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Tue, 02 Sep 1997
Samudera to float shares
Samudera to float shares SINGAPORE (Reuter): Shipping firm Samudera Shipping Line Pte Ltd (SSL) said yesterday it had received approval for primary listing on the second board of the Stock Exchange of Singapore (SES).
Tue, 02 Sep 1997
Empowering the House
Empowering the House As some observers have remarked, last week's call by House of Representatives Speaker Wahono for legislators to be more courageous and dare to criticize the government, may hold nothing new.
Tue, 02 Sep 1997
Golf company berated
Golf company berated TANGERANG (JP): The Tangerang Regency will take stern action against PT Wahana Kridatama, which manages a golf course on Jl. Pondok Cabe Raya in Ciputat, for failing to pay its property tax dues, an official said yesterday.
Tue, 02 Sep 1997
Legislators call for limit on cellular operators
Legislators call for limit on cellular operators JAKARTA (JP): Legislators have called on the government to limit the issuance of licenses to new cellular operators in the country and instead focus on improving existing services.
Tue, 02 Sep 1997
Small fire in Pasaraya
Small fire in Pasaraya JAKARTA (JP): A small fire occurred at the Pasaraya shopping center in Blok M yesterday, prompting many customers to run out of the building in panic.Pasaraya's general manager of promotions, Rae Sita Supit, said the fire was caused by the burning of the polyurethane layer on...
Tue, 02 Sep 1997
Mindanao restless despite peace
Mindanao restless despite peaceBy Ruben Alabastro MANILA (Reuter): One year after a peace pact ended a long- running Moslem separatist war in the southern Philippines and raised expectations of a "peace dividend" for the region, disillusion is setting in.
Tue, 02 Sep 1997
S&P's plan to aquire Pefindo shares negotiated
S&P's plan to aquire Pefindo shares negotiated JAKARTA (JP): New York-based international rating agency Standard & Poor's plan to acquire shares in Pefindo, Indonesia's only rating agency, is still being negotiated.
Tue, 02 Sep 1997
Batu Hijau gold mine will start production in 1999
Batu Hijau gold mine will start production in 1999 SINGAPORE (Reuter): The chief financial officer of U.S. giant Newmont Mining Corp said yesterday the company's US$1.9 billion Batu Hijau mining project on Indonesia's Sumbawa island was expected to start production late 1999.
Tue, 02 Sep 1997
King Sihanouk prays for peace
King Sihanouk prays for peace SIEM REAP, Cambodia (Agencies): Cambodia's King Norodom Sihanouk took part in Buddhist prayers for peace yesterday as sporadic shelling continued around the contested northwestern border town of O'Smach.
Tue, 02 Sep 1997
Mandela's puzzling E. Timor solution
Mandela's puzzling E. Timor solution President Mandela's state visit to Indonesia in early August was, of all the state visits made to this country so far, rather unusual.During his visit Mandela had a meeting, arranged at his request, with Xanana Gusmao who is serving a 20 year jail term.
Tue, 02 Sep 1997
Currencies, Thai stocks to haunt rubber trade
Currencies, Thai stocks to haunt rubber trade SINGAPORE (Reuter): The Southeast Asian rubber trade will languish this week under the double burden of falling regional currencies and the intimidating prospect that Bangkok may sell its excess rubber stocks, traders said yesterday.
Tue, 02 Sep 1997
No deal signed with Texmaco: Renault
No deal signed with Texmaco: Renault PARIS (Reuter): Renault SA's truck-making arm, Renault V.I., said yesterday that it was in talks with Indonesia's Texmaco group but had not signed any agreement for the establishment of a joint venture.
Tue, 02 Sep 1997
Anwar calls rumors 'slander'
Anwar calls rumors 'slander' KUALA LUMPUR (AFP): Malaysian Deputy Prime Minister Anwar Ibrahim said rumors about his resignation as finance minister were politically-motivated attempts to slander him, a report said yesterday.
Tue, 02 Sep 1997
Paul leads fourth leg of National Drag Race
Paul leads fourth leg of National Drag Race JAKARTA (JP): Canadian Robert J. Paul, of the Star Mild team, has won the fourth leg of the eight-leg National Drag Race in Bali.Paul, driving a BMW M3, won the 402-meter race with a time of 13.62 seconds.
Tue, 02 Sep 1997
Contractors urged to pay more attention to safety
Contractors urged to pay more attention to safety JAKARTA (JP): Governor Surjadi Soedirdja urged contractors yesterday to pay more attention to providing safety equipment for construction workers, especially for those on high-rise building projects.
Tue, 02 Sep 1997
Thumbs-up YLKI!
Thumbs-up YLKI!From Sinar PagiHow happy I was on hearing the Indonesian Consumers' Foundation (YLKI) statement opposing the Jakarta City Water Company's (PAM Jaya) plan to increase water rates. It means that this institute is capable of conveying the wishes of the community who subscribe to the...
Tue, 02 Sep 1997
Books are considered basic need
Books are considered basic need JAKARTA (JP): The nation's commitment to improving its human resources took a step forward yesterday with the House of Representatives giving support to making books one of Indonesia's basic needs.
Tue, 02 Sep 1997
Foreign tourists spending up 6%
Foreign tourists spending up 6% JAKARTA (JP): Foreign tourist spending in Indonesia increased 6 percent to US$2.64 billion in the first half of this year, compared to the same period in 1996, a minister said.
Tue, 02 Sep 1997
ASEAN 'must unite to fight money woes'
ASEAN 'must unite to fight money woes'By Dwi Atmanta and Kornelius Purba NUSA DUA, Bali (JP): President Soeharto called on members of the Association of Southeast Asian Nations (ASEAN) yesterday to establish a common safety network system to deal with possible monetary upheavals in the future.
Tue, 02 Sep 1997
Local firms can still enter forward forex
Local firms can still enter forward forex JAKARTA (JP): Bank Indonesia Governor J. Soedradjad Djiwandono reiterated yesterday that Indonesian residents remain free to deal in forward foreign exchange transactions.
Tue, 02 Sep 1997
Sempati Air delays appointment of new chief
Sempati Air delays appointment of new chief JAKARTA (JP): PT Sempati Air, one of the country's six scheduled air carriers, has delayed its plan to appoint a new president to replace the outgoing top executive, Santun Nainggolan.
Tue, 02 Sep 1997
RI pair clinches satellite title
RI pair clinches satellite title JAKARTA (JP): Indonesia's best men's tennis doubles Bonit Wiryawan/Sulistyo Wibowo have won the first of the 1997 Satelindo Satellite tennis circuit series, beating Australians Jed Gould/Jordan Kerr 6-3, 6-7 (4-7), 6-2.
Tue, 02 Sep 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sep. 1, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 700 0 39,500 AHAP Insurance 2,500 0 0 Alter Abadi 950 -75 40,500 Alumindo Light Metal 700 -25 1,335,000...
Mon, 01 Sep 1997
PDAM Jaya urged to check customers' water meters
PDAM Jaya urged to check customers' water meters JAKARTA (JP): A city councilor has urged PDAM Jaya, the city- owned water company, to improve its performance by checking water meters installed at customers' homes.
Mon, 01 Sep 1997
Dutch firm to make carbon in RI
Dutch firm to make carbon in RI JAKARTA (JP): Dutch chemical and pharmaceutical firm Akzo Nobel, through its wholly-owned firm PT Akzo Nobel Satindo, has started building a US$45 million carbon making plant in Cikampek, West Java.
Mon, 01 Sep 1997
Temporary freeze of forward deals urged
Temporary freeze of forward deals urged JAKARTA (JP): The Econit Advisory Group is urging the government to gradually ease the tight monetary policy and to temporarily freeze foreign exchange forward transactions as the liquidity crisis is overkilling the economy.
Mon, 01 Sep 1997
Think of national interest, not only profit: Rudini
Think of national interest, not only profit: Rudini JAKARTA (JP): Despite the ongoing crisis caused by the rupiah depreciation, businesses should still prioritize the national interest and not seek mere financial compensation by raising prices, a political observer says.
Mon, 01 Sep 1997
Police question 12 over death of three construction workers
Police question 12 over death of three construction workers JAKARTA (JP): Police questioned 12 men on Saturday over the deaths on Friday of three workers at the Wisma Asiatic project on Jl. Prof. Dr. Satrio, Setiabudi, South Jakarta.
Mon, 01 Sep 1997
Cook goes on with S'pore visit
Cook goes on with S'pore visit SINGAPORE (AFP): British Foreign Secretary Robin Cook proceeded with a two-day visit as scheduled to Singapore, the last leg of his four-nation Asian tour, as Britain mourned the death of Diana, Princess of Wales.
Mon, 01 Sep 1997
Gulf expects $455m from Indonesian unit's IPO
Gulf expects $455m from Indonesian unit's IPO CALGARY (Reuter): Gulf Canada Resources Ltd expects to net US$285 million-$455 million from the public offering of its Indonesia oil and gas unit, all of which will be used for debt reduction, a Gulf Canada spokesman said on Friday.
Mon, 01 Sep 1997
Ferry hijack in Philippines
Ferry hijack in Philippines ZAMBOANGA CITY, PHILIPPINES (DPA): Heavily armed pirates hijacked an inter-island passenger ferry in the southern Philippines, taking captive eight commuters and crew, a local official said yesterday.
Mon, 01 Sep 1997
Markets turmoil pose problems for U.S. economy
Markets turmoil pose problems for U.S. economy NEW YORK (AP): Fresh turmoil in Southeast Asian financial markets could pose a threat to the U.S. economy by dampening business deals and trade in the lucrative region, analysts say.
Mon, 01 Sep 1997
'VP is crown prince for presidency'
'VP is crown prince for presidency'By Asip Agus Hasani YOGYAKARTA (JP): The recent call for a broadening of the next Indonesian vice president's role to ease the workload of President Soeharto has received various responses.
Mon, 01 Sep 1997
Indonesian Prima Property books higher revenues
Indonesian Prima Property books higher revenues JAKARTA (JP): Publicly listed property firm PT Indonesia Prima Property, of the Gajah Tunggal Group, reported a 41 percent increase in its consolidated revenue to Rp 47.9 billion (US$19.6 million) in the first half of this year, up from Rp 33.
Mon, 01 Sep 1997
Forex restriction
Forex restriction We can expect an eased monetary measure within the next few days after the central bank imposed some restrictions on forward foreign exchange selling against the rupiah. The ruling, effective as from Saturday but was announced to the mass media only yesterday, limits forward forex...
Mon, 01 Sep 1997
Hanoi won't join ACPC
Hanoi won't join ACPC HANOI (Reuter): Vietnam is not ready to join the ACPC global coffee producers' group because it cannot afford to hold stock off the market, the national coffee and cocoa association's (VICOFA) chairman said in an interview published on Saturday.
Mon, 01 Sep 1997
Aborigines and human rights
Aborigines and human rights On Aug. 29, The Jakarta Post (page 6) carried a story on the first leg of British Foreign Secretary robin Cook's Southeast Asia tour with the heading Malaysia rejects UK's stance on human rights.Before his visit, Mr.
Mon, 01 Sep 1997
UK-Philippines military training
UK-Philippines military training MANILA (AFP): British Foreign Secretary Robin Cook, who is seeking an agreement for joint military training in the Philippines, would support a pact providing reciprocal legal protection for soldiers, a British source said here yesterday.
Mon, 01 Sep 1997
Indonesians mourn Diana's death
Indonesians mourn Diana's death JAKARTA (JP): The government and public joined the world community yesterday in mourning the death of Diana, Princess of Wales."We are saddened by the news and send our condolences to the bereaved family," foreign ministry spokesman Gaffar Fadyl said yesterday on...
Mon, 01 Sep 1997
Share prices fall likely to continue
Share prices fall likely to continue JAKARTA (JP): The drop in share prices on the Jakarta Stock Exchange (JSX) is likely to continue this week even though analysts say most stocks have bottomed out.Dealers said uncertainty over the rupiah's direction and high interest rates would remain the major...
Mon, 01 Sep 1997
BPS Visa's rate down
BPS Visa's rate down JAKARTA (JP): Publicly listed Bank Papan Sejahtera has cut the interest rate on its Visa credit card from 3.25 percent to 2.7 percent a month.The bank's card center vice president, Kemal Imam Santoso, said over the weekend the new monthly interest rate would be begin effective...
Mon, 01 Sep 1997
Indonesia set to dominate rowing events at SEA Games
Indonesia set to dominate rowing events at SEA Games JAKARTA (JP): Indonesia is set to dominate in the rowing competition at the 19th Southeast Asian Games following the withdrawal of a number of athletes from other participating countries.
Mon, 01 Sep 1997
RI important to Uzbekistan
RI important to Uzbekistan Republic of Uzbekistan Ambassador to Indonesia Ravshan Rakhmatullaev is determined to get the word out about his country's attractions to Indonesian investment.He verbally ticks off a check list of his nation's investment pluses: A young and educated population of 23...
Mon, 01 Sep 1997
'Money and power' still prevail over justice
'Money and power' still prevail over justice JAKARTA (JP): Former deputy chief justice Adi Andojo Soetjipto lamented the state of Indonesian courts, saying that money and power often still prevailed justice."The maintenance of law in Indonesia after 52 years of independence is still of concern.
Mon, 01 Sep 1997
Council not informed on building
Council not informed on building SEMARANG: The Central Java legislative body has yet to be informed about Minister of Home Affairs' recent decree endorsing the plan by the provincial administration to build a luxurious office for the association of retired civil servants.
Mon, 01 Sep 1997
Enny Hardjanto leaves BPS
Enny Hardjanto leaves BPSJP/alx JAKARTA (JP): Bank Papan Sejahtera (BPS) vice president Enny Hardjanto (left), who leaves the bank today after working there for 18 months, bids farewell to BPS president Al Nyoo (right).
Mon, 01 Sep 1997
Foreigners busted with heroin
Foreigners busted with heroin JAKARTA (JP): City detectives arrested a Ghanaian and a Nigerian over the weekend for allegedly trafficking about 200 grams of heroin at a Central Jakarta hotel.Police said the two men, Lorenzo Patteron and Prince Felix Okoro, were arrested during a transaction worth...
Mon, 01 Sep 1997
Fire guts 100 houses
Fire guts 100 houses SAMARINDA, E. Kalimantan: At least 100 houses and shops were gutted in a fire in Karangmumus subdistrict, Samarinda Ilir district, Saturday.The incident came on the heels of a previous fire that destroyed 50 houses in the same densely populated subdistrict on Aug. 20.
Mon, 01 Sep 1997
Presidential term of office
Presidential term of office On page one of The Jakarta Post dated Aug. 22 I read with interest a report about a statement made by Minister of Transmigration Siswono Yudohusodo, under the title Limit presidential term after Soeharto.
Mon, 01 Sep 1997
SE Asian financial marts brace for volatile trading
SE Asian financial marts brace for volatile trading SINGAPORE (AFP): Southeast Asia's financial markets braced yesterday for volatile trading this week after regional currency turmoil took a toll on stock prices which plummeted on massive redemption by foreign funds.