Indonesian Political, Business & Finance News

Archive: 17 May 1994

35 articles found

Govt. determined to build apartments for Tebet fire victims.

Govt. determined to build apartments for Tebet fire victims. JAKARTA (JP): The South Jakarta mayoralty will stick to its plan to build low-cost apartments for Tebet fire victims at the fire site despite the victims' strong objections.

INRO meeting to pick new buffer stock manager

INRO meeting to pick new buffer stock manager KUALA LUMPUR (AFP): The International Natural Rubber Organization (INRO) opened talks here yesterday, during which a new buffer stock manager will be selected from six candidates proposed by the United States and the European Union, officials said. "The U.S. nominated two candidates, while the EU gave four names.

RI expected to stabilize tin market

RI expected to stabilize tin market JAKARTA (JP): Indonesia can function as a stabilizer for the world tin market by increasing its output while production in Thailand and Malaysia is decreasing. "As the world's biggest tin exporter, Indonesia has a very important role in stabilizing the tin market through its involvement in the Association of Tin Producing Countries (ATPC)," David S. Ratcliffe, managing director of the Phuket- based Thailand Smelting and Refining Co.

Poor macro-economic performances blamed for rises in interest

Poor macro-economic performances blamed for rises in interest rates By Hidayat Jati JAKARTA (JP): The pall rising interest rates has continued to cast over business in Indonesia has prompted some analysts to say that this only highlights the weaknesses of the economy. "Our interest rates have become vulnerable to the U.S. dollar interest rate because of our own poor performance," business analyst and bank commissioner Priasmoro Prawiroardjo told The Jakarta Post.

Inalum's perpetual problems

Inalum's perpetual problems PT Indonesia Asahan Aluminium (Inalum), which is reportedly mired once again in severe financial problems and urgently requires fresh capital injection, is much more than simply an Indonesian-Japanese aluminum-smelting joint venture company. It is a monument to the friendship and cooperation between the two countries.

Across the Archipelago

Across the Archipelago Fire causes huge losses BANJARMASIN, South Kalimantan: The provincial government says that a fire which razed 226 shops at the Hulu Sungai Utara regency last week has caused Rp 4.5 billion (US$2 million) in damages. Most of the traders who own shops at the Amuntai shopping center did not have a chance to save their wares because the fire happened at night after they had gone home.

By Richard Pedler // 10pt ML l/c

By Richard Pedler // 10pt ML l/c JAKARTA (JP): Their official mascot, Penelope the fox, could symbolize the fate of Greece in this, their first World Cup Finals appearance. With organization, wit and foresight, they should reach the second round. That would mean the deification of coach Alketas Panagoulias. Alketas has been a national hero since taking Greece to the European Championships back in 1980.

Buddhists give free

Buddhists give free medical services Around 20 Buddhist doctors from the Armed Forces and Indonesian Civil Servants Corps gave free eye and dental treatment to Kanal subdistrict slum residents in Tegal Alur, West Jakarta, Sunday. The activity was carried out in conjunction with Waisak Day, the anniversary of the birth of Buddha, which will fall on May 25. The team also distributed 200 pairs of glasses to the elderly and donated 300 gift parcels and 20 garbage cans, Antara reported.

Court turned into students' protest arena

Court turned into students' protest arena JAKARTA (JP): More than 50 students turned the Central Jakarta District Court into a stage yesterday as they mocked the legal system during the trials of 21 of their colleagues being charged with defaming President Soeharto. The students called the trials a farce. "These trials should be annulled for the sake of the law," one protester said. The protesters were attending the hearing of six of the 21 students on trial.

ASEAN press publications seek to standardize technology

ASEAN press publications seek to standardize technology JAKARTA (JP): News agencies and press publications in the Association of Southeast Asian Nations (ASEAN) opened a meeting here yesterday focused on standardizing their use of technology, a move they see as vital to the exchange of news and information. The meeting, organized by Antara, the Indonesian national news agency, is part of the ASEAN Committee on Cultural and Information.

Bapindo official tried for role in Rp 1.3t scam

Bapindo official tried for role in Rp 1.3t scam JAKARTA (JP): Maman Suparman, formerly deputy manager of Bapindo's branches in Jakarta, was arraigned yesterday at the South Jakarta District Court on charges of corruption. Government prosecutors told the court that Maman helped businessman Eddy Tansil cash large credits from Bank Pembangunan Indonesia in violation of standard banking practices.

Abilio undergoes surgery in Jakarta

Abilio undergoes surgery in Jakarta JAKARTA (JP): East Timor Governor Abilio Soares, who sustained a fractured leg in a car accident on Saturday, underwent surgery yesterday at Gatot Subroto Army hospital here. Abilio was flown to Jakarta on Sunday on orders from the general hospital in Dili, capital of East Timor.

Political openness: Where are we heading for?

Political openness: Where are we heading for? ___________________________________________________________________ Analysts generally agree that there has been more political openness in recent years. One of the criteria is the more transparent reporting in the press. Jakob Oetama, a senior journalist and a noted intellectual says in an interview with The Jakarta Post that the government deserves some credit for this.

Late delivery

Late delivery Due to technical problems with our printing machines, The Jakarta Post reached subscribers in several areas late yesterday. We apologize for the inconvenience this caused. -- Publisher

Police nab marine, two men for a series of thefts

Police nab marine, two men for a series of thefts JAKARTA (JP): The South Jakarta police have arrested three men on suspicion of belonging to a gang that has committed a series of thefts in and around the mayoralty in the past two months. Police sources reported yesterday that one of the men is an Indonesian marine and that he used the privileges of his uniform to assist in the crime wave.

Bakrie & Brothers to pay all debts with funds from rights issue

Bakrie & Brothers to pay all debts with funds from rights issue JAKARTA (JP): PT Bakrie & Brothers (B&B) will sell 263 million rights shares to raise US$600 million in fresh funds to completely repay its debts of Rp 250 billion ($116.1 million) and to acquire shares of four companies within its own group.

Nationalism

Nationalism Minister of Defense and Security Gen. Edi Sudradjat says a sense of nationalism not only reflects that one is a part of the nation, but also that one has to show loyalty to maintain the integrity and identity of the nation. In this respect, to carry out the process of modernization, three aspects of nationalism are involved: sense, concept and spirit.

Matahari to distribute cash and bonus dividends

Matahari to distribute cash and bonus dividends JAKARTA (JP): PT Matahari Putra Prima, a department store chain listed on the Jakarta and Surabaya stock exchanges, will distribute a cash dividend of Rp 100 per share and two bonus shares for each existing stock. Antonius Hanifah Komala, the company's financial director, told reporters after its annual and extraordinary meetings here yesterday that the dividends will be given to those listed as shareholders.

C. Kalimantan politicians warm up for gubernatorial poll

C. Kalimantan politicians warm up for gubernatorial poll JAKARTA (JP): Local social and political organizations in Central Kalimantan are pushing for two locally born leaders as their candidates for the gubernatorial election next month. The organizations, which successfully thwarted the Central Government's choice of governor in January forcing Jakarta to call for another election, have chosen two candidates. They are chairman of the provincial legislature, H.D.

RI Uber Cuppers keen to break the jinx against Korean team

RI Uber Cuppers keen to break the jinx against Korean team JAKARTA (JP): With the Thomas Cup title within reach, Indonesia is keen to break the jinx in the women's Uber Cup semifinal match against South Korea today. Indonesia has never gone beyond the semifinals in the three previous women's badminton team championships. Led by All England champion Susi Susanti, Indonesia bowed out to spirited South Korea 1-4 in 1992.

Bolger briefed on East Timor

Bolger briefed on East Timor JAKARTA (JP): President Soeharto invited New Zealand parliamentarians to visit East Timor, yesterday, to clear up some misgivings they might have about Indonesia's policy in the former Portuguese colony. The invitation was extended through New Zealand Prime Minister Jim Bolger during their meeting at the Merdeka Palace, State Secretary Moerdiono told reporters yesterday. "The President explained that Indonesia never had any intentions of annexing East Timor.

JAKARTA (JP): Share prices continued to rally on the Jakarta

JAKARTA (JP): Share prices continued to rally on the Jakarta Stock Exchange (JSX) yesterday with most issues gaining ground in moderate trading. The Composite Index, which gained 1.87 points to end at 467.39 on Friday, closed slightly higher at 467.86. The narrower-based GTDBS-50 Index meanwhile slightly improved to 109.21 from 109.17. A broker at JSX said that the composite index was revised with the listing of 9,891 shares of PT Matahari Putra Prima and 9.1 million shares of PT Marein.

AC Milan to 'teach' Persib

AC Milan to 'teach' Persib for sure game next month JAKARTA (JP): Local soccer fans will be in for another rare treat when the star-studded European club AC Milan graces Senayan stadium here for a friendly match with Persib Bandung, this year's winner of the national inter-city amateur championship.

Indonesia is

Indonesia is disappointed at Philippines JAKARTA (JP): Minister of Foreign Affairs Ali Alatas dispensed with diplomatic formality yesterday during a meeting with a special envoy from Philippine President Fidel Ramos, expressing anger that a conference on East Timor will be held in his country. "Let's not use diplomatic language here ...

Matahari to distribute cash and bonus dividends

Matahari to distribute cash and bonus dividends JAKARTA (JP): PT Matahari Putra Prima, a department store chain listed on the Jakarta and Surabaya stock exchanges, will distribute a cash dividend of Rp 100 per share and two bonus shares for each existing stock. Antonius Hanifah Komala, the company's financial director, told reporters after its annual and extraordinary meetings here yesterday that the dividends will be given to those listed as shareholders.

Computer to the rescue of rare species

Computer to the rescue of rare species By Pamela Lorentz PUNCAK, West Java (JP): Every animal in our world today has an extinction time clock ticking away. It is only in our lifetime that this sad but true realization has been accepted by much of the world community. Indonesia has taken another historic step to try and slow down the clock by holding its fifth Population and Habitat Viability Analysis Workshop (PHVA) in Puncak, West Java, from May 3 to May 6.

TV Today: Tuesday, May 17, 1994

TV Today: Tuesday, May 17, 1994 TVRI 2:40 p.m. TV Series: Full House 3:05 Dilentasia 3:30 Cartoon: Super Friends 4:30 Science Film 5:00 Regional News 5:30 English Lessons 6:05 Nusantara the Beloved Country: West Kalimantan 6:15 Village Program 6:30 Religious Teachings 7:00 Evening News 7:30 Horizon 8:05 Traditional Drama 9:00 World News 9:25 Badminton Journal: Thomas & Uber Cup 9:55 Musical Quiz: Gita Remaja 11:00 Late News 11:10 Film: Day One Part Two Program 2 4:30 p.m.

Irregularities still

Irregularities still rife at Priok as new payment system starts JAKARTA (JP): Irregularities, including illegal levies, still occur at the container terminal of the Tanjung Priok port despite the introduction of voucher payments for handling services early this month. However, an official at the port told The Jakarta Post yesterday that the number of irregularities has declined.

Jail terms sought for Surabaya security guards

Jail terms sought for Surabaya security guards JAKARTA (JP): Prosecutors in the Marsinah murder case yesterday urged the Surabaya District Court to send two security guards of PT Citra Putra Surya in Surabaya to prison for 13 years for their role in the murder of the labor activist. The prosecutors said Suprapto, 22, and Suwono, 48, took part in the premeditated murder in May of last year.

RI embassy in Sana'a begins evacuation

RI embassy in Sana'a begins evacuation JAKARTA (JP): The Indonesian embassy in Yemen yesterday began evacuating dependents of the mission's staff as the situation in Sana'a deteriorated amid the escalating civil war. "We are very concerned with the way the civil war is developing and with the uncertainty in Yemen," Ambassador Achmad Noor, who made the decision to begin the evacuation, was quoted by the Antara news agency as saying yesterday.

C. Jakarta court reschedules trials

C. Jakarta court reschedules trials JAKARTA (JP): Although hit by a backlog of cases, the Central Jakarta district court nevertheless has given priority to the trials of 21 student activists and Eddy Tansil, a spokesman said yesterday. The students are being tried for allegedly defaming President Soeharto while Tansil stands accused of cheating a state-owned bank, causing the government to lose some US$620 million. Court chief Soetrisno himself will preside over the two major cases.

Councilors want postponement of stall demolition

Councilors want postponement of stall demolition JAKARTA (JP): City councilors have asked the West Jakarta mayoralty administration to postpone the demolition of food stalls on Jl. Kebon Jeruk XVIII until the end of this week, pending the construction of a new location to accommodate the stalls' operators. "We agree to the mayoralty's plan to move the stalls. I believe this must occur because of changes in city spatial planning.

BII launches Masterphone

BII launches Masterphone JAKARTA (JP): Bank Internasional Indonesia (BII) launched a Masterphone Telephone Service yesterday by turning its MasterCard into an international calling card. The assistant vice president of BII's Card Center, Rudy Hamdani, said with a BII MasterCard, the cardholder can make a direct call to almost any part of the world from 49 countries by using touch-tone telephones.

JP/3/Caption/0

JP/3/Caption/0 A JP/bsr THE JAWS OF LIFE: Members of the City Traffic Police Directorate test a hydraulic-powered cutter, known as "the jaws of life," by cutting open an abandoned car. The cutter is standard equipment in a police vehicle rescue unit (parked behind). The British government donated some cars to Indonesian police force, including the rescue unit, in a ceremony at the National Police Headquarters yesterday.

Stateless Chinese take advantage of amnesty

Stateless Chinese take advantage of amnesty JAKARTA (JP): Almost 1,000 stateless Chinese in three West Jakarta's districts have applied for citizenship since the start of an amnesty aimed at settling the status of residents who are without documentation. The drive, which started a week ago, focuses specifically on the Chinese population who are without any formal citizenship. Current estimates put their number in the city at well over 25,000.