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Wed, 21 May 1997
Matahari's profits up 89%
Matahari's profits up 89% JAKARTA (JP): Publicly listed retailer PT Matahari Putra Prima reported a net profit of Rp 41.3 billion (US$17 million) during the first semester of this year, an 89 percent increase over the same period of last year.
Wed, 21 May 1997
Campaign schedule for Indonesia for May 21, 1997:
Campaign schedule for Indonesia for May 21, 1997: Party Campaign area Important campaigners --------------------------------------------------------------- PPP Sumatra, Bali, East and Ismail Hasan Metareum, Aisyah Amini, West Nusa Tenggara, Hamzah Haz, Ali Hardi Kiaidemak, East Timor Muhammad Buang...
Wed, 21 May 1997
Military suspects PRD role in unrest
Military suspects PRD role in unrest JAKARTA (JP): The Armed Forces (ABRI) suspects the outlawed Democratic People's Party (PRD) of orchestrating some of the election campaign violence.Various parties, including PRD, are using the campaign period to further their political ends, including to foil...
Wed, 21 May 1997
Capital increase no problem for insurance firms
Capital increase no problem for insurance firms JAKARTA (JP): An increase in paid-up capital in the insurance industry will not pose problems for local insurance firms, an insurance executive said yesterday.
Wed, 21 May 1997
BPS to launch mortgage-backed securities
BPS to launch mortgage-backed securities JAKARTA (JP): Publicly listed Bank Papan Sejahtera (BPS) plans to launch Indonesia's first ever mortgage-backed securities of about US$100 million through the Jakarta Stock Exchange.
Wed, 21 May 1997
Knife-wielder nabbed near Ramos
Knife-wielder nabbed near Ramos MANILA (AFP): Police in the southern Philippine city of Iligan yesterday arrested a man carrying a knife who attempted to approach President Fidel Ramos, the presidential palace said, denying he had tried to stab the Philippine leader.
Wed, 21 May 1997
Unggul plans acquisition
Unggul plans acquisition JAKARTA (JP): Publicly listed chemical firm PT Unggul Indah Corp said yesterday it planned to buy Singapore-based Salim Oleochemicals Pty Ltd for US$20 million.The company said it planned to ask shareholders' for their approval at a meeting on June 25.
Wed, 21 May 1997
Experts differ on sentence on pedophile
Experts differ on sentence on pedophile JAKARTA (JP): Experts said yesterday they basically agreed on the death sentence, but differed on the verdict handed down yesterday to Siswanto, alias Robot Gedek. He was found guilty of the sexual abuse and premeditated murders of 12 boys.
Wed, 21 May 1997
PPP chief Ismail promises political reforms if party wins
PPP chief Ismail promises political reforms if party wins JAKARTA (JP): The Moslem-based United Development Party (PPP) promised political reforms yesterday if it won the May 29 general election.Party chief Ismail Hasan Metareum said in a message to party members nationwide that the party would...
Wed, 21 May 1997
BI changes rules on bank ratings
BI changes rules on bank ratings JAKARTA (JP): Bank Indonesia, the central bank, has modified bank rating rules to improve the soundness of the country's 139 commercial banks.The new rules, issued on April 30, 1997, focus on capital, assets quality, management, earning and liquidity -- better known...
Wed, 21 May 1997
WTO chief wants early resolution of RI auto dispute
WTO chief wants early resolution of RI auto dispute MANILA (AFP): World Trade Organization (WTO) director-general Renato Ruggiero said yesterday he hoped for an early resolution of an auto complaint lodged before its dispute settlement mechanism against Indonesia.
Wed, 21 May 1997
New apartment topped off in Kelapa Gading
New apartment topped off in Kelapa Gading JAKARTA (JP): A new apartment building featuring small size apartments targeted at middle income residents will be ready for occupancy in December in Kelapa Gading Permai, North Jakarta, the developer said yesterday.
Wed, 21 May 1997
Cigarette vendor killed in Monas
Cigarette vendor killed in Monas JAKARTA (JP): A cigarette vendor was found dead with a stab wound to the stomach at National Monument Park, Central Jakarta early yesterday morning.Central Jakarta Police Chief Lt. Col. M.
Wed, 21 May 1997
Students protest local poll violence
Students protest local poll violence YOGYAKARTA (JP): Hundreds of Gadjah Mada University students staged a protest yesterday against violent election campaigning in this Javanese sultanate."The detention of 40 students of the Sunan Kalijaga State Institute of Islamic Studies (IAIN) was an arbitrary...
Wed, 21 May 1997
Bakrie to buy Bumi Modern
Bakrie to buy Bumi Modern JAKARTA (JP): Bakrie Capital Indonesia (BCI), a subsidiary of Bakrie and Brothers Group, plans to buy 25 percent of property developer PT Bumi Modern for Rp 27.84 billion (US$11.60 million) from its major shareholder, PT Asuransi Jiwa Bersama.
Wed, 21 May 1997
Canada's Bre-X to settle problems with workers
Canada's Bre-X to settle problems with workers JAKARTA (JP): Canada's Bre-X Minerals Ltd has assured the Indonesian government that it will honor its obligations to its 549 dismissed workers, including 15 expatriates, by the end of the month, Antara reported yesterday.
Wed, 21 May 1997
Licenses needed to run satellite service telephone
Licenses needed to run satellite service telephone JAKARTA (JP): The government will require any private firms linked with overseas satellite-based telephone operators to cooperate with the state-owned telecommunications firms if they want to offer the services in Indonesia.
Wed, 21 May 1997
More new trains for commuters
More new trains for commuters JAKARTA (JP): Residents of Greater Jakarta will have seven new sets of electric trains, an official from state-owned railway company Perumka said yesterday.Eddy Sasongko, Perumka's head of operations, told Antara yesterday that from November last year to this month the...
Wed, 21 May 1997
Albacos buys Aceh coffee
Albacos buys Aceh coffee JAKARTA (JP): Albacos Coffee California of the U.S. is to buy 1,000 tons of arabica coffee beans per month from Central Aceh, a local official said.The head of the Ministry of Industry and Trade's Aceh provincial office, Djamil Usman, said in Banda Aceh yesterday that the...
Wed, 21 May 1997
Soeharto warns of threat to national unity
Soeharto warns of threat to national unity JAKARTA (JP): President Soeharto warned yesterday of any disruptive conflicts which could tear down national unity.Speaking at the commemoration of National Awakening Day at the State Palace, Soeharto told the nation to be vigilant in anticipating the...
Wed, 21 May 1997
Nuclear nadir
Nuclear nadirFrom MerdekaThe Indonesian government has agreed to and legalized the ongoing Muria nuclear project in Central Java. This is despite its awareness of the high risk of explosion and the danger any contamination would pose to humans.
Wed, 21 May 1997
Where to go in Jakarta:
Where to go in Jakarta:Music * Dai-ichi Hotel, Jl. Senen Raya 135, Central Jakarta: - Morgan's 1072 Classic Disco: Lemon Tea Band/Time Motion Band, Tuesday, 9 p.m. to 12.30 a.m., Smart Band, Wednesday, 9 p.m. to 12.30 a.m., R and Co Band, Saturday, 9.30 p.m. to 1 a.m.
Wed, 21 May 1997
Golkar to continue campaigning in capital
Golkar to continue campaigning in capital JAKARTA (JP): Golkar's Jakarta chapter will proceed with localized indoor rallies today, despite yesterday's clashes in many parts of the capital.Chapter chairman Tadjus Sobirin said campaigning would proceed as planned but supporters would be advised not...
Wed, 21 May 1997
Police admit firing rubber bullets
Police admit firing rubber bullets JAKARTA (JP): Police in the Irian Jaya capital of Jayapura admitted yesterday to firing rubber bullets into a crowd which refused to disperse during an Indonesian Democratic Party (PDI) rally Monday, injuring four.
Wed, 21 May 1997
PPP threatens to mobilize genies
PPP threatens to mobilize genies PURBALINGGA, Central Java: Convinced that victory is nigh, United Development Party (PPP) activists threatened yesterday to summon genies to guard polling booths if poll rigging became apparent on May 29.
Wed, 21 May 1997
LL&E stablizes at flow rate of 4,500 bpd
LL&E stablizes at flow rate of 4,500 bpd NEW ORLEANS (Reuter): Louisiana Land and Exploration Co said Monday production from the Nelayan-1 discovery well in the KAKAP Production Sharing Contract, offshore Indonesia, has stabilized at a flow rate of about 4,500 barrels of oil per day.
Wed, 21 May 1997
A lesson from Abilio
A lesson from Abilio DILI: Governor Abilio Jose Osorio Soares threatened to dismiss a staff member from the Ministry of Industry and Trade office for his insincerity in participating in a ceremony to commemorate National Awakening Day yesterday.
Wed, 21 May 1997
Numerous fire victims see doctors for stress
Numerous fire victims see doctors for stress JAKARTA (JP): Dozens of residents in the Tanah Abang district, Central Jakarta, whose houses were ravaged by a fire Monday flocked to doctors yesterday for stress.
Wed, 21 May 1997
Humpuss internal acquisition
Humpuss internal acquisition JAKARTA (JP): A tanker company, PT Humpuss Sea Transport, plans to buy a majority stake in its sister company PT Humpuss Terminal Peti Kemas, which operates a container terminal at Jakarta's Tanjung Priok port, an executive said.
Wed, 21 May 1997
Sweden's Lindskog takes early lead in Bali Open
Sweden's Lindskog takes early lead in Bali OpenBy Robert Soelistyo NUSA DUA, Bali (JP): Nigerian-born Swede Stephen Atako Lindskog and Jakarta's Ilyasaak shared the early lead in the Bali Open Golf Championship by two strokes after each carded 3-under- par 69s at the Bali Golf and Country Club...
Wed, 21 May 1997
Jakarta rocked by more riots
Jakarta rocked by more riots JAKARTA (JP): More violence erupted in Jakarta yesterday when United Development Party (PPP) supporters staged street convoys despite the party's leaders' overnight decision to halt campaigning.
Wed, 21 May 1997
Golkar cannot make people vote: Habibie
Golkar cannot make people vote: Habibie UJUNGPANDANG, South Sulawesi (JP): Golkar cannot stop people abstaining from voting although it strongly disapproves of it, Golkar functionary B.J. Habibie said here yesterday.
Wed, 21 May 1997
PDI admirer climbs pylon
PDI admirer climbs pylon SEMARANG: Frustrated by Golkar's domination, a man has risked his life by climbing to the top of a 25-meter, high-voltage electricity pylon to fly an Indonesian Democratic Party (PDI) flag.
Wed, 21 May 1997
Where to go in Bandung:
Where to go in Bandung:Music and Entertainment * Horison Hotel, Jl. Pelajar Pejuang 45 No. 121, Maskumambang 8 Buah Batu: - Spec's Music Lounge and Karaoke, at 7 p.m. to 2 a.m., P&P Band and Flower Power Band, Wednesday, Saturday; Organist and Singer, daily.
Wed, 21 May 1997
Mobile phone users object to SEA Games 'donation'
Mobile phone users object to SEA Games 'donation' JAKARTA (JP): A poll of mobile phone owners has found that almost all of them object to paying the South East Asian (SEA) Games "donation".The poll, conducted by the Indonesian Consumers Foundation, found that only two percent of mobile phone owners...
Wed, 21 May 1997
Artha acquires local bank
Artha acquires local bank JAKARTA (JP): Artha Graha Group has acquired a majority share in Bank Arta Prima (BAP), Bisnis Indonesia daily reported yesterday.A banking source told the paper that the bank had underwritten commercial papers for two companies bearing the initials PT TGA and PT AF, which...
Wed, 21 May 1997
Toll road in Semarang
Toll road in Semarang JAKARTA (JP): A state-owned company will build a 9.56- kilometer toll road to connect southern and eastern Semarang, in Central Java, with an investment of Rp 156 billion (US$63.88 million), Antara reported yesterday.
Wed, 21 May 1997
S'pore to take on 'millennium bug'
S'pore to take on 'millennium bug' SINGAPORE (AFP): The Monetary Authority of Singapore (MAS) has told financial institutions to act against the "millennium bug" in computers to prevent major business disruptions, banking sources said yesterday.
Wed, 21 May 1997
Southeast Asian currencies to be traded on NYCE
Southeast Asian currencies to be traded on NYCE SINGAPORE (AFP): Four Southeast Asian currencies are to be traded on the New York Cotton Exchange (NYCE) next month as financial futures contracts, a senior exchange official was reported saying yesterday.The currencies to be traded against the U.S.
Wed, 21 May 1997
Lawyers comission seeks to help victims
Lawyers comission seeks to help victims YOGYAKARTA (JP): Muhajir, 55, was busily sewing a green flag with a star in the middle for the local United Development Party (PPP) branch last week when dozens of young, yellow-clad Golkar supporters entered his yard.
Wed, 21 May 1997
Reflecting on real source of present day upheavals
Reflecting on real source of present day upheavalsBy Rusdi Rukmarata JAKARTA (JP): Indonesian Buddhists join their brethren around the world tomorrow in marking the enlightenment of Buddha.Hopefully, the Buddhist faithful of this country -- one percent of a population of 200 million people -- will...
Wed, 21 May 1997
Buddhists celebrate Waisak
Buddhists celebrate Waisak JAKARTA (JP): The annual Waisak, or Buddha's Day of Enlightment, will be commemorated nationwide at the Borobudur temple tomorrow.According to the chairman of the organizing committee of Waisak Day, Budi Setiawan, activities started yesterday with the taking of holy water...
Wed, 21 May 1997
Robot gets death sentence
Robot gets death sentence JAKARTA (JP): The Central Jakarta District Court sentenced Siswanto, alias Robot Gedek, to death yesterday for the premeditated murder of 12 boys who he had also sodomized.Robot, 33, was found guilty of violating Article 65 of the Penal Code for the murders and sexually...
Wed, 21 May 1997
Japan blamed for Asia currency crisis
Japan blamed for Asia currency crisis HONG KONG (Reuter): Japanese monetary policy is likely to have been the main catalyst for recent speculative attacks on various Asian currencies, most notably the Thai baht, Deutsche Morgan Grenfell (DMG) said in a research report.
Wed, 21 May 1997
Lesson from baht crisis
Lesson from baht crisis The fierce speculative attack on the Thai baht last week seems to have ended in a bloodbath for speculators. Most analysts have hailed the joint intervention by several Asian central banks to rescue the baht as the first successful test of their repurchase agreements signed...
Wed, 21 May 1997
Junior soccer draw announced
Junior soccer draw announced JAKARTA (JP): The Indonesian Soccer Association drew the ties yesterday for the under 14 Nike International Premier Cup Asia Pacific at the Kartika Chandra Hotel yesterday.South Korea, China, Japan, Malaysia, Singapore, the Philippines and host Indonesia will compete in...
Wed, 21 May 1997
Palestinian envoy meets with Alatas
Palestinian envoy meets with Alatas JAKARTA (JP): Special envoy for the Palestinian executive committee, Asaad Abdulrahman, met with Indonesian Minister of Foreign Affairs Ali Alatas yesterday for an exchange of views and garner Jakarta's support for the Palestinian cause.
Tue, 20 May 1997
Severe cyclone batters Bangladesh coast, islands
Severe cyclone batters Bangladesh coast, islands CHITTAGONG (Reuter): A severe cyclone in the Bay of Bengal lashed the Bangladesh coast yesterday, demolishing homes in its path and forcing the evacuation of more than half a million people.
Tue, 20 May 1997
S. Asian states vow to intensify fight for prosperity
S. Asian states vow to intensify fight for prosperityBy Suzanne Goldenberg MALE: When the King of Bhutan's entourage came to the Maldives for a regional summit last week they flew from Thimpu to Bangkok, Bangkok to Singapore, Singapore to Colombo, and Colombo to the capital Male.
Tue, 20 May 1997
Minister denies travel advice
Minister denies travel advice SINGAPORE (AFP): Singapore is not discouraging its citizens from visiting Malaysia but some may feel unwelcome there after a recent diplomatic row, a senior cabinet member said in remarks published yesterday.