Archive: 23 December 1997
61 articles found
Tue, 23 Dec 1997, 00:00 WIB
Golkar steadfast in nomination of Soeharto
Golkar steadfast in nomination of Soeharto JAKARTA (JP): Golkar chairman Harmoko said yesterday the dominant political group would not have any second thoughts about nominating President Soeharto to his seventh consecutive term. Harmoko, who is also chairman of the House of Representatives (DPR) and the People's Consultative Assembly (MPR) in charge of electing a president and vice president next March, said Golkar is committed to nominating the incumbent in the election.
Tue, 23 Dec 1997, 00:00 WIB
Vietnam-RI tax treaty
Vietnam-RI tax treaty HANOI (AFP): Vietnam and Indonesia were scheduled to sign a treaty on the avoidance of double taxation late yesterday, a source from the Indonesian Embassy said. Indonesian Ambassador Mohammad Ma'Ruf and Vietnamese Finance Minister Nguyen Sinh Hung would sign the accord which included personal income tax, profit tax and profit remittance tax.
Tue, 23 Dec 1997, 00:00 WIB
Why RI sees double on IMF
Why RI sees double on IMF By Gerry van Klinken TARINGA, Australia (JP): Opinions expressed about the IMF on the Internet version of many Indonesian newspapers over the past several months fell into two broad groups. The first group was rather skeptical of IMF efforts to save the Indonesian economy from the crisis that began with the currency slide several months ago. The statements of this group came as no great surprise to me.
Tue, 23 Dec 1997, 00:00 WIB
ICMI to avoid debate on president, VP
ICMI to avoid debate on president, VP JAKARTA (JP): More than 300 members of the influential Association of Indonesian Moslem Intellectuals (ICMI) will gather in Bogor, West Java for an annual congress this week, but they will shun discourse on presidential and vice presidential candidates.
Tue, 23 Dec 1997, 00:00 WIB
Canadian Paul wins Super Car series
Canadian Paul wins Super Car series JAKARTA (JP): Robert J. Paul of Canada lived up to his favorite billing and won the national Super Car race series at Sentul, near Bogor, Sunday despite only coming second on the day. Paul, an oil company consultant based in Jakarta, ended with 82 points. He was followed by Indra Saksono on 77 points and Chandra Alim with 69 points. The Super Car race was the fifth and final leg of the Super Car race series.
Tue, 23 Dec 1997, 00:00 WIB
Women's Day program disrupted
Women's Day program disrupted SURABAYA (JP): Megawati Sukarnoputri, ousted chairwoman of the Indonesian Democratic Party (PDI), deplored yesterday violent police action in dispersing a meeting of her supporters to commemorate Women's Day Sunday in Pasuruan, East Java. Megawati said she could not understand why police prohibited people gathering for peaceful purposes. "Security forces always suspect my visit to any region is an effort to create upheaval.
Tue, 23 Dec 1997, 00:00 WIB
Indonesian pop music out of tune with creativity
Indonesian pop music out of tune with creativity By Helly Minarti JAKARTA (JP): On the surface, the past year in Indonesian pop music has yielded hints of promising prospects for young musicians, many of whom have achieved dreams of having their creations recorded. Their teenybopper fan followings holler and whoop on glitzy tours across the country. Soon, popularity is at hand, and they are sharing the stage with a MTV VJ to signal their arrival on the big music scene.
Tue, 23 Dec 1997, 00:00 WIB
Two detained for 'provoking riot'
Two detained for 'provoking riot' JAKARTA (JP): Two men have been detained for their alleged involvement in a riot Sunday in Duren Sawit, East Jakarta, where a house, an office, several stalls, five cars and a motorcycle were damaged. East Jakarta Police chief Lt. Col. Syahrir Kuba said yesterday that the two men, identified only as Al and D, were arrested for allegedly provoking a crowd of residents.
Tue, 23 Dec 1997, 00:00 WIB
Kim supports IMF term
Kim supports IMF term SEOUL (Reuters): South Korea's president-elect Kim Dae-jung yesterday reassured the United States of his commitment to the terms and conditions of the International Monetary Fund (IMF) aid package, an official at Kim's party said. Kim also asked the United States to support South Korea's efforts to overcome the economic crisis, said vice-spokesman Yoon Ho-jung of the National Congress for New Politics Party. Kim made the comments to the U.S.
Tue, 23 Dec 1997, 00:00 WIB
Businessman gets 4 years for stealing designer watches
Businessman gets 4 years for stealing designer watches JAKARTA (JP): Central Jakarta District Court sentenced a businessman to four years in jail yesterday for masterminding the theft of 51 designer watches worth Rp 3.9 billion (US$780,000). Presiding judge Asmar Ismail said Edi Cai Nam Sui -- alias Buci or Andi Wijaya Gunawan -- plotted with his accomplices to steal watches from Sarida International Watch Store in Ratu Plaza, Central Jakarta, on April 5, 1995. Asmar said Edi, of Jl.
Tue, 23 Dec 1997, 00:00 WIB
Currency and tax factors key in Asian palm oil market
Currency and tax factors key in Asian palm oil market KUALA LUMPUR (Reuters): Malaysia's palm oil market will be dominated by the performance of the ringgit again this week, while the Indonesian market is likely to see less business because of an unpopular tax. Traders in Asia's two main palm oil producing countries said last week that there were insufficient factors to boost prices of the commodity, other than speculation.
Tue, 23 Dec 1997, 00:00 WIB
New Year's a quiet affair in Yogyakarta
New Year's a quiet affair in Yogyakarta YOGYAKARTA: Governor Paku Alam VIII has ordered hotels not to serve guests alcohol during New Year's Eve celebrations, Antara reported yesterday. Supermarkets and stores are prohibited from selling alcohol one day before and one day after the New Year, the governor added in his instruction on New Year celebrations. He also said entertainment should be religious in nature to comply with the Islamic fasting month.
Tue, 23 Dec 1997, 00:00 WIB
Boom and bust in Indonesian stock market
Boom and bust in Indonesian stock market By David Chang JAKARTA (JP): This will be a landmark year in Indonesian history -- remembered as a year of boom and bust. The new and fast-growing class of affluent Indonesians, created out of a euphoric and vibrant economy that lasted through the first semester of 1997, has been reduced to destitution even before the year was over.
Tue, 23 Dec 1997, 00:00 WIB
Hyundai Motor shelves auto project in RI
Hyundai Motor shelves auto project in RI SEOUL (AFP): South Korea's largest automaker, Hyundai Motor Co., yesterday shelved a major joint-venture in Indonesia "temporarily," citing financing problems, and said it may have to pull out altogether. "We have decided to shelve the 400 million dollar project in Indonesia because of high investment costs," said a spokesman for the company.
Tue, 23 Dec 1997, 00:00 WIB
Pertamina to contruct 52 gas filling stations
Pertamina to contruct 52 gas filling stations JAKARTA (JP): The state-owned oil and gas company Pertamina plans to set up 52 gas filling stations across the country in the next two years, the company said. Pertamina president Faisal Abda'oe said the company was building 20 gas filling stations during the current 1997/1998 fiscal year and would build another 32 stations in 1998/1999. He did not mention the locations of the gas stations.
Tue, 23 Dec 1997, 00:00 WIB
Rates for tax payment
Rates for tax payment JAKARTA (JP): The Ministry of Finance announced yesterday new official conversion rates as the basis for payment of import duty, value added tax on goods and services, sales tax on luxury goods, export tax and income tax. The new conversion rates will be valid for one week from Dec. 22 to Dec. 28.
Tue, 23 Dec 1997, 00:00 WIB
Spiker stabbed after winning match
Spiker stabbed after winning match JAKARTA (JP): Players from a rival team allegedly stabbed to death a 25-year-old man after a volleyball match Sunday in Bekasi, the victim's brother claimed. Forensic doctors at Cipto Mangunkusumo General Hospital in Central Jakarta said that the victim, Basiran, bled to death from two stab wounds in his thigh and abdomen. His brother, Eddy, said Basiran arrived here from Bengkulu in Southern Sumatra about a week ago to look for a job.
Tue, 23 Dec 1997, 00:00 WIB
Indonesia's forex ceilings downgraded
Indonesia's forex ceilings downgraded HONG KONG (Reuters): Moody's Investors Service said it has downgraded Indonesia's foreign currency ceiling for bonds to Ba1 from Baa3 and that of its bank deposits to Ba3 from Ba1. In a statement yesterday, the rating agency said the downgrade reflected "the deterioration in the country's financial position as a result of a more than 50 percent drop in the value of the rupiah and a loss of investor confidence".
Tue, 23 Dec 1997, 00:00 WIB
Conversion rates
Conversion rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec.
Tue, 23 Dec 1997, 00:00 WIB
Forest fires could be repeated: ICEL
Forest fires could be repeated: ICEL JAKARTA (JP): The Indonesian Center for Environmental Law (ICEL) warned yesterday of a repeat of this year's major forest fires next year unless the government takes stronger indiscriminative legal action against forest burners. ICEL's executive director Mas Achmad Santosa told journalists that the government should send a "deterrent message" to the perpetrators of this year's disaster.
Tue, 23 Dec 1997, 00:00 WIB
Indonesian economy to face another blue year
Indonesian economy to face another blue year By Goei Siauw Hong JAKARTA (JP): After a strong performance in the first half of 1997, the market faces a significant decline due to the regional currency crisis. Starting with the devaluation of the Thai baht, the currency crisis spread across Southeast Asia and to South Korea. The devaluation of the Thai baht resulted in a series of devaluations, which also affected the rupiah.
Tue, 23 Dec 1997, 00:00 WIB
Moslem entrepreneurs launch institute
Moslem entrepreneurs launch institute CIANJUR, West Java: The Southeast Asian Moslem Entrepreneurs Cooperation Institute (SEAMECO) was launched here over the weekend by several Moslem businessmen from countries in the region, Antara reported yesterday. Executive director of SEAMECO, Mahd. Hatta bin H Zainal Abidin of Brunei Darussalam, said the institute was created to help prepare Moslem entrepreneurs in Southeast Asia to deal with the challenges in the liberalized trade era.
Tue, 23 Dec 1997, 00:00 WIB
Five students drown at sea
Five students drown at sea BANDA ACEH, Aceh: Five students drowned Sunday after they entered a no-swimming area at the Cemara beach resort in Lhoknga, Aceh Besar regency, 17 kilometers from here, Antara reported. Four of the female students were sisters and cousins from Pekan Bada district. They were Jasmati, 17, Jasmalinda, 16, Lisa, 17, and Linda, 17. The other student was Rizal, a resident of Neusu Jaya village, Baiturrahman district in Banda Aceh.
Tue, 23 Dec 1997, 00:00 WIB
Toyota set to help motorists
Toyota set to help motorists JAKARTA (JP): PT Toyota Astra is to set up 21 emergency service posts in Java and Bali to repair cars that break down during the Christmas and New Year exodus, a company executive said over the weekend. The posts will start opening tomorrow and will remain operational until Jan 4. to repair vehicles, especially Toyota models, Lia Santoso from the firm's marketing and public relations department said.
Tue, 23 Dec 1997, 00:00 WIB
Govt may only provide half of the Asiad budget
Govt may only provide half of the Asiad budget JAKARTA (JP): State Minister of Youth Affairs and Sports Hayono Isman said yesterday that the government might only be able to provide half of the money needed to fund the 13th Asian Games team from the 1998/1999 State Budget.
Tue, 23 Dec 1997, 00:00 WIB
The fate of our workers
The fate of our workers As is well enough known the present monetary upheaval has had wide implications. All kinds of projects have had to be terminated, causing an increase in unemployment. Unless something is done to alleviate this trend, its negative impact will eventually affect the social, economic, political and security situation in this country.
Tue, 23 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: The Big Valley 3:10 Teenager's Program: Remaja Indonesia 3:35 Development Program: Hamkamnas 4:00 Regional News 4:30 Teenager's Drama: Kabar Terakhir dari Sanggar 5:00 English Lessons 5:30 Documentary Film 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:45 TVRI News 7:00 Evening News 7:35 Talk Show: Wawasan 8:00 News: Lintasan Berita 8:05 Music: Orkes Symphoni 9:00 World News 9:30 Comedy: Gonjang-Ganjing...
Tue, 23 Dec 1997, 00:00 WIB
Soeharto dismisses four BI directors
Soeharto dismisses four BI directors JAKARTA (JP): President Soeharto dismissed four Bank Indonesia directors and replaced them with two outsiders and two others from the central bank, according to a presidential decree issued yesterday. Presidential Decree No. 352/M 1997, dated Dec.
Tue, 23 Dec 1997, 00:00 WIB
Chamber music hits right note in busy '97
Chamber music hits right note in busy '97 By Gus Kairupan JAKARTA (JP): The classical music scene -- what was it like this past year? Quiet it wasn't. In fact, "busy" would be the appropriate word to describe it, though that doesn't necessarily translate into quality, does it? Where that is concerned we still have a long, long way to go before we reach such a level and whether we will ever get there is still the $1 million question. And the answer or answers?
Tue, 23 Dec 1997, 00:00 WIB
Slower U.S. economic growth to take toll on greenback
Slower U.S. economic growth to take toll on greenback LONDON (Reuters): Slower growth in the U.S. and recovering European economies will take the steam out of a two-year uptrend in the dollar next year, currency analysts say. The weakness of the Japanese economy and the negative impact of Southeast Asian currency devaluations will allow the dollar to notch up more gains against the yen. However, in the second half analysts expect the yen to recover as Japan comes out of the doldrums.
Tue, 23 Dec 1997, 00:00 WIB
Rumors aim 'to topple government'
Rumors aim 'to topple government' JAKARTA (JP): President Soeharto said yesterday rumors that his health was failing, he was dead, or that the Armed Forces were planning a coup, were aimed at destabilizing the economy and toppling the government. The President accused "certain groups" of attempting to create monetary chaos so as to create a lack of confidence in the government as a part of their political strategy.
Tue, 23 Dec 1997, 00:00 WIB
Australia's immigration issue
Australia's immigration issue I appreciate your publication of a report on Dec. 9 regarding the Jakarta leg of Australian federal Parliamentarian Mr. Graeme Campbell's goodwill mission around Southeast Asia, on which I accompanied him. The mission's goal was to more accurately inform regional governments and the media about the immigration/race debate in Australia. The article you published was more balanced than many of the sensationalized reports about the Hanson phenomenon in Australia.
Tue, 23 Dec 1997, 00:00 WIB
Rupiah's meltdown brings about economic hardship
Rupiah's meltdown brings about economic hardship By Riyadi JAKARTA (JP): Economic recession and stagflation are looming in the wake of the rupiah's meltdown. After experiencing a high growth of over 6 percent per annum for more than 25 years, Indonesia's economy is projected to slump over the next two years. Economic growth will slow down drastically to below 5 percent next year due to dwindling domestic demand, while inflation rates are likely to rise significantly.
Tue, 23 Dec 1997, 00:00 WIB
Poet expresses Islamic views in painting expo
Poet expresses Islamic views in painting expo By Yogita Tahil Ramani JAKARTA (JP): In one section of a hall, frames of 99 painstakingly inscripted Islamic definitions of the Almighty stare out, seemingly woven into colors on paper. The Arabic, etched with gold and silver marker, is pronounced and unmarred on dried, mud-brown cigarette ash.
Tue, 23 Dec 1997, 00:00 WIB
Asian currencies down in thin trading
Asian currencies down in thin trading SINGAPORE (Reuters): Asian currencies were mostly weaker in thin pre-holiday trade yesterday after Moody's Investors Service downgraded the sovereign debt of four countries -- three of them to junk bond status. Moody's said it had downgraded the foreign currency ceiling for bonds and bank deposits of Indonesia, Malaysia and South Korea in view of Asia's continuing financial woes.
Tue, 23 Dec 1997, 00:00 WIB
Production drop forces Bulog to import rice
Production drop forces Bulog to import rice JAKARTA (JP): The decrease in the country's rice production had forced the State Logistics Agency (Bulog) to import 100,000 tons of husked rice this year and would require more to be bought next year, Bulog's chairman Beddu Amang said yesterday. Beddu was quoted by Antara news agency as saying that around 50,000 tons of imported rice had arrived, and another 50,000 tons was expected to arrive later this month.
Tue, 23 Dec 1997, 00:00 WIB
Six killed in restaurant fire
Six killed in restaurant fire BANDUNG (JP): Sukamto, alias Hans, a seafood restaurant owner, died here yesterday morning with five of his employees in a fire that gutted his restaurant on Jl. Setiabudi. Another worker, Suyatno, saved himself by running out through the fire which is believed to have been started by an exploding kerosene stove. Suyatno, 20, is in the Hasan Sadikin Hospital intensive care unit. The bodies of the six are in the morgue awaiting postmortem examination.
Tue, 23 Dec 1997, 00:00 WIB
How to overcome rupiah's weakness
How to overcome rupiah's weakness From Media Indonesia What are the causes of the rupiah's weak position? The answers are so varied that it is very difficult for the monetary authorities to arrive at a diagnosis which would permit them to make a decision. One of the causes of the weakness is the attitude of capitalists whose nationalism is fading. They only think of personal gains without considering the impact on the country's economy.
Tue, 23 Dec 1997, 00:00 WIB
Train kills five in Vietnam
Train kills five in Vietnam HANOI (AP): A speeding train slammed into a passenger bus in central Vietnam, killing five people and wounding ten others, police reported yesterday. The bus in Binh Dinh province, about 200 kilometers south of the central city of Danang, was passing over a rail crossing Sunday when the train hit the vehicle broadside.
Tue, 23 Dec 1997, 00:00 WIB
Logistics body told to open rice outlets in markets
Logistics body told to open rice outlets in markets JAKARTA (JP): City councilors urged the local logistic agency (Dolog Jaya) yesterday to open temporary rice outlets in 24 markets to control rising prices. Councilors Djafar Badjeber and Suryo Susilo said yesterday that market crackdowns were not enough to control manipulative action by speculators in the markets.
Tue, 23 Dec 1997, 00:00 WIB
TV surprises in order for those staying home
TV surprises in order for those staying home JAKARTA (JP): For those still suffering the aftershock over the cancellation of party-till-two New Year's festivities (in view of Ramadhan) try not to lose heart. One can still enjoy on-the-couch parties with the likes of Andy Garcia, Elizabeth Taylor and, of course, Santa Claus. TV program agendas confirm rock-around-the-clock shows beginning the third week of December.
Tue, 23 Dec 1997, 00:00 WIB
Former legislator's trial postponed
Former legislator's trial postponed JAKARTA (JP): The South Jakarta District Court postponed yesterday the first hearing of the subversion trial of former legislator Sri Bintang Pamungkas following a fierce argument between the defendant and the prosecution. The trial was adjourned until next week after Bintang argued that neither he nor his lawyers had received the prosecution's dossier on him prior to yesterday's hearing.
Tue, 23 Dec 1997, 00:00 WIB
Man arrested with heroin
Man arrested with heroin JAKARTA (JP): Police arrested a man in front of the Golden Truly department store on Jl. Tendean in South Jakarta for allegedly possessing 250 grams of heroin. City police spokesman Lt. Col. E. Aritonang said yesterday the suspect, identified as Eli Puka Purba, 34, was arrested about 9 p.m. Saturday during a South Jakarta Police operation. "His car and other vehicles which passed along the street were stopped by officers during the operation.
Tue, 23 Dec 1997, 00:00 WIB
Alleged serial killer's begins in N. Sumatra
Alleged serial killer's begins in N. Sumatra MEDAN, North Sumatra (JP): The Lubuk Pakam District Court in Deli Serdang regency began the trial yesterday of a shaman charged with the murders of 42 women. Achmad Suraji, who was well-known in his area for his claim to be able to performing spiritual healing and pass on good fortune, told police he killed the women in black magic rituals. One of his three wives, Tumini, is charged with being an accomplice to the murders.
Tue, 23 Dec 1997, 00:00 WIB
Sense and sensitivity
Sense and sensitivity In facing the current monetary turmoil, the governments of Malaysia and Thailand have cut the salaries of their senior officials as an austerity measure and expression of solidarity with those hardest hit by the economic chaos. Kuala Lumpur, which has not been affected by the crisis as badly as Thailand and Indonesia, was the first to take the exemplary step by cutting 10 percent off the salaries of its prime minister, his deputy, cabinet ministers and their deputies.
Tue, 23 Dec 1997, 00:00 WIB
Building houses in outskirt urged
Building houses in outskirt urged TANGERANG (JP): State Minister of Public Housing Akbar Tandjung encouraged private developers yesterday to build houses on the outskirts of the city due to a shortage of inner-city land. Akbar said houses, especially small ones, could no longer be built within the 65,000-hectare city, which is home to 10 million people.
Tue, 23 Dec 1997, 00:00 WIB
Pierre Cardin in Vietnam
Pierre Cardin in Vietnam HANOI (AFP): French fashion retailer Pierre Cardin has found a new Vietnamese firm to manufacture and distribute its brand, after a bitter dispute with its previous partner over fakes, an official said yesterday. An Phuoc company, a private garment manufacturer in Ho Chi Minh City, obtained an exclusive license to produce and distribute Pierre Cardin garments in Indochina including Vietnam, Laos and Cambodia, the company official said.
Tue, 23 Dec 1997, 00:00 WIB
Task force formed to help businesses
Task force formed to help businesses JAKARTA (JP): President Soeharto set up a special task force of three businessmen yesterday to represent the private sector in consultations with the government about ways of coping with the current economic crisis.
Tue, 23 Dec 1997, 00:00 WIB
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. 1, Blok B.13-14, Central Jakarta, 10 a.m. to 8 p.m., until Dec. 24. * Photo Exhibition: Kilas Balik 97, at Galeri Foto Jurnalistik Antara, Jl. Antara No.
Tue, 23 Dec 1997, 00:00 WIB
Moody's downgrades four country
Moody's downgrades four country HONG KONG (AFP): Moody's Investors Service said yesterday it had downgraded the foreign currency credit ratings of Indonesia, Malaysia, South Korea and Thailand in a fresh blow to the struggling Asian economies. "The East Asian financial crisis has exposed the vulnerability to changes in market confidence of a number of countries that had built up high levels of short-term liabilities," Moody's said in a statement released here.
Tue, 23 Dec 1997, 00:00 WIB
Bakrie & Brothers delays $2b in projects
Bakrie & Brothers delays $2b in projects JAKARTA (JP): Publicly listed PT Bakrie & Brothers, one of Bakrie Group's three holding companies, said yesterday the country's financial turmoil had prompted the company to delay or review expansion projects worth US$2 billion. Bakrie & Brothers chief commissioner Indra U. Bakrie said the company decided to postpone its steel plant, paraxyline and cement projects to cope with rising costs stemmed from the currency crisis.
Tue, 23 Dec 1997, 00:00 WIB
Rescue workers search for clues to crash
Rescue workers search for clues to crash By Budiman Moerdijat PALEMBANG, South Sumatra (JP): Indonesian and Singaporean minesweepers began combing the waters around the Musi River estuary yesterday in an attempt to locate the main fuselage of the SilkAir plane which crashed Friday. Col. Nuranto, commander of the Palembang naval base, said KRI Fatahillah, an Indonesian antisubmarine ship, conducted sonar detection operations for about an hour yesterday afternoon.
Tue, 23 Dec 1997, 00:00 WIB
The President's dedication
The President's dedication The economy of Indonesia is in a free-fall. Each day more and more Indonesians lose their jobs. Each day essential commodity prices go higher and higher while the rupiah drops lower and lower. The President at last appears in photos, looking too weakened by age, by work, by discouragement and loneliness to work on the nation's business. We read that instead he spent his Sunday inspecting his favorite Harley Davidson motorcycle and enjoying the words of his parrot.
Tue, 23 Dec 1997, 00:00 WIB
S. Korea cancels gas deals with RI
S. Korea cancels gas deals with RI NICOSIA (Reuters): South Korea's economic crisis has forced Korea Gas Corp (KOGAS) to cancel gas supply deals from the United Arab Emirates and Indonesia, the Middle East Economic Survey (MEES) newsletter reported yesterday. KOGAS earlier this year signed a letter of intent with the Gulf state's Abu Dhabi Gas Liquefaction Company (ADGAS) for the delivery of some 2.3 million tons of UAE liquefied natural gas (LNG) over the next three years.
Tue, 23 Dec 1997, 00:00 WIB
Governor Palaguna wins another term
Governor Palaguna wins another term UJUNGPANDANG, South Sulawesi: Incumbent Maj. Gen. (ret) H.Z.B. Palaguna won the majority of votes in the governor election at the provincial legislative council here yesterday. If approved by President Soeharto, he will serve another term beginning next year to 2003. Palaguna's current term will expire on Jan. 19, 1998, and he will be sworn in for his second term the following day. Palaguna won 33 votes, while his competitors H.
Tue, 23 Dec 1997, 00:00 WIB
Rupiah and stock prices gain ground
Rupiah and stock prices gain ground JAKARTA (JP): The rupiah and stock prices gained ground in thin trading yesterday, with most investors on the sidelines. Currency dealers said the spot rupiah ended at 5,050/5,250 at the close yesterday against an opening of 5,150/5,250 in the morning session. Dealers said most players shrugged off the news of Moody's downgrading of ratings on Indonesian foreign exchange ceilings and long-term deposits and debts of several Indonesian banks.
Tue, 23 Dec 1997, 00:00 WIB
Experts join call for greater govt transparency
Experts join call for greater govt transparency JAKARTA (JP): The government is bracing itself for the New Year with mounting pressure for greater transparency in tackling the economic crisis. Jusuf Wanandi, Johanes Kristiadi and Mari Pangestu, all from the Centre for Strategic and International Studies (CSIS), concluded that transparent policies would restore the public faith in the government's economic rescue programs.
Tue, 23 Dec 1997, 00:00 WIB
A night with Kris
A night with Kris JAKARTA (JP): Pop singer-cum-model Kris Dayanti will perform at Fashion Cafe on Thursday, singing her hits and giving a sneak preview of her next album which will be launched next year. Kris will be accompanied by the Audiensi Band. Several other guest stars would also contribute to "An evening with Krisdayanti", Fashion Cafe said yesterday. Kris will be donning haute couture from the collection of the late Gianni Versace.
Tue, 23 Dec 1997, 00:00 WIB
Navy cadets sail to Australia
Navy cadets sail to Australia SURABAYA, East Java: Eighty cadets of the Navy Academy (AAL) were farewelled by AAL Governor Maj. Gen. Sudarsono Kasdi for a sailing trip to Australia aboard the K.M. Dewa Ruci training ship in a program called "Kartika Jala Krida 1998" in a ceremony here Sunday. The program, led by Lt. Col. Bambang Harjanto, will last for three months and cover 9,408 nautical miles. "The program will be good practice.
Tue, 23 Dec 1997, 00:00 WIB
Fewer Indonesians study in Germany
Fewer Indonesians study in Germany SEMARANG, Central Java: Fewer Indonesian students are studying in Germany, causing concern on the part of the German government, State Minister of Research and Technology B.J. Habibie said here Saturday. Habibie, a German university graduate, said that costs and language were the two barriers facing Indonesian students who wished to study there, reported Antara. He said many Indonesian students did not know German because they only learned English at schools.
Tue, 23 Dec 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 22, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 650 0 0 AHAP Insurance 400 0 0 Alter Abadi 425 25 2,000 Alumindo Light Metal 250 50 2,516,500 Alumindo Perkasa 250 0 0 Aneka Kimia Raya 750 25 708,000 Aneka Tambang 1,350 125 7,728,000 Anwar Sierad 225 0 122,500 Apac Centertex Corp.