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Wed, 30 Jul 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 29, 1997: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,075 -25 43,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,100 0 76,500 Alumindo Light Metal 1,350 0 297,000...
Wed, 30 Jul 1997
Crash courses not compulsory, says Harmoko
Crash courses not compulsory, says Harmoko JAKARTA (JP): Crash courses for future House of Representatives members are not mandatory, the state minister of special assignments, Harmoko, said yesterday.Prospective House members who do not attend the courses will not face punitive action, said...
Wed, 30 Jul 1997
Newcrest to produce gold in RI
Newcrest to produce gold in RI KALGOORLIE, Australia (Reuter): Newcrest Mining Ltd said yesterday it expects to produce 150,000 ounces of gold annually from its Gosowong project in Indonesia at an average cash cost of US$150 an ounce.
Wed, 30 Jul 1997
Seminar held to woo Thai investors
Seminar held to woo Thai investorsBy Ati Nurbaiti BANGKOK (JP): Indonesian business entrepreneurs seeking cooperation opportunities in Thailand are not discouraged by Thailand's current economic problems.
Wed, 30 Jul 1997
Where to go in Jakarta:
Where to go in Jakarta:Music * The Regent Hotel: Jl. Rasuna Said, Kuningan, South Jakarta: - Garden Terrace: Indonesia's Top Musicians, Friday and Saturday,, 9.30 p.m. to 1 a.m. - Pool Side: Sahata Vocal Group, Saturday, 6.30 p.m. to 9 p.m. * Holiday Inn Crowne Plaza, Jl. Gatot Subroto Kav.
Wed, 30 Jul 1997
Australia and RP to talk security
Australia and RP to talk security KUALA LUMPUR (Reuter): Australia and the Philippines announced yesterday closer cooperation in three areas, including the establishment of formal bilateral security talks, foreign ministers from the two countries said.
Wed, 30 Jul 1997
Thai borrowing from IMF inevitable: Analyst
Thai borrowing from IMF inevitable: AnalystBy Anchalee Koetsawang BANGKOK (Reuter): Rapid loss of investor confidence, festering economic wounds and heavy local pressure will inevitably force Thailand to take more than just IMF advice -- possibly loans or a credit line, analysts said on Monday.
Wed, 30 Jul 1997
Promote religious tolerance, President reiterates
Promote religious tolerance, President reiterates JAKARTA (JP): President Soeharto said yesterday he hoped Indonesia would become a center for excellence in Islamic studies, with its strong commitment toward tolerance and democracy.
Wed, 30 Jul 1997
SE Asian moneys rise, then fall with baht
SE Asian moneys rise, then fall with baht BANGKOK (Reuter): Southeast Asian currencies ended higher but below their best levels yesterday with the Thai baht giving up an early strong gain as operators took the opportunity to hoover up cheaper U.S. dollars.
Wed, 30 Jul 1997
The promises and limits of cloning
The promises and limits of cloningBy Mochtar Buchori JAKARTA (JP): Decades ago, the late, great Isaac Asimov (1920 to 1992), a Russian-born American scientist and prolific writer, coauthored a doggerel verse with Randall Garrett, which reads as follows:Oh, give me a cloneOf my own flesh and...
Wed, 30 Jul 1997
Sutoyoso tells Jakartans to maintain current stability
Sutoyoso tells Jakartans to maintain current stability JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sutiyoso has appealed to Jakartans to keep maintaining current favorable conditions of the capital."If we ease up even a little bit, problems and menaces...
Wed, 30 Jul 1997
Will manpower bill create trouble?
Will manpower bill create trouble?By Kastorius Sinaga JAKARTA (JP): In a hearing on the manpower bill between Forum Nusantara 1928 and the special committee of the Development Functional Faction (FKP) on July 4, an FKP member said the manpower bill resembled a "supermarket bill".
Wed, 30 Jul 1997
AIDS prevention clinic for Bali
AIDS prevention clinic for Bali DENPASAR, Bali: The Australian government will finance an AIDS prevention and information program in Bali, in association with the East Nusa Tenggara and South Sulawesi provinces.
Wed, 30 Jul 1997
Sports council strives to get more Games funds
Sports council strives to get more Games funds JAKARTA (JP): The National Sports Council said yesterday it would have to borrow money for Southeast Asian (SEA) Games training because of a cash shortage.National training director Djoko Pramono said the council had so far got only Rp 16.
Wed, 30 Jul 1997
Eman new speaker of Bogor council
Eman new speaker of Bogor council BOGOR (JP): Eman Akman of the Golkar faction was elected yesterday as new speaker of the Bogor City Council for the 1997/2002 office term, replacing Eddy Surjaman.Eman, who hails from Kuningan, West Java, will be assisted by two deputy speakers -- Pulman Hasibuan...
Wed, 30 Jul 1997
Through the looking glass
Through the looking glassFrom SinarThe dialog between Sinar and psychic Ki Ageng Selo (Sinar No. 43/Tahun IV, 19 Juli 1997) concerning the turmoil predicted to be taking place in 1997, and the emergence of a "hidden hero/heroine" interests me.
Wed, 30 Jul 1997
BNI's new management team
BNI's new management team JAKARTA (JP): Shareholders of state-owned publicly listed Bank Negara Indonesia (BNI) yesterday approved a new board of directors at an extraordinary general meeting, with Widigdo Sukarman remaining president director.
Wed, 30 Jul 1997
World Bank loans
World Bank loans The Washington-based World Bank has been accused of many notorious acts, including raking big profits from its lendings to poor nations. But none of the accusations went as far as the criticism by American professor Jeffrey A.
Wed, 30 Jul 1997
BI sells $1b to stabilize the rupiah
BI sells $1b to stabilize the rupiah JAKARTA (JP): Bank Indonesia Governor J. Soedradjad Djiwandono said yesterday that the central bank had sold US$1 billion on the forward market to stabilize the rupiah.
Tue, 29 Jul 1997
Laos, Myanmar unlikely to join ASEM in near future
Laos, Myanmar unlikely to join ASEM in near futureBy Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): ASEAN is resigned to the fact that its two newest members, Laos and Myanmar, will not be included in the recently formed Asia-Europe Meeting (ASEM) process in the near future.
Tue, 29 Jul 1997
Tirtamas to buy 50 percent of Bank Niaga
Tirtamas to buy 50 percent of Bank Niaga JAKARTA (JP): The widely diversified Tirtamas group announced yesterday plans to acquire 50 percent of publicly listed Bank Niaga for about Rp 756.24 billion (US$290.8 million).
Tue, 29 Jul 1997
Ciputra builds new complex
Ciputra builds new complex JAKARTA (JP): A subsidiary of Ciputra Group is developing a Rp 800 billion (US$307 million) housing complex just outside Jakarta, designed to blend in with the still largely untouched surrounding nature.
Tue, 29 Jul 1997
Locally assembled computers rule at five-day Mega bazaar
Locally assembled computers rule at five-day Mega bazaar JAKARTA (JP): Locally assembled products ruled at the just concluded computer fair, beating big names like IBM and Compaq.But organizers of the "Mega Bazaar Computer '97", which wound up Sunday, said sales dipped 35 percent compared to last...
Tue, 29 Jul 1997
MultiMedia Asia selects ground station supplier
MultiMedia Asia selects ground station supplier JAKARTA (JP): PT MultiMedia Asia (M2A) has selected a French- American consortium to supply an earth station for the company's multimedia satellite communications system.
Tue, 29 Jul 1997
Waiting for Sempati's refund
Waiting for Sempati's refund Before I explain my problem, I would like to state that I have been patronizing Sempati Air since it started its Balikpapan- Jakarta service. After some years flying with Sempati, I became a Preferred Connection Club (PCC) member.
Tue, 29 Jul 1997
Six men to represent Jakarta
Six men to represent Jakarta JAKARTA (JP): The City Council has appointed six city officials to represent Jakarta at the People's Consultative Assembly (MPR), which is assigned the duty of electing the country's leader and adapting five-year state guidelines.
Tue, 29 Jul 1997
Lopez gives cautious welcome to Mandela's offer of help
Lopez gives cautious welcome to Mandela's offer of help JAKARTA (JP): Fransisco Xavier Lopez da Cruz, a senior East Timor politician and a supporter of integration with Indonesia, gave a cautious welcome yesterday to Nelson Mandela's offer to help with the negotiations to end the East Timor...
Tue, 29 Jul 1997
Rupiah recovers against American dollar
Rupiah recovers against American dollar JAKARTA (JP): The Indonesian rupiah strengthened against the U.S. dollar yesterday, in what dealers describe as a recovery after last week's relentless speculative attacks on the currency.
Tue, 29 Jul 1997
Armed men burglarize office in S. Jakarta
Armed men burglarize office in S. Jakarta JAKARTA (JP): Six men broke into an office in Kebayoran Baru, South Jakarta, and threatened three security guards with a gun and stole six computers and a motorcycle yesterday.Local police detective head Second Lt. R.
Tue, 29 Jul 1997
Jember fishermen worried
Jember fishermen worried JEMBER, East Java: Although foreign fishermen have left Nusa Barung, a small island in the East Java province, local traditional fishermen in the Puger district, are worried the better-equipped foreigners will return.
Tue, 29 Jul 1997
ASEAN bank cooperation
ASEAN bank cooperation The agreement reached among the central banks of five ASEAN countries concerning swap transactions underscores their commitment to come to each other's assistance in case problems occur.
Tue, 29 Jul 1997
Plastic poses threat to earth's survival
Plastic poses threat to earth's survival JAKARTA (JP): Plastic, an indispensable product of modern life, is now not only a menace, but also a serious threat to earth's survival, a plastic expert said yesterday.
Tue, 29 Jul 1997
Indonesia sticks to 'nonintervention' idea
Indonesia sticks to 'nonintervention' idea PETALING JAYA (JP): Malaysia's proposal for "constructive intervention" in foreign relations failed to find support among other delegates at the ongoing ASEAN meeting here.
Tue, 29 Jul 1997
Seri Thai leader Seni Pramoj dies
Seri Thai leader Seni Pramoj dies BANGKOK (AP): Seni Pramoj, who defied his government to lead an anti-Japanese movement during World War II and was prime minister three times during Thailand's modern political transformation, died yesterday. He was 92.
Tue, 29 Jul 1997
ASEAN set to steer more activist course
ASEAN set to steer more activist courseBy Bill Tarrant KUALA LUMPUR (Reuter): A newly enlarged Association of Southeast Asian Nations (ASEAN) is preparing to steer a more activist course wielding economic and political clout, analysts and officials said at the weekend.
Tue, 29 Jul 1997
Contract problem halts building of hockey field
Contract problem halts building of hockey field JAKARTA (JP): Field Hockey is in danger of not being ready in time for the 19th SEA Games in October.American company Astro Turf, which was awarded the contract to build the synthetic field, has left the country after not receiving payment for the job.
Tue, 29 Jul 1997
Most Asia-Pacific stock markets rally
Most Asia-Pacific stock markets rally BANGKOK (AFP): Most Asia-Pacific markets rallied yesterday with Thailand leading the pack on news that it would seek international help for its economy .Thai share prices soared 5.
Tue, 29 Jul 1997
New power plant for N. Sulawesi
New power plant for N. Sulawesi JAKARTA (JP): PT Wahana Komunikatama will invest US$400 million in developing a 150 megawatt (MW) geothermal power plant in Tompaso, Minahasa, North Sulawesi."The geothermal power plant is scheduled to come on stream in 2003," said company president Kemal Idris...
Tue, 29 Jul 1997
Albright bangs the drum of democracy
Albright bangs the drum of democracyBy Nick Cumming-Bruce BANGKOK: The United States secretary of state, Madeleine Albright, tried in vain Sunday to persuade Asian nations to use aid as a lever to end the government crisis in Cambodia and faced an uphill task urging them to curb repression in...
Tue, 29 Jul 1997
SE Asian currencies stage tentative recovery
SE Asian currencies stage tentative recovery SINGAPORE (Reuter): Southeast Asia's battered currencies staged a tentative recovery yesterday as the market pinned its hopes on an economic rescue package for Thailand.
Tue, 29 Jul 1997
Private banks still undecided on Timor loans
Private banks still undecided on Timor loans JAKARTA (JP): Private banks invited to join a consortium to finance the national car project have still not decided how much they will lend, or whether they want to participate in the syndicate.
Tue, 29 Jul 1997
Suspected bomb makes police busy
Suspected bomb makes police busy JAKARTA (JP): A suitcase, abandoned at Soekarno-Hatta Airport on Sunday night and suspected of containing explosives, turned out to be a piece of ordinary travel luggage.
Tue, 29 Jul 1997
Air Force celebrates memorial service day
Air Force celebrates memorial service dayBy Sonaji Wibowo JAKARTA (JP): In the wee hours of the morning exactly 50 years ago, three airplanes stood in a remote corner of Maguwo Airport (now Adi Sucipto) in Yogyakarta.
Tue, 29 Jul 1997
Constructive intervention?
Constructive intervention? Given our traditional respect for convention, it seems almost like blasphemy to be even talking about the possibility of the Association of Southeast Asian Nations (ASEAN) intervening in Cambodia.
Tue, 29 Jul 1997
Dayamitra to install 118,000 phone lines in Kalimantan
Dayamitra to install 118,000 phone lines in Kalimantan JAKARTA (JP): PT Dayamitra Malindo, the private company operating a telecommunications network in Kalimantan, announced here yesterday that it would install 118,000 new lines on the island by the end of this year.
Tue, 29 Jul 1997
Sutiyoso or Adang may become next governor
Sutiyoso or Adang may become next governor JAKARTA (JP): Former Jakarta military commander Lt. Gen. A.M. Hendropriyono said yesterday that Maj. Gen. Sutiyoso and Maj. Gen. Adang Ruchiatna were two strong candidates for Jakarta's next governor, both having an equal chance.
Tue, 29 Jul 1997
New look Golkar faces problem in policy reformation
New look Golkar faces problem in policy reformation JAKARTA (JP): The many new faces in the government-backed Golkar faction in the new House of Representatives will be a problem in the political organization's policy reformation, politicians said yesterday.
Tue, 29 Jul 1997
BDNI boosts ATM operation
BDNI boosts ATM operation JAKARTA (JP): Bank Dagang Nasional Indonesia (BDNI) has installed 109 automated teller machine (ATMs) nationally as part of its commitment to improving services, the bank said.BDNI, with total assets of Rp 18.7 trillion (US$7.
Tue, 29 Jul 1997
Wild elephants caught and tamed
Wild elephants caught and tamed BANDAR LAMPUNG, Lampung: A team of workers from the local conservation and natural resources agency is still hunting wild elephants to be tamed and trained.Agency chief Harjanto Wahju Sukotjo said yesterday the team left for the jungle a week ago but was yet to...
Tue, 29 Jul 1997
U.S. defends Soros against currency accusations
U.S. defends Soros against currency accusations PETALING JAYA, Malaysia (JP): The United States defended American billionaire George Soros yesterday against ASEAN members' accusations that he was behind currency fluctuations, arguing that the crisis was caused by economic forces.U.S.