Indonesian Political, Business & Finance News

Archive: 26 July 1997

58 articles found

Central bankers fail to ease Asia's woes

Central bankers fail to ease Asia's woes SINGAPORE (Reuter): The statement from Asian central bankers after their meeting in Shanghai yesterday contained little of substance, and did not significantly change the somewhat gloomy outlook for beleaguered Asian currencies.

SEA Games funds

SEA Games funds I am fed up with the polemics about SEA Games funds and similar fund-raising drives which are forced on the community.How many times have members of the community been bothered with such donations? Funds have been raised for the National Games (PON), the scout movement (Pramuka) and...

Golkar recruits experts to help legislators

Golkar recruits experts to help legislators JAKARTA (JP): Following its landslide victory in the May 29 general election, Golkar is recruiting economic and legal experts to advise its representatives in the House of Representatives.

RI to host meeting for Malay writers

RI to host meeting for Malay writers JAKARTA: Indonesia will host a conference of Malay writers in December, the organizing committee announced here on Thursday.The conference, to be held in the West Sumatran capital of Padang, will bring together some 800 writers from Indonesia, Singapore,...

House leaders differ over broadcasting bill changes

House leaders differ over broadcasting bill changes JAKARTA (JP): There were signs of disagreement yesterday between the speaker and deputy speaker in the House of Representatives in relation to an unprecedented second deliberation of the broadcasting bill, which is scheduled to begin on Aug. 25.

Rupiah stable against dollar

Rupiah stable against dollar JAKARTA (JP): The rupiah stabilized against the U.S. dollar in slow trading yesterday as many traders sidelined the market.On the spot market, the rupiah closed at 2,610 against the greenback, rising two points from the opening of 2,608.

Astra-Daewoo rubber project

Astra-Daewoo rubber project JAKARTA (JP): PT Jambi Waras, a subsidiary of Astra Group and South Korea's Daewoo are studying the possibility of developing a rubber processing plant in Sarolangun Bangko (Sarko) regency, in Jambi.

Red Cross HIV policy questioned

Red Cross HIV policy questionedBy Renata Arianingtyas JAKARTA (JP): Jaka (not his real name) donated blood 32 times between 1987 and July 1996 before he found out he had the Human Immunodeficiency Virus (HIV).His first concern was whether he had, through blood donations, infected other people.

Southeast Asian debts go into tailspin

Southeast Asian debts go into tailspin HONG KONG (Reuter): The last time Southeast Asia experienced a currency crisis, its debt markets went into a tailspin, caused by the retreat of U.S. investors.That was then. This is now.While some Asian issuers are sidelined, for others it is business as usual.

National Police should not be part of ABRI: Experts

National Police should not be part of ABRI: Experts JAKARTA (JP): Efforts by the national police to improve their professionalism are hampered by the fact that they are part of the Armed Forces, a seminar concluded yesterday.Trimoelja D.

Deputy speakers installed, with two from Golkar

Deputy speakers installed, with two from Golkar JAKARTA (JP): Three deputy City Council speakers were officially installed yesterday with Golkar having two deputy speaker seats for the first time ever.The deputy speakers will serve under new speaker Brig. Gen.

Asia's dollar peg may no longer be helpful: Expert

Asia's dollar peg may no longer be helpful: Expert TOKYO (Reuter): The pegging of Asian currencies to the U.S. dollar may no longer bring much benefit to regional economies, a leading Asian economist said yesterday.

Bajaj driver tried for having knife

Bajaj driver tried for having knife JAKARTA (JP): A driver of a bajaj, a three-wheel motorized vehicle, was tried in Jakarta Central District Court yesterday for possessing a knife in public.The prosecutor said the defendant, named Sopianto, 27, was charged under Article 2 of the 1951 Emergency...

ASEAN waits for Hun Sen view on role in crisis

ASEAN waits for Hun Sen view on role in crisisBy Santi WE Soekanto PETALING JAYA, Malaysia (JP): After days of consultation with Cambodia's Foreign Minister Ung Huot, the Association of Southeast Asian Nations (ASEAN) is now waiting for Phnom Penh's confirmation on its role to help solve the...

Reforms needed to curb violence

Reforms needed to curb violenceBy A. Wisnuhardana YOGYAKARTA (JP): The new year was greeted with apprehension and fears of more unrest instead of good cheer and hope. The prevalence of violence in recent years has left the Indonesian community unconvinced that these incidents will decline.

Tear gas disrupts local soccer match

Tear gas disrupts local soccer match JAKARTA (JP): Tear gas, which security officials have denied firing, stopped the semifinal national league soccer match between Bandung Raya and Mitra Surabaya when the Bandung-based team took a 1-0 lead yesterday.

Slow Asian demand hits Japan petchem output

Slow Asian demand hits Japan petchem output TOKYO (Reuter): Sluggish demand for petrochemical products in Asia since the beginning of this year has forced Japanese petrochemical manufacturers to keep production levels down, petrochemical industry sources say.

Criminal procedure bill debated soon: Oetojo

Criminal procedure bill debated soon: Oetojo JAKARTA (JP): Minister of Justice Oetojo Oesman said yesterday that the government would take pains to ensure that the bill on criminal procedure was debated soon by the House of Representatives.

ASEAN to intensify concerted action on currency instability

ASEAN to intensify concerted action on currency instability KUALA LUMPUR (Agencies): ASEAN members agreed yesterday to intensify their cooperation in a bid to stabilise regional foreign exchange rates following recent plunges in Southeast Asian currency values.

TV today

TV todayTVRI 2:30 a.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Road to Avonlea 3:10 Teenagers' Program: Jenjang Vokalia 3:35 Travel: Wisata Nasional 4:00 Regional News 4:30 Sports 5:25 Variety Show: Country Tracks 5:30 TV Series: Emergency Call 5:55 Music 6:00 News:...

VW predicts car boom in Asia Pacific

VW predicts car boom in Asia Pacific BONN: The Asia-Pacific region will catch up with North America in terms of car sales by the turn of the century, according to Germany's largest car-maker, Volkswagen.

UK must honor arms contracts with RI

UK must honor arms contracts with RI LONDON (AFP): Britain must honor contracts to supply Hawk jets and armored cars to Indonesia despite its record of human rights violation, or pay hundreds of millions of dollars in penalties, government sources said.

Hotel tariff war hurts tourism industry: Soeharto

Hotel tariff war hurts tourism industry: Soeharto JAKARTA (JP): President Soeharto expressed his concern yesterday over the current tariff war among star-rated hotels in Indonesia, saying the unhealthy competition could damage the national tourism industry.

ASEAN champions EAEC cause

ASEAN champions EAEC causeBy Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): ASEAN foreign ministers at the end of their annual meeting here yesterday expressed satisfaction at the progress of the East Asia Economic Caucus (EAEC) and hoped that it would soon be instituted.

New Porsche 911 to make debut at Frankfurt motor show

New Porsche 911 to make debut at Frankfurt motor showBy Neil McDonald THE stunning new Porsche 911 will make its debut at the Frankfurt motor show in September.At the same time Porsche will also unveil the new 911 Turbo S.The new Porsche is the first entirely new 911 in 34 years.

Russia sends five President's Cup finals

Russia sends five President's Cup finals BOGOR, Indonesia (AP): Denis Inkim stopped Dedi Mikaso of Indonesia in the third round Thursday, and led a parade of five Russians into the finals at the 18th President Cup Amateur Boxing Championships.

RP to seed clouds to offset dry spell

RP to seed clouds to offset dry spell MANILA (AFP): The Philippine government will carry out cloud- seeding operations above four major dams later this year to offset an expected dry spell, an official said yesterday.

Religious harmony in E. Nusa Tenggara

Religious harmony in E. Nusa Tenggara MAUMERE, East Nusa Tenggara: The inauguration of the new secretary to the Kupang archbishop on Sunday will be a demonstration of religious tolerance.Ninety non-Catholic youths from the dominantly Catholic territory will volunteer to help the local security...

Banks urged to restructure, strengthen capital base

Banks urged to restructure, strengthen capital base JAKARTA (JP): Bank Indonesia director Hendrobudiyanto yesterday called on local banks to restructure, improve human resources and strengthen their capital base to face free trade in financial services.

Maleo hit by delays

Maleo hit by delays JAKARTA: Indonesia's much-rumored and long-awaited Maleo national car is unlikely to see the light of day before early next year.Originally, the Industry Mobil Indonesia consortium, which now controls the development of Maleo, Timor and Bakrie vehicles, was hoping to show about...

ASEAN central banks renew currency swap accord

ASEAN central banks renew currency swap accord SHANGHAI (Reuter): Central banks from the Association of South East Asian Nations (ASEAN) signed an agreement yesterday to renew a currency swap accord after a one-day meeting in Shanghai.

Washington wants peaceful solution to Cambodian crisis

Washington wants peaceful solution to Cambodian crisis PHNOM PENH: (Agencies): The United States called yesterday for a peaceful solution to the Cambodian crisis, to allow supporters of the country's ousted first premier to return home ahead of elections next year.U.S.

Soerjadi, Megawati and PDI: Facing the realities

Soerjadi, Megawati and PDI: Facing the realities The following is an interview by The Jakarta Post's Yogyakarta correspondent, Asip Agus H, with Gadjah Mada University political science lecturer, Cornelis Lay.

Mahathir declares verbal war on speculators

Mahathir declares verbal war on speculatorsBy Madhav Reddy KUALA LUMPUR (Reuter): If words could kill, Malaysian Prime Minister Mahathir Mohamad would have wiped out the speculators causing havoc in Southeast Asian currencies.

Two locals move to Governor Cup semis

Two locals move to Governor Cup semis JAKARTA (JP): A veteran and one of the country's best young players are the Indonesian representatives in today's semifinals of the Governor Cup Women's Satellite at the Kemayoran Tennis Center.

Man on trial for fraud

Man on trial for fraud JAKARTA (JP): A man, who claimed he was a business partner of a wealthy Brunei Darussalam businessman, was charged with fraud at Central Jakarta District Court yesterday.Businessman Iwan Hendra, 42, a resident of Petojo Barat, Central Jakarta, was accused of violating Article...

Hun Sen must heed ASEAN's message

Hun Sen must heed ASEAN's message Cambodian Foreign Minister Ung Huot must feel like a small boy who visits his neighbor's house just as guests are arriving for a party to which he has not been invited.

Military guards arrival of more E. Java soccer fans

Military guards arrival of more E. Java soccer fans JAKARTA (JP): More and more East Java soccer fans, a part of whom were netted on Thursday for causing trouble, ranging from extortion to stealing food, arrived yesterday to watch this weekend's National Soccer League tournament finals.

Partnership needed for health promotion

Partnership needed for health promotion JAKARTA (JP): The fourth International Conference on Health Promotion closed here yesterday, ending with a declaration on health promotion strategy toward the next century.

Highlights of ASEAN ministers' joint communique

Highlights of ASEAN ministers' joint communique KUALA LUMPUR (AFP): Herewith highlights of the joint communique issued by Association of Southeast Asian Nations (ASEAN) foreign ministers at the end of their annual meeting yesterday:On implementing the decisions of the first ASEAN informal summit in...

Asian central banks to boost cooperation

Asian central banks to boost cooperation SHANGHAI (Reuter): Asian central bankers wound up their meeting in Shanghai yesterday with a pledge to strengthen cooperation to assist members in making economic adjustments.

Manila gets ING offer

Manila gets ING offer MANILA (AFP): The Central Bank of the Philippines said yesterday it had received an offer from ING Barings to underwrite a Euro note issue to bolster reserves depleted by its defense of the peso.

Fire destroys 144 kiosks in Kebon Kembang market

Fire destroys 144 kiosks in Kebon Kembang market BOGOR (JP): A fire has gutted 144 temporary kiosks erected after a fatal blaze at Bogor's ill-fated Kebon Kembang market last year.Ten shop employees were killed in the fire which destroyed hundreds of shops and the Ramayana department store on March...

Ambassador keeps on driving in India

Ambassador keeps on driving in IndiaBy Jay Shankar NEW DELHI (AFP): Some things remain quintessentially Indian. The Taj Mahal. Curries. The Ganges. The Ambassador car.Go anywhere in India and you will see the high-axled, pug- nosed Ambassador, a throwback to the 1940s, barging its way through the...

Two Jakartans study pollution

Two Jakartans study pollution JAKARTA (JP): Two Jakarta residents -- Soehatman Ramli and F.A. Gunawan -- have completed their studies in pollution at the University of California, the U.S.The two were enrolled at the University of California Berkeley Extension's Institute in Pollution and Control,...

Transplanted life of Jepara laborers at Grogol bridge

Transplanted life of Jepara laborers at Grogol bridgeBy Rebecca Mowbray and P.J. Leo JAKARTA (JP): Soerya is one of Indonesia's upwardly mobile. He is happy, making money, and is building a future for his family and for Jakarta.It does not matter to him that he lives under a highway bridge.

Swiss Air to improve Garuda's info system

Swiss Air to improve Garuda's info system NUSA DUA, Bali (JP): The state-owned Garuda Indonesia Airlines and Atraxis Swiss Air have agreed on further tightening their partnership by jointly developing Garuda's information technology system.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 25, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,125 -25 85,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,050 0 141,000 Alumindo Light Metal 1,375 25...

Wahono says lip service won't combat corruption

Wahono says lip service won't combat corruption JAKARTA (JP): House Speaker Wahono said yesterday that the government campaign to combat corruption and collusion should not rest on words alone.Addressing legislators in closing the current House session, Wahono said that there was no call for...

E. Asia risks losing lure for investment

E. Asia risks losing lure for investment SINGAPORE (AFP): East Asia risks losing its attraction for foreign investors if the region relaxes corporate governance standards to spearhead capital market development, a conference was told yesterday.

Limit on secretary-general term 'must be transparent'

Limit on secretary-general term 'must be transparent'By Santi WE Soekanto & Meidyatama Suryodiningrat PETALING JAYA (JP): Outgoing ASEAN Secretary General Dato Ajit Singh said it should be made transparent if member states want a secretary general to serve only one term.

Making Jakarta green

Making Jakarta greenFrom MerdekaI would like to suggest that useless trees like Acacia not be used for greenery purposes. I noticed that Acacias are planted in some Jakarta areas.To make Jakarta green is not done merely by planting any trees.

Body Shop holds seminar

Body Shop holds seminar JAKARTA (JP): The State Minister of Environment's office and cosmetic company Body Shop-Indonesia will host a one-day seminar at the Shangri-La Hotel on retail business roles in promoting environmental awareness on Monday.

Bumi Serpong Damai has invested Rp 2 trillion to develop township

Bumi Serpong Damai has invested Rp 2 trillion to develop township JAKARTA (JP): Property company PT Bumi Serpong Damai (BSD) have invested about Rp 2 trillion (US$800 million) over the past nine years to develop a 6,000 hectare Bumi Serpong Damai township in Tangerang, West Java, the company said...

Bira fund investors up

Bira fund investors up JAKARTA (JP): PT Bira Aset Manajemen, which manages two open- end mutual funds Bira DanaSaham and Bira DanaObligasi, has gained about 500 new investors in the last two months to increase the number of investors to 1,261.

Games consortium expects Rp 3b from PLN, Telkom

Games consortium expects Rp 3b from PLN, Telkom JAKARTA (JP): The 19th SEA Games consortium is expecting to receive Rp 3 billion (US$1.15 million) from sticker sales from state-owned PLN and PT Telkom.The consortium's business and promotion deputy, Enggartiasto Lukita, announced yesterday that PLN...

More apartments planned for small business owners

More apartments planned for small business owners JAKARTA (JP): PT Sarana Jaya plans to build four other low- cost apartment projects here, its development director said yesterday.Kemal Basha said the apartments are for low-income people with small businesses.

Where to go in Jakarta:

Where to go in Jakarta:Music * The Regent Hotel: Jl. Rasuna Said, Kuningan, South Jakarta: - Garden Terrace: Indonesia's Top Musicians, Friday and Saturday,, 9.30 p.m. to 1 a.m. - Pool Side: Sahata Vocal Group, Saturday, 6.30 p.m. to 9 p.m. * Holiday Inn Crowne Plaza, Jl. Gatot Subroto Kav.