Indonesian Political, Business & Finance News

Archive: 26 May 1994

23 articles found

Across the Archipelago

Across the ArchipelagoFloods leave untold damage PADANG, West Sumatra: West Sumatra province requires at least Rp 500 million (US$230,000) to repair public facilities damaged by recent major floods and to assist stricken families.

New concern in Jakarta over reports of stampede in Mecca

New concern in Jakarta over reports of stampede in Mecca JAKARTA (JP): Preliminary reports from Saudi Arabia suggesting that there were no Indonesians among the hundreds believed to have died in a stampede during the haj pilgrimage may not be accurate, officials here said.

Six forest concessionaires to lose licenses

Six forest concessionaires to lose licenses JAKARTA (JP): Six of the 19 forest concessionaires in Central Sulawesi will lose their licenses for failing to meet forestry requirements, Minister of Forestry Djamaloedin Soeryohadikoesoemo says.

ASEAN At A Glance

ASEAN At A Glance Floods ravage Davao city DAVAO, Philippines (AFP): At least one person was killed and nearly 2,000 people fled their homes in this southern city due to floods spawned by a tropical depression, rescue officials said yesterday.

JP/10/PBSI

JP/10/PBSI JAKARTA (JP): The Badminton Association of Indonesia (PBSI) has denied that promises were made by entrepreneurs to pay cash bonuses to the national badminton teams if they brought home the world team cups.

Britain offers long-term trade package - Mahathir

Britain offers long-term trade package - Mahathir KUALA LUMPUR (Reuter): Britain has offered Malaysia's government a long-term trade package to try to end its boycott of British businesses, Malaysian Prime Minister Mahathir Mohamad said yesterday.

Quake jolts Irian Jaya

Quake jolts Irian Jaya JAKARTA (JP): A major earthquake measuring 5.8 on the Richter scale jolted Irian Jaya province yesterday afternoon, with Paniai regency the hardest hit area.Margiono, an official of the National Quake Center at the Meteorological and Geophysics office told The Jakarta Post...

Javanese culture not democratic and chauvinistic: Sociologist

Javanese culture not democratic and chauvinistic: Sociologist JAKARTA (JP): The kind of nationalism which grows from the dominant "undemocratic" Javanese culture is chauvinistic, noted sociologist Dr. Mochtar Naim says.

Farmers burn palm oil fruit

Farmers burn palm oil fruit JAKARTA (JP): Farmers involved in a nucleus-estate-and- smallholder project in Grogot, East Kalimantan are burning their palm oil fruit because the palm oil refinery of state-owned PT Perkebunan VI cannot accommodate their products.F.X.

Golden Key virtually a one-man show: Prosecution

Golden Key virtually a one-man show: Prosecution JAKARTA (JP): Eddy Tansil ran Golden Key Group virtually all by himself, with many of his hand-picked directors simply front men with backgrounds ranging from a feeble retired army general to an office cleaner.

Young man arrested over murder of Bogor student

Young man arrested over murder of Bogor student JAKARTA (JP): The Bogor Police yesterday arrested a 20-year old man as the mystery surrounding the murder of a female student at the Bogor Institute of Agriculture (IPB) began to unfold.The chief of the Bogor police, Lt. Col.

The Financial Club opened

The Financial Club opened JAKARTA (JP): The Financial Club, a gathering place for financial sector executives, was officially opened on Tuesday night by Coordinating Minister for Economy and Finance Saleh Afiff.

World worried U.S. may reject GATT, Malaysia says

World worried U.S. may reject GATT, Malaysia says KUALA LUMPUR (Reuter): The world is growing worried the U.S. Congress may not ratify the General Agreement on Tariffs and Trade (GATT) pact, Malaysia said.

NAM ministers to decide on new leaders in Cairo

NAM ministers to decide on new leaders in Cairo JAKARTA (JP): Foreign ministers of the Non-Aligned Movement (NAM) will meet in Cairo next Tuesday to discuss which member nation will replace Indonesia as chairman next year.

State banks record poor returns on assets, equities

State banks record poor returns on assets, equities JAKARTA (JP): The rate of return on assets and equities at Indonesia's state-owned banks were the lowest in all of Asia, a visiting British expert says.

Domestic news more trustworthy than foreign: Survey

Domestic news more trustworthy than foreign: Survey JAKARTA (JP): The government should have no fear about the increasing intrusion of foreign news broadcasts via satellite because most owners of dish antennas find that local networks are more trustworthy when it came to local news.

Adopted babies traded like meat in transplant market

Adopted babies traded like meat in transplant market JAKARTA (JP): The government is once again tightening adoption laws after receiving chilling reports that babies intended for adoption were ending up with organ trade syndicates.

Issuers of debt instruments to be assessed by credit rating

Issuers of debt instruments to be assessed by credit rating agency JAKARTA (JP): The government will soon introduce a new regulation requiring all issuers of commercial papers and bonds to be assessed by the newly established credit rating agency, an official says.

Two listed firms report profit declines

Two listed firms report profit declines JAKARTA (JP): Two companies listed on the Jakarta and Surabaya stock exchanges reported declines in after-tax profits for their 1993 operations in the annual meetings of their shareholders here on Tuesday.PT Eratex Djaja Ltd.

JAKARTA (JP): Share trading on the Jakarta Stock Exchange

JAKARTA (JP): Share trading on the Jakarta Stock Exchange (JSX), which recorded an increase by over 10 points on Monday, continued strengthening on Tuesday, propping up the broad-based Composite Index to 501.99 on Tuesday from 498.36 on Monday.

Factories hike salaries in aftermath of riots

Factories hike salaries in aftermath of riotsBy Ridwan M. Sijabat MEDAN, North Sumatra (JP): If one good thing has come out of last month's labor riots, it is that factories have finally raised their daily wages and begun to meet various other obligations.

Nationalism: A political commodity?

Nationalism: A political commodity?By Amir Santoso ----------------------------------------------------------------Debates on nationalism has resurfaced recently, focusing on the establishment of certain intellectual groups. Political scientist Amir Santoso examines this phenomenon.

Myanmarese troops seize porters for Khun Sa battle

Myanmarese troops seize porters for Khun Sa battle TACHILEK, Myanmar (Reuter): Myanmarese government troops have seized hundreds of people from this border town to serve as porters in nearby hills where they are battling Golden Triangle opium warlord Khun Sa, residents said yesterday.