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Thu, 27 Nov 1997
Indocement's forex loss
Indocement's forex loss JAKARTA (JP): Shareholders of publicly listed PT Indocement Tunggal Prakarsa agreed to allocate an allowance of Rp 423.5 billion for an extraordinary foreign exchange loss during this year's first nine months, the company said yesterday.
Thu, 27 Nov 1997
Japan to help stop oil spills
Japan to help stop oil spills UJUNGPANDANG, South Sulawesi: Japan is eager to assist in efforts to stop oil spills and pollution in the Makassar Straits caused by ship accidents, Antara reported."The Makassar Straits is an alternate route for Japanese tankers to transport oil from Saudi Arabia," a...
Thu, 27 Nov 1997
'Benefit of the doubt' for RI's economy
'Benefit of the doubt' for RI's economyBy Laksamana Sukardi The following article is based on a paper presented at a "power breakfast" meeting organized by the International Advertising Association at the Hilton Executive Club on Nov. 21, 1997 in Jakarta. This is the first of two articles.
Thu, 27 Nov 1997
Airline reports fewer Indonesian passengers
Airline reports fewer Indonesian passengers JAKARTA (JP): The United Arab Emirates' carrier, Emirates, has seen fewer passengers on its Indonesian service due to the currency upheaval in the Asian region.
Thu, 27 Nov 1997
Three governor candidates approved
Three governor candidates approved PADANG, West Sumatra: President Soeharto, through Minister of Home Affairs Moch. Yogie S.M., has approved West Sumatra Vice Governor Brig. Gen. Muchlis Ibrahim's nomination for the 1997/2002 governorship, it was announced here Tuesday.
Thu, 27 Nov 1997
Healthy competition vital for growth: Experts
Healthy competition vital for growth: Experts JAKARTA (JP): Indonesia needs to complement its very strong commitment to development with a pricing policy and healthy competition to sustain high economic growth for the next 30 years, an expert said.
Thu, 27 Nov 1997
Different exchange rate
Different exchange rate I recently visited Indonesia and on arrival at Soekarno-Hatta International Airport, I went to PT Artha Modern Center, an authorized money changer in the arrival hall.I wanted to change sterling traveler checks and the rate I was given was Rp 4,000 to one pound sterling.
Thu, 27 Nov 1997
Customer (Dis)service
Customer (Dis)service Recent readers' letters in The Jakarta Post prompted me to write this letter. You can add me to the surely long list of unhappy souls who naively expect good customer service when dealing with large, high-profile companies here in Indonesia.
Thu, 27 Nov 1997
Peru, Russia, Vietnam accepted into APEC
Peru, Russia, Vietnam accepted into APECBy Meidyatama Suryodiningrat VANCOUVER, Canada (JP): Peru, Russia and Vietnam were accepted Tuesday as new members of the Asia Pacific Economic Cooperation (APEC), the last economies to join before the forum slaps a 10- year moratorium on membership.
Wed, 26 Nov 1997
Govt rejects out-of-court conditions by closed bank
Govt rejects out-of-court conditions by closed bank JAKARTA (JP): Minister of Finance Mar'ie Muhammad and Bank Indonesia Governor Soedradjat Djiwandono rejected through their lawyers yesterday an out-of-court settlement proposed by a businessman whose bank was closed by the government earlier this...
Wed, 26 Nov 1997
70 timber firms lose permits
70 timber firms lose permits JAKARTA (JP): At least 70 timber companies have lost their forest concession permits as of October this year for failing to abide by the government's forestry regulations, says a senior official.
Wed, 26 Nov 1997
Accounting standards a product of political action
Accounting standards a product of political actionBy Djohan Pinnarwan JAKARTA (JP): There was once a time, not so many years ago, when accounting could be thought of as an essentially nonpolitical subject.
Wed, 26 Nov 1997
Tatia Group funds photography contest
Tatia Group funds photography contest JAKARTA (JP): A private firm is to hold a photo competition for Indonesia's media professionals with cash prizes of Rp 23 million (US$6,385), the organizers said yesterday.
Wed, 26 Nov 1997
Australian economy feels Asian downturn
Australian economy feels Asian downturn SYDNEY (Reuters): Major international trading houses and banks in Australia are feeling the first effects of Asia's economic shakeout broadening across the export commodities range.Japanese, Korean, Chinese and U.S.
Wed, 26 Nov 1997
Navy cleans up Sunter Lake
Navy cleans up Sunter Lake JAKARTA (JP): The Navy's Western Fleet Command organized a one-day cleanup of Lake Sunter in North Jakarta yesterday involving 1,000 people.The cleanup is one of the command's programs to commemorate its anniversary on Dec. 5, the assistant for personnel affairs, Capt.
Wed, 26 Nov 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 25 , 1997: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 925 -125 2,000 AHAP Insurance 925 0 0 Alter Abadi 575 50 10,000 Alumindo Light Metal 375 0 477,500 Alumindo...
Wed, 26 Nov 1997
RI negotiates use of Singapore loans
RI negotiates use of Singapore loans JAKARTA (JP): The central bank, Bank Indonesia, clarified yesterday that it would use rupiah derived from Singapore's currency market intervention, not Singapore's promised standby loans, as a loan to support Indonesian businesses.
Wed, 26 Nov 1997
Shuttlers want fair, neutral new chairman
Shuttlers want fair, neutral new chairman JAKARTA (JP): Some senior shuttlers are hoping that the new chairman of the Badminton Association of Indonesia will not side with some players during his four-year period in office."Whoever chairs the association doesn't matter to us.
Wed, 26 Nov 1997
Tokyo share prices lead Asian sell-off
Tokyo share prices lead Asian sell-off TOKYO (AFP): Japanese share prices tumbled 5.1 percent yesterday and the bearish sentiment spilled over into other Asia- Pacific markets following the collapse of giant Yamaichi Securities Co. Ltd.
Wed, 26 Nov 1997
U.S. Embassy in RP sees noisy protest
U.S. Embassy in RP sees noisy protest MANILA (AP): Hundreds of left-wing activists denouncing free trade broke through a police blockade yesterday to stage a noisy protest in front of the U.S. Embassy against the Asia Pacific Economic Cooperation summit in Vancouver.
Wed, 26 Nov 1997
Abortion debate
Abortion debate As people in the American state of Iowa rejoice at the miraculous birth of septuplet babies, here in Jakarta, we wake up to the horror discovery of fetuses and stillborn babies ditched in waste dumps.
Wed, 26 Nov 1997
RI military stresses 'hearts and minds'
RI military stresses 'hearts and minds' BANGKOK (JP): The Indonesian Armed Forces (ABRI) has always been a strong proponent of international humanitarian law, Maj. Gen. Prabowo Subianto, commanding general of the Army's special forces says.
Wed, 26 Nov 1997
Thailand cuts growth forecast to 0.6% for 1997
Thailand cuts growth forecast to 0.6% for 1997 BANGKOK (AFP): Thailand has slashed its economic growth forecast for 1997 to only 0.6 percent because of the plunge in the baht and the currency turmoil across Asia, the finance minister said yesterday.
Wed, 26 Nov 1997
Be friendly to patients, Sujudi says
Be friendly to patients, Sujudi says JAKARTA (JP): Minister of Health Sujudi said medical personnel should provide friendly service rather than callously ask down payment from patients who enter the hospital door.
Wed, 26 Nov 1997
Land broker killed during house break-in
Land broker killed during house break-in JAKARTA (JP): At least three people broke into a house in Bekasi early yesterday morning, killing the owner and wounding his wife and son.The intruders did not attempt to steal anything from the house in Kampung Tanah Baru, Cikarang, a family relative said.
Wed, 26 Nov 1997
BNI increases loan loss provision
BNI increases loan loss provision JAKARTA (JP): Bank Negara Indonesia's loan loss provision rose by 77.16 percent as of September this year to Rp 755.58 billion (about US$222.22 million) from Rp 424.49 billion in the same month last year.
Wed, 26 Nov 1997
Montessori students break away from rote learning
Montessori students break away from rote learningBy Linawati Sudarto JAKARTA (JP): "The secret of all nature is to be found in the soul of the child," wrote Maria Montessori, Italy's first medical doctor, in describing the journey of discovery of English poet William Wordsworth.
Wed, 26 Nov 1997
Spotlight
SpotlightPhoto A: OMRONJP/msaTECHNOLOGICAL TRANSFER: Yukio Uchida, general manager of OMRON Corporate Communications Center (left), and Yoga Ibrahim, rector of the Indonesian Institute of Technology, exchange documents on an agreement in which the Japanese institute would donate electronic factory...
Wed, 26 Nov 1997
House awaits results of Jamsostek scandal probe
House awaits results of Jamsostek scandal probe JAKARTA (JP): House of Representatives leaders will not take any measures against legislators who allegedly took bribes while deliberating the manpower bill pending the investigation launched by the Development and Finance Control Agency and the...
Wed, 26 Nov 1997
Satelindo hosts GSM meeting
Satelindo hosts GSM meeting JAKARTA (JP): PT Satelindo, one of the private telecommunications firms which operate a cellular phone service, is hosting a two-day GSM meeting in Jimbaran, Bali.The event is the seventh Asia Pacific Interest Group (APIG) meeting of 49 GSM operators and administrators...
Wed, 26 Nov 1997
Three most powerful banks
Three most powerful banksFrom MerdekaSociety has now learned a hard lesson from the recent measures taken by the government to liquidate 16 private banks. People should now be more careful in choosing which banks they can trust to deposit their money.
Wed, 26 Nov 1997
18 APEC leaders to unite to deal with economic crisis
18 APEC leaders to unite to deal with economic crisisBy Meidyatama Suryodiningrat VANCOUVER, Canada (JP): The 18 leaders of the Asia Pacific Economic Cooperation (APEC) have expressed commitment to overcoming together the economic turmoil which has been described here as a precursor to a possible...
Wed, 26 Nov 1997
PT Eterindo to issue US$200 million in bonds
PT Eterindo to issue US$200 million in bonds JAKARTA (JP): Publicly listed PT Eterindo Wahanatama, through its subsidiary Eterindo Wahanatama B.V. in the Netherlands, plans to issue US$200 million in bonds some time next year.The company's finance director G.
Wed, 26 Nov 1997
Jamsostek scandal
Jamsostek scandalFrom Media IndonesiaWorkers' Social Security (Jamsostek) is identical to labor contribution fees (and those of employers) to guarantee social security for workers when needed. Therefore, whatever is regulated in the Jamsostek Law, it is only proper that some of the funds are...
Wed, 26 Nov 1997
Women's activist seeks law on domestic violence
Women's activist seeks law on domestic violence JAKARTA (JP): A female activist yesterday called on the government to establish a law on domestic violence to protect women from assault.Chairwoman of the Association of Indonesian Women for Justice (APIK) Nursyahbani Katjasungkana said the law would...
Wed, 26 Nov 1997
Boat adrift for 9 weeks in Pacific
Boat adrift for 9 weeks in Pacific AUCKLAND, New Zealand (AFP): A group of Indonesians who set out in a wooden sailboat on a one-hour trip ended up nine weeks later 3,000 kilometers away in Micronesia after a storm destroyed their sail, the U.S. Coast Guard on Guam said.
Wed, 26 Nov 1997
Where to go in Bandung:
Where to go in Bandung:Music and Entertainment * Sheraton Hotel, Jl. Ir. H. Juanda No. 390: - Tuscany's Restaurant: Quartet Singers, Los Anjus, Monday and Wednesday, at 7 p.m., Acapella, Friday, Saturday, at 8 p.m. to 9 p.m. - Samsara Lounge: Kecapi Suling, Monday to Thursday, at 5 p.m. to 7 p.m.
Wed, 26 Nov 1997
U.S.-RP task force on waste proposed
U.S.-RP task force on waste proposed MANILA (AFP): The Philippines has proposed a joint task force with the United States to investigate whether former U.S. bases in this country contain toxic waste, it was announced yesterday.
Wed, 26 Nov 1997
Bintuni Minaraya to sell 400m shares
Bintuni Minaraya to sell 400m shares JAKARTA (JP): Integrated fishing company PT Bintuni Minaraya, plans to sell 400 million new shares, or around 24.5 percent of its total shares, early next year to raise funds for financing its expansion program.
Wed, 26 Nov 1997
Thammanoon ready to defend his title
Thammanoon ready to defend his title JAKARTA (JP): Defending champion Thammanoon Sriroj of Thailand is ready to defend his title at the US$300,000 1977 Tugu Pratama PGA Championship.Thammanoon said at a press conference yesterday that he was in good shape for the tournament scheduled from today to...
Wed, 26 Nov 1997
Currencies to squeeze profits of ASEAN food firms
Currencies to squeeze profits of ASEAN food firms SINGAPORE (Reuters): The financial turbulence sweeping Southeast Asia will hit the bottom-line earnings of food companies this year and next, participants at an ASEAN food conference in Singapore said yesterday.
Wed, 26 Nov 1997
Business strategy in Asia-Pacific
Business strategy in Asia-PacificBy Sofjan Wanandi This is the second of two articles based on a paper presented at the Asia Pacific Economic Cooperation forum's CEO Summit in Vancouver, Canada on Sunday.
Wed, 26 Nov 1997
Rupiah's sharp depreciation affects Telkom's net profit
Rupiah's sharp depreciation affects Telkom's net profit JAKARTA (JP): State-owned domestic telecommunications operator PT Telkom reported yesterday a slower growth in its net profit in the third quarter of this year due to the sharp deprecation of the rupiah against the dollar since last July.
Wed, 26 Nov 1997
Airline company gets bomb threat
Airline company gets bomb threat BANDA ACEH, Aceh: Malaysia's Pelangi Airways has received a bomb threat over plans to resume its Banda Aceh-Kuala Lumpur- Penang flights on Friday, Nov. 28, Antara reported.
Wed, 26 Nov 1997
ADB's loan to Indonesia
ADB's loan to Indonesia MANILA (AFP): The Asian Development Bank (ADB) yesterday said it had approved a US$78.6-million loan to promote self-reliance among Indonesia's poor.The loan will go to developing a mechanism for reducing poverty through self-help groups and small loans and through training...
Wed, 26 Nov 1997
Kemang businesses react angrily to city's closure plan
Kemang businesses react angrily to city's closure plan JAKARTA (JP): The city's plan to close 180 businesses in Kemang for permit violations is "unfair" and should be reconsidered, according to those affected by the decision.
Wed, 26 Nov 1997
200 cars to compete in Wisata Rally
200 cars to compete in Wisata Rally JAKARTA (JP): About 200 cars are expected to take part in the Langit Biru Wisata Rally around the capital on Dec. 7.The tour is being held to commemorate the 50th anniversary of Pertamina, the state-run oil company, which is organizing the event with the Jakarta...
Wed, 26 Nov 1997
Scholar warns nation of bloody coflicts
Scholar warns nation of bloody coflicts DEPOK, West Java (JP): Political scientist Mochtar Pabottingi has warned that "bloody" conflicts could take place if power holders continue to ignore the pressing public demand for political reform.
Wed, 26 Nov 1997
BI avoids firm stance on Bambang's acquisition of Bank Alfa
BI avoids firm stance on Bambang's acquisition of Bank Alfa JAKARTA (JP): Bank Indonesia, the central bank, attempted to respond to questions from members of the House of Representatives yesterday about the allegedly controversial acquisition of Bank Alfa's license by President Soeharto's son...
Wed, 26 Nov 1997
'Time to pick up stocks'
'Time to pick up stocks' SINGAPORE (AFP): It's time to pick up selected stocks in Southeast Asia at bargain prices despite the regional financial crisis but profits won't come for years, a regional equities guru said in remarks published Tuesday.