Indonesian Political, Business & Finance News

Archive: 26 December 1997

52 articles found

Asian crude mart stable on RI allocations

Asian crude mart stable on RI allocations SINGAPORE (Reuters): The heavy Asian crude market was steady on Wednesday, as the final heavy sweet allocations from Indonesia was revealed to be much higher than earlier expected, traders said.

Regional stocks mixed in Christmas-eve trade

Regional stocks mixed in Christmas-eve trade TOKYO (AFP): Asia-Pacific stock markets ended mixed in quiet Christmas-eve trade Wednesday, with investors adopting caution amid the region's financial woes.Tokyo, Singapore and Taipei ended up.

Shaman's wife tried as accomplice

Shaman's wife tried as accomplice MEDAN, North Sumatra: The Lubuk Pakam District Court began Tuesday the trial of Tumini, a local woman accused of assisting her shaman husband in killing women clients and burying them in the Sei Semayang sugar cane plantation in Deli Serdang.

Jakarta must nurture its collectivity, Soeharto says

Jakarta must nurture its collectivity, Soeharto says JAKARTA (JP): President Soeharto says Jakarta needs special territorial supervision to foster a feeling of collectiveness among residents in the metropolitan city.

CPO yield to rise next year

CPO yield to rise next year JAKARTA (JP): Indonesia will produce about 6.3 million tons of crude palm oil (CPO) next year, up 5.6 percent from this year's production, the Ministry of Agriculture has predicted.

Indonesian Moslems need to put aside differences

Indonesian Moslems need to put aside differencesBy Santi W.E. Soekanto JAKARTA (JP): When Amien Rais and Abdurrahman Wahid agreed to appear together during a book launch last December at Sunda Kelapa Mosque in Central Jakarta, some people saw it as a reconciliation of Moslem groupings.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 24, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 750 50 2,500 AHAP Insurance 450 0 0 Alter Abadi 450 0 0 Alumindo Light Metal 200 -25 1,456,500 Alumindo...

IBCA downgrades rating for Bank Exim

IBCA downgrades rating for Bank Exim JAKARTA (JP): International ratings agency Fitch IBCA has assigned an individual rating of "D" for Bank Ekspor Impor Indonesia (Exim) and changed its legal rating for the bank from "2" to "2T.

Amir Santoso cleared of plagiarism allegation

Amir Santoso cleared of plagiarism allegation JAKARTA (JP): Noted political observer Amir Santoso was cleared Wednesday of allegations that he plagiarized fellow observers' work in order to seek a professorship at University of Indonesia.Rector M.K.

ITB students win scholarships

ITB students win scholarships JAKARTA: Ten students from the Bandung Institute of Technology have been granted scholarship worth Rp 25,000,000 by DuPont, a chemical research and technology company from United States.The scholarships were given to high-achieving but cash- strapped students.

Good year in dance, but old woes still hobble development

Good year in dance, but old woes still hobble developmentBy Rita A. Widiadana JAKARTA (JP): Just a few months before economic turmoil hit the nation, dance was no exception among the performing arts in enjoying a packed schedule of events.

RI, India sign MOU for consultation

RI, India sign MOU for consultation JAKARTA: Indonesia and India have signed a Memorandum of Understanding (MOU) on the Establishment of a Joint Consultative Forum for Bilateral Consultation.Indonesia's Director General for Political Affairs Nugroho Wisnumurti and Ambassador of India Sudhir Tukaram...

El Nino effect to disrupt cocoa production in 1998

El Nino effect to disrupt cocoa production in 1998By Sylvia Gratia M.N. JAKARTA (JP): A dry spell, believed to have been triggered by the El Nino weather pattern, has hit Indonesian cocoa plantations and may disrupt production of next year's crop.

Assembly to proceed smoothly: Moetojib

Assembly to proceed smoothly: Moetojib JAKARTA (JP): Chief of the State Intelligence Coordinating Body Lt. Gen. Moetojib has predicted that the People's Consultative Assembly session next March will proceed smoothly, despite some irresponsible groups' attempts to disrupt it even now.

Rupiah falls to Rp 6,200, stocks stable

Rupiah falls to Rp 6,200, stocks stable JAKARTA (JP): The rupiah broke the psychologically 6,000 level against the U.S. dollar Wednesday and hit an all-time low of 6,200 as corporate borrowers snapped up greenback to pay their maturing offshore debts.

Bomb threat at RP airport

Bomb threat at RP airport ZAMBOANGA CITY, Philippines (DPA): Police stepped up security over the Christmas holidays at a key southern Philippine airport following bomb threats from suspected Moslem terrorists, officials said yesterday.

Forestry permits to be cut to reduce illegal levies

Forestry permits to be cut to reduce illegal levies JAKARTA (JP): The Ministry of Forestry will no longer issue licenses or notification letters for 12 forestry activities in an attempt to eliminate illegal levies, according to a senior official.

Moody's may cut six paper firms' ratings

Moody's may cut six paper firms' ratings NEW YORK (Reuters): Moody's Investors Service has placed the long term debt ratings of six Indonesian paper companies under review for possible downgrade.This action is prompted by the economic and financial turmoil that sparked the downgrade of the...

Sermon planed for New Year's Eve

Sermon planed for New Year's Eve YOGYAKARTA: In response to the local administration's call for quiet New Year's Eve celebrations, the state-owned Natour Garuda Hotel is offering a special religious package, with an Islamic arts performance.

1997: A horrible year for Indonesia

1997: A horrible year for IndonesiaBy Santi W.E. Soekanto JAKARTA (JP): The year 1997 has not been a pleasant one for Indonesia. In fact, for many people, it has been downright horrible -- socially, economically and politically.

Govt to import 1m tons of rice

Govt to import 1m tons of rice JAKARTA (JP): Indonesia will have to import up to one million tons of rice in anticipation of a late harvest next year, a minister has predicted.Minister of Agriculture Syarifuddin Baharsyah said Wednesday the long dry season could delay seedling and crop periods by...

Fire-prone buildings checked

Fire-prone buildings checked JAKARTA (JP): The city's fire department has established a special team to identify buildings which are prone to fire, an official said Wednesday.The department's head, Suharso, said the team, which consists of senior firefighters and private consultants, would be...

Tangerang church attacked, residents escape in fear

Tangerang church attacked, residents escape in fear TANGERANG (JP): A new Protestant church in the Bumi Serpong Damai housing complex here was severely damaged Tuesday evening by dozens of unidentified youths.

ICMI urges transparent leadership succession

ICMI urges transparent leadership succession JAKARTA (JP): The Association of Indonesian Moslem Intellectuals (ICMI) ended its two-day annual conference Wednesday evening, calling for transparency in the five-yearly state leadership succession.

Search for SilkAir remains extended

Search for SilkAir remains extendedBy Budiman Moerdijat PALEMBANG, South Sumatra (JP): The search for the remains of the SilkAir MI-185 airplane which was due to end today has been extended for another week as investigators called in an excavator to dig-up a newly detected hole suspected to be the...

Fight against graft launched to ease crisis

Fight against graft launched to ease crisis JAKARTA (JP): President Soeharto ordered cabinet ministers and heads of government agencies on Wednesday to avoid all unnecessary spending and take tough measures against corruption and abuses of power in their respective offices.

Telkomsel's billing

Telkomsel's billing It is very difficult to understand why Telkomsel cannot provide a proper schedule for its billing. I started to subscribe to Telkomsel on March 17, 1997 and my first bill was for three days use of the service, from March 17 to March 19.

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.

The Listening Post

The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * Winter is upon us, though you wouldn't know it to look at lush, green Jakarta.

Austerity and frugality

Austerity and frugality Those who still remember the economic hardship of 1982 and 1985 when gross domestic product growth was merely 2 percent may react cynically to the buzzwords -- austerity, frugality, efficiency and clean government -- which were the central theme of President Soeharto's...

Fireworks at Ancol today, tomorrow

Fireworks at Ancol today, tomorrow JAKARTA (JP): The management of Ancol Dreamland in North Jakarta will celebrate Christmas and New Year with a fireworks display today and tomorrow in its former drive-in theater.Before the fireworks -- which start at 9 p.m.

Pancasila-based economy

Pancasila-based economyFrom Suara KaryaThis beloved republic is based on the five-point state philosophy called Pancasila. All political parties and mass organizations should adhere to this philosophy. To implement this state philosophy, our founding fathers drew up a constitution -- known as the...

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Sheraton Hotel, Jl. Embong Malang 25-31: - Bongo's Fun Pub & Restaurant: The Brilliant Creatures band performance, Tuesday to Sunday, 8:30 p.m. to 1 a.m. - Kawi Lounge: the Hip Fidelity Duo, Monday to Saturday, 8 p.m. to 12 midnight.

Labor hurdles mar birth of new manpower law

Labor hurdles mar birth of new manpower lawBy Dwi Atmanta and Budiman Moerdijat JAKARTA (JP): The passage of the controversial manpower bill this year has laid a new milestone in the country's labor history, as it was born amid workers' growing outcries over the poor protection of their rights.

Human negligence intensifies Mother Nature's fury

Human negligence intensifies Mother Nature's furyBy Sugianto Tandra JAKARTA (JP): A long drought and the resulting forest fires, haze, famine and deaths that plagued Indonesia in the past year have all been blamed on the El Nino weather pattern affecting the region.

Business and government must work together

Business and government must work together A few days ago, scores of major private business leaders were invited to meet with the President, and a number of aspects of the meeting deserve to be underlined.The current fall in the rupiah's value has brought dire consequences for all Indonesians.

Slipups, carelessness behind tragedies

Slipups, carelessness behind tragedies JAKARTA (JP): The past year may not be called an accident prone year, but it has had more than its share of tragedies on the ground, at sea and in the air. Unfortunately, too many lives were lost as a result of negligence and human error.Jan.

Soeharto still has strong grip on state affairs

Soeharto still has strong grip on state affairsBy Imanuddin JAKARTA (JP): Amid complaints of irregularities and cheating, the National Election Committee delivered in June the final results of the May 29 general election, sealed and endorsed by the three contestants: the United Development Party...

South Jakarta offers a tour of native Jakartan culture

South Jakarta offers a tour of native Jakartan culture JAKARTA (JP): South Jakarta to many people is not much other than the Blok M shopping area, cafes and elite housing complexes.Only few people know that the area also has several attractive tourist sites, such as the Ragunan Orchid Garden, Situ...

Conversion Rates

Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) conversion rates on Dec. 24, 1997: Buying Selling Rp Rp U.S dollar 5,700.00 6,300.00Austrian shilling 430.60 493.70Australian dollar 3,654.60 3,908.50Belgian franc 150.60 163.70Canadian dollar 3,877.90 4,123.

Solidarity called for to cope with crisis

Solidarity called for to cope with crisis JAKARTA (JP): Religious leaders and intellectuals have called for solidarity to help the nation cope with the crisis that has plagued the country in the past few months.The group made the call in a rare gathering Tuesday evening.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Tom and Jerry Kid 3:10 Children's Program: Tunas 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Science World 5:30 Music: Paket 27 6:00 News: Lintasan Berita 6:05...

First Family ready to sacrifice for the nation: Hartono

First Family ready to sacrifice for the nation: Hartono JAKARTA (JP): Two cabinet ministers claiming to be close friends of President Soeharto and his children said the First Family would sacrifice anything for the nation, including valuable time together should he be renominated.

Medco denies takeover deal

Medco denies takeover deal JAKARTA (JP): Publicly listed oil and gas company PT Medco Energy Corp. has denied that the company is planning to buy part of petrochemical firm PT Chandra Asri.The company's finance and administration director, Sugiharto, made the remarks Tuesday to counter a press...

Indonesian diplomacy traverses a rocky road

Indonesian diplomacy traverses a rocky roadBy Medyatama Suryodiningrat JAKARTA (JP): Nineteen ninety-seven will go down as a "testy" year in Indonesian diplomacy because events rocked the foundations and sound relations which had been so carefully built.

1997 tourism growth rates rocked by the haze

1997 tourism growth rates rocked by the hazeBy I. Christianto JAKARTA (JP): The thick haze which blanketed most parts of Sumatra and Kalimantan for several months has resulted in significantly reduced tourist arrivals this year.

BDNI gets $50m loans

BDNI gets $50m loans JAKARTA (JP): Publicly listed Bank Dagang Nasional Indonesia (BDNI) and the Dai-Ichi Kangyo Bank (DKB) of Japan have signed a US$50 million bilateral, medium-term loan facility.BDNI said the bilateral loan reflected DKB's confidence in BDNI, but did not elaborate.

T. Abang clash due to 'lack of understanding'

T. Abang clash due to 'lack of understanding' JAKARTA (JP): City Military Commander Maj. Gen. Sjafrie Sjamsoeddin has called Tuesday's clash between Kebon Melati residents in Tanah Abang and Irian Jaya youths a "misunderstanding"."The situation is now under control.

537 foreigners deported this year

537 foreigners deported this year JAKARTA (JP): The number of people deported this year has doubled to 537 foreigners from last year with Chinese, Malaysians and Indians topping the list of those expelled.

Love of your life

Love of your life It is difficult to believe that before the end of the year a blatant advertisement should appear in The Jakarta Post, especially given the banning of New Year's Eve parties. But then came the Gran Melia Jakarta, which I normally like to frequent, with its advertisement offering a...

Where to go in Bali:

Where to go in Bali:New Year Program * Bali Hilton International, Nusa Dua: - New Year's Eve: Experience a magical night with Aladdin in his Palace, 8:30 p.m., in the Grand Ballroom. The 9-Peace Band, 7 p.m., in Octopus Restaurant and Fun Pub. Batak Quartet Performance, 7 p.m.

Golkar holds writing contest

Golkar holds writing contest JAKARTA: Students and the public are invited to take part in a writing competition being organized by the Jakarta chapter of Golkar, in conjunction with its 33rd anniversary.Prizes totaling Rp 8.