Archive: 10 February 1998
49 articles found
Tue, 10 Feb 1998, 00:00 WIB
PT Tambang Timah posts Rp 170b net profit in 1997
PT Tambang Timah posts Rp 170b net profit in 1997 JAKARTA (JP): Publicly listed tin mining company PT Tambang Timah's net profit rose 10 percent to Rp 170 billion (US$18 million) last year, company president Erry R. Hardjapamekas said yesterday. "The company's balance sheet has already been audited, but we have yet to release the details," Erry said on the sidelines of a ceremony in which the company received an International Standard Organization (ISO) 14001 certification.
Tue, 10 Feb 1998, 00:00 WIB
Low-price bazaars begin today after minor hitch
Low-price bazaars begin today after minor hitch JAKARTA (JP): The city administration postponed yesterday the opening of temporary bazaars offering basic commodities at low prices to Central Jakarta residents, citing "technical problems". The bazaars are scheduled to open today. M. Yanis of the Central Jakarta mayoralty office refused to elaborate on the problems behind the postponement yesterday.
Tue, 10 Feb 1998, 00:00 WIB
Govt urged to cater to indigenous entrepreneurs
Govt urged to cater to indigenous entrepreneurs JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) has urged the government to use the economic crisis as a means to help indigenous businesspeople gain a bigger share of the economy. The chamber's chairman, Aburizal Bakrie, said yesterday the government could use the crisis as a means to distribute bigger and broader share ownerships of private businesses to indigenous Indonesians.
Tue, 10 Feb 1998, 00:00 WIB
TV today
TV today TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Children's Film: The Big Valley 3:10 Teen Program: Remaja Indonesia 3:35 Educational Program: Kuliah Universitas Terbuka 4:30 Teen Drama: Kena Batunya 5:00 English Lessons 5:30 Documentary 6:00 Nusantara, The Beloved Country 6:15 Village Program 6:45 TVRI News 7:00 Evening News 7:35 Talk Show: Wawasan 8:05 News: Lintasan Berita 9:00 World News 9:30 Sports: Arena dan Juara 10:40 Film: Martin and Lewis 11:30 Late News Program 2 4:30 p.m.
Tue, 10 Feb 1998, 00:00 WIB
Hard Rock hotel not just for music lovers
Hard Rock hotel not just for music lovers JAKARTA (JP): Ever dreamed of being a lead singer in a band and recording your own CD? Fantasy can become reality at the Hard Rock Cafe Beach Club in Bali, a hotel scheduled to open in May. It will provide a recording studio -- the Boom Box -- along with a band for the recording. The Hard Rock Cafe Bali, formerly located in Jl. Legian, will also be part of the compound in Jl. Pantai, Banjar Pande Mas in Kuta.
Tue, 10 Feb 1998, 00:00 WIB
Citra Tubindo expects strong 1998 earnings
Citra Tubindo expects strong 1998 earnings BATAM, Indonesia (Reuters): Indonesian oil and gas pipeline manufacturer PT Citra Tubindo expects to post strong results in 1998 and 1997 earnings to more than double, company president Kris Wiluan said yesterday. "We expect continued growth in 1998. Production volume is going up," he told Reuters at a ceremony to mark the export of 15,000 tonnes of steel tubes.
Tue, 10 Feb 1998, 00:00 WIB
Calls mount for fair treatment for Sofjan
Calls mount for fair treatment for Sofjan JAKARTA (JP): Public figures called yesterday for the maintenance of the principle of presumption of innocence in the questioning of business tycoon Sofjan Wanandi for his alleged involvement in the bomb blast blamed on the outlawed People's Democratic Party (PRD) last month. The chairman of Moslem organization Muhammadiyah, Amien Rais, said the security authorities should give Sofjan opportunities to defend himself.
Tue, 10 Feb 1998, 00:00 WIB
Three youths charged in stabbing incident
Three youths charged in stabbing incident JAKARTA (JP): Police have charged three youths in relation to the stabbing of a member of the Kuwaiti royal family at Hotel Mulia Senayan in South Jakarta early Saturday morning. Head of city police detectives Col. Gories Mere said yesterday that two local youths Bram, 25, and Abi, 22, were charged with the assault and a Kuwaiti named Yousef Al-Raqam, 22, was charged with assaulting a security officer.
Tue, 10 Feb 1998, 00:00 WIB
Man tried for possessing drugs
Man tried for possessing drugs JAKARTA (JP): A 24-year-old man was indicted at West Jakarta District Court yesterday for possessing 0.8 grams of heroin and 58.83 grams of dried marijuana. Prosecutor Azwar said police officers arrested the defendant, M. Sholeh, on Nov. 13 last year during an operation along Jl. Lada, Pisangan in West Jakarta. Azwar said the defendant, a resident of Jl.
Tue, 10 Feb 1998, 00:00 WIB
Govt allocates Rp 700b to subsidizes drug prices
Govt allocates Rp 700b to subsidizes drug prices JAKARTA (JP): The government has allocated Rp 700 billion (about US$70 million) to subsidize the soaring price of imported generic drugs and vital medical equipment this year, a cabinet minister said here yesterday. Minister of Health Sujudi said the subsidy was badly needed to stave of a shortage in medical supplies.
Tue, 10 Feb 1998, 00:00 WIB
Palm oil market jittery over RI plan to lift ban
Palm oil market jittery over RI plan to lift ban KUALA LUMPUR (Reuters): Asian palm oil prices are likely to be mixed this week, with the market concerned over regional currency movements and uncertain about whether Indonesia would lift its export ban, traders said. "I think prices will stay the same. The market is looking for fresh leads and is curious to know what's going to happen with the export ban policy," said an Indonesian trader.
Tue, 10 Feb 1998, 00:00 WIB
Government to announce new exchange rate steps
Government to announce new exchange rate steps JAKARTA (JP): The Indonesian government will soon announce new steps for the foreign exchange rate system to stabilize prices of priority imports and help restore order to the country's economy.
Tue, 10 Feb 1998, 00:00 WIB
Drunken seaman mobbed by security guards
Drunken seaman mobbed by security guards JAKARTA (JP): Patrons and security guards attacked a drunken Navy seaman after he tried to steal a bottle of liquor from a convenience store in West Jakarta on Sunday morning, police have said. City Police spokesman Lt. Col. E.
Tue, 10 Feb 1998, 00:00 WIB
Camdessus says Asia currencies fell too far
Camdessus says Asia currencies fell too far LONDON (Reuters): International Monetary Fund (IMF) chief Michel Camdessus said yesterday that Asian currencies had fallen too far following the financial crisis in the region. In an interview with the Financial times, Camdessus also defended the IMF against charges it had failed to see the Asian financial crisis looming and blamed Asian governments for failing to avert trouble.
Tue, 10 Feb 1998, 00:00 WIB
Bima and Ende calm as protest hits Jakarta
Bima and Ende calm as protest hits Jakarta JAKARTA (JP): Riot-hit Bima and Ende in Nusa Tenggara were calm yesterday as security authorities managed to bring the two towns under control, local officials said. In Jakarta, scores of people staged a peaceful protest at Bank Indonesia and the State Logistics Agency over the soaring prices of essential commodities. West Nusa Tenggara deputy police chief Col.
Tue, 10 Feb 1998, 00:00 WIB
Two firms blamed for forest fires
Two firms blamed for forest fires JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo accused two companies yesterday of starting recent forest fires in East Kalimantan. "But I can't name the alleged culprits for the time being. I will announce them after I receive confirmation from the companies and match satellite images with my timber and plantation maps. I don't want the government to charge the wrong firms," he said.
Tue, 10 Feb 1998, 00:00 WIB
Thai's PM Chuan to meet exiled Ranariddh
Thai's PM Chuan to meet exiled Ranariddh BANGKOK (AFP): Thai Prime Minister Chuan Leekpai is due to meet Cambodia's ousted Premier Prince Norodom Ranariddh for talks on the strife-torn country later this week, Foreign Minister Surin Pitsuwan said yesterday. The long-mooted meeting will come just ahead of a meeting of the Association of Southeast Asian Nations (ASEAN) troika of countries trying to broker a peace deal between Cambodia's warring factions, he added. "On Feb.
Tue, 10 Feb 1998, 00:00 WIB
PDI leaders cool over Megawati for presidency
PDI leaders cool over Megawati for presidency JAKARTA (JP): The Indonesian Democratic Party (PDI) called on its leaders yesterday not to nominate toppled leader Megawati Soekarnoputri for their presidential candidate as she is not represented in the People's Consultative Assembly (MPR).
Tue, 10 Feb 1998, 00:00 WIB
Anticipating a severe drought
Anticipating a severe drought At a meeting in Bangkok, experts warned that severe drought brought on by the El Nino freak weather phenomenon could have an extremely damaging effect on agriculture in Southeast Asia. Yet the prolonged drought during the past year did not represent the worst of El Nino's impact. For this reason, worse conditions must be anticipated. The current economic crisis and effects of El Nino are hitting Indonesia simultaneously.
Tue, 10 Feb 1998, 00:00 WIB
Bring debtors in line
Bring debtors in line From Bisnis Indonesia I was drawn to offer my own suggestions after reading the opinion of Hartoyo Wignyowijoto in 'Disclose the names of the 228 borrowing companies' in Bisnis Indonesia on Feb. 3, 1998. It is a fact that the impact on the public exerted by these companies in debt is much worse than that brought about by the liquidation of the 16 commercial banks, yet no action has been taken against them yet.
Tue, 10 Feb 1998, 00:00 WIB
New strategy needed to solve crisis
New strategy needed to solve crisis When I first arrived in Indonesia in 1985 the buzz word of the day was "the export orientated economy". Indonesia was in a privatization drive and funds for government departments were running dry. I was working on a large program providing training in trading and entrepreneurial skills. Often, promising individuals, whom we sponsored through local and overseas training courses, were poached by large private companies on completion of their training.
Tue, 10 Feb 1998, 00:00 WIB
City to get new secretary
City to get new secretary JAKARTA (JP): Governor Sutiyoso is scheduled to install Fauzi Bowo, head of the City Tourist Agency, as the Jakarta administration's new secretary today. City Hall spokesman Kamaludin Santos said Fauzi would fill the position left vacant by Harun Al Rasyid, who was appointed deputy governor for economic affairs last October. Born in Jakarta on April 19, 1948, Fauzi is an architect who started his career with the city administration in 1978.
Tue, 10 Feb 1998, 00:00 WIB
Intinusa to split stock
Intinusa to split stock JAKARTA (JP): Shareholders of publicly listed granite producer PT Intinusa Selareksa approved yesterday the company's plan to split its stock while halving the nominal value of its shares from Rp 1,000 to Rp 500. Company president Ignatius Budihalim said in a statement yesterday that the split would double the company's number of shares to 49.04 million. The aim of the split is to increase the liquidity of its stock in the market, he added.
Tue, 10 Feb 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Feb.9, 1998: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 700 0 0 AHAP Insurance 350 0 0 Alter Abadi 550 -75 128,500 Alumindo Light Metal 400 0 543,000 Alumindo Perkasa 275 0 10,000 Aneka Kimia Raya 700 25 904,000 Aneka Tambang 1,725 -75 11,959,000 Anwar Sierad 175 -50 81,000 Apac Centertex Corp.
Tue, 10 Feb 1998, 00:00 WIB
Bad habits 'hinder' healthy living plans
Bad habits 'hinder' healthy living plans JAKARTA (JP): A lack of awareness and positive attitude toward healthy living among residents here often hinders efforts to develop a healthy city, an official said yesterday. The director general for contagious disease and environmental sanitation, Hadi M. Abednego, said many people still failed to understand the consequences of their actions. "For instance, a street cleaner sweeps the roads and eventually throws the junk into the gutter.
Tue, 10 Feb 1998, 00:00 WIB
Shoplifter gets three months
Shoplifter gets three months BOGOR (JP): The Bogor District Court sentenced a 20-year-old man to three months in jail yesterday for shoplifting in Matahari department store on Jl. Kapten Muslihat here on Dec. 5 last year. The verdict was two months lighter than that demanded by prosecutor Sri Hartatie. The defendant, Bakroni, was charged under Article 362 of the Criminal Code on stealing.
Tue, 10 Feb 1998, 00:00 WIB
Bank foreign currency loans rise over 100% last year
Bank foreign currency loans rise over 100% last year JAKARTA (JP): Foreign currency loans extended by domestic banks increased in their rupiah value by over 100 percent to Rp 117.3 trillion (US$12.34 billion) last year due to the sharp appreciation of the U.S. dollar, Bank Indonesia (BI) Governor J. Soedradjad Djiwandono said yesterday.
Tue, 10 Feb 1998, 00:00 WIB
Tokyo to help Jakarta to overcome crisis
Tokyo to help Jakarta to overcome crisis TOKYO (Reuters): Japan's Trade Ministry would like to do what it can for Indonesia after a forthcoming Japanese delegation to the financially troubled Southeast Asian nation returns home, Vice Trade Minister Osamu Watanabe said yesterday. He said that although the situation in Southeast Asia appeared to be stabilizing, Indonesia's corporate debt was one problem that still needed to be dealt with.
Tue, 10 Feb 1998, 00:00 WIB
Two women commit suicide at home
Two women commit suicide at home JAKARTA (JP): Two young women are believed to have committed suicide in separate incidents in West and South Jakarta over the weekend. Epri Supriati, 17, a former shop attendant, was found dead about 6 a.m. Saturday by relatives, laying on her bed in the family home on Jl. Perawatan, Kalideres in West Jakarta. An empty glass and a can of liquid insecticide found near her body were seized by police as evidence, a relative, Urip, said.
Tue, 10 Feb 1998, 00:00 WIB
Bearish news to dominate oil product market
Bearish news to dominate oil product market SINGAPORE (Reuters): Indonesia's decision to cut oil imports in February and March will give another blow to Asia's bearish oil product market, which has seen little demand during the region's economic crisis, traders said yesterday. Indonesian state oil company Pertamina said last week its oil product imports might grind to a halt in March to help stop a drain on foreign exchange.
Tue, 10 Feb 1998, 00:00 WIB
Rates for Tax Payment
Rates for Tax Payment JAKARTA (JP): The government announced yesterday new official conversion rates as the basis for payment of import duty, value added tax on goods and services, sales tax on luxury goods, export tax and income tax. The new conversion rates will be valid for one week, from Feb. 9 to Feb. 15: U.S.
Tue, 10 Feb 1998, 00:00 WIB
Mahathir on ASEAN center stage
Mahathir on ASEAN center stage By Roberto Coloma SINGAPORE (AFP): The severe crisis in Indonesia has eroded President Soeharto's standing as the region's elder statesman, allowing Malaysian Premier Mahathir Mohamad to fill the void, diplomats and analysts say. "Overwhelmed by its own internal problems, Indonesia is no longer in a position to play its traditional leadership role in Southeast Asia," the Political and Economic Risk Consultancy Ltd. (PERC) said in a report.
Tue, 10 Feb 1998, 00:00 WIB
Fate of small industrialists
Fate of small industrialists From Media Indonesia The monetary crisis has severely hit all sectors of our life. The illogical exchange rate of the rupiah against the dollar has caused havoc in trade and industry. Employee layoffs cannot be prevented. Even for the people who can hold their own, they are in for difficult times. The situation is very much felt by small industries, which basically own very limited rupiah-base capital.
Tue, 10 Feb 1998, 00:00 WIB
Australia deports 401 Indonesians
Australia deports 401 Indonesians KUPANG, East Nusatenggara (Antara): The Australian government deported 401 Indonesian fishermen last year for illegally entering Australia's territory, a local Indonesian official said here yesterday. "Most of them were caught by Australian patrols as they fished for sharks and sea slugs in Australian waters," Lukman Hakim, the head of the organization for social support at the local Ministry of Social Services office, said.
Tue, 10 Feb 1998, 00:00 WIB
Malaysia tweaks Japan and U.S. on help for Asia
Malaysia tweaks Japan and U.S. on help for Asia TOKYO (Reuters): Malaysia's Deputy Prime Minister Anwar Ibrahim politely tweaked Japan and the United States yesterday for not taking a more active role in helping Asia through its financial crisis.
Tue, 10 Feb 1998, 00:00 WIB
Massive strike hits C. Java
Massive strike hits C. Java SEMARANG: More than 1,000 bus drivers in several northern Java towns went on strike yesterday demanding the provincial government allow them to raise fares. The massive strike that crippled Jepara, Kelet, Keling, Tayu, Trengkil, Juana, Pati and Sukolilo left thousands of people scrambling for other means of transportation, police said.
Tue, 10 Feb 1998, 00:00 WIB
Wynne makes RI tennis history
Wynne makes RI tennis history JAKARTA (JP): Indonesia's Wynne Prakusya won the US$10,000 Wellington Women's International Tournament on Sunday after beating Rewa Hudson of New Zealand 7-5, 6-2. The 16-year-old Wynne, a finalist at the junior Australian Open a week before, had to pump out her energy in the first set as Hudson led 3-0. With Indonesian citizens, including Ambassador Titik Rustaman, throwing their weight behind her, Wynne fought point by point before ending the set 7-5.
Tue, 10 Feb 1998, 00:00 WIB
Soeharto criticizes media on reporting
Soeharto criticizes media on reporting JAKARTA (JP): The country's media celebrated National Press Day yesterday by receiving a dose of heavy criticism from President Soeharto for "disproportional" reporting on the current economic crisis. The President said the media frequently reported baseless rumors or news without taking into consideration whether they were newsworthy, accurate or what their impact would be on the nation.
Tue, 10 Feb 1998, 00:00 WIB
Bank Nusa target of bomb hoax
Bank Nusa target of bomb hoax JAKARTA (JP): City police chief Maj. Gen. Hamami Nata confirmed yesterday a bomb threat at Bank Nusa in the Wisma Bakrie building on Jl. Rasuna Said in Kuningan, South Jakarta, was a hoax. "There was nothing there. We searched the place thoroughly and found nothing which may be associated with a bomb or explosive materials," he said. The bomb squad was deployed after police received a report from a building security officer.
Tue, 10 Feb 1998, 00:00 WIB
Where to go in Bandung:
Where to go in Bandung: Exhibition * Painting Exhibition: International Indonesian Paintings Exhibition 1998 by Jeihan, Popo, Erica Hestu Wahyuni, Krisna Murti, Faizal, Maria Tjui, etc., at the lobby level Grand Aquila Hotel, Jl. Dr. Djundjunan No. 116, Bandung, until Feb. 28. Performance * Sundanese Traditional Drama, at Gedung Kesenian Rumentang Siang Jl. Baranang Siang 1, Kosambi Bandung: Bang-Bang Komara Sakti by Sanggar Vikta, 8 p.m., Feb. 14.
Tue, 10 Feb 1998, 00:00 WIB
Conversion Rates
Conversion Rates Jakarta (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on Feb.9, 1998: Buying Selling Rp Rp U.S.
Tue, 10 Feb 1998, 00:00 WIB
Ulemas urged to defuse unrest
Ulemas urged to defuse unrest JAKARTA (JP): President Soeharto has asked Moslem leaders to serve as an early warning system -- to detect and nip unrest in the bud. Addressing a post-Idul Fitri gathering with 75 leaders of the influential Indonesian Ulemas Council (MUI) at the Bina Graha presidential office yesterday, Soeharto said several disturbances across the country over the past year occurred at the instigation of certain parties.
Tue, 10 Feb 1998, 00:00 WIB
Medan airport bomb hoax causes panic
Medan airport bomb hoax causes panic MEDAN (JP): A bomb hoax caused panic at Polonia airport yesterday, forcing authorities to delay several flights. Airport chief Colonel Benyamin S. Dandel said activities at the international airport were not seriously affected but admitted that several flights were delayed "for a little while". A local military spokesman Lt. Col. Agus Ramadhan said last night that an object thought to be a bomb turned out to be only a "toy" containing no explosives.
Tue, 10 Feb 1998, 00:00 WIB
Political parties must be able to promote national reforms
Political parties must be able to promote national reforms By Hendardi JAKARTA (JP): The current monetary crisis has had a deep impact on the Indonesian community. The price of basic commodities has rocketed and unemployment is rising. Dr. Sumitro Djojohadikusumo, one of the country's most respected economists, has said that the crisis pertains not only to the monetary and economic sectors but is a crisis of confidence in the whole political community.
Tue, 10 Feb 1998, 00:00 WIB
Toyota Astra Motor to slash production
Toyota Astra Motor to slash production JAKARTA (JP): Toyota Motor Corp. plans to halve production at its Indonesian unit, PT Toyota Astra Motor (TAM), to between 3,000 to 4,000 vehicles per month starting this month. "Under the cut, Indonesian production will be halved. We plan to continue single-shift production at the Indonesian plant for the time being," Reuters quoted a Toyota spokesman as saying.
Tue, 10 Feb 1998, 00:00 WIB
Asian crisis to hit China's trade growth
Asian crisis to hit China's trade growth BEIJING (Reuters): China's foreign trade minister, warning of the impact of the Asian financial crisis, was quoted yesterday as saying combined import and export growth this year would be slashed by half. Chinese economists predicted exports could plunge as a result of currency collapse in some of China's most important export markets, including Thailand and Indonesia. This, in turn, could further slow China's relatively sluggish economic growth.
Tue, 10 Feb 1998, 00:00 WIB
Use of regional money in trade wins support
Use of regional money in trade wins support MANILA (AFP): The Philippine central bank chief said Monday that he supported plans to use local currencies to pay for regional trade to save on dollars and prevent currency speculation amid Asia's financial crisis. The plan will "reduce the demand for U.S. dollars for trade as well as speculative purposes," said Gabriel Singson, adding that it would give a boost to trade within the Association of Southeast Asian Nations (ASEAN).
Tue, 10 Feb 1998, 00:00 WIB
Siswono urges delay of car, jet plane projects
Siswono urges delay of car, jet plane projects JAKARTA (JP): A cabinet minister has suggested that expensive state projects such as the National Car and the development of Indonesia's own jet plane should be temporarily halted, and funding originally earmarked for them be reallocated for transmigration.
Tue, 10 Feb 1998, 00:00 WIB
Organda slams lubricant hoarders, call for action
Organda slams lubricant hoarders, call for action JAKARTA (JP): The Organization of Land Transportation Owners (Organda) called on the government yesterday to impose harsh penalties on hoarders of lubricants and automotive spare parts. Chairman Aip Syarifuddin also asked the government to provide special exemptions on import duties for businesses dealing in spare parts.