Indonesian Political, Business & Finance News

Archive: 20 May 1994

38 articles found

JP/1/Tinju

JP/1/Tinju Adrianus keeps title after a 12 round hug JAKARTA (JP): Adrianus Taroreh's first defense of his Orient and Pacific (OPBF) Lightweight title, against the Australian Darren Miller, was a disappointment to Indonesian and Australian fans alike, showing viewers two boxers who could neither overcome their own bad habits, or exploit their opponent's.

JP/7/spyro/

JP/7/spyro/ Spyro Gyra and Acoustic Alchemy slated for Jakarta concert By Paul Blair [10 pts ML] JAKARTA (JP): Two top-selling musical groups -- Spyro Gyra from the United States and Acoustic Alchemy from Britain -- will follow up on the considerable popularity of their compact discs and cassettes in Indonesia with a joint local appearance next Tuesday evening.

Indonesia barters aircraft for Malaysian cars

Indonesia barters aircraft for Malaysian cars JAKARTA (JP): Malaysia and Indonesia signed counter-trade deals here yesterday involving aircraft and automobiles worth around US$ 100 million. Indonesia's Minister of Research and Technology B.J. Habibie and visiting Malaysian Minister of Defense Mohd.

Kenny Rogers remains as popular as ever

Kenny Rogers remains as popular as ever By Gus Kairupan JAKARTA (JP): The lights went down, a lively flourish sounded from the seven-piece band, and on the stage stepped mega-star Kenny Rogers to the accompaniment of thunderous applause from the audience at the Jakarta Hilton Convention Center.

No paper 14pts Cent. Bold l/c 1col BOX

No paper 14pts Cent. Bold l/c 1col BOX In observance of Islamic Day of Sacrifice, The Jakarta Post will not appear on Saturday. The Post will reappear on Monday. -- Publisher

Increase in U.S. interest rates gets mixed reactions

Increase in U.S. interest rates gets mixed reactions JAKARTA (JP): Government and private sector opinions were at opposite ends of the spectrum yesterday over the half a percentage point increase in U.S. interest rates. "Indonesian bankers should not be worried by the move of the U.S. Federal Reserve to maintain control of inflation for sustaining its economic expansion," Bank Indonesia Governor J.

Like it or not, Tebet victims get apartments

Like it or not, Tebet victims get apartments JAKARTA (JP): The City Council and the governor's office said yesterday that the apartment project for Tebet fire victims will still be built, despite their protests they don't want to live in an apartment. "The funds are already available. We hope that we can build it soon," said Onky Sukasah, chief of the City Housing Office after a hearing with the City Council yesterday. Onky was in the company of Zainuddin, deputy to South Jakarta mayor.

Where to go in Bali, May 20

Where to go in Bali, May 20 Music and entertainment o Nusa Dua Beach Hotel: Budaya Stage - Legong Buffet Dinner, Friday; Balinese Flower Arranging, Tuesday. Coffee Shop - Indonesian Night with Joged Dance, Saturday & Monday. Village Night with Frog Dance, Tuesday. Notte Italiana with Capo Dastro Quartet, Thursday. Lumba-lumba Restaurant - Capo Dastro Quartet, Sunday. Poolside - BBQ Night with Hawaiian Band, Wednesday.

JP/7/7cap

JP/7/7cap photo cap A, 10 pts ML 3 col. credit 6 pts JP/kod Entertainer Kenny Rogers treated his audience to what he called "one big karaoke ball" during his performance Tuesday at the Jakarta Hilton Convention Center. photo cap B, 10 pts ML, 3 col, credit 6pts Paramount Pictures In Intersection Vincent Eastman (Richard Gere) is a successful architect who must choose between his wife and business partner Sally (Sharon Stone,left) and his lover Olivia (Lolita Davidovich).

Police hope to add more heroin to their haul

Police hope to add more heroin to their haul JAKARTA (JP): Police believe that three men, arrested here last week for possession of 29 kilograms of high-grade heroin, have more of the drug stashed at an undisclosed location. "We've found strong indications that the three men are hiding a huge size of heroin somewhere in this country which we don't know yet," head of the National Police Crime Investigation Directorate, Brig. Gen. Rusdihardjo, said yesterday.

Islamic Day

Islamic Day of Sacrifice In observance of Islamic Day of Sacrifice, The Jakarta Post will not appear on Saturday. The Post will reappear on Monday. -- Editor

Across the Archipelago

Across the Archipelago Stranded vessel rescued MANOKWARI, Irian Jaya: The sixteen passengers and crew of the Osita, which suffered technical problems in the open sea, have been rescued by a passing Philippine fishing boat. The vessel, which was on its way from Bitung in North Sulawesi to Kao district in Central Halmahera, had been drifting for 15 days because of engine failure. A strong swell had swept the vessel to the Pacific Ocean.

Time to introduce wage scale system, economist says

Time to introduce wage scale system, economist says JAKARTA (JP): Companies in Indonesia should establish a wage scale and enforce it consistently to win workers' loyalty, a Singaporean labor expert says. David Chew, an economics professor at the National University of Singapore, said yesterday that companies should stop using the official minimum wage level as a yardstick and introduce their own wage scales.

UB40 pledges to promote reggae music

UB40 pledges to promote reggae music By Prapti Widinugraheni JAKARTA (JP): I said we friendship come first, the band did come second ... so listen crowd of people and throw up unnu hands, if you love dem their style and you love dem pattern, reggae music can't refuse it, so give us what we want and mek we gwan ... (Reggae Music, UB40) "Reggae is not a way of life. It is simply Jamaican pop music. About its connection with Rastafarianism?

JAKARTA (JP): National Police Chief Gen. Banurusman said

JAKARTA (JP): National Police Chief Gen. Banurusman said yesterday his office has received proposals from five privately- owned developers who are interested in the planned renovation of the City Police Headquarters. The renovation is to be done under a land barter agreement with a privately-owned developer.

City administration fails to promote low-cost apartments

City administration fails to promote low-cost apartments JAKARTA (JP): The city administration has been unsuccessful in encouraging citizens to live in low-cost apartments due to poor public relations and planning, councilors said yesterday. People still feel they are being forced to move to apartments, they added.

Where to go in Jakarta, May 20

Where to go in Jakarta, May 20 Jangan hapus: JAMZ, Dai-ichi Hotel Music o The Aryaduta Jakarta, Jl. Prapatan 44-48, Central Jakarta: - Ambassador Lounge: Amir (pianist) Monday to Friday 7:30 a.m. to 9:30 a.m., Saturday 8 a.m. to 10 a.m.; Boece (pianist) & Rima Monday to Thursday 7 p.m. to 11:30 p.m., Friday & Saturday 7 p.m. to 00:30 a.m.; Jakarta String Fantasy Trio (chamber music) Sunday 12:30 p.m. to 3:30 p.m., Monday to Saturday 3:30 p.m. to 6:30 p.m.; Yusuf (pianist), Sunday 7 p.m.

TV Today: Friday kirim ulang

TV Today: Friday kirim ulang TV today TVRI 2:30 p.m Cartoon: I'm Telling 3:05 Langka & Unik 3:30 Science Film: Zero One Magazine 4:00 Student Quiz 4:30 TV Series: Ibn Taimiyah 5:00 Regional News 5:30 Cultural program 6:05 Nusantara the beloved country: East Kalimantan 6:15 Village Program 6:45 Viewers' Concern 7:00 Evening News 7:30 Report on National Awakening Day Ceremony (repeat) 8:35 Badminton: Uber Cup Final (live) 9:00 World News 9:25 Badminton: Uber Cup Final (live, continued) 00:35 a.m.

Court overrules Tansil's objections, trial proceeds

Court overrules Tansil's objections, trial proceeds JAKARTA (JP): The Central Jakarta District Court decided yesterday to proceed with the corruption trial of businessman Eddy Tansil, overruling all the objections raised by his lawyers. Presiding Judge Soetrisno said at the hearing yesterday that the government prosecutors have a valid case against Tansil, the main suspect in the trial over the Rp 1.3 trillion ($620 million) fraud at the government-owned Bank Pembangunan Indonesia.

Indonesia confident double is in reach

Indonesia confident double is in reach JAKARTA (JP): Host Indonesia is confident that it has all what it takes to notch a double by winning both the Thomas and Uber Cups this year. "It is the right time to regain the two coveted trophies," team manager Lutfi Hamid told a pre-match press conference yesterday. He said Indonesia's semifinal victories lifted the confidence and morale of his players.

Philippines edges closer to leader

Philippines edges closer to leader TANGERANG, West Java (JP): Teams from Indonesia, the Philippines and Thailand will be engaged in a fierce battle for the title when they tee-off today in the final round of the Putra Cup golf championship. Indonesia retains the lead by just three strokes at 637 (207,209,221). After holding a commanding lead right from the start, Indonesia suffered a major blow yesterday when Denny Supriadi was disqualified for a rules violation.

Govt strives to fight illegal levies at port

Govt strives to fight illegal levies at port JAKARTA (JP): Minister of Transportation Haryanto Dhanutirto said yesterday that the government will fight illegal levies at Jakarta's Tanjung Priok port. Dhanutirto told newsmen following a meeting with President Soeharto that a recent investigation by his ministry confirmed businessmen's complaints about rampant illegal charges at the country's largest port.

Waste importers

Waste importers The Dutch team sent here to investigate the containers with toxic waste has concluded that 58 containers originated in Rotterdam but that only four are filled with Dutch waste and belong to Dutch exporters. The other 54 came from other sources. Rotterdam, the largest port of Europe, is extensively used as a port of transit.

Discourse on nationalism on the wrong track

Discourse on nationalism on the wrong track By Santi WE Soekanto JAKARTA (JP): Today's National Awakening Day is not the routine ritual that we have seen each year in the past. President Soeharto wants it to mark Indonesia's Second National Awakening. Soeharto appealed last week to the people to reinvigorate their sense of nationalism so they could better handle the current trend of rapid global change. However, he also warned against chauvinism.

Thailand seen more democratic since 1992 massacre

Thailand seen more democratic since 1992 massacre By Tony Austin BANGKOK (Reuter): Two years after soldiers gunned down demonstrators in the streets of Bangkok, diplomats say that democracy appears to be slowly taking root in Thailand, the scene of 17 successful or attempted military coups since 1932.

Idul Adha prayer locations and preachers

Idul Adha prayer locations and preachers JAKARTA (jp): Tomorrow's Idul Adha prayer services begin at 7 a.m. The services will be conducted at the following locations: 0 Istiqlal Grand Mosque. Preacher: A. Nazri Adlani (Rector of the North Sumatra Islamic Institute) 0 Cut Mutia Mosque, Jl. Cut Mutia, Central Jakarta. Preacher: Police Capt. Yahya Agil 0 Al Hikmah Mosque, Jl. MH Thamrin 9, Central Jakarta. Preacher: Hasan Basri (Chairman of the Indonesian Ulema Council). 0 Cut Nyak Dien Mosque, Jl.

TV Today: Friday, May 20

TV Today: Friday, May 20 TV today TVRI 2:30 p.m Cartoon: I'm Telling 3:05 Langka & Unik 3:30 Science Film: Zero One Magazine 4:00 Student Quiz 4:30 TV Series: Ibn Taimiyah 5:00 Regional News 5:30 Cultural program 6:05 Nusantara the beloved country: East Kalimantan 6:15 Village Program 6:45 Viewers' Concern 7:00 Evening News 7:30 Report on National Awakening Day Ceremony (repeat) 8:35 Badminton: Uber Cup Final (live) 9:00 World News 9:25 Badminton: Uber Cup Final (live, continued) 00:35 a.m.

Big power cataclysms eased Israel out of Gaza

Big power cataclysms eased Israel out of Gaza By Bradley Burston TEL AVIV (Reuter): For many Palestinians, the 27 years that passed before Israel pulled out of the Gaza Strip on Wednesday felt like forever. But the withdrawal under Israel's peace deal with its once deadly foe the PLO might have taken much longer had it not been for bedrock shifts in the roles of faraway superpowers.

JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX)

JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) continued gaining yesterday in concert with the upward trend on other Asian markets. The Composite Index, which gained more than five points to close earned another 5.53 points to end at 482.74 yesterday. The narrower-based GTDBS-50 Index strengthened to 114.50 from 112.20. A broker at JSX said the composite index was revised with the listing of 115 million shares of PT Plaza Indonesia.

Photo A: Show

Photo A: Show 14pt ML cap 3 cols Univ 8pt 55 JP/lem 6 pts. Universe Italics 55 I/c A PASSAGE TO INDIA: Models present A Passage to India, from the collection of Betty Barclay at a Lady Hilton Extravaganza fashion show at the Jakarta Hilton. Yesterday's show also featured collections from other noted fashion houses, namely Escada, Laurel and Vera Mont.

TV Today: Friday, May 20

TV Today: Friday, May 20 TV today TVRI 2:30 p.m Cartoon: I'm Telling 3:05 Langka & Unik 3:30 Science Film: Zero One Magazine 4:00 Student Quiz 4:30 TV Series: Ibn Taimiyah 5:00 Regional News 5:30 Cultural program 6:05 Nusantara the beloved country: East Kalimantan 6:15 Village Program 6:45 Viewers' Concern 7:00 Evening News 7:30 Report on National Awakening Day Ceremony (repeat) 8:35 Badminton: Uber Cup Final (live) 9:00 World News 9:25 Badminton: Uber Cup Final (live, continued) 00:35 a.m.

APEC welcomes business

APEC welcomes business By Meidyatama Suryodiningrat NUSA DUA, Bali (JP): Senior officials from the Asia-Pacific Economic Cooperation (APEC) member countries endorsed private sector participation yesterday by recognizing the Asia Pacific Business Network (APB Net).

Mulialand makes big cut in plans for new share offering

Mulialand makes big cut in plans for new share offering JAKARTA (JP): PT Mulialand has significantly cut the number of new shares it intends to issue this year from an original plan of 147 million down to 25 million. A Mulialand executive said yesterday that the sudden move was not made to escape the trading slump on the stock markets. "We just want to give investors a chance to get profits on the secondary market," Kusyadi Kuyono, the company's corporate secretary, said in a statement.

Indonesia ups pressure on RP to ban talks on E. Timor

Indonesia ups pressure on RP to ban talks on E. Timor JAKARTA (JP): The government and two youth organizations, in separate actions, put further pressure on the Philippine government yesterday to ban a controversial conference on East Timor in Manila later this month. Foreign Ministry spokesman Irawan Abidin said Indonesia may revoke it's offer of sponsoring peace talks between the Philippine government and the Moro Moslem rebel movement if the East Timor conference took place, Antara reported.

Students on trial

Students on trial Although the finishing sequels to the drama may yet have to be played, the curtain, for now, has fallen on one of the most bizarre shows ever seen on this country's judicial stage. Pandemonium broke loose at the Central Jakarta District Court on Wednesday as the chief judge read out the sentences, condemning 21 student protesters to six months each in prison for defaming President Soeharto.

Swiss, RI firms set up pension fund

Swiss, RI firms set up pension fund JAKARTA (JP): The Ministry of Finance has licensed Winterthur Life Indonesia, a Swiss-Indonesian joint insurance company, to establish a pension fund in the country. The president of Winterthur Life Indonesia, Ruswan Arifin, told reporters here yesterday that the new pension fund, called Winterthur Indonesia, will invest 80 percent of the funds in banking deposits, 10 percent in bonds and the other 10 percent in stocks.

Agribusiness agency to help eliminate poverty

Agribusiness agency to help eliminate poverty JAKARTA (JP): A new body within the Ministry of Agriculture yesterday announced an ambitious plan to help eliminate poverty among farmers by promoting their competitive advantages. The head of the ministry's Agribusiness Agency, Dudung Abdul Adjid, told reporters here that the body would coordinate government policy to develop agriculture-based industries and coordinate investment in these sectors.

Bank Bali's profits up

Bank Bali's profits up JAKARTA (JP): Bank Bali, a private commercial bank listed on the Jakarta and Surabaya stock exchanges, yesterday reported a 7.1 percent increase in after-tax profits to Rp 61.6 billion (US$28.5 million) last year. Rudy Ramli, the bank's president, said in a presentation here yesterday that the bank's profit per share rose to Rp 331 from Rp 309. Bank Bali's operating profit slightly increased to Rp 82.58 billion from Rp 82.35 billion, he said.