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Sat, 06 Sep 1997
Safety systems required for all buildings
Safety systems required for all buildings JAKARTA (JP): The city will continue to take stern action against building owners who fail to equip their properties with proper fire protection systems, an officer said.
Sat, 06 Sep 1997
Asian investors seek safety in Australia
Asian investors seek safety in Australia SYDNEY (AFP): Nervous Asian investors moved to the relative safety of the Australian stock market yesterday, brokers said, pushing the local bourse higher amid turmoil in regional economies.
Sat, 06 Sep 1997
El Nino may bring famine to Papua New Guinea
El Nino may bring famine to Papua New Guinea PORT MORESBY (AFP): Up to a million people are facing starvation here because of severe drought and frosts caused by the El Nino weather phenomenon, Papua New Guinea's emergency services officials warned yesterday.
Sat, 06 Sep 1997
Proper regulation best answer to pressure: Tung
Proper regulation best answer to pressure: Tung SINGAPORE (Reuter): The best response to foreign economic pressure is proper regulation, Hong Kong Chief Executive Tung Chee Hwa said yesterday in the midst of market turmoil in Southeast Asia.
Sat, 06 Sep 1997
Stocks up, rupiah stable
Stocks up, rupiah stable JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) rose 11.28 percent and the rupiah remained stable below the psychological 3,000 level yesterday on the back of the new reform package announced Wednesday.
Sat, 06 Sep 1997
Malaysia has ample room for higher crude output
Malaysia has ample room for higher crude output SINGAPORE (Reuter): Malaysia has ample room to raise crude production by as much as 100,000 barrels per day (bpd), or 15 percent, in response to Prime Minister Mahathir Mohamad's call for more output.
Sat, 06 Sep 1997
Half of officials suffer heart disease
Half of officials suffer heart disease UJUNGPANDANG, South Sulawesi: Over half of the officials working at the city administration are said to be suffering from heart disease.Ujungpandang mayor HA Malik B Masry said after a medical checkup conducted by the provincial branch of the Indonesian Heart...
Sat, 06 Sep 1997
Rating cut seen for Thailand, Malaysia
Rating cut seen for Thailand, Malaysia NEW YORK (Reuter): Asian financial market turmoil would likely pull down the credit standing of Thailand, Malaysia and Korea, said John Seel, Asia economist at Bear Stearns.
Sat, 06 Sep 1997
House questions granting of new power project to CEPA
House questions granting of new power project to CEPA JAKARTA (JP): PT Consolidated Electric Power Asia (CEPA) Indonesia has been granted a new power project in Jepara, Central Java in a deal which some House of Representative members have questioned.
Sat, 06 Sep 1997
Asian monetary crises tests will to reform
Asian monetary crises tests will to reformBy Philippe Ries HONG KONG (AFP): Asia's monetary crises are testing the will of regional governments to pursue structural reforms, especially financial deregulation, economists have said.
Sat, 06 Sep 1997
Police foil shark fin smugglers
Police foil shark fin smugglers MERAUKE, Irian Jaya: Police at Mopa airport yesterday foiled an attempt to smuggle out 233 kilograms of shark fins worth some Rp 20 million (US$7,000).The shark fins were being transported through the airport in 10 cartons without appropriate documents.
Sat, 06 Sep 1997
Rp 17b loans for Anugerah Unggul
Rp 17b loans for Anugerah Unggul JAKARTA (JP): Publicly listed Bank Nusa Internasional and five other local banks agreed yesterday to provide Rp 17 billion (US$5.8 million) in syndicated loans to PT Anugerah Unggul Persada.
Sat, 06 Sep 1997
Houses of ashes: Expression of respect toward ancestors
Houses of ashes: Expression of respect toward ancestorsBy Listiana Operananta JAKARTA (JP): In the modern age, where most people are absorbed in their own lives and tend to increasingly forget their close relatives who have passed away, it is hard to fathom the existence of buildings used to offer...
Sat, 06 Sep 1997
Indonesia dominates c'ship
Indonesia dominates c'ship KUALA LUMPUR, Malaysia (AP): Indonesians dominated play at the Asian Badminton Confederation Championship Thursday, capturing five spots in the men's singles quarterfinals.China, Taiwan and Malaysia each had one player qualify.
Sat, 06 Sep 1997
Tapis crude sold at massive discount
Tapis crude sold at massive discount SINGAPORE (Reuter): Sentiment on the prompt Asian light crude market was bearish on news that a shosha had sold its September Tapis cargo at a very low level, traders said yesterday.
Sat, 06 Sep 1997
Scientist warns about drought, rupiah problems
Scientist warns about drought, rupiah problems YOGYAKARTA (JP): This year's prolonged drought, which coincides with the rupiah's sharp decline in value, is a serious national problem that may lead to dangerous ramifications if it does not end by the end of the year, a sociologist says.
Sat, 06 Sep 1997
20,000 Thai village headmen rally
20,000 Thai village headmen rally BANGKOK (AFP): About 20,000 Thai village headmen opposed to a new draft constitution being debated by lawmakers staged a peaceful rally in front of parliament here yesterday, police said.
Sat, 06 Sep 1997
Matsushita's new plant
Matsushita's new plant JAKARTA (JP): PT Matsushita Semiconductor Indonesia (MEI), jointly owned by the Japanese firms Matsushita Electronic Corp and Matsushita Electric Industrial Co, has officially opened its US$60 million semiconductor plant in Karawang, West Java.
Sat, 06 Sep 1997
Abducted villager found dead
Abducted villager found dead DILI, East Timor: A local resident, Carlito Maulaka, who was believed to have been abducted by separatist guerrillas on Sunday has been found dead with eight stab wounds to his body.His body was found 10 kilometers from where he was kidnapped inside a secluded cave.
Sat, 06 Sep 1997
China aims to improve ties with ASEAN
China aims to improve ties with ASEANBy Rizal Sukma JAKARTA (JP): Chinese Prime Minister Li Peng's recent visit to Malaysia and Singapore marked a further attempt by Beijing to forge closer ties with ASEAN countries.
Sat, 06 Sep 1997
Proof of foul play in woman death
Proof of foul play in woman death BANDAR LAMPUNG, Lampung: Legal organizations here pledged they would investigate the death of a female worker from the province who was working in Singapore.Director of the Bandar Lampung Legal Aid Foundation, Abi Hasan Mu'an, said an investigation would be...
Sat, 06 Sep 1997
Where to go in Jakarta: Saturday, September 6, 1997
Where to go in Jakarta: Saturday, September 6, 1997Exhibitions * Painting Exhibition: Estetika 5 Ekspresi, at Hilton Executive Club, Jl. Gatot Subroto, South Jakarta, 9 a.m. to 9 p.m., until Sept. 10. * Painting Exhibition: Nuansa Decoratif by Sutopo, Djoko Maruto, Petrus Pranagung at Mon Decor...
Sat, 06 Sep 1997
Third suspect in Grogol gold robbery caught
Third suspect in Grogol gold robbery caught JAKARTA (JP): Police detectives have arrested in a raid a third person suspected in last month's robbery in West Jakarta in which a police sergeant was shot dead.
Sat, 06 Sep 1997
Rubber trade remains quiet in Jakarta, S'pore
Rubber trade remains quiet in Jakarta, S'pore SINGAPORE (Reuter): Trading in the Singapore rubber market was quiet by midsession yesterday as the trade remained skittish about the currency problems of Southeast Asia, dealers said.
Sat, 06 Sep 1997
Balloon festival at Mal Ciputra
Balloon festival at Mal Ciputra JAKARTA (JP): Mal Ciputra is holding a seminar, festival and competition on balloons at the mall's center atrium from Sept. 1 to Sept. 14.The events, jointly organized with balloon maker PT Jossa Cipta Kreasi Indah, began with a three-day seminar, and include a...
Sat, 06 Sep 1997
Palm oil steady in Europe despite lower close in KL
Palm oil steady in Europe despite lower close in KL LONDON (Reuter): Palm oil prices held steady on the European vegetable oil market yesterday morning despite a sharply lower close in Kuala Lumpur.Malaysian palm oil futures fell sharply as the ringgit bounced back against the dollar.
Sat, 06 Sep 1997
S & P affirms triple-B rating on DSPL Finance
S & P affirms triple-B rating on DSPL Finance NEW YORK (Reuter): Standard & Poor's affirmed yesterday its triple-B' rating on DSPL Finance Co. B.V.'s US$150 million 9.12% senior secured notes due 2010, which are guaranteed by Dayabumi Salak Pratama Ltd.The rating outlook is stable.
Sat, 06 Sep 1997
Rupiah woes hit travel agencies
Rupiah woes hit travel agenciesFrom NeracaWe, along with some university mates, have been running a small-scale travel agency since 1994. Early this year business improved when we got a contract from a certain university for a study tour, involving hundreds of participants.
Sat, 06 Sep 1997
1,200 hotel rooms booked for world rally championship
1,200 hotel rooms booked for world rally championship JAKARTA (JP): Although the Gudang Garam World Rally Championships in Medan, North Sumatra, are still two weeks away, world class rally drivers and their teams have already booked 1,200 hotel rooms.
Sat, 06 Sep 1997
MAS won't defer jet delivery
MAS won't defer jet delivery KUALA LUMPUR (AFP): Malaysian Airline System Bhd. (MAS) said yesterday it will not defer the delivery of new aircraft despite concerns that it may add to the country's current account deficit.
Sat, 06 Sep 1997
KISDI protests newspaper
KISDI protests newspaper JAKARTA (JP): The Indonesia Committee for World Moslems Solidarity (KISDI) has launched a protest against a national newspaper claiming that its editorial on violence in Algeria had slandered Islam.
Sat, 06 Sep 1997
Writer Nasjah Djamin dies at 73
Writer Nasjah Djamin dies at 73 YOGYAKARTA (JP): Indonesia's profound writer and painter Nasjah Djamin died here Thursday of diabetic complications and was buried yesterday. He was 73.Known for memorable works, including children's books Si Pai Bengal (1951) and Hang Tuah (1952), Nasjah was a name...
Sat, 06 Sep 1997
Five more species on export quota list
Five more species on export quota list JAKARTA (JP): Five more Indonesian animal species have been added to the export quota list set by the Convention on International Trade in Endangered Species of Wild Flora and Fauna (CITES), an official said yesterday.
Sat, 06 Sep 1997
Economic crisis 'govt's fault'
Economic crisis 'govt's fault' KUALA LUMPUR (DPA): Malaysia's parliamentary opposition leader suggested yesterday the government's "sudden policy changes" were a main cause of investors losing confidence in the country's stock and financial markets.
Sat, 06 Sep 1997
Currencies crisis swallows Asian metal demand
Currencies crisis swallows Asian metal demand SINGAPORE (Reuter): Southeast Asia's currency crisis has hammered base metal demand, although there was light buying in Indonesia following Jakarta's market-friendly reforms aimed at restoring economic confidence, traders said yesterday."It's very bad.
Sat, 06 Sep 1997
Ministers review projects rescheduling
Ministers review projects rescheduling JAKARTA (JP): Economic ministers met for several hours at the finance ministry yesterday to review investment projects that could be rescheduled in anticipation of lower revenues due to the currency turmoil.
Sat, 06 Sep 1997
House pledges to finalize COWs deliberations soon
House pledges to finalize COWs deliberations soon JAKARTA (JP): House of Representatives' Commission VI has promised to finalize deliberations on the seventh generation draft contracts of work (COWs) this month as the government had cleared the bribery issue related to the mining contracts.
Sat, 06 Sep 1997
3,000 to take part in Terry Fox Run
3,000 to take part in Terry Fox Run JAKARTA (JP): About 3,000 people are expected to participate in the third annual Terry Fox Run in Jakarta on Sept. 14, starting and finishing at the Regent Hotel on Jl. HR. Rasuna Said, South Jakarta.
Sat, 06 Sep 1997
Ramos vows to step down
Ramos vows to step down MANILA (AFP): President Fidel Ramos has urged his countrymen to keep faith in his leadership as the Philippines goes through an economic slowdown, and vowed to stand down next year in accordance with the constitution.
Sat, 06 Sep 1997
Councilor urges quarrying stopped
Councilor urges quarrying stopped JAKARTA (JP): A city councilor urged the city administration yesterday to take stern action against illegal sand quarrying activities on the Thousand Islands, North Jakarta.
Sat, 06 Sep 1997
Govt's new stance over riot hailed
Govt's new stance over riot hailed JAKARTA (JP): Observers welcomed yesterday the government's decision to follow up with renewed vigor the National Commission on Human Rights' recommendation on the July 27 riots last year.
Sat, 06 Sep 1997
C. Java residents iodine deficient
C. Java residents iodine deficient SEMARANG, Central Java: One in six people in Central Java suffer from a lack of iodine.It is estimated that some five million of 30 million people in the province are suffering from symptoms of iodine deficiency.Dr. Eko from Dr.
Sat, 06 Sep 1997
RI firms vulnerable to debt meltdown: Foreign analyst
RI firms vulnerable to debt meltdown: Foreign analyst HONG KONG (Reuter): Concern is mounting that Indonesian corporations will soon hit a debt wall despite Thursday's rate cut, worsening the outlook for the nation once credited with Southeast Asia's most credible currency policy.
Sat, 06 Sep 1997
Thailand: Life after a booming economy meltdown
Thailand: Life after a booming economy meltdown The consumerist culture that engulfed Thailand at the height of an economic boom is fading. And as Johanna Son of Inter Press Service writes, it took a serious economic crisis to make people see sense.
Sat, 06 Sep 1997
Regional stocks rise across the board
Regional stocks rise across the board KUALA LUMPUR (AFP): Share prices in Asia-Pacific markets rose across the board yesterday as governments moved to bring back investors' confidence to the region.The Kuala Lumpur Stock Exchange composite 100 index soared 12.
Sat, 06 Sep 1997
Malaysia's deficit drops
Malaysia's deficit drops KUALA LUMPUR (AFP): Malaysia recorded a trade deficit of 900 million ringgit (US$300 million) in July, sharply lower than June's 2.8 billion ringgit, the statistics department said yesterday.Exports rose 3.7 percent from last month to 17.
Sat, 06 Sep 1997
Japan and China cite 'progress' at WTO talks
Japan and China cite 'progress' at WTO talks BEIJING (AFP): Beijing and Tokyo negotiators have issued a joint statement citing "substantive progress" in a just-ended round of talks on China's accession to the World Trade Organization (WTO), the official Xinhua news agency said yesterday.
Sat, 06 Sep 1997
Asia-Pacific tariff cut to boost tade
Asia-Pacific tariff cut to boost tade SINGAPORE (Reuter): Removing tariff barriers between Southeast Asia, Australia and New Zealand would boost intra-regional trade by at least US$16 billion a year, the author of a new study told Reuters yesterday.
Sat, 06 Sep 1997
Garuda eyes tariff rise
Garuda eyes tariff rise HONG KONG (Reuter): Senior executives of Garuda Indonesia are to meet next week to discuss possible increases in air cargo rates and passenger prices, a cargo department source in Jakarta told Reuters by telephone.
Sat, 06 Sep 1997
SE Asian financial markets ease
SE Asian financial markets ease SINGAPORE (Reuter): The crisis in Southeast Asian financial markets eased yesterday after a dramatic U-turn in economic policy by Malaysia, but analysts warned that problems remain in the underlying economies of the region.