Indonesian Political, Business & Finance News

Archive: 28 October 1994

51 articles found

Students cancel protest at Benhil fire site

Students cancel protest at Benhil fire site JAKARTA (JP): Twenty University of Indonesia (UI) students canceled their plans to protest at the fire site in Bendungan Hilir, Central Jakarta, after hearing a comprehensive explanation by Central Jakarta's deputy mayor yesterday.

State firms remain fettered

State firms remain fettered A fundamental element seems to remain absent from the restructuring programs for the 185 Indonesian state companies launched in 1989. The directors of four state enterprises complained, at a meeting on Wednesday, that they remained shackled by bureaucratic procedures and...

Merrill Lynch sets up business venture here

Merrill Lynch sets up business venture here JAKARTA (JP): Merrill Lynch and Co. Inc. of the United States, one of the world's leading diversified financial service companies, announced yesterday it has set up a joint venture with Indonesian company PT Persada Kian Pasti Lestari (PKPL).

Plant sellers protest over expulsion plan

Plant sellers protest over expulsion plan JAKARTA (JP): A total of 40 decorative plant traders along Jl. T.B. Simatupang, South Jakarta, went to the City Council yesterday to protest an expulsion order.

C. Java military steps into conflict on Arief's dismissal

C. Java military steps into conflict on Arief's dismissal SALATIGA, Central Java (JP): The military has warned teachers of the Satya Wacana Christian University not to use students to dramatize their opposition against the controversial dismissal of their fellow teacher, Arief Budiman.

Power rate rises affect ports firm

Power rate rises affect ports firm JAKARTA (JP): PT Pelabuhan Indonesia (Pelindo) II, the state company managing commercial ports in West Java, Jakarta and the southern part of Sumatra, will ask the government to increase its service fees following next month's rise in electricity rates.

Territorial workshop fails to reach consensus on CBM

Territorial workshop fails to reach consensus on CBMBy Prapti Widinugraheni BUKITTINGGI, West Sumatra (JP): Tough talks over the territorial claims and disputes in the South China Sea proceeded here yesterday despite the fact that workshop participants failed to reach a consensus on the group's...

Keating hails Soeharto's drive on free trade

Keating hails Soeharto's drive on free trade JAKARTA (JP): Australian Prime Minister Paul Keating has applauded President Soeharto's initiative on trade liberalization among members of the Asia Pacific Economic Cooperation (APEC) forum.

Vijay Singh favored to win Dunhill Masters crown

Vijay Singh favored to win Dunhill Masters crown JAKARTA (JP): Fresh from a US$150,000 Lancome Trophy victory in France, the European tournament of champions, Fiji's Vijay Singh has been deemed the favorite to grab the Alfred Dunhill Masters title, due to tee-off on Wednesday in Nusa Dua, Bali.

`Bahasa Indonesia', 66 years after

`Bahasa Indonesia', 66 years afterBy J.S. Badudu BANDUNG (JP): Sixty-six years have passed since the initial making of the Youth Pledge, one of the most historic moments in our nation's experience and one engraved in gold in the annals of our history.

Moonlighting marine found dead at warehouse

Moonlighting marine found dead at warehouse JAKARTA (JP): A 29-year-old member of the Marine Corps of the Indonesian Navy was found dead yesterday morning in front of the huge warehouse gates where he spent his spare time to earn extra money.

Sharing birth experience

Sharing birth experience Three weeks ago I gave birth at the Puri Cinere Hospital. I would like to dedicate this letter to the people who were of tremendous help to me during my pregnancy in Jakarta.Being pregnant with my first child and having had an operation, during the sixth month of my...

Church communion to elect chairman

Church communion to elect chairman JAYAPURA, Irian Jaya: The on-going grand assembly of the Communion of Indonesian Churches (PGI) has nominated incumbent Rev. Sularso Sopater and Rev. Sutarno, chief editor of the Jakarta-based Suara Pembaruan daily, to chair the organization for the 1994-1999...

The Listening Post

The Listening Post * "Canadian Artists in Indonesia" is the name of a painting, jewelry and sculpture show that runs until October 31 at the Duta Fine Arts Foundation, on Jalan Bangka 1. The exhibition, jointly sponsored by the Canada-ASEAN Center, the Asia Pacific Foundation of Canada, the...

Romana saves host's face at Challenger

Romana saves host's face at Challenger JAKARTA (JP): Romana Tedjakusuma salvaged Indonesia's pride at the Women's Challenger tennis championships as her solid partnership with South Korean Park Sung-hee upset the Slovakian third seeded pair of Tina Krizan and Patricia Markova in their second round...

RI urges APEC plan on new financing

RI urges APEC plan on new financing JAKARTA (JP): Indonesia has urged members of the Asia Pacific Economic Cooperation (APEC) forum to formulate a new financing scheme to support small and medium-scale businesses looking for sustainable economic growth in the region.

Outspoken Belo sees progress in E. Timor

Outspoken Belo sees progress in E. Timor DILI, East Timor (JP): Outspoken church leader Bishop Carlos Filipe Ximenes Belo said yesterday he saw great strides in the progress of Indonesia's youngest province since its integration into Indonesia, but criticized the way family planning programs have...

Exploitation by advanced countries

Exploitation by advanced countriesFrom Forum KeadilanWhile flying to Japan I came across an article in the Sept. 29 issue of Kompas entitled: Kekuatan ekonomi menjadi sarana pemeras (Economic power has been abused for exploitation).

Indonesia rejects conditions on GSP

Indonesia rejects conditions on GSP JAKARTA (JP): Coordinating Minister for Economy and Finance Saleh Afiff yesterday challenged the United States over the possible termination of its Generalized System of Preferences to Indonesia in their continued efforts to tie trading privileges to labor issues.

Local equipment suppliers cause power inefficiency

Local equipment suppliers cause power inefficiency JAKARTA (JP): The erratic supply of domestic equipment and engineering services forces the state electricity company, PT PLN, to spend huge amounts to import the goods necessary for its projects.

Indonesia vows to hike pulp and paper production

Indonesia vows to hike pulp and paper production JAKARTA (JP): Indonesia plans to hike the annual production capacity of pulp by 200 percent to 3.9 million tons and paper production by 10.2 percent to 4.3 million tons in the coming five years, an official says.

Future regents from ABRI must be brigadier general

Future regents from ABRI must be brigadier general JAKARTA (JP): Military officers who assume the position of regional administration leaders should at least be a brigadier general, Minister of Administrative Reforms T.B. Silalahi said yesterday.

Rp 2.2b sought to rebuild school

Rp 2.2b sought to rebuild school YOGYAKARTA: Gadjahmada University is seeking Rp 2.2 billion (approximately US$1 million) from the government to rebuild its three-story building that caught fire earlier this month.

Prosecutors seek four years for labor activist Pakpahan

Prosecutors seek four years for labor activist Pakpahan MEDAN, North Sumatra (JP): Prosecutors demanded yesterday that labor activist Muchtar Pakpahan be sentenced to four years in prison for inciting a violent labor demonstration which left one businessman dead in April.

'Real Thing' kicks off music tour

'Real Thing' kicks off music tour JAKARTA (JP): American pop music group The Real Thing embarked on its two-week musical tour in Jakarta yesterday and will later move on to play other big cities throughout Indonesia.

Keating prefers dialog path to rights solution

Keating prefers dialog path to rights solution JAKARTA (JP): Australia will not adopt a foreign policy of shunning its neighbors in an effort to advance human rights in the region, but will follow a path of dialog and confidence building.

PDI leadership crisis in East Java over, Megawati says

PDI leadership crisis in East Java over, Megawati says JAKARTA (JP): Indonesian Democratic Party (PDI) chief Megawati Soekarnoputri resisted the government's pressure yesterday to retract her choice of Sutjipto to lead the East Java party chapter.

Ancient Thai massage

Ancient Thai massage I discovered a clinic, through an ad in this newspaper, that claims to cure illness through ancient Thai massage.After I talked to the owner in English (he has a Singaporean accent and a Thai sounding name) I felt confident and went to visit his clinic.

New exclusive club for women

New exclusive club for women A new, exclusive club, called The CLUB, for women will be opened in South Jakarta on Nov. 4.Located on Jl. Walter Monginsidi in the Kebayoran Baru area, The CLUB will provide over-all beauty and physical treatments for local women.

Police seize stolen wood

Police seize stolen wood SAMARINDA, East Kalimantan: Police in Berau have seized stolen logs worth millions of rupiah in a recent operation aimed at curbing wood thefts.Operation leader First Lt. Syamsudin said that the police also seized saws but that the owners managed to escape.

Where to go in Jakarta:

Where to go in Jakarta:Music * Borobudur Inter-Continental, Jl. Lapangan Banteng Selatan, Central Jakarta: - Kintamani Pavilion: Traditional Dances & Songs Friday, Italian Night Wednesday, all from 7 p.m.. - Pendopo Tea Lounge: Monika Rosca, pianist from Poland, daily 4 p.m. to 7:45 p.m.

Indosat hands over $800m to govt from shares sales

Indosat hands over $800m to govt from shares sales JAKARTA (JP): Minister for Tourism, Post and Telecommunications Joop Ave said yesterday that around US$800 million of the funds raised from the sales of the state-owned Indosat's shares would go into the state coffers.

Japan is widening dialog to ease tensions

Japan is widening dialog to ease tensionsBy Pierre-Antoine Donnet TOKYO (AFP): Japan is widening contacts with other Asian countries to strengthen security dialog and reduce the risks of armed conflict sparking in the region.

Weaker dollar may boost Asian exports

Weaker dollar may boost Asian exports SINGAPORE (AFP): The prolonged weakness of the U.S. dollar is making Asia's exports more competitive and drawing more direct foreign investment to the region, British brokerage Crosby Securities said yesterday.

Fifth doubles qualify for World Doubles final

Fifth doubles qualify for World Doubles final JAKARTA (JP): Russian Andrei Olhovsky and his Australian partner David Adams have assured themselves of tickets to the Association of Tennis Professionals (ATP) World Doubles championship final here next month.

Inco reports earnings

Inco reports earnings JAKARTA (JP): PT International Nickel Indonesia (Inco), a nickel mining firm listed on the Jakarta Stock Exchange, reported yesterday a net earning of US$8.6 million for the third quarter, as compared to a net loss of $0.4 million in the same period of last year.

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices continued to rise on the Jakarta Stock Exchange (JSX) yesterday in moderate trading.The broad-based Composite Index closed 1.53 points higher at 517.85 yesterday, as compared to 516.32 on Wednesday, while the narrower-based GTDBS-50 Index rose to 123.

Coitus common among students: Study

Coitus common among students: Study JAKARTA (JP): A study of 558 high-school students reveals that sex among classmates after watching pornographic videos has become common practice among some Jakarta students.

Suggestion for APEC

Suggestion for APECFrom Bisnis IndonesiaThe problem of traffic will be the cause of most headaches during the APEC meeting, scheduled for November, 1994.In relation to this I would like to suggest that the duration time of the restricted areas, 7-10 a.m.

Philippine banks uncertain

Philippine banks uncertain TOKYO (AFP): Standard and Poor's Asia Ltd. said yesterday that the outlook for Philippine banks was uncertain given with the proposed entry of foreign banks and the possible weakening of credit standards as lending grows.

Standardization of share's par value not yet essential: JSX

Standardization of share's par value not yet essential: JSX JAKARTA (JP): The president of the Jakarta Stock Exchange (JSX), Hasan Zein Machmud, ruled out here yesterday the possibility of standardizing the nominal value of ordinary shares listed on the market.

Evicted vendors get stalls

Evicted vendors get stalls The South Jakarta mayoralty has provided 1,331 stalls in 11 markets for street vendors recently evicted from Pasar Minggu, an official said.Lihardin Sipayung, the spokesman of PD Pasar Jaya, the city- owned market operator, said on Wednesday there is no need for the...

KL wants start of EAEC

KL wants start of EAEC KUALA LUMPUR (AFP): Malaysia will soon notify other members of the Association of Southeast Asian Nations (ASEAN) of its desire to see a quick take-off of a caucus for East Asia even if it does not include Japan, officials said yesterday.

Where to go in Bali:

Where to go in Bali:Music and entertainment * Nusa Dua Beach Hotel: Budaya Stage - Legong Buffet Dinner, Friday; Ramayana Buffet Dinner, Monday. Coffee Shop - Indonesian Night with Joged Dance, Saturday. Village Night with Frog Dance, Tuesday. Notte Italiana with Capo Dastro Quartet, Thursday.

Member tortured at golf course

Member tortured at golf courseFrom KompasAs a member of the Pantai Indah Kapuk Golf Club (Golf PIK), North Jakarta, I deeply deplore the incident in which a guest (not a club member) brutalized a club member.

What are the functions of Indonesia's university rectors

What are the functions of Indonesia's university rectorsBy Mochtar Buchori JAKARTA (JP): What is the main function of university rectors in Indonesia?Two opinions have emerged from this question. The first one holds that university rectors are primarily managers.

City to hold culture expo

City to hold culture expo JAKARTA (JP): The city administration will hold a seven-day culture preservation exhibition at the Ancol art center starting today.H. Dirman Surachmat, head of the city's museum and historical affairs office, said that the exhibition is intended to help save the old...

Poverty funds embezzled

Poverty funds embezzled BANDARLAMPUNG, Lampung: Wonosobo district police have arrested a village chief suspected of embezzling government funds earmarked for the development of impoverished villages.Chairman of the local planning board Dachlan Ali said yesterday that the suspect was under...

PLN's new headquarters

PLN's new headquarters JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana yesterday inaugurated the new headquarters of the state electricity company PT PLN, also marking the observance of National Electricity Day.

Economic democracy

Economic democracy In the context of the first long-term development cycle (1969- 1994), the matter of the implementation of the principles of economic democracy contained in Article 33 of our Constitution has been a frequent subject of discussion among economic observers and legal experts.

Late tax payers to be penalized

Late tax payers to be penalized The West Jakarta mayoralty is currently considering the possibility of penalizing property and land owners who are reluctant to pay taxes, an official said yesterday."For negligent taxpayers the penalties will include the withholding of building permits and other...