Indonesian Political, Business & Finance News

Archive: 1 July 1997

59 articles found

RP's economic reforms to stay after Ramos

RP's economic reforms to stay after RamosBy Cecilia Quiambao MANILA (JP): A lower than expected growth in the first three months of the year has stoked fears of an impending slowdown as the Philippine economy adopts to free market competition while trying to avoid the travails of neighboring...

ASEAN states overhauls civil services

ASEAN states overhauls civil services SINGAPORE (AFP): ASEAN states are overhauling their civil services to cope with increasing public demand for honest government amid rapid economic development in southeast Asia, officials said yesterday.

Yayuk through to round four at Wimbledon

Yayuk through to round four at Wimbledon LONDON (Agencies): Indonesia's Yayuk Basuki brought some sunshine to Wimbledon's rain-drenched championship yesterday by reaching the fourth round, only the third Asian woman to achieve the feat.

SE Asian rubber prices predicted easier this week

SE Asian rubber prices predicted easier this week SINGAPORE (Reuter): Southeast Asian rubber prices are expected to remain soft this week with foreign buyers largely out of the market and demand at a low ebb, traders said yesterday.

1,000 paintings fly at int'l kite festival

1,000 paintings fly at int'l kite festival JAKARTA (JP): One thousand paintings by school children were joined together and launched like a long kite to enliven the opening of the Jakarta International Kite Festival yesterday.

Megawati supporters reject election

Megawati supporters reject election JAKARTA (JP): About 200 Indonesian Democratic Party (PDI) activists loyal to Megawati Soekarnoputri protested yesterday at the House of Representatives.Led by the PDI Tangerang branch, the demonstrators said they rejected the May 29 general election because...

Dharmala to develop 14 towers

Dharmala to develop 14 towers JAKARTA (JP): Publicly listed PT Dharmala Intiland plans to invest around Rp 500 billion (US$205.76 million) to develop 14 apartment towers, called Kondonusa, on Mutiara beach in North Jakarta, an executive said yesterday.

ASEAN deals with China's ambition

ASEAN deals with China's ambitionBy Hilman Adil JAKARTA (JP): A conference on defense and security in Singapore recently attended by representatives of think tanks from ASEAN has expressed growing apprehension over the growth of China's economic and military might.

ASEAN entry to save Cambodia

ASEAN entry to save Cambodia HONG KONG (AFP): The admission of Cambodia into the Association of Southeast Asian Nations (ASEAN) will enable the group to save the nation from descending into chaos, Philippine Foreign Secretary Domingo Siazon said yesterday.

Tamara Bank ties up with China Trust

Tamara Bank ties up with China Trust JAKARTA (JP): Publicly listed Tamara Bank and China Trust Commercial Bank of Taiwan will launch their joint venture bank, Bank China Trust Tamara, here on July 23."This will be the first Taiwanese bank in Indonesia," Tamara Bank's vice president Hendrik...

Intraco expects sales up

Intraco expects sales up JAKARTA (JP): Publicly listed PT Intraco Penta, a heavy equipment distribution company, said yesterday it expected its total sales turnover to increase to Rp 183.4 billion (US$74.91 million) this year from Rp 179.3 billion in 1996.

Govt asked to give city more tourism autonomy

Govt asked to give city more tourism autonomy JAKARTA (JP): A councilor urged the government yesterday to give more autonomy to the municipality in managing its tourism sector, including in the issuance of star hotel permits.

Belo describes Clinton meeting

Belo describes Clinton meeting DILI: Dili Bishop Carlos Filipe Ximenes Belo said Sunday that he had met U.S. President Bill Clinton at the White House last week in his capacity as a 1996 Nobel Peace Prize winner not as a politician.

Two detained over jail escapee

Two detained over jail escapee BOGOR (JP): Two Bogor prison officers, who were arrested Saturday, were still being interrogated yesterday following the escape of a defendant in the Jagorawi toll road murder and robbery case Friday afternoon.

Wet weather good omen for HK: 'Feng shui' expert

Wet weather good omen for HK: 'Feng shui' expert HONG KONG (Reuter): A persistent drizzle put a damper on handover celebrations but wet weather is a good omen for Hong Kong as it enters a new era under Chinese rule, a Hong Kong feng shui expert said yesterday.

Bite of Belgian chocolate at Mandarin Oriental

Bite of Belgian chocolate at Mandarin OrientalBy Bruce Emond JAKARTA (JP): Time was tick, tick, ticking away and there was still no sign of our guest of honor at the Mandarin Oriental's Kafe-Kafe coffee shop. Flurried explanations amounted to the cooking demonstration was actually scheduled for 3 p.

Syarwan Hamid stresses dialog for democracy

Syarwan Hamid stresses dialog for democracy JAKARTA (JP): A senior Armed Forces (ABRI) officer stressed yesterday that dialog was the best way to bridge differences of opinion while the country's democracy was developing.

The sun rises in HK

The sun rises in HK The sun has finally set for the once great British empire with today's hand over of Hong Kong to China. But for the territory, and the rest of Asia, the sun will shine even brighter.

Indosat joins WorldPartners

Indosat joins WorldPartners JAKARTA (JP): State-owned PT Indosat has joined WorldPartners, an alliance of world-class telecommunications operators, to boost its competitive edge.Indosat's commercial director, Bambang Sulistyo, said yesterday that his company had been certified by WorldPartners in...

UI forges links with Zagazig University

UI forges links with Zagazig University JAKARTA (JP): University of Indonesia and Egypt's Zagazig University signed a memorandum of understanding yesterday on research and exchange programs.The memorandum, signed at University of Indonesia's campus in Depok, a town south of here, is the first...

New road, but old bridge

New road, but old bridgeFrom MerdekaA new road has been constructed in the Tanah Abang area, Central Jakarta. Concurrently a new pedestrian bridge is being set up over the road.The problem is, while the road is really new, the bridge is already old with rust on its entire frame and many additional...

Where to go in Jakarta:

Where to go in Jakarta:Music * Fashion Cafe, Wisma 46 BNI City, Ground Floor, Jl. Sudirman Kav. 1, Central Jakarta: Shiok Crew Band, Tuesday to Thursday, Sunday, 9 p.m., Friday, Saturday, at 9.30 p.m., Fashion Mania Happy Hour, Monday to Friday, 5 p.m. to 8 p.m., Saturday to Sunday, 5 p.m. to 9 p.m.

Askatindo stops deals with Bre-X

Askatindo stops deals with Bre-X JAKARTA (JP): Indonesian PT Askatindo Karya Mineral, the holder of a mining license for the controversial East Kalimantan Busang area, says it will terminate its contracts with Canada's Bre-X Minerals Ltd on July 4.

RI committed 'to removing trade barriers'

RI committed 'to removing trade barriers' JAKARTA (JP): Indonesia is fully committed to removing tariff and non-tariff barriers, and implementing agreements to further the country's integration into the global trading network, Minister of Finance Mar'ie Muhammad said yesterday.

Court asked to hear reforestation fund case

Court asked to hear reforestation fund case JAKARTA (JP): Lawyers representing five environmentalists asked the administrative court yesterday to hear their lawsuit against President Soeharto who they accuse of diverting Rp 250 billion (US$105 million) in reforestation funds to a pulp and paper...

Police chief wants better resources

Police chief wants better resources JAKARTA (JP): Nearly one in five items of police equipment are not in working order, National Police Chief General Dibyo Widodo said yesterday.He said most equipment was old and not performing to its optimal level.Dibyo said 59.

ICAC to construct new building in Lebak Bulus

ICAC to construct new building in Lebak Bulus JAKARTA (JP): The Jakarta's International Community Activity Center (ICAC) stepped ahead in its plan to move from its current rented building into a new building.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 30, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,200 250 10,000 AHAP Insurance 2,700 0 0 Alter Abadi 1,000 -25 5,000 Alumindo Light Metal 1,125 50 667,500...

KPN to split up units

KPN to split up units JAKARTA (JP): Koninklijke PTT Nederland/Royal PTT Nederland (KPN) will separate its two major units, PTT Telecom and PTT Post, because the firms had expanded significantly in different directions.

'Minimum' visa changes after Hong Kong handover

'Minimum' visa changes after Hong Kong handover JAKARTA (JP): The visa application process for people wanting to visit Hong Kong for two weeks or more will not change under Chinese rule, a Chinese embassy official said yesterday.The former British territory returned to China today.

Customs EDI fully operational in three years

Customs EDI fully operational in three years JAKARTA (JP): Only 52 foreign exchange banks are now connected to the customs electronic data interchange (EDI) system which was launched in April, causing problems for importers using the system, the customs said yesterday.

Assimilation problems

Assimilation problemsFrom Media IndonesiaMany of our citizens live in harmony respecting each other despite differences in ethnicity, religion and race. But conflicts still occur.I believe that differences, including marriage, should not govern our lives.

Old woman found dead in Mangga Dua fire

Old woman found dead in Mangga Dua fire JAKARTA (JP): The charred remains of a 60-year-old woman were found in a house in Sawah Besar, Central Jakarta, after the house was gutted by fire Sunday.Than Nyuk Mei's body was found in the bathroom by her son.

TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Silvan 3:00 News: Lintasan Berita 3:10 Teenagers' Program: Ramaja Indonesia 3:35 Music: Lagu Pop Daerah 4:00 Regional News 4:30 Science and Technology 5:00 English Lessons 5:25 Variety Show: Science World...

Book fair aims to promote reading habits

Book fair aims to promote reading habits JAKARTA (JP): Children and parents flocked to book stalls at the National Monument Park in Central Jakarta to buy cheap books offered by 60 publishers at a two-day book bargain event, which ended Sunday.

Cooperatives get shares

Cooperatives get shares JAKARTA (JP): Seven publicly listed companies yesterday sold 5.87 million shares at par value to cooperatives to support the government's enhance equity development program.They were PT Cahaya Kalbar which sold 850,000 shares, PT Enseval Putera Megatrading (1,140,000...

Proposal on city bus fare hike being prepared

Proposal on city bus fare hike being prepared JAKARTA (JP): The City Land Transportation Agency (DLLAJ) will urge the government to raise the regular city bus fare as it is considered too low, an official said yesterday.Assistant secretary of economic and development affairs, Prawoto S.

Soeharto asks the poor to save for education

Soeharto asks the poor to save for education JAKARTA (JP): President Soeharto urged poor families yesterday to save money to help finance their children's education.Speaking on National Family Day, Soeharto said the government was doing everything in its power through the nine-year compulsory...

Most local artists care little about copyrights

Most local artists care little about copyrights JAKARTA (JP): Most Indonesian artists, because of their strong communal sense, are not assertive enough in claiming copyright for their work, a legal expert said yesterday.

Alternative migraine treatment

Alternative migraine treatment It was dispiriting, though not surprising, to read in The Jakarta Post (June 26) that the "migraine market" is not worth more than one billion dollars to drug companies. There are several reasons for concern.

Boxing at Jakarta Fair

Boxing at Jakarta Fair JAKARTA (JP): Visitors can get a chance to practice boxing at a ring erected at the Jakarta Fairgrounds starting today. Organizers said amateur boxing sessions will run until Thursday from 5 p.m. to 6 p.m.

Asian crude mart expected to remain under pressure

Asian crude mart expected to remain under pressure SINGAPORE (Reuter): The Asian crude market is expected to remain under pressure over the next week as refinery maintenance shutdowns coupled with refinery run cuts reduce demand, traders said yesterday.

China, Denmark pull out of junior c'ships

China, Denmark pull out of junior c'ships JAKARTA (JP): China and Denmark will not take part in the Bumiputera Jakarta Open junior badminton championships which start today at Senayan Sports Hall.Organizer Leo Wiranata said yesterday China had said it would participate but had not sent its players.

Asian gas, oil, diesel firmer in quiet market, say traders

Asian gas, oil, diesel firmer in quiet market, say traders SINGAPORE (Reuter): Singapore middle distillates prices rose on firmer crude values yesterday and expectations of stronger regional demand which could absorb the persistent oversupplies, traders said.

Used paper collection program

Used paper collection program JAKARTA (JP): A campaign for collecting and recycling used paper has drawn a positive response from companies and individuals, an editor of a local publication said.Editor of Aikon magazine, Ukke Kosasih, said Sunday at least nine tons of used paper had been received...

Bank Arta Prima needs proper handling: House

Bank Arta Prima needs proper handling: House JAKARTA (JP): Legislators warned the government yesterday to be careful how it settled the ailing Bank Arta Prima problem because mishandling could have a political impact that could affect the whole banking industry.

PRD leaders 'yet to appeal' to Supreme Court

PRD leaders 'yet to appeal' to Supreme Court JAKARTA (JP): A lawyer representing the five Democratic People's Party (PRD) leaders convicted of subversion said yesterday that he would advise his clients to appeal to the Supreme Court.Luhut M.P.

Baby survives car crash

Baby survives car crash BOYOLALI, Central Java: An 18-month-old baby survived a car crash which killed its parents here Sunday, a press report said yesterday.Antara did not say whether the baby was hurt but reported that its 32-year-old father and 27-year-old mother had died in their car which...

RI to send golfers to World Junior C'ship

RI to send golfers to World Junior C'ship JAKARTA (JP): Four junior Indonesian golfers, who regularly compete in the World Junior Championships in San Diego, U.S.A., will again represent their country at the prestigious event next month.

ASEAN energy officials start annual meeting

ASEAN energy officials start annual meeting MANILA (Reuter): Senior ASEAN energy officials began their annual meeting yesterday and in two days of closed door talks are expected to further discuss plans for a regional gas pipeline system and an electricity grid.

Students continue protest against soldiers' attack

Students continue protest against soldiers' attack JAKARTA (JP): Dozens of students from Indonesia Christian University staged a demonstration in front of the university rectorate building in Cawang, East Jakarta, yesterday in protest against an attack by soldiers.

U.S. experts observe rhinos

U.S. experts observe rhinos PANDEGLANG, West Java: Representatives of the U.S. Rhino and Tiger Foundation arrived here late last week to visit Ujung Kulon National Park and see whether their foundation could provide assistance to it.

Proposed COW changes not final: Sudjana

Proposed COW changes not final: Sudjana JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana said yesterday that the government's proposed changes to seventh generation mining contracts of work (COW) were not yet final.

Asian central banks unload U.S. bonds

Asian central banks unload U.S. bonds TOKYO (Reuter): Asian central banks were seen unloading some of their U.S. Treasury bond holdings, with some reinvesting part of the proceeds into shorter-term U.S. debt, traders and fund managers said yesterday."China was among the active U.S.

Korean businessmen here

Korean businessmen here JAKARTA (JP): The Dongbu office of the Korean Chamber of Commerce and Industry (KCCI) and the Indonesian Chamber of Commerce and Industry (Kadin) city-chapter have agreed to improve business cooperation.

Rational debate urged on Sukarno's grave

Rational debate urged on Sukarno's grave SEMARANG (JP): The controversial plan to move the remains of late president Sukarno should be settled in discussions between his relatives and the government, according to political observer Satjipto Rahardjo.

KL to tighten govt spending next year

KL to tighten govt spending next year KUALA LUMPUR (AFP): Malaysia would tighten government spending in its calendar 1998 budget to avoid wastage and ensure quality growth, Deputy Prime Minister Anwar Ibrahim said yesterday.

IOC chief seeks assurance on HK

IOC chief seeks assurance on HK HONG KONG (AFP): Hong Kong's future in international sport is assured but its name is not, Olympic supremo Juan Antonio Samaranch said yesterday.The International Olympic Committee president is in Hong Kong for the handover and to get final guarantees from Chinese...

Chavalit defends baht amid warnings of fresh assault

Chavalit defends baht amid warnings of fresh assault BANGKOK (AFP): Thai Prime Minister Chaowalit Yongchaiyudh has committed himself to defending the baht amid warnings that the currency could come under fresh speculative attack.