Indonesian Political, Business & Finance News

Archive: 23 July 1997

70 articles found

Baby and youth killed in fire

Baby and youth killed in fire PALANGKARAYA, Central Kalimantan: Fire destroyed at least 500 houses in Kuala Kapuas Kecil, a slum area in Kuala Kapuas, here Monday evening, killing a baby and a teenage boy.Kapuas regency official Samsi P.

Timor proposes US$840m loan to finance car plant

Timor proposes US$840m loan to finance car plant JAKARTA (JP): PT Timor Putra Nasional has proposed US$840 million in loans from a syndication of state and private banks to help finance the construction of its manufacturing facilities in Cikampek, West Java, a company executive said.

Child labor export upset Soeharto

Child labor export upset Soeharto JAKARTA (JP): Reports on the alleged torture of a 15-year-old Indonesian maid in Singapore drew President Soeharto's concern yesterday over the export of child workers.

Building owners agree to redesign their fences

Building owners agree to redesign their fences JAKARTA (JP): Most owners of high-rise buildings along Jl. M.H. Thamrin in Central Jakarta have agreed to tear down fences and other border walls to create a friendlier atmosphere, a city official said yesterday.

Egypt-Indonesia ties soldier on after 40 years

Egypt-Indonesia ties soldier on after 40 yearsBy Meidyatama Suryodiningrat JAKARTA (JP): Forty years ago in Cairo, one of Indonesia's most legendary political figures, Agus Salim, who was then foreign minister, in a very quiet affair signed a document with Egyptian prime minister Nokrashy Pasha...

Jardine launches two mutual funds

Jardine launches two mutual funds JAKARTA (JP): PT Jardine Fleming Nusantara Investment Management (JFNIM) will launch two mutual funds in the next two months.JFNIM's president Simon Barclay-Brown said here yesterday that the company expected to raise Rp 650 billion (US$270 million) from the two...

Petronas seeks to join PRP refinery project

Petronas seeks to join PRP refinery project SINGAPORE (Reuter): Malaysia's state-owned oil company Petronas is seeking to acquire a stake in the proposed US$4 billion Mindanao refinery in southern Philippines, sources close to the project said yesterday.

Spotlight

SpotlightPhoto A: PaintingsJP/arhPAINTER'S PERSPECTIVE: Artist Yose Rizal (left) explains a work to Gregson Edwards (second from left), cultural counselor of the Australian Embassy, Sabam Siagian (second from right), a former Indonesian ambassador to Australia, and lawyer Nugroho Reksodiputro...

Soeharto happy to open course for legislators

Soeharto happy to open course for legislators JAKARTA (JP): President Soeharto has agreed to open a crash course for the next 500 members of the House of Representatives on Aug. 9 at the State Palace, State Minister of Special Assignments Harmoko announced yesterday.

Protection campaign to safeguard rights of the young

Protection campaign to safeguard rights of the youngBy Rita A. Widiadana JAKARTA (JP): President Soeharto launches a child protection campaign this morning in conjunction with National Children's Day to battle physical and emotional mistreatment.

RI's Irawati to meet Thai Benjamas in Governor Cup

RI's Irawati to meet Thai Benjamas in Governor Cup JAKARTA (JP): Indonesia's Irawati Moerid Iskandar will meet old rival Benjamas Sangaram of Thailand in the second round of the Governor Cup Women's Circuit at the Kemayoran Tennis Complex today.

NTUC, Pidemco take stake in Mal Ciputra project

NTUC, Pidemco take stake in Mal Ciputra project JAKARTA (JP): NTUC Income and Pidemco Land, both of Singapore, agreed here yesterday to take a 10 percent and 5 percent stake respectively in the US$488 million Mal Ciputra project.

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.

Soldiers held for manslaughter

Soldiers held for manslaughter JAKARTA (JP): Three men, who claimed to be members of the Air Force, were arrested and three others were being sought by police for their alleged involvement in the beating death of a security officer of a housing estate in Cipondoh, Tangerang, West Java, on Sunday.

Nirwana Resort to open soon

Nirwana Resort to open soon JAKARTA (JP): Bakrie Group's Nirwana Bali Resort will be fully operational this year after the opening of its five-star Le Meridien Golf & Spa resort hotel in September, the company announced yesterday.

Telkom warns of disruptions

Telkom warns of disruptions JAKARTA (JP): Telephone numbers with prefixes 740, 741, 742, 743, 744, 749, 7470 and 7471 may be disrupted in the next few days because of cable repair work, PT Telkom said on Monday.

Protesters jeer Ramos

Protesters jeer Ramos BAGUIO, Philippines (Reuter): Demonstrators jeered Philippine President Fidel Ramos yesterday over the peso's de facto devaluation and threw back a bunch of flowers he handed out as a peace offering.

Mahathir to probe corruption

Mahathir to probe corruption KUALA LUMPUR (AFP): Malaysia's Prime Minister Mahathir Mohamad returned home yesterday vowing to attack corruption after a two- month break abroad which took him to Europe, the Middle East and Japan."It is necessary to clean things up. We are not going for a witch-hunt.

Iwate eyes Bali as new sister

Iwate eyes Bali as new sister DENPASAR, Bali: Governor of Japan's prefecture of Iwate, Hiroya Masuda, is interested in making his district and the resort island of Bali sister provinces.Following a meeting with Bali Governor Ida Bagus Oka Sunday, governor Masuda said that province city relations...

Nuriana gets gold pen

Nuriana gets gold pen BANDUNG: West Java Governor H.R. Nuriana received a Gold Pen award yesterday from the Association of Indonesian Journalists as a token of appreciation for his contribution to developing the national press.

'Other agenda behind ASEAN currency plunge'

'Other agenda behind ASEAN currency plunge' KUALA LUMPUR (AFP): Malaysia's Prime Minister Mahathir Mohamad believes an international financier opposed to Myanmar joining the Association of Southeast Asian Nations (ASEAN) is behind the turmoil sweeping Southeast Asian currencies, newspapers reported...

Raising SEA Games funds

Raising SEA Games fundsFrom Suara KaryaI would like to make a suggestion about how to raise funds for the upcoming SEA Games. Instead of selling stickers, which can only be pasted onto something, why not sell postage stamps?The post office should issue exclusive SEA Games stamps at the value of Rp...

Rupiah recovering from assaults

Rupiah recovering from assaults JAKARTA (JP): The Indonesian rupiah, helped by the central bank's intervention, recovered yesterday from speculative attacks that drove it to a historic low Monday, dealers and brokers said.They said the rupiah strengthened to 2,570/2,575 against the U.S.

IMF praises tiger economies after Thai baht crisis

IMF praises tiger economies after Thai baht crisis WASHINGTON (Reuter): The tiger economies of southeast Asia won high marks from the International Monetary Fund on Monday for handling the fallout of Thailand's currency crisis, but a top IMF official said Bangkok should act fast to keep its growth...

Cambodia pushes for ASEAN seat

Cambodia pushes for ASEAN seatBy Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): Cambodia is still expressing a keenness to join the Association of Southeast Asian Nations (ASEAN) immediately, but officials took a wait-and-see approach here yesterday, saying that a final decision would be...

RI workers in Singapore

RI workers in Singapore We were shocked by the report on the torture experience by 14- year old Hartati, from Banyumas, Central Java, a migrant worker in Singapore.Based on our experience in handling the case of the late Sutarmi Samin from Lampung who died in Singapore, we would like to state that...

Yayuk Basuki to compete at 19th SEA Games

Yayuk Basuki to compete at 19th SEA Games JAKARTA (JP): The National Sports Council is relieved that it will probably win two gold medals in tennis at the 19th Southeast Asian (SEA) Games here in October because Indonesia's top tennis player Yayuk Basuki will compete in the biennial event.

ASEAN officials draft ministers' communique

ASEAN officials draft ministers' communiqueBy Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): Senior Association of Southeast Asian Nations (ASEAN) officials ended their meeting yesterday, fine-tuning the final communique for ministerial consideration and calling for the nuclear weapons...

PHRI to hold national convention tomorrow

PHRI to hold national convention tomorrow JAKARTA (JP): The Indonesian Hotels and Restaurants Association (PHRI) will begin its 12th national convention in Jakarta tomorrow, chairman Pontjo Sutowo said yesterday.President Soeharto will address the convention on July 25.

Indonesian resort to host Australasian PGA 1st round

Indonesian resort to host Australasian PGA 1st round SYDNEY, Australia (Agencies): Bintan Resort in Indonesia was named yesterday as host course for the first tournament on the 1997-98 Australasian PGA golf tour.The tour starts Sept. 11 to Sept.

Indonesia to semifinal at ABC championship

Indonesia to semifinal at ABC championship JAKARTA (JP): Indonesia's Aspac advanced to the semifinals of the 8th Asian Basketball Confederation championship yesterday after ousting Hong Kong's Regal 91-71 in the quarterfinals.

Caltex urges government to extend its CPP contract

Caltex urges government to extend its CPP contract JAKARTA (JP): PT Caltex Pacific Indonesia has appealed to the government to reconsider its decision allowing state-owned oil company Pertamina to take over the Coastal Plains Pakanbaru (CPP) oil field in central Sumatra, Caltex president director B.

Health promotion begins at grassroots

Health promotion begins at grassrootsBy Listiana Operananta Cancer is a major illness being tackled by the Indonesian government. The Ministry of Health invited journalists from Jakarta recently to see the government's program in Sidoarjo, East Java, which is intended to showcase Indonesia's health...

Kites endangers flights: Haryanto

Kites endangers flights: Haryanto JAKARTA (JP): Minister of Transportation Haryanto Dhanutirto said yesterday that kites flown in the Greater Jakarta area threaten flights, especially helicopters, because some kites fly above tolerable limits."Many pilots complain about the kites.

Mayor to keep soccer field

Mayor to keep soccer field JAKARTA (JP): Central Jakarta Mayor Abdul Kahfi said yesterday that the Menteng soccer stadium, a prime target of many developers because of its strategic location, should be retained.

Indonesia nominates Uton for WHO top post

Indonesia nominates Uton for WHO top post JAKARTA (JP): Indonesia has nominated Uton Muchtar Rafei as the next director general of the World Health Organization (WHO), Minister of Health Sujudi said yesterday.

Ratelindo eyes nationwide operation

Ratelindo eyes nationwide operation JAKARTA (JP): The telecommunication company PT Ratelindo, a subsidiary of PT Bakrie Brothers, expects to expand its fixed wireless telephone service nationwide by 1999, the company's director for business and service development, Remedi Perangingangin, said...

Asuransi Lippo offers shares

Asuransi Lippo offers shares JAKARTA (JP): PT Asuransi Lippo (Lippo General Insurance) of the widely diversified Lippo Group made a successful capital market debut when it floated its shares on the Jakarta Stock Exchange yesterday.

CBA enters Jakarta

CBA enters Jakarta SYDNEY (Reuter): The Commonwealth Bank of Australia said yesterday its PT Bank BII Commonwealth joint venture with BII, Indonesia's third largest private bank, had been granted an Indonesian operating license to offer a full range of banking services.

Kia gets fresh loans

Kia gets fresh loans SEOUL (AFP): South Korean banks yesterday said they would extend 160 billion won (US$179 million) in emergency loans to help ease cash flow problems faced by the troubled Kia Group, a bank spokesman said.

Auto sales hit by Asian currency instability

Auto sales hit by Asian currency instability TOKYO (AFP): Japan's Toyota Motor Corp. president, Hiroshi Okuda, said yesterday a decline in Asian auto sales was inevitable following currency instability that has lashed Southeast Asian economies.

Tri Polyta gets advisor

Tri Polyta gets advisor JAKARTA (JP): PT Tri Polyta Indonesia said yesterday it had appointed Merrill Lynch as its financial advisor on negotiations with PT Chandra Asri regarding long-term supplies of propylene.

Five people arrested Rp 408m vehicle tax scam

Five people arrested Rp 408m vehicle tax scam JAKARTA (JP): Five people have been arrested in a vehicle tax scam worth over Rp 408 million (US$160,000) at a major car rental company in Jakarta, City Police spokesman Lt. Col. E. Aritonang said yesterday.

Myanmar govt aims for legitimacy

Myanmar govt aims for legitimacyBy Aung Shwe Oo and Peter Janssen YANGON/BANGKOK (DPA): When Myanmar, officially Myanmar, joins the Association of Southeast Asian Nations (ASEAN) today, its notorious military regime is generally seen as getting an important legitimacy boost -- but not much in terms...

President Mandela met jailed Xanana last week

President Mandela met jailed Xanana last week JAKARTA (JP): South African President Nelson Mandela met jailed East Timorese separatist leader Jose Alexandre "Xanana" Gusmao at Merdeka Palace during his visit here last week, a senior pro-integration East Timor politician said yesterday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 22, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,150 25 44,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,025 50 116,500 Alumindo Light Metal 1,375 50...

Edy Waluyo named as new speaker of City Council

Edy Waluyo named as new speaker of City Council JAKARTA (JP): The 75 new councilors elected Brig. Gen. Edy Waluyo of the Armed Forces (ABRI) as City Council speaker for the 1997-2002 office term in a plenary session yesterday.

Gambling-machine technician nabbed

Gambling-machine technician nabbed JAKARTA (JP): A Malaysian man arrested by immigration officers on Friday was still being detained at the West Jakarta Immigration Office in Kalideres yesterday.The head of the immigration office, M.

Women, children 'need better citizenship law'

Women, children 'need better citizenship law' JAKARTA (JP): Citizenship laws must become more gender- oriented and institutionally controlled to empower women to control their citizenships and their children's, observers said yesterday.

Public transport ranks highest in traffic violations

Public transport ranks highest in traffic violations JAKARTA (JP): City Police Chief Maj. Gen. Hamami Nata urged public transportation drivers yesterday to improve their driving behavior as, according to police records, they rank highest in traffic violations.

Foreign countries told to stay out of RI's affairs

Foreign countries told to stay out of RI's affairs JAKARTA (JP): Minister of Defense and Security Gen. (ret.) Edi Sudradjat said yesterday that foreign countries should not interfere in Indonesia's internal affairs.

Humpuss pulls out of GKG

Humpuss pulls out of GKG JAKARTA (JP): The Humpuss Group has canceled its plans to take over the assets and liabilities of a petrochemical project formerly controlled by the Golden Key Group (GKG).Humpuss Group chairman, Hutomo Mandala Putra, said Monday evening his group had pulled out of the GKG...

Pakpahan seeks independent team for opinion on his health

Pakpahan seeks independent team for opinion on his health JAKARTA (JP): Jailed labor leader Muchtar Pakpahan demanded yesterday that the government form an independent medical team to seek another opinion after his request to get treatment abroad had been turned down.

Woman held for abusing maid

Woman held for abusing maid JAKARTA (JP): A resident of Cengkareng, West Jakarta, is in police custody for allegedly beating her housemaid.City Police spokesman Lt.Col. E. Aritonang said yesterday the woman was detained on Monday for her own safety after angry local residents gathered in the area.

Home and away for Asian World Cup qualifiers

Home and away for Asian World Cup qualifiers ZURICH (AFP): The final Asian World Cup qualifying round will be played on a home and away basis, soccer's governing body FIFA decided Monday.Kuala Lumpur, Bahrain and Singapore had bid to hold a finals tournament as in past Asian qualifying competitions.

Newly installed PNG premier vows anticorruption drive

Newly installed PNG premier vows anticorruption drive PORT MORESBY (Reuter): Port Moresby mayor Bill Skate was elected prime minister of Papua New Guinea yesterday after joining forces with parties he once labeled corrupt -- and immediately vowed to investigate his new allies.

TV today

TV todayTVRI 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...

Andojo to head Trisakti law school

Andojo to head Trisakti law school JAKARTA (JP): Former deputy chief justice Adi Andojo Soejipto begins his career at Jakarta's Trisakti University tomorrow when he will be installed as dean of its law school."I will be in the position until 2000," Adi Andojo told The Jakarta Post yesterday.

'Big savings' by banning cyanide fishing, bombing

'Big savings' by banning cyanide fishing, bombing JAKARTA (JP): Indonesia will lose an estimated Rp 6.5 trillion (US$3 billion) a year because of coral reef damage unless it can stop fish bombing and cyanide fishing, an expert warned yesterday.

Indonesia's foreign debt level not a concern: ADB

Indonesia's foreign debt level not a concern: ADB JAKARTA (JP): President of the Asian Development Bank (ADB) Mitsuo Sato said here yesterday Indonesia's foreign debt level was not yet a concern and the bank would continue to provide assistance to the country.

Malaysia's forex reserves plunge $3.4b in two weeks

Malaysia's forex reserves plunge $3.4b in two weeks KUALA LUMPUR (AFP): Malaysia's central bank said yesterday that the country's foreign exchange reserves plunged US$3.4 billion in the first half of July, apparently reflecting intervention to support the ringgit.

A lack of ethics?

A lack of ethics? A trader has no homeland, an old English proverb says. And now, in this era of globalization, the old saying appears to have come into vogue again in Indonesia. That, at least, is the impression one gets on learning of the Salim group of businesses' intention to sell the majority...

New officials at UI installed

New officials at UI installed JAKARTA (JP): Rector M.K. Tadjuddin installed 19 new officials at the University of Indonesia as vice deans and heads of various research centers on Monday.This was a routine change at the university because some people were reaching retirement age and others were due...

Wasting water

Wasting water I would like to refer to a subject which is obviously becoming more serious; the drinking water supply in Jakarta. During the five years I have lived in Jakarta, I had the opportunity to frequently observe an irresponsible waste of drinking water in private households, as well as in...

Police shoot suspect of car theft gang

Police shoot suspect of car theft gang JAKARTA (JP): Police shot dead a man yesterday who was believed to be a member of a car theft syndicate, City Police spokesman Lt. Col. E. Aritonang said.Aritonang did not give the identity of the dead suspect but said yesterday apprehending officers were...

Fire costs Rp 4 billion

Fire costs Rp 4 billion SAMARINDA, East Kalimantan: A fire gutted 364 stalls and houses at Senggol market in South Bontang early Friday causing Rp 4 billion (US$1.7 million) in losses and leaving about 2,000 people homeless.No fatalities were reported.

46 vagrants arrested in Bogor

46 vagrants arrested in Bogor BOGOR (JP): Public order officials of the Bogor administration have netted 46 vagrants in an operation on major roads in the city, an official said yesterday.Hari Harsono, the administration's spokesman, said 46 people, aged between five and 65 years old, were netted...

Soccer security tightened

Soccer security tightened SURABAYA, East Java (JP): Security will be tightened in places along the way to Indonesian soccer league venues in Jakarta to prevent vandalism by hooligan supporters.East Java's military commander, Maj. Gen.

Japan to keep close contact to RI forex

Japan to keep close contact to RI forex TOKYO (AFP): Japanese Finance Minister Hiroshi Mitsuzuka said Monday his ministry would maintain contact with authorities in the Philippines, Indonesia and Malaysia on foreign exchange turbulence.

Star mine period extended

Star mine period extended SYDNEY (Reuter): Lone Star Exploration NL said yesterday it now had until at least October 2000 to build a mine at its Awak Mas gold project after receiving a two-year work extension from the Indonesian government.