Indonesian Political, Business & Finance News

Archive: 14 November 1994

56 articles found

Tire firm gets $117m loan

Tire firm gets $117m loan JAKARTA (JP): PT Gadjah Tunggal, a tire manufacturer listed on the domestic stock exchanges, has secured a US$117 million revolving credit "club" facility from a consortium of 13 international banks.

Sincerity key human resources quality

Sincerity key human resources qualityBy Bob Widyahartono JAKARTA (JP): As we enter the APEC era, the question for many Indonesian businesses is not "what is the newest, or best, technique in human resources development (HRD)?" but "are they sincere in HRD, professionally?"Can they claim that, with...

Clinton lends support to APEC ideals

Clinton lends support to APEC ideals U.S. President Bill Clinton's arrival in Jakarta yesterday, accompanied by many of his administration's prominent members, affirms his wholehearted commitment to the success of the Asia Pacific Economic Cooperation (APEC) process.

Bukaka, Indoprima to offer shares for local market

Bukaka, Indoprima to offer shares for local market JAKARTA (JP): Two manufacturing firms will soon offer shares to the public through the domestic stock exchanges to raise funds for their expansion programs.

APEC vehicle towards trans-Pacific community

APEC vehicle towards trans-Pacific community The Asia-Pacific Economic Cooperation (APEC) forum is a vehicle for Asia to define itself in trans-Pacific terms, not just East Asia regional terms, a U.S. administration official says.The U.S.

Evans still confident on free trade deadline

Evans still confident on free trade deadline JAKARTA (JP): Australia remained optimistic that leaders of the Asia Pacific Economic Cooperation (APEC) forum would adopt a declaration for the implementation of trade liberalization by a set deadline.

Chinese war of words

Chinese war of words The joint press conference at the end of the APEC ministerial meeting on Saturday became, at one point, an arena for the China versus Taiwan battle.Journalists from Chinese Taipei, the official name for Taiwan at APEC, took turns in asking questions, first to the Japanese...

Oscar Vromas takes int'l motocross title

Oscar Vromas takes int'l motocross title JAKARTA (JP): Oscar Vromas of the Netherlands wrapped up his Lucky Strike international motocross championships campaign in style, producing a come-from-behind run to take the overall title after the grueling final leg yesterday.

E. Timorese still hold ground at U.S. embassy

E. Timorese still hold ground at U.S. embassy JAKARTA (JP): A group of 29 young East Timorese who forced their way into the American embassy on Saturday were still holed up inside as of last night. They refused orders to leave by embassy officials and rejected offers of mediation.

Prolonged weekend leads to mass exodus

Prolonged weekend leads to mass exodus JAKARTA (JP): The presidential decree declaring Nov. 14 and Nov. 15 public holidays for all government and private sector offices, as well as schools, in Jakarta has sparked a mass exodus from Jakarta to other cities and even other countries.

UI to promote new professor

UI to promote new professor The School of Law of the University of Indonesia will promote R.M. Girindro to the rank of professor on Nov. 11.The promotion ceremony will be held at the university's campus in Depok, where Girindro will deliver a speech titled The hierarchy of law and policies in the...

S. Korea promises to hike investments in Indonesia

S. Korea promises to hike investments in Indonesia JAKARTA (JP): South Korea will increase investments in the development of seaports, roads and the automobile and electronics industries in Indonesia, President Kim Young-Sam said yesterday after meeting with President Soeharto for about two hours.

Soeharto's views on Bogor's declaration win support

Soeharto's views on Bogor's declaration win support JAKARTA (JP): Economic leaders from Japan, Singapore and Taiwan came out in support yesterday of President Soeharto's views on the declaration to be adopted by APEC leaders in Bogor tomorrow, a senior Indonesian official said yesterday.

Canada calls for acceleration of tariff cuts

Canada calls for acceleration of tariff cuts JAKARTA (JP): Canada yesterday urged fellow APEC members to accelerate the implementation of tariff cuts based on the Uruguay Round agreement.Minister for International Trade Roy MacLaren said that harmonization initiatives on a range of products might...

Car theft suspects arrested in Klaten

Car theft suspects arrested in Klaten PURWAKARTA, West Java: The Purwakarta police arrested two vehicle theft suspects in their hiding place in Tulungrejo village, Klaten, Central Java.Based on information obtained during the interrogation of the suspects, the police confiscated 15 motorcycles and...

APEC non-binding investment principles

APEC non-binding investment principles JAKARTA (AFP): The text of non-binding investment principles endorsed by ministers of the Asia-Pacific Economic Cooperation (APEC) forum at their sixth annual meeting in Indonesia:In the spirit of APEC's underlying approach on open regionalism,Recognizing the...

U.S. launches cooperative education program in APEC

U.S. launches cooperative education program in APEC The United States has launched a new program under the Asia Pacific Economic Cooperation (APEC) umbrella with the goal of expanding cooperation in higher education within the Asia-Pacific Region.

Baby killed in ship collision

Baby killed in ship collision AMBON: An infant died when a luxury cruise ship belonging to PT Pelni, the state-owned shipping company, was hit by a passenger ship on its way from Sorong to Ternate late last week.An official of the Ternate port, M.S.

What's wrong with Gus Dur

What's wrong with Gus Dur Most western observers acknowledge that Islam in Indonesia is a little bit different from that in other countries. Compared to Middle Eastern countries or in South Asia, Islam in Indonesia looks very calm and tolerant. However, Indonesian Moslems are quite sensitive.

Building interdependence in APEC

Building interdependence in APEC The following article is based on an interview with noted political scientist Dewi Fortuna Anwar in connection with the Asia Pacific Economic Cooperation forum. Question: What is the nature of the alliance between member countries in the European Union and how do...

Soeharto stresses need for health services improvement

Soeharto stresses need for health services improvement JAKARTA (JP): President Soeharto has underlined the importance of improving medical services in a bid to anticipate the rising number of challenges in the country's health programs.

United States looks to APEC for economic promise

United States looks to APEC for economic promise The reality of today's global economy is that the center of economic gravity has shifted away from the traditional industrial economies of the Atlantic to the dynamic, innovative ones of the Pacific Rim.The U.S.

Japan not to invite Taiwan president to 1995 APEC meet

Japan not to invite Taiwan president to 1995 APEC meet JAKARTA (Reuter): Japan will not invite Taiwan President Lee Teng-hui to next year's leaders meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Osaka, Japanese Foreign Minister Yohei Kono said on Sunday.

Declaration on human resources development

Declaration on human resources development JAKARTA (JP): The following is the text of the Declaration - A Human Resources Development Framework for the Asia Pacific Economic Cooperation.APEC ministers,Recognizing that in 1993 APEC Economic Leaders in Seattle envisioned a community in which improved...

Indonesia stamps its mark on APEC

Indonesia stamps its mark on APEC JAKARTA (JP): Indonesia asserted itself with their endorsement of the declaration on human resources development, a concept which it has helped promote and push into the forefront of the forum's agenda during its one year leadership.

Police uncover offshore oil thefts

Police uncover offshore oil thefts Officers of the water and air police unit have arrested 24 people for stealing diesel fuel on the Pabelokan and Jagautara islands in the Seribu Island chain, to the north of Jakarta.Spokesman for the City Police A.

President Clinton hails U.S.-RP ties, sacrifices

President Clinton hails U.S.-RP ties, sacrifices MANILA (Agencies): President Bill Clinton hailed yesterday the vitality of U.S.-Philippine ties and paid tribute to troops from both countries who fought Japan in World War II, saying the "spirit of Bataan and Corregidor" had helped freedom to...

'British bids judged on merit'

'British bids judged on merit' KUALA LUMPUR (Reuter): Prime Minister Mahathir Mohamad said Malaysia would not award projects to British contractors on the strength of loans pledged by the British government, the Star newspaper reported yesterday.

Australia. Chile tie up

Australia. Chile tie up SYDNEY (AFP): Chile and Australia agreed here Saturday to strengthen bilateral ties and work together for progress at the APEC summit this week in Indonesia."APEC is extraordinarily important for us because today some 55 percent of our exports go to the Asia Pacific region...

Expatriate seeking help

Expatriate seeking help I am an expatriate and have been working in Indonesia for more than five years. I like the country because of its relaxed nature, unlike Singapore, which is a little bit too formal and too much manmade.

Malaysian wins Formula Asia

Malaysian wins Formula Asia JAKARTA (JP): A thrilled Alex Yoong of Malaysia took his first Formula victory in commanding style in Zhuhai, China, yesterday.In front of a crowd of 100,000 spectators, the 18-year-old Yoong showed his formidable driving talent, negotiating the testing street circuit...

E. Timor to have health academy

E. Timor to have health academy DILI, East Timor: The provincial office of the health ministry will establish an academy of health in East Timor next year to improve the quality of nurses in the province.

Share prices mixed amidst lackluster trading

Share prices mixed amidst lackluster trading JAKARTA (JP): Stock prices closed mixed across the board amidst lackluster trading throughout last week.The market generally seemed to lack fresh factors, following the weak performance of the regional markets.

Free trade concept stretched

Free trade concept stretched In their latest move, the APEC conference organizers have expanded on the concept of free trade, which members continue to debating in order to suit their respective programs.

APEC album

APEC albumPhoto A: LuncheonJP/alxAPEC TOAST: South Korean President Kim Young-sam raises his glass for a toast with Indonesia's Coordinating Minister of Economy and Finance during a business luncheon. The lunch meeting was organized by the Indonesia-Korea Economic Cooperation Committee at the...

Mahathir to inaugurate joint venture bank

Mahathir to inaugurate joint venture bank JAKARTA (JP): Malaysian Prime Minister Mahathir Mohamad is scheduled to inaugurate PT May Bank Nusa International, a Malaysian-Indonesian joint venture bank established with a capital of Rp 100 billion (US$46 million), at a ceremony here today.

Telephone fine too much

Telephone fine too muchFrom Media IndonesiaTelephone subscribers who fail to pay their telephone bills for two consecutive months have their lines cut off. PT Telkom will connect the line again after the bills have been paid, and paid a Rp 1 million fine.

Hariyanto Arbi wins Hong Kong Open

Hariyanto Arbi wins Hong Kong Open HONG KONG (Reuter): Indonesia's Hariyanto Arbi played his heart out here yesterday to defeat compatriot Ardy Wiranata 15-9, 15-11 in the Hong Kong Open final.The final was a re-match of their All-England championship showdown and the result was the same with...

18 dead, 43 missing in RI boat tragedy

18 dead, 43 missing in RI boat tragedy KUALA LUMPUR (Reuter): Eighteen people died and 43 were missing after a boat carrying 87 Indonesian illegal immigrants capsized off the Malaysian coast during a storm, Malaysia's TV3 reported yesterday.

Cooperation to preserve water catchment urged

Cooperation to preserve water catchment urged JAKARTA (JP): Governor Surjadi Soedirdja underlined late last week the importance of cooperation between Jakarta and West Java in preserving water catchment areas.

APEC ministers' joint statement

APEC ministers' joint statement Following is the joint statement issued on Saturday, Nov. 12, 1994, at the conclusion of the two-day ministerial meeting of the 18 Asia Pacific Economic Cooperation members in Jakarta.

Is it `APEC', `apek' or `apes'?: Jakartans are wondering

Is it `APEC', `apek' or `apes'?: Jakartans are wonderingBy Yoko N. Sari JAKARTA (JP): Every big event generates its own jokes, or anecdotes, and the big APEC gathering in Indonesia over the past week is no exception among the local people.

Ministers urge anti-dumping measures in Asia-Pacific

Ministers urge anti-dumping measures in Asia-Pacific JAKARTA (JP): Australian Foreign Minister Gareth Evans and Chilean Minister of the Economy Alvaro Garcia Hurtado want action to end dumping practices in the Asia-Pacific region.

Ramos moves to save project

Ramos moves to save project MANILA (AFP): President Fidel Ramos yesterday moved to save Japanese funding for a 1.3 billion peso (US$54.17 million) irrigation project in the southern Philippines, which has been disrupted by Moslem guerrilla violence.

Joop does his part

Joop does his part Indonesian Minister of Tourism, Post and Telecommunications Joop Ave has different ways of making APEC delegates and journalists feel welcome.Yesterday, he greeted an arriving Mexican journalist by bursting into the Spanish song "Cucurucucu Paloma...".

Irregular delivery of `Time'

Irregular delivery of `Time'From KompasI have been subscribing to Time for tens of years. In May 1993 I paid my subscription fee for the next three years, 1993-1996, to PT Gunung Agung, as the Time distributor.The delivery used to be well done. But the delivery stopped without notice since I got No.

Thailand to boycott Australian weapons

Thailand to boycott Australian weapons BANGKOK (AFP): Thai Prime Minister Chuan Leekpai yesterday threatened to boycott Australian-made weapons in retaliation for continuing allegations that some Thais support Khmer Rouge guerrillas in Cambodia.

Retailers set up another association

Retailers set up another association JAKARTA (JP): The country's largest retailers agreed to form an association to enhance cooperation in further developing retail trade at a trendy restaurant in Senayan, Central Jakarta late last week.Under the agreement, H.E.

Where to go in Jakarta:

Where to go in Jakarta:Music * The Aryaduta Jakarta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Bonauli vocal group, Thursday, Friday and Saturday from 7 p.m. to 11 p.m.; Lost Morenitos, Sunday, Tuesday and Wednesday from 7 p.m. to 11 p.m.

Hostages involved in spying: Papers

Hostages involved in spying: Papers BANGKOK (Reuter): Thai newspapers on Saturday quoted the country's army chief as suggesting that three Western hostages abducted by Cambodia's Khmer Rouge guerrillas and later killed had been involved in espionage.Gen.

Indonesian, Australian firms sign US$5.5 billion contract

Indonesian, Australian firms sign US$5.5 billion contract JAKARTA (JP): Two Indonesian-Australian joint venture companies, PT Indonesia Bulk Terminal and PT Adaro Indonesia, have signed a US$5.5 billion contract with Indonesia's PT Batu Hitam Perkasa to supply and handle coal for PT Paiton Energy...

Internet access available through 'IndoNet' service

Internet access available through 'IndoNet' service JAKARTA (JP): Number of readers have been anxiously asking whether there's a cost-efficient way they can access Internet in Indonesia. Have I got good news for you! You can now access Internet through PT IndoInternet's network, called IndoNet.

RP, U.S. sign extradition treaties

RP, U.S. sign extradition treaties MANILA (AFP): The Philippine and U.S. foreign secretaries yesterday signed extradition and mutual legal assistance treaties in an effort to boost the fight against global drug rings and international fraud.U.S.

Waiting for stronger signal

Waiting for stronger signal The results of the APEC Ministerial Meeting may come as a major disappointment especially to businessmen who from the outset have focused their attention on the proposed timetable for free trade and investment liberalization in the region.

World leaders come to town

World leaders come to town JAKARTA (JP): Presidents Bill Clinton of the United States and Jiang Zemin of China arrived in Jakarta yesterday as Indonesia plays host, for the next two days at least, to leaders of some of the world's most powerful countries.

Abdurrahman Wahid's election to world religious body hailed

Abdurrahman Wahid's election to world religious body hailed JAKARTA (JP): Prominent religious figures have hailed the decision made by the World Conference on Religion and Peace (WCRP) to name Abdurrahman Wahid, chairman of the Nahdlatul Ulama organization, a member of the presidium of the WCRP.