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Thu, 19 Jun 1997
Indorayon buys Kemira
Indorayon buys Kemira JAKARTA (JP): Asia Pacific Forest Products Ltd., a subsidiary of PT Inti Indorayon Utama (Indorayon) has acquired 100 percent of the shares of Finnish viscose fiber producer Kemira Fibers Oy.Indorayon director Brett G.
Thu, 19 Jun 1997
No plan to build apartment on soccer field
No plan to build apartment on soccer field JAKARTA (JP): Governor Surjadi Soedirdja toned down fears yesterday that a soccer field, a rare thing in the city, would have to make way for an apartment project.
Thu, 19 Jun 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 18, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,550 -25 68,500 AHAP Insurance 2,675 0 0 Alter Abadi 1,050 50 4,000 Alumindo Light Metal 1,125 0 325,000...
Thu, 19 Jun 1997
New traffic system in Slipi
New traffic system in Slipi JAKARTA (JP): Motorists passing through the Slipi area are now subject to a one-way system in a bid to reduce congestion.Traffic from Jl. Slipi Dalam is directed to Jl. Slipi 1 and Jl. Slipi 2.Chief of the City Land Transportation Agency, J.P.
Thu, 19 Jun 1997
Expert downplays promise of biotechnological drugs
Expert downplays promise of biotechnological drugs JAKARTA (JP): A United Nations organization special advisor cautioned yesterday about the dangers of medicines derived from natural resources using biotechnology.
Thu, 19 Jun 1997
Expensive parking in Bandung
Expensive parking in BandungFrom Pikiran RakyatI agree with Laniana Dachlan's opinion published in Pikiran Rakyat (June 6) about expensive parking fees in Bandung. Parking fees are higher in Bandung than in other cities.
Thu, 19 Jun 1997
PDI, PPP earn more seats
PDI, PPP earn more seats MEDAN: The United Development Party's (PPP) and Indonesian Democratic Party's (PDI) North Sumatra chapters earned one more seat each in the provincial legislative council when the election results were endorsed here Tuesday.
Thu, 19 Jun 1997
Land of the free is not open to all visa applicants
Land of the free is not open to all visa applicantsBy Laura Myers WASHINGTON (AP): Everybody has a story. The Indonesian couple who canceled a U.S. vacation when only the wife got a visa, the Australian barred from the land of the free because he didn't have a job, the elderly Indian woman who...
Thu, 19 Jun 1997
PDI and PPP cold shoulder Golkar vote offer
PDI and PPP cold shoulder Golkar vote offer JAKARTA (JP): The prospect of the Indonesian Democratic Party (PDI) being given more seats in the House of Representatives faded yesterday as it and the United Development Party (PPP) failed to warm to the plan.
Thu, 19 Jun 1997
Bank debts dent confidence in Vietnam
Bank debts dent confidence in VietnamBy John Chalmers HANOI (Reuter): Confidence in Vietnam's ability to honor its financial commitments has slumped following a string of defaults by the country's cash-strapped commercial banks on millions of dollars of loan guarantees.
Thu, 19 Jun 1997
RI copper demand may rise strongly
RI copper demand may rise strongly SINGAPORE (Reuter): Indonesia's copper consumption is seen rising strongly over the next few years due to robust demand in the construction, power and communication sectors, a leading domestic cable maker said.
Thu, 19 Jun 1997
Japan's trade surplus expands 72.8% to $5.1b
Japan's trade surplus expands 72.8% to $5.1b TOKYO (AFP): Japan's trade surplus with the rest of Asia expanded 72.8 percent from a year earlier to 578.0 billion yen (US$5.1 billion) in May, the finance ministry said yesterday.
Wed, 18 Jun 1997
Interactive TV for hotel
Interactive TV for hotel JAKARTA (JP): TRB Group, a private computer systems firm, introduced here yesterday an interactive TV system designed to improve hotels' services.The Group's managing director, Yanti Riawati, said the system, dubbed GuestServe, was the latest in multimedia systems in the...
Wed, 18 Jun 1997
IPTN undeterred by mergers of giant firms
IPTN undeterred by mergers of giant firmsBy Endy M. Bayuni PARIS (JP): PT IPTN President B.J. Habibie said yesterday he was confident about the future of Indonesia's aircraft industry in spite of planned mergers of the world's giant plane makers.
Wed, 18 Jun 1997
Hartarto keeps door open to petrochemical investments
Hartarto keeps door open to petrochemical investments JAKARTA (JP): Coordinating Minister for Production and Distribution, Hartarto, said here yesterday that Indonesia still had openings for investment in the petrochemical sector, but he warned of increasingly tougher competition.
Wed, 18 Jun 1997
RP painter shows classic works
RP painter shows classic works JAKARTA (JP): Filipino painter Linda Marie Tabios will display some of her classic oriental works in a one-day exhibition at the Grand Hyatt Hotel on Monday.A presentation by Director General of Culture Edi Sedyawati will be held at 6:30 p.m.
Wed, 18 Jun 1997
Texmaco buys British clothes manufacturer
Texmaco buys British clothes manufacturer LONDON (JP): Indonesia's textile manufacturer Texmaco Group has ended months of speculation surrounding the future of the British clothing manufacturing company S R Gent by taking it over for US$48 million.
Wed, 18 Jun 1997
Novus stops Singa drilling
Novus stops Singa drilling MELBOURNE (Reuter): Australia's Novus Petroleum Ltd said yesterday the joint venture partners in the Singa-1 exploration well on the Indonesian island of Sumatra had decided to stop drilling short of the well's target depth.
Wed, 18 Jun 1997
National pride
National prideFrom MerdekaThe Royal Nusantara Festival II, which will be held from July 1 to July 7, 1997 in Cirebon, West Java, is an effort to preserve one of the nation's cultural assets. We therefore hope that the festival will be conducted in the most splendid manner.
Wed, 18 Jun 1997
GSM-XL bills can be paid at BCA ATMs
GSM-XL bills can be paid at BCA ATMs JAKARTA (JP): PT Excelcomindo Pratama, which operates the GSM- XL cellular system, signed an agreement with Bank Central Asia (BCA) yesterday that allows its customers to pay their bills at the banks' Automatic Teller Machines (ATMs).Excelcomindo's president Y.W.
Wed, 18 Jun 1997
Where to go in Jakarta:
Where to go in Jakarta:Music * Hotel Horison, Jl. Pantai Indah, Taman Impian Jaya Ancol, North Jakarta: - The Anging Mamiri Garden: Fantastic Group from Philippines, Ever Green Hawaiian Band/Orkes Keroncong, Hula-hula Dances, every Saturday Night, 7 p.m. to 10:30 p.m.
Wed, 18 Jun 1997
KL Games organizer rebuts criticism by federal ministers
KL Games organizer rebuts criticism by federal ministers KUALA LUMPUR (AFP): The organizing committee of the 1998 Commonwealth Games in Malaysia in remarks published yesterday rebutted criticism by federal ministers after the shock resignation of its chairman.In a statement, SUKOM Ninety Eight Bhd.
Wed, 18 Jun 1997
DASA-RI airport deal
DASA-RI airport deal PARIS (DPA): Daimler-Benz Aerospace (DASA) announced yesterday in Paris that it has won an order to upgrade and modernize 21 airports in Indonesia.DASA, divulging the development at the 42nd International Aviation Show at Le Bourget, put the value of the deal at US$15.5 million.
Wed, 18 Jun 1997
Parties given eight more days to trade votes
Parties given eight more days to trade votes JAKARTA (JP): The General Elections Committee has given the three parties eight more days to decide whether they will trade votes to increase the number of seats in the House of Representatives won by the Indonesian Democratic Party (PDI).
Wed, 18 Jun 1997
Dollar drops below 113 yen in Tokyo
Dollar drops below 113 yen in Tokyo TOKYO (AFP): The dollar temporarily plunged below 113 yen here yesterday amid caution on the eve of the release of Japanese trade data, dealers said."Even if the surplus is within the expected range, it will likely trigger renewed buying of the yen," a credit...
Wed, 18 Jun 1997
Parties endorse election results in East Java
Parties endorse election results in East Java SURABAYA (JP): The three parties' East Java chapters endorsed election results yesterday to seal the allocation of seats in the provincial legislative council.
Wed, 18 Jun 1997
Officials defend action against vocational scholl
Officials defend action against vocational scholl JAKARTA (JP): A senior official denied yesterday that his office had not informed 21 vocational schools of poor performance before asking them to stop receiving new students this year.
Wed, 18 Jun 1997
Publishers seek ways to cut down book piracy
Publishers seek ways to cut down book piracy JAKARTA (JP): Cutting prices is the best way to combat literary piracy which is pushing local publishers to the brink of bankruptcy, a publisher said yesterday.
Wed, 18 Jun 1997
Indonesians triumphant in world boat race
Indonesians triumphant in world boat race JAKARTA (JP): Indonesia's traditional boat racing team has won "The Best Nation" title at the Second World Dragon Boat Championships.Indonesia won six gold medals and one silver medal from eight events at the championships, held on Hong Kong's Shing Mun...
Wed, 18 Jun 1997
Golkar's surplus votes
Golkar's surplus votesFrom Media IndonesiaGolkar should reconsider its plan to "give" its surplus of votes in the 1997 general election to the Indonesian Democratic Party (PDI).It is not Golkar's right to arbitrarily give its surplus of votes to another side which is not entitled to them.
Wed, 18 Jun 1997
Rupiah seen to remain attractive
Rupiah seen to remain attractive JAKARTA (JP): Bank Indonesia's Governor J. Soedradjad Djiwandono said yesterday the government would continue to depreciate the rupiah against the U.S. dollar to a level which could boost Indonesia's export performance.
Wed, 18 Jun 1997
Bunas Finance wants 66% profit hike
Bunas Finance wants 66% profit hike JAKARTA (JP): Publicly listed PT Bunas Finance Indonesia wants a 66 percent net profit increase this year, to Rp 55 billion from Rp 33.1 billion in 1996.President of the firm, Francis Lay Sioe Ho, said it had posted a 134 percent increase in net profit to Rp 9.
Wed, 18 Jun 1997
Biotechnology may 'spell disaster'
Biotechnology may 'spell disaster' JAKARTA (JP): Biotechnology may improve people's welfare but misusing it will spell disaster, President Soeharto warned yesterday.Biotechnology promises to overcome disease, pollution, destruction of biodiversity, food shortages, energy crises and other problems.
Wed, 18 Jun 1997
PDI's defeat
PDI's defeatFrom JayakartaA headline in Jayakarta (June 7) read: 'Mega tentang kekalahan telak PDI, kalau masih hidup Bung Karno pun prihatin' (Mega on PDI's flat defeat. If Bung Karno were still alive he, too, would be very sad).
Wed, 18 Jun 1997
Family day in N. Sumatra
Family day in N. Sumatra JAKARTA: This year's National Family Day will be on June 29, with the highlight being a ceremony in Binjai, North Sumatra, presided by President Soeharto.State Minister of Population Haryono Suyono said here Monday that the event would be significant in the national...
Wed, 18 Jun 1997
Police urged to improve image
Police urged to improve image JAKARTA (JP): The police force has to work hard to improve its image which has been tarnished by the conduct of individual personnel, a communication expert said yesterday.
Wed, 18 Jun 1997
The Crocodile Coup
The Crocodile CoupBy Djanwar Madjolelo JAKARTA (JP): Alfred Sheinwold was a Briton who became one of America's leading bridge writers, he died in Los Angeles on March 8, 1997, aged 85.He was born in London in 1912 but emigrated during his youth, graduating from the City College of New York in 1933.
Wed, 18 Jun 1997
Thailand's foreign currency rating cut
Thailand's foreign currency rating cut TOKYO (AFP): The Japan Bond Research Institute downgraded yesterday Thailand's long-term foreign currency rating, affecting 90 billion yen (US$800 million) worth of samurai bond issues.
Wed, 18 Jun 1997
Bakrie Finance Corporation to raise stake in Bank Nusa
Bakrie Finance Corporation to raise stake in Bank Nusa JAKARTA (JP): Publicly listed PT Bakrie Finance Corporation (BFC) plans to increase its stake in PT Bank Nusa Internasional to 82 percent from 47 percent as part of its restructuring program.
Wed, 18 Jun 1997
Thai LNG delay raises question on Mideast gas
Thai LNG delay raises question on Mideast gas BANGKOK (Reuter): Thailand has started to raise questions about the need to buy liquefied natural gas (LNG) from the Middle East while companies in Asia are increasingly finding more gas reserves, analysts said yesterday.
Wed, 18 Jun 1997
CMNP to raise Rp 500b from rights shares
CMNP to raise Rp 500b from rights shares JAKARTA (JP): Publicly listed toll road operator PT Citra Marga Nusaphala Persada (CMNP) will issue rights shares next month at a ratio of one to one to raise about Rp 500 billion (US$208.33 million).
Wed, 18 Jun 1997
Eradicating of corruption is 'impossible'
Eradicating of corruption is 'impossible' JAKARTA (JP): Eradication of corruption is impossible, State Minister of Administrative Reforms T.B. Silalahi said yesterday.He told a discussion on future leaders that corruption was impossible to eradicate because it was common throughout the world.
Wed, 18 Jun 1997
Spotlight
SpotlightPhoto A: LippoJP/alxLIPPO LEADERS: Top executives of PT Lippo Cikarang gather before a meeting announcing the property company's plan to sell shares to the public. In attendance at last Thursday's meeting at the Shangri-la Hotel in Jakarta were (left to right) commissioners Ferry Sonnevile...
Wed, 18 Jun 1997
Many stranded as Bogor, Jakarta drivers strike
Many stranded as Bogor, Jakarta drivers strike JAKARTA (JP): Jakarta and Bogor public transportation passengers became victims of yet more strikes yesterday, as thousands were forced to walk long distances.
Wed, 18 Jun 1997
Man killed in Central Jakarta
Man killed in Central Jakarta JAKARTA (JP): Police have arrested three men for allegedly beating and stabbing a man to death and dumping his body in a Central Jakarta river.City Police Spokesman Lt. Col. E.
Wed, 18 Jun 1997
People await Serpong-Jakarta toll road
People await Serpong-Jakarta toll road JAKARTA (JP): Both residents and employees in Tangerang regency are looking forward to the completion of a 13.1-kilometer Serpong-Jakarta toll road project that started in 1992.
Wed, 18 Jun 1997
RP may buy JAS 39 Gripens
RP may buy JAS 39 Gripens STOCKHOLM (AFP): The Philippine government is interested in buying the Swedish JAS 39 Gripen jet fighter following talks between the Philippines and the manufacturing consortium, the Swedish financial newspaper FinansTidningen said yesterday.
Wed, 18 Jun 1997
Vote rigging still exists in 1997 general election
Vote rigging still exists in 1997 general electionBy Cornelis LAY YOGYAKARTA (JP): In comparison with earlier general elections conducted under the New Order, the recent election showed some significant improvements.
Wed, 18 Jun 1997
HK lifts ban on Garuda A330 flights
HK lifts ban on Garuda A330 flights HONG KONG (Reuter): Hong Kong's Civil Aviation Department said yesterday it had lifted a ban imposed on May 26 on flights operated by Garuda Indonesia using Airbus A330 aircraft.
Wed, 18 Jun 1997
Surya Toto to expand its markets
Surya Toto to expand its markets JAKARTA (JP): PT Surya Toto Indonesia, a Japanese-Indonesian joint venture manufacturing sanitary products and fittings, is expanding its export markets to include Australia, Myanmar, Qatar, the United Arab Emirates and Saudi Arabia, its president said.