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Sat, 26 Jul 1997
Games consortium expects Rp 3b from PLN, Telkom
Games consortium expects Rp 3b from PLN, Telkom JAKARTA (JP): The 19th SEA Games consortium is expecting to receive Rp 3 billion (US$1.15 million) from sticker sales from state-owned PLN and PT Telkom.The consortium's business and promotion deputy, Enggartiasto Lukita, announced yesterday that PLN...
Sat, 26 Jul 1997
Bira fund investors up
Bira fund investors up JAKARTA (JP): PT Bira Aset Manajemen, which manages two open- end mutual funds Bira DanaSaham and Bira DanaObligasi, has gained about 500 new investors in the last two months to increase the number of investors to 1,261.
Sat, 26 Jul 1997
Bumi Serpong Damai has invested Rp 2 trillion to develop township
Bumi Serpong Damai has invested Rp 2 trillion to develop township JAKARTA (JP): Property company PT Bumi Serpong Damai (BSD) have invested about Rp 2 trillion (US$800 million) over the past nine years to develop a 6,000 hectare Bumi Serpong Damai township in Tangerang, West Java, the company said...
Sat, 26 Jul 1997
Body Shop holds seminar
Body Shop holds seminar JAKARTA (JP): The State Minister of Environment's office and cosmetic company Body Shop-Indonesia will host a one-day seminar at the Shangri-La Hotel on retail business roles in promoting environmental awareness on Monday.
Sat, 26 Jul 1997
Making Jakarta green
Making Jakarta greenFrom MerdekaI would like to suggest that useless trees like Acacia not be used for greenery purposes. I noticed that Acacias are planted in some Jakarta areas.To make Jakarta green is not done merely by planting any trees.
Sat, 26 Jul 1997
Limit on secretary-general term 'must be transparent'
Limit on secretary-general term 'must be transparent'By Santi WE Soekanto & Meidyatama Suryodiningrat PETALING JAYA (JP): Outgoing ASEAN Secretary General Dato Ajit Singh said it should be made transparent if member states want a secretary general to serve only one term.
Sat, 26 Jul 1997
E. Asia risks losing lure for investment
E. Asia risks losing lure for investment SINGAPORE (AFP): East Asia risks losing its attraction for foreign investors if the region relaxes corporate governance standards to spearhead capital market development, a conference was told yesterday.
Sat, 26 Jul 1997
Wahono says lip service won't combat corruption
Wahono says lip service won't combat corruption JAKARTA (JP): House Speaker Wahono said yesterday that the government campaign to combat corruption and collusion should not rest on words alone.Addressing legislators in closing the current House session, Wahono said that there was no call for...
Sat, 26 Jul 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 25, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,125 -25 85,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,050 0 141,000 Alumindo Light Metal 1,375 25...
Sat, 26 Jul 1997
Swiss Air to improve Garuda's info system
Swiss Air to improve Garuda's info system NUSA DUA, Bali (JP): The state-owned Garuda Indonesia Airlines and Atraxis Swiss Air have agreed on further tightening their partnership by jointly developing Garuda's information technology system.
Sat, 26 Jul 1997
Transplanted life of Jepara laborers at Grogol bridge
Transplanted life of Jepara laborers at Grogol bridgeBy Rebecca Mowbray and P.J. Leo JAKARTA (JP): Soerya is one of Indonesia's upwardly mobile. He is happy, making money, and is building a future for his family and for Jakarta.It does not matter to him that he lives under a highway bridge.
Sat, 26 Jul 1997
Maleo hit by delays
Maleo hit by delays JAKARTA: Indonesia's much-rumored and long-awaited Maleo national car is unlikely to see the light of day before early next year.Originally, the Industry Mobil Indonesia consortium, which now controls the development of Maleo, Timor and Bakrie vehicles, was hoping to show about...
Sat, 26 Jul 1997
Ambassador keeps on driving in India
Ambassador keeps on driving in IndiaBy Jay Shankar NEW DELHI (AFP): Some things remain quintessentially Indian. The Taj Mahal. Curries. The Ganges. The Ambassador car.Go anywhere in India and you will see the high-axled, pug- nosed Ambassador, a throwback to the 1940s, barging its way through the...
Sat, 26 Jul 1997
Fire destroys 144 kiosks in Kebon Kembang market
Fire destroys 144 kiosks in Kebon Kembang market BOGOR (JP): A fire has gutted 144 temporary kiosks erected after a fatal blaze at Bogor's ill-fated Kebon Kembang market last year.Ten shop employees were killed in the fire which destroyed hundreds of shops and the Ramayana department store on March...
Sat, 26 Jul 1997
Manila gets ING offer
Manila gets ING offer MANILA (AFP): The Central Bank of the Philippines said yesterday it had received an offer from ING Barings to underwrite a Euro note issue to bolster reserves depleted by its defense of the peso.
Sat, 26 Jul 1997
Asian central banks to boost cooperation
Asian central banks to boost cooperation SHANGHAI (Reuter): Asian central bankers wound up their meeting in Shanghai yesterday with a pledge to strengthen cooperation to assist members in making economic adjustments.
Sat, 26 Jul 1997
Highlights of ASEAN ministers' joint communique
Highlights of ASEAN ministers' joint communique KUALA LUMPUR (AFP): Herewith highlights of the joint communique issued by Association of Southeast Asian Nations (ASEAN) foreign ministers at the end of their annual meeting yesterday:On implementing the decisions of the first ASEAN informal summit in...
Sat, 26 Jul 1997
Partnership needed for health promotion
Partnership needed for health promotion JAKARTA (JP): The fourth International Conference on Health Promotion closed here yesterday, ending with a declaration on health promotion strategy toward the next century.
Sat, 26 Jul 1997
Military guards arrival of more E. Java soccer fans
Military guards arrival of more E. Java soccer fans JAKARTA (JP): More and more East Java soccer fans, a part of whom were netted on Thursday for causing trouble, ranging from extortion to stealing food, arrived yesterday to watch this weekend's National Soccer League tournament finals.
Sat, 26 Jul 1997
Hun Sen must heed ASEAN's message
Hun Sen must heed ASEAN's message Cambodian Foreign Minister Ung Huot must feel like a small boy who visits his neighbor's house just as guests are arriving for a party to which he has not been invited.
Sat, 26 Jul 1997
Man on trial for fraud
Man on trial for fraud JAKARTA (JP): A man, who claimed he was a business partner of a wealthy Brunei Darussalam businessman, was charged with fraud at Central Jakarta District Court yesterday.Businessman Iwan Hendra, 42, a resident of Petojo Barat, Central Jakarta, was accused of violating Article...
Sat, 26 Jul 1997
Two locals move to Governor Cup semis
Two locals move to Governor Cup semis JAKARTA (JP): A veteran and one of the country's best young players are the Indonesian representatives in today's semifinals of the Governor Cup Women's Satellite at the Kemayoran Tennis Center.
Sat, 26 Jul 1997
Mahathir declares verbal war on speculators
Mahathir declares verbal war on speculatorsBy Madhav Reddy KUALA LUMPUR (Reuter): If words could kill, Malaysian Prime Minister Mahathir Mohamad would have wiped out the speculators causing havoc in Southeast Asian currencies.
Sat, 26 Jul 1997
Soerjadi, Megawati and PDI: Facing the realities
Soerjadi, Megawati and PDI: Facing the realities The following is an interview by The Jakarta Post's Yogyakarta correspondent, Asip Agus H, with Gadjah Mada University political science lecturer, Cornelis Lay.
Sat, 26 Jul 1997
Washington wants peaceful solution to Cambodian crisis
Washington wants peaceful solution to Cambodian crisis PHNOM PENH: (Agencies): The United States called yesterday for a peaceful solution to the Cambodian crisis, to allow supporters of the country's ousted first premier to return home ahead of elections next year.U.S.
Sat, 26 Jul 1997
ASEAN central banks renew currency swap accord
ASEAN central banks renew currency swap accord SHANGHAI (Reuter): Central banks from the Association of South East Asian Nations (ASEAN) signed an agreement yesterday to renew a currency swap accord after a one-day meeting in Shanghai.
Sat, 26 Jul 1997
Two Jakartans study pollution
Two Jakartans study pollution JAKARTA (JP): Two Jakarta residents -- Soehatman Ramli and F.A. Gunawan -- have completed their studies in pollution at the University of California, the U.S.The two were enrolled at the University of California Berkeley Extension's Institute in Pollution and Control,...
Fri, 25 Jul 1997
Severino elected new ASEAN secretary-general
Severino elected new ASEAN secretary-generalBy Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): Ministers of the Association of Southeast Asian Nations (ASEAN) concluded their first day of meetings here yesterday by electing Filipino Rodolfo C.
Fri, 25 Jul 1997
Indonesian youth picked up at brothel
Indonesian youth picked up at brothel GOLD COAST, Australia (AP): A 15-year-old illegal immigrant from Indonesia was discovered working at a brothel in far northern New South Wales, an immigration officer said yesterday.
Fri, 25 Jul 1997
Salim's maneuvers
Salim's maneuvers Seen from the business history and stature of the politically well-connected tycoon Sudono Salim in Indonesia, the fire and, in some cases, emotionally nationalistic outbursts drawn by the latest corporate maneuver involving the publicly listed Salim Group companies -- Indocement...
Fri, 25 Jul 1997
Pertamina's capability to operate CPP queried
Pertamina's capability to operate CPP queried JAKARTA (JP): Oil company Medco Energy's president supported yesterday the government decision not to extend Caltex Pacific Indonesia's contract for the Coastal Plains Pakanbaru oil field after its 2001 expiry.
Fri, 25 Jul 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 24, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,150 25 31,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,050 0 28,500 Alumindo Light Metal 1,350 -25...
Fri, 25 Jul 1997
Where to go in Jakarta:
Where to go in Jakarta:Music * The Regent Hotel: Jl. Rasuna Said, Kuningan, South Jakarta: - Garden Terrace: Indonesia's Top Musicians, Friday and Saturday,, 9.30 p.m. to 1 a.m. - Pool Side: Sahata Vocal Group, Saturday, 6.30 p.m. to 9 p.m. * Holiday Inn Crowne Plaza, Jl. Gatot Subroto Kav.
Fri, 25 Jul 1997
Lippo Cikarang listed
Lippo Cikarang listed JAKARTA (JP): Urban developing company PT Lippo Cikarang, of the widely diversified Lippo Group, made its capital debut yesterday when listing its shares in the Jakarta Stock Exchange.
Fri, 25 Jul 1997
House okays yearly legislation plan
House okays yearly legislation plan JAKARTA (JP): The House of Representatives approved yesterday an annual legislation program to be delivered by the President during the State Budget plan.Syamsul Mu'arif, who chairs a special committee considering an amendment to the House internal rule, said...
Fri, 25 Jul 1997
Bira's profit up 67%
Bira's profit up 67% JAKARTA (JP): Publicly listed Bank Bira reported yesterday a 51 percent increase in its net profit for the first half of this year to Rp 40.8 billion (US$15.7 million) over the same period of last year.The bank said net interest income rose by 67 percent to Rp 87.
Fri, 25 Jul 1997
The Listening Post
The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * Downsizing has cut like the Angel of Death through management in Western firms, as fat, seemingly impregnable corporations...
Fri, 25 Jul 1997
National soccer league semifinals start today
National soccer league semifinals start today JAKARTA (JP): The 110,000-seat Senayan Stadium will again be the focus of soccer fans when four teams -- two from East Java, one each from West Java and South Sulawesi -- play the national soccer league semifinals today.
Fri, 25 Jul 1997
BII to enter Manila
BII to enter Manila MANILA (AFP): Bank Internasional Indonesia (BII) has received permission to set up a representative office in the Philippines, the Central Bank of the Philippines said here yesterday.
Fri, 25 Jul 1997
SE Asian health insurers face soaring costs
SE Asian health insurers face soaring costs KUALA LUMPUR (Reuter): A booming demand for health care services in Southeast Asia is threatening the long term stability of insurers who face soaring costs and rising claims, Industry executives said on Thursday.
Fri, 25 Jul 1997
Soldier elected council chief
Soldier elected council chief UJUNGPANDANG, South Sulawesi: Burhanuddin Ali from the Armed Forces faction was elected chief of the provincial legislative council yesterday amid students protest.Burhanuddin won 37 votes while his only rival, Hasan Saleh, from the dominant Golkar faction, received...
Fri, 25 Jul 1997
Indonesia franchise boosts Delifrance earning prospects
Indonesia franchise boosts Delifrance earning prospects SINGAPORE (Reuter): Delifrance Asia Ltd's expansion of its French-style cafes to Indonesia prompted analysts yesterday to revise upwards the company's earnings prospects."The impact is definitely going to be positive.
Fri, 25 Jul 1997
ASEAN and its future challenges
ASEAN and its future challengesBy Jusuf Wanandi PETALING JAYA, Malaysia (JP): On July 20 to July 23, 1997, ASEAN-Institutes of Strategic and International Studies (ASEAN- ISIS) held its second ASEAN congress in conjunction with ASEAN's 30th anniversary in Kuala Lumpur.
Fri, 25 Jul 1997
SE Asian buyers seek 350,000 tons of corn
SE Asian buyers seek 350,000 tons of corn SINGAPORE (Reuter): Southeast Asian buyers are believed to be seeking 350,000 tons of corn with Indonesia inquiring for 200,000 tons and Thai buyers awaiting government approval to purchase 150,000 tons, traders said yesterday.
Fri, 25 Jul 1997
GoldCorp-Antam deal
GoldCorp-Antam deal PERTH (Reuter): Australia's largest gold refiner, Gold Corporation, said on Thursday it concluded an equipment supply and technical consultancy agreement to upgrade PT Aneka Tambang's (Antam) Logam Mulia precious metals refinery in Jakarta.
Fri, 25 Jul 1997
Police prohibit planned celebration of July 27 riot
Police prohibit planned celebration of July 27 riot JAKARTA (JP): The National Police have prohibited Megawati Soekarnoputri loyalists from commemorating the first anniversary of the July 27 political riot in which five people were killed.Spokesman for the National Police Col.
Fri, 25 Jul 1997
36 Games athletes in Sicily for tryouts
36 Games athletes in Sicily for tryouts JAKARTA (JP): Indonesia's Southeast Asian (SEA) Games athletes will compete in five of the 10 events at the Universiade (Student Games) in Sicily, Italy, from Aug. 19 to Aug. 31.
Fri, 25 Jul 1997
Search for scapegoats as hot money flees Asia
Search for scapegoats as hot money flees AsiaBy Nick Cumming-Bruce BANGKOK: Another bad day for the Thai baht Wednesday threatened more turbulence for the currencies of its Southeast Asian neighbors, just as their club of tiger nations is celebrating its 30th anniversary by admitting two new...
Fri, 25 Jul 1997
Policeman jailed for torture
Policeman jailed for torture BANDUNG: A military court here Wednesday sentenced First Lt. Daniel Tifaona, 28, to nine months and 10 days in prison for the fatal torture of a robbery suspect.Tjetje Tadjudin, 42, had been named both a witness and a suspect in the armed robbery in which one person was...
Fri, 25 Jul 1997
House passes bill on narcotics with leniency on users
House passes bill on narcotics with leniency on users JAKARTA (JP): The House of Representatives endorsed yesterday a bill on narcotics which introduces lenient and heavy penalties.The bill, which will replace the 1976 narcotics law if it is enacted, retains a maximum sentence of death for...