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Wed, 27 Aug 1997
Overseas savings taxed
Overseas savings taxed JAKARTA (JP): The Ministry of Finance reaffirmed yesterday the interest received or accrued from deposits and savings held overseas through banks established in Indonesia or foreign banks operating in Indonesia would remain subject to 15 percent income tax.
Wed, 27 Aug 1997
Free plastic surgery for kids
Free plastic surgery for kids JAKARTA (JP): The Dharmais Foundation, chaired by President Soeharto, will soon help 1,000 people with harelips, a foundation executive said yesterday.In cooperation with Indonesia's Plastic Surgeons Association, the foundation will conduct free plastic surgery on 500...
Wed, 27 Aug 1997
Tomen enters Indonesia
Tomen enters Indonesia TOKYO (AFP): Japan's Tomen Corp. and Korea Polyol Co. Ltd. will set up a joint venture in Indonesia for polypropylene glycol (PPG) production, jointly with local concern Aneka Kimia Raya Artika, Tomen said yesterday.
Wed, 27 Aug 1997
Investors huddle with 'powerful partners'
Investors huddle with 'powerful partners' JAKARTA (JP): Investors cling to politically well-connected partners to safeguard against upheaval, despite the fact that political risks are highly unpredictable, an observer says.
Wed, 27 Aug 1997
Indonesia's capital market: A commitment to progress
Indonesia's capital market: A commitment to progress It seems only yesterday when President Soeharto, accompanied by then minister of finance Ali Wardhana, inaugurated on August 10, 1977, the Capital Market Supervisory Agency (Bapepam).
Wed, 27 Aug 1997
Uniform shoes a marketing ploy
Uniform shoes a marketing ploy A private shoe company's initiative has developed into quite a talking point among parents in Indonesia. The issue is whether students should be made to wear uniform shoes supplied by PT Aryo Nusa Pakarti (ANP).
Tue, 26 Aug 1997
Soebadio won't testify at his secretary's trial
Soebadio won't testify at his secretary's trial JAKARTA (JP): Soebadio Sastrosatomo, the former leader of the defunct Indonesian Socialist Party, vowed yesterday he would not testify against his secretary who is standing trial for allegedly defaming President Soeharto.
Tue, 26 Aug 1997
Floods kill 3 in Malaysia
Floods kill 3 in Malaysia KUALA LUMPUR (DPA): A tropical storm that battered northern Malaysia over the weekend caused widespread flooding and killed three people, including a two-week-old infant whose cradle was blown away by strong winds, news reports said yesterday.
Tue, 26 Aug 1997
Thai navy to fight floods
Thai navy to fight floods BANGKOK (AFP): Thai Prime Minister Chavalit Yongchaiyudh said yesterday that four navy ships and soldiers were being sent to southern Thailand, where flood waters up to two meters deep have killed six people.
Tue, 26 Aug 1997
Former Thai PM calls for unity amid crisis
Former Thai PM calls for unity amid crisis BANGKOK (AFP): Thailand's respected elder statesman Prem Tinsulanonda appealed to the opposition and the nation yesterday to rally around beleaguered Premier Chavalit Yongchaiyudh to help the country weather its chronic economic storm.
Tue, 26 Aug 1997
Gatorade aims to boost share in local market
Gatorade aims to boost share in local market JAKARTA (JP): PT Gatorade Indonesia, a joint venture of the U.S.-based beverage producer Gatorade and its local partner, PT Ades Alfindo Putra Setya, expects to increase its market share in the country's soft drinks to 2 percent from less than 1 percent.
Tue, 26 Aug 1997
Toyota boosts parts output
Toyota boosts parts output TOKYO (AFP): Japan's Toyota Motor Corp. will enhance its auto parts procurement systems in the United States, Europe and Southeast Asia in line with plans to boost overseas output, a major economic daily said yesterday.
Tue, 26 Aug 1997
Alleged killer arrested
Alleged killer arrested JAKARTA (JP): The City Police have arrested the prime suspect in the killing of Sudrajat, 23, a resident of Pondok Kopi, East Jakarta, whose body was dumped in a ditch in Klender on Wednesday, an officer said yesterday.City Police Spokesman Lt. Col. E.
Tue, 26 Aug 1997
Jaya set to produce elevators
Jaya set to produce elevators JAKARTA (JP): PT Pembangunan Jaya and PT Jaya Teknik Indonesia, subsidiaries of the Jaya Group, have joined Japan's Mitsubishi Electric Corporation to be the first elevator and escalator manufacturer in the country.
Tue, 26 Aug 1997
'Govt has no intention of influencing MPR'
'Govt has no intention of influencing MPR' JAKARTA (JP): President Soeharto asserted yesterday that the government has no intention of influencing the People's Consultative Assembly (MPR), which is the supreme holder of people's sovereignty.
Tue, 26 Aug 1997
Jl. Thamrin beautification plan open to adjustment
Jl. Thamrin beautification plan open to adjustment JAKARTA (JP): The plan to tear down fences and widen sidewalks along Jl. M.H. Thamrin to make the street "friendlier" is open to adjustment based on the situation at each building, according to a city official.
Tue, 26 Aug 1997
Investors batter regional stocks
Investors batter regional stocks SINGAPORE (Reuter): Investors battered stocks in Indonesia, Thailand, Malaysia and the Philippines yesterday while markets in the rest of Asia were narrowly mixed.High interest rates on time deposits lured investors away from stocks in Indonesia, pulling the Jakarta...
Tue, 26 Aug 1997
Interfaith dialog faces obstacles
Interfaith dialog faces obstaclesBy Th. Sumartana YOGYAKARTA (JP): An interfaith dialog, in the context of pluralism, cannot be conducted today the way Socrates and his contemporary Greek philosophers did in the past.
Tue, 26 Aug 1997
Where to go in Jakarta:
Where to go in Jakarta:Exhibitions * Painting Exhibition: by Sri Hadhy, Tulus Warsito, Sukriyal Sadin and Kristiyanto at Hotel Kristal Jl. Tarogong Raya, Cilandak Barat, South Jakarta, 24 hours, until Sept. 30.
Tue, 26 Aug 1997
Travel permits for locals
Travel permits for localsFrom Media IndonesiaMedia Indonesia reported on Aug. 12 that any Indonesian planning to holiday in Bali was "required" to carry a travel permit (SPKD). Students with identification (KTP) and student cards were detained because they could not produce their SPKD permits.
Tue, 26 Aug 1997
Petojo traders push for kiosk guarantee
Petojo traders push for kiosk guarantee JAKARTA (JP): Five representatives of 829 traders from the Petojo Ilir market in Central Jakarta visited the City Council yesterday, asking for a guarantee they would not be evicted and that kiosk prices would not be hiked when market renovations were...
Tue, 26 Aug 1997
Denso Indonesia creates total harmony in operations
Denso Indonesia creates total harmony in operations "If it ain't broke, don't fix it" has been embraced as the comforting business maxim for companies stubbornly resistant to change.For PT Denso Indonesia Corp, maintaining an established business system has been its recipe for success over the past...
Tue, 26 Aug 1997
More Asian offers on WTO liberalization sought
More Asian offers on WTO liberalization sought BANGKOK (DPA): Despite a region-wide financial crisis the United States anticipates more offers from Asian countries on liberalization of their financial services at World Trade Organization (WTO) negotiations next September, a top U.S.
Tue, 26 Aug 1997
Mar'ie warns East Asian of being complacent
Mar'ie warns East Asian of being complacent JAKARTA (JP): Indonesian Minister of Finance Mar'ie Muhammad yesterday warned East Asian countries, which the World Bank has called the economic miracle, against being complacent and overconfident.
Tue, 26 Aug 1997
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 Travel: My Country 2:35 Children's Film: Mooncat 3:10 Teenagers' Program: Ramaja Indonesia 3:35 Educational Program: Kuliah Universitas Terbuka 4:00 Regional News 4:30 Teenagers' Drama: Retak 5:00 English Lessons 5:25 Variety Show: Music City Today 5:30...
Tue, 26 Aug 1997
Golkar faction tips Soeharto
Golkar faction tips Soeharto JAKARTA (JP): The Golkar faction at the House of Representatives called on its executive board yesterday to announce incumbent President Soeharto as the ruling political organization's candidate for the 1998/2003 presidency.
Tue, 26 Aug 1997
Ministry denies endorsing uniform shoes project
Ministry denies endorsing uniform shoes project JAKARTA (JP): The Ministry of Education and Culture denied yesterday reports that it endorsed a project that would have a shoe manufacturer monopolize sales of shoes for 26.5 million elementary school students.
Tue, 26 Aug 1997
Action sought against illegal maid suppliers
Action sought against illegal maid suppliers JAKARTA (JP): The City Manpower Agency should take stern action against illegal agencies supplying household helpers, a councilor said yesterday.City council deputy speaker Sugeng Suprijatna made the remark in response to the prevalence of such agencies...
Tue, 26 Aug 1997
Kalianda resort to be green: Nirwan
Kalianda resort to be green: Nirwan KALIANDA, Lampung (JP): The management of a planned 350- hectare integrated beach resort says it will use environmentally sound practices as it builds the resort.PT Krakatau Lampung Tourism Development Corporation's vice chairman and principal shareholder, Nirwan...
Tue, 26 Aug 1997
Vietnam inflation up at 3.6%
Vietnam inflation up at 3.6% HANOI (AFP): Vietnam recorded a year-on-year inflation of 3.6 percent in the month to Aug. 25 against a 3.1 percent annual rise in July, according to official figures released yesterday.Monthly inflation in August was only 0.
Tue, 26 Aug 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 25, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 700 0 12,500 AHAP Insurance 2,500 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 900 -100 86,000...
Tue, 26 Aug 1997
ASEAN plans special fund
ASEAN plans special fund KUALA LUMPUR, Malaysia (AP): Southeast Asian nations will set up a special fund to help nations hurt by the recent fall of their currencies, according to Malaysian Finance Minister Anwar Ibrahim.
Tue, 26 Aug 1997
Thai economic woes hit regional currencies
Thai economic woes hit regional currenciesBy Anil Penna SINGAPORE (AFP): Strong corporate demand for the U.S. dollar coupled with Thai economic woes threaten to keep Southeast Asian currency markets on edge after short-circuiting a rally by regional units.
Tue, 26 Aug 1997
AMP to sell insurance unit to Dharmala
AMP to sell insurance unit to Dharmala SYDNEY (Reuter): The Australian Mutual Provident Society, Australia's largest insurer and funds manager, said on Monday that its joint venture Indonesian life insurance company AMP Panin Life would be sold to Dharmala Manulife.
Tue, 26 Aug 1997
Footwear before education?
Footwear before education? I refer to the news story Pupils' shoes will be made uniform nationwide published in Kompas on Aug. 22. Is such an idea necessary?The project targets about five million students and has been tested in two provinces: East Java and Central Java.
Tue, 26 Aug 1997
Business and new nationalism
Business and new nationalism Besides the rate of the rupiah -- which, although strengthening, is still under attack by speculators -- two other major issues appear to have been discussed during Friday's meeting of the monetary board.
Tue, 26 Aug 1997
Mulia Senayan to open mid September
Mulia Senayan to open mid September JAKARTA (JP): Hotel Mulia Senayan on Jl. Asia Afrika is scheduled to open mid next month, less than a year after the project started in November 1996.Minister of Tourism, Post and Telecommunications Joop Ave said here yesterday the hotel project was a miracle...
Tue, 26 Aug 1997
King Bolkiah visits Malaysia
King Bolkiah visits Malaysia KUALA LUMPUR (AFP): Brunei's King Hassanal Bolkiah arrived here yesterday for a four-day official visit to strengthen bilateral ties between the two countries.The Brunei king was met at the airport by Prime Minister Mahathir Mohamad, Bernama news agency reported.
Tue, 26 Aug 1997
Artesian well and village wells
Artesian well and village wellsFrom Suara KaryaReports Suara Karya carried Aug. 15 on page 3 on two incidents of unrest which broke out in two locations in Bandung, West Java, were indeed of great interest.
Tue, 26 Aug 1997
World Bank extends aid
World Bank extends aid PADANG, West Sumatra: The World Bank has extended financial aid to help develop 10,848 hectares of a 32,000-hectare swampland in Silaut subdistrict, Pesisir Selatan district.Some Rp 18.
Tue, 26 Aug 1997
Petronas plans group in shipping
Petronas plans group in shipping KUALA LUMPUR (AP): Malaysian national oil company Petroliam Nasional Bhd. (Petronas) has acquired a 29.3 percent stake in Malaysia International Shipping Corp Bhd. (MISC) as part of a plan to create a major shipping group, sources said yesterday.
Tue, 26 Aug 1997
Rupiah stable but local stocks fall 5.5%
Rupiah stable but local stocks fall 5.5% JAKARTA (JP): Local stock prices plummeted further yesterday in reaction to high interest rates as the government maintained its tight monetary policy to prop up the rupiah, analysts and dealers said.After falling 4.
Tue, 26 Aug 1997
China, S'pore sign air services deal
China, S'pore sign air services deal SINGAPORE (AFP): China and Singapore signed an aviation agreement yesterday allowing for an expansion of air services between the two countries to boost trade and tourism.
Tue, 26 Aug 1997
More opposition to decree on preemptive powers
More opposition to decree on preemptive powers JAKARTA (JP): Two more scholars jumped on the bandwagon of those opposing the recent motion to reintroduce a People's Consultative Assembly (MPR) decree that would give the president preemptive powers against subversive activities.
Tue, 26 Aug 1997
Sjarifudin hails plan to scrap Bulog monopoly
Sjarifudin hails plan to scrap Bulog monopoly JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah said yesterday he fully supported the government's plan to scrap the National Logistics Agency's (Bulog) trading monopoly in several food commodities.
Tue, 26 Aug 1997
Broadcasting bill deliberation starts
Broadcasting bill deliberation starts JAKARTA (JP): The House of Representatives began re- deliberating yesterday the broadcasting bill that the government refused to enact after it was passed by the House last December.
Tue, 26 Aug 1997
Joop Ave discourages telephone chat-lines
Joop Ave discourages telephone chat-lines JAKARTA (JP): The government discouraged yesterday the use of telephone chat-line services, saying many had been exploited as a medium for sexually related activity.
Tue, 26 Aug 1997
Life in the mouse bunker
Life in the mouse bunker I was concerned by the story Scarcity of experts hampers computer networking growth published in The Jakarta Post on Aug. 21, 1997.The explosive growth we have seen in the datacoms business is just foreplay.
Tue, 26 Aug 1997
Fast-food outlets beef up burger price war
Fast-food outlets beef up burger price warBy Stevie Emilia JAKARTA (JP): Despite the government's call for a return to local cuisine, competition among foreign fast-food outlets is getting tougher.On the streets children are saying "beef-beef", mimicking McDonald's latest advertisement on the...
Tue, 26 Aug 1997
SE Asian currency trade mixed, baht still weak
SE Asian currency trade mixed, baht still weak SINGAPORE (Reuter): Southeast Asian currencies veered from their recent tendency to move as a herd yesterday as several revived despite the Thai baht being sold down.