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Found 246,918 articles

Bank Indonesia calls for vigilance over rupiah's falls

Bank Indonesia calls for vigilance over rupiah's falls JAKARTA (JP): The Indonesian rupiah weakened against the U.S. dollar yesterday, and the monetary authorities were tightening rupiah liquidity to ease speculation on the currency, dealers said.

Rising military stars leads RI to democracy

Rising military stars leads RI to democracy YOGYAKARTA (JP): The rise of the younger generation to senior positions in the Armed Forces will help boost democratization in Indonesia, a retired general said yesterday.Former Kalimantan military commander Maj. Gen.

EEC unveils its Singa-1 gas flow

EEC unveils its Singa-1 gas flow SYDNEY (Reuter): Energy Equity Corp Ltd (EEC) said yesterday the Singa-1 exploration well in South Sumatera, Indonesia, flowed gas at the rate of 30.7 million standard cubic feet per day during a production test.

Rebels wants Ramos to hold second term

Rebels wants Ramos to hold second term Cotabato City, Philippines (DPA): The Philippines' largest remaining Moslem rebel group said yesterday it wants to see President Fidel Ramos hold a second term after 1998 despite constitutional restrictions to his reelection.

Political motive could be behind currency flurries

Political motive could be behind currency flurries PETALING JAYA, Malaysia (JP): ASEAN countries expressed concern here yesterday over the currency flurry hitting several member states, with some suggesting that the crisis might be politically, not economically, motivated.

Though time for small-scale businesses

Though time for small-scale businessesBy Joko Sarwono BOGOR, West Java (JP): M. Soleh, 74, a small-scale entrepreneur and horticulturist dealing in plant seedlings from Bojong Gede subdistrict, complains that since 1990 his business has been quite sluggish.

Debate on Salim Group's move continues

Debate on Salim Group's move continues JAKARTA (JP): The government sees the Salim Group's plans to sell Indocement's 50.1 percent stake in the world's largest noodle-maker to a Singapore-based bread-maker, QAF Ltd., as beneficial to the shareholders, a senior official said yesterday.

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Tunjungan Crystal Hotel, Jl. Tunjungan 102-104: - Lounge Bar: Stief's Band, Tuesday, Thursday, Saturday, open at 8 p.m. to 12 p.m. * Mirama Hotel, Jl. Raya Darmo 58-76: - Mirama Bar: Desire Band, Monday. Haztoria Band, Tuesday.

Liberalization of ASEAN trade, markets sought

Liberalization of ASEAN trade, markets sought LOS ANGELES (AFP): Secretary of State Madeleine Albright said yesterday she will press Southeast Asian nations to liberalize their trade and financial markets.

Regional bankers prepare to tackle currency crisis

Regional bankers prepare to tackle currency crisis SHANGHAI (AFP): East Asian and Pacific central bankers began arriving here yesterday on the eve of a key annual meeting as Southeast Asian currencies faced further selling pressure.

AG office questios author over book criticisms

AG office questios author over book criticisms JAKARTA (JP): Author Wimanjaya Liotohe, a known government critic, was questioned at the Attorney General's Office yesterday over his book's criticism of the Soeharto administration.

RI lost to South Korea in ABC championship

RI lost to South Korea in ABC championship JAKARTA (JP): South Korea's KIA Timor shattered local team Aspac's hopes of reaching the final after beating them 86-65 in the semifinals of the 8th Asian Basketball Confederation (ABC) championship yesterday.

Haze disrupts flights

Haze disrupts flights PALANGKARAYA, Central Kalimantan: Thick haze from forest burning has disrupted river and air traffic in the hinterland.Over the past two days, haze has covered much of the North Barito regency, about 350 kilometers from here, virtually blocking-out the sunrise, Antara reported.

City gardens

City gardensFrom MerdekaThe results of the Jakarta Administration's program to provide the capital with more gardens are becoming more and more visible. In many areas of the city we can now see trees and other vegetation.

Minor on trial for drug abuse

Minor on trial for drug abuse JAKARTA (JP): A 17-year-old woman is being tried at the Jakarta Central District Court for possession of 0.0348 grams of third grade heroin with intent to use.Prosecutor Shinta Sasanti said LM was caught in a police operation on May 14 of this year.

Unseeded irawati upsets Benjamas

Unseeded irawati upsets Benjamas JAKARTA (JP): Indonesia's Irawati Moerid Iskandar upset third seeded Thai Benjamas Sangaram 6-3, 6-0 at the US$10,000 Governor Cup Women's Tennis Satellite tournament at the Kemayoran tennis complex yesterday.

Couple face jail terms for fraud

Couple face jail terms for fraud JAKARTA (JP): A state prosecutor asked the Central Jakarta District Court in two separate sessions yesterday to sentence a husband and wife to one year and two years of imprisonment, respectively for fraud.

Soeharto tells banks to reduce problem loans

Soeharto tells banks to reduce problem loans JAKARTA (JP): President Soeharto has called on the country's banking industry to cut down problem loans, strengthen capital and minimize banking crimes.Soeharto told the opening session of an Indonesian National Private Banks Association meeting here...

Ramayana opens new store

Ramayana opens new store JAKARTA (JP): Publicly-listed PT Ramayana Lestari Sentosa, the owner and operator of Ramayana department stores, opened yesterday its 58th outlet.The company said the new Denpasar (Bali ) store occupies 13,000 square meters of floor space in a mall, and is the second...

Hun Sen warns SE Asian nations over entry deferral

Hun Sen warns SE Asian nations over entry deferral PHNOM PENH (AFP): Cambodian leader Hun Sen sent a veiled warning to his Southeast Asian neighbors yesterday saying they had made a big mistake in rejecting his country's bid to join the group.

ASEAN and Cambodia

ASEAN and Cambodia It appears that ASEAN has lost its patience with (Cambodian co-Premier) Hun Sen. By unanimous vote, the association delayed Cambodia's admission until the ongoing conflict is resolved.

TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Kelley 3:10 Children's Program: Tunas 3:35 Talk Show: Sambung Rasa 4:00 Regional News 4:30 Student's Quiz: Cerdas Cermat 5:10 Film: Home Green Home 5:25 Variety Show: Serba-Serbi 5:30 Music: Paket 27 6:00...

Police detain 630 soccer fans from Surabaya

Police detain 630 soccer fans from Surabaya JAKARTA (JP): City Police were holding about 630 soccer fans from Surabaya, East Java, for causing trouble, ranging from robbery and extortion to stealing food, a City Police official said.

Military police chief installed

Military police chief installed JAKARTA (JP): Greater Jakarta Military Commander Maj. Gen. Sutiyoso installed Lt. Col. Subagya Jiwapraja, a former Bogor Military Police detachment commander, as the new detachment commander of the Jakarta Military Garrison yesterday.Subagya replaced Lt. Col.

Colonizers owe colonized

Colonizers owe colonized I refer to the letter Colonizers that bad? (July 22). Colonialism is definitely a bad dream for Indonesians. Mr. Budi Setiawan must have read the same books I have.These books recount the pains our people endured a long time ago, about forced labor in Java introduced by the...

Where to go in Bali:

Where to go in Bali:Music and entertainment * Bali Cliff, Pecatu: Frog Dance, Saturday, Balinese Theater, Ramayana Ballet, Monday, Kecak Dance, Tuesday and Saturday, Legong Dance, Wednesday, Mask Dance, Thursday, Jegog Orchestra, Friday, Tektekan Calonarang, Sunday, from 8.30 p.m.

National horse racing start

National horse racing start JAKARTA (JP): East Java and North Sulawesi will be battling hard to win the first leg of the 31st Soeharto Cup horse racing national championship at Pulo Mas track Sunday.Last year's champion North Sulawesi, which will host the second series of the Cup in September, has...

Intellect wins RI contract

Intellect wins RI contract PERTH (Reuter): Electronic commerce firm Intellect Holdings Ltd said it had signed a A$13 million contract to install 17,000 terminals in Indonesia.The company, which makes payment systems and smart card readers among other things, did not identify the other parties in...

Polysindo secured notes priced at 9.37 percent

Polysindo secured notes priced at 9.37 percent JAKARTA (JP): Indonesia's largest polyester producer, PT Polysindo Eka Perkasa, has announced the pricing of its guaranteed secured notes at a coupon of 9.37 percent.The spread of the US$250 million notes, rated Ba2/BB+, to the U.S.

The agony and ecstasy of Yoes Rizal's paintings

The agony and ecstasy of Yoes Rizal's paintingsBy Chandra Johan JAKARTA (JP): Vincent Van Gogh once wrote that quick work doesn't mean less serious work, as it all depends on one's self- confidence and experience.

WVI Foundation donates to orphanages

WVI Foundation donates to orphanages JAKARTA (JP): The World Vision Indonesia (WVI) Foundation donated equipment worth Rp 150 million (US$58,000) to orphanages throughout Greater Jakarta yesterday.The donation, given in conjunction with the commemoration of national Children's Day yesterday, was...

Bapepam to rule security trading

Bapepam to rule security trading JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) is now preparing at least six rules to regulate asset-backed securities trading.Agency chairman I Putu Gede Ary Suta said yesterday the rules were needed to ensure the trading of the asset-backed...

Pertamina determined to take over CPP field

Pertamina determined to take over CPP field JAKARTA (JP): State-owned oil and gas company Pertamina asserted yesterday the government would not change its decision allowing the company to take over the Coastal Plains Pakanbaru (CPP) oil field in central Sumatra from PT Caltex Pacific Indonesia...

Mitsubishi spurs U.S. units

Mitsubishi spurs U.S. units TOKYO (AFP): Japan's Mitsubishi Motors Corp. has decided to inject US$350 million into its two U.S. units in a bid to offset accumulated losses, a company spokesman said yesterday.

Laos, Myanmar join ASEAN

Laos, Myanmar join ASEANBy Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): Laos and Myanmar were admitted as full members of the Association of Southeast Asian Nations (ASEAN) in a modest ceremony here yesterday, bringing the group one step closer to creating a united region.

Rupiah stabilizes but more attacks expected

Rupiah stabilizes but more attacks expected JAKARTA (JP): The Indonesian rupiah was stabilizing against the U.S. dollar yesterday, but dealers warned that attacks on the rupiah would continue this week.

Yayuk determined to make top 20

Yayuk determined to make top 20 JAKARTA (JP): Indonesia's top women's tennis player Yayuk Basuki will concentrate on breaking into the top 20 players and leave it up to the Indonesian Tennis Association to decide if she is to play in the 19th SEA Games here in October.

ASEAN 10 minus 1

ASEAN 10 minus 1 ASEAN's dream almost came true yesterday. The Association of Southeast Asian Nations (ASEAN) formally admitted two new members -- Myanmar and Laos -- on the eve of its annual foreign ministers' meeting in Kuala Lumpur. This brings its membership to nine.

Currency drama

Currency drama The script is by no means finished, but the recent currency drama could have a strong effect on Southeast Asia. It is, perhaps, fitting to view this issue in terms of a financial statement.

ASEAN insurers 'must join forces or fail'

ASEAN insurers 'must join forces or fail' KUALA LUMPUR (Reuter): Southeast Asian insurers should form regional alliances or risk dying under the onslaught of foreign players sweeping in as the pace of liberalization grows, Malaysian Deputy Finance Minister Wong Se Wah said yesterday.

40 job seekers cheated

40 job seekers cheated JEMBER, East Java: Forty workers are demanding compensation from the PT TSW labor agency for failing to send them to Malaysia as scheduled.The workers claimed they had paid between Rp 350,000 (US$140) and Rp 400,000 in application fees to the company, which has its...

Mega supporters to commemorate July 27 tragedy

Mega supporters to commemorate July 27 tragedy JAKARTA (JP): Supporters of Megawati Soekarnoputri will commemorate the first anniversary of the July 27 riot despite the government's apparent objection.They said yesterday the commemoration would include a group prayer Saturday night at the deposed...

Give praise where it's due

Give praise where it's dueFrom KompasIn the weeks leading up to the Fed Cup tennis meet between Indonesia and Italy, many good words were voiced in official statements to the press. This was a fresh change from harsh sentiments. I myself always admire the achievements of athletes.

Jack Chia to buy RI's firm

Jack Chia to buy RI's firm SINGAPORE (Reuter): Singapore's Jack Chia-MPH Ltd said yesterday its subsidiary, Shurland Ltd, and other parties, had agreed to buy confectioner P.T. Hudson Indonesia Ltd for US$5.7 million.

Thai privatization plans revived

Thai privatization plans revived BANGKOK (Reuter): Thailand's severe economic problems have nudged its politicians into reviving the sluggish privatization of state enterprises as the government seeks funds to tackle a growing fiscal deficit.

Korea and Japan set for new World Cup battle

Korea and Japan set for new World Cup battle ZURICH (AFP): Japan and South Korea, which had to settle for a draw when they fought over the right to hold the 2002 World Cup soccer finals, clash again for the right to go to the 1998 finals in France.

El Nino raises 1998 coffee crop concerns

El Nino raises 1998 coffee crop concerns SINGAPORE (Reuter): A dry spell, believed to have been triggered by the El Nino weather pattern, is beginning to bite on Indonesian coffee farms and may disrupt the current tree flowering for next year's crop, traders said yesterday.

Sutiyoso wins more support

Sutiyoso wins more support JAKARTA (JP): Jakarta Military Commander Maj. Gen. Sutiyoso received more support for his nomination as Jakarta's next governor from the city branch of Kosgoro, an organization affiliated with Golkar, yesterday.

Delifrance enters Indonesia

Delifrance enters Indonesia SINGAPORE (Reuter): A new joint venture in Indonesia involving Delifrance Asia Ltd should eventually have a turnover of some Singapore $100 million a year, an official from the Indonesian side of the venture said yesterday.

30th AMM opens with one less member than expected

30th AMM opens with one less member than expectedBy Meidyatama Suryodiningrat PETALING JAYA, Malaysia (JP): Less than a month ago many envisioned the start of today's two-day ASEAN Ministerial Meeting (AMM) as the dawn of a new era for the organization.