Indonesian Political, Business & Finance News

Archive: 18 January 1995

51 articles found

ABRI members told not to break law

ABRI members told not to break law JAKARTA (JP): Indonesian Armed Forces (ABRI) Commander Gen. Feisal Tanjung has ordered all ABRI personnel to refrain from any type of lawbreaking, such as violations, collusion and fighting among themselves or with civilians.

Massive quake affects Japanese share prices

Massive quake affects Japanese share prices TOKYO (Agencies): Japanese share prices fell 0.5 percent yesterday after a massive earthquake devastated the western industrial cities of Osaka and Kobe. The Nikkei Stock Average of 225 selected issues lost 89.85 points to end at 19,241.

Lift at Bank Bali Tower

Lift at Bank Bali Tower I am an employee of a company which rents a space in the Bank Bali Tower, Jl. Jend. Sudirman, South Jakarta. Since our office occupies the 15th floor of the building, like other employees working above the ground floor, I have to use the lift everyday.

2,000 fake land certificates

2,000 fake land certificates JAKARTA (JP): The Jakarta office of the National Land Agency (BPN) has found about 2,000 fake land certificates since 1970, said Sunar, the head of the office, to Antara. The fake certificates were uncovered when land buyers were trying to confirm the legality of a land...

Finland's president to visit RI

Finland's president to visit RI JAKARTA (JP): Finland's President Martti Ahtisaari is scheduled to arrive in Jakarta tonight to begin a four-day state visit, it was officially announced yesterday. Minister/State Secretary Moerdiono told reporters that Ahtisaari's visit is expected to focus on...

Hotel Prapatan will run new hotel in Riau

Hotel Prapatan will run new hotel in Riau JAKARTA (JP): PT Hotel Prapatan, a public company which owns the five-star Hotel Aryaduta Jakarta, will construct a hotel in Pekanbaru, Riau, with an investment of US$16.63 million.

Malaysian Indians celebrate Thaipusam

Malaysian Indians celebrate Thaipusam By Barani Krishnaan KUALA LUMPUR (AFP): Every year Nagappa Sundar orders hundreds of flesh-piercing hooks to be sharpened and then pokes them into at least a dozen men.

3,000 Arabs take Israeli citizenship

3,000 Arabs take Israeli citizenship JERUSALEM (AFP): About 3,000 Palestinians living in East Jerusalem applied for and were granted Israeli citizenship in 1994, an Interior Ministry spokesman said yesterday. The ministry accepted 1,075 requests last year compared with 612 in 1993 and 293 in 1990.

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices continued rallying on the Jakarta Stock Exchange (JSX) yesterday with most issues gaining ground in moderate trading. The broad-based Composite Index closed 1.5 points higher at 449.1 yesterday from 447.29 on Monday.

Bugis man gets 11 years for E. Timorese murder

Bugis man gets 11 years for E. Timorese murder DILI, East Timor (JP): The district court sentenced a South Sulawesi man to 11 years in prison yesterday for murdering a fellow East Timorese trader late last year.

Boy Aruan set to keep OPBF title

Boy Aruan set to keep OPBF title JAKARTA (JP): South Korean old war horse Chang Kyun-oh may just need three rounds to take the Orient and Pacific Boxing Federation (OPBF) junior bantamweight championship belt, but Indonesia's Boy Aruan insists on keeping the crown at home.

Earthquake leads to chaotic business

Earthquake leads to chaotic business TOKYO (AFP): Japanese manufacturers halted factory operations in western Japan yesterday while the Osaka Securities Exchange suspended share trading after a massive earthquake devastated the area. Among the companies affected were Kobe Steel Ltd.

Soap operas

Soap operas From Bisnis Indonesia Indonesian private television stations are now airing many soap operas, popularly known as telenovela, mostly imported from Brazil. These serials, even though most of them contain intrigues, are loved by people, particularly housewives.

Whither our foreign debt?

Whither our foreign debt? The one issue which is often mentioned in relation to foreign debt is our inability to absorb the funds optimally. This is caused by a discrepancy between planning and execution. And for this the government has to pay a US$200-million commitment fee a year.

Rupiah depreciation limited to 4%

Rupiah depreciation limited to 4% JAKARTA (JP): Minister of Finance Mar'ie Muhammad announced yesterday that the depreciation of the rupiah against the U.S. dollar will be limited to between three percent and four percent in the 1995-1996 fiscal year.

Legal expert says Oki should be tried in LA

Legal expert says Oki should be tried in LA SEMARANG (JP): Noted legal expert Muladi says that, for practical reasons, Indonesia should send Harnoko Dewanto, alias Oki, back to Los Angeles to face the murder charges there.

Theft rife in Bali temples

Theft rife in Bali temples DENPASAR, Bali: Theft of sacred temple items is rife on this predominantly Hindu island, prompting a respected academic to propose that places of worships be provided with alarm systems.

Singapore spot oil product prices up on Japan quake

Singapore spot oil product prices up on Japan quake SINGAPORE (Reuter): Spot prices for refined oil products in Singapore were mostly firmer yesterday after the powerful earthquake which hit central Japan shut at least two oil refineries and reduced operations at two others.

Manila to free 17 Vietnamese

Manila to free 17 Vietnamese MANILA (AFP): Manila has agreed to release 17 Vietnamese fishermen arrested last October for allegedly poaching in Philippine waters, but will hold their boats, the Foreign Department said yesterday.

Kim to be charged with falsifying export documents

Kim to be charged with falsifying export documents JAKARTA (JP): Government prosecutors have come a step closer to unraveling the bogus exports scandal involving textile tycoon Kim Johannes Mulia, government officials and bankers. Deputy Attorney General for Special Crimes A.

Johnie Walker Classic to start

Johnie Walker Classic to start MANILA (Agencies): Many of the world's top golfers, including defending champion Greg Norman of Australia and world number one Nick Price of Zimbabwe, will take part in the annual Johnnie Walker Classic in the Philippines from Jan. 26 to 29, organizers said yesterday.

Australia okays rifle sale to RI

Australia okays rifle sale to RI CANBERRA (Reuter): Australia's government has approved in principle a bid by an arms manufacturer to sell rifles to the Indonesian military, officials said yesterday. The Australian newspaper said approval was granted despite advice from within the Department of...

Malaysian national sentenced to death for drug trafficking

Malaysian national sentenced to death for drug trafficking JAKARTA (JP): Judge Leo Hutagalung of the Central Jakarta District Court yesterday sentenced Malaysian Tham Tuck Yin, alias A Tjai, to death for drug trafficking.

Yogya restricts plane traffic

Yogya restricts plane traffic JAKARTA (JP): Minister of Transportation Haryanto Dhanutirto has temporarily barred all Boeing 737 and DC-9 planes from using the Adisucipto airport in Yogyakarta after another plane, the third in three weeks, slid off the runway Monday night.

Philippine budget surplus

Philippine budget surplus MANILA (Reuter): The Philippine government posted a 12 billion peso (US$496 million) budget surplus for 1994, its first surplus for 20 years, Finance Secretary Roberto de Ocampo said yesterday. The surplus compares with an anticipated 1994 deficit of 4.

RI's golfers to junior Aspac meet

RI's golfers to junior Aspac meet JAKARTA (JP): Indonesia is among 16 countries invited to the inaugural Asia Pacific junior golf championship in Kuala Lumpur next July. Ho Koh Chye of Sportexcel, the organizer of the junior meet, said yesterday that the men's under-20 tournament would pit Asia's...

S'pore supports peacekeeping idea

S'pore supports peacekeeping idea SINGAPORE (Reuter): Singapore agreed in principle with a Malaysian proposal that the Association of Southeast Asian Nations (ASEAN) should aim to field a peacekeeping force under UN auspices, Singapore Minister for Defense Lee Boon Yang said yesterday.

Inco's nickel output up 25%

Inco's nickel output up 25% JAKARTA (JP): PT Inco International Nickel Indonesia, an Indonesian-Canadian joint venture, reported yesterday a 25 percent increase in its nickel matte production to 100 million pounds last year from 80 million pounds in 1993.

Real action needed to curb pollution

Real action needed to curb pollution JAKARTA (JP): The City Council once again reminded the government and private companies to take real action in reducing pollution in the city because the current rate has exceeded the allowable limit.

Hermawan tops IBF ranking

Hermawan tops IBF ranking LONDON (Reuter): Leading world rankings issued by the International Badminton Federation on Monday after the Chinese Taipei Open, the first event of the World Grand Prix series, held from January 10 to 15: Men: 1. Hermawan Susanto (Ina) 360 points; 2.

Latief let off gambling charge

Latief let off gambling charge MALANG, East Java: The local police have decided not to prosecute senior East Java politician Latief Pudjosakti on gambling charges but he will required to testify in connection with the raid on a gambling den. Malang Police Chief Lt. Col.

Stocking up for rainy days

Stocking up for rainy days SEMARANG: The Central Java government has ordered social services offices throughout the province to stock up with rice, which could used as emergency relief in the event of floods.

ABN to keep broadcasts unscrambled

ABN to keep broadcasts unscrambled JAKARTA (JP): The Asian Business News (ABN), a Singapore-based regional business news television service, will not scramble its broadcasts to Indonesia in the near future, says the company's executive.

Factory refuses worker's claim

Factory refuses worker's claim JAKARTA (JP): The management of PT Truba Raya Trading Factory Shoes has denied local newspaper reports that one of its female workers, Rosidah, miscarried after she was forced to stand in the sun as punishment for taking time off work.

Horta's chances

Horta's chances There appear to be obstacles to Ramos Horta's ambition to take part in the talks on East Timor scheduled for May. Foreign Minister Ali Alatas has made it clear that there is no chance of Horta being involved in the discussions as long as he is against to the framework accepted by...

As Batam booms, so does vice trade

As Batam booms, so does vice trade By Ridwan M. Sijabat BATAM, Riau (JP): Prostitution, said to be the oldest profession in the world, is also the easiest recourse for many women from other parts of Indonesia who come to this industry- designated island bedazzled by the promise of high salaries.

ADB loans RI $130m

ADB loans RI $130m JAKARTA (JP): The Asia Development Bank (ADB) has agreed to provide loans worth US$130.19 million for the Indonesian government to finance educational and development projects. The Ministry of Foreign Affairs announced yesterday that under an agreement signed last week, a 25-year...

RI tries to ease debt burden of poor states

RI tries to ease debt burden of poor states By Achmad Nuhoeri JAKARTA (JP): Indonesia plans to continue using its position as chair of the Non-Aligned Movement to urge the rich industrialized countries to address the huge debts of Third World countries, an official said.

Medan expands northward

Medan expands northward MEDAN, North Sumatra: Medan's master city plan dictates that the city must expand along the coastline to the north for the sake of conserving the water catchment areas in the west and south.

RI, Finland set up council

RI, Finland set up council JAKARTA (JP): Indonesia and Finland will establish a business council this week to promote trade and investment cooperation between the two countries, the Finnish embassy said yesterday.

Cut overseas travel

Cut overseas travel From Media Indonesia In line with efforts to practice economy in using state funds, as suggested by President Soeharto, I see a sector in the budget that can be more efficiently used, i.e. funds allotted for overseas journeys usually made by high ranking officials.

Jakarta lacks tennis lovers

Jakarta lacks tennis lovers By Arif Suryobuwono JAKARTA (JP): This year's Indonesia Open Tennis Championships is indeed open -- to question. From the women's event which started the tournament on Jan. 2 to its men's event finals on Jan.

Power rivalry is Asia's evil

Power rivalry is Asia's evil By Onghokham JAKARTA (JP): We are now watching leadership rivalry befalling two organizations. Within both the Nahdlatul Ulama (NU) and the Indonesian Democratic Party (PDI) the legitimately elected leadership is being challenged by claims of contending leaders.

Governor warns civil servants

Governor warns civil servants DILI, East Timor: Governor Abilio Jose Osorio Soares urged all employees of the provincial government to maintain their loyalty to the Unitary State of the Republic of Indonesia.

U.S.-RI businessmen meet to step up dialogs

U.S.-RI businessmen meet to step up dialogs JAKARTA (JP): American and Indonesian businessmen have started what they hope will escalate into a more vigorous process of meaningful dialogs about the directions of their future ties.

Free trade set amid protection talk

Free trade set amid protection talk JAKARTA (JP): The government continues to brush aside debate over the proposed tariff protection for a US$1.7 billion olefin plant, but has reaffirmed its determination to implement a free trade system.

Resources vulnerable in rush to new frontiers

Resources vulnerable in rush to new frontiers JAKARTA (JP): The rapid growth of "biodiversity prospecting" in the search for new medicines and better agricultural crops must be balanced by a sound law which guarantees the conservation of natural resources, an expert says.

Traffic nuisance

Traffic nuisance From Media Indonesia Since the flyover in the Senen intersection began functioning the traffic on Jl. Abdul Rahman Saleh, Central Jakarta, is increasingly congested and traffic jams have become the order of the day.

New prosecutor for C. Jakarta

New prosecutor for C. Jakarta JAKARTA (JP): The head of the Provincial Prosecutor's office in Jakarta, Suyoto, has installed B. Fachri Nasution as the new chief of the Central Jakarta prosecutor's office, replacing Soerjanto. The installation of the new official was held on Monday.

Government asked to monitor current account deficit

Government asked to monitor current account deficit JAKARTA (JP): Members of the House of Representatives urged the government yesterday to closely monitor the country's widening current account deficit and mounting foreign debt.

Oki's father names lawyers for his son

Oki's father names lawyers for his son JAKARTA (JP): Lawyers from Ruhut Sitompul, Tommy Sihotang & Associates will defend Harnoko Dewanto, alias Oki, who is alleged to have committed a triple murder in Los Angeles and falsified passports.