Indonesian Political, Business & Finance News

Archive: 10 December 1994

30 articles found

1. INVEST -- 48pts Metromedium 4 koloms 2 lines

1. INVEST -- 48pts Metromedium 4 koloms 2 lines TRIMs must be part of investment law: Expert2. GRANT -- 26pts HBC 1 kolom 3 lines WB grant for RI judiciary3. BIS -- 36pts New Century Schoolbook Bold 6 koloms 1 line Derivatives aggravate crises: BIS4.

Thai coalition collapses, elections expected

Thai coalition collapses, elections expected BANGKOK (AFP): Thailand's coalition government has collapsed, and Prime Minister Chuan Leekpai is expected to announce snap elections in the coming weeks.The New Aspiration Party (NAP), second-largest member of Chuan's five-party coalition, announced...

Share prices on JSX fall to new low

Share prices on JSX fall to new low JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) continued drifting lower yesterday with most issues loosing ground in heavy trading.The JSX composite Index closed 7.11 points lower to end at 454.08, as compared to 461.2 on Thursday.

Taiwan arrests

Taiwan arrests RI sailors TAIPEI (Reuter): Taiwan authorities have arrested nine Indonesian sailors for alleged gun-running to Taiwan's underworld, the coastguard said yesterday.The nine are alleged to have tried to smuggle 16 handguns and 776 bullets on a cargo ship that docked at the southern...

WB grant for RI judiciary

WB grant for RI judiciary JAKARTA (JP): The Washington-based World Bank has approved a US$500,000 grant for Indonesia to help develop its economic legal system, including institutions and human resources, over the next five years.

More attention on indigenous people sought

More attention on indigenous people sought JAKARTA (JP): Activists view that in some areas the government-sponsored transmigration program has failed because of the lack of the indigenous people's involvement in development projects.

Garuda and

Garuda and privatization The editorial on the privatization of Garuda Airlines which appeared in The Jakarta Post on Thursday, Dec. 8, 1994, certainly points to a number of constraints that Garuda Indonesia faces in meeting international conditions, such as the layers of bureaucratic procedures.

Suggestions for UKSW

Suggestions for UKSWFrom Media IndonesiaI am very concerned about the row occurring in the Satya Wacana Christian University in Salatiga, Central Java. What surprises me is how university people, who are basically academic, rational and well versed with scientific methods and familiar with various...

Japan urged to sell Indonesian plywood

Japan urged to sell Indonesian plywood JAKARTA (JP): Indonesia is currently negotiating intensively with 10 Japanese plywood manufacturers, who are going bankrupt due to a worldwide lack of raw materials, to get them to market Indonesia's plywood in Japan.

PLN to give repeat order to Ansaldo

PLN to give repeat order to Ansaldo GARUT, West Java (JP): The state electricity company PT PLN will give a repeat order to Ansaldo GIE SPA of Italy for construction of another 55-megawatt geothermal power generation plant on Mount Salak, West Java next month.

TRIMs must be part of investment law: Expert

TRIMs must be part of investment law: Expert JAKARTA (JP): An investment expert suggested yesterday that the government, which is drafting a new investment bill, accommodate all principles being negotiated in the Trade on Related Investment Measures (TRIMs).

WB (Mengisi kapling 27CM) -- 28pt NCSB 4 koloms 1 line

WB (Mengisi kapling 27CM) -- 28pt NCSB 4 koloms 1 line RP, WB meet on $50b projects

Court mafia

Court mafia Talk about the existence of a court mafia is once again rife in the mass media. Prof. Zainal Asikin Kusumah Atmadja, a former Deputy Chairman of the Supreme Court, in an interview with the daily newspaper Kompas disclosed the existence of such a mafia.

Indonesia needs strong TV stations

Indonesia needs strong TV stations JAKARTA (JP): Indonesia and other developing countries need to build a strong television industry to counter the foreign broadcasts which are influencing national viewers, Minister of Information Harmoko said yesterday.

RP, WB to discuss $50b projects

RP, WB to discuss $50b projects MANILA (AFP): The Philippines and the World Bank said yesterday they will convene a high-level meeting next week to boost private investment in the country's infrastructure, expected to cost US$50 billion over the next decade.

Filling a need

Filling a need As the millions of Jakartans who cannot afford the luxury of owning a car or motorbike well know, much is left to be desired about this city's public transportation system. Except for the few RMB air conditioned buses which are operated by the PPD city transit company, city buses and...

Trimoelja, the David of Indonesian legal circles

Trimoelja, the David of Indonesian legal circlesBy Imanuddin JAKARTA (JP): Trimoelja D. Soerjadi, the winner of this year's Yap Thiam Hien human rights award, could be aptly described as the David of Indonesian legal circles.

Multibreeder signs loan

Multibreeder signs loan JAKARTA (JP): PT Multibreeder Adirama Indonesia, a poultry company listed on the Jakarta Stock Exchange (JSX), signed an agreement in Singapore yesterday on a syndicated credit facility worth US$15 million.

Over 3,000 firms break labor laws

Over 3,000 firms break labor laws JAKARTA (JP): Over 3,800 companies in Indonesia were found to be in violation of various labor laws, the Ministry of Manpower said.Ministry chief spokesman Fachri Taharuddin said a team investigated more than 9,000 companies in the last three months and found that...

Massage parlor

Massage parlorFrom NeracaWe are the residents who live in the Lenteng Agung sub- district, South Jakarta. We would like to question the establishment of some massage parlors which actually function as brothels.

Hancock to start retail

Hancock to start retail JAKARTA (JP): PT Asuransi Jiwa Bumiputera John Hancock, a provider of employee benefits, announced yesterday that it will enter the retail life insurance market.The insurance company, 80 percent owned by John Hancock Holdings, a subsidiary of the U.S.

Using condom is `economically' worthwhile

Using condom is `economically' worthwhile JAKARTA (JP): Use a condom when having sex. It's worthwhile not only from a health point of view but also from an economic point of view.During a seminar at the University of Indonesia's School of Economics yesterday, Gerard Russo from the East-West Center...

Go global, phone firms told

Go global, phone firms told JAKARTA (JP): Minister of Tourism, Post and Telecommunications Joop Ave yesterday urged Indonesian telecommunications firms to seek jobs in other countries in cooperation with foreign partners.

Floods

FloodsFrom NeracaAs the rainy season is upon us (in December) we can be sure that floods will hit the usual areas of Jakarta city, particularly Jl. Subang, Jl. Taman Kebon Sirih.In this relation the flood controlling agents should be prepared for the crisis.

Indonesia to help map Africa strategy

Indonesia to help map Africa strategy JAKARTA (JP): Indonesia will host a five-day Asia-Africa Forum aimed at establishing programs to facilitate African development by way of the Asian experience.The activities of the forum will be part of the South-South development cooperation undertaken by the...

Road in Bekasi

Road in Bekasi From Media IndonesiaFor over a month trucks carrying earth are passing Jl. Teluk Buyung, Bekasi, starting from the railway crossing to Taman Wisma Asri. The trucks carry the earth to the Prima Harapan Regency housing complex in Bekasi.

More attention on indigenous people sought

More attention on indigenous people sought JAKARTA (JP): Activists view that in some areas the government-sponsored transmigration program has failed because of the lack of the indigenous people's involvement in development projects.

Intimidation

IntimidationFrom KompasThe decision to buy or not to buy something from a shop or street vendor entirely depends on the consumer.In the case of street vendors, one can even look, prod and hold the goods closely and put them back if he or she does not like them.

Singapore denies air discrimination

Singapore denies air discrimination SINGAPORE (Reuter): Singapore Air Traffic Control (ATC) does not discriminate against any aircraft or airport, the Civil Aviation Authority said yesterday.Its statement followed a report by Indonesia's Antara news agency on Thursday that Indonesia was taking over...

Plane skids

Plane skids off runway YOGYAKARTA: A DC-9 plane belonging to the Merpati Nusantara Airlines skidded off the runway when it landed at the Adisucipto Airport here yesterday.There were no injuries.The plane, which was carrying 80 passengers and six crew members from Denpasar, stopped some 35 meters...