Indonesian Political, Business & Finance News

Archive: 24 December 1997

68 articles found

Yogie swears in La Ode Kaimoeddin

Yogie swears in La Ode Kaimoeddin KENDARI, Southeast Sulawesi: Minister of Home Affairs Moch. Yogie S.M. swore in La Ode Kaimoeddin yesterday as the province's governor for his second five-year term."As a governor, you must act as a model and a pillar for society and the central government," Antara...

Doctors take blood from seven women for DNA testing

Doctors take blood from seven women for DNA testing JAKARTA (JP): Forensic experts from Cipto Mangunkusumo General Hospital have taken blood samples to test the DNA of at least seven women believed to have undergone abortions.

Megawati urges political reform

Megawati urges political reform JAKARTA (JP): Ousted chief of the Indonesian Democratic Party (PDI) Megawati Soekarnoputri commemorated the fourth anniversary of her leadership yesterday, calling for immediate political reform.

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, Wednesday, 7 p.m. to 11 p.m., Santika Blues Stars, Thursday, 7 p.m. to 10 p.m.

Policemen punished for various crimes

Policemen punished for various crimes MANADO, North Sulawesi: At least 58 policemen, including four officers, have been punished for various crimes in the province this year alone, chief of the North Sulawesi police Col. St. Marsono said yesterday.

Bimantara-Hyundai project shelved

Bimantara-Hyundai project shelved JAKARTA (JP): PT Bimantara Citra Mobil Nasional said yesterday the decision to shelve its joint project with South Korea's Hyundai Motor Co was made due to the government's plan to remove tax incentives given to the country's car industry.

Don't be pessimistic about ailing corruption: Minister

Don't be pessimistic about ailing corruption: Minister BOGOR, West Java (JP): State Minister of National Development Planning, Ginandjar Kartasasmita, told the nation yesterday not to be despondent about allegations of rampant corruption in the government as it was still a curative ailment.

Jakarta's mean streets dish up more grizzly crimes

Jakarta's mean streets dish up more grizzly crimesBy K. Basrie JAKARTA (JP): In terms of crime, this year was kicked off with a street clash on Jan. 9 between two hoodlum gangs in Tanah Abang with members brandishing samurai and machetes to settle a disputed over "business territory".

No Paper

No Paper In observance of Christmas, The Jakarta Post will not appear tomorrow. The Post will resume publication Friday. We wish our readers a Merry Christmas. -- Publisher

Observing Christmas far from home's hearth

Observing Christmas far from home's hearthBy Lila Fitri Aly JAKARTA (JP): That humble soybean curd, tempeh, dressed up for Christmas dinner?!It is a vegetarian dish, along with gado-gado, which might turn up at the family gathering of Margaret Renault, head of AusAid at the Australian embassy.

Bali Golf and Country Club a unique setup

Bali Golf and Country Club a unique setupBy Lukman Natanagara NUSA DUA, Bali (JP): If you are looking for a place in Nusa Dua where you can play golf and stay a night or two in luxury within putting distance of the course, you would do well to try the Bali Golf and Country Club (BGCC).

Rupiah weakens as stock prices gain ground

Rupiah weakens as stock prices gain ground JAKARTA (JP): The rupiah weakened against the U.S. dollar yesterday as stock prices on the Jakarta Stock Exchange (JSX) rose 2.9 percent."Yesterday (Monday), the rupiah resisted regional weaknesses. But today (yesterday) it didn't.

People 'to decide on Soeharto's renomination'

People 'to decide on Soeharto's renomination' BOGOR, West Java (JP): Golkar patron B.J. Habibie said yesterday only the people have a final say on whether incumbent President Soeharto should be renominated for another term of office next year.

Making a small step

Making a small step If we look at this economic crisis, fundamentally it is about the rupiah's integrity as a currency. It only takes one rumor for the rupiah to take another dive. It is sitting on thin ice. Plainly said, people have lost their trust in the rupiah as a currency.

Touching message

Touching message I would like to comment on the recent colorful advertisement by the mobile phone maker NOKIA. This ad has appeared in The Jakarta Post a couple of times this week.For a product as mundane as a cellular phone but slightly curve-shaped for convenient handling, NOKIA has created a...

Students reject Soeharto's renomination

Students reject Soeharto's renomination JAKARTA (JP): Thousands of Gadjah Mada University students have rejected the renomination of President Soeharto for the 1998/2003 presidency.A total 7,940 students, or 82.

Hoodlums targeted as city wipes its slate clean

Hoodlums targeted as city wipes its slate cleanBy Edith Hartanto JAKARTA (JP): Throughout 1997 the city administration has conducted 124 cleanup operations targeting illegal slum dwellers, hoodlums and "jockeys" (who hitch a ride for a fee so motorists can enter restricted traffic zones).

Singapore firm fined for bribery

Singapore firm fined for bribery SINGAPORE (AFP): Singapore conglomerate Keppel Corp has admitted giving bribes totaling S$8.53 million (US$5.33 million) to a manager in a British subsidiary of U.S. oil giant Exxon Corp., a report said yesterday.

1997 a bad trip for drug sugglers and users

1997 a bad trip for drug sugglers and usersBy Christiani Tumelap JAKARTA (JP): At least 157 people -- including 24 foreigners -- have been arrested this year for their alleged role in drug smuggling, dealing or using in the city.

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, Dec. 24. * Painting Exhibition by I Made Djirna at Mon Decor Gallery, Jl. Gunung Sahari Raya No. 1, Blok B.

Hemlines? It's the bottom line that counts in 1997

Hemlines? It's the bottom line that counts in 1997By Dini S. Djalal JAKARTA (JP): Devaluation, bankruptcies, layoffs and investor flight; it's a strange time to be talking about clothes.But for a microcosm of the economic crisis afflicting the nation, Indonesia's fashion industry is a perfect model.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 23, 1997: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 700 50 12,500 AHAP Insurance 450 50 2,500 Alter Abadi 450 25 1,000 Alumindo Light Metal 225 -25...

City planning full of inconsistencies

City planning full of inconsistenciesBy Edith Hartanto and Hyginus Hardoyo JAKARTA (JP): Life in Jakarta is a matter of survival.Besides being forced to struggle for everyday needs, including food and clothing, people have to be clever enough to choose strategic plots of land either for residences...

Let us move back: Senen bag vendors

Let us move back: Senen bag vendors JAKARTA (JP): Fifty bag traders from Senen market in Central Jakarta who were recently moved to the market's second floor have asked the city to let them temporarily move back to the parking lot.

Government warns 15 publications

Government warns 15 publications JAKARTA (JP): The Ministry of Information recently reprimanded 15 publications for either administrative violations or contents which broke certain norms, but vowed there would be no press ban.

Cruelty to elephants

Cruelty to elephants I refer to your Sunday, Nov. 23 article in the "Leisure" section about the plight of helpless elephants (Exploring the forest on elephant back in Way Kambas).I found the article horrendous and cannot believe you allowed it to go to press.

Death penalties hottest trial news from Jakarta's courtrooms

Death penalties hottest trial news from Jakarta's courtroomsBy Ahmad Junaidi JAKARTA (JP): Trials in the city were marked this year by court decisions giving the death sentence to two defendants for committing murders.

Retailers face unpredictable future

Retailers face unpredictable future JAKARTA (JP): The Association of Indonesian Retailers (Aprindo) said yesterday the country's retailers could record high sales this year despite the economic turmoil, but the association still anticipated an unpredictable outlook next year.

S. Korea's foreign debt totals more than $200b

S. Korea's foreign debt totals more than $200b SEOUL (AFP): Fears of possible debt defaults intensified in South Korea yesterday as the government made the shock admission that the country's total foreign debt was more than US$200 billion -- twice the amount presumed earlier.

U.S. agency downgrades Malaysian currency rating

U.S. agency downgrades Malaysian currency rating KUALA LUMPUR (AFP): U.S. ratings agency Standard and Poor's on yesterday lowered Malaysia's foreign and local currency credit ratings in an action reflecting the country's cloudy economic outlook.

SMUN 70 high school wins four theater awards

SMUN 70 high school wins four theater awards JAKARTA (JP): State-run senior high school SMUN 70 bagged four awards Saturday at the eighth annual Jakarta Theater Festival, while senior high schools SMUN 26 and SMUN 48 each received three awards.

Questioning of key abortion suspect to resume

Questioning of key abortion suspect to resume JAKARTA (JP): Police resumed questioning yesterday the suspect in the controversial abortion practices probe who attempted to commit suicide.City Police chief Maj. Gen.

The spirit of Christmas

The spirit of Christmas Christians in Indonesia will celebrate the birth of Jesus Christ this evening under decidedly different circumstances from those that usually prevail around this time of year. Although the holiday spirit was present as people thronged to shopping malls throughout Jakarta in...

Drought gives way to floods

Drought gives way to floods SEMARANG, Central Java: This year's long drought has ended in many provinces and reports on forest fires were slowly being replaced by reports of floods.But in Semarang, Antara reported yesterday, smoke was still spreading across the regency from a fire that razed the...

National human rights promotion drive planned

National human rights promotion drive planned JAKARTA (JP): The government will launch a national drive to promote human rights protection next year as part of the commemoration of the 50th anniversary of the United Nations (UN) Declaration on Human Rights.

Price of ammo, guns hindering training: Sutiyoso

Price of ammo, guns hindering training: Sutiyoso JAKARTA (JP): The price of weapons and ammunition is hindering national sharpshooters' training, the new chairman of the Indonesian Shooting and Hunting Association, Sutiyoso, told reporters yesterday.

A Christmas during crisis

A Christmas during crisisBy Aleksius Jemadu and Venny D. Jemadu BANDUNG, West Java (JP): As Indonesians desperately seek a quick economic recovery from the current crisis, Christmas could become a source of spiritual strength.

International bond markets wary after Asian downgrades

International bond markets wary after Asian downgrades NEW YORK (Reuters): Sweeping downgrades of the sovereign debt of South Korea, Indonesia and Thailand thrust international bond markets into confusion Monday, said analysts who pointed to shaken investor confidence in IMF aid packages and the...

Norway, Denmark send aid to Irian Jaya

Norway, Denmark send aid to Irian Jaya JAKARTA: The Red Cross from Norway and Denmark has sent relief aid for starving people in Irian Jaya, in the form of compact food worth US$177,843 and $148,000 respectively, a Red Cross official said yesterday.

LBH predicts rights record to worsen

LBH predicts rights record to worsen JAKARTA (JP): Human rights activists predicted yesterday that Indonesia's human rights record and legal condition would see no improvement next year."As long as the law is still considered subordinate to the government's politics, as is the character of the New...

Six airlines certified

Six airlines certified JAKARTA (JP): Six chartered airlines have won the Air Operator Certificate from the Directorate General of Air Transportation.The six airlines, PT Air Pacific, PT Aneka Nuri, PT Bali Air, PT Intan Angkasa Air Service, PT Trans Air and PT Travia Utama, received the...

Argo Muria train launched

Argo Muria train launched JAKARTA (JP): State-owned rail company Perumka launched Monday the Argo Muria, a new express passenger train that will shuttle between Jakarta and Semarang, Central Java, in just five hours and 15 minutes.

Six arrested with heroin

Six arrested with heroin JAKARTA (JP): Bekasi police arrested six men, including three college students, in Jatiwaringin district for allegedly possessing and using third-grade heroin early yesterday.Bekasi Police chief, Lt. Col.

Dharmindo dumps Indoprima

Dharmindo dumps Indoprima JAKARTA (JP): The extraordinary shareholders meeting of publicly listed PT Dharmindo Adhiduta of the Dharmala Group approved yesterday its sale of 12 million shares in PT Indoprima Alam Marmer Industri to PT Kuarindah Ekamaju Marmer and Tommy Sianto for Rp 7.

Where to pray this Christmas

Where to pray this Christmas JAKARTA (JP): The following is a list of a number of churches here which will hold midnight services tonight and Christmas services tomorrow. * Immanuel Church, Jl. Medan Merdeka Selatan, Central Jakarta (phone 3440747): Services at 5 p.m. (in English), on Dec.

No cure for traffic headaches with transit project dormant

No cure for traffic headaches with transit project dormantBy Stevie Emilia JAKARTA (JP): Construction of two large-scale mass transportation projects -- a subway and a triple-tier transit system -- which are badly needed to reduce Jakarta's notorious traffic congestion, failed to be started this...

BI pursues openness: Governor

BI pursues openness: Governor JAKARTA (JP): The new team of Bank Indonesia directors will inject fresh blood into the central bank and promote open management, governor of the central bank J. Soedradjad Djiwandono said yesterday.

Freeport's expansion plan to continue

Freeport's expansion plan to continue JAKARTA (JP): Mining company PT Freeport Indonesia announced yesterday that it had received approval from the state minister of environment for its regional Environmental Impact Analysis.

More flights for Manado-Surabaya route

More flights for Manado-Surabaya route MANADO, North Sulawesi: The private Indonesian Mandala Airlines is offering additional flights for the Manado- Ujungpandang-Surabaya route until Dec. 24 to accommodate more passengers during the Christmas holiday.

Foreign tourists enjoy local food

Foreign tourists enjoy local food SEMARANG, Central Java: At least 200 foreign tourists from Germany, France and Switzerland enjoyed Indonesian traditional food at the 1997 Indonesian Food Bazaar here yesterday.

Six golds RI's likely Asiad haul: Siregar

Six golds RI's likely Asiad haul: Siregar JAKARTA (JP): Indonesia has a good chance of winning between four and six golds at the 13th Asian Games in Bangkok next December, sports observer Mangombar Ferdinand Siregar told reporters yesterday.

Astra International tops list of best companies

Astra International tops list of best companies JAKARTA (JP): Publicly listed PT Astra International, for the third consecutive year, topped the overall-leadership list of companies in Indonesia, according to Far Eastern Economic Review weekly news magazine.

Trash cans in cars

Trash cans in carsFrom Surabaya PostDespite winning the Adipura award for cleanliness, Surabaya still has citizens who don't properly dispose of their waste.I often see car passengers throwing food containers out of their windows while passing through the downtown area.

Alleged drug dealer arrested in a mall

Alleged drug dealer arrested in a mall JAKARTA (JP): A middle-aged man was arrested in Kalibata Mall in South Jakarta for allegedly selling low-grade heroin called sabu-sabu, police said yesterday.City Police spokesman Lt. Col. E.

Medco Energy reports 14% increase in net profit

Medco Energy reports 14% increase in net profit JAKARTA (JP): Publicly listed oil and gas company PT Medco Energi Corp booked a net profit of Rp 34.4 billion (US$6.88 million) in the first nine months of this year, a 14.4 percent increase over the same period last year.

Search teams hone in on SilkAir blackbox

Search teams hone in on SilkAir blackboxBy Budiman Moerdijat PALEMBANG, South Sumatra (JP): Search teams have narrowed down their search for the flight data and voice recorder, or black box, of the downed SilkAir Boeing 737-300 aircraft to an area along the Musi River estuary.

Asia companies find credit hard to obtain

Asia companies find credit hard to obtain HONG KONG (Reuters): Asian companies are finding that bank letters of credit and other financing for commodities trade have become more costly and harder to obtain in the midst of the region's economic malaise.

Southeast Asia outlines measures to combat smog

Southeast Asia outlines measures to combat smog SINGAPORE (Agencies): Southeast Asian nations adopted a blueprint yesterday to prevent a recurrence of the haze that enveloped the region this year, but Indonesia cautioned that efforts could be hampered by economic problems.

Talisman signs RI contract

Talisman signs RI contract CALGARY (Reuters): Canada's Talisman Energy Inc said on Monday it signed a production sharing contract with Indonesia covering that country's Madura offshore block, an area it said was on trend with several oil and gas discoveries.

Publishers' union accused PT Aspex of price markup

Publishers' union accused PT Aspex of price markup JAKARTA (JP): The Association of Indonesian Newspaper Publishers (SPS) accused newsprint producer PT Aspex yesterday of setting an excessive price as negotiations to review the price slid to a deadlock.

Spotlight

SpotlightPhoto A: CabbiesMercureGETTING TO KNOW YOU: General Manager of Mercure Rekso Hayam Wuruk Hotel, Tristan Beau De Lomenie, presents a hat and map to a taxi cab driver during a campaign to familiarize taxi drivers with the hotel.

TV programs

TV programsTodayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Big Brother Jake 3:10 Indonesian Children 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Road to Avonlea 5:55 Music 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved...

Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec. 23, 1997: Buying Selling Rp Rp U.S dollar 5,250.00 5,850.00Austrian shilling 421.40 483.50Australian dollar 3,567.20 3,825.00Belgian franc 147.40 160.40Canadian dollar 3,813.80 4,059.

The medical and social aspects of abortion in Indonesia

The medical and social aspects of abortion in IndonesiaBy Mangku Sitepoe JAKARTA (JP): The recent discovery in Jakarta of 11 fetuses dumped as mere garbage has grabbed media headlines.These dead babies were not given a proper burial.

Minister seeks RI palm oil investment stoppage

Minister seeks RI palm oil investment stoppage SINGAPORE (Reuters): Indonesian Environment Minister Sarwono Kusumaatmadja said on Tuesday he would propose a moratorium on new investments in the country's palm oil sector.

RI crude exports higher than expected

RI crude exports higher than expected SINGAPORE (Reuters): Indonesian state oil company, Pertamina has substantially raised its official allocation of January crudes after initially offering very small volumes to affiliates and term customers, traders said yesterday.

Abortion: A legal issue we cannot ignore

Abortion: A legal issue we cannot ignoreBy Rebeka Harsono YOGYAKARTA (JP): The report that two private clinics in Jakarta have carried out more than 100 abortions has created a public outcry.Police are collecting more information from employees of the clinics which carried out the abortions and are...

Ghanaian denies swallowing 39 heroin capsules

Ghanaian denies swallowing 39 heroin capsules JAKARTA (JP): A Ghanaian denied yesterday that he had swallowed 39 large capsules containing 450 grams of heroin as stated in a police dossier.The 24-year-old defendant, Kofi Frimpong, told Central Jakarta District Court he received a plastic bag from a...