Indonesian Political, Business & Finance News

Archive: 19 September 1997

59 articles found

A serious problem

A serious problem President Soeharto's apology to neighboring countries which are suffering from the smoke from forest fires in Kalimantan and Sumatra was truly moving. It was an apology that came from the heart, that, at the same time, provided an indication of the difficulties which Indonesia...

Development projects rescheduled

Development projects rescheduled JAKARTA (JP): The city will reschedule some of its projects following the government's decision to cut budget spending in the wake of the currency and stock market crisis, Governor Surjadi Soedirdja said.

Howard to visit Indonesia

Howard to visit Indonesia SYDNEY Australia (AFP): Australian Prime Minister John Howard has announced that he will visit Indonesia for talks with President Soeharto next month, his second trip to Indonesia in little more than a year.Howard will make a stopover in Jakarta on Oct.

'Transformator' is encounter of dance and spirituality

'Transformator' is encounter of dance and spiritualityBy Emilie Sueur JAKARTA (JP): Spirituality was in the air on the stage of the Gedung Kesenian Jakarta on Friday thanks to the dancers of the Cilay Dance Theater.The troupe was created by Muhamad Ichlas, popularly known as Cilay.

Police seize porn video CDs

Police seize porn video CDs BALIKPAPAN, East Kalimantan: Police have seized 4,072 pornographic video compact discs in a series of raids on video rental shops throughout the province this week.The province's chief of detective directorate, Col.

Perniagaan raises capital

Perniagaan raises capital JAKARTA (JP): A new owner of Bank Perniagaan has increased the bank's paid-in capital to Rp 266.9 billion (US$90.47 million) from Rp 66.9 billion.The bank said yesterday that Nirwan Dermawan Bakrie, the bank's new investor, injected Rp 200 billion in fresh funds earlier...

Medan community greets world rally c'ship

Medan community greets world rally c'ship MEDAN (JP): Locals welcomed the world rally championships which will start here in this North Sumatra city today."The community are enthusiastic and proud that Medan will hold a rally of world caliber.

RI-Venezuela trade rises

RI-Venezuela trade rises CARACAS (AFP): Trade between Indonesia and Venezuela grew fourfold in the past five years, Jakarta's top diplomat, Ali Alatas, said Wednesday, adding that there was potential for more growth.

Rupiah stable but stock prices slide

Rupiah stable but stock prices slide JAKARTA (JP): The rupiah was stable yesterday against the U.S. dollar, but stock prices weakened in a thin market, dealers and brokers said.Currency dealers said trading remained slow and thin throughout the day, with the rupiah gaining some strength from a...

The Listening Post

The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * Developing an original style in English composition will make you a more effective writer.

Asia currency turmoil slows oil demand growth

Asia currency turmoil slows oil demand growth SINGAPORE (Reuter): The impact of the currency devaluation in Asia will hold back oil demand growth slightly, the East-West Center said in a report yesterday.

Accor Asia Pacific

Accor Asia Pacific I am writing to you to correct some information that was printed in The Jakarta Post edition of Wednesday, Sept. 10, 1997 on page 10. It seems that this article is a misrepresentation of the situation in our company and that there is a huge difference in figures.

Import duties on raw materials cut

Import duties on raw materials cut JAKARTA (JP): The Ministry of Finance has cut import tariffs on 153 raw materials and intermediary products by five to 10 percentage points as a follow-up step to boost exports and revive the country's economy.

Annual seaside festival kicks off

Annual seaside festival kicks off JAKARTA (JP): Song and dance, fun and games, a beachwear fashion show and a summer frolic are all on offer at this year's Jakarta Bay fiesta.The annual festival was launched yesterday at the Ria Ancol Beach in North Jakarta and will reach its climax on Sunday.

East Timorese must work harder, Yogie says

East Timorese must work harder, Yogie says DILI, East Timor (JP): Minister of Home Affairs Moch. Yogie S.M. prompted East Timorese yesterday to unite and work together to build a better and prosperous province.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting and Ceramics Exhibition, works of Firman, Tisna Sanjaya, Agus Suwage and Suyatna, at the Lontar Gallery. Jl. Utan Kayu 68 H East Jakarta, Monday to Saturday, 10 a.m. to 5 p.m., until Sept. 30.

IMF seeks stronger mandate for capital movements

IMF seeks stronger mandate for capital movementsBy Vincent Lingga HONG KONG (JP): While many developing countries fear the great pains incurred by the financial crisis in Southeast Asia since July, the International Monetary Fund is pushing hard for a stronger mandate to promote capital movements...

Newborn found dead in street, death tally 48

Newborn found dead in street, death tally 48 JAKARTA (JP): The 1997 death toll for infanticide rose to 48 yesterday after another abandoned baby -- believed to be only a few hours old -- was found dead.The baby girl was found beside busy Jl.

Adequately funded power projects set to continue

Adequately funded power projects set to continue BOGOR (JP): State Minister of National Development Planning Ginandjar Kartasasmita indicated yesterday that power projects which had secured adequate funding would continue.

KL gets rain but haze stays

KL gets rain but haze stays KUALA LUMPUR (AFP): Air quality in Malaysia's capital improved early yesterday after a heavy downpour but still remained at an "unhealthy" level.The Air Pollution Index eased to 137 from 152 late Wednesday, after surging past the "hazardous" level of 300 earlier this...

Rice production expected to drop slightly this year

Rice production expected to drop slightly this year JAKARTA (JP): Indonesia's rice production is expected to fall this year to 50.4 million tons from 50.6 million tons in 1996 because of the prolonged dry season, Antara said quoting a senior agricultural official.

Cambodian economy fights to heal wounds

Cambodian economy fights to heal woundsBy Robert Birsel PHNOM PENH (Reuter): Cambodia's once buoyant economy has been stopped in its tracks by July's violent coup and its aftermath, economists say.A recovery is seen as unlikely until badly-bruised confidence, both at home and abroad, begins to heal.

Six minors tried for killing student

Six minors tried for killing student JAKARTA (JP): Six junior high school students were indicted at a closed-to-public trial at the Central Jakarta District Court yesterday, charged with mobbing a senior high school student to death.Prosecutor M.

Four killed in bus crash

Four killed in bus crash TANGERANG (JP): At least four people were killed and 11 others injured when a minibus collided with a private bus packed with workers on Jl. Raya Kresek, Balaraja district, yesterday.The victims, residents of Jl. Kampung Cangkudu, Balaraja village were all on the minibus.

ASEAN calls for international help in fighting haze

ASEAN calls for international help in fighting haze JAKARTA (JP): The Association of Southeast Asian Nations (ASEAN) called for international support yesterday to help fight haze which has created havoc among some of its members.

Stop burning land or have licenses revoked: Minister

Stop burning land or have licenses revoked: Minister JAKARTA (JP): Ad interim Minister of Agriculture, Soni Harsono, has warned plantation companies to stop slash-and-burn practices or have their licenses revoked.

'Gurita' remains found

'Gurita' remains found BANDA ACEH, Aceh: A team of experts from the Agency for the Assessment and Application of Technology (BPPT) have reportedly found the remains of the Gurita ferry which sunk on Jan. 19 killing 338 passengers.Spokesman for the Sabang administration, T. Mohd.

Probe into Cikunir bus crash continues

Probe into Cikunir bus crash continues JAKARTA (JP): The police investigation into Sunday's Cakung- Cikunir toll road crash, which claimed the lives of 35 people, is continuing and no suspects have been named.City Police spokesman Lt. Col. E.

Pauwels Trafo Asia to make transformers

Pauwels Trafo Asia to make transformers BOGOR (JP): Power transformer manufacturer Pauwels Trafo Asia plans to produce high-voltage 500 kilovolt (kV) power transformers to benefit from the growing electricity market in Indonesia and other Southeast Asian countries.

House endorses broadcasting bill

House endorses broadcasting bill JAKARTA (JP): The House of Representatives endorsed the government-sponsored broadcasting bill yesterday, the second time in less than 12 months, after the first one was rejected by President Soeharto.

Computerization speeds up haj pilgrimage registration

Computerization speeds up haj pilgrimage registration JAKARTA (JP): The registration for next year's haj pilgrimage has been a success thanks to the use of computers, the Ministry of Religious Affairs said yesterday.

Customs and excise office delays EDI system for imports

Customs and excise office delays EDI system for imports JAKARTA (JP): The Directorate General of Customs and Excise will again postpone full implementation of the customs electronic data interchange (EDI) system for imports until the end of this year due to the lack of a backup server.

EAEC: Still a valid prospect?

EAEC: Still a valid prospect?By Paridah Abd. Samad KUALA LUMPUR (JP): Surprisingly, or perhaps not surprisingly, ASEAN is still championing the EAEC (East Asia Economic Caucus) cause. ASEAN foreign ministers at the end of their annual meeting in Subang Jaya, Malaysia on July 25, 1997 expressed...

Riau haze blamed for respiratory problems

Riau haze blamed for respiratory problems JAKARTA (JP): More than 10,000 Riau residents have suffered respiratory problems due to the thick smoke enveloping the province since August, a health ministry official said yesterday.

Two killed when ship explodes

Two killed when ship explodes SAMARINDA, East Kalimantan: Two sailors were killed and another went missing when their tanker ship exploded in Tanjungredeb on Wednesday, Antara reported.Police said the tanker, Terang Dunia Agung, exploded shortly after unloading 150 tons of gasoline at a quay in...

Malaria prevalent in many villages

Malaria prevalent in many villages JAKARTA (JP): Malaria incidents have been declining in Indonesia and are now confined mostly to villages, health officials said yesterday."Currently, malaria is still found in 32 regencies in Java and Bali, and in 118 regencies on the outer islands," the director...

Rain threat hangs over drivers in Medan championship rally

Rain threat hangs over drivers in Medan championship rallyBy Robert L. Soelistyo MEDAN (JP): Rain is wanted in drought stricken areas, but it is not wanted here by most of the drivers starting the World Gudang Garam Rally Championship this morning.

Indonesia hopes to win Volvo World Cup

Indonesia hopes to win Volvo World Cup JAKARTA (JP): Indonesia expects to win the third and fourth Southeast Asian league series of the 1997 Volvo World Cup Showjumping on the next two Sundays respectively at the Arthayasa Stables in Sawangan, Bogor.

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Novotel Surabaya Hotel & Suites, Jl. Ngagel 173-175: - Dahana Lounge Bar: Happy Hour at 5:30 p.m. to 7:30 p.m., Los Javados Acoustic music. - Puri Pool Bar: Happy Hour at 5:30 p.m. to 7:30 p.m.

Satellite business in Asia-Pacific booming

Satellite business in Asia-Pacific boomingBy I. Christianto PALO ALTO, California (JP): The Asia Pacific region will remain the major market for the world's satellite manufacturers in the coming years.Demand for satellites continues to grow in the region and dozens of them will be ready for orbit...

Asmat crafts go commercial?

Asmat crafts go commercial? Thank you to The Jakarta Post editor for publishing my article titled 'Journey into the spirit of the times of the Asmat' on Sept. 11, 1997. This was written as a comment to the article titled Asmat now crafts totem poles for money published Sept. 4, 1997.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 18, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,025 -25 90,000 AHAP Insurance 2,500 0 0 Alter Abadi 800 0 0 Alumindo Light Metal 775 -25 42,500...

Monetary crisis still haunts Malaysian shares

Monetary crisis still haunts Malaysian shares KUALA LUMPUR (AFP): Asia-Pacific share prices ended mixed yesterday as currency turmoil continued to dog Southeast Asian markets and dampen sentiment elsewhere.

Widow dies in Dili fire

Widow dies in Dili fire DILI, East Timor: A 50-year-old widow had to pay the ultimate price for forgetting to turn off her stove as she died in a fire in her house."She forgot to turn off her stove before going to sleep.

ASEM starts to discuss financial crisis

ASEM starts to discuss financial crisis BANGKOK (AFP): Asian and European finance ministers assembled here yesterday to seek ways of dousing Southeast Asia's raging financial crisis and lay the ground for cooperation into the 21st century.

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 Children's Film: Kelly 3:10 Children's Dances: Aneka Tari Daerah 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Documentary Film: Home Green Home 5:30 Creative Program: Karya Tepat Guna 6:00...

S'pore firm seeks to buy Natuna gas

S'pore firm seeks to buy Natuna gas JAKARTA (JP): A Singapore consortium led by Sembawang Corp. will continue its quest to buy natural gas from the Natuna island, despite the Indonesian government's cutbacks on big infrastructure and development projects.

Our National Police to be integrated?

Our National Police to be integrated?From Pikiran RakyatMany people find it strange to hear the Indonesian Police Force mentioned as part of the Indonesian Armed Forces. To Bambang Widjojanto of the Indonesian Legal Aid Institute Foundation (YLBHI) the bill on the Police Force strongly suggests...

Dow Chemical to boost its investment in Asia

Dow Chemical to boost its investment in Asia NEW YORK (Reuter): Dow Chemical Co is on track to invest $200- $300 million in Asia during the rest of the decade and boost its sales in the region to 20 percent of the company's total from 10 percent in 1995.

Power projects which have signed power purchase agreements

Power projects which have signed power purchase agreements Projects Location Capacity Investment Operation MW US$million ---------------------------------------------------------------- 1. Paiton I E. Java 1,230 2,430 1998/99 2. Tj. Jati B C. Java 1,320 1,770 1998 3. Paiton 2 E.

Buyung and his lawyers walk out of courtroom

Buyung and his lawyers walk out of courtroom JAKARTA (JP): Rachmad Buchori, accused of defaming the President, and his lawyers walked out of court yesterday after prosecutors refused to summon President Soeharto as ordered by the judge.Rachmad alias Buyung R.B.

Where to go in Bali:

Where to go in Bali:Music and Entertainment * Nikko Bali Hotel: - Kupu-kupu Amphitheater, Balinese dance performances at 9 p.m. to 10 p.m., Legong Dance, on Tuesday, Joged Bumbung, on Thursday, Ramayana, on Saturday. - Oo Looloos Santap Restaurant presents live music daily except Monday at 9 p.m.

Thailand urges joint front against money speculators

Thailand urges joint front against money speculators BANGKOK (AFP): Beleaguered Thailand urged Southeast Asian neighbors yesterday to close ranks against currency speculators at next week's global monetary talks as turmoil assails regional financial markets.

Business yet to resume in Ujungpandang

Business yet to resume in Ujungpandang UJUNGPANDANG, South Sulawesi (JP): After being hit by three days of riots, the city remained peaceful here yesterday as officials urged residents to remain calm and resume their daily activities.

Film festival shows women in face of change

Film festival shows women in face of changeBy Yenni Kwok JAKARTA (JP): In an age where women are taking more active and creative roles in the film industry, certain questions arise.What is a woman's film? Is it simply a film about women? Or, is it a film made by women?The 1997 Jakarta International...

SSL to sell 128 million shares to public

SSL to sell 128 million shares to public JAKARTA (JP): Shipping company Samudera Shipping Line Ltd (SSL) plans to offer 128 million shares to the public before its listing on the Stock Exchange of Singapore Dealing and Automated Quotation System (SESDAQ).The company said the shares, about 30.

Soeharto condemns reckless drivers

Soeharto condemns reckless drivers JAKARTA (JP): Reckless drivers caught the attention of President Soeharto yesterday who condemned them and said such behavior could no longer be tolerated.He said the irresponsible behavior of some drivers had cost many innocent lives.

Village chief busted for cheating

Village chief busted for cheating JAKARTA (JP): A village chief in Pamulang, West Java, has been arrested by South Jakarta police for allegedly cheating pop singer Iis Dahlia.The Duren Mekar village chief, identified as TB Asep Saefudin, was shot in the right leg after resisting arrest and...

Stop issuing new bus route permits: Organda

Stop issuing new bus route permits: Organda JAKARTA (JP): The Organization of Land Transportation Owners' (Organda) city branch yesterday urged the municipality to stop issuing new routes for buses until a feasibility survey has been completed.