Indonesian Political, Business & Finance News

Archive: 27 August 1997

54 articles found

Software piracy to remain rampant, says official

Software piracy to remain rampant, says official JAKARTA (JP): Software piracy in Indonesia will remain rampant given the lack of respect for other people's intellectual works, says a senior official.Bambang Kesowo, chairman of Team Kepress 34 which was established by the government to protect...

Importers, exporters 'must subscribe to EDI'

Importers, exporters 'must subscribe to EDI' JAKARTA (JP): Importers and exporters in the city must subscribe to the customs electronic data interchange (EDI) system by Oct. 1, Director General of Customs and Excise Soehardjo Soebardi said yesterday.

Rare animals on exhibit

Rare animals on exhibit KENDARI, S.E. Sulawesi: Two anoa (Bubalus deprecornis), or dwarf buffaloes, are being featured at the ongoing 1997 development expo here to motivate the local community to conserve the nearly extinct animals, Antara reported yesterday.

Clarification of TV levies, please

Clarification of TV levies, pleaseFrom Sinar pagiContradicting opinions on TV levies have left me confused. Each side seems to have strong grounds.Those against the levy say there is no legal basis for the TVRI foundation to extract money from the community.

Foreign banks angered, battle new China tax

Foreign banks angered, battle new China tax BEIJING (Reuter): Foreign banks in China have launched a drive to persuade Beijing not to impose a withholding tax on inter- branch and interbank funding that they say would make doing business in China unprofitable.

Bank Rajawali acquired

Bank Rajawali acquired JAKARTA (JP): State-owned PT Pos Indonesia and two pension foundations acquired 25 percent of Bank Rajawali under an agreement signed here yesterday.Informed banking sources said that under the agreement, the bank is now 10 percent owned by Pos Indonesia, 10 percent by Pos...

Nirwan

NirwanCorrection: The headline of an article under the photo on this page yesterday should have read "Kalianda resort to be green: Nirwan". We apologize for the error. -- Editor

Spotlight

SpotlightPhoto A: HerawatiJP/obyIN LOVING MEMORY: Herawati Diah (second from left) flanks Megawati Soekarnoputri (left) after presenting her with a biography of her late husband, newspaper mogul B.M. Diah.

Car thieves shot dead

Car thieves shot dead BANDUNG: Three alleged car thieves were killed in a shoot-out with police in Bandung on Monday morning.Ade Suryana, 35, Maruf alias Abah, 38, and Tubagus Permana alias Edi Kopassus, 36, were shot dead when they resisted arrest, Bandung Police Chief Col.

Southeast Asian currencies slide

Southeast Asian currencies slide SINGAPORE (Reuter): Southeast Asian currencies slipped again yesterday and dealers said they could be ready for a new round of falls with the market still worried and regional bourses dropping sharply.

Quake jolts W. Sumatra

Quake jolts W. Sumatra PADANG, W. Sumatra: An earthquake measuring 5.2 on the Richter scale jolted West Sumatra at dawn yesterday, Antara reported.The quake's epicenter was located at the Mentawai Strait, about 250 km southwest of Padang Panjang, an official of the local meteorological and...

To dub or not to dub?

To dub or not to dub? As a result of the government's plan to ban the dubbing of foreign films, the majority of the population who are illiterate will no longer be able to enjoy telenovelas, Indian tragedy films or comics from Hong Kong.

Foreign Secretary Cook turns up the heat

Foreign Secretary Cook turns up the heat In his first interview since the break-up of his marriage became public, British Foreign Secretary Robin Cook talks to Patrick Wintour in London about Bosnia's war criminals, arms sales to Indonesia, climate change and Scottish devolution.

A cunning plan

A cunning planBy Djanwar Madjolelo JAKARTA (JP): About 150 pairs from 30 nations entered a three session qualifier to a three session final of 28 pairs, in the 43rd European Bridge Championships at Montecatini Terme, Italy, from June 14 to June 28.

Jl. Jaksa fair opens in style

Jl. Jaksa fair opens in style JAKARTA (JP): For the fourth successive year, Jl. Jaksa, a Central Jakarta street well-known among the foreign backpacking brigade, is hosting a cultural festival.A street carnival yesterday afternoon from Hotel Sari Pan Pacific on Jl. M.H. Thamrin to Jl.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 26, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 700 0 23,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 975 75 75,500 Alumindo...

'Fast buck' scheme behind fiasco

'Fast buck' scheme behind fiascoBy Erwin Ramedhan JAKARTA (JP): North American financiers, foreign exchange operators and others have launched repeated attacks on Southeast Asian currencies and economies.

Thamrin project to start despite complaints

Thamrin project to start despite complaints JAKARTA (JP): The administration is to start the beautification project of Jl. M.H. Thamrin next month despite requests for a review from building owners.The scheme, which includes the tearing down of fences between high-rise buildings and widening...

Lintasarta joins Equant to provide global network

Lintasarta joins Equant to provide global network JAKARTA (JP): Indonesia's major data communications service provider PT Aplikanusa Lintasarta and state-owned international telecommunications company, Indosat, have joined worldwide network provider Equant to provide reliable global communications...

Golkar to draft 'security' decree

Golkar to draft 'security' decree JAKARTA (JP): The ruling Golkar plans to draw up its own draft of a state policy that would grant a president preemptive powers against subversive activities, its chairman said yesterday.

Articles on military tribunals dropped

Articles on military tribunals dropped JAKARTA (JP): The House of Representatives finished deliberating yesterday four security and defense-related bills, one of which underwent significant change in that all of its 15 articles on special military tribunals were scrapped.

Sarwono warns of more fires in September

Sarwono warns of more fires in September JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja warned yesterday of more forest fires in September as the dry season reaches its peak.Speaking to reporters in his office here, Sarwono emphasized the need to develop a "sense of urgency"...

Aurora okays RI gold mine

Aurora okays RI gold mine PERTH (Reuter): Aurora Gold Ltd said yesterday it had approved development of its 85 percent-owned Toka Tindung gold-silver mine project in North Sulawesi, Indonesia, pending final government approvals and financing.

RI expects 35% offset deal from Sukhoi purchase

RI expects 35% offset deal from Sukhoi purchase JAKARTA (JP): Indonesia expects an offset deal worth at least 35 percent of the cost of the Sukhoi jet fighters and military helicopters it will purchase from Russia, a senior minister said yesterday.

IMF praises RI's success, urges further deregulation

IMF praises RI's success, urges further deregulation JAKARTA (JP): The International Monetary Fund (IMF) has praised Indonesia's success in reducing poverty but urged further deregulation and abolishment of monopolies to help raise the living standards of low-income groups and improve equity.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 Family's Film: Big Brother Jake 3:10 Children's Program: Anak-Anak Indonesia 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Educational Quiz: Cepat Tepat 5:10 TV Series: Road to Avonlea 5:55 Music 6:00 News: Lintasan Berita 6:05...

Excelcomido installs 17-km microcell network

Excelcomido installs 17-km microcell network JAKARTA (JP): Private global system for mobile communications (GSM) operator PT Excelcomindo Pratama has installed a 17- kilometer microcell network in the capital's golden triangle area to improve its coverage in the city's most active business district.

S'pore withdraws from canoeing, rowing

S'pore withdraws from canoeing, rowing JAKARTA (JP): Apparently aware that it would not win rowing golds at the 19th SEA Games, Singapore has decided to withdraw from canoeing, and the fours and eights rowing events.

Indonesia's capital market: A commitment to progress

Indonesia's capital market: A commitment to progress It seems only yesterday when President Soeharto, accompanied by then minister of finance Ali Wardhana, inaugurated on August 10, 1977, the Capital Market Supervisory Agency (Bapepam).

Investors huddle with 'powerful partners'

Investors huddle with 'powerful partners' JAKARTA (JP): Investors cling to politically well-connected partners to safeguard against upheaval, despite the fact that political risks are highly unpredictable, an observer says.

Tomen enters Indonesia

Tomen enters Indonesia TOKYO (AFP): Japan's Tomen Corp. and Korea Polyol Co. Ltd. will set up a joint venture in Indonesia for polypropylene glycol (PPG) production, jointly with local concern Aneka Kimia Raya Artika, Tomen said yesterday.

Free plastic surgery for kids

Free plastic surgery for kids JAKARTA (JP): The Dharmais Foundation, chaired by President Soeharto, will soon help 1,000 people with harelips, a foundation executive said yesterday.In cooperation with Indonesia's Plastic Surgeons Association, the foundation will conduct free plastic surgery on 500...

Overseas savings taxed

Overseas savings taxed JAKARTA (JP): The Ministry of Finance reaffirmed yesterday the interest received or accrued from deposits and savings held overseas through banks established in Indonesia or foreign banks operating in Indonesia would remain subject to 15 percent income tax.

Rupiah woes a lesson in crisis management

Rupiah woes a lesson in crisis managementBy P. Usmanto Njo and Marike Stellinga JAKARTA (JP): Indonesia received an unwanted present for its 52nd anniversary. Like a tsunamic attack, the exchange value of the American dollar skyrocketed.

ASEAN to increase reserve fund to fight speculators

ASEAN to increase reserve fund to fight speculators KUALA LUMPUR (AFP): The Association of South East Asian Nations (ASEAN) plans to increase its financial reserves fund later this year to fight future currency speculators, reports said yesterday.

Shoes project is counterproductive: Haryono Suyono

Shoes project is counterproductive: Haryono Suyono JAKARTA (JP): Controversy continued yesterday over a private shoe company's plan to sell its products directly to schools, seemingly with the Ministry of Education and Culture's endorsement.

Container theft uncovered

Container theft uncovered JAKARTA (JP): The City Police have arrested a businessman for his alleged involvement in the theft of 27 containers, an officer said.Spokesman Lt. Col. E. Aritonang said Monday the suspect, identified as Komarudin Y.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: The Indonesian Fine Arts Foundation - Philip Morris Indonesian Art Awards 1997, at Graha Lukisan, Museum Purna Bhakti Pertiwi, Jl. Taman Mini I, East Jakarta, 9 a.m. to 4 p.m., until Aug. 31.

Li Peng wants more ASEAN ties

Li Peng wants more ASEAN ties SINGAPORE (AFP): Chinese Premier Li Peng called yesterday for a long-term strategy of closer relations with ASEAN economies, including cooperation in the key financial sector.

China urges Asian ties to fight currency turmoil

China urges Asian ties to fight currency turmoil SINGAPORE (Reuter): China and member states of the Association of Southeast Asian Nations (ASEAN) should strengthen ties to fight against speculative attacks on their currencies, Chinese Premier Li Peng said yesterday.

Proposal made to raise tap water tariffs by 12%

Proposal made to raise tap water tariffs by 12% JAKARTA (JP): City-owned drinking water company PDAM Jaya has proposed the city administration raises tap water tariffs by up to 12 percent, an official said yesterday.

Uniform shoes a marketing ploy

Uniform shoes a marketing ploy A private shoe company's initiative has developed into quite a talking point among parents in Indonesia. The issue is whether students should be made to wear uniform shoes supplied by PT Aryo Nusa Pakarti (ANP).

Bridge collapse defendant freed

Bridge collapse defendant freed JAKARTA (JP): The West Jakarta District Court yesterday found a Korean man not guilty of causing the collapse of the 500-ton Grogol overpass on March 22.State prosecutor Lonardi Maladi had asked the judges to sentence Byung Woo Lee, 38, to one year's imprisonment,...

Lawyer calls for rewards for drug-case informants

Lawyer calls for rewards for drug-case informants JAKARTA (JP): A noted lawyer called on the government yesterday to issue a law that required authorities to reward people who tipped off the police in drugs-related crimes.

A feast fit for the King at Elvis Cafe

A feast fit for the King at Elvis Cafe Inching through Jakarta's lunchtime snarl, Epicurus and friends spruced themselves up for their rendezvous with the King. No, not Larry, Carole or even Rodney, but the one and only Elvis.

Legislator's house raiders identified

Legislator's house raiders identified JAKARTA (JP): The South Jakarta police have identified people believed to have ignited a fire at a Golkar legislator's official residence Monday morning.But they refused to reveal any identities or the number of suspects."We're still tracing them.

Peng, Nutu-Gajic share lead

Peng, Nutu-Gajic share lead JAKARTA (JP): Grandmasters (GMs) Peng Zhaoqin and Daniela Nutu-Gajic shared the lead on 9.5 Victory Points until the 12th round of the women's grandmaster chess championship Tuesday.

Support pours in for Soeharto

Support pours in for Soeharto JAKARTA (JP): Support poured in yesterday for a Golkar senior member's proposal that the ruling political organization formally name, as soon as possible, incumbent President Soeharto as its candidate for the presidential election next year.

Chat line dilemma

Chat line dilemma The present fuss over "chat lines" is just one of a myriad of complications which globalization is now forcing the nation to confront.Chat lines -- also known as "party lines" or "global friendship lines" -- are a telephone service being offered by a growing number of operators.

Stocks gain ground as rupiah weakens

Stocks gain ground as rupiah weakens JAKARTA (JP): The Jakarta Stock Exchange recorded a technical rebound yesterday as the rupiah weakened against the U.S. dollar on the back of sufficient liquidity supply, analysts and dealers said.Stockbrokers said share prices on the exchange rose 2.

Housewife charged with killing her maid

Housewife charged with killing her maid JAKARTA (JP): A housewife with a history of mental illness was indicted at the West Jakarta District Court yesterday for the manslaughter of her maid.Maria Ursula Tangguh, 38, a resident of the Kedoya housing complex in West Jakarta, was charged with...

Houses damaged in quake

Houses damaged in quake BANDA ACEH, Aceh: Fourteen houses were destroyed and hundreds of others damaged when an earthquake measuring 5.8 on the Richter scale hit Central Aceh last Wednesday.Antara reported that at least 60 people became homeless in the villages of Gegarang, Berawang Dewa, Atu...

Indonesia insurance seen stifled

Indonesia insurance seen stifled SYDNEY (Reuter): Indonesia's life insurers risk being stifled by strict investment controls, low entry capital requirements and continued currency volatility, a senior industry executive said yesterday.

Informatics to open more schools

Informatics to open more schools JAKARTA (JP): Computer school chain PT Informatics RT Indonesia (PTIRTI) is set to expand to cater to the local market's growing demand for information technology skills and knowledge.