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Tue, 08 Jul 1997
Schroder launches 2 mutual funds
Schroder launches 2 mutual funds JAKARTA (JP): PT Schroder Investment Management (SIM) Indonesia launched yesterday two open-end mutual funds -- Schroder-Panin Dana Mantap and Schroder-Panin Dana Prestasi -- to raise public funds.
Tue, 08 Jul 1997
Hotline service for parking
Hotline service for parking JAKARTA (JP): The City Parking Agency has opened a hotline at 475-7416 to field complaints from the public, an official said yesterday.Kamaludin, the municipality's spokesman, said that the hotline service was open from 8 a.m. to 9 p.m.
Tue, 08 Jul 1997
KL money group to go ASEAN
KL money group to go ASEAN KUALA LUMPUR (AP): The head of the Malaysian financial group Rashid Hussain Bhd. said the group plans to expand into all countries of the Association of Southeast Asian Nations.
Tue, 08 Jul 1997
Kalbe buys Woods brand
Kalbe buys Woods brand JAKARTA (JP): PT Kalbe Farma, a publicly listed pharmaceutical company, has spent US$14.4 million to buy Woods brand-name and business from W.E. Woods Pty Ltd and Woods Pharmaceutical Australia Pty Ltd, Kalbe said yesterday.
Tue, 08 Jul 1997
Wiranto joins Army Special Force
Wiranto joins Army Special Force JAKARTA (JP): The newly promoted Army Chief of Staff Gen. Wiranto became an honorary member of the Army Special Force (Kopassus) after completing the force's basic training yesterday.
Tue, 08 Jul 1997
Indonesia joins ASEAN concern over Cambodia
Indonesia joins ASEAN concern over Cambodia JAKARTA (JP): Indonesia expressed concern yesterday over the crisis in Cambodia and is mulling over suggesting a special ASEAN meeting to discuss the issue.After meeting with President Soeharto at Merdeka Palace, Ambassador-at-large Nana Sutresna said the...
Tue, 08 Jul 1997
TV today
TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Mooncat 3:00 News: Lintasan Berita 3:10 Teenagers' Program: Ramaja Indonesia 3:35 Education Program: Open University 4:00 Regional News 4:30 Teenagers' Drama: Kabar Terakhir dari Sanggar 5:00 English Lessons...
Tue, 08 Jul 1997
Bank Putra issues $25m notes
Bank Putra issues $25m notes HONG KONG (Reuter): Indonesia's PT Bank Putra Surya Perkasa is expected to launch a US$25 million floating rate certificates of deposit issue on Thursday, arranger AB Capital Markets (HK) said.The issue will be divided into two tranches.
Tue, 08 Jul 1997
Torajans told to preserve culture
Torajans told to preserve culture UJUNGPANDANG, South Sulawesi (JP): Tana Toraja regency should create new tourist attractions and preserve local indigenous culture if it wants to remain one of the country's top tourist destinations.
Tue, 08 Jul 1997
Bakrie ups FRN to $135m
Bakrie ups FRN to $135m HONG KONG (Reuter): Bakrie Indonesia B.V's floating rate note issue has been increased to US$135 million from US$125 million, arranger Sumitomo Finance Asia said.The deal is guaranteed by PT Bakrie Investindo.The facility has a final maturity of four years.
Tue, 08 Jul 1997
IM Ruben claims GM title, still needs to lift elo rating
IM Ruben claims GM title, still needs to lift elo rating JAKARTA (JP): IM Ruben Gunawan of Jakarta claimed the Grandmaster title in the final round of the Bali Jeff-RCA Grandmaster Chess Tournament on Sunday.Ruben claimed the GM title after drawing with IM Cerdas Barus and scoring 11.
Tue, 08 Jul 1997
Bank mergers
Bank mergers As a layman and citizen of our beloved republic, I have followed developments over the past 30 years concerning the availability of information in the media.A few years ago the Ministry of Finance issued a flood of licenses for about 130 new private banks.
Tue, 08 Jul 1997
BHP sees Indonesia as important target for expansion
BHP sees Indonesia as important target for expansion Broken Hill Proprietary Company Limited (BHP) is seeking more projects to expand its operations in Asia. Hendarsyah Tarmizi of The Jakarta Post and three other Asian journalists recently visited the Melbourne-based business group's iron ore...
Tue, 08 Jul 1997
Seven die in diarrhea outbreak
Seven die in diarrhea outbreak PADANG, West Java: At least seven people have died and dozens have been hospitalized since an outbreak of diarrhea hit southern Solok regency last Thursday, a local official said yesterday.
Tue, 08 Jul 1997
Dragagues wins $107m order
Dragagues wins $107m order HONG KONG (Reuter): Dragagues et Travaux Publics said yesterday its unit PT Dragagues Indonesia had won a US$107 million contract to design and build a four-tower residential complex in Jakarta.
Tue, 08 Jul 1997
State bank mergers to be finalized before next March
State bank mergers to be finalized before next March JAKARTA (JP): Minister of Finance Mar'ie Muhammad said here yesterday the state-owned bank merger process would be finalized before the next cabinet was formed next March."We don't want to burden the next finance minister with the merger problem.
Tue, 08 Jul 1997
Alleged pirates arrested
Alleged pirates arrested JAKARTA (JP): North Jakarta Police have arrested the alleged mastermind of last week's attack on a yacht anchored in Jakarta Bay, North Jakarta.City Police spokesman Lt. Col. E.
Tue, 08 Jul 1997
Energy Equity confirms major gas find in RI
Energy Equity confirms major gas find in RI MELBOURNE, Australia (AP): Energy Equity Corp. yesterday said testing at its Singa 1 gas well in Indonesia had confirmed a major gas discovery that could be in commercial production before the end of 1998.
Tue, 08 Jul 1997
Holiday scam
Holiday scam While shopping recently at Melawai Plaza, PT Vakansi Megah offered my wife the chance to a draw from which we could win a free four-day/three-night stay at their resort (airfares at our expense) in Candi Dasa, Bali.
Tue, 08 Jul 1997
Holidays to keep SE Asian rubber prices weak
Holidays to keep SE Asian rubber prices weak SINGAPORE (Reuter): Southeast Asian rubber prices are seen drifting lower this week on the back of the summer holiday season in Europe and the U.S. although some Chinese inquiries may limit the falls, dealers said yesterday."The market looks no good.
Tue, 08 Jul 1997
Govt may offer bridge project to new investors
Govt may offer bridge project to new investors JAKARTA (JP): The government may offer the Surabaya-Madura bridge project in East Java to other companies if investors now negotiating the US$250 million project do not meet its expectations, a senior official said here yesterday.
Tue, 08 Jul 1997
Lotte Group, BSD agree to tie up
Lotte Group, BSD agree to tie up JAKARTA (JP): Property developer PT Bumi Serpong Damai (BSD) and the Lotte Group of Korea have agreed to jointly build a hotel and a shopping and recreation center in Bumi Serpong Damai, Tangerang, about 25 kilometers west of Jakarta.
Tue, 08 Jul 1997
Legislator criticizes decree on religion
Legislator criticizes decree on religion JAKARTA (JP): A legislator complained yesterday that the 1969 joint ministerial decree on religious propagation had restricted some religious communities' freedom to worship.
Tue, 08 Jul 1997
Low-cost apartment designs on display
Low-cost apartment designs on display JAKARTA (JP): Designs by winners of a low-cost apartment design competition are on display till July 13 at an on-going housing exhibition.The designs at the Jakarta Convention Center in Central Jakarta include concepts on how to make high-rise living acceptable...
Tue, 08 Jul 1997
Malaysian banks told to expand globally
Malaysian banks told to expand globally KUALA LUMPUR (AFP): Malaysia's Deputy Prime Minister Anwar Ibrahim urged local banks yesterday to expand their networks in the global market to bolster their financial standing.
Tue, 08 Jul 1997
Drought hits rice farmers in two provinces
Drought hits rice farmers in two provinces SEMARANG (JP): Many rice producing areas in Java and Kalimantan have begun to feel the pinch of this year's drought which is expected to last until at least the end of October.
Tue, 08 Jul 1997
RI expects US$5.3b in new loans from CGI
RI expects US$5.3b in new loans from CGI JAKARTA (JP): Indonesia expects US$5.3 billion in new foreign loans this year from the Consultative Group on Indonesia (CGI) despite a possible reduction in aid from Japan, a senior minister said.
Tue, 08 Jul 1997
Robusta coffee futures nudges down after firm start
Robusta coffee futures nudges down after firm start LONDON (Reuter): Robusta coffee futures nudged lower by midsession yesterday after a firm start with values coming under renewed pressure from fresh origin hedge selling, traders said.
Tue, 08 Jul 1997
Body found in hotel
Body found in hotel JAKARTA (JP): A body of a man was found yesterday in a room of a hotel on Jl. Pramuka, Central Jakarta.A police sergeant at Central Jakarta Police precinct said the body of Edi Sulaiman, 40, was found by an employee in a room of the hotel at about 6 a.m.
Tue, 08 Jul 1997
Van der Horst to build oil pipeline in Bali
Van der Horst to build oil pipeline in Bali SINGAPORE (AFP): Singapore-based engineering firm Van der Horst Ltd. announced yesterday that it had received an Indonesian turnkey contract to build a US$75.2 million oil pipeline in Bali.
Tue, 08 Jul 1997
Complaints on govt services increase
Complaints on govt services increase JAKARTA (JP): President Soeharto said yesterday that public complaints about government services were rising faster than those about the private sector.While opening a three-day seminar on bureaucratic reform at the State Palace, the President said that low...
Tue, 08 Jul 1997
560 families to be resettled
560 families to be resettled DILI, East Timor: Five hundred and sixty families from local and other islands will be settled in East Timor in three transmigration sites, the local transmigration office's chief said here yesterday.L.
Tue, 08 Jul 1997
Pakpahan seeks treatment abroad through rights body
Pakpahan seeks treatment abroad through rights body JAKARTA (JP): The Indonesian Prosperous Labor Union has asked the National Commission on Human Rights to help its jailed leader, Muchtar Pakpahan, get medical treatment abroad.
Tue, 08 Jul 1997
Man held for beating cop
Man held for beating cop JAKARTA (JP): A man who claimed to be a lawyer was arrested Saturday for beating a traffic policeman in Bekasi, police said yesterday.City Police spokesman Lt. Col. E. Aritonang said that Chief Corporal Warsono was still undergoing medical treatment at Bekasi Hospital for...
Tue, 08 Jul 1997
Govt slashes tariffs, taxes and levies
Govt slashes tariffs, taxes and levies JAKARTA (JP): The government has cut import tariffs on 1,600 items, slashed the number of local taxes and fees, banned new loans for land acquisition and development, and allowed imports of used cargo and fishing vessels.
Tue, 08 Jul 1997
Residents protest intimidation
Residents protest intimidation JAKARTA (JP): Around 50 residents of Plumpang, North Jakarta, went to the National Commission of Human Rights yesterday reporting "intimidation" by a private company.Representatives said the firm, PT Pangsetuluhur, had allegedly started constructing a building and...
Tue, 08 Jul 1997
Five more firms join investment of N. Jakarta
Five more firms join investment of N. Jakarta JAKARTA (JP): The municipality signed a memorandum of understanding with five private investors yesterday for the reclamation of the North Jakarta coast and revitalization of Sunda Kelapa port in North Jakarta.
Tue, 08 Jul 1997
Seminar on hotel, restaurant
Seminar on hotel, restaurant JAKARTA (JP): The Indonesian Hotel and Restaurant Association's Jakarta chapter will hold its quadrennial general assembly and a seminar on "strategies to improve services in the free trade era" next Monday.Chairman Arman R.
Tue, 08 Jul 1997
New reform package
New reform package Judging by its coverage, the new reform package, which was announced yesterday after several delays, is something that was really worth waiting for. The measures, covering the real sectors of the economy as well as fiscal and monetary areas, are not largely the tinkering of...
Tue, 08 Jul 1997
Crisis strife opens old wounds
Crisis strife opens old woundsBy J. Soedjati Djiwandono JAKARTA (JP): The present crisis in Cambodia has put it on the brink of another civil war. But this is an understatement. It is, in fact, already in the middle of a civil war, with fighting raging for several days between the forces of first...
Tue, 08 Jul 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 7, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,275 0 48,000 AHAP Insurance 2,900 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 1,225 -25 2,770,500...
Tue, 08 Jul 1997
Where to go in Jakarta:
Where to go in Jakarta:Music * Jamz, Jl. Panglima Polim Raya. No. LMN 11, South Jakarta, at 9.30 p.m. to 1 a.m.: Harvey M, Benny L & Co, Monday. Benny L & Co, Dixie Night, Tuesday. Indra, Jamz Session, Wednesday. Wachdach Band, Thursday. Embong R and Audensi Band, Friday.
Tue, 08 Jul 1997
U.S., S'pore navies in joint exercise
U.S., S'pore navies in joint exercise SINGAPORE (AFP): The U.S. and Singapore navies launched joint exercises yesterday to promote cooperation against mine warfare and boost their readiness to protect international shipping, officials said.
Tue, 08 Jul 1997
The right school
The right school I recently received the Jakarta Post Lifestyle 1997 and want to thank you for its release. The responsible team has certainly scored a hit just as The Jakarta Post has generally done for the last 14 years.
Tue, 08 Jul 1997
Asian motorists enjoy cheaper petrol amid glut
Asian motorists enjoy cheaper petrol amid glut SINGAPORE (Reuter): Motorists in Asia are benefiting from falling petrol prices as oil companies fight for market share amid falling international prices, industry sources said on Monday.
Tue, 08 Jul 1997
Poverty, erosion threaten famed RP rice terraces
Poverty, erosion threaten famed RP rice terracesBy David Thurber BANAUE, Philippines (AP): Since a landslide washed away their land high in Banaue's stunning rice terraces, Antonia Kindipan has earned a small income helping her neighbors farm while her husband has left to work in another province.
Tue, 08 Jul 1997
278 land disputes reported in 1997/98
278 land disputes reported in 1997/98 JAKARTA (JP): Two hundred and seventy-eight land disputes have been reported to the government so far in the 1997/1998 fiscal year, State Minister of Agrarian Affairs Soni Harsono told the House of Representatives yesterday.
Mon, 07 Jul 1997
Singapore to unveil pro-business budget
Singapore to unveil pro-business budget SINGAPORE (Reuter): Finance Minister Richard Hu will unveil a generally pro-business budget on Friday with few surprises, analysts said."I'm not expecting any surprises," Jimmy Koh, regional economist at I.D.E.A, told Reuters.
Mon, 07 Jul 1997
The so-called Millennium Bug: Is it really a threat?
The so-called Millennium Bug: Is it really a threat?By Zatni Arbi JAKARTA (JP): My three-year-old Pentium 90 MHz PC has been sitting here on the desk right behind me for quite some time.I haven't had a chance to re-install the programs I used to run on it since the last time its hard disk was...
Mon, 07 Jul 1997
Coca-Cola's Indian unit
Coca-Cola's Indian unit NEW DELHI (AFP): India cleared a plan by Coca-Cola Co. to invest 700 million dollars and set up two fully-owned subsidiaries, a government spokesman said Saturday."The company has said it would sell off 49 percent of shares in the subsidiaries to Indian shareholders within a...