Indonesian Political, Business & Finance News

Archive: 14 December 1994

51 articles found

Caterpillar operates in Vietnam

Caterpillar operates in Vietnam HANOI (Reuter): Caterpillar Inc, the U.S. heavy construction equipment giant, has launched its Vietnam operations with the announced founding of a 100-percent U.S.-owned local company, V- TRAC.V-TRAC's majority shareholder is Anthony D.

Dharmala and British corp. sign $20m loan accord

Dharmala and British corp. sign $20m loan accord JAKARTA (JP): Under an agreement signed yesterday, the British finance institution Commonwealth Development Corporation provided a loan of US$20 million to PT BBL Dharmala Finance, a publicly listed leasing company.

Sole agent of Konica to float shares

Sole agent of Konica to float shares JAKARTA (JP): PT Perdana Bangun Pusaka (PBP), the sole agent of Konica film of Japan, will sell around 30 percent of its enlarged stocks to the public to raise funds for its expansion program.

Wiranto to be sworn in to replace Hendro

Wiranto to be sworn in to replace HendroBy K. Basrie JAKARTA (JP): Former City Military Chief of Staff Brig. Gen. Wiranto is scheduled to be inducted as new Jakarta Military Commander this morning to replace Maj. Gen. AM Hendropriyono.The induction ceremony will be led by Army Chief of Staff Gen.

Students criticize rights commission

Students criticize rights commission SEMARANG: Some 100 students and artists from Semarang, Solo and Yogyakarta observed International Human Rights Day yesterday at the campus of the University of Diponegoro, criticizing the National Commission for Human Rights.

Volcanic benefits

Volcanic benefits The Nov. 22 eruption of the Merapi volcano near Yogyakarta that killed more than 50 people reminded us of the potential for disaster in the 127 volcanoes that ring our country. Indeed, the nature of Indonesia's geology is such that the country is often dubbed a ring of fire.

UI students protest myriad rights abuses

UI students protest myriad rights abuses JAKARTA (JP): Students of the prestigious University of Indonesia held a rally yesterday condemning various abuses on human rights, including students' rights to have a better academic life.

PT Chandra Asri must be transparent first: Tunky

PT Chandra Asri must be transparent first: Tunky JAKARTA (JP): Industry Minister Tunky Ariwibowo said yesterday that any infant upstream industrial plant asking for the government's protection must be transparent to the government, especially on their funding structure and production costs.

Bank Bira wins BankWatch's rating on promissory note

Bank Bira wins BankWatch's rating on promissory note JAKARTA (JP): The publicly-listed Bank Bira has won a grade TBW-3 debt rating from the New York-based Thomson BankWatch rating agency for the bank's short-term US$20 million promissory note, a bank executive says.

Rp 55b loans earmarked to curb pollution

Rp 55b loans earmarked to curb pollution JAKARTA (JP): The government has provided Rp 55 billion (US$26 million) in soft loans, derived from the Japan Overseas Economic Cooperation Fund (OECF), which were made available under the pollution abatement equipment program and given to an industrial...

Popo Iskandar still interested in cats

Popo Iskandar still interested in catsBy Amir Sidharta JAKARTA (JP): The works of master painter Popo Iskandar is currently on exhibit at Taman Ismail Marzuki's Main Exhibition Hall (Ruang Pameran Utama). The exhibition reveals part of his artistic life over the last 30 years.

Spotlight

SpotlightPhoto A: WeddingSetnegDECEMBER COUPLE: President Soeharto and Mrs. Tien Soeharto congratulate Insan Jaya Amin, son of H.R.K. Widarto. He married Yufiani Sujudi (third from right), daughter of Minister of Health Sujudi (second from left), on Dec. 10.

Indonesia salvages pride at Chess Olympics

Indonesia salvages pride at Chess Olympics JAKARTA (JP): Indonesia clawed its way back to double successes in the 11th round of the Olympics of Chess in Moscow by notching comfortable wins in both men's and women's divisions matches on Monday.

More street lamps to be put up

More street lamps to be put up JAKARTA (JP): The Municipal Lighting Office has installed 72,000 street lamps and is planning to put up 50,000 more by the year 2005, bringing the total to 122,000 street lamps.

S'pore clamps down on foreign workers

S'pore clamps down on foreign workers SINGAPORE (AFP): The government has asked courts to raise penalties on employers illegally recruiting foreign workers, many of whom are smuggled in from Malaysia and other neighboring countries, officials said yesterday.

Vietnam's rice output up

Vietnam's rice output up HANOI (AFP): Rice output in Vietnam is expected to reach 23 million tons this year despite floods that have wiped out large areas of paddy fields in the key Mekong Delta area, a report said.

Court asked to free Hartono

Court asked to free Hartono JAKARTA (JP): The lawyer of Hartono Setyawan, the alleged owner of a high-class brothel, asked the South Jakarta District Court yesterday to acquit his client of all charges."I asked the honorable judge to acquit my client of all charges," said lawyer Hadi Mulyono Upas.

Color paper price rises

Color paper price rises JAKARTA (JP): PT Modern Photo, a public photographic firm, said here yesterday that color paper price will increase worldwide next year.Spokesperson for the company, Fennie Samudra, told The Jakarta Post here yesterday that due to massive rises in raw material costs,...

CPI expects $26.18m from rights issue

CPI expects $26.18m from rights issue JAKARTA (JP): PT Charoen Pokphand Indonesia (CPI), an animal feed producer listed on the Jakarta and Surabaya stock exchanges, expects to raise Rp 56.30 billion (US$26.18 million) from the sales of its rights shares next month.

Indonesian airlines fear competition of Singapore

Indonesian airlines fear competition of Singapore JAKARTA (JP): Indonesian airline companies are afraid that the hub for international flights from and to the country may shift from Jakarta to Singapore because of the latter's more extensive connections to international destinations.

AIDS strikes small Irian Jaya community

AIDS strikes small Irian Jaya communityBy Dini S. Djalal MERAUKE, Irian Jaya (JP): As citizens of Merauke, Irian Jaya, look forward to the coming year, they may look back on this year as a year of disaster.First, rain has been scarce for nearly a year, and crops are suffering.

African countries told to look east

African countries told to look eastBy Meidyatama Suryodiningrat BANDUNG (JP): The successful development of Asian countries were cited in an international forum here yesterday as an ostensible outline to be emulated by African states which have thus far pursued the singular approach of European and...

Officials, public asked to fight AIDS seriously

Officials, public asked to fight AIDS seriously JAKARTA (JP): The chairman of the National Commission to Contain the Spread of AIDS, Azwar Anas called on all government officials and the public yesterday to be serious in their efforts to curb the spread of the lethal disease.

Student arrested for drug dealing

Student arrested for drug dealing PURWOKERTO, Central Java: The police have arrested a 24-year- old student on suspicion of drug trafficking.The Banyumas Police Chief Col. Demak Lubis said yesterday that the police confiscated marijuana from the suspect, who is known as an alcoholic and a drug...

National games to reduce events: Organizers

National games to reduce events: Organizers JAKARTA (JP): Organizers of the 14th National Games (PON) in 1996 will make a bold step by reducing the number of sports competed in the quadrennial event to those contested in either Olympic Games or Asian Games.

Aspac beats Hadtex

Aspac beats Hadtex JAKARTA (JP): Defending champion Aspac of Jakarta yesterday cleared the first hurdle to retaining its crown by whipping Hadtex of Bandung 92-73 in the final leg of this year's Intercity Professional Basketball League (Kobatama)."They're better.

Indonesia warned of emerging competitors

Indonesia warned of emerging competitorsBy Rikza Abdullah KUALA LUMPUR (JP): U.S. economists warned yesterday that Indonesia may lose out in competition with other developing nations if it fails to continue reducing its bureaucracy, monopolies and costs.

The need to go the extra mile

The need to go the extra mile Three bullets did the job. The death of the man who held hostage the daughter of his former boss, put an end to the eleven-hour drama in Kebon Jeruk, West Jakarta, on Dec. 8, 1994.

Troops kill Aceh rebel

Troops kill Aceh rebel BANDA ACEH, Aceh: Troops were engaged in a shootout with a group of separatist rebels in Tangse district, Pidie, on Sunday night, killing one of them.Chief of the Liliwangsa Military Command Col.

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.

New NU board excludes rival of Abdurrahman

New NU board excludes rival of Abdurrahman JAKARTA (JP): Nahdlatul Ulama (NU) selected members to the new board of executives, though conspicuously absent from the lineup was Abu Hasan, the strongest contender during the Moslem's organization's recent chairmanship election.

Decision on Marsinah not final

Decision on Marsinah not final JAKARTA (JP): Minister of Justice Oetojo Oesman said yesterday that the East Java high court's decision to free businessman Judi Susanto, the main suspect in the murder case of labor activist Marsinah, was not final.

Asia told to close ranks to face world competition

Asia told to close ranks to face world competition KUALA LUMPUR (JP): Malaysian Deputy Prime Minister Anwar Ibrahim is inviting Asian nations to close ranks to improve competitiveness in facing the increasing global business competition following the implementation of the GATT principles.

Public grievances compiled

Public grievances compiled JAKARTA (JP): Got any complaints about hospital services other than the food? Here's your chance to get even.The health magazine Higina, in collaboration with the Indonesian Medical Association, is now compiling complaints from members of the public who have a grievance...

Attack on E. Timor newsman condemned

Attack on E. Timor newsman condemned JAKARTA (JP): Last week's assault on a journalist and the office of the only East Timor newspaper by members of a youth organization has triggered strong reactions from officials and the local bishop.

Stock Exchange

Stock Exchange JAKARTA (JP): Selling pressures remained strong on the Jakarta Stock Exchange (JSX) yesterday, pushing down most share prices.The JSX Composite Index continued falling to end the day at 447.04 against 447.75 on the previous day.

PDI protesters want Megawati to quit post

PDI protesters want Megawati to quit post JAKARTA (JP): A controversial activist of the Indonesian Democratic Party (PDI), who was sacked recently for insubordination, retaliated in kind yesterday by demanding the party chairperson's dismissal.

Telkom offers holiday telegrams

Telkom offers holiday telegrams JAKARTA (JP): The Jakarta chapter of the state-owned telecommunications company PT Telkom will start serving public demand for decorative Christmas and New Year greeting telegrams tomorrow.

Hendro favored to take PJSI's helm

Hendro favored to take PJSI's helm JAKARTA (JP): Hendropriyono will hand over his Jakarta Military Command baton to Wiranto today, but is likely to receive another baton from the Indonesian Judo Association (PJSI).

British Gas eyes RP

British Gas eyes RP MANILA (AFP): British Gas plc conducted talks with four local oil firms for possible oil and gas exploration activities in the Philippines, the Energy Department said yesterday.Officials of the British firm met with executives of state- owned Philippine National Oil Co.

Local residents protest military detention of six

Local residents protest military detention of six JAKARTA (JP): A group of residents from Sawangan Lama village, Depok, West Java, yesterday met with members of the House of Representatives to question the detention of six villagers by the district military command in relation to an unsettled land...

Heavy flooding hits Jember

Heavy flooding hits Jember SURABAYA, East Java: Heavy flooding drove 3,000 from their homes to higher ground in four Jember regency districts on Sunday.Officials of the Jember regency government said that the floods were triggered by the collapse of a flood control structure in Kencong, 55...

Pop top and environment

Pop top and environment There are many grave threats to the global environment and even more threats to Indonesia's beauty. Many mills and factories dump their effluent into streams. Developers destroy forests and farms while urban sprawl threatens much of the country.

Tangerang needs pedestrian bridges

Tangerang needs pedestrian bridges TANGERANG (JP): The Tangerang Public Works Office wants the private sector to assist in building pedestrian bridges in the township because the administration has a very limited budget.

Glodok Plaza saved from fire gutting

Glodok Plaza saved from fire gutting JAKARTA (JP): Puspo Adiyuwono, the Managing Director of PT Multi Plaza Properties, said yesterday that Glodok Plaza, a shopping center managed by the company, was not damaged by a fire last Saturday.

Piracy picking up in RI waters

Piracy picking up in RI waters KUALA LUMPUR (AFP): Piracy is picking up in Indonesia's waters with nine attacks reported in the past two months in a new hot spot for sea robberies, the International Maritime Bureau (IMB) said yesterday.

Government concurs with stiffer sentence for Tansil

Government concurs with stiffer sentence for Tansil JAKARTA (JP): The government and a politician yesterday welcomed the Jakarta High Court's decision to raise the jail term handed to businessman Eddy Tansil, saying that it bodes well for the anti-corruption drive.

More witnesses testify for Yorrys

More witnesses testify for Yorrys JAKARTA (JP): The defense lawyers of Yorrys Raweyai, a prominent figure of a youth organization charged with organizing a gambling den, presented two more witnesses at court to counter all testimonies against his client.

Weight lifting title for W. Java

Weight lifting title for W. Java JAKARTA (JP): West Java outpointed favorite Lampung to win the overall title at the national weight lifting, power lifting and body building championships in Bekasi, West Java on Monday.

Housing complex needs reviewing

Housing complex needs reviewing JAKARTA (JP): The Jakarta administration has been urged to review the construction of a housing complex located near the Dolog Jaya Kelapa Gading rice barns."The distance between the housing complex and the barns is very close.

No turning back on free trade

No turning back on free trade JAKARTA (JP): Indonesia must cautiously move with the global trend towards free trade but it must not waver because that is the direction the world is heading, President Soeharto said yesterday.