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Wed, 12 Nov 1997
Integrity at stake in bank closure aftermath
Integrity at stake in bank closure aftermath Bank Andromeda, one of the 16 banks being liquidated, has filed a lawsuit at the State Administrative Court against the government. Analyst Laksamana Sukardi discusses the consequences of the lawsuit.
Wed, 12 Nov 1997
Govt to protect workers facing dismissal
Govt to protect workers facing dismissal JAKARTA (JP): The government promised yesterday to protect workers facing dismissal by companies affected by the economic crisis.Minister of Manpower Abdul Latief told a hearing of House Commission V for manpower and trade that employers could not...
Wed, 12 Nov 1997
Arco produces 1b barrel oil
Arco produces 1b barrel oil JAKARTA (JP): Arco Indonesia marked yesterday its one billionth barrel of oil produced from its offshore Ardjuna field in the Java Sea.Crude oil has been produced at this field since operations started under a production-sharing contract with the state-owned Pertamina in...
Wed, 12 Nov 1997
Bank Jakarta has 'bad ties' with Bank Indonesia
Bank Jakarta has 'bad ties' with Bank Indonesia JAKARTA (JP): President Soeharto's half brother Probosutedjo has implied that a poor relationship between his closed bank, Bank Jakarta, and Bank Indonesia, the central bank, triggered the government's recent decision to close his bank.
Wed, 12 Nov 1997
Motorola enters Laos
Motorola enters Laos BANGKOK (AFP): U.S.-based telecommunications giant Motorola announced here yesterday it is making its latest GSM-system cellular mobile phones available in Laos.The statement came as Laos Telecom, a joint venture between the Laotian government and Shinawatra International of...
Wed, 12 Nov 1997
Elderly get 20% fare discount
Elderly get 20% fare discount JAKARTA (JP): The elderly may now find it easier to travel as they will be given a 20 percent discount in transport fares.In a letter No.SE.11/KH/306/Phb/97 issued on Oct. 2, the Minister of Transportation specified that those over 65-years of age would be given a 20...
Wed, 12 Nov 1997
State facilities for Papuans
State facilities for Papuans MADANG, Irian Jaya: The Merauke regency office says all public facilities available in the area can be used by citizens of Papua New Guinea living close to the border, Antara said.
Wed, 12 Nov 1997
S&P gives 'B+' to APP Finance's $300m notes
S&P gives 'B+' to APP Finance's $300m notes JAKARTA (JP): International rating agency Standard and Poor's has assigned a 'B+' long-term rating to APP Finance Mauritius Ltd.'s US$300 million liquid yield option notes due in 2012.
Wed, 12 Nov 1997
Ineffective supervision
Ineffective supervision The commentaries appearing in the media on the crisis relating to the liquidation of a great number of banks reveals that there is a latent deficiency in the supervision system within the Indonesian corporation structure that was disregarded which subsequently caused the...
Wed, 12 Nov 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 11, 1997: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 850 50 17,000 AHAP Insurance 2,500 0 0 Alter Abadi 525 0 0 Alumindo Light Metal 475 -25 5,000 Alumindo...
Wed, 12 Nov 1997
Mgr. Jos Suwatan elected bishop conference chief
Mgr. Jos Suwatan elected bishop conference chief JAKARTA (JP): The Indonesian Bishops Conference (KWI) elected Mgr. Jos Suwatan OSC, as its new chairman for the 1997-2000 period yesterday, replacing Julius Cardinal Darmaatmadja.Suwatan, 57, is also Bishop of Manado, North Sulawesi.
Wed, 12 Nov 1997
Lenteng Agung residents stung by water crisis
Lenteng Agung residents stung by water crisis JAKARTA (JP): For the first time ever, Lenteng Agung -- which is considered one of Jakarta's water catchment areas -- is experiencing a water shortage, an official said yesterday.
Wed, 12 Nov 1997
'Liquidity, lower rates' can save businesses
'Liquidity, lower rates' can save businesses JAKARTA (JP): Dying local businesses could be saved only with supplying enough liquidity and lowering bank interest rates, economist Sjahrir and banker Masyhud Ali said yesterday.
Wed, 12 Nov 1997
Artist on probation for damaging painting
Artist on probation for damaging painting JAKARTA (JP): Central Jakarta District Court sentenced a local choreographer to a six-month suspended jail term with a one-year probation period for damaging a painting valued at up to Rp 200 million (US$60,606).
Wed, 12 Nov 1997
Demand for industrial estates to drop 10 percent
Demand for industrial estates to drop 10 percent JAKARTA (JP): Industrial park developer PT Suryacipta Swadaya, a subsidiary of publicly listed PT Surya Semesta Internusa, expects a 10 percent drop in demand due to the currency crisis.
Wed, 12 Nov 1997
Asian currencies tread water
Asian currencies tread water SINGAPORE (Reuters): Most Asian currencies remained in well- worn territory yesterday as the stricken Korean won managed to stave off further attacks with the help of its central bank.
Wed, 12 Nov 1997
Year-end concerts begin
Year-end concerts begin JAKARTA (JP): Local rock group Dewa 19, pop band Bragi and foreign group Michael Learns to Rock will end the year with a bang in A Mild Cigarette Concert Tour sponsored by cigarette company PT H.M. Sampoerna.
Wed, 12 Nov 1997
Borobudur Hotel reopens
Borobudur Hotel reopens JAKARTA (JP): President Soeharto inaugurated yesterday the newly renovated Borobudur Inter-Continental Hotel on Jl. Lapangan Banteng Selatan, Central Jakarta.The official reopening of the 674-room, five-star hotel also marked a return to business after 22 months of...
Wed, 12 Nov 1997
Momentum grows for OPEC to boost output
Momentum grows for OPEC to boost output DUBAI (Reuters): Saudi Arabia appeared to have stepped closer yesterday in securing key backing for its proposal to let OPEC members open up the taps next year to meet world oil demand.
Wed, 12 Nov 1997
Annual EU-ASEAN meeting in doubt
Annual EU-ASEAN meeting in doubt BANGKOK (AFP): A meeting between officials of the European Union (EU) and the Association of Southeast Asian Nations here next week could be canceled because of a dispute over Myanmar, sources said yesterday.
Wed, 12 Nov 1997
Bulog to raise rice price by 10 percent next year
Bulog to raise rice price by 10 percent next year JAKARTA (JP): The chairman of the State Logistics Agency (Bulog) Beddu Amang said yesterday that the government planned to increase the floor price of rice early next year by about 10 percent.
Wed, 12 Nov 1997
Premier Chuan finalizes new cabinet lineup
Premier Chuan finalizes new cabinet lineup BANGKOK (Agencies): Prime Minister Chuan Leekpai finalized an eight-party cabinet yesterday with his 123-seat Democrat Party set to take the helm of most economic ministries, senior party sources said.
Wed, 12 Nov 1997
Airlines face collapse on Asian woes: Report
Airlines face collapse on Asian woes: Report MELBOURNE (Reuters): At least three Asian airlines face collapse as some of the region's high-flying economies skid to a virtual halt over the next two years, an Australian-based aviation consultant said in a report released yesterday.
Wed, 12 Nov 1997
Hartono formally retires from military
Hartono formally retires from military JAKARTA (JP): Minister of Information R. Hartono was among the 96 senior ranking Army officers who were given a symbolic military farewell in a retirement ceremony filled with pageantry at the National Military Academy in Magelang, Central Java, yesterday.
Wed, 12 Nov 1997
Thailand to keep buying natuna gas: Pertamina
Thailand to keep buying natuna gas: Pertamina JAKARTA (JP): Indonesia remains optimistic that Thailand will continue with its plan to buy natural gas from Natuna island despite Thailand's recent announcement that it would delay the purchase.
Wed, 12 Nov 1997
Most domestic help agencies illegal
Most domestic help agencies illegal JAKARTA (JP): The City Manpower Agency's supervision of companies that supply domestic helpers is hindered by a lack of funds and facilities, an official said yesterday.R.H.
Wed, 12 Nov 1997
Two sugar mills, one cement plant to be built in East Timor
Two sugar mills, one cement plant to be built in East Timor JAKARTA (JP): East Timor will have two sugar mills and a cement plant next year, its governor Abilio Jose Osorio Soares said yesterday.Abilio expects the presence of the new industry will be able to provide at least 20,000 job...
Wed, 12 Nov 1997
Police seize 3 kg of hashish
Police seize 3 kg of hashish BANDUNG, West Java: Police confiscated here yesterday three- kilograms of hashish and arrested the seven people suspected of selling the illegal substance.Five of the seven arrested were registered as students at a local university. Of the five, two are women.Col.
Wed, 12 Nov 1997
Depok gets new police chief
Depok gets new police chief DEPOK (JP): City Police Chief Maj. Gen. Hamami Nata yesterday inducted Lt. Col. Fajar Priantoro as the new chief of the Depok Police Precinct.Fajar replaces Lt. Col. Yudi Sushariyadi who has been assigned to lead the South Jakarta Police Precinct.
Wed, 12 Nov 1997
RI's macroeconomy affected by graft, monopoly
RI's macroeconomy affected by graft, monopoly JAKARTA (JP): The International Monetary Fund's first deputy managing director, Stanley Fischer, sees Indonesia's economic problems as complex because macroeconomic conditions are actually sound and robust.
Wed, 12 Nov 1997
Messengers under pressure as Asian news sours
Messengers under pressure as Asian news soursBy Chris Johnson SINGAPORE (Reuters): Information and those who publish it are coming under pressure across Asia as the region experiences some of its biggest challenges in decades.
Wed, 12 Nov 1997
TV today
TV todayTVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 TV Series: Big Brother Jake 3:10 Indonesian Children 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Road to Avonlea 5:55 Music 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country...
Wed, 12 Nov 1997
Expert criticizes 1994 school curriculum
Expert criticizes 1994 school curriculum JAKARTA (JP): The current high school curriculum introduced by the government in 1994 is designed solely for those intending to further their education at universities, not for those who plan to work, leading education expert J. Drost said yesterday.
Wed, 12 Nov 1997
Beware of major floods next year, expert warns
Beware of major floods next year, expert warns YOGYAKARTA (JP): An expert has warned the public to prepare for the coming monsoon as huge floods may occur during January and February, especially in the provinces of Central Java, Yogyakarta and East Java.
Wed, 12 Nov 1997
NGOs back PPP's bid for human rights charter
NGOs back PPP's bid for human rights charter JAKARTA (JP): The United Development Party's (PPP) bid for the establishment of a People's Consultative Assembly decree on human rights received a boost yesterday when 10 non-governmental organizations declared their support for the campaign.
Wed, 12 Nov 1997
Seizure of Tonton's medal too rushed: Cycling body
Seizure of Tonton's medal too rushed: Cycling body JAKARTA (JP): The Indonesian Cycling Association's vice chairman, Hario Tilarso, said yesterday he was disappointed with the 19th SEA Games organizers' decision to confiscate Tonton Susanto's gold in the 40kms Individual Time Trial after he was...
Tue, 11 Nov 1997
Haze now, acid rain and other problems to come for SE Asia
Haze now, acid rain and other problems to come for SE AsiaBy Paul Alexander SINGAPORE (AP): El Nio brought the severe drought that turned the forests of Indonesia into tinderboxes. Now it's delaying the arrival of seasonal monsoons needed to douse the raging wildfires that have blanketed Southeast...
Tue, 11 Nov 1997
Pollution-related illnesses baffle health workers
Pollution-related illnesses baffle health workers JAKARTA (JP): The medical community's lack of knowledge about the health hazards associated with air pollution makes it difficult to promote a clean air program, an expert said yesterday.
Tue, 11 Nov 1997
Pupuk Kaltim keeps title
Pupuk Kaltim keeps title SURABAYA (JP): The pretournament favorite Pupuk Kaltim team, led by world star Denny Sacul, retained the Pahlawan Cup bridge title after beating the Sekayu team 51-28 in the final at the Satelite hotel here Sunday night.
Tue, 11 Nov 1997
Deutsche, BII sign deal
Deutsche, BII sign deal JAKARTA (JP): The Deutsche Bank and Bank Internasional Indonesia (BII) of Sinar Mas Group announced yesterday that they had signed an agreement to launch a charge card "db-Visa Gold" for selected Deutsche Bank clients in Indonesia later this month.
Tue, 11 Nov 1997
Astra sales rise but profit falls
Astra sales rise but profit falls JAKARTA (JP): Publicly listed automaker PT Astra International announced a 4 percent decline in its consolidated net profit yesterday to Rp 326.89 billion (US$99.05 million) in the first three quarters this year from Rp 340.
Tue, 11 Nov 1997
RI car sales drop
RI car sales drop KUALA LUMPUR (Reuters): Growth in vehicle sales in Indonesia is expected to slow down over the next three years, following the country's economic crisis, Herman Latief, vice chairman of the Association of Indonesia Automotive Industries, said yesterday.
Tue, 11 Nov 1997
Government pulls plug on live House broadcast
Government pulls plug on live House broadcast JAKARTA (JP): A planned live TV broadcast from the House of Representatives (DPR) of Minister of Finance Mar'ie Muhammad's explanation on the economic reform package, was abruptly canceled yesterday after the government intervened.
Tue, 11 Nov 1997
Tn. Abang vendors 'must be llegalized'
Tn. Abang vendors 'must be llegalized' JAKARTA (JP): The municipality must legalize street vendors operating in the overcrowded Tanah Abang market in Central Jakarta to simplify control and supervision of the area, councilors said yesterday.
Tue, 11 Nov 1997
Bus passenger stabbed to death by students
Bus passenger stabbed to death by students JAKARTA (JP): A bus passenger died Sunday after being stabbed by a group of high school students who extorted money from him at the Senen Bus Terminal in Central Jakarta on Saturday.
Tue, 11 Nov 1997
Army to have new spokesman
Army to have new spokesman JAKARTA (JP): Indonesia's military attache at the embassy in Bangkok, Col. I Gde Putu Arya, has been named as Army spokesman replacing Brig. Gen. Robik Mukav.Army Chief of Staff Gen.
Tue, 11 Nov 1997
Prince buys 3% of Proton
Prince buys 3% of Proton RIYADH (Reuters): Saudi billionaire Prince al-Waleed bin Talal bought a 3 percent stake in Malaysian car maker Perusahaan Otomobil Nasional (Proton), the prince's Kingdom Holding Co. said yesterday."The investment is worth over US$46 million...
Tue, 11 Nov 1997
Over 1,000 workers dismissed
Over 1,000 workers dismissed SEMARANG, Central Java: More than 1,000 workers have been dismissed in recent weeks in Central Java due to the tough economic situation currently facing many companies."The layoffs occurred because many of the companies where the workers were employed are having...
Tue, 11 Nov 1997
Trial to unveil supervision failure
Trial to unveil supervision failure The government's recent move to liquidate 16 insolvent banks has raised concerns. Economist Kwik Kian Gie looks at the consequences of the move in this article. JAKARTA (JP): Bank liquidations are always followed by prolonged problems.
Tue, 11 Nov 1997
Arun's LNG exports reach 169 million tons
Arun's LNG exports reach 169 million tons JAKARTA (JP): PT Arun LNG Co in North Aceh has exported at least 169 million tons of liquefied natural gas (LNG) since its first shipment in 1978, Antara reported yesterday.