Archive: 16 July 1997
59 articles found
Wed, 16 Jul 1997, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Music and Entertainment * Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No. 81, Central Bandung: - Tempo Doeloe Terrace: Back To Sixties featuring Starlite Band, every Sunday, 7 p.m. to 11 p.m., Danzer Zone Band, from Philippines, Monday to Friday, 8 p.m. to 12 a.m. and Saturday at 9 p.m. to 1 a.m. - Pool Plaza: Paradise of Priangan, Traditional dances and Angklung music, 6.30 p.m. to 9 p.m., July 19. * Horison Hotel, Jl. Pelajar Pejuang 45 No.
Wed, 16 Jul 1997, 00:00 WIB
Credit card body seeks firm laws
Credit card body seeks firm laws JAKARTA (JP): The Indonesian Credit Card Association (AKKI) wants tougher laws to crack down on credit card crimes. AKKI's vice chairman Malik Habir said yesterday existing credit card laws were not strong enough or clear enough. "The agencies in charge of taking care of the crimes must evaluate the existing laws," he said.
Wed, 16 Jul 1997, 00:00 WIB
Iwik to stand trial for murdering reporter
Iwik to stand trial for murdering reporter YOGYAKARTA (JP): A travel agent employee is to stand trial soon for allegedly murdering Fuad Muhammad Syafruddin, a local journalist known for his critical articles. The Bantul regency prosecutors' office submitted yesterday a dossier on Dwi Sumaji, alias Iwik, to the Bantul District Court. The court should soon set a date for the murder trial.
Wed, 16 Jul 1997, 00:00 WIB
Man faces 15 years in robbery case
Man faces 15 years in robbery case JAKARTA (JP): A state prosecutor asked Bogor District Court on Monday to send one of four suspects in the fatal Jagorawi toll road robbery to jail for 15 years. Prosecutor Andi Rahman Asbar said Heri Faisal alias Hendrik took part in both the robbery and murder of one of the victims on Oct. 11, 1996. Andi cited Article 365 of the Penal Code on violent robberies, which carries a maximum penalty of death.
Wed, 16 Jul 1997, 00:00 WIB
Concern for our domestic workers
Concern for our domestic workers Quoting a Straits Times report, several newspapers in this city carried reports Monday of the anguish suffered by Hartati in Singapore. This 15-year-old girl from a village in Central Java works as a domestic helper in Singapore. At present, she is being hospitalized at Singapore's Tan Tock Seng Hospital, suffering from malnutrition and wounds. Hartati's suffering is reported to be the result of abuse by her employers in Singapore.
Wed, 16 Jul 1997, 00:00 WIB
Tomen enters Indonesia
Tomen enters Indonesia TOKYO (AFP): Japanese trading house Tomen Corp. said yesterday it bought a 9.68 percent stake in Indonesia's PT Dayamitra Malindo for US$8.71 million to enter the telecommunications sector in Kalimantan. Dayamitra Malindo holds the right to set up facilities for a local call network and to operate in the telecommunications sector in Kalimantan for 15 years to 2011, Tomen said in a statement.
Wed, 16 Jul 1997, 00:00 WIB
182 fined for not having ID cards
182 fined for not having ID cards JAKARTA (JP): Police checked identification cards of almost 3,000 people in an ID card operation in Palmerah, West Jakarta, yesterday. The operation, conducted by the city population agency, started in front of the Palmerah district office and netted passersby and public transport passengers.
Wed, 16 Jul 1997, 00:00 WIB
Community's money?
Community's money? From Merdeka Ismuzar of Pejaten, South Jakarta, wrote a letter on the Minister of Religious Affairs Tarmizi Taher's explanation at the House of Representatives that the interest of the Haj Pilgrims' Dana Abadi (eternal fund) now amounts to Rp 300 billion. I am amazed at this amount. The minister also told the House members that "it is not the community's money". This is strange and amazing too. Where does the money come from? Does the money not belong to the community?
Wed, 16 Jul 1997, 00:00 WIB
Bunker operators wary of Indonesian inspection
Bunker operators wary of Indonesian inspection SINGAPORE (Reuter): Indonesian maritime authorities have boarded several tankers refueling outside Singapore port limits, saying the ships were in Indonesia's territorial waters, shipping sources said on Tuesday. The boardings -- reported by the Singapore Shipping Association (SSA) in a circular to members -- prompted some bunker operators and shipowners in Singapore to cut back the number of times they refuel close to Indonesian waters, they said.
Wed, 16 Jul 1997, 00:00 WIB
Conference on E-TDMA
Conference on E-TDMA JAKARTA (JP): Telecommunications operator PT Ratelindo will hold an international user forum on GMH-200 E-TDMA (Extended Time Division Multiple Access) here on July 22 in cooperation with Hughes Network Systems of the United States. Ratelindo said here yesterday that the forum, to be opened by Director General of Post and Telecommunications Djakaria Purawidjaja, would involve telecommunications operators from worldwide GMH-2000 E-TDMA.
Wed, 16 Jul 1997, 00:00 WIB
Soeharto writes letter to House to amend broadcasting bill
Soeharto writes letter to House to amend broadcasting bill JAKARTA (JP): President Soeharto has written to House Speaker Wahono to request a second deliberation of the broadcasting bill, Minister/State Secretary Moerdiono said yesterday. Moerdiono did not say when the letter was sent, but the protocol marks the beginning of the bill's review in the House of Representatives. The House had passed the bill early in December last year after seven months of deliberation.
Wed, 16 Jul 1997, 00:00 WIB
Mandela's third visit
Mandela's third visit South African President Nelson Mandela is here again for a three-day state visit. It is his third since he was released from jail in 1990. His frequent visits to Indonesia highlight his love and fondness for this country and its people. It is not easy to find the right words when one speaks about this charismatic leader, who is the conscience of the oppressed.
Wed, 16 Jul 1997, 00:00 WIB
Cambodian turmoil 'threatens region'
Cambodian turmoil 'threatens region' JAKARTA (JP): The turmoil in Cambodia could affect stability in the rest of Southeast Asia, Minister of Foreign Affairs Ali Alatas said yesterday. Alatas said this was the main reason why the Association of Southeast Asian Nations (ASEAN) had decided last week to defer admitting Cambodia as a member, originally scheduled for this month.
Wed, 16 Jul 1997, 00:00 WIB
PT CSI issues $75m notes
PT CSI issues $75m notes HONG KONG (Reuter): PT Cheil Samsung Indonesia has launched a US$75 million term loan facility, bookrunner KDB Asia said on yesterday. The five-year loan, which is guaranteed by Cheil Jedang Corp [18520.KS], has a put option in year three. It pays a margin of 80 basis points over the six-month London Interbank Offered Rate.
Wed, 16 Jul 1997, 00:00 WIB
A day in Cirebon
A day in Cirebon I once heard a popular saying "Tourism is knowledge". This is true without any doubt, and I have personally experienced it many times. The most recent example is my one day trip to Cirebon, West Java, on July 12. My experience there may certainly be of immense benefit to tourism fans. Generally, one may not have first-class knowledge of a society within a day or two. People need sufficient time to know things properly not superficially.
Wed, 16 Jul 1997, 00:00 WIB
Australia's BHP denies reports of move to Indonesia
Australia's BHP denies reports of move to Indonesia SYDNEY (AFP): The chief of Broken Hill Proprietary Co. Ltd.'s steel division yesterday denied reports that the resource giant was considering moving its Australian steel operations to Indonesia. "The most important point that I want to make is that in no way are we looking at steel making anywhere overseas in lieu of steel making in Australia," BHP Steel general manager Ron MacNeilly said.
Wed, 16 Jul 1997, 00:00 WIB
No solution on East Timor in sight
No solution on East Timor in sight DILI, East Timor (JP): Tomorrow is the 21st anniversary of East Timor's integration into Indonesia but resolving the diplomatic stalemate and overcoming the separatist guerrillas still appear a long way off. Government officials are quick to point out the physical developments in Indonesia's youngest province and the diplomatic gains achieved in various international forums. But top officials admit that a long road still lies ahead.
Wed, 16 Jul 1997, 00:00 WIB
Salim Group shifts Indofood to S'pore
Salim Group shifts Indofood to S'pore SINGAPORE (Reuter): Indonesia's Salim Group unveiled plans yesterday to inject its flagship PT Indofood Sukses Makmur into Singapore's QAF Ltd in one of the largest takeovers in Singapore corporate history. Bread maker QAF, 70 percent controlled by Salim, agreed with Anthony Salim and PT Sumber Sampoerna Nusantara to buy a majority stake in Indofood for about 4.68 trillion rupiah (S$2.75 billion) in cash.
Wed, 16 Jul 1997, 00:00 WIB
SKorea's Kia Group to get bail-out loans
SKorea's Kia Group to get bail-out loans SEOUL (AFP): South Korean banks yesterday announced bail-out loans to the troubled Kia Group under an anti-bankruptcy pact, but the auto giant protested the move as unwarranted. Kia's creditors said that 18 of the group's 38 subsidiaries, including Kia Motors Corp., would benefit. Kia Motors is the country's third largest auto company.
Wed, 16 Jul 1997, 00:00 WIB
Cultural riches on parade at Lake Toba festival
Cultural riches on parade at Lake Toba festival Text and photos by Mulkan Salmona PARAPAT, North Sumatra (JP): Traditional sounds and colorful garb prevailed as North Sumatra's cultural riches were unveiled in kaleidoscopic splendor in the 17th Lake Toba Festival. The solemn declaration of the gong followed by the release of the Djuhung fish by North Sumatra deputy governor Pieter Sibarani marked the official opening of the festival, held in the Lake Toba tourist grounds last Thursday.
Wed, 16 Jul 1997, 00:00 WIB
Is internal security vulnerable?
Is internal security vulnerable? By Aleksius Jemadu BANDUNG (JP): Last month President Soeharto called on intellectuals affiliated with the Association of Indonesian Moslem Intellectuals (ICMI) to study reasons for the riots which occurred in several places before and after the election (The Jakarta Post June 3, 1997). The matter was serious enough that the President decided a study was urgently needed.
Wed, 16 Jul 1997, 00:00 WIB
RI firm signs oil deal
RI firm signs oil deal RANGOON (DPA): The Indonesian company PT Exspan Sumatera Oil has agreed to explore and extract oil and natural gas at three onshore blocks in central Myanmar, government-run media reported yesterday. A production-sharing contract was signed Monday at the Ministry of Energy in Rangoon by representatives of the Indonesian company and the Myanmar Oil and Gas Enterprise (MOGE).
Wed, 16 Jul 1997, 00:00 WIB
Death toll in Lake Toba ferry accident rises to 77
Death toll in Lake Toba ferry accident rises to 77 MEDAN, North Sumatra (JP): The death toll from Sunday's sinking of the Peldatari ferry in Lake Toba, North Tapanuli, rose to 77 yesterday, a local official said. On Monday afternoon, police put the death toll at 60, and said 18 people had been rescued. Antara gave another figure for casualties. It said that up to 75 bodies had been recovered by yesterday afternoon.
Wed, 16 Jul 1997, 00:00 WIB
Robber mobbed to death
Robber mobbed to death JAKARTA (JP): An angry crowd mobbed a man to death yesterday for robbing the driver of an angkot, a seven-seat public transportation minivan, in Tangerang, police said. The crowd also caught the man's wife and beat her, City Police spokesman Lt. Col. E. Aritonang said. He said the woman, Yani, 30, confessed she, together with her husband and friends, robbed another public transport driver earlier in the morning as well.
Wed, 16 Jul 1997, 00:00 WIB
China pulls out of Indonesian Open in visa row
China pulls out of Indonesian Open in visa row BEIJING (Agencies): China has pulled out of the Sony Indonesian Open badminton tournament accusing the host nation of failing to issue team visas on time, a Chinese Badminton Association official said yesterday.
Wed, 16 Jul 1997, 00:00 WIB
Wardiman downplays school fee hikes
Wardiman downplays school fee hikes JAKARTA (JP): Minister of Education and Culture Wardiman Djojonegoro countered queries yesterday on hikes in public school fees by calling them just another case of legal loopholes being exploited. "How come you all make such a big fuss when a school is expensive? You never do that when parents buy expensive Kijangs," Wardiman told journalists who had tried to question him on the hikes.
Wed, 16 Jul 1997, 00:00 WIB
No Paper
No Paper In observance of Prophet Muhammad's Birthday (Maulid Nabi), The Jakarta Post will not be published tomorrow. The Post will appear again on Friday. -- Publisher
Wed, 16 Jul 1997, 00:00 WIB
RI and S. Africa agree to boost bilateral ties
RI and S. Africa agree to boost bilateral ties JAKARTA (JP): Indonesia's President Soeharto and South African President Nelson Mandela held talks yesterday on strengthening economic and political ties including a general exchange of views on the East Timor issue. After a 90-minute discussion at Merdeka Palace, Indonesian Minister/State Secretary Moerdiono said: "The two leaders agreed to boost trade relations by involving the private sector".
Wed, 16 Jul 1997, 00:00 WIB
Whale hunting draws tourists
Whale hunting draws tourists KUPANG, Southeast Sulawesi: More than 50 foreigners flock to Lamalera, a tiny islet at the tip of Lomblen Island, every year to witness whale hunting and slaughtering, Antara reported yesterday. The news agency quoted Rafael Tapaona, a local fisherman, as saying that 130 whales have been caught and slaughtered in the last three years. Rafael said fishermen trade their catch for tubers, corn, and other necessities.
Wed, 16 Jul 1997, 00:00 WIB
Tribe donates land for resettlement
Tribe donates land for resettlement FAKFAK, Irian Jaya: People in the West Mimika district have donated 90,000 hectares of tribal land to the Fakfak regency for a new resettlement site, a local transmigration official has said. Nafruil Hutapea, the head of the Transmigration Department at the Fakfak administration, told Antara Monday that there was a greater understanding among the people of the importance of transmigration in boosting development in their area.
Wed, 16 Jul 1997, 00:00 WIB
RI faces no financial obligation at WTO car row
RI faces no financial obligation at WTO car row JAKARTA (JP): Indonesia will have no financial obligation toward complainants of the national car policy if, at this stage, the World Trade Organization's (WTO) dispute settlement panel rules in favor of the complainants, a minister says.
Wed, 16 Jul 1997, 00:00 WIB
Sumatra's pulp producers told to stop expansion
Sumatra's pulp producers told to stop expansion JAKARTA (JP): The Ministry of Forestry has ordered pulp producers in Sumatra to stop production expansion due to a shortage of raw material.
Wed, 16 Jul 1997, 00:00 WIB
SE Asia may feel interest rates rise pinch
SE Asia may feel interest rates rise pinch KUALA LUMPUR (Reuter): From the price of wheat to petrol, some Southeast Asian consumers may begin feeling the pinch of rising interest rates as central banks struggle to defend flagging currencies, analysts said yesterday. Over the past few weeks, the Thai baht, Philippine peso and Malaysian ringgit have all fallen prey to speculative attack, forcing the central banks of each country to boost interest rates in a bid to prop up their sagging currencies.
Wed, 16 Jul 1997, 00:00 WIB
Bapepam to boost law enforcement
Bapepam to boost law enforcement JAKARTA (JP): The Capital Market Supervisory Agency promised here yesterday to strengthen its law enforcement to protect the investing public. Agency chairman I Putu Gede Ary Suta said all capital market players and their supporting institutions should abide by the existing regulations or lose their licenses. "We have preventive and repressive measures ...
Wed, 16 Jul 1997, 00:00 WIB
Illegal buildings demolished
Illegal buildings demolished JAKARTA (JP): City public order officers demolished dozens of illegal buildings in Sunter district, North Jakarta, on Monday, after owners failed to abide by North Jakarta mayoralty's demolition order issued last year. Demolition was conducted under the coordination of North Jakarta public order office official A. Soffiyana, with officers of the local district military command and North Jakarta Police precinct assisting.
Wed, 16 Jul 1997, 00:00 WIB
Participants to urge Brunei to host Games
Participants to urge Brunei to host Games JAKARTA (JP): Participating countries at this year's Southeast Asian (SEA) Games will urge Brunei Darussalam to host the 20th event in 1999, the National Sports Council's chairman, Wismoyo Arismunandar, said yesterday. "If Brunei has problems staging the event, if the country cannot stage 34 sports, we can discuss the problems and find the solutions to keep the Games going," Wismoyo said.
Wed, 16 Jul 1997, 00:00 WIB
Surjadi brief new councilors
Surjadi brief new councilors JAKARTA (JP): Governor Surjadi Soedirdja reminded newly elected city councilors yesterday to avoid narrow-minded political notions after they are installed on Friday. Speaking at the opening of a two-day briefing for new councilors at City Hall, he said they should not make irresponsible statements just to popularize themselves. "You should give priority to the nation's interest rather than your parties'.
Wed, 16 Jul 1997, 00:00 WIB
TV programs
TV programs Today TVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Family's Film: Big Brother Jake 3:10 Children's Program: Anak-Anak Indonesia 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Topacio 5:55 Music 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 6:53 Music 7:00 Evening News 7:35 Live Reports: Prophet Muhammad's Birthday 10:00 World News 10:30 Music: Kamera Ria 11:30...
Wed, 16 Jul 1997, 00:00 WIB
Aceh to get new cement plant
Aceh to get new cement plant JAKARTA (JP): PT Samana Citra Agung Banda Aceh and Malaysia's Tenggara Capital Bhd plan to set up a US$450 million cement factory in Pidie regency, Aceh, Antara said yesterday. PT Semen Muara Bate Tenggara, the joint venture company, will have an annual capacity of 1.2 million tons of cement a year, Antara reported quoting a Banda Aceh investment official. Chairman of the Aceh Provincial Investment Coordinating Board, Husein A.
Wed, 16 Jul 1997, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Music * Planet Hollywood, Jl. Gatot Subroto Kav. 16, South Jakarta, Music Hours, Wednesday to Sunday, 9.30 p.m. onwards: Tricia Tahara, an American Singer. Top Classic Rock Music, every Thursday. Flashback night features old time favorite songs, every Friday. * 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.
Wed, 16 Jul 1997, 00:00 WIB
Nuclear plant 'to supply 10% of Java's electricity'
Nuclear plant 'to supply 10% of Java's electricity' JAKARTA (JP): A senior official at the National Atomic Energy Agency (Batan) said yesterday that an estimated 10 percent of Bali's and Java's electricity supply in 2021 would be generated by nuclear power.
Wed, 16 Jul 1997, 00:00 WIB
Pornographic films
Pornographic films From Republika I recently visited a friend who lives in Depok and noticed that many people in the area live in modest houses. But I was surprised to see a cinema building where profane posters were displayed with striking film titles that could influence the children living nearby. My concern is that such films can have a negative influence on moviegoers. It is quite likely that violence prevailing in our society is attributed to films of that sort.
Wed, 16 Jul 1997, 00:00 WIB
TB cases decline in Medan
TB cases decline in Medan MEDAN, North Sumatra: The number of people suffering from tuberculosis (TB) in Medan is expected to drop to around 6,000 this year from 10,000 in 1996, a health official said. Sjahrial Anas of the Indonesian Tuberculosis Eradication Association did not explain why he predicted the decline. Sjahrial told Antara however that TB could be cured within six to nine months through regular checkups. He noted that only 46 percent of TB sufferers bothered to do this.
Wed, 16 Jul 1997, 00:00 WIB
Spotlight
Spotlight Photo A: Chinese Sari Pan Pacific ECONOMIC ENTOURAGE: China's deputy minister for foreign trade and economic cooperation, Li Guohoa (second left), arrives at the Hotel Sari Pan Pacific in Jakarta to attend the fourth Indonesia- China joint commission meeting. The hotel's executive assistant manager, Lucien Blanchard (left), escorted the Chinese official to the opening of the two-day meeting, which ended last Wednesday.
Wed, 16 Jul 1997, 00:00 WIB
House debates on futures exchange bill dragging
House debates on futures exchange bill dragging JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo said yesterday he had no intention of canceling a special team assigned to set up a futures commodity exchange despite objections from members of the House of Representatives. Tunky told a hearing with the House Commission VI for industry, mining and manpower that he would only agree to revise the ministerial decree he had issued for the team's establishment.
Wed, 16 Jul 1997, 00:00 WIB
Potain expects increase in Asia crane sales
Potain expects increase in Asia crane sales SINGAPORE (Reuter): French tower crane manufacturer Potain expects to see its annual sales in Asia including Indonesia grow 20 percent for the next few years, a senior company official said yesterday. "We believe that significant sales increase can be achieved in Indonesia, Vietnam and Philippines, which can be booming areas from the market overall," said Eric Etchart, Asia sales director.
Wed, 16 Jul 1997, 00:00 WIB
Pressure on Southeast Asian currencies eases
Pressure on Southeast Asian currencies eases SINGAPORE (AFP): Pressure on Southeast Asian currencies eased yesterday, a day after they sank to their lowest points this year, as speculators feared concerted central bank intervention, dealers said. But some analysts felt that U.S. hedge funds, whose attacks led to the effective devaluation of the Thai baht and Philippine peso, would now turn their attention to the North Asian currencies.
Wed, 16 Jul 1997, 00:00 WIB
Banking sector's competitiveness
Banking sector's competitiveness From Merdeka To enhance the banking sectors' competitiveness we should take into account the following strategy. Only two banks are needed: one with a major orientation on cooperatives and the other dealing with retailers and middle- scale businesses. The existing network should be maintained. Rationalization should be kept at a minimum and carried out gradually, to effect all regional branch offices. And last but not least, the need to maintain professionalism.
Wed, 16 Jul 1997, 00:00 WIB
More deregulation needed 'to protect rupiah'
More deregulation needed 'to protect rupiah' JAKARTA (JP): Senior economist Sumitro Djojohadikusumo and businessmen Sofyan Wanandi and James T. Riady yesterday praised the government's quick move to expand the dollar-rupiah intervention band to withstand speculative attacks on the rupiah. But they suggested the government further deregulate the economy, reduce the current account deficit and manage foreign debt to strengthen the economic fundamentals and keep speculators out of Indonesia.
Wed, 16 Jul 1997, 00:00 WIB
Leniency sought for vendors
Leniency sought for vendors JAKARTA (JP): Lawyers defending three sidewalk vendors made a last minute appeal to the Central Jakarta District Court yesterday to give as light sentences as possible to their clients for their role in a riot in January. The team of lawyers from the Jakarta Legal Aid Institute said their clients had expressed remorse in court for their role in the riot at the Tanah Abang market in Central Jakarta, where a government building was razed.
Wed, 16 Jul 1997, 00:00 WIB
Govt guarantees safety for next MPR session
Govt guarantees safety for next MPR session JAKARTA (JP): The government has promised a safe general session of the People's Consultative Assembly next March when the body will elect a president and vice president. Minister of Defense Edi Sudrajat told a hearing of House Commission I on defense and political affairs yesterday that there was nothing to worry about.
Wed, 16 Jul 1997, 00:00 WIB
Hun Sen has ASEAN caught in a quagmire
Hun Sen has ASEAN caught in a quagmire If Hun Sen's swift swoop on his coalition partner, First Prime Minister Prince Norodom Ranariddh, is said to be a coup, how would one describe the refusal of Rangoon's generals to hand over power to the popularly elected National League for Democracy? Hun Sen has shown, time and again, that he is a shrewd politician. By launching the coup, he has forced ASEAN's hand.
Wed, 16 Jul 1997, 00:00 WIB
Students to start rural internship
Students to start rural internship JAKARTA (JP): One hundred forty students from three prestigious state universities will descend on the tiny districts of Jonggol and Cariu in Bogor today to start a rural internship program, the University of Indonesia (UI) announced yesterday. The main theme of the program, known by the Indonesian acronyms KKN, is to help prepare villagers for environmentally friendly development, the university said in a statement.
Wed, 16 Jul 1997, 00:00 WIB
Celebrating independence day
Celebrating independence day From Neraca The month of August is just around the corner. Indonesians will celebrate this historic month in various ways. Sports, art festivals and other activities will climax on Independence Day, Aug. 17. Every time we celebrate the national day, the festivities are colored by extravagant activities. The programs are filled with all kinds of races and contests, most of them childish such as shrimp chip eating contests etc.
Wed, 16 Jul 1997, 00:00 WIB
Riaupulp tenders for bonds
Riaupulp tenders for bonds SINGAPORE (Reuter): Asia Pacific Resources International Holdings Ltd (APRIL) subsidiary P.T. Riau Andalan Pulp & Paper (Riaupulp) has commenced an offer to purchase outstanding notes, Riaupulp said. It said in a statement on Tuesday its offer was for all outstanding 11 1/2 percent guaranteed secured notes due 2000 and all 13 1/4 percent guaranteed secured notes due 20005 issued by its subsidiary, RAPP International Finance Co B.V.
Wed, 16 Jul 1997, 00:00 WIB
Dollar-rupiah band widening 'preemptive'
Dollar-rupiah band widening 'preemptive' TOKYO (Reuter): The widening of the dollar-rupiah band was a preemptive move, Indonesia's central bank Governor Soedradjad Djiwandono said here yesterday. Soedradjad said that with recent regional developments and currency volatility, widening the band was "an effective measure to hedge our own reserves, so not to be influenced, so not to be dictated by the developments of the market".
Wed, 16 Jul 1997, 00:00 WIB
Repo pacts slower than other steps
Repo pacts slower than other steps TOKYO (Reuter): Bank Indonesia (central bank) governor Soedradjad Djiwandono said yesterday that Asian central banks had not used repurchase (repo) agreements to help the Thai central bank because they were slower than other measures. He said that he believed that when the Thai government was faced with a currency shock that combined both economic and political factors they had wanted fast measures.
Wed, 16 Jul 1997, 00:00 WIB
U.S. to take up Myanmar issue at ASEAN forum
U.S. to take up Myanmar issue at ASEAN forum KUALA LUMPUR (AFP): U.S. Secretary of State Madeleine Albright plans to take up the "central issue" of Myanmar in talks with Southeast Asian foreign ministers here next week, a top U.S. official said yesterday. A special assistant to President Bill Clinton, Sandra Kristoff, warned at a forum by satellite with Asian journalists that Myanmar's entry into ASEAN would affect the group's image, Malaysia's Bernama news agency said.
Wed, 16 Jul 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 15, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,175 0 48,000 AHAP Insurance 2,800 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 1,325 -50 9,331,500 Alumindo Perkasa 900 -25 150,500 Aneka Kimia Raya 1,525 25 1,303,500 Anwar Sierad 1,100 0 956,500 Apac Centertex Corp.