Indonesian Political, Business & Finance News

Archive: 2 August 1997

54 articles found

Alatas to depart for Phnom Penh

Alatas to depart for Phnom Penh JAKARTA (JP): Indonesian foreign minister Ali Alatas will leave for Phnom Penh this morning as a first step in ASEAN's renewed efforts to help resolve the turmoil in Cambodia.

Southeast Asia braces for floods

Southeast Asia braces for floods BANGKOK (DPA): Farmers and other potential victims throughout Southeast Asia were working feverishly yesterday to shore up dikes, dig canals and fill sand bags as the first of the season's deadly typhoons began lashing the region.

Thirty finalists selected for 'Abang' and 'None' contest

Thirty finalists selected for 'Abang' and 'None' contest JAKARTA (JP): The Jakarta Tourism Office announced yesterday the names of 30 finalists for the Abang dan None Jakarta (Mr. and Miss Jakarta) contest.

S'pore rubber market quiet, Indonesia stable, KL firmer

S'pore rubber market quiet, Indonesia stable, KL firmer SINGAPORE (Reuter): Trading in the Singapore rubber market was quiet by midday yesterday in light dealings with most of the trade poised to leave for an industry meeting in Indonesia, dealers said."I've not seen a whole lot of offers.

Hun Sen moves to reassure Taiwan

Hun Sen moves to reassure Taiwan PHNOM PENH (AFP): Cambodian leader Hun Sen has made fresh attempts to reassure shaken Taiwanese investors that their interests are safe following a sharp decline in relations between here and Taipei, reports said yesterday.

Several Thai firms' ratings could be downgraded: Agency

Several Thai firms' ratings could be downgraded: Agency BANGKOK (AFP): New York-based credit rating agency Standard and Poor's yesterday issued a statement warning that its ratings of several Thai financial institutions could be downgraded.

Police officer gunned down by crime suspect

Police officer gunned down by crime suspect JAKARTA (JP): A Mobile Brigade Police officer was killed on duty yesterday after two alleged criminals slashed his left hand with a machete and shot him twice in the waist and stomach.The officer, First Sgt.

Texmaco wants 100 outlets

Texmaco wants 100 outlets JAKARTA (JP): PT Texmaco Graha Busana (TGB) plans to open about 100 textile outlets in Indonesia and Asian countries by the end of the year, its general manager, Parikshit Sharma said yesterday.

The musical journey of The Stage Bus

The musical journey of The Stage Bus JAKARTA (JP): Soul music was suspended in air as the evening's lingering afterthought and jazz never seemed so eminently unforgettable. Luluk Purwanto and the Helsdingen Trio made one thing clear -- impassioned suggestions of the jazz note could not condone the...

Water crisis is back

Water crisis is back In the first half of this year many Jakartans believed they were blessed because the rain kept falling. On many occasions in the past, heavy rains stopped at the beginning of the year. This year, people were convinced there would be no serious water crisis.

Lintasarta selects Nortel

Lintasarta selects Nortel JAKARTA (JP): Private data communications service provider PT Aplikanusa Lintasarta will upgrade its equipment with Magellan asynchronous transfer mode (ATM) data switches from Canadian firm Nortel.

Pekanbaru airport temporarily closed

Pekanbaru airport temporarily closed PEKANBARU, Riau: Simpang Tiga International Airport has been temporarily closed since yesterday morning to all landing aircraft because of thick smoke, believed to be from smoldering forest fires, Antara reported.

Tradition meets modernity

Tradition meets modernityFrom SinarThe practice of traditional medicine has been on the increase lately. Many people -- from the lower class to the higher class -- believe in this business. Now you do not necessarily have to rove through the mountains, forests and valleys to get the service of a...

Gov't delays use of nuclear power

Gov't delays use of nuclear power JAKARTA (JP): The government chose natural gas over nuclear energy yesterday when it indefinitely delayed plans to build a nuclear power plant.The growing need for electricity in Java would be supplied by gas from the huge reserves in the Natuna Islands, State...

Rupiah to settle at 2,550-2,600: Lehman

Rupiah to settle at 2,550-2,600: Lehman JAKARTA (JP): Lehman Brothers' chief economist on Southeast Asia, Arup Raha, predicted here yesterday that the rupiah would eventually stabilize below 2,600 against the U.S. dollar on the back of sound economic fundamentals.

Soeharto receives Mandela's letter

Soeharto receives Mandela's letter JAKARTA (JP): President Soeharto has finally received the much publicized letter from South African President Nelson Mandela urging the release of jailed East Timorese rebel leader Jose Alexandre "Xanana" Gusmao.

104-member rowing team selected for Games

104-member rowing team selected for Games JAKARTA (JP): The Indonesian Rowing Association named yesterday the team for the 19th Southeast Asian (SEA) Games here in October.The 104-member rowing team is aiming to win 25 gold medals in the 31 events at the Games.

Dauzan, war veteran-turned mobile librarian

Dauzan, war veteran-turned mobile librarianBy Israr Ardiansyah YOGYAKARTA (JP): At a flea market behind the Beringharjo market, Dauzan Farook sat and glanced at a student going through a magazine with a model in a swimming suit on the cover.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on August 1, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,050 0 17,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,100 0 107,500 Alumindo Light Metal 1,350 -25...

Pertamina-Caltex clash causes ripples: Analysts

Pertamina-Caltex clash causes ripples: Analysts SINGAPORE (Reuter): A decision by state oil company Pertamina to take over a crude field operated by Caltex -- Indonesia's most prolific producer -- is unlikely to represent a major policy change, industry sources said yesterday.

High court backs Mega's lawsuit

High court backs Mega's lawsuit JAKARTA (JP): The ousted chief of the Indonesian Democratic Party (PDI), Megawati Soekarnoputri, was given an opportunity to continue her legal battle after a high court yesterday backed her lawsuit contesting the validity of her rival's leadership.

Es Teler 77 staff run outlet

Es Teler 77 staff run outlet JAKARTA (JP): Employees of Es Teler 77, an Indonesian food chain with 189 outlets across the country, opened their first self-run outlet at Cinere Mal shopping center in South Jakarta yesterday.

Border villages lack legal status

Border villages lack legal status JAYAPURA, Irian Jaya: Nine villages on the border of Indonesia and Papua New Guinea still lack legal status, although both countries have agreed to make further inquiries.

Center to help victims of domestic violence

Center to help victims of domestic violence JAKARTA (JP): Women who are victims of domestic abuse should not hesitate to bring their cases to crisis centers, anthropologist Sally Nasution said yesterday.

Seven students face jail terms for murder

Seven students face jail terms for murder JAKARTA (JP): A state prosecutor asked the Central Jakarta District Court yesterday to send seven high school students to jail for their alleged roles in a brawl on December that resulted in the death of one student.

Evert favorite in 250cc world race

Evert favorite in 250cc world race JAKARTA (JP): Belgium's Stevan Evert is favorite to win the 12th leg of the 250cc World Motorcross championships starting today at the Jatinangor circuit near Bandung.But Evert will face tough competition from France's Frederic Bolley and Sebastian Tortelli.

Brunch talk on world music

Brunch talk on world music JAKARTA (JP): Renowned ethnomusicologist and curator of the Center for Folklife Programs and Cultural Studies at the Smithsonian Institute, Anthony Seeger, is scheduled to speak tomorrow on the importance of different people listening to each others' music.

Two museum employees jailed for painting theft

Two museum employees jailed for painting theft JAKARTA (JP): Two National Museum employees received jail terms yesterday for their part in the theft of 25 priceless paintings last year.A Central Jakarta District Court judge sentenced Bambang Widoyono, 38, to three years imprisonment and Supandi,...

'Geofinancial' shift in power balance

'Geofinancial' shift in power balance Conventional analyses of international relations often refer to the geopolitical power balance. Our Asia correspondent Harvey Stockwin examines a subdivision of the overall balance of power -- the fast-changing "geofinancial" distribution of foreign exchange...

Put nation's interest first

Put nation's interest first The fuss over our national car policy has once again gained in intensity on the international forum. The United States has filed a second complaint over the issue with the World Trade Organization's Dispute Settlement Body. This means that the U.S.

Jasindo issues $50m notes

Jasindo issues $50m notes HONG KONG (Reuter): Rekasaran BI Ltd, a unit of state-owned PT Asuransi Jasa Indonesia (Jasindo), has completed a US$50 million floating rate notes issue due July 16, 1999, lead manager Credit Agricole Indosuez Hong Kong said yesterday.

Japan funds RI copper mine

Japan funds RI copper mine TOKYO (AFP): Japan's Export-Import Bank said yesterday it would join nine Japanese commercial banks in financing a copper mine project in Indonesia with loans totalling US$500 million.

Weak diplomacy

Weak diplomacyFrom Forum KeadilanEveryone knows about the cancellation of the purchase of U.S. F-16 fighter planes as a result of human rights issues in East Timor. In my opinion, the case is proof of the fragility of Indonesian diplomacy concerning human rights in East Timor.

750 vendors to be relocated

750 vendors to be relocated JAKARTA (JP): The municipality will relocate some 750 vendors in Tanah Abang market to a 4,000-square-meter area in Kebon Jati, Central Jakarta, a city official said yesterday."The decision was made according to the governor's instruction.

Police study insider roles in ticket scam

Police study insider roles in ticket scam JAKARTA (JP): City Police are trying to determine how a recent ticket scam at Merpati Nusantara Airlines, which has inflicted Rp 15.6 million (US$6,000) in losses to the state-run airline, developed.Spokesman Lt. Col. E.

RI business invited to invest in Namibia

RI business invited to invest in Namibia JAKARTA (JP): Visiting Namibian President Sam Nujoma invited yesterday Indonesian investors to his country and Southern Africa.Nujoma told a business luncheon hosted by the Indonesian Chamber of Commerce and Industry (Kadin) that Indonesian investors were...

New chief calls for professionalism

New chief calls for professionalism SUKABUMI, West Java (JP): National Police Chief Gen. Dibyo Widodo called for greater police professionalism in the face of increasingly complex crimes and social problems.

RI must take lead in Cambodian crisis: Observers

RI must take lead in Cambodian crisis: Observers JAKARTA (JP): Observers said yesterday Indonesia had to play a lead role in helping resolve the Cambodian crisis if ASEAN's mission to Phnom Penh is to be successful.

Toyota makes parts in China

Toyota makes parts in China TOKYO (AFP): Japan's Toyota Motor Corp. said yesterday it had established a joint venture in southern China to make steering parts and propeller shafts.Toyota has a 30 percent stake in the venture, Tianjin Jinfeng Auto Parts Co. Ltd.

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:...

Ethnomusicologist sings praises of local tunes

Ethnomusicologist sings praises of local tunesBy Achmad Nurhoeri JAKARTA (JP): An intent speaker spontaneously uttered "Aduh," at a press conference last week. The presenter was asked a question by a local reporter who mustered his question with a very thick, strong Javanese accent.

Govt reshuffles state banks' chiefs

Govt reshuffles state banks' chiefs JAKARTA (JP): Minister of Finance Mar'ie Muhammad yesterday installed 24 directors, including two president directors, at five state banks in preparation for planned state bank mergers.

Teenager arrested with drugs

Teenager arrested with drugs SAMARINDA, E. Kalimantan: Police have arrested a teenager for possessing more than 1,700 Nipam and Arthane pills, Antara reported yesterday.The suspect, identified as 19-year-old IW, was arrested on Thursday when the drugs were seized during a police anti-drug operation.

Fewer foreign tourists visit Jakarta

Fewer foreign tourists visit Jakarta JAKARTA (JP): The number of foreign tourists to Jakarta fell to 712,022 in the first six months of the year from 815,881 in the same period last year, the Jakarta Tourism Office said yesterday.

Espinosa to defend title

Espinosa to defend title TOKYO (AFP): World Boxing Council (WBC) featherweight champion Luisito Espinosa of the Philippines will take on Arentinean Carlos Rios in his fifth defense of the title on Oct. 11, his manager said yesterday.

Illegal kiosks torn down

Illegal kiosks torn down JAKARTA (JP): Hundreds of illegal kiosks in Gaplok market, along a railroad in Senen district, Central Jakarta, were torn down by Central Jakarta public order officers on Thursday.

City may have 4 deputy governors

City may have 4 deputy governors JAKARTA (JP): City councilors supported yesterday the municipality's proposal to the central government to raise the number of deputy governors from the current three to four.

Namibia gateway for Indonesian exports

Namibia gateway for Indonesian exports JAKARTA (JP): Visiting Namibian President Sam Nujoma has suggested his country be used as a gateway for Indonesian exports to Africa.Minister/State Secretary Moerdiono, who revealed the content of talks between President Soeharto and Nujoma at Merdeka Palace...

Coetzer beats Yayuk Basuki in Toshiba Classic

Coetzer beats Yayuk Basuki in Toshiba Classic CARLSBAD, California (Agencies): Amanda Coetzer, the compact South African with the potent forehand, posted a straight-sets win over erratic Indonesian Yayuk Basuki at the Toshiba Tennis Classic on Thursday to reach her ninth semifinal this year.

R. Hartono tipped as next vice president

R. Hartono tipped as next vice president JAKARTA (JP): Discourses on Indonesia's next vice presidency resurfaced yesterday when Suhardiman, a political observer and one of President Soeharto's aides, said the second top position would go to someone with a military background.

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. * The Acacia Jakarta, Jl.

Habibie backs military's plan to buy Russian planes

Habibie backs military's plan to buy Russian planes JAKARTA (JP): Minister of Research and Technology B.J. Habibie has backed the government's plan to buy the Russian-made jetfighter Su-30 Sukhoi.The aircraft was among the world's best and cheapest and Russia was well-known for its high military...

New CDs play traditional Indonesian music for all

New CDs play traditional Indonesian music for allBy Achmad Nurhoeri JAKARTA (JP): Stroll into any music store in Jakarta and take in the eclectic categories. Pop. Rock. Classic. Hiphop. Any traditional Indonesian music CDs, other than from Bali or Java, with the same recording quality of albums...

Traditional values often cause inefficiency: Cacuk

Traditional values often cause inefficiency: Cacuk JAKARTA (JP): Deeply rooted traditional values often cause inefficiency in Indonesia's business practices, a noted businessman said here yesterday.Bank Mega's president Cacuk Sudarijanto told members of the Indonesian chapter of the International...