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Tue, 18 Nov 1997
Bears keep stranglehold on Southeast Asian trade
Bears keep stranglehold on Southeast Asian trade SINGAPORE (Reuters): The Southeast Asian rubber trade remained mired in a ferocious bear market as poor consumer sentiment is seen driving prices lower this week, dealers said yesterday."It's extremely bearish," a senior European dealer said.
Tue, 18 Nov 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 17, 1997: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 700 -200 32,500 AHAP Insurance 2,500 0 0 Alter Abadi 525 0 0 Alumindo Light Metal 425 -25 2,500 Alumindo...
Tue, 18 Nov 1997
15 locals compete in Djarum Formula Asia
15 locals compete in Djarum Formula Asia JAKARTA (JP): About 15 local drivers have confirmed their participation in the Djarum Formula Asia at Sentul International Circuit, near Bogor, scheduled for Nov. 22 and Nov. 23.The competition is the third and fourth round in the series.
Tue, 18 Nov 1997
Soeharto to embark on overseas trip
Soeharto to embark on overseas trip JAKARTA (JP): President Soeharto will embark on a 12-day overseas trip this morning to Namibia, South Africa, Canada and Saudi Arabia before returning home on Nov. 29.
Tue, 18 Nov 1997
S'pore aid offers to be queried
S'pore aid offers to be queried SINGAPORE (AP): Singapore lawmakers plan to question the country's aid offers to Thailand and Indonesia, Parliament announced yesterday.Several members have submitted written queries for Finance Minister Richard Hu and Trade and Industry Minister Lee Yock Suan to be...
Tue, 18 Nov 1997
AREBI to tie up with S'pore realtors
AREBI to tie up with S'pore realtors JAKARTA (JP): The Indonesian Association of Real Estate Brokers (AREBI) will cooperate with the Association of Singapore Realtors to help develop each other's marketing skills.AREBI chairwoman Cynthia G.
Tue, 18 Nov 1997
Nortel to set up JVC
Nortel to set up JVC JAKARTA (JP): Nortel, a Canadian telecommunications equipment producer, plans to establish a joint venture company in Indonesia to anticipate growing opportunities in the Asian region, particularly in the Indonesian archipelago.
Tue, 18 Nov 1997
NZ and Australia to monitor PNG truce
NZ and Australia to monitor PNG truce CANBERRA (Reuters): Australia and New Zealand said yesterday they would send peacekeepers to the war-torn Papua New Guinea island of Bougainville ahead of peace talks aimed at ending one of the Pacific's longest and bloodiest civil wars.
Tue, 18 Nov 1997
Hendra to come back, face truth
Hendra to come back, face truth JAKARTA (JP): Businessman Hendra Rahardja, who is still abroad, will return to Indonesia and take responsibility for his two liquidated banks, Bank Harapan Sentosa (BHS) and Bank Guna International (BGI), his lawyer said yesterday.
Tue, 18 Nov 1997
Thai athletes absolved of doping charges
Thai athletes absolved of doping charges JAKARTA (JP): The 19th SEA Games organizing committee will officially announce the reinstatement of two Thai athletes, who were previously accused of using banned substances during the biennial event.The committee's secretary-general, Rudolf S.
Tue, 18 Nov 1997
Myanmar arrests party leader
Myanmar arrests party leader BANGKOK (AP): Myanmar's military authorities have arrested a leader of a banned ethnic minority party, an exile opposition group said yesterday.Dr. Min Soe Lin, general secretary of the Mon National League for Democracy, was detained Nov.
Tue, 18 Nov 1997
Bank Danamon not to merge with BCA: Anthony
Bank Danamon not to merge with BCA: Anthony JAKARTA (JP): Salim Group chairman Anthony Salim ruled out yesterday the possible merger between the newly acquired Bank Danamon with Bank Central Asia (BCA).Anthony, the son of the business group's founder, Liem Sioe Liong, said the Rp 297.
Tue, 18 Nov 1997
Kalla delays cable plant
Kalla delays cable plant JAKARTA (JP): The Kalla Group has delayed its plan to build a electricity cable plant due to a domestic oversupply and the monetary turmoil.Kalla owner Yusuf Kalla was quoted by Antara as saying in Ujungpandang, South Sulawesi's capital, that the plant would be built by...
Tue, 18 Nov 1997
Rumors spread by irresponsible people: Hartono
Rumors spread by irresponsible people: Hartono JAKARTA (JP): Minister of Information R. Hartono said yesterday rumors about the death of the country's richest tycoon Soedono Salim on Friday, which sparked a huge rush on his Bank Central Asia (BCA), were spread by irresponsible people seeking to...
Tue, 18 Nov 1997
22 people missing in boat accident
22 people missing in boat accident JAKARTA (JP): The Indonesian Navy and police are still searching for 22 people missing in a boat accident in the Strait of Malacca off Belawan port, North Sumatra last Friday, Antara reported yesterday.Deputy commander of the Naval Base on Belawan port, Col.
Tue, 18 Nov 1997
NU urges MPR to elect state leaders carefully
NU urges MPR to elect state leaders carefully BAGU, West Nusa Tenggara (JP): Indonesia's largest Moslem organization Nahdlatul Ulama (NU) opened its national congress yesterday with a call for the election of the nation's president and vice president who will bring good to the nation.
Tue, 18 Nov 1997
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: Kecil itu Indah 5, by AD Pirous, Barli Sasmitawinata, Nana Bana and others, at Edwin's Gallery Jl. Kemang Raya No. 21, Kemang, South Jakarta, Monday to Friday, at 9 a.m. to 7 p.m., Saturday, 9 a.m. to 6 p.m., Sunday, 10 a.m. to 5 p.m.
Tue, 18 Nov 1997
S. Korea, RI sign loan deal
S. Korea, RI sign loan deal JAKARTA (JP): Indonesian Minister of Foreign Affairs Ali Alatas and South Korean Ambassador Hyung Ki Min signed two project agreements worth US$23.5 million here yesterday.One is for the US$20 million Manado bypass road project in North Sulawesi while the other is for...
Tue, 18 Nov 1997
Cibaduyut shoe industry's heyday is on the skids
Cibaduyut shoe industry's heyday is on the skidsBy Kafil Yamin BANDUNG (JP): Smart travelers with a head for making money once would not leave Bandung without buying several pairs of the well-known Cibaduyut shoes.
Tue, 18 Nov 1997
BCA run indicates crisis of confidence
BCA run indicates crisis of confidence Bank Central Asia (BCA) suffered a rush over the weekend following a rumor that its Singapore branch had been closed and that its founder and major shareholder, Liem Sioe Liong, had passed away. Banking analyst Laksamana Sukardi looks into the phenomenon.
Tue, 18 Nov 1997
Aiwa of Japan opens new audio plant in Bekasi
Aiwa of Japan opens new audio plant in Bekasi JAKARTA (JP): PT Aiwa Dharmala, a joint venture between Aiwa Co Ltd of Japan and the Dharmala Group, opened its audiovisual equipment factory in Bekasi, West Java, yesterday.
Tue, 18 Nov 1997
Latief queried over misuse of funds
Latief queried over misuse of funds JAKARTA (JP): Minister of Manpower Abdul Latief and the state- owned workers' social insurance company PT Jamsostek came under scrutiny yesterday for allegedly allocating Rp 7.1 billion (US$2.
Tue, 18 Nov 1997
Two face court on Ecstasy charges
Two face court on Ecstasy charges JAKARTA (JP): Two women were tried in separate sessions at West Jakarta District Court yesterday for taking Ecstasy at a discotheque.Prosecutor Rusmini said the defendants, identified as Yulia Suryani Dewi, 28, and Sari Benah, 40, were arrested on Aug.
Tue, 18 Nov 1997
Five members of banned group arrested
Five members of banned group arrested JAKARTA (JP): Bekasi Police have arrested five men who claim to be members of the banned Indonesian Islamic State (NII) movement in Pondok Gede.City police chief Maj. Gen.
Tue, 18 Nov 1997
Jamsostek ordered to help small firms
Jamsostek ordered to help small firms JAKARTA (JP): President Soeharto has instructed state-owned social insurance firm PT Jamsostek to allocate Rp 2 trillion (US$588 million) of its investment fund to small firms, and provide an additional $1 trillion for low-cost housing loans.
Mon, 17 Nov 1997
Nahdlatul Ulama begins final preparations for congress
Nahdlatul Ulama begins final preparations for congress BAGU, West Nusa Tenggara (JP): The Nahdlatul Ulama (NU) Moslem organization began final preparations for its congress here yesterday against the backdrop of activities held by NU rival factions.
Mon, 17 Nov 1997
Five former comfort women to sue Inten
Five former comfort women to sue Inten YOGYAKARTA (JP): Five former jugun ianfus, women forced into serving the sexual needs of Japanese troops during World War II, threatened Friday to sue Minister of Social Services Endang Kusuma Inten Soeweno over a compensation fund dispute.
Mon, 17 Nov 1997
Municipality urged to be more responsive to residents' needs
Municipality urged to be more responsive to residents' needs JAKARTA (JP): An urban expert urged the municipality Saturday to be more open-minded in dealing with several land-use alteration cases, including the one in Kemang, South Jakarta.
Mon, 17 Nov 1997
Money woes costs SE Asia $200 billion: Mahathir
Money woes costs SE Asia $200 billion: Mahathir KULIM, Malaysia (AFP): Malaysian estimates show that the recent currency depreciation had wiped about US$200 billion off the wealth of Southeast Asian nations, Premier Mahathir Mohamad said Saturday.
Mon, 17 Nov 1997
Sutoyoso says subway project to start in 1998
Sutoyoso says subway project to start in 1998 JAKARTA (JP): Governor Sutiyoso said yesterday that the city would start construction of the long-awaited subway project sometime next year, following the beginning of the three-tier transit system construction in February.
Mon, 17 Nov 1997
Railway line to be built
Railway line to be built PAREPARE, S. Sulawesi: A railway line linking Ujungpandang and Manado, the provincial capitals of South Sulawesi and North Sulawesi respectively, will be built to boost regional economic development, Antara reported Saturday.
Mon, 17 Nov 1997
Madeleine Albright visits Pakistan
Madeleine Albright visits Pakistan ISLAMABAD (Reuters): Anti-terrorist measures will be high on the agenda when U.S. Secretary of State Madeleine Albright arrives in Pakistan today, two days after the bodies of four American oilmen killed in an ambush were flown home.
Mon, 17 Nov 1997
Chirac starts visit to Malaysia
Chirac starts visit to Malaysia LANGKAWI, Malaysia (Reuters): Malaysian Prime Minister Mahathir Mohamad welcomed French President Jacques Chirac yesterday for a two-day working visit during which Mahathir was expected to raise his plans for new currency trading rules.
Mon, 17 Nov 1997
Tambang Timah's profit decreases
Tambang Timah's profit decreases JAKARTA (JP): Publicly listed PT Tambang Timah has announced a 10.26 percent drop in net profit to Rp 100.6 billion (US$29.58 million), or Rp 200 per share, to September this year from Rp 112.1 billion in the same period last year.
Mon, 17 Nov 1997
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Cartoon Film: The Big Valley 3:10 TV Drama: Termakan Isyu 3:35 Religious Teachings: Buddha 4:00 Regional News 4:30 Creative Program: Karya Tepat Guna 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Documentary: Pahlawan Nasional Raja Haji...
Mon, 17 Nov 1997
Jakarta stock prices to remain weak this weak
Jakarta stock prices to remain weak this weak JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) are expected to remain weak this week as worries about unfavorable third quarter results could further worsen market sentiment.
Mon, 17 Nov 1997
Worker crushed to death
Worker crushed to death JAKARTA (JP): A 24-year-old construction worker was crushed to death by a crane's platform loaded with heavy steel blocks Saturday evening in Cibitung, 45 kilometers east of here.
Mon, 17 Nov 1997
Armed robbery remains mystery
Armed robbery remains mystery TANGERANG (JP): Local police detectives are still in the dark about the recent shooting of a goldsmith trader, who was also a used car broker, by two men in front of the victim's house in Karawaci.
Mon, 17 Nov 1997
Two tribesmen beaten to death
Two tribesmen beaten to death JAMBI: Two Kubu tribesmen living in the Sei Ruan Ilir village next to the Batanghari river here were beaten to death in a brawl late last month.Yusuf Kacai, the head of the village some 150 kilometers west of Jambi, told Antara Saturday that it was the first brawl ever...
Mon, 17 Nov 1997
Center for tropical fruit opens in Bogor
Center for tropical fruit opens in Bogor BOGOR (JP): Bogor Institute of Agriculture rector Soleh Solahuddin opened a new center for tropical fruit studies here Saturday.He said the operation of the new center was part of the institute's efforts to participate in the development of national fruit...
Mon, 17 Nov 1997
House asks 'TVRI' for live coverage of Mar'ie
House asks 'TVRI' for live coverage of Mar'ie JAKARTA (JP): The House of Representatives has officially asked the state-owned television station TVRI to broadcast its hearing with Minister of Finance Mar'ie Muhammad live tomorrow, an official of the House said over the weekend.
Mon, 17 Nov 1997
There must be more than one VP candidate: Academician
There must be more than one VP candidate: Academician JAKARTA (JP): Political scientist Maswadi Rauf of the University of Indonesia has suggested that the People's Consultative Assembly (MPR) and the elected president offer more than one vice presidential candidate, but asked them to show wisdom in...
Mon, 17 Nov 1997
Networking in Asia, the West
Networking in Asia, the WestBy Peter Verhezen This is the first of two articles exploring the concept of networking in Asian and Western communities. JAKARTA (JP): In an Aug. 25, 1997 article in this paper, Bob Widyahartono addressed the issue of Asian networking resulting from the establishment of...
Mon, 17 Nov 1997
Last ditch putt brings win for Pena in Malaysia
Last ditch putt brings win for Pena in Malaysia KUALA LUMPUR (AFP): American Christian Pena sank a five feet putt with pressure mounting on the last hole to beat Taiwan's Hsieh Yu-shu to the Masters of Malaysia title here yesterday.
Mon, 17 Nov 1997
New printing technologies focus on speed and quality
New printing technologies focus on speed and qualityBy Zatni Arbi JAKARTA (JP): If the method by which printer makers label their products indicates anything, it wouldn't be easy to find the reasons behind any changes.
Mon, 17 Nov 1997
Calling off of EU-ASEAN summit surprises few
Calling off of EU-ASEAN summit surprises fewBy Stefan Klein SINGAPORE (DPA): As if European Union representatives needed another reason to avoid sitting down with representatives of Myanmar's military regime, the masters of Yangon came along with another timely example of their inability to change...
Mon, 17 Nov 1997
Draft on currency rules
Draft on currency rules KUALA LUMPUR (Reuters): Malaysia has completed a draft on regulating currency trading for discussion between ASEAN members before submission to the International Monetary Fund (IMF), the national Bernama news agency said on Saturday.
Mon, 17 Nov 1997
Suit against forestry minister adjourned
Suit against forestry minister adjourned PALU, Central Sulawesi: The first session of the lawsuit of PT Iradat Puri against the Forestry Minister and the Central Sulawesi provincial administration at the District Court in Palu was on Saturday adjourned until Nov. 25.
Mon, 17 Nov 1997
KL-U.S. trade ties unharmed
KL-U.S. trade ties unharmed KUALA LUMPUR (AFP): Malaysia's trade ties with the United States would not be harmed by a proposed U.S. resolution for Premier Mahathir Mohamad to apologize or resign over his remarks about Jews, a minister was reported saying Saturday.
Mon, 17 Nov 1997
The number two man
The number two man The five-yearly meeting of the People's Consultative Assembly (MPR), which will elect the republic's president and vice president, is only four months away. But just the same, most people are still reluctant to speak about the future national leadership.