Archive: 2 August 1997
54 articles found
Sat, 02 Aug 1997, 00:00 WIB
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. The talk will be held at TC Gallery on Jl. Kemang Raya 24A, Kebayoran Baru (next to Chi-Chi's) during the brunch hour, between 11 a.m. and 1 p.m. Everyone is welcome and there is no admission fee.
Sat, 02 Aug 1997, 00:00 WIB
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. Foreign riders have already arrived and got a feel for the circuit situated on the Manglayang mountain's slopes. French motocross observer Pascal Haudiquert said the circuit would be a challenging one.
Sat, 02 Aug 1997, 00:00 WIB
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. Charged under Article 170 of the Criminal Code, the seven students, all 18, could face a maximum 12 years in prison if found guilty.
Sat, 02 Aug 1997, 00:00 WIB
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. "Domestic violence should not be considered a private matter anymore when the public and law cannot intervene," said Sally, who recently founded Mitra Perempuan (Women's Partner), a women's crisis center in Jakarta. "Beatings and other forms of violence are criminal offenses," she said.
Sat, 02 Aug 1997, 00:00 WIB
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. Suryanto Sriwardjojo, an officer in charge of border affairs for Irian Jaya, said eight of the villages were located in Warasmal while the other village was in Marantikin, in the Jayawijaya regency.
Sat, 02 Aug 1997, 00:00 WIB
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. The outlet cost around Rp 100 million (US$38,460), collected from the employee's cooperative savings fund, Es Teler 77 owner Sukyatno Nugroho told The Jakarta Post. "Unlike other Es Teler 77 outlets, the Cinere Mal outlet doesn't need to pay franchise fees to us," he said.
Sat, 02 Aug 1997, 00:00 WIB
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. The Jakarta High Court overturned the lower Central Jakarta District Court's ruling that it did not have the authority to try the case. Megawati's leading defense lawyer, R.O.
Sat, 02 Aug 1997, 00:00 WIB
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. "It may cause a little shudder, but it's not a major blow," said an analyst. "This is not the first time that Pertamina has decided to take over a field, although in the past they have been much smaller fields.
Sat, 02 Aug 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock 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 -25 308,500 Alumindo Perkasa 875 0 6,500 Aneka Kimia Raya 1,450 -25 124,000 Anwar Sierad 1,200 0 518,500 Apac Centertex Corp.
Sat, 02 Aug 1997, 00:00 WIB
Dauzan, war veteran-turned mobile librarian
Dauzan, war veteran-turned mobile librarian By 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. Dauzan, a stooped man in his seventies, took out a stack of neatly bound back issues of news and religious magazines, and offered them to the young man. "Take a look at these. They are better than the one you are holding now," he said. "Those magazines!
Sat, 02 Aug 1997, 00:00 WIB
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. The team comprises 20 male rowers, 12 female rowers, 17 male canoeists, six female canoeists, 27 male traditional boat racers and 22 female traditional boat racers.
Sat, 02 Aug 1997, 00:00 WIB
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. Minister/State Secretary Moerdiono said the letter had arrived yesterday but he did not have a response from President Soeharto. "The letter was received really late by our embassy in Pretoria," he said.
Sat, 02 Aug 1997, 00:00 WIB
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. The aim of the Association of Southeast Asian Nations (ASEAN) mission is to speak with the country's Second Prime Minister Hun Sen, Alatas said.
Sat, 02 Aug 1997, 00:00 WIB
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 Minister of Research and Technology B.J. Habibie said. Habibie, who chairs the Natuna Development Agency, said the government planned to pipe the Natuna gas to Java.
Sat, 02 Aug 1997, 00:00 WIB
Tradition meets modernity
Tradition meets modernity From Sinar The 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 medicine man or a psychic. Instead, you only have to visit malls or shopping centers in big cities and you can find many of them selling their commodities.
Sat, 02 Aug 1997, 00:00 WIB
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. All airports that have planes bound for Pekanbaru had been notified of the closure, Yaisirin, an airport official, said.
Sat, 02 Aug 1997, 00:00 WIB
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. Nortel announced yesterday Lintasarta would provide nationwide data network services for 35 Indonesian cities by the end of the year with ATM services by 1999.
Sat, 02 Aug 1997, 00:00 WIB
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. But unfortunately they were wrong. Water shortages which hit Jakarta almost every year have also not spared the city this year. Many wells in some parts of Jakarta have already dried up.
Sat, 02 Aug 1997, 00:00 WIB
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 much-hyped conjecture of faring well as musical exhibitionists with a ubiquitous bus. Musical epicureanism was the elixir to soul-stirring music more than seemingly penitential fervor.
Sat, 02 Aug 1997, 00:00 WIB
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. "Indonesia is potentially a very big market, and we hope to get an about Rp 10 billion turnover this year," he said. TGB opened its 52nd retail outlet, called Accent, in Blok M Plaza here yesterday. TGB has grown rapidly, from 12 outlets in 1994 to 52 outlets.
Sat, 02 Aug 1997, 00:00 WIB
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. Witono, died at the crime scene before he could be taken to a hospital for medical treatment. City Police Chief Maj. Gen. Hamami Nata regretted the incident but courageously said it was a risk police officers face in accomplishing their duties.
Sat, 02 Aug 1997, 00:00 WIB
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. Increases in company reports of accrued interest receivable, meaning interest payments due but not paid by the institutions' debtors, indicated that nonperforming loans and loan losses were on the rise, the statement said.
Sat, 02 Aug 1997, 00:00 WIB
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. The second prime minister, who ordered the Taiwanese mission here shut last week in an apparent bid to court communist China, met with businessmen from the nationalist island at his home near Phnom Penh Thursday.
Sat, 02 Aug 1997, 00:00 WIB
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. It's probably going to be dull today since most of the people have already left for Indonesia," a dealer said. Dealers said the market was also looking for some leads going into the afternoon session.
Sat, 02 Aug 1997, 00:00 WIB
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. The finalists, 15 men and 15 women, were selected from 1,521 entries for the prestigious contest, which has in the past led to careers in showbiz for many of the winners. Good looks, while important, are not the only criterion.
Sat, 02 Aug 1997, 00:00 WIB
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. In Vietnam, tens of thousands of peasants worked to save their homes and rice fields from the annual onslaught of flooding, which officials warn is coming early this year.
Sat, 02 Aug 1997, 00:00 WIB
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. Raha predicted that the rupiah would not rebound to its previous level of 2,450 (before the July 21 turbulence) but would settle at a fair price of between 2,550 and 2,600.
Sat, 02 Aug 1997, 00:00 WIB
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 Advertising Association that some traditional philosophies, such as the Javanese, encouraged passivity and conformity which hindered initiatives toward efficiency.
Sat, 02 Aug 1997, 00:00 WIB
New CDs play traditional Indonesian music for all
New CDs play traditional Indonesian music for all By 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 from the aforementioned genres? Not a chance. The possibility may seem but a siren song in today's Indonesia, where the industry is gung ho on their so-called "modern" musical packages.
Sat, 02 Aug 1997, 00:00 WIB
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 technology, Habibie said yesterday.
Sat, 02 Aug 1997, 00:00 WIB
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. 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.
Sat, 02 Aug 1997, 00:00 WIB
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. Suhardiman said there should not be any discussion on whether the next vice president would be a civilian or military man, but there was a great possibility that the post would go to someone from the Armed Forces.
Sat, 02 Aug 1997, 00:00 WIB
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. The third-seeded Coetzer combined patience with power to beat Yayuk 6-3 6-4 in a 77-minute quarterfinals clash. "I played the right shot at the right time.
Sat, 02 Aug 1997, 00:00 WIB
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 yesterday, said the offer was of interest to Jakarta. Nujoma is in Indonesia for a three-day official visit.
Sat, 02 Aug 1997, 00:00 WIB
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. Saud Rachman of the United Development Party (PPP) said that in the future, the city would face increasingly complicated problems related to economic and development programs.
Sat, 02 Aug 1997, 00:00 WIB
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. Hundreds of vegetable and fruit vendors could do nothing when dozens of officers, who were guarded by police and armed military officers, pulled down their makeshift kiosks. Public order officers collected the remnants of the kiosks, in the form of wooden tables and boxes, and burned them.
Sat, 02 Aug 1997, 00:00 WIB
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. The match will be in Manila or Mindoro in the Philippines, said Joe Koizumi of Tokyo-based Ring Japan.
Sat, 02 Aug 1997, 00:00 WIB
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. But the office's head, Fauzi Bowo, denied the drop reflected overseas fears over riots in Jakarta before the May general election. Fauzi said economic slowdown in Indonesia's biggest tourism markets was the reason for the drop.
Sat, 02 Aug 1997, 00:00 WIB
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. Police were still questioning the teenager who did not disclose the distributor of the pills, Samarinda Police Chief Lt. Col. Yayat Sudrajat said. (09)
Sat, 02 Aug 1997, 00:00 WIB
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, 41, to two years in jail. Both men were staff of the museum's conservation department.
Sat, 02 Aug 1997, 00:00 WIB
Ethnomusicologist sings praises of local tunes
Ethnomusicologist sings praises of local tunes By 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. The presenter subsequently scratched his grayish hair and again reiterated the very interjection which is the Indonesian equivalent of "Ouch" before he answered.
Sat, 02 Aug 1997, 00:00 WIB
TV today
TV today TVRI 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: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:30 TVRI News 7:00 Evening News 7:35 TV Drama: Losmen Pak Jono 8:00 News: Lintasan Berita 8:05 Music: Tunas Vokalia 9:00 World...
Sat, 02 Aug 1997, 00:00 WIB
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., with the balance held by Tianjin Automobile Industrial (Group) Co. Ltd. and a subsidiary of the Chinese firm, Japan's largest auto maker said. The venture has capital of 104 million yuan (12.5 million dollars), it said in a statement.
Sat, 02 Aug 1997, 00:00 WIB
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. Speaking in a radio debate at the state-owned station RRI, former ambassador to Australia Sabam Siagian and legislators Aisyah Amini and Suprapto, agreed that it should be made clear the proposals to be tabled are Indonesian proposals, thus giving them more weight.
Sat, 02 Aug 1997, 00:00 WIB
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. Speaking to 1,500 new graduates of the School for middle-rank Police Officers (Secapa) here yesterday, Dibyo blamed a complex society and global economy for the changes to crime.
Sat, 02 Aug 1997, 00:00 WIB
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 very welcome in Namibia and other African countries to help develop their natural resources.
Sat, 02 Aug 1997, 00:00 WIB
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. Aritonang said Thursday that an arrested suspect in the case could not have operated alone without the help of airline staff in letting passengers board planes without proper tickets.
Sat, 02 Aug 1997, 00:00 WIB
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. We expect the relocation will be completed this year," head of the city's informal business office, Ari Djazuli, said. "Currently, we're still in the process of completing land appropriation to accommodate the vendors," Ari said.
Sat, 02 Aug 1997, 00:00 WIB
Weak diplomacy
Weak diplomacy From Forum Keadilan Everyone 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. It would actually have been better to let some U.S. Senate members speak vehemently about human rights issues and Indonesia should be up to responding by diplomacy. After all, those voices are not a decision by Congress.
Sat, 02 Aug 1997, 00:00 WIB
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. "The loan for the project is expected to contribute to the economic development of Indonesia and benefit Japan through the import of copper," the bank said in a statement. The nine commercial banks participating in providing loans are the Bank of Tokyo-Mitsubishi Ltd., Sumitomo Bank Ltd.
Sat, 02 Aug 1997, 00:00 WIB
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. The deal is guaranteed by Jasindo, which is wholly-owned by the Indonesian government. The two-year notes has a put option on the first anniversary.
Sat, 02 Aug 1997, 00:00 WIB
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.
Sat, 02 Aug 1997, 00:00 WIB
'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 reserves.
Sat, 02 Aug 1997, 00:00 WIB
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. Mar'ie said the big reshuffle at the four state banks was a government effort to revive state banks' management teams. But he said that the planned mergers of state banks was only one reason for the reshuffle. There are seven state banks.