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Sat, 26 Jul 1997
Manila gets ING offer
Manila gets ING offer MANILA (AFP): The Central Bank of the Philippines said yesterday it had received an offer from ING Barings to underwrite a Euro note issue to bolster reserves depleted by its defense of the peso.
Sat, 26 Jul 1997
Asian central banks to boost cooperation
Asian central banks to boost cooperation SHANGHAI (Reuter): Asian central bankers wound up their meeting in Shanghai yesterday with a pledge to strengthen cooperation to assist members in making economic adjustments.
Sat, 26 Jul 1997
Highlights of ASEAN ministers' joint communique
Highlights of ASEAN ministers' joint communique KUALA LUMPUR (AFP): Herewith highlights of the joint communique issued by Association of Southeast Asian Nations (ASEAN) foreign ministers at the end of their annual meeting yesterday:On implementing the decisions of the first ASEAN informal summit in...
Sat, 26 Jul 1997
Partnership needed for health promotion
Partnership needed for health promotion JAKARTA (JP): The fourth International Conference on Health Promotion closed here yesterday, ending with a declaration on health promotion strategy toward the next century.
Sat, 26 Jul 1997
Military guards arrival of more E. Java soccer fans
Military guards arrival of more E. Java soccer fans JAKARTA (JP): More and more East Java soccer fans, a part of whom were netted on Thursday for causing trouble, ranging from extortion to stealing food, arrived yesterday to watch this weekend's National Soccer League tournament finals.
Sat, 26 Jul 1997
Hun Sen must heed ASEAN's message
Hun Sen must heed ASEAN's message Cambodian Foreign Minister Ung Huot must feel like a small boy who visits his neighbor's house just as guests are arriving for a party to which he has not been invited.
Sat, 26 Jul 1997
Man on trial for fraud
Man on trial for fraud JAKARTA (JP): A man, who claimed he was a business partner of a wealthy Brunei Darussalam businessman, was charged with fraud at Central Jakarta District Court yesterday.Businessman Iwan Hendra, 42, a resident of Petojo Barat, Central Jakarta, was accused of violating Article...
Sat, 26 Jul 1997
Two locals move to Governor Cup semis
Two locals move to Governor Cup semis JAKARTA (JP): A veteran and one of the country's best young players are the Indonesian representatives in today's semifinals of the Governor Cup Women's Satellite at the Kemayoran Tennis Center.
Sat, 26 Jul 1997
Mahathir declares verbal war on speculators
Mahathir declares verbal war on speculatorsBy Madhav Reddy KUALA LUMPUR (Reuter): If words could kill, Malaysian Prime Minister Mahathir Mohamad would have wiped out the speculators causing havoc in Southeast Asian currencies.
Sat, 26 Jul 1997
Soerjadi, Megawati and PDI: Facing the realities
Soerjadi, Megawati and PDI: Facing the realities The following is an interview by The Jakarta Post's Yogyakarta correspondent, Asip Agus H, with Gadjah Mada University political science lecturer, Cornelis Lay.
Sat, 26 Jul 1997
Washington wants peaceful solution to Cambodian crisis
Washington wants peaceful solution to Cambodian crisis PHNOM PENH: (Agencies): The United States called yesterday for a peaceful solution to the Cambodian crisis, to allow supporters of the country's ousted first premier to return home ahead of elections next year.U.S.
Sat, 26 Jul 1997
ASEAN central banks renew currency swap accord
ASEAN central banks renew currency swap accord SHANGHAI (Reuter): Central banks from the Association of South East Asian Nations (ASEAN) signed an agreement yesterday to renew a currency swap accord after a one-day meeting in Shanghai.
Sat, 26 Jul 1997
Two Jakartans study pollution
Two Jakartans study pollution JAKARTA (JP): Two Jakarta residents -- Soehatman Ramli and F.A. Gunawan -- have completed their studies in pollution at the University of California, the U.S.The two were enrolled at the University of California Berkeley Extension's Institute in Pollution and Control,...
Fri, 25 Jul 1997
Severino elected new ASEAN secretary-general
Severino elected new ASEAN secretary-generalBy Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): Ministers of the Association of Southeast Asian Nations (ASEAN) concluded their first day of meetings here yesterday by electing Filipino Rodolfo C.
Fri, 25 Jul 1997
Indonesian youth picked up at brothel
Indonesian youth picked up at brothel GOLD COAST, Australia (AP): A 15-year-old illegal immigrant from Indonesia was discovered working at a brothel in far northern New South Wales, an immigration officer said yesterday.
Fri, 25 Jul 1997
Salim's maneuvers
Salim's maneuvers Seen from the business history and stature of the politically well-connected tycoon Sudono Salim in Indonesia, the fire and, in some cases, emotionally nationalistic outbursts drawn by the latest corporate maneuver involving the publicly listed Salim Group companies -- Indocement...
Fri, 25 Jul 1997
Pertamina's capability to operate CPP queried
Pertamina's capability to operate CPP queried JAKARTA (JP): Oil company Medco Energy's president supported yesterday the government decision not to extend Caltex Pacific Indonesia's contract for the Coastal Plains Pakanbaru oil field after its 2001 expiry.
Fri, 25 Jul 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 24, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,150 25 31,000 AHAP Insurance 2,500 0 0 Alter Abadi 1,050 0 28,500 Alumindo Light Metal 1,350 -25...
Fri, 25 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.
Fri, 25 Jul 1997
Lippo Cikarang listed
Lippo Cikarang listed JAKARTA (JP): Urban developing company PT Lippo Cikarang, of the widely diversified Lippo Group, made its capital debut yesterday when listing its shares in the Jakarta Stock Exchange.
Fri, 25 Jul 1997
House okays yearly legislation plan
House okays yearly legislation plan JAKARTA (JP): The House of Representatives approved yesterday an annual legislation program to be delivered by the President during the State Budget plan.Syamsul Mu'arif, who chairs a special committee considering an amendment to the House internal rule, said...
Fri, 25 Jul 1997
Bira's profit up 67%
Bira's profit up 67% JAKARTA (JP): Publicly listed Bank Bira reported yesterday a 51 percent increase in its net profit for the first half of this year to Rp 40.8 billion (US$15.7 million) over the same period of last year.The bank said net interest income rose by 67 percent to Rp 87.
Fri, 25 Jul 1997
The Listening Post
The Listening Post "Building English Skills Through Newspaper + Radio" Produced by American Language Center in cooperation with The Jakarta Post and Radio Sonora FM 100.9 Mhz * Downsizing has cut like the Angel of Death through management in Western firms, as fat, seemingly impregnable corporations...
Fri, 25 Jul 1997
National soccer league semifinals start today
National soccer league semifinals start today JAKARTA (JP): The 110,000-seat Senayan Stadium will again be the focus of soccer fans when four teams -- two from East Java, one each from West Java and South Sulawesi -- play the national soccer league semifinals today.
Fri, 25 Jul 1997
BII to enter Manila
BII to enter Manila MANILA (AFP): Bank Internasional Indonesia (BII) has received permission to set up a representative office in the Philippines, the Central Bank of the Philippines said here yesterday.
Fri, 25 Jul 1997
SE Asian health insurers face soaring costs
SE Asian health insurers face soaring costs KUALA LUMPUR (Reuter): A booming demand for health care services in Southeast Asia is threatening the long term stability of insurers who face soaring costs and rising claims, Industry executives said on Thursday.
Fri, 25 Jul 1997
Soldier elected council chief
Soldier elected council chief UJUNGPANDANG, South Sulawesi: Burhanuddin Ali from the Armed Forces faction was elected chief of the provincial legislative council yesterday amid students protest.Burhanuddin won 37 votes while his only rival, Hasan Saleh, from the dominant Golkar faction, received...
Fri, 25 Jul 1997
Indonesia franchise boosts Delifrance earning prospects
Indonesia franchise boosts Delifrance earning prospects SINGAPORE (Reuter): Delifrance Asia Ltd's expansion of its French-style cafes to Indonesia prompted analysts yesterday to revise upwards the company's earnings prospects."The impact is definitely going to be positive.
Fri, 25 Jul 1997
ASEAN and its future challenges
ASEAN and its future challengesBy Jusuf Wanandi PETALING JAYA, Malaysia (JP): On July 20 to July 23, 1997, ASEAN-Institutes of Strategic and International Studies (ASEAN- ISIS) held its second ASEAN congress in conjunction with ASEAN's 30th anniversary in Kuala Lumpur.
Fri, 25 Jul 1997
SE Asian buyers seek 350,000 tons of corn
SE Asian buyers seek 350,000 tons of corn SINGAPORE (Reuter): Southeast Asian buyers are believed to be seeking 350,000 tons of corn with Indonesia inquiring for 200,000 tons and Thai buyers awaiting government approval to purchase 150,000 tons, traders said yesterday.
Fri, 25 Jul 1997
GoldCorp-Antam deal
GoldCorp-Antam deal PERTH (Reuter): Australia's largest gold refiner, Gold Corporation, said on Thursday it concluded an equipment supply and technical consultancy agreement to upgrade PT Aneka Tambang's (Antam) Logam Mulia precious metals refinery in Jakarta.
Fri, 25 Jul 1997
Police prohibit planned celebration of July 27 riot
Police prohibit planned celebration of July 27 riot JAKARTA (JP): The National Police have prohibited Megawati Soekarnoputri loyalists from commemorating the first anniversary of the July 27 political riot in which five people were killed.Spokesman for the National Police Col.
Fri, 25 Jul 1997
36 Games athletes in Sicily for tryouts
36 Games athletes in Sicily for tryouts JAKARTA (JP): Indonesia's Southeast Asian (SEA) Games athletes will compete in five of the 10 events at the Universiade (Student Games) in Sicily, Italy, from Aug. 19 to Aug. 31.
Fri, 25 Jul 1997
Search for scapegoats as hot money flees Asia
Search for scapegoats as hot money flees AsiaBy Nick Cumming-Bruce BANGKOK: Another bad day for the Thai baht Wednesday threatened more turbulence for the currencies of its Southeast Asian neighbors, just as their club of tiger nations is celebrating its 30th anniversary by admitting two new...
Fri, 25 Jul 1997
Policeman jailed for torture
Policeman jailed for torture BANDUNG: A military court here Wednesday sentenced First Lt. Daniel Tifaona, 28, to nine months and 10 days in prison for the fatal torture of a robbery suspect.Tjetje Tadjudin, 42, had been named both a witness and a suspect in the armed robbery in which one person was...
Fri, 25 Jul 1997
House passes bill on narcotics with leniency on users
House passes bill on narcotics with leniency on users JAKARTA (JP): The House of Representatives endorsed yesterday a bill on narcotics which introduces lenient and heavy penalties.The bill, which will replace the 1976 narcotics law if it is enacted, retains a maximum sentence of death for...
Fri, 25 Jul 1997
RI minister urges S. Korea to help Kia
RI minister urges S. Korea to help Kia SEOUL (AFP): Indonesian Minister of Industry and Trade Tunky Ariwibowo Thursday asked South Korea to take a special interest in the ailing Kia Group, taking into account his country's national auto program.
Fri, 25 Jul 1997
Paribas names Jakarta boss
Paribas names Jakarta boss HONG KONG (Reuter): Paribas Asia Equity said yesterday it has appointed James Spence as president director in Indonesia and Justin Tooth as head of Philippines sales.Niall Shiner joins the firm's Hong Kong research team to cover smaller companies and Walter Lo has been...
Fri, 25 Jul 1997
Indonesian teachers want more allowances
Indonesian teachers want more allowances JAKARTA (JP): The Indonesian Teachers Union urged the government yesterday to do more toward improving the welfare of its more than one million members.Union chairman Basyuni Suriamiharja said the government should offer more allowances to elementary and...
Fri, 25 Jul 1997
Danamon's extra charge
Danamon's extra charge As a customer, my relationship with Bank Danamon only began about 50 days ago but the experience has been disgusting.On July 11, 1997, I transferred a small amount of Australian dollars from my AUD primadollar account to Australia.
Fri, 25 Jul 1997
Plan for five-star pet hotel in Malaysia
Plan for five-star pet hotel in Malaysia KUALA LUMPUR (DPA): Wealthy pet owners in Malaysia will soon be able to go on their holidays with peace of mind, as a five- star hotel for animals is in the offing soon.
Fri, 25 Jul 1997
Over 500 fires occured over last 7 months in the city
Over 500 fires occured over last 7 months in the city JAKARTA (JP): Over 500 fires took place in the capital over the first seven months of the year, City Fire Agency head Suharso said yesterday.Suharso said fires killed 18 people and injured 35 others, burned down 2,978 houses and left 19,390...
Fri, 25 Jul 1997
Construction of subway project delayed by financial problems
Construction of subway project delayed by financial problems JAKARTA (JP): The construction of the long-awaited subway project will be delayed indefinitely because of new problems, mainly from its financial scheme, an official said yesterday.
Fri, 25 Jul 1997
No end to turmoil for SE Asian money
No end to turmoil for SE Asian money SINGAPORE (AFP): Speculators mounted a fresh attack against Southeast Asian currencies yesterday, inspired by bad news out of Thailand which took regional financial markets into a fourth week of turmoil.
Fri, 25 Jul 1997
PSN to build rural telecoms networks
PSN to build rural telecoms networks JAKARTA (JP): Publicly listed PT Pasifik Satelit Nusantara (PSN) is to develop telecommunications networks in West Java using its satellite services in cooperation with PT Telekomunikasi Nusantara Prima (Telnus) and PT Ariawest International.
Fri, 25 Jul 1997
Volleyball World C'ships delayed over debt problems
Volleyball World C'ships delayed over debt problems JAKARTA (JP): The Indonesian Volleyball Association will delay the Ultrajaya Cup Women's Volleyball World Championships scheduled for here next month because of financial problems with promoter Spectrum.
Fri, 25 Jul 1997
Local shipbuilders get contracts
Local shipbuilders get contracts JAKARTA (JP): The state-owned oil and gas company Pertamina signed contracts yesterday with two local shipbuilders to build four 6,500 dead weight ton (DWT) tankers worth US$60 million for the oil company's domestic operation.
Fri, 25 Jul 1997
Japan makes strides in China oil quests
Japan makes strides in China oil quests TOKYO (Reuter): Japan's long-term quest to secure oil and gas reserves in Asia has gained considerable ground in recent weeks, analysts say.On Wednesday, it pocketed rights to a 7,400 square km (2,860 square mile) chunk of remote but potentially lucrative...
Fri, 25 Jul 1997
Outspoken justice changes career
Outspoken justice changes careerJP/leo JAKARTA (JP): Adi Andojo Sutjipto (left, picture above), a former whistle-blower and deputy chief justice, was installed as a dean at Trisakti University yesterday.He plans to share his knowledge with his students.
Fri, 25 Jul 1997
ASEAN watches Cambodia
ASEAN watches CambodiaBy Santi WE Soekanto PETALING JAYA (JP): ASEAN signaled yesterday that Monday's meeting of the Cambodian National Assembly in Phnom Penh could be a benchmark for reconsidering the timing of Cambodia's entry into the grouping.