Archive: 24 July 1997
71 articles found
Thu, 24 Jul 1997, 00:00 WIB
The agony and ecstasy of Yoes Rizal's paintings
The agony and ecstasy of Yoes Rizal's paintings By Chandra Johan JAKARTA (JP): Vincent Van Gogh once wrote that quick work doesn't mean less serious work, as it all depends on one's self- confidence and experience. Van Gogh must have thought that emotions were sometimes so strong that one could really work fast. His strokes came with the continuity and coherence of words flowing in speech or a letter. But things were not always so easy. Sometimes, there were hard days empty of inspiration.
Thu, 24 Jul 1997, 00:00 WIB
WVI Foundation donates to orphanages
WVI Foundation donates to orphanages JAKARTA (JP): The World Vision Indonesia (WVI) Foundation donated equipment worth Rp 150 million (US$58,000) to orphanages throughout Greater Jakarta yesterday. The donation, given in conjunction with the commemoration of national Children's Day yesterday, was handed over by Minister of Social Services Endang Kusuma Inten Suweno at a Children's Day celebration in Taman Mini Indonesia Indah, East Jakarta.
Thu, 24 Jul 1997, 00:00 WIB
Bapepam to rule security trading
Bapepam to rule security trading JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) is now preparing at least six rules to regulate asset-backed securities trading. Agency chairman I Putu Gede Ary Suta said yesterday the rules were needed to ensure the trading of the asset-backed instruments would not hurt the investing public.
Thu, 24 Jul 1997, 00:00 WIB
Pertamina determined to take over CPP field
Pertamina determined to take over CPP field JAKARTA (JP): State-owned oil and gas company Pertamina asserted yesterday the government would not change its decision allowing the company to take over the Coastal Plains Pakanbaru (CPP) oil field in central Sumatra from PT Caltex Pacific Indonesia (CPI).
Thu, 24 Jul 1997, 00:00 WIB
Mitsubishi spurs U.S. units
Mitsubishi spurs U.S. units TOKYO (AFP): Japan's Mitsubishi Motors Corp. has decided to inject US$350 million into its two U.S. units in a bid to offset accumulated losses, a company spokesman said yesterday. Under the plan, Mitsubishi is to invest an extra $100 million in Mitsubishi Motors Manufacturing America and another $250 million in Mitsubishi Motors Sales America, said the spokesman for the Japanese car maker, which has teamed up with Daimler-Benz of Germany.
Thu, 24 Jul 1997, 00:00 WIB
Laos, Myanmar join ASEAN
Laos, Myanmar join ASEAN By Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): Laos and Myanmar were admitted as full members of the Association of Southeast Asian Nations (ASEAN) in a modest ceremony here yesterday, bringing the group one step closer to creating a united region. While foreign ministers and delegates filled the ceremony with smiles, a cloud hung over proceedings due to the postponement of Cambodian membership.
Thu, 24 Jul 1997, 00:00 WIB
Rupiah stabilizes but more attacks expected
Rupiah stabilizes but more attacks expected JAKARTA (JP): The Indonesian rupiah was stabilizing against the U.S. dollar yesterday, but dealers warned that attacks on the rupiah would continue this week. Dealers said the rupiah was on the way to recovery before fresh pressure on the baht spilled over to the rupiah and other regional currencies and pushed rates lower against the dollar.
Thu, 24 Jul 1997, 00:00 WIB
Yayuk determined to make top 20
Yayuk determined to make top 20 JAKARTA (JP): Indonesia's top women's tennis player Yayuk Basuki will concentrate on breaking into the top 20 players and leave it up to the Indonesian Tennis Association to decide if she is to play in the 19th SEA Games here in October. "I will concentrate on my efforts to get into the top 20. The association can decide what's best for me, either to play in the Games or not," the world number 22 said yesterday.
Thu, 24 Jul 1997, 00:00 WIB
ASEAN 10 minus 1
ASEAN 10 minus 1 ASEAN's dream almost came true yesterday. The Association of Southeast Asian Nations (ASEAN) formally admitted two new members -- Myanmar and Laos -- on the eve of its annual foreign ministers' meeting in Kuala Lumpur. This brings its membership to nine. It would have been 10, had it not been for the current political turmoil in Cambodia.
Thu, 24 Jul 1997, 00:00 WIB
Currency drama
Currency drama The script is by no means finished, but the recent currency drama could have a strong effect on Southeast Asia. It is, perhaps, fitting to view this issue in terms of a financial statement. On the plus side of the balance sheet is the news that most Asian currencies enjoyed a brief respite yesterday. Indonesia's rupiah, for example, posted its strongest daily gain in six years.
Thu, 24 Jul 1997, 00:00 WIB
ASEAN insurers 'must join forces or fail'
ASEAN insurers 'must join forces or fail' KUALA LUMPUR (Reuter): Southeast Asian insurers should form regional alliances or risk dying under the onslaught of foreign players sweeping in as the pace of liberalization grows, Malaysian Deputy Finance Minister Wong Se Wah said yesterday.
Thu, 24 Jul 1997, 00:00 WIB
40 job seekers cheated
40 job seekers cheated JEMBER, East Java: Forty workers are demanding compensation from the PT TSW labor agency for failing to send them to Malaysia as scheduled. The workers claimed they had paid between Rp 350,000 (US$140) and Rp 400,000 in application fees to the company, which has its headquarters in Jambi. "We are helping them reclaim their money from PT TSW," Soebagyo, an official at the manpower ministry's Jember office, told Antara.
Thu, 24 Jul 1997, 00:00 WIB
Mega supporters to commemorate July 27 tragedy
Mega supporters to commemorate July 27 tragedy JAKARTA (JP): Supporters of Megawati Soekarnoputri will commemorate the first anniversary of the July 27 riot despite the government's apparent objection. They said yesterday the commemoration would include a group prayer Saturday night at the deposed Indonesian Democratic Party (PDI) leader's residence and wreath laying at the party's headquarters Sunday morning.
Thu, 24 Jul 1997, 00:00 WIB
Give praise where it's due
Give praise where it's due From Kompas In the weeks leading up to the Fed Cup tennis meet between Indonesia and Italy, many good words were voiced in official statements to the press. This was a fresh change from harsh sentiments. I myself always admire the achievements of athletes. When I was chairman of the national tennis team board, I received many words of appreciation which should rightfully have been addressed to the athletes and their trainers.
Thu, 24 Jul 1997, 00:00 WIB
Jack Chia to buy RI's firm
Jack Chia to buy RI's firm SINGAPORE (Reuter): Singapore's Jack Chia-MPH Ltd said yesterday its subsidiary, Shurland Ltd, and other parties, had agreed to buy confectioner P.T. Hudson Indonesia Ltd for US$5.7 million. It said in a statement the other parties included Jack Chia Holdings (Hong Kong) Ltd and Drug Houses of Australia (Overseas) Ltd. P.T.
Thu, 24 Jul 1997, 00:00 WIB
Thai privatization plans revived
Thai privatization plans revived BANGKOK (Reuter): Thailand's severe economic problems have nudged its politicians into reviving the sluggish privatization of state enterprises as the government seeks funds to tackle a growing fiscal deficit. Former prime minister and current chairman of the government advisory board Chatichai Choonhavan has called on the government to speed up plans for licensing private participation in profitable state enterprises.
Thu, 24 Jul 1997, 00:00 WIB
Korea and Japan set for new World Cup battle
Korea and Japan set for new World Cup battle ZURICH (AFP): Japan and South Korea, which had to settle for a draw when they fought over the right to hold the 2002 World Cup soccer finals, clash again for the right to go to the 1998 finals in France. The two countries were drawn in the same group for the final round of the Asian Zone on Tuesday. South Korea and Asian champion Saudi Arabia, which both played in the 1994 USA finals, were seeded and kept apart.
Thu, 24 Jul 1997, 00:00 WIB
El Nino raises 1998 coffee crop concerns
El Nino raises 1998 coffee crop concerns SINGAPORE (Reuter): A dry spell, believed to have been triggered by the El Nino weather pattern, is beginning to bite on Indonesian coffee farms and may disrupt the current tree flowering for next year's crop, traders said yesterday. "It's very dry, much drier than is normally the case this time of the year. The effects of El Nino are starting to hit.
Thu, 24 Jul 1997, 00:00 WIB
Sutiyoso wins more support
Sutiyoso wins more support JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sutiyoso received more support for his nomination as Jakarta's next governor from the city branch of Kosgoro, an organization affiliated with Golkar, yesterday. Chairman of Kosgoro's city office, Rudi Simanjuntak, said in a statement that Sutiyoso should be given serious consideration as next governor due to his success as Jakarta's military commander.
Thu, 24 Jul 1997, 00:00 WIB
Delifrance enters Indonesia
Delifrance enters Indonesia SINGAPORE (Reuter): A new joint venture in Indonesia involving Delifrance Asia Ltd should eventually have a turnover of some Singapore $100 million a year, an official from the Indonesian side of the venture said yesterday. Earlier, Delifrance announced it had entered into a franchise agreement with PT Citra Bonang of Indonesia to operate retail outlets in that country.
Thu, 24 Jul 1997, 00:00 WIB
30th AMM opens with one less member than expected
30th AMM opens with one less member than expected By Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): Less than a month ago many envisioned the start of today's two-day ASEAN Ministerial Meeting (AMM) as the dawn of a new era for the organization. The 30th AMM would have been the first time that all 10 Southeast Asian states would have sat down as members of the Association of Southeast Asian Nations (ASEAN).
Thu, 24 Jul 1997, 00:00 WIB
Loan
Loan CORRECTION: The amount of the transferable loan facility stated in yesterday's caption on Bimantara on this page should have read US$80 million instead of US$800 million. We apologize for the error. -- Editor
Thu, 24 Jul 1997, 00:00 WIB
President reiterates pledge to help children
President reiterates pledge to help children JAKARTA (JP): President Soeharto reiterated yesterday the government's commitment to improving children's standard of living and education. When addressing a young crowd commemorating Children's Day at Taman Mini Indonesia Indah, the President said he was aware that education would determine the nation's future. He acknowledged that many families were too poor to provide proper education for their children.
Thu, 24 Jul 1997, 00:00 WIB
Garuda and KLM to boost cooperation
Garuda and KLM to boost cooperation JAKARTA (JP): The national flag carrier Garuda Indonesia and the Dutch airline KLM have agreed to strengthen their cooperation in management, technology and crew training, Antara reported yesterday. A cooperation agreement between the two airlines was signed in Amsterdam Tuesday. Commercial Director Sudarso Kaderi represented Garuda at the signing, the news agency said.
Thu, 24 Jul 1997, 00:00 WIB
Taxi meter
Taxi meter Last month I was shopping at Hero Kemang, South Jakarta, and asked one of the packing boys to call a taxi for me. Because I was busy in the shoe repair shop, I did not see the taxi arrive but my bags were put inside the car. The taxi was a very old, run down and dirty car. Halfway to my home I checked the taxi meter and noticed the fare was high and running too fast (already the meter was showing more than I normally spend for the whole trip).
Thu, 24 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.
Thu, 24 Jul 1997, 00:00 WIB
Presidential election will be safe: Wiranto
Presidential election will be safe: Wiranto SURABAYA (JP): Army Chief Gen. Wiranto said yesterday that security ahead of the 1998 presidential election was guaranteed. The election of the president by the People's Consultative Assembly is scheduled for March next year. Speaking to reporters after inaugurating Maj. Gen. Djadja Suparman as the new East Java military chief, Wiranto said the military was well-prepared to secure the event.
Thu, 24 Jul 1997, 00:00 WIB
Local players progress easily at Governor Cup
Local players progress easily at Governor Cup JAKARTA (JP): Indonesia's Southeast Asian (SEA) Games tennis players had no trouble in the second round of the Governor Cup Tennis Women's Satellite tournament yesterday. Wukirasih Sawondari, who has already upset second seeded Weng Tzu Ting of Chinese Taipei, beat Australia's Moulds Kylie 6-4, 6- 3. She now meets compatriot Wynne Prakusya, who beat Fed Cup player Mimma Chernovita 2-6, 6-0, 7-5. "I will play all out in the next round," she said.
Thu, 24 Jul 1997, 00:00 WIB
Bus driver mobbed to death
Bus driver mobbed to death JAKARTA (JP): A bus driver was found dead in Pondok Kopi, East Jakarta, yesterday, possibly after he was mobbed by other bus drivers, City Police spokesman Lt. Col. E. Aritonang said yesterday. The bus driver of a Kopaja bus plying the Kampung Rambutan- Klender route, identified as Pandiman Suwito, 37, was found dead in his bus on Jl. Baru early in the morning, Aritonang said. "The victim was found in the bus with severe wounds to his head and body.
Thu, 24 Jul 1997, 00:00 WIB
Call for investment promotion outside Java
Call for investment promotion outside Java JAKARTA (JP): Coordinating Minister for Production and Distribution Hartarto urged the Investment Coordinating Board (BKPM) yesterday to facilitate flows of foreign investments outside Java and Bali. Hartarto said the subregional economic cooperation, which links some of the country's provinces to neighboring countries, should be used to attract foreign investors.
Thu, 24 Jul 1997, 00:00 WIB
Ramos looking to control population
Ramos looking to control population MANILA (AFP): President Fidel Ramos called yesterday for a stepped up campaign to curb population growth in the Philippines, saying birth control was the only viable way to reduce poverty.
Thu, 24 Jul 1997, 00:00 WIB
Indonesian children: The echo of lost voices
Indonesian children: The echo of lost voices Text and photos by Agus Y. Ranu JAKARTA (JP): It is often said that children own the future. Challenging this is the wreckage of dreams in instances of exploitation, molestation, rape and street violence. Indonesia yesterday celebrated Children's Day, a salutation to our little patriots who tread on life with defying persistence. This year has also been declared the Year of Child Protection.
Thu, 24 Jul 1997, 00:00 WIB
Sumarah pioneers ceramic art studies
Sumarah pioneers ceramic art studies By Irawati Wisnumurti JAKARTA (JP): Sumarah Adhyatman, a self-taught ceramics enthusiast, has emerged as Indonesia's ceramic expert whose books on Indonesian ceramics and beads have become national treasures as the first of their kind.
Thu, 24 Jul 1997, 00:00 WIB
Art Agenda
Art Agenda Art Exhibition: Latin America and Caribbean at Galeri Cipta II, Taman Ismail Marzuki, Jl. Cikini Raya No. 73, Central Jakarta; July 24-30 This unique exhibition features paintings of renowned and promising contemporary Latin American and Caribbean artists. Art Exhibition: Berdua at Galeri Cipta III, Jl. Cikini Raya No. 73, Central Jakarta; July 18-27 Dhanny S. and Suherwanto are self-taught painters who participated in a Street Painters exhibition in Senayan in 1994.
Thu, 24 Jul 1997, 00:00 WIB
ASEAN ignores Hun Sen's call for int'l recognition
ASEAN ignores Hun Sen's call for int'l recognition PHNOM PENH (Agencies): Cambodian strongman Hun Sen appealed to the international community Wednesday to recognize his leadership, but failed to sway his Southeast Asian neighbors. In an emotional plea, Hun Sen drew on the powerful memories of the country's bloody history and its tragic twists of fate to argue that his leadership deserved to be approved.
Thu, 24 Jul 1997, 00:00 WIB
Can we avoid a 'debt trap'?
Can we avoid a 'debt trap'? By Aleksius Jemadu BANDUNG (JP): Foreign debt has been an important source of funds for the New Order's economic development. In the last two decades, Indonesia's foreign debt has increased rapidly and is estimated to be more than US$100 billion. Until 1992, foreign aid to Indonesia was organized by the Intergovernmental Group on Indonesia (IGGI), a group of nations that were committed to assisting Indonesia.
Thu, 24 Jul 1997, 00:00 WIB
Ardy jumps 10 spots in world badminton rankings
Ardy jumps 10 spots in world badminton rankings JAKARTA (JP): Indonesian veteran Ardy B. Wiranata ranking has jumped from 19th to ninth after his win in the Indonesian Open last week in Surakarta, Central Java. It was his second win this year after the Swedish Open in March. All England champion and World Championship winner Chinese Dong Jiong remains the world's number one men's player in the latest rankings released yesterday, despite his absence from the Indonesian Open.
Thu, 24 Jul 1997, 00:00 WIB
Asia-Pacific postal seminar
Asia-Pacific postal seminar JAKARTA (JP): Directorate General of Post and Telecommunications and the state-owned postal service PT Pos Indonesia will hold a seminar on Asia-Pacific's postal services on July 28 and July 29, 2005. Director General of Post and Telecommunications Djakaria Purawidjaja said yesterday that the seminar, "Information Technology for Postal Services", would be held at Pos Indonesia's headquarters in Bandung, West Java.
Thu, 24 Jul 1997, 00:00 WIB
Rupiah devaluation not needed
Rupiah devaluation not needed Much apprehension has been created in the past few days by maneuvers made by foreign exchange speculators. After having upset the Thai, Philippine and Malaysian currencies those speculators have also tried to pressure our monetary system. As a consequence, the Thai baht and Philippine peso had to be devalued, although in de facto terms only. As for the Malaysian ringgit, its rate dropped sharply, although not enough to call for a devaluation.
Thu, 24 Jul 1997, 00:00 WIB
Tanah Abang vendors jailed for rioting
Tanah Abang vendors jailed for rioting JAKARTA (JP): Three sidewalk vendors each received a one-year jail term yesterday for their role in the Tanah Abang market riot in January. Central Jakarta District Court found Yafrizal, 24, Ade Komarudin, 24, and Ari Yanto, 18, guilty of violating Article 170 of the Criminal Code which states that anyone who jointly and deliberately uses force against another person can be punished with up to five-and-a-half years' imprisonment.
Thu, 24 Jul 1997, 00:00 WIB
Golkar and PPP in barter deal on commission chiefs
Golkar and PPP in barter deal on commission chiefs JAKARTA (JP): Golkar and the United Development Party (PPP) will likely barter for the chairmanship of the City Council's Commission C on financial affairs, which was held by PPP for several office terms. Chairman of PPP, Achmad Suaidy, said yesterday that his party agreed to hand over Commission C as long as secretary positions of two Golkar commissions were filled by PPP councilors. "If Golkar wants to chair Commission C, it's fine.
Thu, 24 Jul 1997, 00:00 WIB
Legislators upbeat on manpower bill deadline
Legislators upbeat on manpower bill deadline JAKARTA (JP): All four factions of the House of Representatives are confident that deliberation of the manpower bill will be completed by the Sept. 15 deadline. Time however is fast running out because by yesterday only 64 of 545 contentious issues had been covered by the House's special committee to discuss the bill. On top of this, the House will go into recess Friday and will only resume its activities on Aug. 16. F.X.
Thu, 24 Jul 1997, 00:00 WIB
SE Asian currencies on slippery ground
SE Asian currencies on slippery ground SINGAPORE (Reuter): Southeast Asian currencies remained on slippery ground yesterday after coming under renewed pressure as the Thai baht slid to new lows. Poor market liquidity and wide spreads added to market volatility as players turned increasingly nervous ahead of an Asian central bankers meeting in Shanghai on Friday.
Thu, 24 Jul 1997, 00:00 WIB
Major reshuffle at City Police
Major reshuffle at City Police JAKARTA (JP): City Police have conducted a major reshuffling of its organization, involving 13 positions which will be filled by new officers. City Police spokesman Lt. Col. E. Aritonang said yesterday the appointment of new officers was approved by National Police Chief Gen. Dibyo Widodo in a letter dated July 20. "The newly appointed officers will be officially installed soon," he said.
Thu, 24 Jul 1997, 00:00 WIB
Call for early detection of children's kidney problems
Call for early detection of children's kidney problems JAKARTA (JP): Indonesia needs an early detection system for kidney problems in children and an integrated medical program for doctors, an expert in child nephrology said yesterday. Husein Alatas, in his inauguration as professor at the University of Indonesia's Medical Faculty, said that both measures were more cost effective than the high price of treatment for patients with advanced kidney problems.
Thu, 24 Jul 1997, 00:00 WIB
Shanghai meeting hailed as Asian 'G-7'
Shanghai meeting hailed as Asian 'G-7' SINGAPORE (Reuter): A meeting of Asian central bankers in Shanghai on Friday is being hailed as the region's 'G-7' by foreign exchange dealers in the wake of weeks of the recent currency turmoil. In a still jittery market keen to hold U.S. dollars rather than regional currencies, the meeting could be something of a watershed given the possibility of central bank cooperation on foreign exchange intervention.
Thu, 24 Jul 1997, 00:00 WIB
UN official seeks information on E. Timor
UN official seeks information on E. Timor JAKARTA (JP): A United Nations official met some members of the National Commission on Human Rights yesterday to gather information on conditions in East Timor. Commission deputy chairperson Miriam Budiardjo said that the UN official Tamrat Samuel had been sent to the province by UN special envoy on East Timor Jamsheed Marker to gain more information. "Marker wants to get information on East Timor routinely.
Thu, 24 Jul 1997, 00:00 WIB
Officials have mixed reactions to Salim's plan
Officials have mixed reactions to Salim's plan JAKARTA (JP): Officials gave mixed reactions yesterday to the Salim Group's plan to sell giant PT Indofood Sukses Makmur to tiny QAF Ltd incorporated in Singapore. The Investment Coordinating Board's deputy chairman, Sugihono Kadarisman, said Salim's internal acquisition plan was legal and could even improve its international reputation.
Thu, 24 Jul 1997, 00:00 WIB
RP army leaves captured camp
RP army leaves captured camp RAJAMUDA, Philippines (AFP): The Philippine army withdrew from a Moslem guerrilla base here yesterday as a gesture to convince the insurgents to resume peace talks, military officials said. The 70 soldiers, armed with mortars and assault rifles, boarded six trucks after a short ceremony to turn over the village to local police, who brought in the last of the civilian residents displaced by the fighting.
Thu, 24 Jul 1997, 00:00 WIB
Pino Bahari has slim chance of joining SEA Games squad
Pino Bahari has slim chance of joining SEA Games squad JAKARTA (JP): Indonesian light heavyweight boxer Pino Bahari chances of joining the national squad for the 19th Southeast Asian (SEA) Games are slim after losing at the 18th President Cup championships. Pino lost to Thai second stringer Somsak Tantraporn 3-9 at the annual event, which is being held in Bogor from July 20 to July 27.
Thu, 24 Jul 1997, 00:00 WIB
RP issues decrees to curb peso speculation
RP issues decrees to curb peso speculation MANILA (AFP): Philippine monetary authorities issued a new set of guidelines to banks yesterday to curb renewed speculation on the peso, which opened 0.8 percent lower against the dollar. The Monetary Board ordered commercial banks with outstanding foreign exchange forward contracts with non-residents to submit to the Central Bank of the Philippines an inventory of forward sales and purchases not later than Friday.
Thu, 24 Jul 1997, 00:00 WIB
Two arrested for sand quarrying
Two arrested for sand quarrying JAKARTA (JP): Police have arrested two men accused of coordinating a massive operation to quarry sand on one of the Thousand Islands in Jakarta Bay. City Police spokesman Lt.Col. E. Aritonang said yesterday that the two men, both residents of Tanjung Priok in North Jakarta, were picked up Tuesday while loading sand into a barge on Rambut Island. Eight employees of the barge were also held for questioning, Aritonang said.
Thu, 24 Jul 1997, 00:00 WIB
New ASEAN members present tariff cut list
New ASEAN members present tariff cut list PETALING JAYA, Malaysia (JP): Laos and Myanmar submitted yesterday a list of nearly 3,000 products to be included in the list for the ASEAN Free Trade Area (AFTA) just moments after they were admitted as the newest members of the grouping.
Thu, 24 Jul 1997, 00:00 WIB
Freeport Copper mill expansion plan 'on schedule'
Freeport Copper mill expansion plan 'on schedule' NEW ORLEANS (Reuter): Freeport-McMoRan Copper & Gold Inc said yesterday the fourth concentrator mill expansion undertaken by its principal mining unit, P.T. Freeport Indonesia Co, is on schedule and on budget, and proceeding toward no later than a mid-1998 start-up. PT-FI achieved record average quarterly mill throughput of 130,800 metric tons of ore per day.
Thu, 24 Jul 1997, 00:00 WIB
Ranariddh meets Soeharto
Ranariddh meets Soeharto JAKARTA (JP): President Soeharto met ousted Cambodian First Prime Minister Prince Norodom Ranariddh last night at his Jl. Cendana residence. During their 45-minute meeting, Soeharto was accompanied by the Ministry of Foreign Affairs' secretary-general, Abdul Irsan. Ranariddh was accompanied by Cambodian Minister of Rural Development Hong Sou Hout. Indonesian officials were not available for comment on Ranariddh's visit or his meeting with Soeharto.
Thu, 24 Jul 1997, 00:00 WIB
Acquisition angle
Acquisition angle I would like to make the following comments on Kwik Kian Gie's remarks on Salim Group's acquisition plan published in this paper (Salim group urged not to shift assets overseas, July 21, page 1). * The answer to Kwik's question in the last paragraph is yes, it is proper to prioritize nationalism in business in the current era of globalization. This is becoming more important in the present borderless time.
Thu, 24 Jul 1997, 00:00 WIB
Busang gold scam details uncovered
Busang gold scam details uncovered NEW YORK (AP): Ingredients for one of the world's biggest gold scams: one pool table, lots of crushed rock, and just 60 ounces (1.7 kilograms) of the precious metal. Private investigators have pieced together how a geologist for Bre-X Minerals Ltd. altered samples from the Busang mine in Indonesia, according to a report Tuesday in Toronto's The Globe and Mail.
Thu, 24 Jul 1997, 00:00 WIB
House wraps up environment bill
House wraps up environment bill JAKARTA (JP): The House of Representatives has finished deliberating the government-sponsored environment bill and is expected to pass it into law early next month. The government and legislators from the three parties said yesterday they had agreed on several controversial stipulations in the bill after three months of debate.
Thu, 24 Jul 1997, 00:00 WIB
Soros denies role in SE Asia currency snag
Soros denies role in SE Asia currency snag KUALA LUMPUR (AP): Billionaire George Soros, well known for his speculative plays in global currency markets, denies that he is to blame for Southeast Asia's recent currency problems. Malaysian Prime Minister Mahathir Mohamad accused the U.S. financier of orchestrating currency attacks to punish the Association of Southeast Asian Nations for extending membership to Myanmar, where a military dictatorship has repressed civil liberties.
Thu, 24 Jul 1997, 00:00 WIB
Egypt-Indonesia
Egypt-Indonesia Correction: The Treaty of Friendship and Cordiality between Indonesia and Egypt was signed on June 25, 1947, not June 25, 1957 as appeared on this page yesterday. We regret the error. -- Editor
Thu, 24 Jul 1997, 00:00 WIB
Rubber trade slows down
Rubber trade slows down SINGAPORE (Reuter): Trading in the Singapore rubber market dried up yesterday due to uncertainty over what will happen next in Southeast Asia's volatile financial markets, dealers said. "The currency problems in the region drove people out of the market. The Indonesians are not keen to sell. If the currency turmoil continues, it'll be a really thin market again tomorrow," a dealer said. The region has been pounded for weeks by speculative attacks on its currencies.
Thu, 24 Jul 1997, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Music and Entertainment * Holiday Inn, Jl. Ir. H. Juanda 33, Bandung: - Kebun Bambu Restaurant: Guitar performance, Friday and Saturday, 7.45 p.m. to 10.15 p.m. - Braga Bar and Lounge: Jazz live entertainment at 7.30 p.m. to 11.15, featuring Duet Piano and Saxophone, every Tuesday and Thursday, - Piano, Saxophone and Bass, Friday, - Piano, Saxophone, Bass and Singer, Saturday. * Preanger Aerowisata Bandung Hotel, Jl. Asia Afrika No.
Thu, 24 Jul 1997, 00:00 WIB
Three prosecutors demoted in Maluku
Three prosecutors demoted in Maluku AMBON, Maluku: Three prosecutors will be demoted for administrative violations, a press report said yesterday. The Maluku prosecutors office has also postponed the regular promotion of three court staff for a year for similar offenses, Antara reported. Maluku prosecutors office chief MW Pattipeilohy said here Tuesday that two of the three prosecutors, whom he did not name, worked for the Ternate district court in northern Maluku.
Thu, 24 Jul 1997, 00:00 WIB
ASEAN ministers firm on keeping Cambodia out
ASEAN ministers firm on keeping Cambodia out By Santi WE Soekanto PETALING JAYA, Malaysia (JP): ASEAN foreign ministers stuck to their guns yesterday and decided not to include Cambodia into the organization, despite the latter's last-minute demand for admission. Minutes before the ceremony to admit Laos and Myanmar began, Malaysian Foreign Minister Abdullah Ahmad Badawi told the press that the ASEAN ministers had met for three hours to discuss Cambodia's plea.
Thu, 24 Jul 1997, 00:00 WIB
Jakarta in need of underground mapping
Jakarta in need of underground mapping JAKARTA (JP): Jakarta is badly in need of underground mapping to enable the city to utilize its land for underground construction, an official said yesterday. "In a very short time we will not be able to build anything on the ground in the city, which covers an area of 650.40 square kilometers," head of the City Mapping and Land Measurement Agency, Moch. Sidarta, said.
Thu, 24 Jul 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 23, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,125 -25 49,500 AHAP Insurance 2,500 0 10,000 Alter Abadi 1,050 25 82,500 Alumindo Light Metal 1,375 0 2,553,500 Alumindo Perkasa 875 -25 11,000 Aneka Kimia Raya 1,500 0 703,000 Anwar Sierad 1,125 50 2,663,000 Apac Centertex Corp.
Thu, 24 Jul 1997, 00:00 WIB
Acting Malaysian PM back in Mahathir's shadow
Acting Malaysian PM back in Mahathir's shadow By Bill Tarrant KUALA LUMPUR (Reuter): Malaysia's Acting Prime Minister Anwar Ibrahim resumes his role of heir apparent with the return home of his boss on Tuesday after two months leave abroad. Prime Minister Mahathir Mohamad took the unusual step of formally turning over the powers of the premiership and the presidency of his Malay party to Anwar before he left on May 20 on a trip that mixed holidays and official business.
Thu, 24 Jul 1997, 00:00 WIB
TV today
TV today TVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Family Matters 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Flora and Fauna: Pesona Flora 5:00 Arabic Lessons 5:30 Children's Drama: Sang Penipu 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 Culture Program: Cakrawala Budaya 8:00 News: Lintasan Berita 8:05 Spectrum 9:00...
Thu, 24 Jul 1997, 00:00 WIB
Bank Mayapada to float 65m shares
Bank Mayapada to float 65m shares JAKARTA (JP): Bank Mayapada plans to float 65 million new shares to the public next month to raise Rp 32.5 billion (US$12.7 million) in fresh funds. The bank's president Haryono Tjahjarijadi said at a public presentation yesterday that the bank would use 85 percent of the funds to strengthen its loan portfolio and 15 percent to expand its banking network.
Thu, 24 Jul 1997, 00:00 WIB
Hino to launch truck joint venture in RI
Hino to launch truck joint venture in RI TOKYO (AFP): Japan's largest truck maker, Hino Motors Co. Ltd., plans to launch a joint venture company (JVC) in Indonesia early next year to manufacture and sell trucks with Japanese and Indonesian partners, a spokesman said yesterday. The venture, capitalized at 2.2 billion yen ($19 million), would be controlled 51 percent by Indonesia's Salim group, 39 percent by Hino and the remaining 10 percent by Sumitomo Corp. of Japan.
Thu, 24 Jul 1997, 00:00 WIB
'Captain Ecstasy' to face tribunal
'Captain Ecstasy' to face tribunal YOGYAKARTA: A police captain detained for allegedly possessing 360 Ecstasy tablets may be court martialled, according to the local military chief. Maj. Gen. Mardiyanto, chief of the Diponegoro regional military command who oversees security in Central Java and Yogyakarta, said Tuesday that the officer was still being questioned. "We want to investigate this case thoroughly and you will see it later in court," Mardiyanto told reporters.