Indonesian Political, Business & Finance News

Archive: 10 July 1997

62 articles found

PWI to organize golf tournament

PWI to organize golf tournament JAKARTA (JP): The Indonesian Journalists' Association (PWI) and the Confederation of Asian Journalists (CAJ) will stage a golf tournament at the Matoa Golf Course in Ciganjur, South Jakarta.

Six states competing in bowling c'ship

Six states competing in bowling c'ship JAKARTA (JP): Six countries are competing in the 13th Indocement Cup International Open Bowling Championship which began at the Jaya Ancol Bowling Center yesterday.

Computerized school registration in a mess

Computerized school registration in a mess JAKARTA (JP): Parents and students have been flooding the Ministry of Education and Culture's city office over the past few days with complaints of students not being placed at selected schools.

Cambodia's Hun Sen considers compensating firms for losses

Cambodia's Hun Sen considers compensating firms for losses PHNOM PENH (Reuter): Cambodian strongman Hun Sen told ambassadors from Southeast Asian countries yesterday that his government was considering paying compensation to firms that suffered losses during widespread looting on Monday, his...

History and films

History and filmsFrom Media IndonesiaI would like to thank all the people involved in making the film Fatahillah possible, especially producer Surjadi Soedirdja. The film is a denial of the prevailing image that Indonesian films lack quality.

RI coffee supplies very tight: Traders

RI coffee supplies very tight: Traders SINGAPORE (Reuter): Indonesian coffee supplies are tight while business for some trading houses who are long on coffee was said to be active, traders said yesterday."The supplies from Indonesia are terrible," a senior trader for a major coffee house said.

Ramos deflates sister's bid

Ramos deflates sister's bid MANILA (AFP): Philippine President Fidel Ramos offered scant support yesterday for his younger sister's bid to become president, denying reports that Leticia Shahani had won endorsement from a faction of the ruling party.

Cartoons of concern on Bali's landscape

Cartoons of concern on Bali's landscapeBy Putu Wirata DENPASAR, Bali (JP): Cartoonists have the advantage of being able to convey their concerns on grave subjects in a forum often laughed off as unthreatening.

Soeharto promises more local autonomy

Soeharto promises more local autonomy JAKARTA (JP): The government pledged yesterday to continue its campaign to delegate more authority to regency administrations, despite fears of national disintegration.

Government ready to evacuate Indonesians in Cambodia

Government ready to evacuate Indonesians in Cambodia JAKARTA (JP): Indonesia remains one of the last Association of Southeast Asian Nations (ASEAN) countries not to have evacuated its nationals in strife-hit Cambodia, but said yesterday that a Hercules military transport plane was on stand-by...

Bad loans at Rp 10/23 trillion as of April

Bad loans at Rp 10/23 trillion as of April JAKARTA (JP): Bank Indonesia, the central bank, announced yesterday that bad loans at state and privately owned banks reached Rp 10.23 trillion (US$4.19 billion) as of April, or 2.93 percent of the total Rp 349.77 trillion in loans.

New fuel tax 'should be applied selectively'

New fuel tax 'should be applied selectively' JAKARTA (JP): The planned introduction of a new 5 percent tax on fuel should not be applied to all consumers, councilors said yesterday.Councilors were responding to the imposition of a new tax, which still waits for approval from the Ministry of Home...

Over 2,000 homeless as fire hits Sawah Besar

Over 2,000 homeless as fire hits Sawah Besar JAKARTA (JP): A fire which destroyed more than 100 houses in Sawah Besar district, Central Jakarta, yesterday, left 330 families, or more than 2,000 people, homeless.Residents of Jl.

Mandaluyung upsets Moscow in World Cities Chess C'ship

Mandaluyung upsets Moscow in World Cities Chess C'ship JAKARTA (JP): Top seed Moscow surprisingly lost to unfancied Filipino side Manduluyung in the second round of the World Cities Chess Championship here yesterday.

Credit rating workshop

Credit rating workshop JAKARTA (JP): The ASEAN Forum of Credit Rating Agencies will hold a workshop in Yogyakarta to discuss rating standardization and harmonization.The president of PT Pemeringkat Efek Indonesia, Farid, said credit rating agencies from Thailand, Malaysia, the Philippines and...

European business called on to invest more in RI hi-tech

European business called on to invest more in RI hi-tech JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo called on European business yesterday to invest more in high technology industry in Indonesia.

Caltex to shift focus in Asia to downstream

Caltex to shift focus in Asia to downstream BANGKOK (Reuter): Tough competition and poor refinery margins have forced Caltex to shift its focus in Asia to downstream petroleum marketing from the refining business, a senior company official said yesterday.

Art Agenda

Art AgendaArt Exhibition: Pamela Jones Quilts at UPHLobby, Building A of UPH Tower, Lippo Karawaci, Tangerang, West Java; July 8-16The Universitas Pelita Harapan, in association with the Australia-Indonesia Institute, presents quilts made by this Australian artist.

TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Family Matters 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Orchestra Film 5:00 Arabic Lessons 5:30 Children's Story: Patriot 6:00 News: Lintasan Berita 6:05...

Oil prices slip as Iraq nearer crude exporting

Oil prices slip as Iraq nearer crude exporting LONDON (Reuter): Oil prices slipped yesterday as Baghdad took a step nearer resuming limited crude exports and on further evidence that a spring surge in U.S. gasoline demand is waning.

BBL Dharmala to issue Rp 200 billion bonds

BBL Dharmala to issue Rp 200 billion bonds JAKARTA (JP): Multifinance company PT BBL Dharmala Finance has plans to issue a five year bond worth Rp 200 billion (US$83.33 million) in July next year to strengthen its working capital.

Syarwan defends ABRI's handling of election riots

Syarwan defends ABRI's handling of election riots JAKARTA (JP): The military refused yesterday to take the blame for the trail of election violence that hit parts of the country in May.Armed Forces (ABRI) Chief of Sociopolitical Affairs Lt. Gen.

Stock quotations on JSX

Stock quotations on JSXStock prices on the Jakarta Stock Exchange (in rupiah) on July 9, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,225 -25 43,000 AHAP Insurance 2,850 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 1,175 0 24,000...

ASEAN to discuss Cambodian crisis

ASEAN to discuss Cambodian crisisBy Bill Tarrant KUALA LUMPUR (Reuter): Foreign ministers of the Association of Southeast Asian Nations (ASEAN) will be under considerable pressure to defer Cambodia's membership when they meet in Malaysia today, analysts said.

Rupiah is strong and stable: Mar'ie

Rupiah is strong and stable: Mar'ie JAKARTA (JP): Minister of Finance Mar'ie Muhammad said yesterday the rupiah was strong and stable and capital inflows remained consistent, giving no evidence of inconsistency in the country's economic fundamentals.

S'tomo, Fuji win RI order

S'tomo, Fuji win RI order TOKYO (Reuter): Sumitomo Corp said yesterday that it and Fuji Electric Co Ltd had won a 29 billion yen order from Indonesia to build the world's largest geothermal power generators.

Indonesian Moslem intellectuals and democracy

Indonesian Moslem intellectuals and democracyBy Masykuri Abdillah JAKARTA (JP): The Moslem intellectuals' concept of the principle of liberty is not in line with the liberal view, namely the absence of constraints or obstacles.

Merpati plane crashes, killing all three on board

Merpati plane crashes, killing all three on board JAKARTA (JP): A Casa-212 Merpati Nusantara Airlines aircraft crashed near Pattimura airport in Ambon, Maluku, yesterday morning killing its three-man crew, the airline's spokesman said.Tondo Widodo said flight MZ 7979 crashed at 10:57 a.m.

Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Horison Hotel, Jl. Pelajar Pejuang 45 No. 121, Maskumambang 8 Buah Batu: - Spec's Music Lounge and Karaoke, at 7 p.m. to 2 a.m., P&P Band and Flower Power Band, Wednesday, Saturday. Organist and Singer, daily.

Drought dashes farmers' hope

Drought dashes farmers' hope UJUNGPANDANG, South Sulawesi: The dry spell has severely affected about 26,000 hectares of paddy fields in this province and in Riau, officials said yesterday.In South Sulawesi, at least 20,000 hectares of paddy fields, or about 10 percent of the province's paddy crop,...

Govt approves six Casa-212s for Merpati

Govt approves six Casa-212s for Merpati JAKARTA (JP): The government has agreed to buy six Casa-212 aircraft for the state-owned carrier Merpati Nusantara Airlines, Minister for Transportation Haryanto Dhanutirto said yesterday.

Asian football mentally lacking, says AFC chief

Asian football mentally lacking, says AFC chief KUALA LUMPUR (AFP): Asian coaches must improve their players' mental agility if the region is to compete in world football, the Asian Football Confederation (AFC) said Monday.

New fighting erupts in RP

New fighting erupts in RP ZAMBOANGA (Reuter): More fighting erupted in the southern Philippines yesterday despite an order by President Fidel Ramos for the military to cease offensive activity to clear the way for cease-fire talks, an army spokesman said.

Where to go in Jakarta:

Where to go in Jakarta:Music * Jamz, Jl. Panglima Polim Raya. No. LMN 11, South Jakarta, at 9.30 p.m. to 1 a.m.: Harvey M, Benny L & Co, Monday. Benny L & Co, Dixie Night, Tuesday. Indra, Jamz Session, Wednesday. Wachdach Band, Thursday. Embong R and Audensi Band, Friday.

Stop complaining about shortcomings: Soeharto

Stop complaining about shortcomings: Soeharto JAKARTA (JP): President Soeharto said yesterday it was needless for the nation to complain about development shortcomings, much less let discontent grow so that people lost self control and became destructive.

Vendors face 18 months in jail

Vendors face 18 months in jail JAKARTA (JP): A prosecutor demanded the Central Jakarta District Court to sentence three roadside vendors involved in a riot and the arson of the Tanah Abang district office building to 18 months' imprisonment.

Dow aims to enter SE Asian market

Dow aims to enter SE Asian market SINGAPORE (Reuter): Dow Chemical Co, the world's largest producer of chlorine and caustic soda, is aiming to penetrate the Southeast Asian market for these products, a company official said yesterday.

Komatsu Indonesia increases production capacity by 30%

Komatsu Indonesia increases production capacity by 30% JAKARTA (JP): Publicly listed heavy equipment producer PT Komatsu Indonesia opened yesterday a new heavy equipment assembly plant in Cilincing, North Jakarta.

Cries for water?

Cries for water?From MerdekaThe Jakarta Water Company should work harder to respond to society's challenge in areas that are still deprived of drinking water.Jakarta, which has been dubbed a "metropolitan city", is still unable to provide all its citizens with the primary need of clean water 50...

Broadcasting bill to be sent back for amendment

Broadcasting bill to be sent back for amendment JAKARTA (JP): President Soeharto will send the broadcasting bill, passed last December, back to the House of Representatives for amendment, Minister/State Secretary Moerdiono said yesterday.

History repeats itself

History repeats itselfFrom RepublikaIn the early 1990s, Indonesia manufactured sedan cars under the model MR-90 (people's car) which was affordable to most people.But the sales of this car were sluggish, forcing government departments to absorb the products to be used for official cars.

New shipping policy needs financial support

New shipping policy needs financial support JAKARTA (JP): The government's move to allow imports of used cargo and fishing vessels needs financial and fiscal support, says a member of the House of Representatives.

Blood donors 'should be told if they are HIV positive'

Blood donors 'should be told if they are HIV positive' JAKARTA (JP): A legislator has called on the government to drop a policy which forbids the Red Cross to inform blood donors if they are infected with the Human Immunodeficiency Virus (HIV).

Sikka language

Sikka language On Feb. 28, 1994, I received a letter from Hein Steinhauer in response to my request published in "Your Letters" (The Jakarta Post Feb. 23, 1994). He also enclosed several copies of his papers and articles that he once sent to magazines or presented at certain seminars.

Palm oil down further at Euro veg oil market

Palm oil down further at Euro veg oil market LONDON (Reuter): Palm oil posted further losses at the close of the European vegetable oil market on Tuesday following the sharply lower finish in Malaysia.Near panic selling in Malaysia sent palm oil prices in Europe tumbling with sentiment in Kuala...

Depok gets township status

Depok gets township status JAKARTA (JP): The West Java Provincial Legislative Council has approved raising the status of Depok from an administrative city to a township.The approval was reached in a session led by the council's speaker H. Agus Muhyidin and was attended by West Java Vice Governor H.

Naturalist's house in ruin

Naturalist's house in ruin TERNATE, Maluku: The house of 19th century British naturalist Alfred Russel Wallace in this North Maluku regency is in ruin because of neglect, Antara reported.The Ministry of Education and Culture and local authorities are responsible for maintaining the historical house...

Sound indicators

Sound indicators The robust, key economic indicators announced after the monthly cabinet meeting last week, when the Asian financial situation plunged into turmoil after the floating of Thailand's baht, served to further reassure both domestic and foreign investors of the sound fundamentals of...

RP vows to defend peso but bourse falls

RP vows to defend peso but bourse falls MANILA (AFP): Philippine authorities vowed yesterday to defend the peso from speculators but the bourse plunged 4.1 percent on fears the central bank may not have the ammunition to back its words with action.

Thailand to host UN trade meeting

Thailand to host UN trade meeting BANGKOK (DPA): Thailand will host the 10th session of the United Nations Conference on Trade and Development in March 2000, the English-language Bangkok Post said yesterday.

Fair coverage

Fair coverageFrom KompasI was somewhat flabbergasted when I watched Indosiar's "Focus Indosiar" program (July 7). The program presented a news item showing Megawati conducting the Haul Bung Karno celebration.

Training course on funerals

Training course on funerals JAKARTA (JP): About 120 senior high school students began a week-long training course yesterday on funeral issues, a municipality spokesman said.Kamaludin S. said the course, which is sponsored by the City Funeral Office, intends to give detailed information on how to...

Polysindo and Datakom get improved ratings

Polysindo and Datakom get improved ratings JAKARTA (JP): Standard & Poor's raised the ratings of both PT Polysindo Eka Perkasa and Polysindo International Finance Co BV yesterday to BB plus from BB and reclassified both entities as stable instead of positive.

'Bung' Karno's grave

'Bung' Karno's graveFrom RepublikaThe plan to move Bung Karno's grave is a dilemma for his family and third parties.Batu Tulis, Bogor, is very close to the center of power. If there is a large-scale pilgrimage to the site, it will generate tremendous traffic congestion.

Stock settlement shortened

Stock settlement shortened KUALA LUMPUR (AFP): The Kuala Lumpur Stock Exchange said yesterday it would reduce the settlement period for transactions from seven days to five days from Aug. 18.This meant that investors would have to complete their sales and purchase of shares on the stock market...

Tourism promotion budget far below target

Tourism promotion budget far below target JAKARTA (JP): The Ministry of Tourism, Post and Telecommunications has targeted collecting Rp 207.45 billion (US$84.67 million) in development tax this fiscal year to finance tourism promotion.

13 die in collision on Aceh highway

13 die in collision on Aceh highway JAKARTA (JP): Thirteen people died and at least four others were seriously injured in a traffic accident Monday night on the Banda Aceh-Medan highway.The victims were riding in a minivan that collided with a truck at Tibang, Pidie, 112 kilometers east of Banda...

Reading not a 'serious business'

Reading not a 'serious business'By Ignas Kleden JAKARTA (JP): The Indonesian Publishers Association's (IKAPI) Jakarta branch recently held a book fair. As is always the case, if there is an event which is related to books, one is tempted to raise the issue of book publishing and the low reading...

Hun Sen seeks understanding from ASEAN

Hun Sen seeks understanding from ASEAN PHNOM PENH (Agencies): Cambodia's Second Prime Minister Hun Sen met ASEAN ambassadors yesterday, a day before the Southeast Asian grouping is to discuss Cambodia's forthcoming admission to its ranks.

Expensive extension program

Expensive extension programFrom Pikiran RakyatIt is regrettable that, according to Asia Week (May 23, 1997), Padjadjaran University (Unpad), generally regarded as one of Indonesia's most prestigious universities, is not included in Asia's 50 best universities.

BI defends property loan ban

BI defends property loan ban JAKARTA (JP): Central bank Governor Soedradjad Djiwandono yesterday defended a ban on new loans for land acquisition and development, saying that moral suasion had not curbed a rapid increase in property loans.

Syarwan Hamid set to occupy seat in House

Syarwan Hamid set to occupy seat in House JAKARTA (JP): Armed Forces Chief of Sociopolitical Affairs Lt. Gen. Syarwan Hamid confirmed yesterday that he would take a seat in the House of Representatives for the 1997-2002 term.