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Tue, 08 Jul 1997
Dragagues wins $107m order
Dragagues wins $107m order HONG KONG (Reuter): Dragagues et Travaux Publics said yesterday its unit PT Dragagues Indonesia had won a US$107 million contract to design and build a four-tower residential complex in Jakarta.
Tue, 08 Jul 1997
State bank mergers to be finalized before next March
State bank mergers to be finalized before next March JAKARTA (JP): Minister of Finance Mar'ie Muhammad said here yesterday the state-owned bank merger process would be finalized before the next cabinet was formed next March."We don't want to burden the next finance minister with the merger problem.
Tue, 08 Jul 1997
Alleged pirates arrested
Alleged pirates arrested JAKARTA (JP): North Jakarta Police have arrested the alleged mastermind of last week's attack on a yacht anchored in Jakarta Bay, North Jakarta.City Police spokesman Lt. Col. E.
Tue, 08 Jul 1997
Energy Equity confirms major gas find in RI
Energy Equity confirms major gas find in RI MELBOURNE, Australia (AP): Energy Equity Corp. yesterday said testing at its Singa 1 gas well in Indonesia had confirmed a major gas discovery that could be in commercial production before the end of 1998.
Tue, 08 Jul 1997
Holiday scam
Holiday scam While shopping recently at Melawai Plaza, PT Vakansi Megah offered my wife the chance to a draw from which we could win a free four-day/three-night stay at their resort (airfares at our expense) in Candi Dasa, Bali.
Tue, 08 Jul 1997
Holidays to keep SE Asian rubber prices weak
Holidays to keep SE Asian rubber prices weak SINGAPORE (Reuter): Southeast Asian rubber prices are seen drifting lower this week on the back of the summer holiday season in Europe and the U.S. although some Chinese inquiries may limit the falls, dealers said yesterday."The market looks no good.
Tue, 08 Jul 1997
Govt may offer bridge project to new investors
Govt may offer bridge project to new investors JAKARTA (JP): The government may offer the Surabaya-Madura bridge project in East Java to other companies if investors now negotiating the US$250 million project do not meet its expectations, a senior official said here yesterday.
Tue, 08 Jul 1997
Lotte Group, BSD agree to tie up
Lotte Group, BSD agree to tie up JAKARTA (JP): Property developer PT Bumi Serpong Damai (BSD) and the Lotte Group of Korea have agreed to jointly build a hotel and a shopping and recreation center in Bumi Serpong Damai, Tangerang, about 25 kilometers west of Jakarta.
Tue, 08 Jul 1997
Legislator criticizes decree on religion
Legislator criticizes decree on religion JAKARTA (JP): A legislator complained yesterday that the 1969 joint ministerial decree on religious propagation had restricted some religious communities' freedom to worship.
Tue, 08 Jul 1997
Low-cost apartment designs on display
Low-cost apartment designs on display JAKARTA (JP): Designs by winners of a low-cost apartment design competition are on display till July 13 at an on-going housing exhibition.The designs at the Jakarta Convention Center in Central Jakarta include concepts on how to make high-rise living acceptable...
Tue, 08 Jul 1997
Malaysian banks told to expand globally
Malaysian banks told to expand globally KUALA LUMPUR (AFP): Malaysia's Deputy Prime Minister Anwar Ibrahim urged local banks yesterday to expand their networks in the global market to bolster their financial standing.
Tue, 08 Jul 1997
Drought hits rice farmers in two provinces
Drought hits rice farmers in two provinces SEMARANG (JP): Many rice producing areas in Java and Kalimantan have begun to feel the pinch of this year's drought which is expected to last until at least the end of October.
Tue, 08 Jul 1997
RI expects US$5.3b in new loans from CGI
RI expects US$5.3b in new loans from CGI JAKARTA (JP): Indonesia expects US$5.3 billion in new foreign loans this year from the Consultative Group on Indonesia (CGI) despite a possible reduction in aid from Japan, a senior minister said.
Tue, 08 Jul 1997
Robusta coffee futures nudges down after firm start
Robusta coffee futures nudges down after firm start LONDON (Reuter): Robusta coffee futures nudged lower by midsession yesterday after a firm start with values coming under renewed pressure from fresh origin hedge selling, traders said.
Tue, 08 Jul 1997
Body found in hotel
Body found in hotel JAKARTA (JP): A body of a man was found yesterday in a room of a hotel on Jl. Pramuka, Central Jakarta.A police sergeant at Central Jakarta Police precinct said the body of Edi Sulaiman, 40, was found by an employee in a room of the hotel at about 6 a.m.
Tue, 08 Jul 1997
Van der Horst to build oil pipeline in Bali
Van der Horst to build oil pipeline in Bali SINGAPORE (AFP): Singapore-based engineering firm Van der Horst Ltd. announced yesterday that it had received an Indonesian turnkey contract to build a US$75.2 million oil pipeline in Bali.
Tue, 08 Jul 1997
Complaints on govt services increase
Complaints on govt services increase JAKARTA (JP): President Soeharto said yesterday that public complaints about government services were rising faster than those about the private sector.While opening a three-day seminar on bureaucratic reform at the State Palace, the President said that low...
Tue, 08 Jul 1997
560 families to be resettled
560 families to be resettled DILI, East Timor: Five hundred and sixty families from local and other islands will be settled in East Timor in three transmigration sites, the local transmigration office's chief said here yesterday.L.
Tue, 08 Jul 1997
Pakpahan seeks treatment abroad through rights body
Pakpahan seeks treatment abroad through rights body JAKARTA (JP): The Indonesian Prosperous Labor Union has asked the National Commission on Human Rights to help its jailed leader, Muchtar Pakpahan, get medical treatment abroad.
Tue, 08 Jul 1997
Man held for beating cop
Man held for beating cop JAKARTA (JP): A man who claimed to be a lawyer was arrested Saturday for beating a traffic policeman in Bekasi, police said yesterday.City Police spokesman Lt. Col. E. Aritonang said that Chief Corporal Warsono was still undergoing medical treatment at Bekasi Hospital for...
Tue, 08 Jul 1997
Govt slashes tariffs, taxes and levies
Govt slashes tariffs, taxes and levies JAKARTA (JP): The government has cut import tariffs on 1,600 items, slashed the number of local taxes and fees, banned new loans for land acquisition and development, and allowed imports of used cargo and fishing vessels.
Tue, 08 Jul 1997
Residents protest intimidation
Residents protest intimidation JAKARTA (JP): Around 50 residents of Plumpang, North Jakarta, went to the National Commission of Human Rights yesterday reporting "intimidation" by a private company.Representatives said the firm, PT Pangsetuluhur, had allegedly started constructing a building and...
Tue, 08 Jul 1997
Five more firms join investment of N. Jakarta
Five more firms join investment of N. Jakarta JAKARTA (JP): The municipality signed a memorandum of understanding with five private investors yesterday for the reclamation of the North Jakarta coast and revitalization of Sunda Kelapa port in North Jakarta.
Tue, 08 Jul 1997
Seminar on hotel, restaurant
Seminar on hotel, restaurant JAKARTA (JP): The Indonesian Hotel and Restaurant Association's Jakarta chapter will hold its quadrennial general assembly and a seminar on "strategies to improve services in the free trade era" next Monday.Chairman Arman R.
Tue, 08 Jul 1997
New reform package
New reform package Judging by its coverage, the new reform package, which was announced yesterday after several delays, is something that was really worth waiting for. The measures, covering the real sectors of the economy as well as fiscal and monetary areas, are not largely the tinkering of...
Tue, 08 Jul 1997
Crisis strife opens old wounds
Crisis strife opens old woundsBy J. Soedjati Djiwandono JAKARTA (JP): The present crisis in Cambodia has put it on the brink of another civil war. But this is an understatement. It is, in fact, already in the middle of a civil war, with fighting raging for several days between the forces of first...
Tue, 08 Jul 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 7, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,275 0 48,000 AHAP Insurance 2,900 0 0 Alter Abadi 1,000 0 0 Alumindo Light Metal 1,225 -25 2,770,500...
Tue, 08 Jul 1997
Where to go in Jakarta:
Where to go in Jakarta:Music * Jamz, Jl. Panglima Polim Raya. No. LMN 11, South Jakarta, at 9.30 p.m. to 1 a.m.: Harvey M, Benny L & Co, Monday. Benny L & Co, Dixie Night, Tuesday. Indra, Jamz Session, Wednesday. Wachdach Band, Thursday. Embong R and Audensi Band, Friday.
Tue, 08 Jul 1997
U.S., S'pore navies in joint exercise
U.S., S'pore navies in joint exercise SINGAPORE (AFP): The U.S. and Singapore navies launched joint exercises yesterday to promote cooperation against mine warfare and boost their readiness to protect international shipping, officials said.
Tue, 08 Jul 1997
The right school
The right school I recently received the Jakarta Post Lifestyle 1997 and want to thank you for its release. The responsible team has certainly scored a hit just as The Jakarta Post has generally done for the last 14 years.
Tue, 08 Jul 1997
Asian motorists enjoy cheaper petrol amid glut
Asian motorists enjoy cheaper petrol amid glut SINGAPORE (Reuter): Motorists in Asia are benefiting from falling petrol prices as oil companies fight for market share amid falling international prices, industry sources said on Monday.
Tue, 08 Jul 1997
Poverty, erosion threaten famed RP rice terraces
Poverty, erosion threaten famed RP rice terracesBy David Thurber BANAUE, Philippines (AP): Since a landslide washed away their land high in Banaue's stunning rice terraces, Antonia Kindipan has earned a small income helping her neighbors farm while her husband has left to work in another province.
Tue, 08 Jul 1997
278 land disputes reported in 1997/98
278 land disputes reported in 1997/98 JAKARTA (JP): Two hundred and seventy-eight land disputes have been reported to the government so far in the 1997/1998 fiscal year, State Minister of Agrarian Affairs Soni Harsono told the House of Representatives yesterday.
Mon, 07 Jul 1997
Singapore to unveil pro-business budget
Singapore to unveil pro-business budget SINGAPORE (Reuter): Finance Minister Richard Hu will unveil a generally pro-business budget on Friday with few surprises, analysts said."I'm not expecting any surprises," Jimmy Koh, regional economist at I.D.E.A, told Reuters.
Mon, 07 Jul 1997
The so-called Millennium Bug: Is it really a threat?
The so-called Millennium Bug: Is it really a threat?By Zatni Arbi JAKARTA (JP): My three-year-old Pentium 90 MHz PC has been sitting here on the desk right behind me for quite some time.I haven't had a chance to re-install the programs I used to run on it since the last time its hard disk was...
Mon, 07 Jul 1997
Coca-Cola's Indian unit
Coca-Cola's Indian unit NEW DELHI (AFP): India cleared a plan by Coca-Cola Co. to invest 700 million dollars and set up two fully-owned subsidiaries, a government spokesman said Saturday."The company has said it would sell off 49 percent of shares in the subsidiaries to Indian shareholders within a...
Mon, 07 Jul 1997
Buy Indonesian
Buy Indonesian President Soeharto has once again appealed to Indonesians to show their appreciation of home-made products. Mothers, he said, should encourage their children to use products made by Indonesians.
Mon, 07 Jul 1997
Cheap imported clothes at Senen Market
Cheap imported clothes at Senen Market JAKARTA (JP): City life often demands people to appear in trendy clothes with outstanding foreign brand names at the workplace and other locations.This often becomes a problem for those who cannot afford brand-name clothes, but still want to be clad in better...
Mon, 07 Jul 1997
Carnaval time at fairgrounds
Carnaval time at fairgrounds JAKARTA (JP): Performers from Brazil, Australia and Poland are among the attractions of the Jakarta Carnaval at the Jakarta Fairgrounds through next Sunday.The Jakarta Percussion Festival is also being staged at the same in venue in Kemayoran, Central Jakarta, tomorrow...
Mon, 07 Jul 1997
Asea Brown Boweri seeks to expand RI operation
Asea Brown Boweri seeks to expand RI operationBy Sona Vora Blessing ZURICH, Switzerland (JP): Asea Brown Boweri's (ABB) presence in Indonesia dates back to before the merger of its parents BBC Brown Boweri and ASEA in 1988.
Mon, 07 Jul 1997
Single PDI congress
Single PDI congressFrom JayakartaI would like to respond to the article Put an end to the PDI conflict with a single congress published in Jayakarta (June 17).If the article describes the Indonesian Democratic Party (PDI) as a kite being chased by children, I imagine the PDI as a chaotic family in...
Mon, 07 Jul 1997
Apartment proposed for city slum areas
Apartment proposed for city slum areas JAKARTA (JP): About 2,700 hectares of the city's slum areas should be turned into cheap apartments, a real estate expert said Friday evening.Speaking after the opening of a housing exhibition at the Jakarta Convention Center on Friday night, the chairman of...
Mon, 07 Jul 1997
Implement Islamic laws with moderation: Anwar
Implement Islamic laws with moderation: Anwar KUALA LUMPUR (AFP): Malaysia wants the implementation of Islamic law and principles to be carried out with moderation and wisdom, Deputy Prime Minister Anwar Ibrahim was reported saying yesterday.
Mon, 07 Jul 1997
Ford, Mazda build plant
Ford, Mazda build plant NEW YORK (Reuter): Ford Motor Co and Mazda Motor Corp may build a new Asian auto plant to expand their production in the region, Bloomberg News reported in the New York Times.The companies are considering building Mazda-developed cars in the Philippines, the paper said.
Mon, 07 Jul 1997
Asia Food is ready to take over Amcol
Asia Food is ready to take over Amcol SINGAPORE (Reuter): Asia Food & Properties Ltd has received valid acceptances from holders of 98.6 percent of Amcol Holdings Ltd's share capital for Asia Food's takeover bid, the Overseas- Chinese Banking Corp (OCBC) said late on Friday.
Mon, 07 Jul 1997
Iraq to attend Arab Games
Iraq to attend Arab Games BAGHDAD, Iraq (AP): Displaying disdain for Kuwait's threat to boycott the event because of the presence of its athletes, Iraq said Saturday that its sportsmen will attend the Arab Games and will begin departing for the competition in Lebanon later this week.
Mon, 07 Jul 1997
KL uses water as political tool
KL uses water as political tool The affluent island state of Singapore is looking beyond Malaysia for its water needs, writes Jacqueline Lee of Inter Press Service. SINGAPORE: Each time a word war erupts between Malaysia and Singapore, residents of this rich city-state are invariably reminded of...
Mon, 07 Jul 1997
RP waters tested for contamination
RP waters tested for contamination MANILA (AP): Officials will check the quality of sea water at the country's beaches following reports of bacterial contamination at the famous Boracay beaches, an official said yesterday.
Mon, 07 Jul 1997
Expert says RI must tackle land and manpower issues
Expert says RI must tackle land and manpower issues JAKARTA (JP): Political analyst Juwono Sudarsono warned Saturday that the country needed effective policymaking to confront land and manpower issues, which he predicted would be the biggest problems in the future.
Mon, 07 Jul 1997
Govt urged to cut its dependency on foreign loans
Govt urged to cut its dependency on foreign loans JAKARTA (JP): Indonesia could reduce its dependency on foreign loans because state revenue from domestic sources had improved in recent years, an economist said over the weekend.