Indonesian Political, Business & Finance News

Archive: 25 November 1994

44 articles found

Which direction will APEC take from Bogor?

Which direction will APEC take from Bogor? The Nov. 15 Bogor accord underlined the Asia Pacific Economic Cooperation forum leaders' commitment to achieving trade and investment liberalization by 2020. Furthermore, there is agreement on bringing new protection moves to a standstill.

ASEAN moving early on trade liberalization

ASEAN moving early on trade liberalization JAKARTA (JP): Members of the Association of Southeast Asian Nations (ASEAN) will hold a series of meetings to boost sub- regional cooperation in an effort to accelerate trade liberalization.

Ex-Bapindo boss gets eight years for corruption

Ex-Bapindo boss gets eight years for corruption JAKARTA (JP): A former president of Bank Pembangunan Indonesia (Bapindo) was sentenced to eight years imprisonment yesterday for his role in a loan scam that brought the state bank to the verge of bankruptcy early this year.

Oil prices likely to rise to $18 a barrel next year

Oil prices likely to rise to $18 a barrel next year JAKARTA (JP): Oil expert Subroto predicted yesterday that oil prices on the world market are likely to increase to US$18 a barrel, provided that Iraq does not enter the market.

Students next for AIDS test

Students next for AIDS test JEMBER, East Java: Local health authorities are taking their anti-AIDS campaign to university students next, having already conducted blood tests on high-risk groups such as prostitutes.

Ramos wants GATT ratified

Ramos wants GATT ratified MANILA (Reuter): President Fidel Ramos and a top businessman on Wednesday urged the Philippine Senate to ratify the new GATT world trade treaty, saying failure to do so would spell disaster.

Semarang wants own TV studio

Semarang wants own TV studio SEMARANG: Minister of Information Harmoko has given the green light to Central Java request to build its own television studio for the state-owned TVRI.The provincial government has already designated a five- hectare plot in Pucang Gading in eastern Semarang for the...

Many distributors involved in fake fuel sale: Police

Many distributors involved in fake fuel sale: Police JAKARTA (JP): City Police have found strong indications that many owners of diesel fuel distribution companies are directly involved in the mixing and selling of fake fuel in and around the city.

UMNO leadership

UMNO leadership The recent United Malay National Organization (UMNO) general assembly saw several key issues being discussed, but the main focus was undoubtedly on the strength and morality of the leadership in a booming economy.

Grand master Utut draws with Seirawan

Grand master Utut draws with Seirawan JAKARTA (JP): Indonesia's number one grand master Utut Adianto accepted American grand master Yasser Seirawan's offer to draw at the 25th move in their third-round duel here yesterday.

AIDS victim ostracized

AIDS victim ostracized MALANG, East Java: The Malang Regency office has launched an investigation into reports that a woman who has AIDS and gave birth last month has now been ostracized by fellow villagers.

Japan's village industry

Japan's village industry In his recent visit to Japan, East Java Governor Basofi Soedirman was impressed by the "one village, one product" concept.On returning home he envisaged implementing the concept in his province.

Better welfare for fishermen sought

Better welfare for fishermen sought JAKARTA (JP): The Deputy Governor for People's Welfare, R.S. Museno, has underlined the importance of improving the welfare of fishermen living in the city."A well-planned strategy in fishery development with the aim of improving fishermen's welfare is needed,"...

E. Timorese protesters leave Indonesia

E. Timorese protesters leave Indonesia JAKARTA (JP): The 29 East Timorese students, occupying the U.S. embassy compound since Nov. 12, left Jakarta for asylum in Portugal yesterday.Henry Fournier, head of the Regional Delegation of the International Committee of the Red Cross, said that they flew...

More questions than answers after Bogor

More questions than answers after BogorBy Meidyatama Suryodiningrat JAKARTA (JP): Though economic leaders of the Asia Pacific Economic Cooperation (APEC) forum were all smiles as President Soeharto triumphantly announced the results of the "Bogor Declaration," many watching soon began to ponder on...

Major conflict looms on campus of Satya Wacana

Major conflict looms on campus of Satya Wacana SALATIGA, Central Java (JP): A major conflict is looming at the prestigious Satya Wacana Christian University after the managing foundation refused a presidium formed last week to end the plagued internal dispute.

Jakarta to help other cities with development

Jakarta to help other cities with development JAKARTA (JP): The city administration will assist members of the City Coordination Board in its efforts to help speed up the physical development of other cities.Secretary general of the board A.

Savor some ASEAN cuisine downtown

Savor some ASEAN cuisine downtownBy Ati Nurbaiti JAKARTA (JP): It's possible to get to know popular dishes of neighboring countries at a dining venue downtown. Consider it an introduction to an intriguing variety of daily fare, as new tastes of familiar edibles are available at the ASEAN...

RI to field 23 shuttlers in Grand Prix finals

RI to field 23 shuttlers in Grand Prix finals JAKARTA (JP): Indonesia has firmly set its sights on sweeping at least three of the four titles up for grabs in the Grand Prix Finals from Dec. 7-12 in Bangkok, where it will parade a total of 22 shuttlers in the season-ending badminton tournament.

Incentives needed for sluggish bond market

Incentives needed for sluggish bond market JAKARTA (JP): The Indonesian government needs to issue special incentives and ease tax rulings to reinvigorate dormant trading on the secondary market of bond instruments.Basjiruddin A.

Quake shakes Tarutung again

Quake shakes Tarutung again TARUTUNG, North Sumatra: An earthquake measuring 4.2 on the Richter scale shook the Tarutung regency on Thursday morning, the second quake registered in the area in the past week.

Private networks welcome competition from TVRI

Private networks welcome competition from TVRI JAKARTA (JP): Indonesia's five current private television stations say they welcome greater competition from TVRI, which will soon be revamped, but warned against allowing the state- owned network to run advertisements.

Public telephone needed

Public telephone neededFrom NeracaThrough this letter I would like to call on PT Telkom to provide more public telephones along Jl. Sultan Agung. The present public telephones are not enough to serve the needs of the community living around the area.

Seminar on agribusiness

Seminar on agribusiness JAKARTA (JP): A number of experts on agribusiness will speak at a seminar organized by the Ministry of Agriculture on Dec. 2 and Dec. 3.A ministry spokesman said the speakers will include entrepreneurs Probosutedjo and Mooryati Soedibyo and scholar Sri Edi Swasono.

Mailbox needed

Mailbox neededFrom NeracaLetters are an essential means of communication. However in order that their function is properly served and to facilitate postage, the number of mailboxes must be increased.For example, along Jl. Kebon Jeruk Raya, West Jakarta, I can hardly find any mailboxes.

Jakarta promotes tourism aboard

Jakarta promotes tourism aboard JAKARTA (JP): Deputy Governor for Public Welfare Affairs Tb Rais kicked off a two-day promotion tour in Rotterdam, the Netherlands, on Wednesday night.In his speech at a luncheon to mark the opening of the promotion, Rais said that as Jakarta does not possess any...

Canadian killed in accident

Canadian killed in accident SERANG, West Java: A Canadian was killed and another badly injured in a car accident on the Serang-Cilegon highway on Wednesday, the Antara news agency reported.Yan McLyn, aged 42, was killed instantly, while his compatriot identified only as 41-year-old Ted by Antara,...

Perumka raises fares for executive, business class

Perumka raises fares for executive, business class BANDUNG, West Java (JP): The state-owned railway company Perumka raises its fares today for executive and business class passengers, both for long and short-distance services in Java, by a range of one to 16 percent.

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.

Social gap

Social gapFrom SuryaAll luxurious cars used during the meeting of the Non-Aligned Movement in Jakarta two years ago were sold out. Now following the end of the APEC meeting in Bogor, the cars for the forum which cost around Rp. 1 billion each also sold like peanuts.

Plan on `Agropolitan' announced

Plan on `Agropolitan' announced JAKARTA (JP): The Municipal Agriculture Office has drawn up a strategic plan for maximizing the use of small plots of land by planting crops with high economic value.Maharanto, the chief of the office, said that the "agropolitan" policy was established to cope with...

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) recovered yesterday after sharp declines on the previous two days.The JSX Composite Index, which incurred a total loss of 23 points on Tuesday and Wednesday, gained ground to close 6.5 points higher at 488.

Trade ties with foreigners

Trade ties with foreigners Frequently I read in the newspapers statements by politicians, both Indonesian and foreign, stating the need for closer industrial and trade ties between Indonesia and foreign countries.

Up to 200 still missing on Merapi

Up to 200 still missing on Merapi JAKARTA (JP): As many as 200 people were still not accounted for by yesterday, three days following the eruption of Mount Merapi in Central Java which has already killed 32 people.

Distinguished exporters win state recognition

Distinguished exporters win state recognition JAKARTA (JP): President Soeharto yesterday awarded 59 "distinguished exporters", saying that all government institutions must improve coordinated efforts to support the growth of Indonesia's exports in the new era of trade liberalization.

Govt not to interfere in NU congress

Govt not to interfere in NU congress JAKARTA (JP): The government promised the 34 million members of the Nahdlatul Ulama (NU) yesterday that it would not interfere in the organization's congress next month.

Law on foundation

Law on foundationFrom RepublikaWhatever the results of the next Kaliurang meeting in Yogyakarta are, the issue of Arief Budiman should be able to serve as an "eye opener" in the effort to improve the system of "Foundations.

Golf course causes sedimentation

Golf course causes sedimentation The National Aeronautics and Space Research Institute has determined that the construction of the Pantai Indah Kapuk golf course and real estate complexes in North Jakarta is accelerating sedimentation along the coast.

TV today

TV todayTVRI 2:30 p.m TV Series: Kubuto 3:05 Langka dan Unik 3:30 Science Program 4:00 School Quiz: Cerdas Cermat 4:30 Science Film 5:00 Regional News 5:30 Dunia Pustaka 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Karya Nyata 7:00 Evening News 7:30 Dinamika 8:05 Nusantara Star...

Writing contest winners named

Writing contest winners named Dian Purwitasari, a student of SMA 34 Jakarta, has won the grand prize in the annual writing competition held by the Lions Club and the United Nations Information Center.The center reported yesterday that the competition was held along with a variety of other...

Tangerang frees top tax official

Tangerang frees top tax official TANGERANG (JP): Although the Supreme Court has yet to announce its decision, the Tangerang Penitentiary has released a former official of the local Tax Service Office convicted of manipulating invoices worth Rp 2.4 billion (US$1.1 million).

Police vow to stay away from PDI conflict

Police vow to stay away from PDI conflict JAKARTA (JP): The national police pledged yesterday they would stay away from any leadership conflicts within the Indonesian Democratic Party (PDI).Spokesman for the national police Brig. Gen.

Overpass badly damaged

Overpass badly damagedFrom Media IndonesiaThe iron flooring of the viaduct at Jl. Daan Mogot, in front of the Immigration Complex, West Jakarta, has become too rusty to properly support the weight of pedestrians and needs repairing.

Better economic outlook

Better economic outlook Most analysts foresee a much rosier economic situation for Indonesia next year. Barring any extraordinary external shocks or adverse political incidents, the country's economy is predicted to grow by a respectable rate of minimally seven percent, compared to an estimated 6.