Indonesian Political, Business & Finance News

Archive: 11 August 1997

58 articles found

Interest rate woes to cast another shadow on JSX

Interest rate woes to cast another shadow on JSX JAKARTA (JP): The uncertainty surrounding regional currencies and the rising interest rates in Indonesia will continue to cast a shadow over the local stock market, analysts said.

Police probe toddlers' deaths

Police probe toddlers' deaths SURABAYA, E. Java: Police plan to question two women whose four-year old toddlers died last week when they left them unattended in a car with the air-conditioning running in a supermarket parking lot, Antara reported Saturday.East Java Police Chief Maj. Gen.

Indonesia seen to spend $6 billion on tourism in 1997

Indonesia seen to spend $6 billion on tourism in 1997 JAKARTA (JP): The annual compounded growth of Indonesians' personal travel and tourism spending will reach 7.7 percent over the next decade, according to the Britain-based WTTC.

Going digital

Going digital I was ready to write a letter of complaint about having to buy a new box to watch Indovision's digital TV, when my landlord offered me the use of his son's system until he moved. Great!Imagine being able to watch Formula One again.

Mitsui invests more in Asia

Mitsui invests more in Asia TOKYO (Reuter): Mitsui Petrochemical Industries Ltd will invest 50 billion yen (US$436.1 million) to enter petrochemical business in Asia, a major Japanese financial daily reported on Saturday.

Number of diabetic patients up

Number of diabetic patients up JAKARTA (JP): The number of Indonesian diabetics may swell to five million by 2010, says an expert.Askandar Tjokroprawiro, an endocrinology expert at Surabaya's Dr. Sutomo General Hospital, was quoted by Antara as saying yesterday that in East Java capital alone there...

Jamu seminar opens next month

Jamu seminar opens next month JAKARTA (JP): An exhibition and seminar on Indonesia's traditional herbal medicine, jamu, its role as an alternative medicine and strategies to market it globally, will be held at the Kartika Chandra Hotel here on Sept. 12 and Sept. 13.

Two alleged drug makers nabbed

Two alleged drug makers nabbed JAKARTA (JP): Police arrested two men in Kelapa Gading, North Jakarta, over the weekend for alleged involvement in the production of barbiturate-type Nipam pills.City Police Spokesman Lt. Col. E.

Thais grab three titles at Asia Road Racing meet

Thais grab three titles at Asia Road Racing meet JAKARTA (JP): Thailand captured three titles at the Asia Road Racing motorcycling championship in Sentul, West Java yesterday.The three titles came from 110cc, 125cc and 150cc races in which seven Thai motorcyclists took most of the top places.

Ulema blames migrants for vice

Ulema blames migrants for vice BANDA ACEH, Aceh: Vice is spreading in Aceh and tainting the image of the province known as "Terrace of Mecca", a leading ulema said Saturday.Ali Hasjmy, the chairman of the local chapter of the Indonesian Ulemas Council, blamed migrants for the spread of alcoholism,...

AIDS expert

AIDS expertJP/bayCorrection: The article on anti-AIDS campaigner Dr. Zubairi Djoerban that appeared on this page on Saturday mistakenly identified Dr. Sjamsuridjal Djauzi, another campaigner, as Zubairi. The real Zubairi Djoerban is above.

Policy prudence

Policy prudenceFrom Bisnis IndonesiaLife insurance companies issuing policies of US$500,000 and above in Indonesia should proceed with great caution in screening applicants.The requirements should include a complete medical by two doctors; a report by the insurance agent on the medical; and the...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Graphics Exhibition: A European View (of Indonesia), old lithographs, engravings, and other graphics from Europe revealing the old way of life in Indonesia, at the Lagoon Tower, Jakarta Hilton International, Jl. Gatot Subroto, South Jakarta.

Astra CMG Life's premium income up 77%

Astra CMG Life's premium income up 77% JAKARTA (JP): PT Astra CMG Life's total premium income increased 77 percent to Rp 18 billion (about US$7.2 million) in the first six months of this year from Rp 10.2 billion a year ago.

Aceh culture goes global

Aceh culture goes global BANDA ACEH, Aceh: The Aceh Custom and Culture Institute (LAKA) has opened representative offices in Amsterdam and Kuala Lumpur to introduce and promote the diversity of its culture abroad, Antara reported Saturday.

No new cement plants

No new cement plants JAKARTA (JP): The Ministry of Forestry will stop issuing recommendations to any new cement plant in Java because of environmental consideration.But the ministry will still process applications that had already been received by yesterday, the Director General of Inventory and...

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

Manpower bill unclear on women's leave rights

Manpower bill unclear on women's leave rights JAKARTA (JP): The government-sponsored bill on manpower does not guarantee that the various leave entitlements accorded for women under the present law would be continued, lawyers said.

Shangri-La gives discounts over fire

Shangri-La gives discounts over fire JAKARTA (JP): The Shangri-La Hotel gave discounted room rates to guests who were evacuated when a fire broke out in the hotel on Saturday morning."So far, we haven't had any complaints from customers but we've given discounts to the guests who were...

Domestic airfares may be hiked due to weak rupiah

Domestic airfares may be hiked due to weak rupiah JAKARTA (JP): Domestic economy airfares may be increased because of the depreciation of the Indonesian rupiah against the U.S. dollar.Minister of Transportation Haryanto Dhanutirto said Saturday that the Indonesian National Air Carriers Association...

'Abang' and 'None' duties deviate from original objective

'Abang' and 'None' duties deviate from original objective JAKARTA (JP): Jakartans expressed concern Saturday that the role of the Abang and None Jakarta, or Mr and Miss Jakarta, was deviating from its original objective into merely ceremonial tasks,Amarullah Asbah of the Betawi (native Jakartans)...

Proud postures prop a still-fragile ASEAN

Proud postures prop a still-fragile ASEAN (ASEAN's) strength has lain in quiet consensus-building to resolve issues rather than head-on confrontation. This was and remains a necessity rather than a virtue because sensitivities still exist; some are too deeply-rooted, with historical as well as...

Dilemma for entrepreneur

Dilemma for entrepreneur The government has recently been intensifying efforts to empower small-scale entrepreneurs. As a businessman I have been longing to see an extension of capital aid for business development and heartily welcome the government's efforts.

Yoga classes

Yoga classes In reply to the letter by Anthony Loney (Aug. 8) concerning Yoga classes in Jakarta, the Brahma Kumaris Yayasan Studi Spiritualitas offers free courses, twice a month, in the meditation and philosophy of Raja Yoga.For further information, fax or phone 724-6794. HELEN QUIRINJakarta

Thai fisherman tests HIV-positive

Thai fisherman tests HIV-positive AMBON, Maluku: Another Thai fisherman has tested positive for human immunodeficiency virus (HIV), the Maluku office of the Ministry of Health said Saturday.The latest finding brings the number of Thai fishermen in Maluku with the virus to five.

Old archives building to be restored

Old archives building to be restored JAKARTA (JP): Work officially began Saturday to restore the decaying National Archives Building, a rare 18th century structure on Jl. Gajah Mada, Central Jakarta.A ceremony including the cutting of rice cones, signifying good luck, was held at the building to...

Bahana manages Rp 900b in public funds

Bahana manages Rp 900b in public funds JAKARTA (JP): PT Bahana TCW Investment Management has managed at least Rp 900 billion (US$347.49 million) in public funds pooled through its four mutual funds, says the company's senior executive.

Megawati rejects reconciliation dialog offer

Megawati rejects reconciliation dialog offer JAKARTA (JP): Ousted Indonesian Democratic Party (PDI) leader, Megawati Soekarnoputri, was dismissive of an initiative by the Soerjadi-led rival faction to hold a dialog to settle their dispute.

Review of rights declaration a defense mechanism?

Review of rights declaration a defense mechanism? Is there really a need to review the UN human rights declaration? J. Soedjati Djiwandono, a political scientist at the Center for Strategic and International Studies, argues that the issue could be exploited to retain the status quo.

Bill will make police sole probe coordinators

Bill will make police sole probe coordinators JAKARTA (JP): A draft bill on police being deliberated in the House of Representatives will make the police the sole coordinators of criminal investigations in the country two observers said at a forum here Saturday.

ASEAN mission visits China

ASEAN mission visits China BEIJING (AFP): Trade ministers from Myanmar, Thailand, Laos and Vietnam will lead large business delegations to the Kunming Export Commodities Fair over the next week, the China Daily reported Saturday.

New deputy police chief for E. Timor

New deputy police chief for E. Timor DILI, E. Timor: Col. Bambang Pranoto was installed as deputy chief of East Timor Police on Saturday, Antara reported.Bambang, formerly a lecturer on criminal law and police operations management at the Police Academy in Semarang, replaced Col. Atok Rismanto.

Malaysian govt to stop defending weak ringgit

Malaysian govt to stop defending weak ringgit KUALA LUMPUR (AFP): The Malaysian government will stop defending the ringgit, which has been battered in recent weeks by currency speculators, Premier Mahathir Mohamad said in remarks published Saturday."We are satisfied with the ringgit's position.

RP to probe oil price hike

RP to probe oil price hike MANILA (AFP): The chief aide of Philippine President Fidel Ramos said here Saturday that he favored a probe into oil companies raising their prices and called for a special law to address alleged collusion in pricing.

Learning disabilities need prompt action

Learning disabilities need prompt action JAKARTA (JP): If your child has to repeat a year at school, it is possible that he or she suffers from a learning disability, an expert says.Learning disabilities should be treated properly and promptly before they hamper the child's future, Ika Widyawati of...

Canadian firms dominate seventh-generation COWs

Canadian firms dominate seventh-generation COWs JAKARTA (JP): Canadian mining companies dominate the seventh generation contracts of work (COWs) which are now being examined by the House of Representatives, accounting for 75 percent, or 124, of the total 164 COWs.

Vietnam boosts rice exports

Vietnam boosts rice exports HANOI (AFP): Vietnam is set to surpass the United States to become the world's second largest rice exporter after Thailand, a report said on Saturday.The official Lao Dong newspaper said a Ministry of Agriculture and Rural Development source cited the U.S.

'Halal' Swiss restaurant here

'Halal' Swiss restaurant here JAKARTA (JP): A new franchise restaurant combining Swiss ambience and guaranteed halal (passed Moslem rules) food opened Saturday in the business and diplomatic district of Kuningan in South Jakarta.On the ground floor of the Graha Surya Internusa building on Jl.

Myanmar daily links Suu Kyi to terrorism

Myanmar daily links Suu Kyi to terrorism YANGON (AFP): Myanmar's state-run press has linked opposition leader Aung San Suu Kyi to acts of anarchy and terrorism and claimed she was in the pay of Western colonialists."Daw (Mrs.

Orphans die in Philippine fire

Orphans die in Philippine fire DUMAGUETE, Philippines (AFP): Five children burned to death when fire razed an orphanage in this central Philippine city, a fire official said yesterday.Fire marshal Ignacio Sy said four other people, including an American who ran the orphanage and his Filipina wife,...

Covenants, not governance

Covenants, not governance Interviews in Indonesian translated into English over the telephone make bad copy. The fault is mine.With reference to Discourse (page one, Aug. 9) what I actually said was that two international covenants (not governance), the one on Civil and Political Rights, the other...

60 military members netted at night spots

60 military members netted at night spots JAKARTA (JP): About 60 Armed Forces (ABRI) members were caught at discotheques and night clubs here on Friday and Saturday night in raids conducted jointly by police and military officers.

RP's central bank warns of capital flight if bank secrecy lifted

RP's central bank warns of capital flight if bank secrecy lifted MANILA (AFP): The governor of the Philippines Central Bank warned yesterday of large capital flight and a further weakening of the peso if Congress pushes through with plans to scrap the bank secrecy law and tax foreign currency...

SEA Games Hockey field asphalt 'substandard'

SEA Games Hockey field asphalt 'substandard' JAKARTA (JP): The asphalting of the new hockey field for the SEA Games is not up to the international standard set by American company Astro Turf, and must be fixed.Astro Turf has said it will not install artificial turf on substandard asphalt.

Anatomist is a dying profession

Anatomist is a dying profession YOGYAKARTA: Anatomist is a dying profession attracting fewer and fewer people, the chairman of the Association of Indonesian Anatomists, I Nyoman Sana, said."We don't know what really causes this, but we find it difficult to find people to continue our profession,"...

Russian jets fly Asian skies

Russian jets fly Asian skies The Indonesian government announced last week that it would buy 12 Russian-made SU-30K fighters and eight MI-17-IV helicopters after canceling the purchase of F-16s from the United States in May.

President Ramos travels and toils

President Ramos travels and toilsBy Uday Khandeparkar MANILA (Reuter): It is Manila's mellowest hour. At 5 a.m. the streets are deserted except for a few cruising cab drivers and members of President Fidel Ramos' cabinet.The ministers are heading for yet another out-of-town cabinet meeting.

Riau has new police chief

Riau has new police chief PEKANBARU, Riau: Col. Mukhlis Mukhtar, former inspector at the Jakarta Police, was installed as the new Riau Police chief on Saturday, Antara said.He replaced Brig. Gen. Moch. Maliki Sudirja who was recently appointed deputy chief of West Java Police, Antara reported.

Indonesia signals growth before rupiah's strength

Indonesia signals growth before rupiah's strength SINGAPORE (Reuter): Indonesia's latest interest rate cuts are designed to signal that it is not prepared to defend its currency, the rupiah, at the cost of economic growth, analysts in Singapore said.

Ban on dubbing

Ban on dubbing Although the measure could have been expected, considering objections that have been raised by the public in past months, Minister of Information Hartono's order banning the airing of foreign films dubbed into the Indonesian language, Bahasa Indonesia, nevertheless seems to have come...

Moslems and Christians urged to intensify dialogs

Moslems and Christians urged to intensify dialogs JAKARTA (JP): An international conference on Moslem-Christian relations ended here Saturday with a call for followers of both faiths to intensify discussions on creating peace between the two communities.

Analyst calls for greater role for VP

Analyst calls for greater role for VP JAKARTA (JP): A political analyst at a military think-tank suggested Indonesia give its next vice president a bigger role to play to help reduce President Soeharto's workload.

Gianyar regency cuts through red tape

Gianyar regency cuts through red tapeBy William Sommers JAKARTA (JP): Lately the Jakarta Post has been focusing on ways to reduce corruption in the Indonesian government.Suggestions from editorial writers, pundits and commentators include social control, modernized bureaucracy, better pay, more...

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 Cartoon Film: Silvan 3:10 TV Drama: Diantara Kita 3:35 Belief in God the Almighty 4:00 Regional News 4:30 Health Program: Kesehatan Keluarga 5:00 Indonesian Lessons 5:25 Variety Show: Music City Today 5:30 Sports: Diving 6:00 News:...

Ficorinvest opens branch in Surabaya

Ficorinvest opens branch in Surabaya SURABAYA (JP): Publicly listed Ficorinvest Bank has opened a new branch in Surabaya, East Java, to tap into the growing business activities in the province.Ficorinvest's director Supari Dhirdjoprawiro said the rapidly developing manufacturing sector would be the...

Malaysia sets ethics for receiving gifts

Malaysia sets ethics for receiving gifts KUALA LUMPUR (AFP): The Malaysian government, waging a battle against corruption in official ranks, is to set out in writing the types of gifts politicians and top officials can keep, reports said yesterday.

Ringgit may come under new speculative attacks

Ringgit may come under new speculative attacks SINGAPORE (AFP): The Malaysian ringgit is expected to be in the frontline of speculative attacks on Southeast Asian currencies this week as the weary Bank Negara keeps close watch.The ringgit plunged to a 39-month low of 2.6830 against the U.S.

Over 40 to enter snake taming contest

Over 40 to enter snake taming contest KUALA LUMPUR (AP): More than 40 snake tamers have a chance to win a $2,000 top prize if they're especially adept at such maneuvers as kissing cobras. And they don't have to bring their own snakes to the contest.The international contest is scheduled for Sept.