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Found 246,918 articles

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.

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.

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.

'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.

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.

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...

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.

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.

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.

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...

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...

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...

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.

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...

'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.

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.

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).

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...

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.

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.

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.

ADB officials on visit to Indonesia

ADB officials on visit to Indonesia JAKARTA (JP): Seven members of the Manila-based Asian Development Bank's board of directors are scheduled to begin their 14-day official trip to Indonesia today.The delegation, led by K.

Cities need restructurization

Cities need restructurizationBy Tommy Firman BANDUNG (JP): The developing countries of ASEAN, notably Malaysia, Indonesia and the Philippines, are transforming their agrarian-based economy into an industrial one and registering a high economic growth in the process.

Promote traditional games among children: Surjadi

Promote traditional games among children: Surjadi JAKARTA (JP): About 940 children performed traditional Indonesian games at a fiesta at Ragunan Zoo, Pasar Minggu, South Jakarta over the weekend.The fiesta included traditional playground games, dances, sports and a bazaar.

BPS postpones $100 million mortgage-backed securities

BPS postpones $100 million mortgage-backed securities JAKARTA (JP): Publicly listed Bank Papan Sejahtera (BPS) has postponed launching its US$100 million mortgage-backed securities due to continued uncertainty over the country's monetary situation.

Groundbreaking ceremony of Koridor Satrio canceled

Groundbreaking ceremony of Koridor Satrio canceled JAKARTA (JP): The city administration abruptly canceled the groundbreaking for Jakarta's first international tourism and shopping belt just hours before the ceremony was scheduled to go ahead yesterday evening.

Foreign investment reaches $31.56b in Vietnam

Foreign investment reaches $31.56b in Vietnam HANOI (AFP): Vietnam's foreign investment approvals have reached US$31.56 billion since the country's financial opening to the outside world a decade ago, the official Vietnam News Agency reported yesterday.

Brokers enter Ujungpandang

Brokers enter Ujungpandang JAKARTA (JP): Four securities companies are set to begin operations in Ujungpandang, South Sulawesi, following the opening of the city's Capital Market Information Center on Friday.

IPB gets new buildings

IPB gets new buildings BOGOR (JP): The state Bogor Institute of Agriculture, known as IPB, is expanding its education facilities by constructing three more buildings, a senior official said.Rector Soleh Solahudin said during a groundbreaking ceremony yesterday that the Rp 144 billion (US$49...

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Painting Exhibition: Nuansa Decoratif by Sutopo, Djoko Maruto, Petrus Pranagung at Mon Decor Gallery, Jl. Gunung Sahari Raya No.1 Blok B 13-14 Central Jakarta, 9 a.m. to 8 p.m., until Sept. 14.

Malaysia celebrates 40th national day

Malaysia celebrates 40th national day KUALA LUMPUR (AFP): Colorful celebrations kicked off Malaysia's commemoration yesterday of its 40th national day, starting with a grand parade and musical performances in Kuala Lumpur.

Forest fires destroy 300,000 hectares this year

Forest fires destroy 300,000 hectares this year SEMARANG (JP): Fires in this year's dry season have destroyed 300,000 hectares of forest in Kalimantan and Sumatra, State Minister of Environment Sarwono Kusumaatmadja said here Saturday.

BLHI against uniform shoes

BLHI against uniform shoesFrom Sinar PagiThe appeal that some officials from the Ministry of Education and Culture have made to parents, regarding the purchase of shoes with the brand name Osis (School Pupils Organization), is not only out of place and illegal but it also deviates from the...

Police reach out to city students

Police reach out to city students JAKARTA (JP): Police officers will take on the role of inspectors at flag-raising ceremonies in Jakarta's junior and high schools in a program aimed at lowering juvenile delinquency, spokesman Lt. Col. E. Aritonang said over the weekend.

BCA explains

BCA explains We thank Mrs. Leany N. Harsa for the input she has given us concerning the service at BCA Bogor (Telephone bill woes, Aug. 15), on receiving cash payments for telephone bills.We understand her and her friend's disappointment because they feel they were discriminated against to the...

TV today

TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 TV Series: Lucan 3:10 TV Drama: Diantara Kita 3:35 Religious Teachings: Hindu 4:00 Regional News 4:30 Creative Program: Karya Inovatif 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Scouting Program: Purworejo Berirama 6:00 News:...

Making your office an ergonomic workplace

Making your office an ergonomic workplaceBy Zatni Arbi JAKARTA (JP): Four members of the administrative support staff share a room on the 11th floor at the office where I work. One of them has just been relocated from his former room downstairs into this room.

E. Java police pledge renewed efforts on Marsinah's murder

E. Java police pledge renewed efforts on Marsinah's murder SURABAYA (JP): Newly-installed East Java Police Chief Maj. Gen. Moch. Dayat has promised to step up the investigation into the four-year-old murder of labor activist Marsinah.

Jakarta needs new directive on spatial plan

Jakarta needs new directive on spatial plan JAKARTA (JP): The head of Jakarta's Spatial Planning Agency, Ahmaddin Ahmad, has urged the government to issue a new directive for Law No.24/1992 on spatial planning to prevent further overlapping of development projects.

Mahathir renews attack on foreign speculators

Mahathir renews attack on foreign speculators KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad Saturday marked the eve of his country's 40th anniversary with a renewed attack on "irresponsible" foreign speculators who he likened to "wild beasts.

BI restricts foreign exchange trading at $5 million

BI restricts foreign exchange trading at $5 million JAKARTA (JP): Bank Indonesia (central bank) moved over the weekend to limit forward foreign exchange trading to US$5 million to confine speculative dollar buying.Central bank governor J.

Belo to attend humanism seminar

Belo to attend humanism seminar DILI, East Timor: Dili Bishop Carlos Filipe Ximenes Belo will leave Jakarta today for Prague for an international seminar on humanism.The seminar on humanism in the 21st century is scheduled to open Thursday.

Cashew group calls to monopoly rights

Cashew group calls to monopoly rights MAUMERE, Flores (JP): The Inter-Island Traders Association has protested the East Nusa Tenggara governor's decision to grant PT Sekar Alam monopoly rights over cashew trading in Sikka district.The association's district chapter head M.

Asian LNG market to could see rapid growth: Report

Asian LNG market to could see rapid growth: Report LONDON (Reuter): Asia's liquefied natural gas market could see rapid growth in coming years due to a widening supply-demand gap despite new Gulf producers coming on stream, Morgan Stanley said in a report.

Singaporean theater group charms with simple appeal

Singaporean theater group charms with simple appealBy Yenni Kwok JAKARTA (JP): The Theatre Practice proved that simplicity charms and does not kill a performance.This Singaporean theater company staged two monolog plays at Taman Ismail Marzuki, Central Jakarta, last Sunday as part of Teater Koma's...

Pirated software: Your gain and loss

Pirated software: Your gain and lossBy Zatni Arbi JAKARTA (JP): You've just returned from a trip to your favorite CD-ROM shop in Glodok, downtown. The store has the latest computer programs and their collection is simply the most complete.

What people think about piracy

What people think about piracy JAKARTA (JP): Originality does not always count, at least, not for pirates and those who use pirated items.The cheap prices of fake items, their wide availability and their "relatively good" quality have lured people to buy them.

Tattoo artist tries to erase lingering stigma

Tattoo artist tries to erase lingering stigmaBy Tedy Novan YOGYAKARTA (JP): The soft burr of the tattoo needle can be heard beneath the upbeat country music in the tiny room. The punk-styled young man daubs a man's back with alcohol and starts to sketch.

Songbird Vina returns after two-year hiatus

Songbird Vina returns after two-year hiatusBy Yogita Tahil Ramani JAKARTA (JP): Pitch black eyes, beautiful hair and animated faces are a dime a dozen among sultry female singers.But utter the song title Burung Camar (Seagull), and the one and only Vina Panduwinata rises from the faceless pack.

Misadventure in the shadow of Krakatau

Misadventure in the shadow of KrakatauBy Listiana Operananta KALIANDA, Lampung (JP): Our appetite for adventure was whetted by seductive TV and newspaper commercials touting a weekend adventure on the tip of Sumatra, near the legendary Krakatau and a beautiful white sandy beach.