Archive: 9 August 1997
60 articles found
Sat, 09 Aug 1997, 00:00 WIB
No foreign films dubbed by October
No foreign films dubbed by October JAKARTA (JP): Minister of Information R. Hartono has ordered all television stations in the country to stop airing foreign programs that are dubbed into the Indonesian language by October. All foreign TV programs instead should be dubbed into English, Hartono said yesterday as reported by Antara.
Sat, 09 Aug 1997, 00:00 WIB
Quest for education with international standards
Quest for education with international standards By Mochtar Buchori JAKARTA (JP): During a number of seminars on education I attended recently, one question kept cropping up: Can we achieve education with international standards through our present national curricular? Whether the discussion was about preschool, primary and secondary levels or higher education, this particular question continued to emerge.
Sat, 09 Aug 1997, 00:00 WIB
Candidates short-listed
Candidates short-listed PADANG, West Sumatra: The number of governor candidates has dwindled from around 20 to six, Antara reported. The remaining governor-hopefuls include deputy governor Muchlis Ibrahim and West Sumatra Legislative Council chairman Noer Bahri Said Pamuncak, both of whom have military backgrounds.
Sat, 09 Aug 1997, 00:00 WIB
Zubairi against discrimination of HIV carriers
Zubairi against discrimination of HIV carriers By Renata Arianingtyas JAKARTA (JP): AIDS campaigner Zubairi Djoerban has many concerns, including some people's tendency to discriminate those who have Human Immunodeficiency Virus (HIV) or the Acquired Immune Deficiency Syndrome (AIDS). "Even people with a good knowledge about HIV/AIDS do so. They can't help treating people with AIDS differently," he told The Jakarta Post recently.
Sat, 09 Aug 1997, 00:00 WIB
Comings and goings
Comings and goings From Pikiran Rakyat An essential element in human rights is freedom of an individual to travel wherever he or she wishes. So in this republic one would be free to travel from Sabang to Merauke, from Pacitan to Manado. The only self-identification needed should be a residential identification card (KTP). Requirement of a travel document to enter Jakarta, the nation's capital, would be a real setback. After all, travel documents are only necessary in a state of war.
Sat, 09 Aug 1997, 00:00 WIB
Portugal, RI agree to hold more talks
Portugal, RI agree to hold more talks UNITED NATIONS (Agencies): Ambassadorial-level talks between Indonesia and Portugal on the question of East Timor ended on Thursday with an agreement to meet again in a few weeks. However, no date was set for the next session. "The delegations of the two governments will return to their capitals and have agreed to resume the talks at a later date," said Jamseed Marker, special representative for United Nations Secretary-General Kofi Annan.
Sat, 09 Aug 1997, 00:00 WIB
Two forces work in favor of China
Two forces work in favor of China By Lie Tek Tjeng JAKARTA (JP): How should we interpret the historic handover of Hong Kong? After 156 years under British colonial rule, Hong Kong was returned to China on midnight June 30 based on a joint declaration signed on Dec. 19, 1984 by the then British Prime Minister Margaret Thatcher and her Chinese counterpart Zhao Ziyang.
Sat, 09 Aug 1997, 00:00 WIB
Singaporean tried for Ecstasy
Singaporean tried for Ecstasy JAKARTA (JP): A Singaporean was indicted at the Central Jakarta District Court yesterday, charged with keeping and possessing 1,900 Ecstasy pills. Prosecutor Zen Idris said the 38-year-old Low Gin Ang alias Jimmy or Jack, was arrested by police on April 16 at a hotel in Mangga Dua area with the pills.
Sat, 09 Aug 1997, 00:00 WIB
Rain fails to clear haze
Rain fails to clear haze PEKANBARU, Riau: Most of Pekanbaru was still covered by haze yesterday, despite a two-and-a-half hour downpour on Thursday night, Antara reported. Visibility, however, slowly improved yesterday, from 600 meters at around 7 a.m. to between 1,500 and 2,000 meters by 9 a.m., the news agency quoted the local meteorology office as saying.
Sat, 09 Aug 1997, 00:00 WIB
ALatieF gets $60m loan
ALatieF gets $60m loan HONG KONG (Reuter): PT ALatieF P&O Port Development Co (APPDC) has completed a US$60 million term loan facility with six financial institutions, arranger HSBC Investment Bank's Singapore branch said yesterday. The borrower APPDC is a joint venture company between P&O Australia, which is wholly owned by the Peninsular & Oriental Steam Navigation Co and PT ALatieF Nusakarya Corp.
Sat, 09 Aug 1997, 00:00 WIB
Singapore's economy posts strong 7.8 percent growth
Singapore's economy posts strong 7.8 percent growth SINGAPORE (AFP): Singapore's economy expanded strongly by 7.8 percent year-on-year in the second quarter of 1997 amid a recovery in the manufacturing sector, Prime Minister Goh Chok Tong said yesterday. "Manufacturing is recovering from the slowdown. All other sectors did well," Goh said in a message to mark Singapore's 32 years of independence on Saturday.
Sat, 09 Aug 1997, 00:00 WIB
Growth of satellite cities blamed for traffic woes
Growth of satellite cities blamed for traffic woes JAKARTA (JP): The rapid growth of Greater Jakarta's satellite cities has exacerbated the capital's already-chaotic traffic problems, Governor Surjadi Soedirdja said yesterday. "Many people who live in the satellite cities but are still working in Jakarta have to commute to their offices every day," Surjadi said at the inauguration of five flyovers and an underpass. The new flyovers are located on Jl. K.S. Tubun, Jl. Cideng, Jl. Karet and Jl.
Sat, 09 Aug 1997, 00:00 WIB
S'pore, Cambodia, Vietnam hail ASEAN achievement
S'pore, Cambodia, Vietnam hail ASEAN achievement KUALA LUMPUR (Agencies): Singapore owes its economic prosperity to the peace and stability that the Association of Southeast Asian Nations (ASEAN) brought to the region, Singapore's Prime Minister Goh Chok Tong said in an interview released here yesterday. But he also said ASEAN is sometimes slow to act because its consensus policy requires moving at the pace of the slowest member.
Sat, 09 Aug 1997, 00:00 WIB
Palm oil firm in Europe on Indonesian buying talk
Palm oil firm in Europe on Indonesian buying talk LONDON (Reuter): Talk that Indonesia was buying palm olein from Malaysia firmed palm oil prices on the European vegetable oil market yesterday morning. "Palm oil is very hot this morning because of the Indonesia buying," said one trader. Traders said that a Singapore based house had been active and they were believed to be buying for Indonesia. "These people are well known for buying on behalf of Indonesia," said another trader.
Sat, 09 Aug 1997, 00:00 WIB
Soerjadi's PDI ponders reconciliation
Soerjadi's PDI ponders reconciliation JAKARTA (JP): Smarting from its general election defeat, the Soerjadi-led Indonesian Democratic Party (PDI) has offered a reconciliation with PDI rival faction led by Megawati Soekarnoputri. PDI secretary-general Buttu Hutapea said a national dialog with Megawati, as well as other party potentials, could help the party reach some compromises before next year's party congress.
Sat, 09 Aug 1997, 00:00 WIB
Construction of access roads to toll ways to be restricted
Construction of access roads to toll ways to be restricted JAKARTA (JP): The government is reluctant to approve the construction of access roads from housing estates and industrial zones to toll roads, a Ministry of Public Works official said yesterday. "It's not that easy to build roads joining up with the existing highways," Soeharsono Martakim, the director general of highways, said.
Sat, 09 Aug 1997, 00:00 WIB
Frightful school days
Frightful school days Going back to school after a long break is something most students would normally look forward to, if not for the classes, at least for the reunion with friends. This is probably not the case for many students at junior and senior high schools in Jakarta nowadays. For them, going back to school means a return to fear and terror. For many parents, sending children back to schools causes anxiety.
Sat, 09 Aug 1997, 00:00 WIB
Eng San free after court overturns his verdict
Eng San free after court overturns his verdict JAKARTA (JP): Businessman Hasan, alias Eng San, walked out of the Salemba Detention Center yesterday after the Jakarta High Court overturned a guilty verdict against him in the murder of rival businessman Nyo Beng Seng. Eng San's lawyers, Soedjono and Teguh Samudera, were at the prison to greet him. Eng San was convicted at the North Jakarta District Court in June for persuading others to kill Nyo Beng Seng two years ago.
Sat, 09 Aug 1997, 00:00 WIB
Agent of illegal magazine launches book
Agent of illegal magazine launches book JAKARTA (JP): Danang Kukuh Wardoyo, an office boy jailed when he was 19-years old for distributing an unlicensed publication, has launched a memoir recounting his experience in prison.
Sat, 09 Aug 1997, 00:00 WIB
Austrade opens in Medan
Austrade opens in Medan JAKARTA (JP): Australia plans to open a regional office of its trade promotion body, Austrade, in Medan, North Sumatra, to serve the rapid increase in trade with the province. Australia's ambassador to Indonesia, John McCarthy, said in Medan yesterday that Austrade was scheduled to open in North Sumatra's capital in October.
Sat, 09 Aug 1997, 00:00 WIB
Dengue epidemic hits Jember
Dengue epidemic hits Jember JEMBER, East Java: Eleven people have been admitted to various health centers in Jember regency because of dengue fever, Antara said. Regency spokesman Chaidaroh Hasan blamed the spread of dengue on people drinking contaminated water from the river. The Karangpring village in Sukorambi district is the worst affected area. The health office sent officers to warn people not to drink untreated water from the river and also sent drinking water to affected villages. (emb)
Sat, 09 Aug 1997, 00:00 WIB
Indostar launch delayed
Indostar launch delayed JAKARTA (JP): The country's first direct broadcasting satellite (DBS) Indostar-1 of PT Datakom Asia will be launched on Oct. 15, delayed from its original schedule between Aug. 15 and Sep. 30, the company said here yesterday. The spacecraft, to be owned and operated by Datakom's subsidiary PT MediaCitra Indostar, is manufactured by CTA Incorporated of the United States.
Sat, 09 Aug 1997, 00:00 WIB
Scout's 36th anniversary next week
Scout's 36th anniversary next week JAKARTA (JP): Vice President Try Sutrisno will lead the 36th anniversary ceremony of the Indonesian Scout Movement (Pramuka) in Purworejo, Central Java, on Thursday. Pramuka chairman Himawan Sutanto said the theme of this year's anniversary is "Gearing Pramuka towards the 21st Century". There will also be a series of exhibitions on development and art performances by Pramuka members from all parts of Indonesia.
Sat, 09 Aug 1997, 00:00 WIB
Jakartans willing to endure long wait for their dream car
Jakartans willing to endure long wait for their dream car By John Aglionby WHEN approaching Jakarta's Soekarno-Hatta Airport by air, one of the few visible sights during the past year, however thick the polluted haze, has been the massed ranks of Timor cars parked beside a runway. The brouhaha surrounding the National Car, and the reluctance of people to buy it, has had one beneficial side effect for those wanting one. There is no waiting list.
Sat, 09 Aug 1997, 00:00 WIB
PT Prima Comexindo selected for jet deal
PT Prima Comexindo selected for jet deal JAKARTA (JP): The government will assign PT Prima Comexindo, a trading house owned by businessman Hashim Djojohadikusumo, to export palm oil, coffee and rubber to Russia as part of the countertrade deal for jet fighters and helicopters. The director general of international trade at the Ministry of Industry and Trade Djoko Moeljono said here yesterday the planned appointment of Prima Comexindo was based on its strong network in the Eastern Europe region.
Sat, 09 Aug 1997, 00:00 WIB
Garuda to get B737-500 jet later this month
Garuda to get B737-500 jet later this month JAKARTA (JP): National air carrier Garuda Indonesia will receive later this month one of the 17 Boeing B-737 aircraft it ordered from Boeing of the United States during the 1996 Indonesia Air Show (IAS), a company spokesman said yesterday. Arif Haryanto said that eight more B737s would be delivered later this year. "So far, as just informed by Garuda's director of operations Dharmadi on Thursday, the delivery will be on schedule," he said.
Sat, 09 Aug 1997, 00:00 WIB
Concessionaires ordered to stop burning forests
Concessionaires ordered to stop burning forests JAKARTA (JP): The government has ordered forestry concession holders to stop the practice of burning forests to clear land for timber estates or plantations, because thick smoke is now disrupting activities in towns across Sumatra and Kalimantan. Minister of Forestry Djamaludin Suryohadikusumo ordered his offices in the provinces to monitor and control the activities of concession holders in their respective regions.
Sat, 09 Aug 1997, 00:00 WIB
Review of UN rights 'counterproductive'
Review of UN rights 'counterproductive' ASEAN's suggestion for a review of the United Nations declaration on human rights, which was sparked last week by Malaysian Prime Minister Mahathir Mohamad, seems to be finding little support. Political scientist Juwono Sudarsono discusses the issue. Question: What do you think of the suggestion to review the UN declaration on human rights? Answer: I don't think it's a good idea to propose a review of the UN declaration on human rights.
Sat, 09 Aug 1997, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Painting Exhibition: by Sri Hadhy, Nyoman Darsane, Mas Dibyo and Budiman at Kafe Pinang, Hotel Kristal Jl. Tarogong Raya, Cilandak Barat, South Jakarta, open 24 hours, until Aug. 10. * Painting Exhibition: The 2nd Figuratif, at Andi's Gallery, Jl. Tanah Abang IV/14, Central Jakarta, Monday to Saturday, 10 a.m. to 7 p.m., Sunday, 10 a.m. to 5 p.m. until Aug. 10.
Sat, 09 Aug 1997, 00:00 WIB
Luminary, Westin to build hotel in Bali
Luminary, Westin to build hotel in Bali JAKARTA (JP): Investment company Luminary and United States' Westin Hotels and Resorts agreed yesterday to develop and operate a five-star hotel in an integrated resort complex in Pecatu Bay, Bali. Luminary's president Fredy Gozali said yesterday his company would buy seven hectares of Pecatu Indah Resort's land to develop Westin resort hotel at the integrated resort.
Sat, 09 Aug 1997, 00:00 WIB
Bank Bali enters Shanghai
Bank Bali enters Shanghai JAKARTA (JP): Bank Bali opened a representative office in Shanghai, China yesterday as part of its overseas expansion program. The opening of the new representative office made Bank Bali, which is listed on the Jakarta Stock Exchange (JSX), the first Indonesian bank to operate in the city. The bank said yesterday that the representative office was officially opened by chief commissioner Sukanta Tanudjaja and the Indonesian economic councilor in China, Haswandi S.
Sat, 09 Aug 1997, 00:00 WIB
TV today
TV today TVRI 2:00 a.m. News: Berita Untuk Anda 2:30 Travel: My Country 2:35 Children's Film: Road to Avonlea 3:10 Culture Program: Lingkar Budaya 3:35 Travel: Wisata Nasional 4:00 Regional News 4:30 Sports 5:25 Variety Show 5:30 TV Series: 13 Wonder 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 Culture Program: Sepekan Budaya Daerah 9:00 World News...
Sat, 09 Aug 1997, 00:00 WIB
English not spoken here
English not spoken here I am responding to Mr. Dady Wijaya's letter The importance of English (Aug. 4). Mr. Wijaya, I would join you in deploring the decision to stop teaching English were it not my unfortunate experience to have learned this may be the lesser of two evils. Two of my children have been through the educational system here. The oldest one has attended Ora et Labora and is currently at Trisakti. The younger one has been to two BPK Penabur schools and Pembangunan Jaya.
Sat, 09 Aug 1997, 00:00 WIB
Edi dismisses doubts on Sukhoi jet fighter
Edi dismisses doubts on Sukhoi jet fighter JAKARTA (JP): Minister of Defense and Security Edi Sudradjat refuted yesterday doubts cast on the quality of the Russian-made Sukhoi SU-30K jet fighter that Indonesia has decided to purchase. "Every technology has its strengths and weaknesses.
Sat, 09 Aug 1997, 00:00 WIB
Legal aid body says ASEAN neglects aims, principles
Legal aid body says ASEAN neglects aims, principles JAKARTA (JP): As ASEAN celebrated its 30th anniversary yesterday, the Indonesian Legal Aid Foundation (YLBHI) rebuked the grouping for neglecting its own aims and principles, resulting in "widespread human suffering and human rights violations".
Sat, 09 Aug 1997, 00:00 WIB
Pertamina mulls changes to its oil price formula
Pertamina mulls changes to its oil price formula SINGAPORE (Reuter): Indonesian state oil company Pertamina is again considering to adjust the official Indonesian Crude Price (ICP) formula for its crude sales, a company source said yesterday. The new formula seeks to raise the percentage of spot assessments of two publications, Platt's and RIM Intelligence Co, while reducing the portion of the Asian Petroleum Price Index (APPI) panel quotes.
Sat, 09 Aug 1997, 00:00 WIB
New subscription rate
New subscription rate To 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
Sat, 09 Aug 1997, 00:00 WIB
PDI legislators may be absent from crash course
PDI legislators may be absent from crash course JAKARTA (JP): The Indonesian Democratic Party (PDI) central board announced yesterday it will let its 11 House of Representatives members decide for themselves if they wish to participate in government-sponsored legislative crash courses. President Soeharto has assigned State Minister of Special Assignments Harmoko to coordinate the courses which are aimed at improving the quality of 500 legislators who will be installed on Oct. 1.
Sat, 09 Aug 1997, 00:00 WIB
Riot trials almost complete
Riot trials almost complete BANJARMASIN, South Kalimantan: The Banjarmasin District Court has settled 53 of 59 lawsuits relating to massive riots which rocked the town just before the general election in May. The riot left more than 123 people dead, most of them trapped in buildings that caught fire. The district court convicted 82 people in connection with the riots, either for looting, carrying sharp weapons, or resisting arrest, Zainal Baso, a spokesman for the court, said.
Sat, 09 Aug 1997, 00:00 WIB
Police warns of stern action against disruptive students
Police warns of stern action against disruptive students JAKARTA (JP): The police said yesterday they would no longer compromise with students who were caught brawling or carrying weapons. City Police Spokesman Lt. Col. E. Aritonang said officers would take stern action against students who assaulted fellow students. "Those who are found guilty will be processed in line with existing regulations. There's to be no more house detention, no more counseling programs," Aritonang said.
Sat, 09 Aug 1997, 00:00 WIB
BASF, Petronas sign deal on petrochemicals
BASF, Petronas sign deal on petrochemicals KUALA LUMPUR (Reuter): German petrochemical giant BASF AG signed a US$700 million joint venture agreement with Malaysia's state-owned Petronas oil company yesterday to build an integrated petrochemical complex in central Malaysia. The companies will own and operate an acrylic acid complex capable of producing 340,000 tons a year and a 250,000 ton per year oxo-alcohol complex, a Petronas statement said.
Sat, 09 Aug 1997, 00:00 WIB
SE Asian currencies nosedive
SE Asian currencies nosedive SINGAPORE (AFP): Malaysian's central bank intervened yesterday in currency markets to check the slide of the beleaguered ringgit, as southeast Asian currencies fell amid rumors of more economic troubles in the region, dealers said. The central Bank Negara, which on Thursday denied its governor Ahmad Don had quit, stepped in to limit the rise of the greenback at 2.6515 ringgit.
Sat, 09 Aug 1997, 00:00 WIB
Games athletes ready for overseas trials
Games athletes ready for overseas trials JAKARTA (JP): SEA Games table tennis competitors are ready to test their skills at the Malaysian Table Tennis Open tournament in Ipoh from Aug. 20 to Aug. 24, an official said Thursday. Indonesian Table Tennis Association secretary-general Johnny Waworuntu said that Indonesian athletes were competing in overseas competitions as part of their training for the 19th SEA Games here in October.
Sat, 09 Aug 1997, 00:00 WIB
Giant dragon in lantern display
Giant dragon in lantern display JAKARTA (JP): A pair of giant dragons made of 400,000 small glass bottles and weighing about five tons is the highlight of hundreds of Chinese lanterns that went on display at the Jakarta Fair Grounds last night. Nugroho Aditomo of PT Jakarta International Trade Fair Corporation said that the lanterns were originally scheduled to appear during the one-month Jakarta Fair from June 14 to July 13 but were postponed for technical reasons.
Sat, 09 Aug 1997, 00:00 WIB
Legislator denies accepting money from contractors
Legislator denies accepting money from contractors JAKARTA (JP): The House of Representatives' Commission VI for industry, mining, manpower and investment denied yesterday a newspaper report alleging House members have accepted money from mining firms to speed up the examination of their applications for concessions. "I strongly deny the Kontan business weekly's story.
Sat, 09 Aug 1997, 00:00 WIB
Workers protest over dismissal
Workers protest over dismissal JAKARTA (JP): Hundreds of workers fired from a Bogor-based steel company visited the Ministry of Manpower for the second time on Thursday to ask for help to regain their jobs. The employees of PT Hans Platindo, who were fired in July after joining protests against the company, went home empty- handed yesterday after failing to meet any ministry officials. During their first visit on Wednesday the workers also failed to meet the ministry's officials.
Sat, 09 Aug 1997, 00:00 WIB
Popular Teater Koma beats the odds by turning 20
Popular Teater Koma beats the odds by turning 20 By A. Ariobimo Nusantara JAKARTA (JP): Theater groups which mark 20 years in existence, as Teater Koma is doing this year, are a rarity in Indonesia. The odds are always stacked against their survival. Local theatergoers are few in number, actors cannot live on their performance earnings alone and it is hard to reach the break-even point, let alone make a profit, from productions.
Sat, 09 Aug 1997, 00:00 WIB
Timor says it has no plan to cut prices of its sedans
Timor says it has no plan to cut prices of its sedans JAKARTA (JP): PT Timor Distributor Nasional, distributor of the country's much disputed Timor car, said yesterday that the rupiah's sharp depreciation against the U.S. dollar and Kia Motor's financial problem would not affect its car prices. Timor Distribution's president Soemitro Soerachmad said neither the sharp appreciation of the U.S.
Sat, 09 Aug 1997, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 8, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,000 0 51,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,100 25 92,500 Alumindo Light Metal 1,225 -50 465,500 Alumindo Perkasa 750 0 0 Aneka Kimia Raya 1,350 50 35,000 Anwar Sierad 1,100 0 575,000 Apac Centertex Corp.
Sat, 09 Aug 1997, 00:00 WIB
Mandela and Nigeria
Mandela and Nigeria During the apartheid days in South Africa, Nigerians were at the forefront of the fierce fight against this evil system. Many of us were in fact ready to die for the black majority who were the real victims of apartheid. Apartheid, once strongly supported by the Western world out of economic interests, is today no more.
Sat, 09 Aug 1997, 00:00 WIB
JSX share prices continue losing ground
JSX share prices continue losing ground JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) dropped for the third consecutive day yesterday, with the composite index falling 2.5 points to close at 675.436. Securities analysts said Bank Indonesia's move to cut the interest rates of its promissory notes failed to boost market confidence. Several popular shares gained ground in the morning, pushing up the price index before the close of the first trading session, analysts said.
Sat, 09 Aug 1997, 00:00 WIB
Bazaar at Old City
Bazaar at Old City SEMARANG: The mayoralty opened a three-day bazaar at Kota Lama (Old City) yesterday, Antara reported. The event is part of commemorations to mark Indonesia's 52nd independence anniversary, bazaar organizing committee member Agnes Murni said. The bazaar has two goals: to promote local products and also to promote Kota Lama as a tourist attraction, Agnes said.
Sat, 09 Aug 1997, 00:00 WIB
Police shoot robbery suspect
Police shoot robbery suspect JAKARTA (JP): A man accused of robbing a bus passenger was shot dead at the Grogol bus terminal in West Jakarta early yesterday morning. The victim, identified as Rusliandi Siregar of Jembatan Besi, was arrested by police while he and an accomplice were attempting to get off a bus on Jl. Susilo, the head of the Tanjung Duren Subprecinct, First Lt. Bambang Heru, said. The two men had stolen a gold ring, necklace and bracelet and a wristwatch from a female passenger.
Sat, 09 Aug 1997, 00:00 WIB
Big funds involved in recent currency attack
Big funds involved in recent currency attack KUALA LUMPUR (Reuter): Malaysian Prime Minister Mahathir Mohamad blames U.S. financier George Soros for the recent chaos in Southeast Asian currencies, but analysts say many other big funds were also involved. Many of the 2,000-odd hedge funds in the United States "jumped on the bandwagon" when selling of Southeast Asian currencies started over two months ago, the analysts said. Soros has denied recent involvement.
Sat, 09 Aug 1997, 00:00 WIB
Games rowing organizers need more funding
Games rowing organizers need more funding JAKARTA (JP): Organizers of the 19th SEA Games rowing, canoeing and traditional boat race events complained yesterday that they had only received Rp 65 million (US$24,857) of their Rp 700 million budget. The organizers' secretary, Lina Harun, said at Sunter Lake, North Jakarta, that the boat event organizers had submitted a budget plan to the Organizing Committee (OC) in February.
Sat, 09 Aug 1997, 00:00 WIB
ASEAN festivities begin
ASEAN festivities begin JAKARTA (JP): Kicking-off the 30th anniversary celebrations of the Association of Southeast Asian Nations (ASEAN), President Soeharto urged members yesterday to reinforce national resilience to overcome lurking regional security problems.
Sat, 09 Aug 1997, 00:00 WIB
Air-con use jumps
Air-con use jumps BONN: You almost can't sell a car without air-conditioning in Indonesia, but until recently, the situation has been the reverse in Europe. However, Europeans are now embracing the benefits of air-conditioning. In 1990, only 12.7 percent of European cars were fitted with cool air, now however, the figure is 40 percent and it is tipped to rise to 65 percent by 2002.
Sat, 09 Aug 1997, 00:00 WIB
Taiwan's Chang charts Sabah Masters victory
Taiwan's Chang charts Sabah Masters victory KOTA KINABALU, Malaysia (JP): Taiwan's Chang Tse-peng continued his rise to the forefront of Asian golf yesterday by taking the halfway lead in the US$200,000 Sabah Masters at the Sabah Golf and Country Club. The 27-year-old from Taipei fired a three-under-par 69 to lead the tournament by one stroke from Singapore's Mardan Mamat, Australians Paul Foley and Robert Stephens, and American Fran Quinn.
Sat, 09 Aug 1997, 00:00 WIB
New Infiniti price raised
New Infiniti price raised JAKARTA: Nissan has already raised the price of its luxury car, the Infiniti I30, less than two months after it was launched. A company representative said demand for the car was still strong but because of tax and other financial reasons, the price has been raised from Rp 130 million (US$52,000) to Rp 132.5 million.
Sat, 09 Aug 1997, 00:00 WIB
Japan's rising surplus may ignite trade friction
Japan's rising surplus may ignite trade friction TOKYO (Reuter): Japan's trade surplus surged in June, showing the country's tentative economic recovery still heavily reliant on exports, which economists said was bound to worsen trade friction with the United States.