Indonesian Political, Business & Finance News

Archive: 3 July 1997

53 articles found

Navy plans to buy Russian ship

Navy plans to buy Russian ship JAKARTA: The Indonesian navy plans to purchase a Russian troop ship, Navy Chief Admiral Arief Kushariadi was quoted by Antara as saying here yesterday.Negotiations with Moscow to buy the 8,000-tonne ship "is almost done," Kushariadi said, but did not elaborate on the...

Political parties support Golkar redefinition idea

Political parties support Golkar redefinition idea JAKARTA (JP): The two minority parties -- the United Development Party (PPP) and the Indonesian Democratic Party (PDI) -- supported yesterday the idea of redefining Golkar's position in the political system.

Banjarmasin riot trial begins

Banjarmasin riot trial begins JAKARTA (JP): The Banjarmasin District Court began yesterday to try 13 people suspected of involvement in a May 23 riot that claimed 123 lives.The session was closed to the public as most defendants were minors, Antara reported.

Phhoto caption

Phhoto captionPhoto A: BahtReuterBAHT SWEAT: Bank of Thailand Governor Rerngchai Marakanond (right) wipes the sweat from his face after announcing the Thai Baht currency flotation. The float unexpectedly caused the currency to dive on the foreign exchange market, but was welcomed on the Thai stock...

Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Horison Hotel, Jl. Pelajar Pejuang 45 No. 121, Maskumambang 8 Buah Batu: - Spec's Music Lounge and Karaoke, at 7 p.m. to 2 a.m., P&P Band and Flower Power Band, Wednesday, Saturday; Organist and Singer, daily.

Sudjana will not force COW changes

Sudjana will not force COW changes JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana said yesterday the government would seek, not force changes to mining regulations which would oblige foreign mining companies to grant 10 percent of their ventures to the state.

Sumatran tiger captured

Sumatran tiger captured BANDAR LAMPUNG, Lampung: After nearly three weeks a team of hunters captured Tuesday a Sumatran tiger believed to have attacked locals several times over the past month.A hunter from the province's natural resources conservation office, Udung O.

RI needs more pediatric neurologists: Expert

RI needs more pediatric neurologists: Expert JAKARTA (JP): Indonesia needs to train more pediatric neurologists up to the standard of foreign physicians who are expected to stream in during the coming free trade era, an expert said yesterday.

High cost economy

High cost economyFrom Suara KaryaWe know that commodities and services in Indonesia are more expensive than elsewhere in the world. Ironically, they are now being promoted under the recommendation that we should love our own products to anticipate the free market with competitiveness in price and...

Sri Lankan guerillas hold foreign crew at their base

Sri Lankan guerillas hold foreign crew at their base COLOMBO (AFP): Tamil Tiger guerrillas are holding the two Indonesians and seven local crew members abducted from a Sri Lankan ferry at a northwestern rebel base, officials said yesterday.

Macau prepares for its 'reunification'

Macau prepares for its 'reunification' MACAU (AFP): The clock began ticking on Macau yesterday, as residents of this tiny Portuguese-administered enclave searched for signs of their own future in Hong Kong's return to Chinese rule.

Thailand neighbors fear domino effect currency devaluation

Thailand neighbors fear domino effect currency devaluation MANILA (Reuter): Thailand's de facto devaluation sent tremors through the region yesterday, and analysts warned that even if neighboring economies were in better shape there was a risk of contagion.

Asian banks take steps to prevent 'tequila effect'

Asian banks take steps to prevent 'tequila effect' HONG KONG (AFP): Asia central banks are likely to try to stabilize regional currencies to prevent a "tequila effect" from spreading following the Bank of Thailand's move to float the baht, analysts said.

Dengue death toll reaches 30

Dengue death toll reaches 30 PALEMBANG, South Sumatra: An outbreak of dengue fever here has killed 30 people in the months to May this year, with Mayor Husni pledging Tuesday to fighting the disease.Husin said in a plenary meeting with his staff that the mayoralty would increase preventive and...

TV today

TV todayTVRI 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 Music: Pelangi Budaya 5:00 Arabic Lessons 5:30 Variety Show: Jendela Dunia 6:00 News: Lintasan Berita...

Indonesia's per capita tea consumption still very low

Indonesia's per capita tea consumption still very low JAKARTA (JP): Indonesia's per capita tea consumption is only about 200 grams a year, chairman of the Indonesian Tea Association, Rachmat Badruddin, says.

Indonesia may barter for Russian fighters

Indonesia may barter for Russian fighters JAKARTA (JP): Indonesia's decision to buy jet fighters and other military hardware from Russia now appears to hinge only on financial arrangements, including the possibility of a barter.

Where to go in Jakarta:

Where to go in Jakarta:Music * Cafe Batavia, Jl. Taman Fatahillah, West Jakarta: Live jazz music, Tuesday to Saturday, 9.30 p.m. * Champions Sports Bar & Restaurant, Jl. Kemang Raya No. 10 South Jakarta: Lemon Tea Band, Thursday. Kin/Deja Vu, Friday.

Boxing biting causes chaos

Boxing biting causes chaos MANILA (AFP): One Filipino fan was shot dead by his uncle while another bit his neighbor's ear during arguments over boxer Mike Tyson's disqualification for chomping on Evander Holyfield's ear in their world heavyweight title bout, a newspaper reported yesterday.

Fighting corruption

Fighting corruptionFrom MutiaraEliminating corruption was a major theme during the election campaign. Whether it was only an empty promise or a genuine aspiration of the political parties remains to be seen. We have yet to be informed on how their concept is to be implemented to achieve the goal.

Telkom suffers Rp 690m loss due to riots

Telkom suffers Rp 690m loss due to riots JAKARTA (JP): PT Telkom lost an estimated Rp 690 million (US$281,747) due to equipment damage in riots during the election campaign period in May, the state-owned telecommunications firm's president Asman A. Nasution said yesterday.

Dances show palaces' glorious past

Dances show palaces' glorious pastBy K. Basrie CIREBON, West Java (JP): Dance troupes from four royal courts gave a taste yesterday of the glory days when tiny kingdoms ruled what is now Indonesia.Although royal courts no longer retain any significant political power, the dancers' elegance and...

Jurong wins contract

Jurong wins contract SINGAPORE (Reuter): Jurong Engineering Ltd said yesterday it had won additional contracts in Thailand, Malaysia and Indonesia worth more than Singapore $40 million.It said in a statement its unit PT Jurong Engineering Lestari was currently working on a boiler construction...

Tana Toraja celebrates anniversary

Tana Toraja celebrates anniversary TANA TORAJA, South Sulawesi (JP): Tana Toraja, one of Indonesia's most famous tourist destinations, is celebrating its 750th anniversary with a week of cultural shows.

Alleged arsonist believed killed in Tanah Tinggi fire

Alleged arsonist believed killed in Tanah Tinggi fire JAKARTA (JP): Relatives of a mentally handicapped man believe the charred remains of a body found in the man's burned out house in Tanah Tinggi, Central Jakarta, are his.

Govt to issue rules on partnerships

Govt to issue rules on partnerships JAKARTA (JP): The government has decided to move ahead with its plan to require large companies to form partnerships with small and medium companies and cooperatives, a minister said yesterday.

Son attacks his own father

Son attacks his own father JAKARTA (JP): Police arrested a 21-year-old man yesterday for allegedly attacking his father with a machete.City Police Spokesman Lt. Col. E. Aritonang said the attack took place after the father told the man, Saud Sugumanarto, 21, he could not marry his girlfriend.

Council announces 12 candidates for next governor

Council announces 12 candidates for next governor JAKARTA (JP): The City Council officially announced yesterday 12 proposed candidates for Jakarta's next governor.However, one of the candidates, Council Speaker M.H.

New coal briquet factory

New coal briquet factory JAKARTA (JP): President Soeharto will officially open a coal briquet factory in Gresik, East Java, Heri Supriyanto, the head of Indonesia's briquet coal development body, said here yesterday.

Police proceed with Father Sandyawan case

Police proceed with Father Sandyawan case JAKARTA (JP): Police have decided to proceed with a case involving Catholic priest Ignatius Sandyawan Sumardi who was questioned last year for sheltering three youth activists wanted by police.Sandyawan's lawyer, Luhut M.P.

Cerdas, Antonio shine in Bali chess tourney

Cerdas, Antonio shine in Bali chess tourney JAKARTA (JP): IM Cerdas Barus and GM Rogelio Antonio shared the lead in the 10th round of the Bali Jeff-RCA Grandmaster Chess Tournament, with each having 8.0 Victory Points on Tuesday.

Pertamina, Faraway sign deal

Pertamina, Faraway sign deal JAKARTA (JP): Indonesia's state-owned oil and gas company Pertamina has signed a tanker leasing agreement with Faraway Maritime Shipping Company, a director of the company said yesterday.

LIPI to study students' devoutness

LIPI to study students' devoutness JAKARTA (JP): The Indonesian Institute of Sciences is preparing to study how religious Indonesian university students are.The institute will also look at how university students cope with conflicting values, and their role in increasing people's enthusiasm for...

BNO passport holders get visa free entry

BNO passport holders get visa free entry JAKARTA (JP): British National Overseas (BNO) passport holders are free to visit Indonesia for up to 30 days without a visa as of July 1, the director of immigration, Pranowo, said yesterday.

What's in a name?

What's in a name?From NeracaThe Jl. Satrio inner ring road, better known as Jl. Casablanca, is set to become Jakarta's equivalent of Singapore's Orchard Road because it will be surrounded by super-luxurious apartments and shopping malls. Amazingly, this area will bear the name of Ciputra City.

Center to study Inter-ASEAN electrical grid

Center to study Inter-ASEAN electrical grid MANILA (AFP): Plans for an electrical grid and a natural gas pipeline connecting member countries of the Association of Southeast Asian Nations (ASEAN) will be investigated by ASEAN officials, it was announced here yesterday.

Three foreigners deported

Three foreigners deported JAKARTA (JP): The Directorate General of Immigration has deported three women holding passports issued by the Republic of China for allegedly violating their work permits.Immigration regional office coordinator Moh.

Hartono makes cabinet debut

Hartono makes cabinet debut JAKARTA (JP): The monthly cabinet meeting to discuss the economy ended yesterday on a different note than what journalists had been accustomed to over the past 14 years: The latest economic indicators were announced by Gen. (ret.) Hartono.

Ritonga expresses concern over news reports

Ritonga expresses concern over news reports JAKARTA (JP): City Council Speaker M.H. Ritonga expressed great concern yesterday over the way city media reported the council's extraordinary plenary session commemorating Jakarta's 470th anniversary last month.

Alex already dead, says S. Sidabutar

Alex already dead, says S. Sidabutar JAKARTA (JP): East Timor's military chief, Col. S. Sidabutar, said yesterday anti-integrationist activists overseas had failed to disprove Indonesia's report that separatist leader David Alex was dead."It is useless to argue that David Alex is still alive.

Officials questioned on inmate escape

Officials questioned on inmate escape BOGOR (JP): An official at the Prosecutor's Office and the head of Paledang Prison were questioned at Bogor Police Headquarters yesterday following the escape of a detainee Friday.

Agency confirms proposal on regular bus fare hike

Agency confirms proposal on regular bus fare hike JAKARTA (JP): An agency confirmed it would propose a hike of the regular city bus fare and the elimination of non air- conditioned, limited passenger (Patas) buses to the government.

Korea study shows RI workers very committed

Korea study shows RI workers very committed JAKARTA (JP): A study reveals that Indonesian workers employed at Korean firms are highly committed and emotionally attached to their workplaces -- contrary to the general belief among Korean managers who consider them as having low employee morale.

ADB ups lending rate

ADB ups lending rate MANILA (AFP): The Asian Development Bank said yesterday that its lending rate on its U.S. dollar loan facility was raised to 6.82 percent a year from 6.79 percent.The rate on multi-currency loans remained at 6.

IOTO to meet in Surabaya

IOTO to meet in Surabaya JAKARTA (JP): The Indian Ocean Tourism Organization (IOTO) has selected Surabaya, the capital of East Java, to host the organization's annual general meeting from Sept. 8 to Sept. 10.IOTO said "value added" in tourism would be this year's theme.

Religious support needed for harmony

Religious support needed for harmony JAKARTA (JP): The government has pledged to take firm action against people working to destroy religious harmony by burning houses of worship and holy books.The government also appealed for the support of religious communities in maintaining religious harmony.

Basuki misses out on rewards by losing

Basuki misses out on rewards by losing JAKARTA (JP): Indonesia's top female tennis player Yayuk Basuki missed out on becoming the second Asian woman to reach the semifinals at Wimbledon when she lost to Jana Novotna 6-3 6-3 in the quarterfinals yesterday.

Yayuk Basuki fails to reach Wimbledon semifinals

Yayuk Basuki fails to reach Wimbledon semifinals LONDON (AFP): Third-seed Jana Novotna of the Czech Republic cruised into the women's singles semifinals at Wimbledon on Wednesday when she defeated Indonesia's Yayuk Basuki in straight sets 6-3, 6-3 on the No. 1 show court.

An alternative to press banning

An alternative to press banningBy Aleksius Jemadu JAKARTA (JP): Since R. Hartono assumed office as minister of information, there has been a good deal of discussion in our mass media on whether the government could be persuaded not to use its power to revoke press publishing licenses (SIUPP).

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 2, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,150 -50 98,500 AHAP Insurance 2,800 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 1,125 25 1,164,000...

Concerted efforts urged to fight AIDS

Concerted efforts urged to fight AIDS JAKARTA (JP): An executive of a non-governmental organization (NGO) specializing in AIDS prevention urged the North Jakarta mayoralty yesterday to improve its efforts to combat the Acquired Immune Deficiency Syndrome.

Natural rubber prices slide on Thailand's baht flotation

Natural rubber prices slide on Thailand's baht flotation SINGAPORE (Reuter): Natural rubber futures and cash prices fell sharply in Asia yesterday after Thailand, the world's largest producer, floated its currency to pull the country out of an economic slump and the baht crashed.

Schroders predicts S'pore GDP growth at 5 percent

Schroders predicts S'pore GDP growth at 5 percent SINGAPORE (Reuter): Schroder Securities Asia has cut its forecast for growth in the Singapore economy this year to 5 percent from 5.7 percent.Schroders said in its weekly Asian Highlights report, received by Reuters on Wednesday, that the...