Indonesian Political, Business & Finance News

Archive: 16 July 1997

59 articles found

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.

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.

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.

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No Paper In observance of Prophet Muhammad's Birthday (Maulid Nabi), The Jakarta Post will not be published tomorrow.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

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.

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.

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.

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.

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.

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...

Cultural riches on parade at Lake Toba festival

Cultural riches on parade at Lake Toba festivalText 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.

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.

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.

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.

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.

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.

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.

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...

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.

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.

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.

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.

Community's money?

Community's money?From MerdekaIsmuzar 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.

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...

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.

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.

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...

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.

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.

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.

Spotlight

SpotlightPhoto A: ChineseSari Pan PacificECONOMIC 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.

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.

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.

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...

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.

Celebrating independence day

Celebrating independence dayFrom NeracaThe 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.

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.

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...

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.

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.

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.

Banking sector's competitiveness

Banking sector's competitivenessFrom MerdekaTo 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.

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.

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.

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.

Stock Exchange

Stock ExchangeStock 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...

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...

Pornographic films

Pornographic filmsFrom RepublikaI 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.

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.

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.

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.

TV programs

TV programsTodayTVRI 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...

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...

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.

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.

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...

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.

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.Minister of Forestry Djamaludin Suryohadikusmo said after a hearing of House Commission IV for agriculture,...

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.