Archive: 25 July 1998
61 articles found
Sat, 25 Jul 1998, 00:00 WIB
Oil firms unlikely to rush into RI: Analysts
Oil firms unlikely to rush into RI: Analysts SINGAPORE (Reuters): Burdened by the economic crisis and low prices, oil companies are unlikely to rush in to capitalize on the Indonesian government's move to throw open its oil and gas sector, analysts said yesterday.. They said a squeeze on profit, contraction of Asian demand for petroleum products and a huge country risk would deter many from sinking scarce funds into Indonesia.
Sat, 25 Jul 1998, 00:00 WIB
Direct investment still flowing to RI: Hamzah
Direct investment still flowing to RI: Hamzah SINGAPORE (Reuters): Indonesia's State Minister of Investment, Hamzah Haz, said here yesterday that trade and investment into the country had not been completely halted by the economic crisis, despite some credit financing problems. The minister, in Singapore to attend the fourth meeting of ASEAN (Association of Southeast Asian Nations) heads of investment agencies, told reporters business had slowed down, but was not stagnant.
Sat, 25 Jul 1998, 00:00 WIB
Two strategic alliances in the making?
Two strategic alliances in the making? Members of Nahdlatul Ulama have announced their declaration of the establishment of the Partai Kebangkitan Bangsa (People's Awakening Party). Unlike similar events in recent weeks, the birth of the People's Awakening Party has attracted much attention from politicians. A number of (retired) generals were present during the ceremony, including former Vice President Try Sutrisno, who "lost the battle" in the recent Golkar national convention.
Sat, 25 Jul 1998, 00:00 WIB
Nobel prize laureates
Nobel prize laureates East Timor's Bishop Belo came to Jakarta the other day and met with Moslem leader Abdurrahman Wahid and the Indonesian Democratic Party's ousted leader Megawati Soekarnoputri. What they discussed and the statement they issued jointly after the meeting are already known to you. As I write this, what first springs to mind, on my part at least, is not the political impact that their call for national consensus might bring.
Sat, 25 Jul 1998, 00:00 WIB
Skeleton RI team to compete in Asiad
Skeleton RI team to compete in Asiad JAKARTA (JP): Cash-strapped Indonesia may have no choice but to send a tiny team of 52 athletes to the 13th Asian Games in Bangkok in December, a National Sports Council official has said. Training director for the national Asian Games team Muhammad Hindarto calculated on Thursday that the government's latest commitment of Rp 2.5 billion (US$175,500) would be only be enough to cover the daily expenses of the athletes plus 32 officials.
Sat, 25 Jul 1998, 00:00 WIB
Unity and assimilation
Unity and assimilation I am very concerned that children aged 5 and under have witnessed the sad events in the world and in our own country. However, when I read the last couple of lines of the poem From Indonesia with Love, June 28, I took courage from it. How good it is that sensitivity in thought and feeling can be taught in early childhood, as with the grandson of Mrs.
Sat, 25 Jul 1998, 00:00 WIB
Opponents decry return of U.S.
Opponents decry return of U.S. MANILA (AP): An agreement that would allow the resumption of joint U.S.-Philippine military exercises would violate Philippine sovereignty and revive anti-American sentiment, opponents said yesterday. About 100 members of the left-wing Movement for National Democracy rallied at the U.S. Embassy to denounce the accord, called the Visiting Forces Agreement. The agreement, which provides certain legal protections for U.S.
Sat, 25 Jul 1998, 00:00 WIB
Bali raises NPL provision
Bali raises NPL provision JAKARTA (JP): Publicly listed PT Bank Bali announced yesterday it had increased its non-performing loan (NPL) provisions to Rp 400.4 billion (US$28.6 million) as of June 30, from Rp 213.21 billion at the end of last year. Despite the huge NPL provisioning, Bank Bali booked a net profit of Rp 60.1 billion for the first semester, compared to Rp 69.96 billion booked for the whole year of 1997 and Rp 72.27 billion in 1996.
Sat, 25 Jul 1998, 00:00 WIB
Government issues decree on freedom of expression
Government issues decree on freedom of expression JAKARTA (JP): President B.J. Habibie has signed a government regulation in lieu of a law on "freedom of expression" that governs requirements for street demonstrations. Minister of Justice Muladi announced yesterday evening that the regulation was urgently needed to maintain national security and order but, at the same time, also to assure freedom of expression for all citizens.
Sat, 25 Jul 1998, 00:00 WIB
Cambodians fear CPP may stage a coup if it loses in polls
Cambodians fear CPP may stage a coup if it loses in polls By Armin Wertz PHNOM PENH (DPA): The German embassy in Phnom Penh is reported by Deutsche Welle, the German short-wave radio station, to have warned that Hun Sen's Cambodian People's Party (CPP) may stage a coup if it loses tomorrow's general election. The embassy is said to have expressed this view in a confidential message relayed to the German foreign office in Bonn.
Sat, 25 Jul 1998, 00:00 WIB
ASEAN foreign ministers welcome Obuchi's election
ASEAN foreign ministers welcome Obuchi's election MANILA (AP): Foreign ministers of the Association of Southeast Asian Nations welcomed Keizo Obuchi's election as head of Japan's ruling party yesterday, expressing confidence he could bail Japan out of its economic troubles. Most said his links with the trading bloc, gained through years as Japan's foreign minister, will enable Japan to better help financially-ravaged Southeast Asian countries.
Sat, 25 Jul 1998, 00:00 WIB
Mahathir off to southern Africa
Mahathir off to southern Africa KUALA LUMPUR (DPA): Malaysian Prime Minister Mahathir Mohamad left early yesterday for a week-long visit to South Africa, Namibia and Mozambique, the Bernama national news agency reported. It said Mahathir, who left for Johannesburg, will hold talks with acting South African President Thabo Mbeki and open Malaysia's new chancery building in Pretoria.
Sat, 25 Jul 1998, 00:00 WIB
Focusing on the gimmicks used in the power struggle
Focusing on the gimmicks used in the power struggle By Mochtar Buchori JAKARTA (JP): Is it true that the recent Golkar congress was defiled by an acrid fight between the supporters of Akbar Tandjung and Edi Sudradjat? I personally think there is an element of truth in this allegation. It is obvious that a bitter fight to win control of the party took place between the two camps. What interests me is the manner in which this struggle was carried out.
Sat, 25 Jul 1998, 00:00 WIB
Train pileup kills one, injures nine in Bekasi
Train pileup kills one, injures nine in Bekasi JAKARTA (JP): One person was killed and nine others injured in a three-train collision early yesterday in Karang Asih village, Bekasi, the city's second fatal train accident of the week. Police are investigating whether the accident was due to negligence of railway attendants at nearby Cikarang station. "Preliminary findings indicate it was caused by human error, as the attendants abandoned their post at the time of the incident," Lt. Col.
Sat, 25 Jul 1998, 00:00 WIB
Govt frees 50 political prisoners
Govt frees 50 political prisoners JAKARTA (JP): The government released 50 political prisoners yesterday and pledged to restore the good name of the late Hartono Rekso Dharsono, a soldier and diplomat jailed for subversion by former president Soeharto's regime. Minister of Justice Muladi announced the decision after meeting with President B.J. Habibie at the Bina Graha presidential office.
Sat, 25 Jul 1998, 00:00 WIB
Floods, landslides kill 12 in Irian Jaya
Floods, landslides kill 12 in Irian Jaya JAYAPURA, Irian Jaya: Floods and landslides caused by three days of incessant rain in Yapen Waropen and Abepura districts near here have killed at least 12 people and injured many others. Seven victims came from Serui, the capital of Yapen Waropen district, and the nearby village of Kaboena, local resident Nico Imbiri said on Thursday.
Sat, 25 Jul 1998, 00:00 WIB
Error saves Utut after unnecessary sacrifice
Error saves Utut after unnecessary sacrifice JAKARTA (JP): A pair of blunders were the highlights yesterday as Indonesia's number one chess wizard Utut Adianto was lucky to escape with a draw at the Biel Masters tournament in Switzerland Thursday. Utut, the first Indonesian to join the world's elite group of Super Grand Masters, produced a late comeback to force an unlikely draw with Alexander Mikhaelevsky of Israel in their fourth-round game after making an early blunder.
Sat, 25 Jul 1998, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Exhibitions * Arts Exhibition by Agung Kurniawan at Lontar Gallery, Jl. Utan Kayu 68 H East Jakarta (Phone: 8573388), Monday to Friday, 10 a.m. to 5 p.m., Saturday, 10 a.m. to 3 p.m. until Aug. 10. * Arts Exhibition by I Made Wianta and Andreas Straub, at the Regent Jakarta, Jl. H.R. Rasuna Said, South Jakarta (Phone: 2523456), until July 31. * Painting Exhibition: Kriyono's Cynorure by Kriyono, at Galeri Linggar, Jl. Kemang Timur No.
Sat, 25 Jul 1998, 00:00 WIB
Indonesian press enters gray area
Indonesian press enters gray area JAKARTA (JP): Senior journalists and media watchers warned yesterday that the press was entering unchartered waters full of uncertainty both in terms of financial survival and editorial policy. Chief editor of DTAK tabloid, Eros Djarot, said yesterday at a discussion on press freedom that the press' biggest enemy was no longer immediate censorship or repression but uncertainty over the political and economic state of the country.
Sat, 25 Jul 1998, 00:00 WIB
Dead baby may have been sexually abused
Dead baby may have been sexually abused JAKARTA (JP): Physicians believe an 18-month-old boy who died yesterday morning at Harapan Bunda Hospital in East Jakarta may have been sexually abused. An autopsy showed the anus of the child, identified as John Ade, was dilated and it was surrounded by bruises. The child lived on Jl. Gedong in East Jakarta. Hospital pediatrician Dr. Indra Sugiarno said John may have died from an illness brought about by the suspected molestation. Dr.
Sat, 25 Jul 1998, 00:00 WIB
Impact of Sino-U.S. ties on Japan
Impact of Sino-U.S. ties on Japan Continuing with the fifth in a series of articles on President Bill Clinton's recent visit to China, The Jakarta Post's Asia correspondent Harvey Stockwin focuses on the current atmospherics in the triangular relationship between Japan, China and the United States. China's ambition to surpass Japan in American affections became plain, and Clinton conveyed the image of going along with it.
Sat, 25 Jul 1998, 00:00 WIB
ASEAN firm on free trade plan
ASEAN firm on free trade plan SINGAPORE (Reuters): The Association of Southeast Asian Nations (ASEAN) senior officials at a heads of investment meeting yesterday stood solidly behind the push for oneness in their economies despite the current economic crisis. "In these times there are bound to be voices calling for protectionism but if we do that it will be a step backwards.
Sat, 25 Jul 1998, 00:00 WIB
House unanimously approves new bankruptcy bill
House unanimously approves new bankruptcy bill JAKARTA (JP): The House of Representatives approved yesterday a new bankruptcy bill in a move the government hopes will attract foreign investors to the country. The House unanimously passed the bill in a plenary session attended by Minister of Justice Muladi. The bill will now be sent to President B.J. Habibie for final approval before its scheduled enactment on Aug. 20.
Sat, 25 Jul 1998, 00:00 WIB
Conversion Rates
Conversion Rates JAKARTA (JP): Bank Ekspor Impor Indonesia's (Bank Exim) indicative conversion rates on July 24, 1998: Buying Selling Rp Rp U.S.
Sat, 25 Jul 1998, 00:00 WIB
Soeharto's monopoly probed
Soeharto's monopoly probed JAKARTA (JP): State oil and gas company PT Pertamina is investigating a Soeharto-linked company's alleged monopoly on the production of liquefied petroleum gas (LPG) container valves. "I've received the letter informing me about the monopoly. I've ordered Pertamina to investigate the case," Minister of Mines and Energy Kuntoro Mangkusubroto said yesterday.
Sat, 25 Jul 1998, 00:00 WIB
IMF's review to focus on three major issues
IMF's review to focus on three major issues JAKARTA (JP): The International Monetary Fund (IMF) Director for Asia and Pacific Affairs Hubert Neiss said here yesterday that the fund's review of the Indonesian economic reform program would focus on three major issues this month, including the country's crippled distribution system.
Sat, 25 Jul 1998, 00:00 WIB
Mobs get own back in land rows
Mobs get own back in land rows By Pandaya JAKARTA (JP): A gang of 200 men descended out of the scenic Cibodas hills of West Java in the middle of the dark night of July 20. Armed with knives and hoes, they fell upon the golf course, chopped down trees, dug up the land and raised banners proclaiming their "victory".
Sat, 25 Jul 1998, 00:00 WIB
S'pore should avoid 'harsh contraction'
S'pore should avoid 'harsh contraction' SINGAPORE (Reuters): Singapore should avoid a harsh economic contraction in 1998 to see growth sit within the government's forecast of 0.5 percent to 1.5 percent expansion, U.S. embassy officials said in a report yesterday. "The Singapore economy should be able to avoid a contraction for 1998 as a whole, provided the regional crisis does not take a severe turn for the worst," said the July report from the embassy's economic and political section.
Sat, 25 Jul 1998, 00:00 WIB
DPR approves the bill on convention against torture
DPR approves the bill on convention against torture JAKARTA (JP): Attacking the government for its tacit approval of rights violations over the past 13 years, the four House of Representatives factions passed yesterday the bill on the Convention against Torture and other Cruel, Inhuman or Degrading Treatment or Punishment.
Sat, 25 Jul 1998, 00:00 WIB
Megawati faction sticks to its guns on rallies
Megawati faction sticks to its guns on rallies JAKARTA (JP): Supporters of Megawati Soekarnoputri's faction of the Indonesian Democratic Party (PDI) vowed yesterday to defy a police ban and go ahead with rallies marking the second anniversary of a bloody attack on their ranks. In Jakarta, a rally is tentatively scheduled for the faction's West Jakarta headquarters on Jl. Joglo Raya on Monday.
Sat, 25 Jul 1998, 00:00 WIB
Palm oil prices little changed in Europe on limited demand
Palm oil prices little changed in Europe on limited demand LONDON (Reuters): European vegetable oil prices were little changed from Thursday's close at opening yesterday. Traders said the market remained under pressure from good weather conditions in the U.S. Midwest and slow demand for palm oil against a background of expectations of higher stocks.
Sat, 25 Jul 1998, 00:00 WIB
Police told to question developer
Police told to question developer JAKARTA (JP): The State Minister of Public Housing and Settlements Office has asked police to investigate directors and commissioners of a housing development firm for alleged fraud. A 200-member delegation representing thousands of customers of Kota Tenjo housing complex in Bogor regency visited the office for the third time Thursday, demanding the company help settle their dispute with developer PT Prasetia Pertiwi.
Sat, 25 Jul 1998, 00:00 WIB
Television aiding sports development
Television aiding sports development By Antariksawan Jusuf JAKARTA (JP): Television and sports have evolved into a mutually beneficial association, and in a developing nation like Indonesia, television sometimes becomes the backbone of sports development. As an entertainment, sports can attract viewers who become the target for sponsors. And the aim of commercial television is to provide wide distribution for sponsor value.
Sat, 25 Jul 1998, 00:00 WIB
Ulemas urged to issue edict on gambling
Ulemas urged to issue edict on gambling JAKARTA (JP): The Indonesian Consumers Foundation urged the Indonesian Ulemas Council yesterday to issue an edict on gambling following a proposal by the National Sports Council to reinstate a lottery to raise funds for sports. The agency's deputy chairman, Agus Pambagio, told reporters yesterday that such an edict was necessary because the fund- raising program would target the people. "The government bans gambling but that is not enough.
Sat, 25 Jul 1998, 00:00 WIB
Indonesian legislators meet U.S. lawmakers
Indonesian legislators meet U.S. lawmakers WASHINGTON (JP): A three-member delegation from the Indonesian House of Representatives met with United States lawmakers here in an attempt to build closer relations and provide more factual information about developments in their country. "Through dialog, we hope that they will understand the situation in Indonesia and be willing to help," Sazili Marjani told reporters in Washington Thursday. Sazili said he told U.S.
Sat, 25 Jul 1998, 00:00 WIB
First troops to leave Timor early next week
First troops to leave Timor early next week JAKARTA (JP): One thousand troops are to begin leaving East Timor next week in what is expected to be the start of a gradual reduction of forces in the province. Armed Forces spokesman Maj. Gen. Syamsul Ma'arif confirmed yesterday that the first batch of Indonesian troops, amounting to approximately one battalion, would embark from Dili seaport Tuesday.
Sat, 25 Jul 1998, 00:00 WIB
Soeharto's mansion fund
Soeharto's mansion fund Has Mr. Soeharto no shame? Disgraced, ousted former president Soeharto has asked that as a former president he be given a cash allowance of Rp 26.5 billion in lieu of housing for his needs. According to reports, he prefers cash to a house because he already has a house and does not actually need a physical place of residence. Under the circumstances, this request is remarkable enough, but what is even more incredible is that President B.J.
Sat, 25 Jul 1998, 00:00 WIB
Govt urged to cancel plan to raise telephone tariffs
Govt urged to cancel plan to raise telephone tariffs JAKARTA (JP): Legislators have urged the government to cancel a plan to raise telephone tariffs for local calls over more than 30 kilometers within Greater Jakarta. Burhanuddin Napitupulu of the Golkar faction in the House of Representatives said that the state-owned domestic telecommunications provider, PT Telkom, should not pass over its business failure to customers within Greater Jakarta by raising local call tariffs.
Sat, 25 Jul 1998, 00:00 WIB
Tanjung denies role in kidnapping of activists
Tanjung denies role in kidnapping of activists JAKARTA (JP): Gen. (ret.) Feisal Tanjung has denied any involvement in a spate of abductions and torture of political activists, which occurred when he was the Armed Forces (ABRI) chief and were allegedly committed by members of the military.
Sat, 25 Jul 1998, 00:00 WIB
Show displays street children's creativity
Show displays street children's creativity JAKARTA (JP): A group of street children are taking time out from the rat race to show off their creativity during a four-day exhibition at the Jakarta Arts Institute that will end Monday. Held in conjunction with National Children's Day, Kamekspo '98 is also aimed at improving street children's social awareness. Organized by street children from Sanggar Akar (Root Studio), it features a photography and art exhibition, an opera and workshops.
Sat, 25 Jul 1998, 00:00 WIB
UN gives more aid to ASEAN
UN gives more aid to ASEAN MANILA (AP): The United Nations promised an additional US$6 million in aid to Southeast Asia yesterday to help alleviate poverty, create jobs and fight environmental pollution during the next three years. A letter of intent was signed between the UN Development Program and the Association of Southeast Asian Nations (ASEAN) just before the opening of the annual Asean Foreign ministers' meeting.
Sat, 25 Jul 1998, 00:00 WIB
Easing the choking debt
Easing the choking debt The government has started to sell to corporate debtors the overall foreign debt restructuring package under the June 4 Frankfurt agreement which will become effective early next month. Restructuring the private-sector debt overhang, estimated at about US$72 billion, including $8 billion owed by banks, is one of the four top-priority policy agendas that have to be implemented immediately to lead the nation out of its economic crisis.
Sat, 25 Jul 1998, 00:00 WIB
ASEAN must 'lead reshaping' of world financial system
ASEAN must 'lead reshaping' of world financial system MANILA (Agencies): New Philippine President Joseph Estrada urged Southeast Asian nations yesterday to take the lead in reshaping the world financial system to ensure that Asian-style currency crises are not repeated.
Sat, 25 Jul 1998, 00:00 WIB
German bank to give DM300 million loan
German bank to give DM300 million loan JAKARTA (JP): German bank Kreditanstalt fr Wiederaufbau (KfW) agreed here yesterday to provide loans worth DM300 million (about US$168.5 million) to Indonesia's private sector. Gert Vogt, chairman of the German bank for reconstruction, said the loans would be channeled through Bank Indonesia and the country's financing sector "to cover urgent import needs and to bridge liquidity gaps for necessary working capital".
Sat, 25 Jul 1998, 00:00 WIB
Women's joint prayer held to end years of violence
Women's joint prayer held to end years of violence By Stevie Emilia JAKARTA (JP): Rain usually makes one stay at home, but not last Thursday evening, when hundreds of people, mostly women, flocked to the Nyai Ageng Serang women's building in Kuningan, South Jakarta, praying together to end years of violence in the country.
Sat, 25 Jul 1998, 00:00 WIB
Bakrie Securities returns
Bakrie Securities returns JAKARTA (JP): PT Bakrie Securities, a brokerage arm of the Bakrie Group, announced yesterday it had resumed operation on the Jakarta Stock Exchange after it was temporarily suspended due to inadequate net weighted working capital. Company president Krisnaraga Syarfuan said in a statement that the company had disbursed some of its portfolio investment holding for total fresh funds of Rp 1.5 billion, above the required minimum level of Rp 700 million.
Sat, 25 Jul 1998, 00:00 WIB
Audi to buy Lamborghini
Audi to buy Lamborghini BONN (Dow Jones): Audi AG, a wholly owned unit of Volkswagen AG, said yesterday it signed a contract to buy Italian sports car manufacturer Lamborghini SpA. Audi signed a letter of intent to purchase Lamborghini on June 12. Audi declined to reveal financial details of the transaction. It said the former owners - Malaysian holding company Mycom Setdeo and Indonesian company V Power Corp. - asked for confidentiality on this issue.
Sat, 25 Jul 1998, 00:00 WIB
Irian, Riau groups demand share of mining royalties
Irian, Riau groups demand share of mining royalties JAKARTA (JP): Several non-governmental groups have demanded that the government split earnings from mining, oil and gas operations in Irian Jaya and Riau with the two provinces.
Sat, 25 Jul 1998, 00:00 WIB
East Timor
East Timor From Pikiran Rakyat In order to solve the East Timor problem, which is becoming increasingly complicated, we must think in a more realistic way by trying to put ourselves in the place of those who are anti- integration. First, we must realize that they do not feel part of the Indonesian nation because their history as a nation is different. Second, as a nation long colonized by Portugal, they certainly desire becoming an independent nation.
Sat, 25 Jul 1998, 00:00 WIB
Thames Water flushes pipeline
Thames Water flushes pipeline JAKARTA (JP): Thames Water International has started cleaning sediment from water pipelines in several areas in East Jakarta as part of its cooperation with city-owned drinking water company PDAM Jaya, the company said yesterday. Thames Water distribution director, Tony De Seta, said in a statement that the first stage of the cleaning program was conducted at night and involved more than 200 employees.
Sat, 25 Jul 1998, 00:00 WIB
Three die in house fire
Three die in house fire UJUNGPANDANG, South Sulawesi: A mother of four was burned alive trying to save two of her children, who also died, after their house caught fire here on Thursday night. Yohanna and her four children were asleep when the fire broke out and quickly spread through their small wooden house which doubled as an eatery. Waking up in panic, the 34-year-old mother grabbed two of her daughters, seven-year-old Devi and five-year-old Debi, and carried them to safety.
Sat, 25 Jul 1998, 00:00 WIB
New parties warned of sectarianism
New parties warned of sectarianism JAKARTA (JP): Two Moslem figures have come out behind the establishment of religion-affiliated political parties, but a political observer has warned against dangers of sectarianism. Cholil Bisri, a cofounder of the People's Awakening Party, said in a discussion here yesterday the establishment of Islamic parties had its legitimacy from Islamic teaching and Indonesian history.
Sat, 25 Jul 1998, 00:00 WIB
Govt announces plan to liberalizes sugar trade
Govt announces plan to liberalizes sugar trade JAKARTA (JP): The government announced yesterday it would liberalize the domestic sugar trade and assigned the State Logistics Agency (Bulog) to stabilize market prices. Minister of Trade and Industry Rahardi Ramelan, speaking after the Economic and Finance Resilience Council's meeting, said sugar mills were now required to give farmers the sugar they are entitled to -- 65 percent of sugar output -- rather than cash compensation as previously.
Sat, 25 Jul 1998, 00:00 WIB
IBM puts off Manila project
IBM puts off Manila project MANILA (AP): IBM has temporarily dropped plans to build a $1 billion silicon wafer plant in the Philippines. Lawrence Qua, president of Philippine electronics concern Ionics Circuits Inc., said Thursday a glut of computer wafers worldwide has forced the joint venture project to be put on hold. "We'll have to wait until the market is right for us to build a wafer plant here and (see) if government is ready to live up to its commitment on the project," he said.
Sat, 25 Jul 1998, 00:00 WIB
Stocks rebound as rupiah stays flat against dollar
Stocks rebound as rupiah stays flat against dollar JAKARTA (JP): The rupiah was stable yesterday at the 14,000 level against the U.S. dollar while stock prices made a surprise 1.2 percent gain on improving sentiment in regional markets, dealers and stockbrokers said. Currency dealers said the dollar-rupiah trade was sluggish as market players were reluctant to take positions ahead of the weekend.
Sat, 25 Jul 1998, 00:00 WIB
Open-air movie workers protest
Open-air movie workers protest JAKARTA (JP): More than 20 managers and workers at open-air movie theaters visited the National Commission on Human Rights yesterday to protest intimidation from police officers and soldiers. Sonny P. Sasono, chairman of the open-air movie managers and workers union, said they frequently faced not only personal intimidation but also closure unless they paid "additional compensation" for permits to screen movies both in the city and the suburbs.
Sat, 25 Jul 1998, 00:00 WIB
Japanese firm to start subway project next year
Japanese firm to start subway project next year JAKARTA (JP): Itochu Corp. of Japan has pledged to start the construction of the repeatedly delayed 14.5-kilometer subway project next year, Governor Sutiyoso said yesterday. The company, together with the Japanese government, also vowed to fund the US$1.5 billion project by providing a soft loan at an interest rate of 0.75 percent per annum and with an option to make the payment over 40 years, said Sutiyoso.
Sat, 25 Jul 1998, 00:00 WIB
Several firms to vie for troubled Kia Motors
Several firms to vie for troubled Kia Motors SEOUL (Reuters): Ford Motor Co and other foreign companies yesterday submitted letters of intent to bid for South Korea's troubled Kia Motors and its sister firm, Asia Motors Corp, a Kia spokesman said. Ford and Korea's second largest carmaker, Daewoo Motor, submitted letters of intent yesterday, spokesman Kim Sam-sung said.
Sat, 25 Jul 1998, 00:00 WIB
Another cancer scare for Ong
Another cancer scare for Ong SINGAPORE (Reuters): Singapore President Ong Teng Cheong began chemotherapy treatment yesterday after a lymph node biopsy showed a recurrence of lymphoma, a statement from Ong's office said. Ong's attending physicians have asked him to cut back on his activities, the statement said. In 1992, Ong was diagnosed as having low-grade malignant lymphoma.
Sat, 25 Jul 1998, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 24, 1998: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 350 0 0 AHAP Insurance 575 0 0 Alter Abadi 550 25 10,000 Alumindo Light Metal 300 0 310,000 Alumindo Perkasa 225 25 5,000 Aneka Kimia Raya 200 0 8,000 Aneka Tambang 2,575 150 58,230,500 Anwar Sierad 100 -25 49,000 Apac Centertex Corp.
Sat, 25 Jul 1998, 00:00 WIB
Yoyga governor hits 91, or 88?
Yoyga governor hits 91, or 88? YOGYAKARTA: Governor Paku Alam VIII celebrated his 91st birthday according to the Javanese calender yesterday. He was born here on Sunday Pon 29 Mulud 1840 of the Javanese calender, which this year fell on July 24. His Javanese birth date is said to have fallen on April 10, 1910, of the Gregorian calender. Antara calculated this would make Paku Alam 88 based on the Gregorian calender.