Indonesian Political, Business & Finance News

Archive: 11 September 1997

67 articles found

Anwar announces steps to cut Malaysian deficit

Anwar announces steps to cut Malaysian deficit KUALA LUMPUR (AFP): Malaysia's Finance Minister Anwar Ibrahim outlined steps yesterday to slash the country's current account deficit to four percent of gross national product (GNP) by the end of next year.

Garuda to stop Jakarta-Jeddah flight via Batam

Garuda to stop Jakarta-Jeddah flight via Batam JAKARTA (JP): National flag carrier Garuda Indonesia will discontinue its Jakarta-Batam-Jeddah-London flights in October due to the lack of passengers.The airline's general manager for Batam Iskandar Basro said yesterday there had been a poor response...

Hockey field problems delay Games turf installation

Hockey field problems delay Games turf installation JAKARTA (JP): The SEA Games hockey field turf installation has been delayed because of a communication problem between the Indonesian Hockey Association and the Games Organizing Committee.

More confusion in Ramos row

More confusion in Ramos row MANILA (Reuter): The Philippine presidential palace issued yesterday apparently conflicting statements on whether President Fidel Ramos would step down at the end of his term next June, adding confusion to a controversy that has divided the nation.

Presidential prerogative?

Presidential prerogative?From RepublikaRecent events are a cause for heightened concern. Crime, depreciation of the rupiah and the foolish requirement of uniform shoes for high school students are just a few.

Rupiah, stocks follow on regional weakness

Rupiah, stocks follow on regional weakness JAKARTA (JP): The rupiah and stock prices weakened yesterday following general weakness in the region, dealers and stock brokers said.The rupiah was moving in tandem with the region, with spot rupiah closing at 2,935/38 against the U.S.

Lunar eclipse in E. Timor

Lunar eclipse in E. Timor DILI, East Timor: Locals beat on electricity poles and created deafening noise to greet the lunar eclipse that appeared over East Timor on Tuesday.The noise, which started at 9 p.m.

Talented Aditya unravels the feminine mystique

Talented Aditya unravels the feminine mystiqueBy Yogita Tahil Ramani JAKARTA (JP): Aditya Novali's paintings could easily be mistaken for a foray by flamboyant fashion designer John Galliano into the finer fine arts.

Economic laws must be updated: Lawyer

Economic laws must be updated: Lawyer JAKARTA (JP): Noted corporate lawyer T. Mulya Lubis called on the government yesterday to update all laws related to economic activities to enable Indonesia to compete in the free market era.

Trakindo wins $175m order

Trakindo wins $175m order PEORIA, Ill.(Reuter): Caterpillar Inc said Tuesday its Indonesia dealer, P.T. Trakindo Utama, secured a mining equipment contract worth more than US$175 million with P.T. Newmont Nusa Tenggara.P.T.

Govt to study reported famine

Govt to study reported famine JAKARTA (JP): The Kutai administration in East Kalimantan promised yesterday to investigate reports that villagers were starving in Long Pahangai district after crop failure because of this year's extended dry season, Antara reported.

Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Holiday Inn, Jl. Ir. H. Juanda 33, Bandung: - Kebun Bambu Restaurant: Guitar performance, Saturday, 7:45 p.m. to 10:15 p.m. - Braga Bar and Lounge: Jazz live entertainment at 7:30 p.m. to 11:15 p.m.

Manpower bill will be passed today

Manpower bill will be passed today JAKARTA (JP): The House of Representatives is scheduled to pass the manpower bill today, claiming that the controversial document has undergone radical changes after two months of deliberation.

Riau residents wake up to a blue sky after rain

Riau residents wake up to a blue sky after rain JAKARTA (JP): People in Pekanbaru, the provincial capital of Riau, celebrated a haze-free, sunny day yesterday after overnight heavy rain.Smoke continued to hang over the town, but it did not affect morning visibility and flights at Simpang Tiga...

Student arrested for theft

Student arrested for theft JAKARTA (JP): A high school student has been arrested for his alleged involvement in the theft of an ojek (motorcycle taxi) in Ciputat, South Jakarta.City Police spokesman Lt. Col. E.

World palm oil output may rise

World palm oil output may rise HAMBURG (Reuter): Global palm oil production in 1998 may reach 17.9 million tons, 500,000 tons more than estimated for 1997, the independent newsletter Oil World said.This year would see the peak of the current four-year production cycle, which would be followed by...

Kemang area

Kemang areaFrom RepublikaSustainable development requires skillful human resources who are physically and mentally healthy. This is in line with the country's development objectives.It is deplorable that a handful of men -- consciously or not -- impede and even destroy the pillars of development.

Help, Telkomsel

Help, TelkomselFrom Suara PembaruanAbout a week ago I found could no longer use my mobile phone to make outgoing calls, although I could still receive incoming calls. Apparently, outgoing calls were being blocked by Telkomsel.

Currencies fall in tandem with stock markets

Currencies fall in tandem with stock markets SINGAPORE (AFP): Southeast Asian currencies tumbled yesterday in tandem with stock markets, triggering fears of a fresh slide as Thailand faced a new credit risk review and political uncertainty gripped the Philippines.

IPB activities halted after student clash

IPB activities halted after student clash JAKARTA (JP): The rector of Bogor Institute of Agriculture (IPB), Professor Soleh Solahuddin, temporarily stopped lessons at the campus yesterday following a clash involving hundreds of students on Tuesday.

Aneka Tambang not affected by rupiah depreciation

Aneka Tambang not affected by rupiah depreciation JAKARTA (JP): State-owned nickel and gold producer PT Aneka Tambang is not adversely affected by the rupiah depreciation because most of the company's products are destined for export, a senior official said.

SE Asian cocoa prices mixed over El-Nino concern

SE Asian cocoa prices mixed over El-Nino concern KUALA LUMPUR (Reuter): Malaysian and Indonesian cocoa prices were mixed this week and concern was growing in both countries about the recent weather extremes thought to be the effect of the El-Nino phenomenon, traders said.

City vows to go ahead with Blok P cemetery relocation

City vows to go ahead with Blok P cemetery relocation JAKARTA (JP): Despite objections from city councilors, the municipality will continue the relocation of Blok P cemetery in South Jakarta to make way for the mayoralty's new office.

When haze becomes hazier

When haze becomes hazier The Indonesian government and those of neighboring countries have been extremely worried by the serious impact of the haze coming from burning forests in Kalimantan and Sumatra. But those involved in the making of the "environmental apocalypse" apparently remain unrepentant.

Asian tigers fade, U.S. investors wise up

Asian tigers fade, U.S. investors wise upBy Nailene Chou Wiest NEW YORK (Reuter): U.S. investors have woken up to new realities in Southeast Asia, where currencies swing, stock markets slump, recession threatens and economic nationalism may be rearing its head.

Ung Hoat invited to SEA Games opening

Ung Hoat invited to SEA Games opening JAKARTA (JP): Cambodian First Prime Minister Ung Huot has been invited to attend the SEA Games opening ceremony here on Oct. 11.SEA Games organizing committee secretary Ekodjatmiko said Tuesday: "Ung is invited not in his capacity as Cambodian first prime...

World class runners take part in BHIM

World class runners take part in BHIM JAKARTA (JP): American Maurice Green heads a list of thirty world ranked runners in the Bob Hasan Invitational Meet (BHIM) at Senayan Madya stadium on Sept. 19 and Sept. 20.

Six die of diarrhea

Six die of diarrhea TENGGARONG, East Kalimantan: Six residents of Kutai regency died of diarrhea in an outbreak which started in May, Antara reported yesterday.Head of the Kutai health office Said Suharmani said the six died because they failed to receive treatment in time.

Australian mining giant declares 'force majeure'

Australian mining giant declares 'force majeure' MELBOURNE (Reuter): Australian mining giant BHP said yesterday it had declared 'force majeure' on customers of its idle Ok Tedi copper mine in Papua New Guinea because of a drought in the South Pacific nation.

Journey into the spirit of the times of the Asmat

Journey into the spirit of the times of the AsmatBy Teguh Ostenrik JAKARTA (JP): Perhaps it would be interesting to look at the problem facing Asmat art in the context of a worldwide phenomenon.May I cite the example of Montmartre, Paris, where Picasso once lived and created many of his...

Asian forex, stocks to take center stage at IMF talks

Asian forex, stocks to take center stage at IMF talks WASHINGTON (Reuter): U.S. Treasury Secretary Robert Rubin on Tuesday said Southeast Asian currency and stock markets would take center stage at the International Monetary Fund and World Bank meetings in Hong Kong later this month.

Plan replacement of medium-size buses hailed

Plan replacement of medium-size buses hailed JAKARTA (JP): The Organization of City Land Transportation Owners has welcomed the municipality's plan to replace medium- size buses -- Metromini, Kopaja and Mikrolet -- with larger vehicles.

Teravainen targets Ericsson Masters

Teravainen targets Ericsson MastersBy Bobby Allen Wilson BINTAN, Riau (JP): Peter Teravainen is tired after an exciting run, but is planning to muster enough energy to make the US$500,000 Asia Pacific Ericsson Masters here his sixth tournament in six weeks.

'Pakpahan's critical remark is neutral'

'Pakpahan's critical remark is neutral' JAKARTA (JP): An expert witness testified yesterday that comments made by labor leader Muchtar Pakpahan, being tried for subversion, should be regarded as neutral personal statements.

ASEAN holds essay, photo contest

ASEAN holds essay, photo contest JAKARTA (JP): To commemorate the 30th anniversary of the Association of Southeast Asian Nations (ASEAN), an essay, poster and photo competition is being held.All three categories are open to nationals of the nine ASEAN member states -- Brunei, Indonesia, Laos,...

Time to put house in order

Time to put house in orderBy Rob Goodfellow and M. Dwi Marianto YOGYAKARTA (JP): In a recent article, the Australian historian Gary Hughes examined a document which described in gruesome detail the unprovoked slaughter of old men, women and children by police.

President will open Mustika Sheraton Hotel

President will open Mustika Sheraton Hotel JAKARTA (JP): President Soeharto will open Sheraton Mustika Yogyakarta Hotel next week, the first hotel owned by the Mustika Ratu Group.Mooryati Soedibyo, president of PT Mustika Princess which owns the hotel, said Soeharto would be accompanied by several...

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 Children's Film: Family Matters 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Orchestra Film 5:00 Arabic Lessons 5:30 Children's Story: Hadiah 6:00 News: Lintasan Berita 6:05 Nusantara,...

Dongjin expands petrochemical plants

Dongjin expands petrochemical plants JAKARTA (JP): Petrochemical producer PT Dongjin Indonesia will invest about US$25 million to expand the production capacity of its petrochemical plants in Cilegon, West Java, the company said yesterday.

RI-U.S. relations still strong

RI-U.S. relations still strong JAKARTA (JP): Senior government officials reaffirmed that ties between the United States and Indonesia remained strong and expressed their commitment to overcome irritants which have snagged relations over the past year.Visiting U.S.

Economic growth to slow down, Ginandjar says

Economic growth to slow down, Ginandjar says JAKARTA (JP): Indonesia's economic growth would slow down this year but likely recover the next as the currency crisis was only temporary, State Minister of National Development Planning Ginandjar Kartasasmita said here yesterday.

Hanoi says exports at risk from turmoil

Hanoi says exports at risk from turmoil HANOI (Reuter): Vietnam's central bank governor has called for measures to protect domestic goods from regional competition in the wake of Southeast Asia's currency turmoil, state media reported yesterday.

More comments pour in on Juwono's statement

More comments pour in on Juwono's statement JAKARTA (JP): Government officials and observers joined yesterday a growing chorus of opposition to a recent suggestion that people with military background were better able to lead the country for at least another five years.

RI painter gets ASEAN art award

RI painter gets ASEAN art awardBy Ati Nurbaiti MANILA (JP): Yuswantoro Adi became Indonesia's first painter to win in the ASEAN Art Awards, receiving the grand prize trophy and a cash prize of US$10,000 from Philippine First Lady Amelita M. Ramos here yesterday.

Noninterference goal fades among ASEAN members

Noninterference goal fades among ASEAN members HONG KONG (Reuter): The first political victim of Asia's economic crisis will be the region's rallying cry that countries do not interfere in each other's affairs, the head of a regional think tank said yesterday.

Ford Motor to send team to help ailing Kia Motors

Ford Motor to send team to help ailing Kia Motors SEOUL (AFP): A team from the U.S. Ford Motor Co., will arrive in Seoul this week to seek ways to help ailing Kia Motors, while the government said yesterday it was seeking a formula to save the auto maker.

Police shoot dead alleged gold robber, arrest fifth suspect

Police shoot dead alleged gold robber, arrest fifth suspect JAKARTA (JP): A suspect in last month's gold robbery in Grogol, West Jakarta -- where a police sergeant was killed in a shooting spree -- has been shot dead.City Police spokesman Lt. Col. E.

Man drowns in North Jakarta

Man drowns in North Jakarta JAKARTA (JP): A man who was missing and presumed drowned, after falling into the Jakarta North Sea three days ago, was found dead yesterday, relatives said.Imam Hartono, 27, a resident of Komplek PJKA, North Jakarta, fell into the sea while scavenging among piles of iron...

IMF warned on economic vulnerability last year

IMF warned on economic vulnerability last year WASHINGTON (Agencies): The International Monetary Fund had warned the government in Jakarta as early as July, 1996 about Indonesia's vulnerability to economic crisis, a report said here.

'Big Five' nations to redraw world economic map

'Big Five' nations to redraw world economic map WASHINGTON (Reuter): The world economy will change fundamentally over the next 25 years as Indonesia, Brazil, China, India and Russia assume more central roles in the global marketplace, the World Bank said on Tuesday.

No special autonomy for East Timor: Alatas

No special autonomy for East Timor: Alatas JAKARTA (JP): Minister of Foreign Affairs Ali Alatas rejected yesterday South African President Nelson Mandela's call to award special autonomy to East Timor to end prolonged conflict over the territory.

RI's multimedia access lowest in SE Asia: ITU

RI's multimedia access lowest in SE Asia: ITUBy I Christianto GENEVA (JP): Indonesia has the lowest level of multimedia access in Southeast Asia, according to a recent report published by the International Telecommunications Union (ITU).

SE Asia volatility also taints India

SE Asia volatility also taints India NEW DELHI (Reuter): Finance Minister P. Chidambaram said yesterday the Reserve Bank of India (RBI) will not tolerate excessive volatility in the rupee's exchange rate and added that some of the turbulence in Southeast Asia's currency markets has spilled over to...

PT Freeport's fund should be rearranged

PT Freeport's fund should be rearranged JAKARTA (JP): The distribution of PT Freeport Indonesia's development fund should be rearranged so that it will not cause problems or conflict among Irian Jaya tribes that receive it, a human rights official says.

City govt to rebuild Miss Tjitjih playhouse

City govt to rebuild Miss Tjitjih playhouse JAKARTA (JP): The Miss Tjitjih playhouse, which was destroyed by fire in April, will soon be rebuilt with funds from the Jakarta administration and a community of West Javanese living here.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 10, 1997: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,000 0 87,000 AHAP Insurance 2,500 0 0 Alter Abadi 975 -25 10,500 Alumindo Light Metal 875 -50...

'Soldier' arrested in Tangerang

'Soldier' arrested in Tangerang JAKARTA (JP): A man claiming to be a soldier has been arrested for allegedly trying to steal a motorcycle from a parking lot in Sukasari district, Tangerang, police said.City Police spokesman Lt. Col. E.

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.

IPB holds conference

IPB holds conference BOGOR, West Java: An expert says genetic engineering has played an important role in accelerating development of agricultural products, international trade and the global environment.

Cathay adds Jakarta flights

Cathay adds Jakarta flights JAKARTA (JP): Hong Kong-based air carrier Cathay Pacific plans to double its flights between Hong Kong and Jakarta to twice a day, starting Oct. 26.The airline's outgoing Indonesian manager, Gregory Hughes, was quoted by Antara as saying that Cathay would fly the...

RI delays boxers' trip to Hungary

RI delays boxers' trip to Hungary JAKARTA (JP): Lack of funds has forced Indonesia to postpone its plan to send boxers to the world championships in Hungary, from Oct. 18 to Oct. 26.National boxing coach Ferry Moniaga said Tuesday: "This has been decided by the Indonesian Boxing Association.

ICI boosts Indonesian presence

ICI boosts Indonesian presenceJP/msa JAKARTA (JP): ICI Plc's move earlier this year to take over Unilever's chemical division will significantly boost the company's presence in Indonesia, a senior company executive said here yesterday.

Seminar on board cruiser

Seminar on board cruiser JAKARTA (JP): Gramedia, Grasindo and the Jakarta Consulting Group (JCG) will jointly hold a management seminar in four cities and onboard the Awani Dream cruiser.The seminar on actual management will be held at Hotel Borobudur Inter-Continental, Jakarta on Sept 17, Hotel...

Youths protest leader's death

Youths protest leader's death KUPANG, East Nusa Tenggara: Dozens of youths held a protest Monday at Kalabahi Hospital in Alor regency, accusing doctors of negligence that led to the death of a community leader, Antara reported yesterday.

High school student killed in N. Jakarta street fight

High school student killed in N. Jakarta street fight JAKARTA (JP): Another senior high school student was killed yesterday during a street fight in North Jakarta, raising the death toll from student brawls to eight in less than two months.

PT Indal ties up with Japan

PT Indal ties up with Japan SURABAYA (JP): Publicly listed PT Indal Aluminum Industry, through its subsidiary PT Indal Investindo, has set up two joint ventures with Japanese companies to manufacture car spare parts in Gresik, East Java, and Bekasi, West Java.

Little Princesses

Little Princesses Amid all the hype about Diana, I couldn't help but worry about all the little girls (mine is aged five) who live and dream in a world of princesses. Suddenly and rudely they've learned that some princesses are mortal.