Indonesian Political, Business & Finance News

Archive: 28 June 1994

59 articles found

KL futures trading faces hurdles

KL futures trading faces hurdles KUALA LUMPUR (AFP): Malaysia's sole commodity exchange is still battling to convince the government it is ready to start trade in financial futures despite being allowed two years ago to compete with a private outfit in the same business.

Environmentally friendly technology graining ground

Environmentally friendly technology graining groundBy Harlow G. Russell JAKARTA (JP): When most people think or read about environmentally friendly technology, they usually have a "picture" in their head of large, expensive, "high tech" waste water treatment plants.

Three injured in port project clash

Three injured in port project clash MANILA (AFP): At least three people were injured yesterday as squatters fought a demolition crew assigned to remove them from a Japanese-funded 1.5 billion-peso (US$56 million) Philippines port project, police said.

Injured Fernandez ends Yayuk's run at Wimbledon

Injured Fernandez ends Yayuk's run at Wimbledon WIMBLEDON, England (Agencies): Indonesian tennis queen Yayuk Basuki failed in her bid to become the first Asian to reach the semifinal of the 117-year-old Wimbledon tournament after falling 4-6, 1-6 to an injured American Gigi Fernandez in the fourth...

New action will strengthen small business development

New action will strengthen small business development JAKARTA (JP): The new package of reform measures launched yesterday included new steps to bolster the development of small businesses through the allocation of more money from state-owned companies.

Li Peng seeking limelight from European trip

Li Peng seeking limelight from European tripBy Philippe Massonnet BEIJING (AFP): Prime Minister Li Peng will be looking to reinforce China's economic miracle and win back control of the country's foreign policy when he goes to Europe this week.

Ulemas move to preserve unity in NU and PPP

Ulemas move to preserve unity in NU and PPPBy Santi WE Soekanto REMBANG, Central Java (JP): Eighty influential leaders from the Nahdlatul Ulama (NU) decided against formally naming candidates for the upcoming election of the United Development Party (PPP).

Issues that invite risks

Issues that invite risks According to President Soeharto, in carrying out nation building we inevitably have to face challenges and obstructions both from within and without. One potential negative situation has been caused by the economic globalization and penetration of foreign culture with the...

Volunteers ready to oversee aid

Volunteers ready to oversee aid JAKARTA: Some 221 people have passed a crash course to work as volunteers to help the government oversee the distribution of official aid for least developed villages across Indonesia.

Govt to suspend idle travel agencies

Govt to suspend idle travel agencies JAKARTA (JP): The government will intensify the supervision of travel agencies and will shut down those that are not active or performing poorly, an official said."The Ministry of Tourism, Post and Telecommunications ruled in January 1993 that every travel...

Ramos explains Timor ban to Soares

Ramos explains Timor ban to Soares MANILA (AFP): Philippine President Fidel Ramos has written to Portuguese President Mario Soares to explain his actions in banning Portuguese and other foreign delegates from a recent human rights conference here on East Timor, an official statement said yesterday.

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices continued to close lower on the Jakarta Stock Exchange (JSX) yesterday after the broad-based Composite Index, lost dozens of points along the week.The JSX index which lost 2.08 points to close at 468.87 on Friday weakened further to finish at 464.

Slum families to be moved to apartments

Slum families to be moved to apartments The South Jakarta mayoralty is planning to move some 7,000 families currently living in slum areas at three subdistricts to apartment complexes.South Jakarta mayor H Pardjoko explained here recently that slum areas in the Manggarai, Bukit Duri and Pela...

Defendants deny being drunk during Tampubolon murder

Defendants deny being drunk during Tampubolon murder JAKARTA (JP): The four alleged killers of T.M.F. Tampubolon admitted before the East Jakarta District Court yesterday that they drank some alcoholic beverages before attacking the army general, but they were not drunk.

Goenawan Mohamad spells out terms for return of `Tempo'

Goenawan Mohamad spells out terms for return of `Tempo' JAKARTA (JP): Goenawan Mohamad says he will consider the government's offer to issue a new license in place of the one for Tempo which was revoked last week, but stressed that the new magazine must not be subject to any kind of official...

Hundreds of workers demand better wages

Hundreds of workers demand better wages JAKARTA (JP): Around 300 employees of a garment factory in the Pulogadung industrial zone in East Jakarta staged a protest in front of the Ministry of Manpower here yesterday to demand better wages and working conditions.

KL market plays guessing game about elections

KL market plays guessing game about electionsBy Bill Tarrant KUALA LUMPUR (Reuter): Malaysia's rumor-driven stock market has been in a lather about national elections even though they're not due for more than a year and the outcome is hardly in doubt.

Rendra arrested as protests turn into scuffles

Rendra arrested as protests turn into scuffles JAKARTA (JP): Vocal poet W.S. Rendra and scores of activists were arrested yesterday as police and the military clamped down on two separate demonstrations, both opposing the government ban on Tempo, DeTIK and Editor news magazines.

Squatters of Sumur Batu ask for land compensation

Squatters of Sumur Batu ask for land compensation JAKARTA (JP): Squatters living in the Sumur Batu district in Central Jakarta protested to the city council yesterday over the mayoralty's decision not to pay any compensation for the appropriation of their land.

Soeharto okays plan to hire Portuguese pilots

Soeharto okays plan to hire Portuguese pilots JAKARTA (JP): Indonesia is ready to recruit Portuguese pilots to help supplement a shortage at home although the two countries have no diplomatic relations which were broken in 1976 over the question of East Timor.

Malaysia scolds U.S. for refusing EAEC

Malaysia scolds U.S. for refusing EAEC KUALA LUMPUR (AFP): Washington was lambasted yesterday by Kuala Lumpur for rejecting the East Asian Economic Caucus even before listening to the views of East Asian nations.

Stronger peso may dampen RP's economic recovery

Stronger peso may dampen RP's economic recoveryBy Martin Abbugao MANILA (AFP): A surging Philippine peso against the US dollar has eaten into the corporate earnings of blue-chip firms, battered exports and could dampen Manila's economic recovery if the brakes are not applied, analysts said.

Singapore and India set up business group

Singapore and India set up business group SINGAPORE (AFP): Singapore and India have set up a high-level private sector steering committee to further strengthen business link between the two countries, a government statement said.

A transmigrant success story

A transmigrant success story JAKARTA (JP): A former bus conductor from Jakarta who transmigrated to Bengkulu, Sumatra eight years ago revealed here yesterday that as a result of his hard work he is now earning a net income of Rp 7 million (US$3,245) a year.

Bakrie announces acquisition plan

Bakrie announces acquisition plan JAKARTA (JP): PT Bakrie & Brothers (B&B) said yesterday it will acquire several companies included in its core businesses and procure new equipment for business diversification.

PDI elects Bali chief

PDI elects Bali chief DENPASAR, Bali: The Bali chapter of the Indonesian Democratic Party (PDI) has appointed Ida Bagus Putu Wesnawa as its new chief.Wesnawa was picked on Sunday as an alternative candidate in the absence of a consensus at the regional congress.

California, here we come

California, here we come MATARAM, West Nusa Tenggara: The government has appointed West Nusa Tenggara along with six other provinces to represent Indonesia at the next Tournament of Roses in Pasadena, California.Mrs.

Djarum Super Jamz Jazz Tour brings real jazz to music lover

Djarum Super Jamz Jazz Tour brings real jazz to music loverBy Sean Cole JAKARTA (JP): There is nothing like jazz. Unlike many of its sister music styles, jazz returns music to its stature as a true art form -- equal to great literature, dance, theater, sculpture, etc.

Sudomo testifies against Tansil in Bapindo trial

Sudomo testifies against Tansil in Bapindo trial JAKARTA (JP): Former powerful minister Sudomo made a surprise court appearance yesterday to testify in the ongoing trial of the huge corruption case at the government-owned Bank Pembangunan Indonesia (Bapindo).

Australian press freedom guaranteed by common laws

Australian press freedom guaranteed by common laws JAKARTA (JP): "How does the Australian government control the press? Does it harness the media to keep its good relations with Indonesia? How do Australians perceive press freedom?"Such were questions hurled at David Flint, chairman of the...

Djajanti awaits minister's reference for share offering

Djajanti awaits minister's reference for share offering JAKARTA (JP): Minister of Forestry Djamaloedin Soeryohadikoesoemo reiterated yesterday that he has yet to issue a recommendation for PT Artika Optima Inti to go public.

Fire guts Kramat Jati market

Fire guts Kramat Jati market More than 200 fruit and vegetable kiosks at the Kramat Jati central market in East Jakarta were reduced to ashes after a fire razed it early Saturday morning.At least 11 fire engines from the East Jakarta fire department were called in at 4:36 a.m.

Fire razes 200 kiosks

Fire razes 200 kiosks MAJALENGKA, West Java: Fire gutted about 200 kiosks at the Prapatan market here on Saturday, causing at least Rp 879 million in financial losses.The fire was believed to have been caused by an electrical short-circuit, the Antara news agency reported.

Ford to invest in China projects

Ford to invest in China projects SHANGHAI (Reuter): Ford Motor Co has signed joint venture accords with two Shanghai companies to produce automotive components, moving it closer to its goal of vehicle assembly in China, company officials said.

Where to go in Jakarta:

Where to go in Jakarta:Music * 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 12:30 a.m.

International kite festival held here

International kite festival held here JAKARTA (JP): Dozens of kite lovers, including those from overseas, will take part in the three-day International Kite Festival 1994 at Monas (National Monument) park in Central Jakarta beginning Friday.The festival, which will run from 10 a.m. to 5 p.m.

RI Moslem experts debate human genetic engineering

RI Moslem experts debate human genetic engineeringBy Riyadi JAKARTA (JP): Should Indonesia apply genetic engineering technology to human beings? This question is haunting Indonesian Moslem scientists and a seminar on the subject here on Saturday ended inconclusively.

Barito Pacific triples capital to $1.38 billion

Barito Pacific triples capital to $1.38 billion JAKARTA (JP): PT Barito Pacific Timber (BPT), Indonesia's largest logging and plywood manufacturer, reported yesterday a sharp increase in its authorized capital to Rp 3 trillion (US$1.38 billion) from only Rp 850 billion.

Keating starts RI visit amid press ban fury

Keating starts RI visit amid press ban fury JAKARTA (JP): Australian Prime Minister Paul Keating arrived here yesterday for a three-day trip to lend support to an on- going huge Australian trade and cultural promotion program.

Public telephones

Public telephonesFrom JayakartaPublic telephones are a crucial factor in the era of communication, even more so in the era of globalization.However, I would like to complain about the shortage of public telephones on our campus.

School contribution

School contributionFrom KompasI was astonished to learn that to enroll a child in a government elementary school in Tangerang, West Java, the parents must pay a building contribution ranging from Rp 50,000 to Rp 100,000, as well as Rp 25,000 for school uniforms.

Nepalese gets life imprisonment

Nepalese gets life imprisonment A former Nepalese police officer, Ramral Maharjan, was sentenced to life imprisonment by the Tangerang court on Saturday for smuggling heroin into the country.Judge Antonius Edwar Hartanto found the 38-year-old defendant guilty of illegally carrying 3.

59-year-old man dies in the saddle

59-year-old man dies in the saddle JAKARTA (JP): A 59-year-old man died while having sex at a massage parlor in downtown Kota, West Jakarta, Sunday evening.Police identified the victim as Pradikto Suratno, who lived at Jl.

Thousands of families to lose homes to ring road project

Thousands of families to lose homes to ring road project JAKARTA (JP): Thousands of families in South Jakarta will lose their land this year for the development of another segment of Jl. TB Simatupang ring road, an official said yesterday."The exact numbers are not available.

Victoria's trade office here

Victoria's trade office here MELBOURNE (Reuter): Victoria, Australia's second most populous state, said yesterday it has chosen Indonesia as the site for its newest trade office in Asia.The state will open the office in Jakarta as part of the Australia Today trade and cultural promotion in...

Governor's instructions

Governor's instructionsFrom NeracaWhen I visited a friend at a housing complex for the employees of the Jakarta Administration I learned with concern that almost 90 percent of the residents ignored the governor's instruction to hoist flags on June 21, 22 and 23, to mark Jakarta's anniversary.

Outstanding works by Spanish artists on display here

Outstanding works by Spanish artists on display hereBy Carla Bianpoen JAKARTA (JP): Amid the art exhibitions proliferating in the capital city today, the Spanish Modern Art Exhibit at the Lagoon Tower of the Jakarta Hilton International is in a class apart.

Thomas Cook, BA offer prizes

Thomas Cook, BA offer prizes JAKARTA (JP): Thomas Cook and British Airways have joined to offer travelers cheque users glamorous prizes in an Asia-wide grand draw. The prizes include business class return flights to London and what the sponsors call "VIP" treatment in the British capital as well as...

More paying counters needed

More paying counters neededFrom Sinar PagiBank Dagang Negara (BDN) on Jl. Juanda needs to make more counters available for consumers to pay their monthly telephone bills, so that they need not wait for hours to take care of their business.

TV today

TV todayTVRI 2:30 p.m. World Cup 1994: Bolivia vs Spain 4:30 Science Film: Best of Magic 5:00 Regional News 5:30 English Lessons 6:05 Parlementaria 6:15 Village Program 6:30 Economic Forum 7:00 Evening News 7:30 Pancasila Forum 8:05 Drama: Kabar Burung 9:00 World News 9:25 Journal of World Cup 1994...

Spratly Islands

Spratly Islands If the reported agreement between China and the Philippines for the "common exploration and development" of the disputed Spratly Islands solidifies, it could have positive implications for China's relations with the rest of Asia.

Astra donates to victims

Astra donates to victims JAKARTA (JP): The Astra Group donated yesterday Rp 500 million (US$231,000) in cash to the victims of tidal waves which hit East Java, notably the Banyuwangi coastal areas, early this month.

Research fund finds few takers

Research fund finds few takers JAKARTA (JP): The government has allocated a total of Rp 550 billion for scientific research over the next five years, but barely a fifth of the amount has been committed.

4,145 telephones for Tangerang

4,145 telephones for Tangerang Starting on July 5, 1994, the state-owned telecommunications company, PT Telkom, will provide 4,145 new telephone lines for Tangerang, thanks to the completion of the first of three automated telephone stations (STO) in the area.

Russia wins world junior powerlifting meet

Russia wins world junior powerlifting meet JAKARTA (JP): Russian musclewomen swept seven gold medals in the final day of the world junior powerlifting meet at Nusa Dua, Bali on Sunday to help their team take the overall championship title.

Suspected burglar shot dead

Suspected burglar shot dead An alleged burglar was shot to death by East Jakarta police after he attempted to escape while accompanying the officers to find his two accomplices on Jl. Cipinang Muara II over the weekend.

Local crossers to face international challenge

Local crossers to face international challenge JAKARTA (JP): National crossers will face the arduous challenge of beating 10 world rated riders at the international motocross championships slated for July 9 and 10 in Surabaya, East Java.

Govt eases regulation on imports

Govt eases regulation on imports JAKARTA (JP): The government yesterday announced a new package of deregulation measures to streamline the economy by liberalizing the import sector in what it said is an "anticipation of post-Uruguay Round development in world trade".

Police chief found shot dead

Police chief found shot dead SUBANG, West Java: First Lt. Kasdari, chief of Jalancagak city police precinct in Subang regency, was found dead with a massive head wound in his office on Saturday.He was believed to have shot himself in the head, the Antara news agency said, quoting police in...