Indonesian Political, Business & Finance News

Archive: 13 April 1994

30 articles found

Soeharto inaugurates telecommunications projects

Soeharto inaugurates telecommunications projects JAKARTA (JP): President Soeharto said on Monday that Indonesia aims to achieve self-reliance in science and technology, including the telecommunications industry, during its upcoming take-off period. "We do not want to continue to be mere consumers of foreign science and importers of technology from other countries. We wish to be self-reliant," he said in a ceremony to dedicate telecommunications projects in Bandung, West Java, on Monday.

Textile firm to increase capacity

Textile firm to increase capacity JAKARTA (JP): PT Ever Shine Tex, a major integrated fabric and garment producer, expects its exports will increase to around US$20 million this year from $14.03 million last year, a company executive says. Pui-Man Sung, president of Ever Shine Tex, told reporters after a shareholders meeting on Monday that the company will raise authorized capital to Rp 300 billion this year from Rp 80 billion at present to anticipate the company's plans to raise exports.

Archrivals duel

Archrivals duel in Lucky Strike JAKARTA (JP): National champion Jhony 'Kucing' Pranata will face a stiff challenge from former local great Frans Tanujaya when the two leading crossers meet at the Lucky Strike international championship in Yogyakarta April 16-17. Frans, the 1992 champion, who has been training rigorously in Japan, defeated last year's national champ Jhony in a recent race, the second series of the national event.

Two men arrested from kidnapping syndicate

Two men arrested from kidnapping syndicate JAKARTA (JP): Police have arrested two men in connection with a crime ring that kidnapped women from bus terminals in Jakarta and elsewhere after luring them away with promises of employment. The two were arrested by police agents on Saturday together with a total of 31 women, aged between 13 and 35, some of whom had been locked up for almost a month at a semi-permanent building which also functions as the offices of a foundation in West Jakarta.

Two more arrested for credit scam

Two more arrested for credit scam JAKARTA (JP): The Attorney General's Office arrested two more former directors of Bank Pembangunan Indonesia (Bapindo), Sjahrizal and Bambang Kuntjoro, on Monday in a major development in the investigation of the Rp 1.3 trillion ($620 million) loan losses at the state bank.

Levi Strauss's decision draws various reactions

Levi Strauss's decision draws various reactions JAKARTA (JP): The decision of San Francisco-based Levi Strauss & Co., the manufacturer of Levi's and Dockers brand clothing, to stop its contract with the Jakarta-based PT Duta Busana Danastri garment factory has drawn various reactions from a number of experts here. Frans Hendra Winarta, a noted lawyer, praised the action as proving that an American company can have a commitment to establishing workers' rights despite a profit-oriented policy.

Ujungpandang

Ujungpandang into semifinals after a draw JAKARTA (JP): Defending champion PSM Ujungpandang followed in the footsteps of Bandung to march into Friday's semifinals after a scoreless draw, but PSIR Rembang stole the limelight in yesterday's Group K intercity amateur soccer championship by crushing Persiraja Banda Aceh 4-1.

Need for introspection

Need for introspection President Soeharto often says the Javanese phrase: Rumangsa bisa, nanging ora bisa rumangsa. Translated, this means, "To feel that one has the ability to do something, but not able to realize this ability." Broadly speaking, this expression means that we have the political will to evaluate our real ability in the context of our job we are doing. However, this also implicitly calls on us to do introspection.

ABRI to play motivating role in nation's future politics

ABRI to play motivating role in nation's future politics --------------------------------------------------------------------- The Armed Forces chief says there is a need to review the doctrine of ABRI. Political scientist Amir Santoso argues that ABRI will be taking on a motivating role in the future. ---------------------------------------------------------------------- JAKARTA (JP): There is no intent on the part of the Armed Forces (ABRI) to abandon their dual function, or dwi fungsi.

Asian economy to keep on sprinting ahead

Asian economy to keep on sprinting ahead MANILA (AFP): Asia-Pacific economies will keep sprinting ahead of the rest of the world through 1995 with more than seven percent annual growth, but grave problems loom, the Asian Development Bank (ADB) said yesterday.

Hardiyanti urges Timorese to unite

Hardiyanti urges Timorese to unite JAKARTA (JP): The 24 Portuguese citizens of East Timor origin ended their one-month visit here with a call for all East Timorese at home and abroad to settle their differences and join hands to rebuild Indonesia's youngest province. "Let's bury the hatchet and look to a future that is full of unity," said Siti Hardiyanti Rukmana, the head of the Portugal- Indonesia Friendship Association, who is sponsoring the visit.

EU says rubber talks promising

EU says rubber talks promising SINGAPORE (AFP): The European Union (EU) said it is "very optimistic" of a successful outcome this week to ongoing talks on a new natural rubber agreement as there are only two major differences to be resolved.

JP/8/GATT/3 cols 8pt U55, Credit 6pt Italic/Head 14pt ML Caps

JP/8/GATT/3 cols 8pt U55, Credit 6pt Italic/Head 14pt ML Caps JP/kod ANTI-DUMPING: Michael J. Finger (left), a leading World Bank economist on trade policy, speaks about anti-dumping regulations during a seminar in Jakarta on Monday. Seated beside him is Marie Pangestu, an economist at the Centre for Strategic and International Studies (CSIS), who acted as moderator. (Spelling CENTRE jangan dirubah)

Religion employed for environmental causes

Religion employed for environmental causes JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja warns that the barrage of campaigns to save the environment should take into consideration the values and beliefs of the people to be more effective. One being religious values. Many pro-environment messages are lost on the public because they fail to touch values which people believe are at stake, Sarwono said on Monday.

Surabaya judge loses his gavel

Surabaya judge loses his gavel JAKARTA (JP): Justice Minister Oetojo Oesman has delayed the promotion of a judge in Surabaya who is under investigation for accepting bribes in acquitting three businessmen of tax evasion charges. Judge Sarwono, the deputy of the Surabaya District Court, was originally slated to become chief of the Medan District Court, but his promotion has now been delayed pending the outcome of the investigation, the minister told reporters on Monday.

JP/2/Caption/0

JP/2/Caption/0 (inset 14ptML, rest 8pt U55 3col, credit 6pt italics) Antara SOPHISTICATED SYSTEM: President Soeharto (center) has a long- distance chat with the chief of Banyu Biru subdistrict, a remote area in Banten, West Java, using the newly installed communications system which he inaugurated at the Telecommunications Technology Institute in Bandung.

A PSSI

A PSSI JP/arh GOAL GETTER: Striker Hadi Surento of PSIR Rembang scores his team's first goal as teammate Frits Rudolf Patwa (inside the net) responds in jubilation during the PSSI Cup finals at Senayan stadium. PSIR Rembang, from a small town on the northern coast of Central Java, defeated Persiraja Banda Aceh 4-1 with the help of Frits' hat-trick yesterday.

Share prices fall further on Jakarta Stock Exchange

Share prices fall further on Jakarta Stock Exchange JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) continued sliding on Monday with the broad-based Composite Index falling by almost seven points to close at 456.91 from 463.43 last Friday. "The market was quiet but we expect it to be busier after the national holiday on Tuesday," said one securities analyst. The narrower-based GTDBS-50 Index also continued declining to close at 107.86 from 109.49.

Photo

Photo JP/msa MORE ARRESTS: Sjahrizal (center, with glasses), former director of Bapindo, is escorted by Attorney General's Office staff to the detention rooms at its headquarters. Sjahrizal, who was removed from the top post at Bank Tabungan Negara (BTN) last Friday, was arrested on Monday for his alleged role in the credit fiasco. The Attorney General's Office also detained another former Bapindo director, Bambang Kuntjoro, on similar charges. Headshots: // Bambang K.

Indonesia sends rice to relieve Kenyan famine

Indonesia sends rice to relieve Kenyan famine JAKARTA (JP): Indonesian has sent some 100 tons of rice to help relieve a four-year famine currently afflicting Kenya. A ship carrying the aid left Tanjung Priok harbor on Sunday and is expected to arrive at the port of Mombasa, Kenya on May 7, the Ministry of Foreign Affairs announced on Monday. Since 1990, Kenya has been beset by a prolonged drought which has wiped out the harvest and caused severe food shortages.

Military, police launch joint anti-crime campiagn

Military, police launch joint anti-crime campiagn JAKARTA (JP): Jakarta Military Commander Maj. Gen. Hendropriyono launched a massive anti-crime operation involving 16,700 police and military personnel on Monday. "The security conditions in Jakarta and its surrounding areas have deteriorated lately as the incidence of crime and acts of violence have increased," Gen. Hendropriyono told reporters after a military ceremony at City Hall.

JP/2/across/heading 12pt U75

JP/2/across/heading 12pt U75 Across the Archipelago Indonesia owns 7,200 dispensaries MEDAN, North Sumatra: Indonesia has at least 7,200 dispensaries in towns spread all over the country according to the Secretary General of the Association of the Indonesian Pharmacists, Endang Kusnadi. He made this announcement at the opening of the Association's meeting here over the weekend.

Indonesia to host congress, festival on bamboo next year

Indonesia to host congress, festival on bamboo next year JAKARTA (JP): Indonesia will host the fourth international bamboo congress and festival in Bali next year, Minister of Tourism, Post and Telecommunications Joop Ave says. "U.S. Vice President Al Gore is expected to present a key-note address to congress, which will be attended by 150 bamboo scientists of the International Network of Bamboo and Rattan (INBAR)," he said here Monday.

Javanese need pioneering spirit lest island sinks

Javanese need pioneering spirit lest island sinks JAKARTA (JP): Indonesia needs to instill a greater pioneering spirit among its ethnic Javanese population because the island, already one of the most densely populated areas in the world, and its resources are now burdened by population difficulties.

Revised bill on exploitation of ground water passed into law

Revised bill on exploitation of ground water passed into law JAKARTA (JP): The City Council passed a revisionary bill on the drilling of deep wells and the consumption of ground water on Monday. The law, which is aimed at discouraging Jakartans from using ground water, was passed by the council at a plenary session chaired by Deputy Chairman Ismunandar. The city administration is concerned with the depletion of ground water reserves and potential salt water intrusion.

Surabaya Hyatt Regency hotel suffering decline in profits

Surabaya Hyatt Regency hotel suffering decline in profits JAKARTA (JP): PT Bumi Modern, a company operating a five-star hotel in the East Java capital of Surabaya, recorded a decline in its after-tax profit to Rp 3.86 billion (US$1.77 million) last year from Rp 5 billion a year earlier, the company reports.

Two Asian tycoons to set up seven sugar projects

Two Asian tycoons to set up seven sugar projects JAKARTA (JP): Two of Asia's wealthiest and most powerful businessmen are forming an alliance that will create one of the largest sugar empires in the world. Indonesia's Liem Sioe Liong and Malaysia's Robert Kuok plan to merge their sugar interests in Indonesia under a new holding company and spend more than US$1 billion on seven projects which will cover a total area of more than twice the size of Singapore in south Sumatra.

After sparking crisis, Japan PM seeks mediator role

After sparking crisis, Japan PM seeks mediator role TOKYO (Reuter): Prime Minister Morihiro Hosokawa, who ignited a bitter power struggle with his sudden resignation, urged Japan's bickering coalition chiefs yesterday to shelve their feud and choose his successor.

JP/3/Focus/0 set 12pts U75 1 col 2 lines

JP/3/Focus/0 set 12pts U75 1 col 2 lines Six arrested for attacking police Police have arrested four of six men, including a member of the Armed Forces (ABRI) personnel, who allegedly stabbed Second Sergeant Dwi Supriatna, 23, at a small alley in Tanah Abang, Central Jakarta, last week. Sgt. Dwi suffered three severe stab wounds in the assault which took place after he was involved in a quarrel at around 5 p.m. on Saturday with a group of six men, including another ABRI member.

Marine Corps plan new assault battalion

Marine Corps plan new assault battalion JAKARTA (JP): The Marine Corps is currently forming a new assault battalion designed for landing and amphibious operations despite questions surrounding the financing of the sophisticated weaponry needed for such a unit. Navy Chief of Staff Admiral Tanto Koeswanto disclosed on Monday that the new unit, which will be the third assault battalion in the Corps, is needed to protect Indonesia's vast maritime territory.