Indonesian Political, Business & Finance News

Archive: 22 December 1997

47 articles found

Ronny wins Star Mild drag race

Ronny wins Star Mild drag race JAKARTA (JP): Ronny Hermawan won the FFA category of the Star Mild drag race at the Senayan East parking lot early yesterday.Ronny clocked 7.630 seconds and was followed by Herry Agung with a time of 8.350 seconds and Pratikto Singgih in 8.730 seconds.

Foreign exchange speculators

Foreign exchange speculatorsFrom Media IndonesiaThe fact that the value of the rupiah has been easily influenced by noneconomic issues serves only to confirm that the U.S. dollar money market is very much controlled by foreign exchange speculators.

Ministers to talk about smog problem

Ministers to talk about smog problem SINGAPORE (Reuters): ASEAN environment ministers will meet in Singapore this week to discuss the smog that covered much of Southeast Asia from August through October, Singapore said yesterday.

Christmas spirit at City Hall

Christmas spirit at City Hall JAKARTA (JP): The City Administration has celebrated Christmas at City Hall for its Christian employees.The event was attended Saturday by thousands of employees from the city's five mayoralties.

Sumantri survives hard life by her own devices

Sumantri survives hard life by her own devicesBy Indrawati The nation celebrates Women's Day today. Far from heated debates over how much progress women have actually made toward equality, an elderly masseuse in the elite residential area of Menteng in Central Jakarta, tells how she has managed her...

Houses destroyed by strong winds

Houses destroyed by strong winds BANDUNG, West Java: Strong winds have destroyed dozens of houses, felled hundreds of trees and cut electrical power, disrupting work in a number of industries, Antara reported.

Childrens Choir at Plaza Indonesia

Childrens Choir at Plaza Indonesia JAKARTA (JP): The Indonesian Childrens Choir is to hold a two- day performance at Lamoda Cafe in Plaza Indonesia, Central Jakarta next week, according to Nama Communications.

Teacher tried for smoking marijuana

Teacher tried for smoking marijuana JAKARTA (JP): A female gymnastics teacher was indicted Friday at Central Jakarta District Court for smoking and possessing a small amount of dried marijuana.Prosecutor DP. Siahaan said Wanda, 41, was arrested in a taxi on Jl.

Freeport has option to acquire Iriana Mutiara

Freeport has option to acquire Iriana Mutiara NEW ORLEANS (Reuters): Freeport-McMoRan Copper & Gold Inc said Friday it has a letter of intent with the owners of PT Iriana Mutiara Mining providing Freeport with an option to acquire a 90- percent ownership interest in the Indonesian company, which...

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Cartoon Film: The Big Valley 3:10 TV Drama: Ratna 3:35 Belief in God the Almighty 4:00 Regional News 4:30 Health Program: Kesehatan Keluarga 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Documentary Film 6:00 News: Lintasan Berita 6:05...

RP to beef up coast security

RP to beef up coast security MANILA (AFP): The Philippines is adding more vessels and patrol boats to beef up security along its coasts, a presidential palace statement said yesterday.Some 14 vessels worth US$39.

PNG to purchase arms from RI

PNG to purchase arms from RI KUPANG, East Nusa Tenggara: Indonesian Armed Forces Commander Gen. Feisal Tanjung said here Saturday that Papua New Guinea (PNG) is planning to purchase arms from Indonesia.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Pameran Akbar Seni Lukis '97 by Yayasan Pembela Tanah Air (YAPETA) at Diamond room, President Hotel, Jl. MH. Thamrin, Central Jakarta, until Dec. 24. * Painting Exhibition by I Made Djirna at Mon Decor Gallery, Jl. Gunung Sahari Raya No.

Residents destroy, burn food stalls

Residents destroy, burn food stalls TANGERANG (JP): About 300 angry residents of Pondok Jaya in Pondok Aren damaged and burned over the weekend a number of food stalls which they believed to have been used for prostitution and selling alcohol.

Garuda operates 55 extra flights during holidays

Garuda operates 55 extra flights during holidays JAKARTA (JP): National air carrier Garuda Indonesia will operate 55 extra flights from Jakarta to three overseas and five domestic destinations to anticipate an increase in passengers during the Christmas and New Year's holidays.

Tourism academy graduates 2,041

Tourism academy graduates 2,041 JAKARTA (JP): The privately run Trisakti Tourism Academy graduated 2,041 of its students in a ceremony Saturday at the Jakarta Convention Center.Bambang Sumarsono, coordinator of the academy, said in a statement that almost 60 percent of graduates have already been...

Gold prices ease in line with rupiah's trend

Gold prices ease in line with rupiah's trend JAKARTA (JP): Gold prices eased over the weekend after reaching a high of Rp 47,000 per gram on Wednesday as most people sold their gold to profit in the bullish market.

Tutut may get 'more important' position than VP, says scholar

Tutut may get 'more important' position than VP, says scholar JAKARTA (JP): Golkar leader Siti Hardiyanti Rukmana might have refused some people's motion to nominate her for the vice presidency, but it is likely she will gain a politically more important position, a scholar says.

Team established to probe property mismanagement

Team established to probe property mismanagement JAKARTA (JP): The city municipality in cooperation with the National Land Agency has set up a special team to probe malfeasance that has led to the "disappearance" of several city properties, according to an official.

Penney's failure blamed on inept concept

Penney's failure blamed on inept concept JAKARTA (JP): The failure of American high-end retail chain JC Penney in Indonesia was caused by an unsuitable marketing concept rather than the country's monetary crisis, an observer said.

Search efforts bear little fruit

Search efforts bear little fruit JAKARTA (JP): A minesweeper and sonar equipment will be used today to search for the submerged fuselage of the SilkAir airplane which crashed in South Sumatra, after efforts by divers over the weekend only recovered body parts and fragments from the wreckage.

Kaimoeddin extends tenure as governor

Kaimoeddin extends tenure as governor KENDARI, Southeast Sulawesi: President Soeharto has approved the extension of the tenure of the incumbent Governor of Southeast Sulawesi La Ode Kaimoeddin for another five years.

ISO 90O2 for Astra Graphia

ISO 90O2 for Astra Graphia JAKARTA (JP): Document services business group PT Astra Graphia has gained ISO 9002 certification from Lloyd's Register Quality Assurance.Astra received the certification from the accreditation institution last Thursday.

Preventing osteoporosis can be cheaper: Expert

Preventing osteoporosis can be cheaper: Expert YOGYAKARTA (JP): A health expert says women can prevent osteoporosis in ways cheaper than consuming the widely advertised calcium-rich milk products.Ahmad Husain Asdie, a professor at the Gadjah Mada University's School of Medicine, was commenting on...

Married couple found dead in car in their home

Married couple found dead in car in their home JAKARTA (JP): A man and his wife were found dead in the back seat of their BMW sedan parked inside the garage of their West Jakarta home Saturday morning.A West Jakarta police officer said that the couple -- Anwar Talib, 37, and Sriyati, 31 -- had died...

Toddler killed by his own father

Toddler killed by his own father JAKARTA (JP): A two and a half year old toddler died in Tegal, Central Java, Saturday allegedly at the hands of his depressed father, Antara reported yesterday.Drajat was found by his mother with severe stab wounds to his abdomen and was rushed to Slawi Hospital,...

Mar'ie sees rupiah fall as excessive

Mar'ie sees rupiah fall as excessive JAKARTA (JP): Minister of Finance Mar'ie Muhammad has said the rate of the rupiah depreciation against the American dollar had, thus far, been extremely excessive and in defiance of all sound economic parameters.

Police shoot dead three alleged criminals

Police shoot dead three alleged criminals JAKARTA (JP): Three alleged criminals were shot dead by police in two separate incidents yesterday. All three were trying to resist arrest, police said.The first two were shot dead on Jl. Cakung Cilincing in Bekasi at about 3 a.m.

S. Korean economy may affect Indonesia

S. Korean economy may affect Indonesia The International Monetary Fund has announced an aid package of US$55 billion to bail out South Korea's economy. Miranda S. Goeltom, deputy assistant for monetary affairs to the coordinating minister for economy and finance, discusses the possible impact on...

Woman weaves better life for fellow villagers

Woman weaves better life for fellow villagersBy Lila Djamal JAKARTA (Antara): Mountains, thunderstorms and other obstacles have not stopped Cornellia Rindung, a woven cloth entrepreneur from Pagal village, Manggarai regency in East Nusa Tenggara, from striving to improve the lives of women in her...

Expert predicts long political uncertainty

Expert predicts long political uncertainty UJUNGPANDANG, South Sulawesi (JP): Political uncertainty will continue ahead of the general session of the People's Consultative Assembly in March, a constitutional law expert predicted over the weekend.

Number of expats learning Indonesian language on the rise

Number of expats learning Indonesian language on the rise JAKARTA (JP): The number of expatriates learning Indonesian as a foreign language at the University of Indonesia's Language Program for Expatriates (BIPA) has grown by 40 percent to 530 students this year, a linguistic expert said Saturday.

On a scapegoat

On a scapegoat In reference to an article in the Dec. 17 edition of Kompas titled Jangan mencari kambing hitam (Don't look for a scapegoat), I was quite shocked that Econit director Arif Arryman did not analyze the root cause of our economic crisis.

Will we be able to cash in on the cashless society?

Will we be able to cash in on the cashless society?By Zatni Arbi JAKARTA (JP): We once talked enthusiastically about prospects for the paperless society, but it is now time to talk about the cashless society.Well, the paperless society has turned out to be an illusion.

JSX seen to remain bearish due to lack of incentives

JSX seen to remain bearish due to lack of incentives JAKARTA (JP): Trading on the Jakarta Stock Exchange (JSX) is expected to remain bearish this week due to a lack of new buying incentives.The gloomy outlook in the region's markets, combined with the negative prospect of the rupiah, would continue...

Pasaraya Manggarai expanded to 10 stories

Pasaraya Manggarai expanded to 10 stories JAKARTA (JP): Retail company ALatieF Corp has targeted a sales growth of 50 percent at its newly renovated Pasaraya Manggarai shopping center in South Jakarta next year, company president Usman Ja'far said Saturday.

Kim Dae-jung finally wins presidency

Kim Dae-jung finally wins presidency Two months ago The Jakarta Post Asia correspondent Harvey Stockwin reported that Kim Dae-jung could not be counted out in the presidential election which was then beginning (The Jakarta Post Oct. 23, 1997 "Kim leading election campaign").

IMF warns Asian crisis could deepen further

IMF warns Asian crisis could deepen further WASHINGTON (Agencies): The financial crisis in Asia could deepen and spread in the months ahead, the International Monetary Fund (IMF) warned on Saturday in a report urging developing countries to brace against the economic fallout.

Friends say Kasino was life of the party

Friends say Kasino was life of the party JAKARTA (JP): Friends who said a final goodbye Friday to comedian Kasino Hadiwibowo remembered that the laughs never stopped when he was around.Kasino, 47, died Thursday night at the Cipto Mangunkusumo Hospital (RSCM) from brain cancer.

Vietnam scheduled to discuss reforms

Vietnam scheduled to discuss reforms HANOI (AFP): The Central Committee of Vietnam's ruling Communist Party will hold a key plenum this week to discuss two crucial topics: economic reforms and the question of succession of party chief.

Pipeline seen ruining forest

Pipeline seen ruining forest BANGKOK (AFP): A crowd of 100 Thai protesters began yesterday a sit-in protest in some of the country's few remaining areas of virgin forest threatened by a pipeline planned to bring natural gas from Myanmar, an environmentalist said.

Altruism, charity alone will not eradicate poverty

Altruism, charity alone will not eradicate poverty JAKARTA (JP): Altruism and charity, as taught by religions, do not eradicate poverty and social disparity. They ease the pain but often fail to touch the source, a scholar said.

Thai rice exports boom

Thai rice exports boom BANGKOK (AFP): Thailand is expecting rice exports next year to reach record levels because of poor weather in other producing countries and the weakening baht, reports said Saturday.

Harmoko calls for modest lifestyle during crisis

Harmoko calls for modest lifestyle during crisis JAKARTA (JP): Golkar chairman Harmoko again called for public austerity to cope with the monetary crisis, saying that to do so would be an act of nationalism.

THAI to delay privatization

THAI to delay privatization BANGKOK (AFP): Thai Airways International (THAI) executives want to delay the privatization slated for next June even though it is a condition of Thailand's IMF bailout, the Bangkok Post reported Saturday.

Torajans pray for Soeharto

Torajans pray for Soeharto UJUNGPANDANG, South Sulawesi: About 10,000 members of the Toraja ethnic group have held an early Christmas celebration, which they marked with a prayer for President Soeharto's health.Antara reported that Reverend A.J.

Newcrest spends US$40.4m for exploration

Newcrest spends US$40.4m for exploration JAKARTA (JP): The Indonesian subsidiaries of Australia's Newcrest Mining Ltd. has spent US$40.4 million to survey and explore gold resources across the country, a company official said over the weekend.