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Stocks strengthen, rupiah still stable

Stocks strengthen, rupiah still stable JAKARTA (JP): Share prices rose 4.2 percent yesterday and the rupiah remained stable at 3,000 level against the U.S. dollar in response to the lifting of the 49 percent foreign portfolio holding limit and interest rate cuts, dealers and brokers said.

Currency turmoil tempers regional markets

Currency turmoil tempers regional markets HONG KONG (AFP): Steep falls among Southeast Asian currencies against the US dollar tempered regional markets yesterday despite government efforts to shore up share prices.

'Update land title processing system'

'Update land title processing system' JAKARTA (JP): A property analyst underlined yesterday the importance of periodically changing the system for processing land titles to eradicate forgeries in Greater Jakarta.

Preventing a crisis

Preventing a crisis The package of measures announced after the monthly cabinet meeting on Wednesday once again proves the crisis management capability of the Indonesian government. It is, nevertheless, too early to gauge the full impact of the move on the market sentiment and investor confidence.

'Political conflicts must be managed, not crushed'

'Political conflicts must be managed, not crushed' JAKARTA (JP): The government should manage political conflict rather than repress or sweep it under the carpet, says former minister of home affairs Rudini.

RI buys Indian soymeal, may purchase more

RI buys Indian soymeal, may purchase more SINGAPORE (Reuter): Indonesian importers have bought about 60,000 to 80,000 tons of soymeal from India and may buy more over the next few weeks, traders said yesterday.

IPB and Cilacap launch cooperation

IPB and Cilacap launch cooperation BOGOR, West Java: The Bogor Institute of Agriculture (IPB) and the Cilacap administration signed yesterday a memorandum to further cooperate in studying the effects of development in the regency.The agreement was signed by Cilacap regent M.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 4, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 900 50 91,500 AHAP Insurance 2,500 0 0 Alter Abadi 850 100 7,500 Alumindo Light Metal 725 25 969,500...

July 27 riot case remains unsolved: Right commission

July 27 riot case remains unsolved: Right commission JAKARTA (JP): The National Commission on Human Rights insisted that the case of the July 27, 1996, bloody riots in Jakarta, in which five people were killed, remained unsolved.

4,600 human remains to be moved

4,600 human remains to be moved JAKARTA (JP): The city funeral agency is to begin removing the 4,626 bodies buried in the Blok P cemetery Tuesday as part of a plan to build the South Jakarta mayoralty office on the site.

Businesspeople hail new economic reform package

Businesspeople hail new economic reform package JAKARTA (JP): Businesspeople and analysts yesterday hailed the government's latest reform package as a quick, concerted move to prevent the economy from collapsing.

Limit tenure for president

Limit tenure for president I fully subscribe to the opinion, recently voiced by Minister of Transmigration Siswono Judohusodo, that the tenure of a president in the post-Soeharto era (2003 onward) should be limited to 10 years, i.e. two terms of office.

Bangladesh PM starts state visit

Bangladesh PM starts state visit JAKARTA (JP): Bangladesh's Prime Minister Sheikh Hasina arrived here yesterday for a four-day state visit to speed up the slow economic cooperation between the two countries.President Soeharto greeted Hasina in a state reception at Merdeka Palace.

Indocement hike cement prices

Indocement hike cement prices JAKARTA (JP): A rise in cement prices was essential to cover rising production costs, president of the country's largest cement producer PT Indocement Tunggal Prakarsa, said yesterday.

Fishermen caught for bombing fish

Fishermen caught for bombing fish JAKARTA (JP): Seven fishermen were arrested by coastal police officers yesterday for using bombs and prohibited poisonous substances in the Thousand Islands in North Jakarta.Four of the seven were arrested near Semak Daun island.

Two German climbers killed

Two German climbers killed SURABAYA: Two German climbers have been killed by a hail of volcanic rock and hot ash from the 3,676-meter Mt. Semeru volcano in East Java, Antara reported yesterday.Von der Becke Wiltroud, a 58-year-old woman, and Kiemaier Ersnt, a 55-year-old man, belonged to a group of...

Forestry funds to help rupiah

Forestry funds to help rupiah JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo said yesterday his ministry had deposited about Rp 400 billion (US$142 million) of reforestation funds in Bank Indonesia last month to help shore up the falling rupiah.

Muchtar Pakpahan's trial resumes

Muchtar Pakpahan's trial resumes JAKARTA (JP): The subversion trial against labor leader Muchtar Pakpahan resumed yesterday after a six month adjournment due to the defendant's deteriorating health.The South Jakarta District Court heard testimony from a Department of Finance official, Ma'mun...

ASEAN plans joint action against speculators: Anwar

ASEAN plans joint action against speculators: Anwar KUALA LUMPUR (AFP): Malaysian Deputy Prime Minister Anwar Ibrahim said yesterday that Southeast Asian nations would launch a joint effort against an "economic war" launched by foreign speculators on their currencies.

India boldly scraps oil subsidies

India boldly scraps oil subsidiesBy Simon Cameron-Moore BOMBAY (Reuter): India's opposition parties will be silently thanking Prime Minister Inder Kumar Gujral for chopping back an oil price subsidy regime the country could increasingly ill afford, analysts said on Tuesday.

Two car thieves nabbed

Two car thieves nabbed JAKARTA (JP): City police detectives gunned down two suspects in the early hours of yesterday in Sunter, North Jakarta, for allegedly stealing a Mercedes Benz sedan.According to City Police Spokesman Lt. Col. E. Aritonang, one of the suspects pointed an FN .

Ananda write 'musical history book' at home

Ananda write 'musical history book' at homeBy Emilie Sueur JAKARTA (JP): Pianist Ananda Sukarlan makes his Indonesian debut tonight at the Jakarta Performing Arts and Theater International Festival 1997.It is a coming home of sorts for Ananda, born in Jakarta in 1968.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * 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 Gallery, Jl.

Timika problems are 'complicated issues'

Timika problems are 'complicated issues' JAKARTA (JP): The National Commission on Human Rights attributed the recent intertribal tension that hit the Irian Jaya town of Timika partly to the local administration's inefficiency.

Sense of humor vital for debate

Sense of humor vital for debate I would like to thank Francesco of Jakarta for his vitriolic and humorless response (Aug. 27) to my article Xenophobic MP sours race debate in Australia (Aug. 8).Francesco's response has again reminded me of the sensitivity of cross cultural issue between neighbors.

Theater keeps traditional ties

Theater keeps traditional tiesBy Yenni Kwok JAKARTA (JP): There is a new buzzword for artistic styles. It is cengkok.Coined by Ki Hadi Sujiwo Tejo in a discussion of "Theater and Tradition" recently at Taman Ismail Marzuki in Central Jakarta, the Javanese-rooted cengkok has connotations beyond its...

Six islets vanish near Jakarta

Six islets vanish near Jakarta JAKARTA (JP): Six islands in the Thousand Islands chain in North Jakarta have disappeared and sand quarriers may well be partly responsible, an environmental official said yesterday.

Sukhoi fighter deal signed

Sukhoi fighter deal signed JAKARTA (JP): Indonesia will fund the purchase of Russian Sukhoi jet fighters and helicopters through a counter-purchase deal worth US$500 million, a senior minister said yesterday.

Developers want to build fewer low-cost homes

Developers want to build fewer low-cost homes JAKARTA (JP): Private developers urged the municipality yesterday to reduce the percentage of land they must set aside for low-cost apartments from 20 percent to five percent, councilors said yesterday.Saud Rachman and Lukman F.

Megawati not told about FCA decision

Megawati not told about FCA decision JAKARTA (JP): A close aide to ousted Indonesian Democratic Party (PDI) leader Megawati Soekarnoputri said yesterday she had not been informed of the cancellation of an invitation to speak before Singapore-based foreign correspondents.

ING Barings revises down profit estimate for BNI

ING Barings revises down profit estimate for BNI JAKARTA (JP): ING Barings Securities has lowered its profit estimate for publicly listed Bank Negara Indonesia for 1997 and 1998 as the rupiah upheaval continues.

Cameramen hurt in movie's fight scene

Cameramen hurt in movie's fight scene KUALA LUMPUR, Malaysia (AP): Two cameramen were seriously wounded yesterday while filming a gunbattle scene for a Malaysian movie.Police said they were investigating why live ammunition was used in the scene instead of blanks, the national news agency Bernama...

U.S. investors pour out of SE Asian funds

U.S. investors pour out of SE Asian funds NEW YORK (Reuter): The recent turbulence in Southeast Asian markets has exacted a sustained toll on the performance and net flows of mutual funds investing in the Asia-Pacific region, excluding Japan, analysts said.

Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Holiday Inn, Jl. Ir. H. Juanda 33, Bandung: - Kebun Bambu Restaurant: Guitar performance, Saturday, 7:45 p.m. to 10:15 p.m. - Braga Bar and Lounge: Jazz live entertainment at 7:30 p.m.

Smoking immunity?

Smoking immunity?From KompasOn Monday Aug. 18 at 1 p.m. I had lunch at the Au Bon Pain cafe in Kuningan Plaza. After a while a group of business "executives" wearing ties and office IDs entered the restaurant.

Call for edict on haj pilgrimage

Call for edict on haj pilgrimage JAKARTA (JP): Legislators called on the influential Indonesian Ulemas Council (MUI) yesterday to issue an edict restricting Moslems from going on repeat haj pilgrimages.Slamet Effendy Yusuf of the Golkar faction and H.S.

Glass factory workers protest

Glass factory workers protest TANGERANG (JP): About 170 employees of glass manufacturing company PT Alamkaca Prabawa Indonesia in Tangerang stopped work yesterday in solidarity for two of their friends who were severely injured in a work accident.

Asmat now crafts totem poles for money

Asmat now crafts totem poles for moneyBy Dini S. Djalal JAKARTA (JP): Men in grass skirts swayed to the rhythm of a primeval drum beat. A woodcarver, Bird of Paradise feathers nestled atop a mass of braids, sat solemnly on the floor crafting a miniature totem pole.

Fire victims plead for relief aid

Fire victims plead for relief aid JAKARTA (JP): The victims of a fire, which gutted 1,297 houses in Pademangan Barat subdistrict, North Jakarta, Tuesday, pleaded for donations yesterday, including school uniforms for their children.

Cargill enters Vietnam

Cargill enters Vietnam HANOI (AFP): U.S.-based Cargill has officially opened a US$18 million animal feed plant in a southern Vietnam province, its first project in the country, the company announced yesterday.The U.S.

Antipolio drive exceeds target

Antipolio drive exceeds target JAKARTA (JP): More than one million city infants recieved polio vaccines yesterday, exceeding the target of 972,100 by 4.17 percent, according to the head of the city's health agency.

Asahimas' sales down

Asahimas' sales down JAKARTA (JP): Publicly listed glass producer PT Asahimas Flat Glass Co. Ltd. reported yesterday a 7.6 percent drop in net sales in the first half of this year, to Rp 174.3 billion (about US$60.1 million), compared to the same period in 1996.

Japex joins gas project

Japex joins gas project TOKYO (Reuter): Japan Petroleum Exploration Co Ltd (Japex) said yesterday that it will invest roughly US$80 million in a project to explore for and produce liquefied natural gas (LNG) on Malaysia's Kalimantan island.

Workers protest over dismissal

Workers protest over dismissal UJUNGPANDANG, S. Sulawesi: Thousands of workers of three companies at Makassar Industrial Estate held a demonstration at the provincial legislative council on Tuesday over the dismissal of 14 colleagues and the demotion of 100 others.

Army to supervise Indonesian labor export

Army to supervise Indonesian labor export JAKARTA (JP): The Armed Forces says it will deploy personnel to bring order to the labor export industry because illegal Indonesian workers in Malaysia have sparked immigration disputes between the two countries.Armed Forces spokesman Brig. Gen. A.

Giralia frets at RI mine deals

Giralia frets at RI mine deals SINGAPORE (Reuter): The chairman of Australian junior miner Giralia Resources NL said yesterday he is worried that new mining agreements with Indonesia will not be signed this year and may be delayed until mid-1998.

GSM-XL works toward no more dropped calls in traffic jams

GSM-XL works toward no more dropped calls in traffic jams People trapped in the traffic jams within Jakarta's golden triangle are now able enjoy crash-free telephone conversations if they subscribe to GSM-XL, which is operated by PT Excelcomindo Pratama.

Four killed in landslide

Four killed in landslide BANDA ACEH, Aceh: Four residents of Bantan Cuaca, in Rikit Gaib district, were reportedly killed when a landslide occurred following heavy rains.Antara reported that another three people were missing following the landslide which occurred late Tuesday evening.

Govt threatens to name slash-and-burn firms

Govt threatens to name slash-and-burn firms JAKARTA (JP): Minister of Transmigration Siswono Yudohusodo echoed yesterday a threat to reveal the names of plantation companies who persisted in employing harmful slash-and-burn methods.

Excelcomindo builds largest microcell network

Excelcomindo builds largest microcell network Private global system for mobile (GSM) operator PT Excelcomindo Pratama is handling the installation of a 15.5- kilometer microcell network in the capital's Golden Triangle to improve its coverage service in Jakarta.Excelcomindo's President Y.W.