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Tue, 04 Nov 1997
Asian palm oil price seen rising
Asian palm oil price seen rising KUALA LUMPUR (Reuters): Asian palm oil prices will continue their upward trend this week with prospects of good export business due to palm's discount over other vegetable oils, with currency factors boosting sentiment, regional traders said.
Tue, 04 Nov 1997
Indonesia pays tribute to Pranadjaja
Indonesia pays tribute to Pranadjaja JAKARTA (JP): Pranadjaja Djojodinoto, Indonesia's renowned tenor, and classical and pop music teacher, left his Jl. Radio IV residence in South Jakarta for the last time yesterday to the song of As Long As I Have Music performed by 35 of his students.
Tue, 04 Nov 1997
Closing bad banks
Closing bad banks Fostering a sound banking sector through orderly financial conditions and a good monetary system has always been a core component of IMF-supported programs in its member countries, as again amply evidenced by Indonesia's latest reform package.
Tue, 04 Nov 1997
2,000 Karens flee Myanmar
2,000 Karens flee Myanmar BANGKOK (AFP): Some 2,000 villagers, mostly ethnic Karens, have fled Myanmar into Thailand since last week and are likely to face repatriation, Thai military and border sources said yesterday.
Tue, 04 Nov 1997
Porsche to enter Thailand
Porsche to enter Thailand BANGKOK (AFP): German sports car manufacturer Porsche AG will send a mission to explore investment possibilities in Thailand, a Thai Board of Investment (BoI) official said yesterday.
Tue, 04 Nov 1997
NIDEC invests in Bintan
NIDEC invests in Bintan SINGAPORE (Reuters): Osaka-listed NIDEC Corp is investing US$15 million in a production facility at the Bintan Industrial Estate (BIE) in Indonesia, BIE said on Monday.It said NIDEC.
Tue, 04 Nov 1997
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 3, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 875 25 50,000 AHAP Insurance 2,500 0 0 Alter Abadi 525 -75 2,500 Alumindo Light Metal 525 -25 832,500...
Tue, 04 Nov 1997
Golkar's policy draft to be used as reference
Golkar's policy draft to be used as reference JAKARTA (JP): After a week of debate, minority factions in the People's Consultative Assembly (MPR) agreed yesterday to use Golkar's draft as the outline for drawing up the coming state policy guidelines (GBHN).
Tue, 04 Nov 1997
Violation of high-rise building permits 'rife'
Violation of high-rise building permits 'rife' JAKARTA (JP): Most developers in Jakarta have violated permits for the construction of high-rise buildings, a businessman said yesterday.Enggartiasto Lukita, former head of the Indonesian Real Estate Association, said the city bylaw on high-rise...
Tue, 04 Nov 1997
China Light eyes RI deal
China Light eyes RI deal HONG KONG (Reuters): China Light & Power Co Ltd said yesterday it was in talks with PT Perusahaan Listrik Negara (PLN) on a project for a submarine cable linking the Indonesian islands of Bali and Lombok.
Tue, 04 Nov 1997
AIDS meeting targets truck, bus drivers
AIDS meeting targets truck, bus drivers JAKARTA (JP): Twenty inter-city truck and bus drivers are participating in a three-day meeting on HIV/AIDS here beginning yesterday.Jointly sponsored by the United Nations Children Fund (Unicef) and Organda, the country's organization of land transportation...
Tue, 04 Nov 1997
Singaporean arrested for drug smuggling
Singaporean arrested for drug smuggling JAKARTA (JP): Customs officials at Soekarno-Hatta International Airport have arrested a Singaporean man for allegedly smuggling 4.106 kilograms of methamphetamine, the main ingredient of Ecstasy.
Tue, 04 Nov 1997
'Pocong' oath a unique religious way to settle disputes
'Pocong' oath a unique religious way to settle disputesBy Sumanto GROBOGAN, Central Java (JP): Tension gripped some 1,000 people taking part in the pocong oath procession held at Baitul Makmur mosque in Purwodadi here one morning.
Tue, 04 Nov 1997
Asian fund to be finalized next month: De Ocampo
Asian fund to be finalized next month: De Ocampo TOKYO (AFP): Philippines Finance Secretary Roberto de Ocampo forecast in remarks published yesterday that a proposed Asian monetary fund would be finalized in December.De Ocampo said regional self-help was crucial amid Asia's financial market turmoil.
Tue, 04 Nov 1997
Economist challenges liquidation measure
Economist challenges liquidation measure JAKARTA (JP): Economist Didik J. Rachbini said yesterday that the government's decision to liquidate 16 private banks was based on nontransparent criteria."Bank Indonesia's decision to liquidate the banks was not very transparent, because there are other...
Tue, 04 Nov 1997
Regional markets rally as currencies stabilize
Regional markets rally as currencies stabilize HONG KONG (AFP): Hong Kong share prices surged 5.9 percent yesterday on bargain-hunting as stable regional currencies and a multi-billion-dollar international aid package for Indonesia cheered Asia-Pacific markets.
Mon, 03 Nov 1997
Administration has bold plans for city slums
Administration has bold plans for city slums JAKARTA (JP): The city administration is setting up a program with the State Ministry of Public Housing to rejuvenate slum areas, especially those on state land on riverbanks, Governor Sutiyoso said over the weekend.
Mon, 03 Nov 1997
Bank closures to 'pave' future path
Bank closures to 'pave' future path The Indonesian government announced Saturday what the nation saw as the largest number of banks liquidated at one time. In the following discourse, economist Kwik Kian Gie talks about the impact of the bold measure and the fate of the remaining banks.
Mon, 03 Nov 1997
The complicated problems of manpower
The complicated problems of manpowerBy Wahyu Susilo JAKARTA (JP): Industrialization has spurred inter-state manpower mobility in Southeast Asia.Indonesia, the Philippines, Vietnam, Cambodia, Myanmar and Laos are among countries supplying manpower for job openings in Malaysia, Singapore, Brunei...
Mon, 03 Nov 1997
Police ready to anticipate possible riots
Police ready to anticipate possible riots JAKARTA (JP): City police spokesman Lt. Col. E. Aritonang said yesterday that police had been deployed throughout the city to prevent unrest following the government's closure of 16 ailing private banks."There isn't any special squad or operation.
Mon, 03 Nov 1997
HK considers backing IMF's Indonesia bailout
HK considers backing IMF's Indonesia bailout HONG KONG (Reuters): Hong Kong said on Saturday it was prepared to consider supporting the International Monetary Fund's (IMF) massive aid package for Indonesia, but stopped short of specifying an amount.
Mon, 03 Nov 1997
Indonesia still vital to Asia-pacific tourism
Indonesia still vital to Asia-pacific tourism JAKARTA (JP): In spite of the ongoing thick haze caused by the widespread forest and brush fires in Indonesia, the Pacific Asia Travel Association (PATA) predicts that Indonesia will be one of the 10 key tourist markets in the Asia-Pacific region in...
Mon, 03 Nov 1997
The preemptive bailout
The preemptive bailout The almost US$40 billion in aid pledged by multilateral institutions and country donors to the Indonesian government and the technical support and direct surveillance by an international team of experts led by the International Monetary Fund for the next three years will...
Mon, 03 Nov 1997
Rp 15b housing project canceled
Rp 15b housing project canceled JAYAPURA, Irian Jaya: The Irian Jaya office of the Ministry of Transmigration has canceled the construction of two housing complexes worth Rp 15 billion (US$4.14 million) due to the currency crisis.
Mon, 03 Nov 1997
Nightspot drugs dealer busted
Nightspot drugs dealer busted JAKARTA (JP): A man has been arrested for allegedly trafficking Ecstasy in discotheques and nightspots across the city, police said.City Police Spokesman Lt. Col. E. Aritonang said Saturday that the suspect, identified as Suherman Satibi, 33, was arrested with 66...
Mon, 03 Nov 1997
Ministers officiate opening of new mall
Ministers officiate opening of new mall JAKARTA (JP): The undulating sound of kettledrums being struck by two ministers, two city officers and three businessmen, marked the grand opening of Mal Puri Indah in Puri Kembangan, West Jakarta, Saturday.Located in a six-hectare area on Jl.
Mon, 03 Nov 1997
Andromeda's last effort fails to avoid liquidation axe
Andromeda's last effort fails to avoid liquidation axe JAKARTA (JP): Bank Andromeda, one of 16 banks closed by the government over the weekend, said yesterday it tried to save the bank at the last minute with Rp 350 billion (US$100 million) in new funds, but the effort fell short of the deadline.
Mon, 03 Nov 1997
Analysts stress need for reforms to bureaucracy
Analysts stress need for reforms to bureaucracy JAKARTA (JP): Political analysts hailed the international rescue package for Indonesia but demanded radical bureaucratic reforms to ensure proper use of the funds.
Mon, 03 Nov 1997
Where to go in Jakarta: Monday, Nov. 3, 1997
Where to go in Jakarta: Monday, Nov. 3, 1997Exhibitions * Batik Exhibition, by Maartri Djorghi, at Galeri TC (Twilight Cafe), Jl. Kemang Raya No.24A South Jakarta, 11:30 a.m. to 12 p.m., until Nov. 8. * Painting Exhibition: From Mooi Indie to Persagi, at Museum Seni Rupa Jakarta, Jl.
Mon, 03 Nov 1997
Thai minister urges U.S. help for region
Thai minister urges U.S. help for region BANGKOK (Reuters): A senior Thai minister has urged more direct U.S. intervention to bring stability to battered Southeast Asian economies, the Nation newspaper reported on Saturday."If the U.S.
Mon, 03 Nov 1997
Internet banking: It's closer than you might think
Internet banking: It's closer than you might thinkBy Zatni Arbi JAKARTA (JP): One of the hottest issues in our letters column lately has been the unfairly huge commissions claimed by local banks that offer savings accounts in U.S. dollars.
Mon, 03 Nov 1997
Experts divided over issue of presidential succession
Experts divided over issue of presidential succession JAKARTA (JP): The debate on presidential succession resumed over the weekend, with two leading experts taking opposite stands on whether it was time to seek an alternative candidate for the top job.
Mon, 03 Nov 1997
Five nabbed for falsifying shipping documents for crew
Five nabbed for falsifying shipping documents for crew JAKARTA (JP): Five men have been arrested for allegedly counterfeiting hundreds of documents required to join a ship's crew.City Police Spokesman Lt. Col. E. Aritonang said Saturday the suspects had been producing the fake documents since 1994.
Mon, 03 Nov 1997
IMF ready to give more money to Indonesia
IMF ready to give more money to Indonesia WASHINGTON (Reuters): The international community, which announced plans on Friday to get Indonesia's economy back on track, could make US$40 billion available in the biggest aid package since Mexico's bailout in 1995.
Mon, 03 Nov 1997
IMF and ASEAN ministers to discuss forex rules
IMF and ASEAN ministers to discuss forex rules KUALA LUMPUR (Reuters): The International Monetary Fund will brief Southeast Asian finance ministers next month on the progress of a study on regulated currency trading, a Malaysian government spokesman said on Saturday.
Mon, 03 Nov 1997
'RCTI' celebrates Titiek's 60 years
'RCTI' celebrates Titiek's 60 years JAKARTA (JP): To celebrate legend singer Titiek Puspa's 60th birthday, TV station RCTI will sponsor a concert of 80 artists at the Jakarta Convention Center, South Jakarta, Nov. 18.
Mon, 03 Nov 1997
Unseeded George harasses Hariyanto at national c'ship
Unseeded George harasses Hariyanto at national c'ship BANDUNG (JP): A relatively unknown player, George Rimarchdi, defeated senior sportsman Hariyanto Arbi 8-15, 18-15, 15-2 in a surprising upset to the men's singles final at the Ardath National Badminton Championship here yesterday.
Mon, 03 Nov 1997
Diarrhea kills two in Lampung
Diarrhea kills two in Lampung BANDAR LAMPUNG, Lampung: The local health office has sent a team to Menggala, in the Tulangbawang regency, to investigate an outbreak of diarrhea Thursday that has killed two residents.
Mon, 03 Nov 1997
Elect members of MPR 'for democracy's sake'
Elect members of MPR 'for democracy's sake' JAKARTA (JP): Political observer Maswadi Rauf said the appointment rather than election of most members the People's Consultative Assembly (MPR) was hampering democratization.
Mon, 03 Nov 1997
TV Program: Monday, Nov. 3, 1997
TV Program: Monday, Nov. 3, 1997TVRI 2:00 p.m. News: Berita 14 2:30 My Country 2:35 Cartoon Film: Lucan 3:10 TV Drama: Salah Duga 3:35 Religious Teachings: Hindu 4:00 Regional News 4:30 Creative Program: Karya Inovatif 5:00 Indonesian Lessons 5:25 Variety Show 5:30 Boy Scout's Program 6:00 News:...
Mon, 03 Nov 1997
Governnment statement on bank closure
Governnment statement on bank closure JAKARTA (JP): The following is the full text of the government's statement on the closure of 16 commercial banks, which was announced Saturday.Banks, as financial intermediaries that collect and distribute the funds of society, play a strategic role in the...
Mon, 03 Nov 1997
Was the life of late K'tut Tantri's fact or fiction?
Was the life of late K'tut Tantri's fact or fiction?By Ratih Hardjono MELBOURNE (JP): K'tut Tantri, born Muriel Stuart Walker, and better known as Surabaya Sue, was a controversial figure for most of her 98 years.
Mon, 03 Nov 1997
IMF's aid expected to raise sentiment
IMF's aid expected to raise sentiment JAKARTA (JP): The announcement of the US$23 billion financial rescue package from the International Monetary Fund (IMF) is expected to boost market sentiment at the Jakarta Stock Exchange (JSX) this week.
Mon, 03 Nov 1997
Mahathir coutions on freeing markets
Mahathir coutions on freeing markets KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad reminded the Group of Fifteen (G-15) developing countries Saturday to be cautious in implementing market liberalization and globalization plans.
Mon, 03 Nov 1997
Indonesia aid plan seen lifting world confidence
Indonesia aid plan seen lifting world confidence NEW YORK (Reuters): The IMF's aid package to Indonesia came at the right time to help boost confidence in global financial markets, though it may not be enough to put to the region back on track, U.S. analysts said on Friday.
Mon, 03 Nov 1997
Soldier's alleged killer turns himself in: Police spokesman
Soldier's alleged killer turns himself in: Police spokesman JAKARTA (JP): The alleged killer of Chief Sgt. Ahmat Tohir has surrendered to Pasar Rebo Police in East Jakarta, an officer said yesterday.City police spokesman Lt. Col. E.
Mon, 03 Nov 1997
JSX opens new info center
JSX opens new info center YOGYAKARTA (JP): The Jakarta Stock Exchange (JSX) launched an information center at the University of Duta Wacana here Friday."I hope this facility will give a better chance to society to take part in the development process, especially in the field of investment," the...
Mon, 03 Nov 1997
Japan, Singapore ready to provide $5b each to RI
Japan, Singapore ready to provide $5b each to RI JAKARTA (JP): Japan and Singapore hailed Saturday the Indonesian economic reform program and pledged to provide US$5 billion each as part of the International Monetary Fund (IMF) aid package for the country.
Mon, 03 Nov 1997
Extradition treaty not a solution: Lopa
Extradition treaty not a solution: Lopa JAKARTA (JP): Establishing an extradition agreement with Saudi Arabia will be ineffective if the government fails to address shortcomings in its worker recruitment procedures, a rights activist said Saturday.
Mon, 03 Nov 1997
Immigration on alert for bank owners
Immigration on alert for bank owners JAKARTA (JP): Immigration check points across the country have been put on alert and ordered to "delay" the departure of the owners of the 16 liquidated banks if they try to leave the country.Mursanuddin A.