Archive: 30 August 1997
58 articles found
Sat, 30 Aug 1997, 00:00 WIB
Rupiah rebounds, but shares nosedive
Rupiah rebounds, but shares nosedive JAKARTA (JP): The Jakarta Stock Exchange suffered another large intraday loss yesterday, while the rupiah recovered to 2,890 in late trading after touching a new record low of 3,070 against the U.S. dollar, dealers and brokers said. Stockbrokers said share prices fell 6.9 percent, pushing the composite index down to a 21-month low, amid uncertainty over the rupiah's direction and regional market slump.
Sat, 30 Aug 1997, 00:00 WIB
Get connected
Get connected The Jakarta Post should start building its website on the World Wide Web. I do not see any reason for delay. First, The Jakarta Post, like Kompas, belongs to the Gramedia Group. Kompas already has its own homepage, as do the other two English newspapers, The Indonesia Times and Indonesian Observer. Their Uniform Resource Locater addresses, respectively, are http://www.indocon.com/indotimes and http://www.bb.bbg.co.id/observer/ind_obs.html.
Sat, 30 Aug 1997, 00:00 WIB
Montegrappa launches new exclusive pen
Montegrappa launches new exclusive pen JAKARTA (JP): Italian pen-maker Montegrappa launched yesterday an exclusive pen called Aphrodite, with prices of up to Rp 28 million (US$10,000) each. Company chief executive officer Leopoldo Aquila said production of the exclusive pen was limited, comprising only 1,912 silver fountain pens and 188 gold fountain pens. The two models are priced at Rp 6.5 million and Rp 28 million each.
Sat, 30 Aug 1997, 00:00 WIB
BI issues new Rp 500 coin
BI issues new Rp 500 coin JAKARTA (JP): The central bank, Bank Indonesia, has issued a new Rp 500 coin to increase the use of coins as legal tender in the country. The central bank said yesterday the new coin issued Thursday would be an addition to the existing Rp 500 coin issued 1991. The new Rp 500 denomination coin is made of aluminum bronze, and weighs 5.23 grams. It has a 24 millimeter diameter and a 1.83 millimeter thick rimming.
Sat, 30 Aug 1997, 00:00 WIB
Unpaid cellular phone bills reach billions of rupiah
Unpaid cellular phone bills reach billions of rupiah JAKARTA (JP): The amount of unpaid bills to the country's cellular telephone operators have reached billions of rupiah and the trend is increasing, a telecommunications executive said yesterday. Garuda Sugardo, engineering director of PT Telkomsel, a global system for mobile communications (GSM) operator, said the unpaid bills had reached an alarming level and cellular operators should join hands to combat the bad debtors.
Sat, 30 Aug 1997, 00:00 WIB
Broadcasting bill to be deliberated secretly
Broadcasting bill to be deliberated secretly JAKARTA (JP): The House of Representatives and the government agreed yesterday to delay deliberations on two of the five broadcasting bill articles to be amended in a closed meeting next week. The closed session, scheduled for Thursday and Friday, will focus on an article which would allow state-owned TV station TVRI to air selected advertisements. The other article deals with the term of private television station licenses.
Sat, 30 Aug 1997, 00:00 WIB
Excess stock pushes down sales of Voksel
Excess stock pushes down sales of Voksel JAKARTA (JP): PT Voksel Electric Tbk, a publicly listed cable producer, said yesterday the fall in its sales in the first half of this year was caused by overhanging cable stocks in the market. Company corporate secretary Hendru Widjaya said he was optimistic sales would improve in the current semester as demand would increase.
Sat, 30 Aug 1997, 00:00 WIB
Sempati must be more realistic: Nainggolan
Sempati must be more realistic: Nainggolan JAKARTA (JP): Private airline PT Sempati Air has to be more realistic and logical to become a profitable company, the airline's outgoing president, Santun Nainggolan, said here yesterday. Nainggolan said the realistic and logical approach was essential to ensure the airline's ongoing restructuring program would work as expected. He said Sempati had to make a lot of changes to improve. "The main thing is how to make Sempati a profitable airline.
Sat, 30 Aug 1997, 00:00 WIB
Two megaprojects finally included in revised plan
Two megaprojects finally included in revised plan JAKARTA (JP): Two widely publicized megaprojects -- the three- tier transit system and the Manggarai integrated terminal -- have finally been included in the revised 1997-2020 spatial plan, a city official said yesterday. Neither project was included in the presentation of the revised plan in May, the head of the City's Development Planning Board, Budihardjo Sukmadi, said.
Sat, 30 Aug 1997, 00:00 WIB
Indonesians may return first
Indonesians may return first KUALA LUMPUR (AFP): Malaysia would give priority to workers from Indonesia if a ban on the recruitment of unskilled foreign labor is lifted, reports said yesterday. Deputy Home Minister Tajol Rosli Ghazali said illegal Indonesian workers who had been deported would be the first to be asked to return here to work.
Sat, 30 Aug 1997, 00:00 WIB
Soros's investment
Soros's investment Referring to the news report concerning PT Datakom Asia published in Thursday's (Aug.28) paper (Page 1), it was mentioned that the investment made by Soros was put at US$40 million. The correct figure is $10 million. HANS NUGROHO Deputy General Manager PT Datakom Asia Jakarta Note: The amount cited in the story was quoted directly from Peter F. Gontha, and Hans Nugroho himself. -- Editor
Sat, 30 Aug 1997, 00:00 WIB
Setiabudi fire victims banned from rebuilding
Setiabudi fire victims banned from rebuilding JAKARTA (JP): South Jakarta Mayor Pardjoko has banned the residents of Setiabudi district whose houses and shops were razed by fire Thursday from rebuilding their properties. Pardjoko said yesterday the restriction was due to the mayoralty's plan to build a low-cost apartment on the site. "We are currently identifying the land title certificates of the location," he said.
Sat, 30 Aug 1997, 00:00 WIB
Coca Cola Cup final in Aceh
Coca Cola Cup final in Aceh JAKARTA (JP): Four Under-16 Indonesian soccer teams will compete at the semifinals and final of the 1997 Coca Cola Cup in Banda Aceh on Sept. 7 and Sept. 8. The cup has been organized annually since 1986 to commemorate National Sports Day, Sept. 9, when Indonesia organized its first National Games in Surakarta in 1948. The four teams are from Aceh, Jakarta, East Java and Bali. They cruised to the final four after beating the rivals in their respective groups.
Sat, 30 Aug 1997, 00:00 WIB
Admadjaya still controls Bank Danamon
Admadjaya still controls Bank Danamon JAKARTA (JP): The Admadjaya family said yesterday they remained the majority shareholder of the publicly listed Bank Danamon which was recently battered by rumors of clearing loss. "We are still the majority shareholder in the bank and don't have any plan to sell our stake," the bank's chief commissioner Usman Admadjaya was quoted by Antara as saying after the company's extraordinary shareholders' meeting.
Sat, 30 Aug 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 29, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 700 -75 20,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,025 25 25,000 Alumindo Light Metal 725 -25 895,000 Alumindo Perkasa 500 0 0 Aneka Kimia Raya 1,000 25 535,000 Anwar Sierad 850 0 75,000 Apac Centertex Corp.
Sat, 30 Aug 1997, 00:00 WIB
Sales of stickers for vehicle owners
Sales of stickers for vehicle owners JAKARTA (JP): Vehicle owners renewing documents at City Police headquarters from Monday will be forced to buy stickers to finance the 19th Southeast Asian Games, an official said yesterday. The city's coordinator for vehicle ownership documents, Manahan P. Situmorang, said anyone processing or extending documents would have to pay Rp 5,000 (US$1.70) for a sticker.
Sat, 30 Aug 1997, 00:00 WIB
Fears of gangland war rises in Japan
Fears of gangland war rises in Japan TOKYO (AFP): Fears of gangland warfare escalated across Japan yesterday after the number two man in the country's biggest organized crime syndicate was shot dead in a hotel cafeteria in the western city of Kobe. With 3,400 police mobilized in Kobe and nearby Osaka after Thursday's shootout, some experts warned of reprisals and possible turf battles between rival gangs, although others said the shooting seemed to be an internal affair of the Yamaguchi- gumi.
Sat, 30 Aug 1997, 00:00 WIB
Currency speculators
Currency speculators The recent bashing of so-called "currency speculators" in Southeast Asian countries deserves to be looked at from another perspective. These players are labeled speculators because there is no certainty that their actions will be profitable. It is known that international banks have lost money on their foreign exchange dealings and even George Soros lost considerably when he tried his hand with the German mark not so long ago.
Sat, 30 Aug 1997, 00:00 WIB
Haze forces river travel
Haze forces river travel SAMARINDA, E. Kalimantan: Hundreds of people from the northern part of the province had to resort to traveling by boat to Samarinda after perpetual thick smoke created poor visibility and forced the closing down of three airports here. Antara reported yesterday that boats setting off from Tarakan and Balikpapan had sophisticated navigation systems that enabled them to sail through the thick smoke believed to have come from the ongoing forest fires.
Sat, 30 Aug 1997, 00:00 WIB
Oka aims for Indonesian, Malaysian armies
Oka aims for Indonesian, Malaysian armies By Neil McDonald AUSTRALIA's rugged four-wheel drive Oka vehicles looks set to become a preferred military transport vehicle in both Indonesia and Malaysia. Apart from the Indonesians, the Malaysian army is looking at buying the 2.5-tonne full-time four-wheel drive turbo-diesel machines to use as transport vehicles in diverse and difficult terrain.
Sat, 30 Aug 1997, 00:00 WIB
Gulf Canada files for Indonesia IPO unit
Gulf Canada files for Indonesia IPO unit CALGARY (Reuter): Gulf Canada Resources Ltd said yesterday it filed for a much-anticipated initial public offering of its Gulf Indonesia Resources unit, operator of the company's extensive Indonesia oil and gas operations. Gulf said in its statement to the U.S. Securities and Exchange Commission it planned to issue 21 million common shares, of which 14.2 million would be offered by Gulf Indonesia and 6.8 by parent firm Gulf Canada.
Sat, 30 Aug 1997, 00:00 WIB
Sober religious tale belies during acrobatic performance
Sober religious tale belies during acrobatic performance By Yogita Tahil Ramani JAKARTA (JP): Droves of people pressed forward for a closer look as the woman deftly twirled a baton and simultaneously tossed wooden boxes, a couple of stools and more with her strong flailing legs. Fire-eating and the perfectly timed acrobatics drew gasps of admiration and awe. But there was a religious touch to Genjring Dog-Dog (tambourine and drum beats) at Taman Ismail Marzuki last Monday.
Sat, 30 Aug 1997, 00:00 WIB
Underground map vital for subway project: Surjadi
Underground map vital for subway project: Surjadi JAKARTA (JP): Governor Surjadi Soedirdja wants the administration to develop an underground map of the capital before subterranean development projects begin. Once the planned subway project and underground shopping centers are completed, Jakarta would have an underground city, he said yesterday.
Sat, 30 Aug 1997, 00:00 WIB
Caves potential tourist site
Caves potential tourist site BANYUWANGI, East Java: Hundreds of caves left by the World War II Japanese army in Banyuwangi, East Java, have yet to be turned into tourist attractions, a local official was quoted by Antara as saying. "It is regrettable, but I hope that they will (become tourist attractions) in the near future", said the head of the marketing section of the provincial tourism office in Banyuwangi, Siti Kamarukmi, on Wednesday.
Sat, 30 Aug 1997, 00:00 WIB
Unscrupulous labor agents to face Army
Unscrupulous labor agents to face Army JAKARTA (JP): President Soeharto has ordered the Armed Forces to back up provincial authorities' crackdown on unscrupulous labor agents who cheat young people into working abroad illegally. The President also instructed Minister of Manpower Abdul Latief to accelerate the repatriation of illegal workers who were detained by the Malaysian government at its immigration centers.
Sat, 30 Aug 1997, 00:00 WIB
Texmaco's sales up 98%
Texmaco's sales up 98% JAKARTA (JP): Publicly listed engineering company PT Texmaco Perkasa Engineering recorded an 98 percent increase in net sales to Rp 276.7 billion (US$104.41 million) in the first semester this year from Rp 139.7 billion in the same period last year. The company said yesterday net profit rose to Rp 51.8 billion in the first semester this year from Rp 20 billion in the same period last year.
Sat, 30 Aug 1997, 00:00 WIB
General Motors stands firm on national car dispute
General Motors stands firm on national car dispute By John Aglionby UNITED STATES automotive giant General Motors looks set to keep all new models out of Indonesia until the dispute over the country's national car policy is resolved. William Botwick, the president director of the company's Indonesian arm, PT General Motors Buana Indonesia (GMBI), this week gave the clearest sign yet that there would be no premature end to the "temporary" freeze on investment.
Sat, 30 Aug 1997, 00:00 WIB
World top car racers join in Rally of Indonesia '97
World top car racers join in Rally of Indonesia '97 JAKARTA (JP): Some of the world's top rally racers have confirmed their participation in the Rally of Indonesia '97, scheduled to be held in Medan, North Sumatra, from Sept. 9. The rally will start at Merdeka Square and participants will race routes around a number of plantations in North Sumatra. Committee organizer official Helmy Sungkar said on Thursday that so far, 12 foreign racers have registered their names to take part in the rally.
Sat, 30 Aug 1997, 00:00 WIB
Legislators urged to be more critical
Legislators urged to be more critical JAKARTA (JP): House Speaker Wahono called on members of the House of Representatives yesterday to pump up their courage and dare to criticize government policies. Wahono said in his speech which marked the 52nd anniversary of the House, which is often criticized for meekness, that criticism could at least serve as proof that legislators exercised their constitutional duties as representatives of the people.
Sat, 30 Aug 1997, 00:00 WIB
Govt grants tax holidays to six firms
Govt grants tax holidays to six firms JAKARTA (JP): The government will grant tax holidays to six out of 19 companies which applied for the facility, State Minister of Investment Sanyoto Sastrowardoyo said here yesterday.
Sat, 30 Aug 1997, 00:00 WIB
See the century's full lunar eclipse Sept. 17
See the century's full lunar eclipse Sept. 17 JAKARTA (JP): Circle Sept. 17 on your calendar and set your alarm clocks for midnight because astronomers say that will be when the last full lunar eclipse of this century occurs. "The earth will come between the sun and the moon at 1:16 a.m. and the eclipse will last until 2:19 a.m.," astronomer Moedji Raharto told Antara in Bandung. The process of the eclipse itself will begin at 12:09 a.m.
Sat, 30 Aug 1997, 00:00 WIB
Timikans hang high hopes for rights body
Timikans hang high hopes for rights body JAKARTA (JP): Residents of Timika in Irian Jaya urged the National Commission on Human Rights to come and probe the unrest that hit the town recently, a call which was promptly answered by the rights body. A local church source said tension had dissipated but the involved tribes were still hopeful that the feeling of security could be restored with the commission's visit.
Sat, 30 Aug 1997, 00:00 WIB
Excellent hospital service
Excellent hospital service I am a fairly regular reader of your paper and have noted that your correspondence column usually consists of a series of complaints. As an elderly (67 years), recent expatriate who especially loves the people of this wonderful country, I would like to recount my recent experience to redress the balance. I teach English at the Stella Gratia, a small Indonesian school in Jelambar, West Jakarta, and live nearby with an ordinary Indonesian family. On Aug.
Sat, 30 Aug 1997, 00:00 WIB
President Soeharto to get UNDP award
President Soeharto to get UNDP award JAKARTA (JP): President Soeharto will receive an award from the United Nations Development Program (UNDP) for his outstanding commitment to alleviating poverty in Indonesia, Foreign Minister Ali Alatas said yesterday. UNDP administrator James Gustave Speth will present the award in a brief ceremony at Merdeka Palace on Sept. 8.
Sat, 30 Aug 1997, 00:00 WIB
Ulemas will study from Turks
Ulemas will study from Turks SEMARANG: Seven ulemas and some officials from the Central Java provincial administration will fly next month to Turkey to study the development of Islam there, according to a member of the Indonesian Ulemas Council (MUI). The delegation would study the struggle of ulemas and scholars to bring back the spirit of Islam to the secularized country, said secretary of the provincial office of MUI, Chabib Thoha.
Sat, 30 Aug 1997, 00:00 WIB
Digital phones in West Jakarta
Digital phones in West Jakarta JAKARTA (JP): The West Jakarta office of state-owned telecommunications company PT Telkom is to start operating an automatic digital telephone exchange on Jl. Gatot Subroto tomorrow, an official said yesterday. Kiskenda Suriahardja, the office manager, said that the new system, with a capacity of 5,000 lines, was to replace the old analog system. He said that the digital system would cover customers whose numbers started with the numbers 525.
Sat, 30 Aug 1997, 00:00 WIB
Polysindo's profit up
Polysindo's profit up JAKARTA (JP): Publicly listed PT Polysindo Eka Perkasa posted a 59 percent increase in net profit to Rp 123.4 billion (US$46.56 million) in the first semester this year from Rp 77.3 billion in the same period last year. The company said yesterday it recorded a 58 percent increase in net sales to Rp 1.03 trillion in the January to June period this year from Rp 654.1 billion in the corresponding period last year.
Sat, 30 Aug 1997, 00:00 WIB
Official parking fees may be raised by 30%
Official parking fees may be raised by 30% JAKARTA (JP): The administration is drafting a proposal to hike parking fees by around 30 percent to between Rp 500 (17 US cents) and Rp 1,000 per vehicle per hour. The official tariff is Rp 300. Parking fees at commercial buildings should also be based on the proposed draft, the head of the city parking agency, Sumaryono, said yesterday.
Sat, 30 Aug 1997, 00:00 WIB
Robin Cook tackles human rights
Robin Cook tackles human rights British Foreign Secretary Robin Cook arrived in Jakarta yesterday on his four-nation Southeast Asian tour, taking the first vital step toward dealing honorably with the British colonies which still span the globe. It was difficult for Britain to deal with this vexed human rights question while it was still the sovereign power in Hong Kong, our Asia correspondent Harvey Stockwin reports.
Sat, 30 Aug 1997, 00:00 WIB
New Jakarta Ensemble crosses cultures
New Jakarta Ensemble crosses cultures By Emilie Sueur JAKARTA (JP): Tony Prabowo seems to bristle when utterances of "new music" are used to describe his music. But there was no conventional categorization for his compositions performed Tuesday by the New Jakarta Ensemble at the Taman Ismail Marzuki (TIM) for the Pasar Tontonan Jakarta 1997. All six pieces did not fall under the strict definitions of either Western or traditional music.
Sat, 30 Aug 1997, 00:00 WIB
Ringgit, rupiah and baht crash amid capital flight
Ringgit, rupiah and baht crash amid capital flight SINGAPORE (AFP): The Malaysian ringgit, the Thai baht and the Indonesian rupiah dived into uncharted depths yesterday while the usually-robust Singapore dollar fell to a 38-month low amid a capital flight from Southeast Asia, dealers said. Much of the capital is being diverted to financial instruments denominated in the U.S. dollar on the back of a strong U.S. economy, fund managers said.
Sat, 30 Aug 1997, 00:00 WIB
Singapore's Lee to be waxed
Singapore's Lee to be waxed SINGAPORE (DPA): A life-size wax likeness of Singapore's Senior Minister Lee Kuan Yew is set to be displayed in Madame Tussaud's famous wax museum in London, reports said yesterday. The iron-willed leader's wax effigy will be joining those of other celebrities, including U.S. President Bill Clinton, the Dalai lama and U.S. actress Cher, the Straits Times newspaper said.
Sat, 30 Aug 1997, 00:00 WIB
Nearly blind Tubi sells 'cincau' drink to survive
Nearly blind Tubi sells 'cincau' drink to survive By Listiana Operananta JAKARTA (JP): Despite ever-stiffening competition from the mushrooming number of modern, branded, canned and bottled drinks, Tubi, a nearly blind man, continues his own minuscule traditional business selling cincau. Tubi has sold cincau, a combination of plant-based jelly, water, sugar, coconut milk and ice, for the last 30 years in the parking lot of the Central Jakarta District Court.
Sat, 30 Aug 1997, 00:00 WIB
Cook expresses concern over rights situation in E. Timor
Cook expresses concern over rights situation in E. Timor JAKARTA (JP): Visiting British Foreign Secretary Robin Cook expressed concern yesterday over the current human rights situation in East Timor and indicated the possible cancellation of some arms sales from his country to Indonesia over the issue.
Sat, 30 Aug 1997, 00:00 WIB
Public seen not ready for debate on presidential term
Public seen not ready for debate on presidential term JAKARTA (JP): The discussion on whether Indonesia needs to limit the presidential term continued yesterday with political analysts airing conflicting views. Former cabinet minister Rudini, Moslem scholar Amien Rais and political observer Fadjar Ismail separately said the discourse should be delayed until incumbent President Soeharto was no longer in power.
Sat, 30 Aug 1997, 00:00 WIB
Kopaja bus drivers complain at council
Kopaja bus drivers complain at council JAKARTA (JP): All the Kopaja minibus drivers and their conductors plying the Lebak Bulus-Kota route went to the City Council yesterday demanding the banning of Steady Safe's regular buses that overlap their route. The 100 drivers and conductors, who went to the council in 50 minibuses, said the Steady Safe buses, which began operating on the route Thursday, overlapped along 21 kilometers of the 30- kilometer route.
Sat, 30 Aug 1997, 00:00 WIB
Hyundai wins RI's order
Hyundai wins RI's order SEOUL (Reuter): South Korea's Hyundai Corp said yesterday it won an $85 million order to build four oil tankers for four Indonesian firms, including Silverstone Development Inc. A Hyundai statement said the tankers, including two 35,000 deadweight-ton (DWT) vessels, would be built by Hyundai Mipo Dockyard and Halla Heavy Industries Co. The vessels would be chartered for 10 years by Pertamina, Indonesia's state-run oil company, the statement said.
Sat, 30 Aug 1997, 00:00 WIB
Uniform shoes not linked to GN-OTA
Uniform shoes not linked to GN-OTA From Republika Reports in the media on the standardizing of shoes for students from elementary up to high school, referred to as "GN- OTA shoes", have prompted us to respond and explain the link with the GN-OTA institute. GN-OTA, the national foster parents movement, supports the government program of nine-years compulsory education, as a way of helping children who have not had elementary education because their parents lack the necessary funds.
Sat, 30 Aug 1997, 00:00 WIB
RP govt, rebels unite to expedite peace
RP govt, rebels unite to expedite peace By Oliver Teves CAMP PAULINO SANTOS, Philippines (AP): For 25 years, Mimonte Dadungan and his fellow Moslem rebels dreamed of overrunning the government's military camp here in the forests of Mindanao. For months in 1974, the 46-year-old member of Moro National Liberation Front, the largest of the Moslem rebel groups, battled soldiers guarding the camp before his commanders decided it was too well-defended and backed off.
Sat, 30 Aug 1997, 00:00 WIB
A shopping paradise?
A shopping paradise? With the rupiah still unstable, this may not seem like the most appropriate time to talk about turning Jakarta into a shopping paradise to rival Singapore, London, Hong Kong and other long-famed shopper destinations in the world. Yet, this is exactly what Jakarta's administrators and private developers seem to have in mind.
Sat, 30 Aug 1997, 00:00 WIB
El Nino may force Manila and Jakarta to import rice
El Nino may force Manila and Jakarta to import rice MANILA (Reuter): The El Nino drought sweeping through the Philippines and Indonesia may force both countries to import rice at a time when they are gearing up for presidential polls in 1998, dealers and analysts said on Friday. The grain is the staple food of the 200 million people in Indonesia and the 70 million Filipinos.
Sat, 30 Aug 1997, 00:00 WIB
Indonesians discouraged from speaking English in public
Indonesians discouraged from speaking English in public JAKARTA (JP): An English language expert lamented recently that the use of English was often shunned by the public who consider local English speakers arrogant. "They will be called arrogant and this discourages English usage around us," said Gloria C. Kismadi of the Language Development Institute. While English usage was increasing, many still avoided its use in public.
Sat, 30 Aug 1997, 00:00 WIB
ABC to recommend eight shuttlers for SEA Games
ABC to recommend eight shuttlers for SEA Games JAKARTA (JP): The Asian Badminton Confederation (ABC) finally gave its recommendation to the Badminton Association of Indonesia to name eight shuttlers for the 19th SEA Games, which are to be held here in October. The association's secretary-general, RAJ Gosal, said on Thursday that the confederation, in its letter signed by the chairman, Punch Gunalan, agreed with the association's demand.
Sat, 30 Aug 1997, 00:00 WIB
Satellite operator suffers US$3m loss
Satellite operator suffers US$3m loss JAKARTA (JP): Private satellite operator PT Pasifik Satelit Nusantara (PSN) suffered a US$3.04 million net loss in the first half of this year, up from $98,638 in the same period last year. The company announced yesterday that its total revenue almost doubled to $7.84 million in the first half this year from $3.84 million in the January-June period of 1996.
Sat, 30 Aug 1997, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Painting Exhibition: Nuansa Decoratif by Sutopo, Djoko Maruto, Petrus Pranagung at Mon Decor Gallery, Jl. Gunung Sahari Raya No.1 Blok B 13-14, Central Jakarta, 9 a.m. to 8 p.m., until Sept. 14. * Painting Exhibition: Flower, Fauna, and Yearning by Lanny Andriany, at the Lobby Gallery, Holiday Inn Crowne Plaza, Jl. Gatot Subroto Kav. 2-3, South Jakarta, 9 a.m. to 8 p.m., until Sept. 3.
Sat, 30 Aug 1997, 00:00 WIB
Islamic organizations play major role on political stage
Islamic organizations play major role on political stage YOGYAKARTA (JP): Indonesia's oldest and biggest student organization, the Association of Islamic Students (HMI), recently concluded its congress fending off criticism about its apparent cozying up to the power holders. The following public debate about whether HMI (established in 1947) should be more independent provoked another question: Where exactly is the place of Islamic youth organizations on today's Indonesian political map?
Sat, 30 Aug 1997, 00:00 WIB
Goh says 'you can't fight market'
Goh says 'you can't fight market' TOKYO (Reuter): Singapore Prime Minister Goh Chok Tong said yesterday that despite recent turmoil, economic fundamentals in Asia, including Thailand, were sound. Goh did not point a finger at currency speculators for the turmoil and warned the region's central bankers they would be fighting a losing battle if they tried to counter market attacks on overvalued currencies.
Sat, 30 Aug 1997, 00:00 WIB
Ricky Putra gets US$30m syndicated loan
Ricky Putra gets US$30m syndicated loan JAKARTA (JP): Garment producer PT Ricky Putra Globalindo of the Ricky Group signed yesterday a US$30 million syndicated loan facility to refinance existing debts and strengthen its distribution division. The company's president, Ricky Gunawan, said yesterday he was confident the loan would not burden the company despite the rupiah's continued decline against the U.S. dollar, because of the company's significant earning from exports.