast Asian grouping for turning a blind eye to the abuse of citizens within the region, especially in Myanmar and East Timor. The Association of Southeast Asian Nations (ASEAN) which wound up its 30th anniversary informal summit Tuesday in Kuala Lumpur, had undermined its own vision for peace and stability within the region, the group claimed.
Thu, 18 Dec 1997, 00:00 WIB
Forest fires a costly lesson: Try
Forest fires a costly lesson: Try KARANG JOANG, East Kalimantan (JP): Vice President Try Sutrisno said yesterday the outbreak of forest fires this year is too costly a lesson that should not be repeated. Addressing the National Regreening and Natural Conservation Day ceremony, Try called on all parties to be proactive and prevent further forest fires. Yesterday's ceremony was also held in commemoration of National Social Solidarity Day.
Thu, 18 Dec 1997, 00:00 WIB
Clove trade's monopoly still needed, Hutomo says
Clove trade's monopoly still needed, Hutomo says JAKARTA (JP): Clove Marketing and Buffer Stock Agency (BPPC) chairman Hutomo Mandala Putra said yesterday that the agency's clove trading monopoly was still needed to protect farmers' interests.
Thu, 18 Dec 1997, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Photo Exhibition: Kilas Balik 97, 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 Jan. 14. Talks with photographer, 2 p.m., on Dec. 20. * Fine Arts Exhibition: Djentik 94 at the Arts Exhibition Room, Institut Kesenian Jakarta, Jl. Cikini Raya 73, Central Jakarta, until Dec. 23.
Thu, 18 Dec 1997, 00:00 WIB
I'm not ready for VP position: Hardiyanti
I'm not ready for VP position: Hardiyanti JAKARTA (JP): Siti Hardiyanti Rukmana threw in the towel in the race for the vice presidency yesterday, saying she was not capable of carrying out the second top position. The eldest daughter of President Soeharto said on the sidelines of the People's Consultative Assembly meeting that the nation needs a person of high quality for its vice president. "I feel I'm not ready for the position, (because) it requires a broad mind and boldness.
Thu, 18 Dec 1997, 00:00 WIB
Three die in diarrhea outbreak
Three die in diarrhea outbreak TANGERANG (JP): A diarrhea outbreak in Solear subdistrict, Cisoka in Tangerang, has killed three people and hospitalized 37 others, an official said yesterday. Mas Iman K, head of the Tangerang social service agency, said that the dead victims were identified as 45-year-old Mrs. Suketi, Murti, 7, and Madil, 5. The condition of the 37 patients, who have been treated at Tangerang General Hospital, has steadily improved, Iman said.
Thu, 18 Dec 1997, 00:00 WIB
Concrete measures awaited
Concrete measures awaited People are now waiting for concrete measures to be taken by the government, as promised by Finance Minister Mar'ie Muhammad after his recent "road show" to the United States. The fulfillment of this promise is of the greatest strategic importance amid our efforts to surmount the worsening crisis which is now affecting the exchange rate of the rupiah against the U.S. dollar.
Thu, 18 Dec 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 17, 1997: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 650 0 0 AHAP Insurance 400 0 0 Alter Abadi 400 0 0 Alumindo Light Metal 175 0 1,858,000 Alumindo Perkasa 250 0 0 Aneka Kimia Raya 750 50 1,403,000 Aneka Tambang 1,125 175 15,471,000 Anwar Sierad 175 -50 75,500 Apac Centertex Corp.
Thu, 18 Dec 1997, 00:00 WIB
IDB to support Indonesian stock markets
IDB to support Indonesian stock markets JAKARTA (JP): The Islamic Development Bank (IDB) and commercial banks from some Islamic countries have committed to support Indonesia's stock markets by picking up some undervalued, but quality stocks. IDB portfolio director B.M. Qureshy, who led a group of commercial bankers from Kuwait, Qatar, Sudan, Bahrain and Malaysia on a visit here, said yesterday he believed that Indonesia's fundamentals remained strong.
Thu, 18 Dec 1997, 00:00 WIB
Australian aid for Irian Jaya
Australian aid for Irian Jaya JAYAPURA, Irian Jaya: Two twin otter planes have been assigned by the Mission Aviation Fellowship (MAF) office in Australia to assist in the airdrop of food supplies to drought-stricken areas in Jayawijaya district. The Papua New Guinea based planes flew to the affected areas yesterday, carrying 1.4 tons of rice, spokesman of the MAF office Sem Basary said as quoted by Antara. The MAF assigned two pilots, Capt. Rod William Whitte, an Australian, and Capt.
Thu, 18 Dec 1997, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Music and Entertainment * Santika Hotel, Jl. Sumatera No. 52-54, Bandung: - Pandanwangi Restaurant: Organist and Singer, Evan and Yanti, Monday, 7 p.m. to 11 p.m., Batarade (Latin Music), Tuesday, Friday, 7 p.m. to 11 p.m., Evan (Organist) and Tine (Singer), Wednesday, 7 p.m. to 11 p.m., Santika Blues Stars, Thursday, 7 p.m. to 10 p.m., Saturday Night Barbecue and Trio Mapalus (Singers), Saturday, 7 p.m. to 10 p.m. * Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No.
Thu, 18 Dec 1997, 00:00 WIB
PT KPC to go ahead with IPO next year
PT KPC to go ahead with IPO next year JAKARTA (JP): Coal mining company PT Kaltim Prima Coal (KPC), based in East Kalimantan, plans to float its shares on the Jakarta Stock Exchange in March, the company said yesterday. Company assistant to managing director Hadi S. Prayitno said KPC planned to sell 15 percent of its shares to the public at its initial public offering (IPO) next year.
Thu, 18 Dec 1997, 00:00 WIB
Rupiah's fall 'no longer economic fundamentals sign'
Rupiah's fall 'no longer economic fundamentals sign' JAKARTA (JP): The sharp drop in the rupiah against the U.S. dollar in the last three months did not reflect the country's economic fundamentals any more, according to an economist. Sri Mulyani Indrawati, an economist at the University of Indonesia, said here yesterday that the rupiah's free fall was no longer controllable as almost all segments of society rushed to buy dollars to save their assets.