Indonesian Political, Business & Finance News

Archive: 1 August 1997

61 articles found

Mandela declares truce with Nigeria

Mandela declares truce with Nigeria JOHANNESBURG (AFP): President Nelson Mandela officially declared a truce in the war of words with Nigeria yesterday that was sparked by the execution two years ago of eight Nigerian human rights activists.

Inco's profit down in 2nd quarter

Inco's profit down in 2nd quarter JAKARTA (JP): PT International Nickel Indonesia's (Inco) unaudited net profit for this year's second quarter plunged to $9.9 million (4 U.S. cents per share) from US$18.1 million (7 cents per share) in the same period last year.

Australia, Indonesia develop defense plan for gas fields

Australia, Indonesia develop defense plan for gas fields SYDNEY (AFP): Australia is working with Indonesia to develop a defense strategy for a rich natural gas field in the South China Sea.A report, in this week's edition of the Australian Defense Magazine, said the two nations have developed a...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 31, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,050 0 25,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,100 0 236,000 Alumindo Light Metal 1,375 25...

ASEAN ministers to meet with Hun Sen

ASEAN ministers to meet with Hun Sen MANILA (AP): Officials from the Association of Southeast Asian Nations (ASEAN) will meet with Cambodian coup leader Hun Sen tomorrow in a renewed attempt to achieve peace and stability there, the Philippine foreign secretary said yesterday.

Equestrian c'ships a test for riders

Equestrian c'ships a test for riders JAKARTA (JP): Next week's National Equestrian Championships in Bandung will be the testing ground for local riders before major local and overseas events, an Indonesian Horse Society executive said yesterday.

TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Kelley 3:10 Children's Dance: Aneka Tari Daerah 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Film: Home Green Home 5:25 Variety Show: Serba-Serbi 5:30 Music: Paket...

Government wants polemic on July 27 riot stopped

Government wants polemic on July 27 riot stopped JAKARTA (JP): Coordinating Minister for Political Affairs and Security Soesilo Soedarman said yesterday that controversy over the July 27, 1996, riots was inappropriate and should be stopped.

Provinces' contribution to tourism still low

Provinces' contribution to tourism still low JAKARTA (JP): Bali, the country's major tourist destination, was the most reluctant province to contribute to the country's tourist promotion, says a tourist executive.

S'porean nabbed with Ecstasy pills

S'porean nabbed with Ecstasy pills JAKARTA (JP): A Singaporean man was arrested Wednesday for allegedly trying to smuggle 14,840 Ecstasy pills worth about Rp 667 million (US$267,120) into the country through Soekarno-Hatta International Airport.

RI needs foreign policy formulation board: Analyst

RI needs foreign policy formulation board: Analyst JAKARTA (JP): Indonesia should establish a special board to formulate foreign policy, former ambassador to the United States Hasnan Habib said yesterday.

Expo on networking opens

Expo on networking opens JAKARTA (JP): An exhibition on networking, its problems and solutions opened at the Jakarta Convention Center yesterday.Some 265 companies from 22 countries are taking part in the four-day Network Indonesia '97.

RI's 'sick' banking sector a potential time bomb: Expert

RI's 'sick' banking sector a potential time bomb: Expert JAKARTA (JP): Indonesia's "sick" banking industry is a potential time bomb that could affect the economy, senior University of Indonesia economist Anwar Nasution warns.

KIPP discloses finding on poll

KIPP discloses finding on poll JAKARTA (JP): The Independent Election Monitoring Committee (KIPP) released its final report on the May general election yesterday, identifying 25 kinds of violations committed by various parties, including the government as the election organizer.

Global cooperation sought for better environment

Global cooperation sought for better environment JAKARTA (JP): Closer cooperation between advanced and developing countries is the only answer to prevent environmental degradation, the President said yesterday.

Telkom extends discount period

Telkom extends discount period JAKARTA (JP): State-owned telecommunications company PT Telkom announced yesterday that the 20-percent discount period for new telephone installations in Greater Jakarta would be extended for 30 days until the end of this month.

Foreign diplomats say street crimes routine experience

Foreign diplomats say street crimes routine experience JAKARTA (JP): Foreign diplomats say they are not shocked by Tuesday's attempted robbery of the Palestinian ambassador because such a crime is just another routine bad experience for them.

Settlers face water crisis

Settlers face water crisis PALEMBANG, S. Sumatra: Four resettlement areas on the coast of South Sumatra are facing water crisis, Antara said yesterday.Representatives of the settlement communities in Rimau Island, Musi Banyuasin, Air Sugihan and Ogan Komering Ilir were in Palembang seeking official...

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Tunjungan Crystal Hotel, Jl. Tunjungan 102-104: - Lounge Bar: Stief's Band, Tuesday, Thursday, Saturday, open at 8 p.m. to 12 p.m. * Mirama Hotel, Jl. Raya Darmo 58-76: - Mirama Bar: Desire Band, Monday. Haztoria Band, Tuesday.

LBH Jakarta has a new director

LBH Jakarta has a new director JAKARTA (JP): Apong Herlina, a lawyer with a long history of being involved with non-governmental organizations, was elected yesterday to lead the Jakarta Legal Aid Institute (LBH).Apong replaces Luhut M.P.

Line up for lunch

Line up for lunch A food court is supposed to be a nice place to dine. The environment must be comfortable. There must be a great variety of food to choose at a reasonable price.I recently went to the food court at Taman Anggrek Mall, a new mall located on Jl. S. Parman.

Car theft solved within five hours

Car theft solved within five hours JAKARTA (JP): Police arrested a Bogor resident on Wednesday for allegedly stealing a car in Cimanggis, East Jakarta, five hours earlier.The suspect was spotted driving a stolen Suzuki Katana in Ciracas by a Mobile Brigade patrol.

Municipality proposes four deputy governors

Municipality proposes four deputy governors JAKARTA (JP): Governor Surjadi Soedirdja said yesterday that the municipality was currently proposing four deputy governors to the central government.He said three deputy governors under the current system were not enough to anticipate the city's economic...

Asia's insurance to grow twice at the world average

Asia's insurance to grow twice at the world average KUALA LUMPUR (AFP): The insurance industry in the rapidly- booming economies of Asia is expected to grow at twice the world average, the Malaysian Insurance Institute said yesterday.

UGM lecturers awarded doctorates

UGM lecturers awarded doctorates YOGYAKARTA, Central Java: Twenty-one lecturers at Gadjah Mada University (UGM) recently earned doctorates from overseas institutes in the United Kingdom, the United States, Australia, Japan and Canada, Antara said.

Cellular phone problem

Cellular phone problem When Telkomsel started issuing its Kartu Halo card, I was one of the first customers who rushed to get one of these seemingly new and improved GSM cellular phone services. But I was disappointed to find out that many parts of Jakarta would not be covered by Telkomsel.

Late paper

Late paperDue to technical problems, The Jakarta Post reached its readers in Bogor, Bandung, Lembang, Cipanas, Cianjur, Cirebon, Purwokerto, Cilacap and Pekalongan late yesterday. We apologize for the delay. -- Publisher

Religious classes for inmates

Religious classes for inmates SEMARANG, Central Java: An Islamic foundation will hold religious classes inside the Kedungpane penitentiary, Antara reported yesterday.Pangudi Utama Foundation Chairman Muchoyar said the classes were being arranged in response to the demand from inmates who are...

Soccer stars to miss Champions, Winners cups

Soccer stars to miss Champions, Winners cups JAKARTA (JP): Several players who starred in the national soccer league final will be absent from the qualifying rounds of the Champions and Winners cups because of Southeast Asian (SEA) Games duty.

Dharmala gets $55m loan

Dharmala gets $55m loan JAKARTA (JP): Property developer PT Dharmala Intiland has secured a US$55 million transferable loan facility from 14 onshore and offshore banks and financial institutions.The company said yesterday $32 million of the syndicated loan, jointly arranged by Bank Bira and...

Malaysia vehicle sales up 22.7% in first half

Malaysia vehicle sales up 22.7% in first half KUALA LUMPUR (Reuter): Malaysia's vehicle sales for the first six months of 1997 rose 22.7 percent, reflecting the country's continuing economic strength, the Malaysian Motor Traders Association (MMTA) said yesterday.

Shootings on criminals draw mixed reactions

Shootings on criminals draw mixed reactions JAKARTA (JP): A legal expert and a criminologist had different viewpoints over police shootings of suspected criminals, which have resulted in at least 70 deaths in the first seven months of this year.

Rawa Belong to become modern flower market

Rawa Belong to become modern flower market BANGKOK (JP): The private sector is interested in changing the traditional flower market in Rawa Belong, West Jakarta, into a modern flower supermarket where products from all over the country will be displayed and sold, an executive said.

Putting East Timor priorities right

Putting East Timor priorities right East Timor, the Republic of Indonesia's youngest province, continues to be a subject for debate on international forums. Principally, of course, this is because Portugal is utilizing all the diplomatic means at its disposal to keep the issue rolling.

Megawati in global perspective

Megawati in global perspectiveBy Aleksius Jemadu JAKARTA (JP): One of the distinctive features of the post cold war international system is related to the fact that ongoing global economic liberalization has necessitated the presence of democratic procedures in doing politics both at the national...

Lampung's west coast

Lampung's west coastFrom Media IndonesiaOn behalf of the community living on the west coast of Lampung, we are eager to receive the attention of the central executive board of the dominant Golkar. We are convinced that Golkar's central executive board will be able to strive for development...

The Listening Post

The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * The creation of a dynasty in the worlds of politics, business and sport is always of interest to the public.

Ridwan wins Kapolri Cup but below best

Ridwan wins Kapolri Cup but below best JAKARTA (JP): Southeast Asian (SEA) Games marksman Ridwan Gunawan failed to equal his personal best at the seventh Kapolri Cup and 1997 Bhayangkara Cup at the Senayan Shooting Range yesterday.

Where to go in Jakarta:

Where to go in Jakarta:Music * The Acacia Jakarta, Jl. Kramat Raya 73-81 Jakarta: - Fountain Bar: Yoseph G (pianist), daily, and with saxophonist every Wednesday, Friday, Saturday from 6 p.m. to 10 p.m. - Pharaoh Pub: Sphinx Band, Friday, Saturday, 9.30 p.m., Galaxy Band, Tuesday, Wednesday, 9.30 p.

Telkom has voice mail service

Telkom has voice mail service JAKARTA (JP): State-owned domestic telecommunications provider PT Telkom launched yesterday Telkom Memo, a voice mail service which will allow subscribers to have messages left for them when they are unable to take calls.

RI continues car talks with Japan, EU and U.S.

RI continues car talks with Japan, EU and U.S. JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo said yesterday Indonesia was continuing to negotiate with Japan, the European Union and the United States outside the dispute settlement panel of the World Trade Organization (WTO) over its...

Japanese donation for schools

Japanese donation for schools BANJARMASIN, S. Kalimantan: The Japanese government is assisting in the construction of four junior high schools in remote areas of South Kalimantan.Head of the Ministry of Education and Culture's provincial office, Aspul Fansuri, told Antara the donation from the...

Honda exports Thai-made cars

Honda exports Thai-made cars BANGKOK (AFP): Japan's Honda Motor Co. Ltd. yesterday shipped out its first batch of Thai-manufactured cars to Singapore in a symbolic boost to Thailand's flagging export performance.

Indonesia has not received Mandela's letter: Moerdiono

Indonesia has not received Mandela's letter: Moerdiono JAKARTA (JP): President Soeharto has not received a letter from South African President Nelson Mandela urging the release of a jailed East Timorese separatist, the government said yesterday.

Depok, Cibinong lines join Bogor

Depok, Cibinong lines join Bogor BOGOR, West Java (JP): Telephone lines in Depok and Cibinong will be supervised by PT Telkom's regional office in Bogor from the beginning of next year.The lines in the two areas are currently under the supervision of South Jakarta and East Jakarta respectively.

Manila eyes 2nd satellite

Manila eyes 2nd satellite MANILA (AFP): A Philippine-led consortium said yesterday it would launch two communications satellites within the next 18 months with the first one due in orbit within 10 days.Mabuhay Philippines Satellite Corp., led by Philippine Long Distance Telephone Co.

Indonesian rubber stable, Singapore mart buoyed

Indonesian rubber stable, Singapore mart buoyed SINGAPORE (Reuter): The Singapore rubber trade finished on an upbeat note yesterday on the back of modest shortcovering by local brokers and a few consumers in the market, dealers said.

Complaints about water shortage begin

Complaints about water shortage begin JAKARTA (JP): Many residents of the capital have started complaining of a water shortage, the city's mayors said yesterday.East Jakarta Mayor S. Sudarsono said that in his mayoralty alone, eight subdistricts in Cakung and Pulogadung district are already...

Malaysian Bunga Kekwah oil field starts production

Malaysian Bunga Kekwah oil field starts production SINGAPORE (Reuter): Malaysia's newest crude field, Bunga Kekwah, started production on Wednesday at 10,000 barrels per day (bpd), an industry source said yesterday.

RP pump prices rise 4 percent

RP pump prices rise 4 percent MANILA (AFP): Philippine oil refiners raised gasoline pump prices by an average 4 percent to reflect the peso's plunge against the dollar, the firms said yesterday.The new prices will take effect today, they said.Market leader Petron Corp.

New subscription rate

New subscription rateTo meet with increasing production costs, The Jakarta Post will apply a new monthly subscription rate of Rp 22,000 as of Sept. 1, 1997. The new unregistered mailing rate will be Rp 66,000 for a three-month subscription. -- The Publisher

All governors urged to support sticker sales

All governors urged to support sticker sales JAKARTA (JP): Governors from Indonesia's 27 provinces have been urged to support the sale of stickers to raise money for the 19th Southeast Asian (SEA) Games.

BII raises $140 million in securitization deal

BII raises $140 million in securitization deal JAKARTA (JP): Publicly listed Bank Internasional Indonesia (BII), a unit of the widely diversified Sinar Mas Group, has raised Rp 364.11 billion (US$140 million) by issuing securitized future credit card receivables to international institutional...

SE Asian regional currencies sag anew at month end

SE Asian regional currencies sag anew at month end SINGAPORE (Reuter): Southeast Asian currencies sagged anew in late business yesterday with a swathe of economic data from Thailand having no real impact on the baht or overall sentiment in the region.

Little cultural light at the end of rainbow legend

Little cultural light at the end of rainbow legendBy Yenni Kwok JAKARTA (JP): The joint Japanese-Indonesian theater production of Legenda Pelangi (The Rainbow Legend) should have served as a cultural bridge between the two nations. Instead, it highlighted differences.

Mahathir vows to push for review of rights declaration

Mahathir vows to push for review of rights declaration KUALA LUMPUR (AFP): Malaysian Premier Dr Mahathir Mohamad vowed to push for a review of the Universal Declaration on Human Rights and warned of scare tactics from superpowers, reports said yesterday.

Golkar moves to settle Irian debacle

Golkar moves to settle Irian debacle JAKARTA (JP): Golkar's central board of executives has sent a team to Irian Jaya to settle a dispute over the chairmanship of the province's legislative body.Golkar Chairman Harmoko said yesterday that the team, led by Secretary-General Ary Mardjono, would...

Where to go in Bali:

Where to go in Bali:Music and entertainment * Bali Cliff, Pecatu: Frog Dance, Saturday, Balinese Theater, Ramayana Ballet, Monday, Kecak Dance, Tuesday and Saturday, Legong Dance, Wednesday, Mask Dance, Thursday, Jegog Orchestra, Friday, Tektekan Calonarang, Sunday, from 8.30 p.m.

S'pore foreign reserves up

S'pore foreign reserves up SINGAPORE (AFP): Singapore's foreign exchange reserves rose by nearly S$1 billion Singapore (US$689 million) to a record $115.2 billion at the end of May, the Straits Times reported yesterday.The increase, from $114.

Korean carmakers move to help ailing Kia

Korean carmakers move to help ailing Kia SEOUL (Reuter): South Korea's two largest carmakers agreed yesterday to inject cash into a core unit of the Kia Group in a move which officials of the troubled conglomerate called a major breakthrough.

ZERI promises more jobs, less pollution

ZERI promises more jobs, less pollution JAKARTA (JP): Technological breakthroughs at the Zero Emissions Research Initiative (ZERI) will help lift productivity and create jobs, a conference was told yesterday.