Indonesian Political, Business & Finance News

Archive: 2 July 1997

61 articles found

Fire destroys 400 houses

Fire destroys 400 houses SAMARINDA, East Kalimantan: Fire destroyed 400 houses Monday in a densely populated coastal area in Tarakan district, a press report said yesterday. About 1,500 people lost their homes in the fire but no casualties were reported. Tarakan military chief Lt. Col. V. Suwandi said it had taken fire fighters three hours to put out the fire because access was difficult. Many of the houses, he said, had been built on stilts in the shallows.

Hearings postponed, judges absent

Hearings postponed, judges absent JAKARTA (JP): Nine criminal case hearings at Central Jakarta District Court were postponed yesterday due to judges attending another judge's inauguration in Cirebon, West Java. Secretary of Central Jakarta District Court, Baharuddin Samad, said judges were permitted to go to Cirebon for the installation of Gatam Tarmidi as chief of Cirebon District Court. "At least six judges were allowed to go, but some are still here and carrying out their duties," he said.

Maintaining rice self-sufficiency vital: Minister

Maintaining rice self-sufficiency vital: Minister JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah said again yesterday that it was important to maintain self- sufficiency in rice because importing too much rice could lead to economic and political instability.

Suhardiman upset over expert's remarks on Golkar

Suhardiman upset over expert's remarks on Golkar JAKARTA (JP): Constitutional law expert Harun Alrasyid drew fire yesterday for saying the dominant political group Golkar should not take up seats in the House of Representatives as long as it refused to call itself a party. Vice Chairman of the Supreme Advisory Council Suhardiman, who was one of Golkar's founders 33 years ago said Harun "must be politically blind," Antara reported. Suhardiman said Harun had no knowledge of Golkar's history.

Not all homes to be rebuilt

Not all homes to be rebuilt JAKARTA (JP): Some fire victims in Sawah Besar, Central Jakarta, will not be allowed to rebuild their homes as the buildings were on river banks, a city official said yesterday. The mayoralty's public relations officer, M. Yanis, said some fire victims had received compensation for a river-widening project before the fire occurred. "The rest will soon receive compensation," Yanis said of the victims of a Sunday fire on Jl.

Cigarette industry boosts economy

Cigarette industry boosts economy JAKARTA (JP): The cigarette industry says it paid about Rp 3.58 trillion (US$1.49 billion) in tobacco duties to the government in 1996, up from Rp 3.04 trillion in 1995. Ismanu Soemiran, chairman of Gappri -- the industry's association -- told the House of Representatives yesterday that the state budget for fiscal year 1997/1998 expected Rp 4.43 trillion in revenue from excise duties, 95 percent from cigarette makers.

Students protest to Education Ministry

Students protest to Education Ministry JAKARTA (JP): More than 100 students demonstrated at the Ministry of Education and Culture yesterday, condemning an attack by soldiers on the Christian University of Indonesia's Cawang campus in East Jakarta. The students protesting last Monday's incident also came from Dr. Mustopo University and the National Science and Technology Institute. They demanded Minister of Education and Culture Wardiman Djojonegoro ask Armed Forces Chief Gen.

ASEAN offers Cambodia help to solve political crisis

ASEAN offers Cambodia help to solve political crisis HONG KONG (Agencies): The Association of Southeast Asian Nations (ASEAN) said yesterday it was ready to help conduct Cambodia's 1998 national elections and offer other assistance to help bail the country out of its prolonged political crisis.

TV today

TV 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 7:30 Entrepreneurship Program: Mitra Kita 8:00 News: Lintasan Berita 8:05 Quiz: Dewasa 8:30 Technology...

SIA, P&W to form engine overhaul joint venture

SIA, P&W to form engine overhaul joint venture SINGAPORE (Reuter): Singapore Airlines (SIA) and Pratt & Whitney (P&W) have agreed to form an engine overhaul joint- venture to tap opportunities in the Asia-Pacific region, senior company officials said yesterday. P&W, a unit of U.S.-based United Technologies, will own 51 percent of the venture with SIA Engineering, a wholly-owned subsidiary of SIA, holding the balance.

House members check Bank Arta Prima scam

House members check Bank Arta Prima scam JAKARTA (JP): House members said yesterday that Made Oka Masagung, who has been in police custody since May 6 in connection with an alleged Bank Arta Prima promissory notes scam, could ask for a pre-trial judgment. "I think Masagung could even be released immediately if his case is not a criminal but a civil one," said Oka Mahendra, a member of the Golkar faction at the House of Representatives.

Polysindo's debt ratings upgraded

Polysindo's debt ratings upgraded JAKARTA (JP): Moody's Investors Service upgraded its rating on two guaranteed secured notes of Polysindo International Finance Company B.V. to Ba2 from Ba3 and its rating on the US$2.5 million senior notes of PT Polysindo Eka Perkasa to B1 from B2.

Man nabbed for killing mom's lover

Man nabbed for killing mom's lover JAKARTA (JP): Police arrested an 18-year-old man for allegedly killing his mother's boyfriend in Senen, Central Jakarta, an officer said yesterday. Central Jakarta Police Chief Capt. Mulyono said Munadi beat Waryono, 39, on the head with a piece of wood early Monday morning. Munadi got angry when he saw Waryono drunk, Mulyono said. He said local residents found Waryono, who was a driver in a steel shop in the area, lying on the ground.

Call for probe into deaths of Indonesians working abroad

Call for probe into deaths of Indonesians working abroad JAKARTA (JP): About 50 people rallied at the Ministry of Manpower yesterday to demand a government investigation into the suspicious deaths of Indonesians working overseas. Labor activists and relatives of workers who had died overseas demanded better legal protection for Indonesian migrant workers. They said they had a list of 499 Indonesian workers who had died working overseas since 1991.

Boyolali drought drags on

Boyolali drought drags on JAKARTA (JP): The drought in Boyolali, Central Java, is so severe that many residents can only bathe twice monthly, a press report said yesterday. The dry season began last April and the rainy season won't come until at least October. Antara reported yesterday that many Boyolali residents had to travel as far as six kilometers from home to fetch drinking water. In some areas, people are lucky enough to receive drinking water from the government.

458-year-old rug returned to Iran

458-year-old rug returned to Iran TEHRAN (AP): A 16th-century Persian rug valued at more than US$4 million was returned to Iran three years after it was smuggled out of the country, the Tehran Times reported yesterday. Iranian authorities began a campaign two years ago to retrieve the so-called Ardabil Rug, one of the most famous Persian carpets in the world, woven in 1539. It was smuggled out of the country by a 35-member gang, the English-language Tehran Times reported.

Malay urged as ASEAN language

Malay urged as ASEAN language KUALA LUMPUR (DPA): Malay and Indonesian, which are similar and widely spoken in the region, should be made the second lingua franca besides English within the Association of Southeast Asian Nations (ASEAN), a Malaysian official suggested yesterday.

Four jailed for beating soldier

Four jailed for beating soldier DILI: Four of 16 people charged with beating to death an off- duty soldier last Christmas eve were sentenced here Monday to between six and half months and eight months in prison. They were found guilty of assaulting First Corporal Alfredo Siga when thousands of East Timorese welcomed Dili Bishop Carlos Filipe Ximenes Belo home from Oslo after he had collected his Nobel peace prize. The heftiest sentence was handed down to Jose Nunu Lopes.

North Sumatra losing mangroves

North Sumatra losing mangroves MEDAN, North Sumatra: More than 1,000 hectares of the 15,765 hectares of mangroves in the Langkat nature reserve have been lost because of illegal logging, a local official has said. The provincial conservation office's chief, Amir Hamzah, said Monday the mangrove trees had been logged and sold to illegal, small businesses which made charcoal. The Langkat regency administration declared the reserve a protected area in 1980 to maintain the local ecosystem.

German yacht pirated in Ancol

German yacht pirated in Ancol JAKARTA (JP): Five people pirated a German yacht which was anchored in Jakarta Bay on Sunday, severely wounded the navigator, and made away with all navigation equipment and other belongings, the yacht owner said yesterday. Richard Glattki, the German owner and captain of the yacht, the M.S. Schleswig, said that the incident cost him Rp 30 million (US$12,244) in losses. "The piracy took place at 1 a.m. on Sunday.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 1, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,200 0 1,500 AHAP Insurance 2,800 100 5,500 Alter Abadi 1,000 0 5,000 Alumindo Light Metal 1,100 -25 827,500 Alumindo Perkasa 875 0 16,000 Aneka Kimia Raya 1,400 25 1,276,000 Anwar Sierad 1,175 100 5,325,000 Apac Centertex Corp.

Fire leaves 1,000 families homeless

Fire leaves 1,000 families homeless JAKARTA (JP): A fire spread through a dense slum area in the Johar Baru subdistrict in Tanah Tinggi, Central Jakarta, last night. The fire gutted at least 300 homes, mostly two-story houses. Police said around 1,000 families were left homeless. Each house had been occupied by at least five people. No fatalities were reported. One man was injured when he fell off a roof trying to put out the fire.

Dutch love affair in Kemang 'Tea Room'

Dutch love affair in Kemang 'Tea Room' Have I ever told you about my mother? No, I don't think so. First, why should I? Second, you probably think Epicurus can't possibly have a mother. While the soundness of Epicurus' judgment may be debatable, the concept of a mother just seems so out of place in the floating, quasi-ethereal world of the Food Critic.

Hoegeng attends police anniversary ceremony

Hoegeng attends police anniversary ceremony JAKARTA (JP): Retired police general Hoegeng Imam Santoso, long ostracized by the service he once led because of his political views, attended Bhayangkara Day celebrations yesterday to mark the 51st anniversary of the National Police. It was the first time that Hoegeng, who led the force from 1968 to 1971, had donned his police uniform for some time. "This is kind of heavy.

HK-related stocks fall on weak Asia-Pacific bourses

HK-related stocks fall on weak Asia-Pacific bourses SINGAPORE (AFP): Hong Kong-related shares eased in Singapore and Tokyo yesterday as major Asia--Pacific bourses fell with investors locking away profits in lackluster trade, brokers said. Dealers said trading eased considerably as a "red chip fever" on mainland controlled stocks died out with the resumption of Chinese sovereignty over the territory at midnight (1600 GMT) Monday.

Indorayon's sales plunge

Indorayon's sales plunge JAKARTA (JP): Publicly listed PT Indorayon Inti Utama yesterday reported a steep fall in its pulp and rayon sales to Rp 331.10 billion (US$135.6 million) last year from Rp 629.7 billion in 1995. Indorayon's Director P. Daritan said in Medan that the sales turnover drop was caused by a market glut last year which sent pulp prices plunging to an average $320 a ton.

Berau-Pratama $1b coal deal

Berau-Pratama $1b coal deal JAKARTA (JP): PT Berau Coal, a joint venture of PT United Tractors and Nissho Iwai, has gained a US$1 billion contract to supply 1.1 million tons of coal a year to PT Dayalistrik Pratama's West Java power plant project. Berau said here yesterday that with the new contract, signed on Monday, Berau now had 4.25 million tons a year under long-term contracts.

Jamboree honors Mrs. Tien

Jamboree honors Mrs. Tien JAKARTA (JP): When the Pramuka (Indonesian scouts) jamboree opened at Cibubur, East Jakarta, yesterday, First Lady Mrs. Tien Soeharto was sorely missed. Working for the scout movement was one of Mrs. Tien's most cherished activities. She rarely missed a function of national scale and she always turned up in scout uniform: a light brown top and dark brown skirt. Although absent, her immense contribution to the movement was officially recognized and honored.

Preacher Afifudin to stand trial

Preacher Afifudin to stand trial SEMARANG: A Moslem preacher will soon be tried on charges of inciting riots in Pekalongan, Central Java, in March, the town's district court chief said yesterday. Suharyono of the Pekalongan district court said he had received dossiers on the preacher, Afifudin Musytari, and that the trial could begin any time. But court officials are considering trying him in Semarang for security reasons.

APEC export financing bodies to cut risks

APEC export financing bodies to cut risks TOKYO (AFP): Asia-Pacific export financing institutions proposed yesterday to boost cooperation to reduce investment risks in an effort to raise private-sector funds for infrastructure development, officials said. The proposal was made during a meeting of export financing institutions from the 18-member countries of the Asia Pacific Economic Cooperation (APEC) forum in Tokyo, the officials said.

Manila to cut port fees

Manila to cut port fees MANILA (Reuter): The Philippines had agreed to halve port fees charged to vessels plying the East Asean Growth Area (EAGA), the presidential palace said yesterday. Based on a presidential memorandum signed on June 19, port dues would be reduced to $0.020 per gross tonnage from the previous $0.040 for ships plying the area.

Where to go in Jakarta:

Where to go in Jakarta: Music * Champions Sports Bar & Restaurant, Jl. Kemang Raya No. 10 South Jakarta: Lemon Tea Band, Thursday. Kin/Deja Vu, Friday. Gypsy Can Band, Saturday; Time Bomb Blues, Sunday. All the Bands at 10 p.m. onwards. * 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.

U.S. expert says plagiarism rampant in RI journalism

U.S. expert says plagiarism rampant in RI journalism JAKARTA (JP): Proper sourcing in editorial writing is the best way to avoid plagiarism, an American journalism expert said yesterday. Visiting Fulbright professor Alice M. Klement said plagiarism happened because of the way that news was packaged and delivered. Klement told at a seminar here on plagiarism in Indonesian and American media that another reporting flaw was the use of press releases without follow-up by reporters to check accuracy.

Loan for teachers

Loan for teachers From Suara Karya When will the authorities give primary school teachers working in remote places long-term soft loans? I have applied for credit from a bank for a 10-year period with an annual interest of 1 percent. But the district office boss did not approve my application. He only wanted to sign the application if the loan installments could be completed in 48 months. How could I possibly take such a short-term loan with my small salary?

Try opens week-long second 'Kraton' Festival

Try opens week-long second 'Kraton' Festival By K. Basrie CIREBON, West Java (JP): Vice President Try Sutrisno opened the second Kraton (royal court) Festival in a colorful regal ceremony that drew thousands of spectators yesterday. Tourists, locals and festival participants thronged the football field-size Sangkakala Square, opposite the 468-year-old Kasepuhan Palace, and adjacent streets for a glimpse of princes, princesses and the traditions of Indonesia's few surviving royal courts.

National Police to be restructured, says Gen. Feisal

National Police to be restructured, says Gen. Feisal JAKARTA (JP): The organization of the National Police will be restructured this month, Armed Forces Commander Gen. Feisal Tanjung said yesterday. He said National Police would have a new Vice National Police Chief position.

RI's cotton import up

RI's cotton import up WASHINGTON (Reuter): An agricultural attache at the U.S. embassy in Jakarta forecast Indonesia 1997/98 cotton imports would climb to 2.34 million 480-pound bales from 2.23 million bales in 1996/97. In a report dated June 25 released in Washington on Monday, the attache said the United States would remain the leading supplier of cotton to Indonesia during 1996/97 and 1997/98 but noted U.S.

Trick or treat?

Trick or treat? From Media Indonesia On June 24, I visited the Jakarta Fair with some friends. As I was about to enter the main gate I was attracted by a sideshow which I had never seen before. The show involved kicking a ball between a goalpost. People were invited to play free of charge. The visitors were invited to take turns kicking the ball. Upon entering the playground I was asked to meet a salesgirl who offered me a product which resembled a sweet.

Yayuk Basuki goes one step better at Wimbledon

Yayuk Basuki goes one step better at Wimbledon LONDON (Agencies): Yayuk Basuki, who has reached the fourth round at Wimbledon in four of her six previous visits, went one step better yesterday. The 26-year-old Indonesian ruthlessly brushed aside experienced Canadian Patricia Hy-Boulais 6-0, 7-6 (7-2) for a quarterfinals showdown with either third-seeded Czech Jana Novotna or 11th-seeded American Mary Joe Fernandez.

Youth group executives deny proposing Kentot

Youth group executives deny proposing Kentot JAKARTA (JP): Representatives of 11 youth organizations denied yesterday proposing former Jakarta Military Commander Maj. Gen. Kentot Harseno as a Jakarta governor candidate. A spokesman for the organizations, Bandingan Daulay, said that they proposed three candidates for governor through the National Youth Committee city branch (KNPI). The three were Lt. Gen. A.M. Hendropriyono, Maj. Gen.

Activists must unite: Megawati

Activists must unite: Megawati YOGYAKARTA (JP): Ousted leader of the Indonesian Democratic Party (PDI) Megawati Sukarnoputri said yesterday that Indonesian prodemocracy advocates lacked solidarity. Indonesian prodemocracy groups were busy minding their own business rather than joining forces to achieve a common goal, she said in a seminar. She said prodemocracy activists were like people living in different chambers of a glasshouse where outsiders could clearly see everything that they did.

Garuda continues IPO plan despite revenue snag

Garuda continues IPO plan despite revenue snag JAKARTA (JP): State-owned flag carrier Garuda Indonesia is continuing to restructure in a bid to qualify for public listing even though it did not meet its revenue targets in the first quarter this year, it said yesterday. Garuda's president, Soepandi, said in a hearing with House of Representatives members here that passenger- and cargo-services revenue increased 0.5 percent and 14.9 percent respectively over the same period in 1996.

IPTN planes shortlisted

IPTN planes shortlisted CANBERRA (Reuter): Australia yesterday shortlisted IPTN of Indonesia, CASA of Spain, and a consortium of Lockheed Martin Corp and Italy's Alenia to replace its old Caribou light transport aircraft. "The new aircraft will maintain the capability currently represented by the Royal Australian Air Force's DHC-4 Caribou aircraft and will be used primarily in the tactical air transport role," Defense Minister Ian McLachlan said in a statement.

Spotlight

Spotlight Photo A: Egyptian JP/bay FRIENDSHIP PHOTOS: Egyptian Ambassador Mohmoud Osman (left) and Indonesian Foreign Minister Ali Alatas look at a photo display commemorating the 50th anniversary of the signing of the Treaty of Friendship and Cordiality between their two countries. A seminar was held at the Foreign Ministry building in Jakarta last week to commemorate the treaty, in which Egypt became the first country to recognize Indonesia's independence.

Is Jakarta shaping Indonesia's future

Is Jakarta shaping Indonesia's future By Ignas Kleden JAKARTA (JP): Jakarta celebrated its 470th anniversary on June 22, 1997. It is a relatively young city when compared to other world metropolises and capital cities, though the criteria of being old and young are very elastic. Berlin, the capital city of the reunited Germany, is considered relatively young according to European standards, though the metropolis was founded at the end of the 12th century and became a union in 1307.

Experts criticize mining policy changes

Experts criticize mining policy changes JAKARTA (JP): The government's proposed changes to mining policy, one of which would require foreign contractors to give a 10 percent share of their mining ventures to the government, drew criticism from several former mining officials and analysts yesterday.

JP Bistro brings refreshing change to hotel buffet concept

JP Bistro brings refreshing change to hotel buffet concept By John Aglionby JAKARTA (JP): For years sideboards groaning under mountains of mouthwatering delicacies have attracted diners in droves to five- star hotels. And the eat-as-much-as-you-can offer will probably remain popular for many years to come. But a subtle wind of change is starting to blow through the city.

Disappointing return

Disappointing return I would like to comment on the Star Wars Special Edition film, now playing nationwide. I did not like the way the movie was edited and I would like to share this with your readers. I saw the movie at the BIP 21 theater at Bandung Indah Plaza, Bandung. I was a little bit disappointed, not because I was expecting more than a rereleased 1977 movie but because of the way the movie was edited. My first complaint concerns scene cutting.

Asians 'key' samurai market borrowers

Asians 'key' samurai market borrowers TOKYO (Reuter): Asian fund-raisers could become the key borrowers in the samurai market after the recent boom in dual- currency samurai issuing ended abruptly due to the dollar's fall against the yen, underwriting sources said yesterday. With the issuance of dual samurais grinding to a halt in June, the samurai market was dominated by issuers from Hong Kong, Taiwan, South Korea and Indonesia during the month, with a South African bond also being issued.

Corruption and bureaucracy

Corruption and bureaucracy By Aleksius Jemadu JAKARTA (JP): It can be argued that combating corruption within government bureaucracies has become a desperate need in our society. As our economy prospers, illegal appropriation of public funds also tends to increase. During the election campaign period, the United Development Party (PPP), Golkar, and the Indonesian Democratic Party (PDI) made an explicit promise to combat corruption.

Indonesians hostage in Sri Lanka ferry attack

Indonesians hostage in Sri Lanka ferry attack COLOMBO (AFP): Sri Lanka's Tamil Tiger guerrillas destroyed a passenger ferry yesterday and took its nine-member crew hostage, including two Indonesians, according to officials and the owners of the vessel. The separatist Liberation Tigers of Tamil Eelam (LTTE) guerrillas boarded the ferry, the MV Misen, near the northwestern coastal town of Pesali and grabbed the crew, the Defense Ministry said.

Escapee Mikel, prosecutor face arrest

Escapee Mikel, prosecutor face arrest BOGOR (JP): National Police Chief Gen. Dibyo Widodo said yesterday he had ordered the arrest of both a detainee who escaped the Bogor prison Friday and also the prosecutor involved in the case. He said in Jakarta the prosecutor's "game" in the escape of Erling Doly Wijaya alias Mikel, one of two defendants in the Jagorawi toll road murder and robbery case, was "too predictable." The prosecutor in the alleged crime of Oct.

World tea output falls

World tea output falls ROME (AFP): Tea production worldwide is expected to drop this year as a result of insufficient rains, the UN Food and Agriculture Organization (FAO) said in a report released here yesterday. The world harvest is expected to fall short of the record 2.69 million tons set last year, the FAO noted in its report for the 12th session of the intergovernmental group on tea, meeting from Wednesday to Friday in Bali, Indonesia.

Ometraco gets $75m loan

Ometraco gets $75m loan JAKARTA (JP): PT Ometraco Multi Artha, a multi finance subsidiary of the publicly listed PT Ometraco Corporation, has obtained a US$75 million syndicated loan. Ometraco said in a statement yesterday that the loan, which will mature in two years, will be used to expand the factoring, leasing and consumer financing business of Ometraco Multi Artha. The statement said that the loan was arranged by Bank Internasional Indonesia of the widely diversified Sinar Mas Group.

Govt eyes Russian jet fighters

Govt eyes Russian jet fighters JAKARTA (JP): The government is still considering buying jet fighters from Russia after it surprisingly pulled out of a plan last month to buy F-16 Fighting Falcons from the United States. Armed Forces Chief Gen. Feisal Tanjung said yesterday the government had many things to consider before it would decide whether to buy the Russian aircraft.

Critical retired general welcomes chance for talks

Critical retired general welcomes chance for talks JAKARTA (JP): Bambang Triantoro, a retired Army general and a staunch critic of the government, welcomed yesterday the chance to hold talks with the government for the nation's sake. Bambang noted an increasing political will on the part of the government to invite its staunchest critics to official functions, Antara reported. The latest invitation was extended to Gen.

Announcement

Announcement The Jakarta Post has raised its advertisement rates. The new rates (including tax) are as follows: * Line Classified Rp 7,150.-/line (min. 3 lines) * Display Classified Rp 8,250.-/col.mm. (max. 2 col x 100mm) * Display Black & White Rp 7,150.-/col.mm. * Display Color Rp 9,900.-/col.mm. The new rates are valid as of July 1, 1997. The advertisement rates printed in the box in the front page's top right corner yesterday should have listed the new rate charges.

Only 83,100 firms join Jamsostek

Only 83,100 firms join Jamsostek JAKARTA (JP): Only about 83,100 out of the 400,000 registered companies in Indonesia have joined the government sponsored Workers Social Security Program (Jamsostek), an official said yesterday. Bambang Purwoko, the head of research and development at the government-owned social insurance company PT Jamsostek, said that the 83,100 companies employed about 14.6 million people.

MAS maintains forecast

MAS maintains forecast SINGAPORE (Reuter): Singapore's economy is expected to grow by five to seven percent in 1997, the Monetary Authority of Singapore (MAS) said in its 1996/1997 annual report yesterday. The forecast is in line with the government's previous predictions. The growth would be led by a recovery in manufacturing exports, continuing strong construction activity and a buoyant financial sector, it said.

Lack of regular buses to be evaluated

Lack of regular buses to be evaluated JAKARTA (JP): A meeting between city officials and bus owners will be held today to evaluate the lack of Rp 300-fare (12 U.S. cents) buses on designated routes. Chairman of the Organization of Land Transportation Owners (Organda) city-branch, Aip Syarifuddin, said the City Land Transportation Control Agency had given bus owners until June 30 to operate all their regular buses.

Five-ton shark runs aground

Five-ton shark runs aground PURWOREJO, Central Java: A four-ton shark was found beached here yesterday giving a windfall to local fishermen who have complained of small catches in recent days. The 6.7-meter-long shark with a diameter of 4.2 meters was found alive but unconscious on Keburuan beach, Antara reported. A fisherman found the female shark and reported it to local government officials, villagers then butchered it. Fishermen said the shark was about 20 years old.