Indonesian Political, Business & Finance News

Archive: 31 October 1995

44 articles found

Semen Gresik enters franchising business

Semen Gresik enters franchising business JAKARTA (JP): Publicly-listed PT Semen Gresik will enter a cement "franchising" business with PT Semen Bintang Mandiri which will build a cement plant in Tuban, East Java.

Court supports govt's blessing of Freeport

Court supports govt's blessing of Freeport JAKARTA (JP): A court yesterday rejected a lawsuit filed by a leading environmentalist group against the government for blessing the environmental conservation programs of PT Freeport Indonesia in Irian Jaya.

In-form Cejka heads for Dunhill Masters

In-form Cejka heads for Dunhill Masters JAKARTA (JP): Fresh from the biggest win of his career, rising German star Alexander Cejka is setting his sights on a second successive victory in Thursday's Alfred Dunhill Masters at the Emaralda Golf Course near here.

Assistance for Kerinci continues

Assistance for Kerinci continues JAKARTA: With the distribution of food supplies stopped, the government will continue sending medicines, clothing, building materials and money to victims of the recent quake in Jambi.

Volta struggles in ASEAN match

Volta struggles in ASEAN match JAKARTA (JP): Defending champion Volta Manado has a rough road ahead, with the throne of the 17th ASEAN Cup open team bridge tournament in Manila, the Philippines, is still six sessions away.

Boram-Risjad finance firm

Boram-Risjad finance firm JAKARTA (JP): PT Bank Risjad Salim Internasional and Boram Bank of Korea established yesterday PT Boram Risjad Finance, a joint-venture, multi-finance company. Boram Risjad was established with an authorized capital of Rp 30 billion (US$13,157), of which Rp 15 billion was...

ICI's plant in Bontang

ICI's plant in Bontang MELBOURNE (Reuter): ICI Australia Ltd plans an A$100 million plant in Indonesia and is considering large investments in Australia, managing director Warren Haynes said. He said the company was capable of spending A$250 million a year without lifting gearing above its 30...

Why are we confused?

Why are we confused? Many public figures have been complaining recently that Indonesians are becoming confused about government policies and actions. This is a strange thing to happen to a people known for their modesty, understanding and submissiveness.

SKEPHI needs information

SKEPHI needs information SKEPHI Support Office Europe is an official subsidiary of Network for Forest Conservation in Indonesia (SKEPHI) in Europe. Besides being assigned to international campaigning to preserve forests in Indonesia, the office also conducts and prepares studies and strategic...

Pertamina sells extra crude from Cilacap

Pertamina sells extra crude from Cilacap SINGAPORE (Reuter): Marketing affiliates of Indonesia's state oil firm Pertamina have sold Cilacap refinery's surplus crude oil, trade sources said. Cilacap has been shut since last Tuesday after fire damaged some storage tanks.

Squatters to receive compensation

Squatters to receive compensation JAKARTA (JP): The mayoralty has agreed to pay compensation, ranging from Rp 300,000 to Rp 500,000, to squatters evicted from the riverbank in Pejambon, Central Jakarta.

Large coal terminal to be built in S. Kalimantan

Large coal terminal to be built in S. Kalimantan JAKARTA (JP): PT Indonesia Bulk Terminal (IBT) signed here yesterday agreements for US$80 million in secured loans from National Australia Bank Ltd. and Banque National de Paris for financing a 10 million-ton capacity coal terminal at Pulau Laut,...

Five years jail sought for two police killers

Five years jail sought for two police killers JAKARTA (JP): The prosecutor in the trial of two men charged with involvement in the March attack on two policemen in South Jakarta in which one policeman was killed has asked the court to sentence the accused to five years imprisonment each.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 30, 1995: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,425 0 0 AHAP Insurance 3,250 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 2,000 25 182,000 Aneka Kimia...

Unwanted guest

Unwanted guest From Bisnis Indonesia On Oct. 25, 1995, at about 12:30 p.m. a mute woman came to our office unexpectedly. She had short hair and a freckle on her face, looked smart and carried a handbag. She had a letter bearing her name: Yantis.

Sabang has new regent

Sabang has new regent SABANG, Aceh: Aceh Governor Syamsudin Machmud installed Bustari Mansyur as Sabang's new regent replacing Sulaiman Ibrahim yesterday. Bustari, an Army colonel, defeated contenders Abdullah Achmad and Suradji Yunus in a recent election, Antara reported.

Franchising helps small business

Franchising helps small business By Amir Karamoy JAKARTA (JP): In the small business development plan act, which is being discussed by the Indonesian legislative council, franchising is included in the list of partnership (kemitraan) schemes.

Musical Metrominis

Musical Metrominis From Media Indonesia The Metrominis' commuters from Senen terminal to Tanjung Priok are often asked to move to another bus when they are only half- way through their journey. This is done by the driver when passengers are scarce between 10 a.m. and 4 p.m.

Striptease

Striptease I believe PT Caltex Pacific Indonesia feels cheated by the Bandung singers' entertainment on Oct. 7, 1995 in the commemoration of the company's one billionth barrel of oil produced in the Duri area. The entertainment also included several entertainers from Pekanbaru.

Taiwanese-Thai rubber plant

Taiwanese-Thai rubber plant TAIPEI (DPA): Taiwan Synthetic Rubber Corp. (TSRC) will invest in an 80-million-dollar joint venture in Thailand to make polybutadiene rubber (BR). BR is used to make car tyres, plastic modifier and other industrial products.

Indonesia needs fair competition law: Tunky

Indonesia needs fair competition law: Tunky JAKARTA (JP): Indonesia badly needs a fair competition law to improve the country's efficiency, Minister of Industry Tunky Ariwibowo said yesterday. "To ensure high efficiency, our country clearly needs a law on fair competition," Tunky said in a keynote...

Nikon's 2nd plant in Asia

Nikon's 2nd plant in Asia TOKYO (Reuter): Nikon Corp plans to build its second offshore camera plant in Asia and to raise its overseas production ratio for cameras to 75 percent in the year to March 31, 1999 from an estimated 30 percent ratio in 1995/96.

Two players dropped from national water polo team

Two players dropped from national water polo team JAKARTA (JP): Indonesia has dropped two regular players from its water polo team for December's Southeast Asian Games in Chiang Mai, Thailand. Sugandhi and Ekram Ali were sidelined following their final try out in the Asian Championship in Bangkok...

Blindness not dead end for Eka Setyawan

Blindness not dead end for Eka Setyawan By Primastuti Handayani JAKARTA (JP): Being blind represent a dead end for many people, but it hasn't discouraged one student of the Teachers Training Institute in Jakarta.

Developers upbeat about high demand

Developers upbeat about high demand JAKARTA (JP): Developers remain optimistic about high level demand in the property market due to high economic growth and investment commitments, Craig Williams, Senior Technical Advisor to PT Procon Indah, said.

Five die in road accidents

Five die in road accidents PURWOKERTO, Central Java: Five people died and 11 were hospitalized in two traffic accidents here over the weekend. The first accident took place in Karanglawas district. Sugeng Pamuji and Salim Hidayat, both high school students, were killed when the motorcycle they were...

Traders upbeat on Thai, Sumatran rubber prices

Traders upbeat on Thai, Sumatran rubber prices SINGAPORE (Reuter): Southeast Asian traders said Thai and Indonesian rubber prices appeared firm on an upward track and may climb higher this week on supply worries, although Malaysian prices could dip slightly on a technical correction.

Hexindo signs US$45m maintenance deal

Hexindo signs US$45m maintenance deal JAKARTA (JP): Publicly listed PT Hexindo Adiperkasa renewed yesterday a five-year contract with PT Kaltim Prima Coal (KPC) worth US$45 million for the maintenance of mining equipment at Prima's coal mine in East Kalimantan.

Lack of political channels lead to student protests

Lack of political channels lead to student protests SEMARANG, Central Java (JP): Political scientists blame the growth in student protests on a lack of political channels. Ariel Heryanto of the Satya Wacana Christian University said yesterday that the emergence of student forums, and protests to...

Concerns over national unity

Concerns over national unity Another new organization has emerged, this time under the name Persatuan Nasional Indonesia (Indonesian National Unity). Although it does not want to be known by its initials, PNI, the new organization is backed by prominent personalities of the old PNI (Partai Nasional...

Wahono scolds officials

Wahono scolds officials JAKARTA (JP): Speaker of the House of Representatives Wahono expressed concern yesterday over what he sees as inconsistencies between what some government officials say and do. He warned that the national discipline drive will never be a success as long as officials fail to...

Kanematsu starts fourth RI well

Kanematsu starts fourth RI well TOKYO (Reuter): Japanese trading house Kanematsu Corp has started drilling at its fourth wildcat well in Indonesia, a company spokesman said. "We hope to have enough oil samples from the 11,000 square kilometer Berau block to analyze by the year-end," he said.

Subsidizing public transportation

Subsidizing public transportation From Media Indonesia The increase of transportation fares and the proposal that the government should subsidize public transportation are still on the news. As far as subsidizing is concerned, we have to consider the following things: 1.

Leeson faces English system, minus jury in S'pore

Leeson faces English system, minus jury in S'pore By Jerry Norton SINGAPORE (Reuter): Singapore's justice system, whose judgment Briton Nick Leeson now says he will accept, is based largely on an English model, but without a jury system.

E. Timor religious forum told to avoid politics

E. Timor religious forum told to avoid politics JAKARTA (JP): An East Timorese councilor has called on religious leaders grouped in the newly established forum for inter-religious consultation in the province to stay away from politics.

Former Garuda chief agrees with Ridwan

Former Garuda chief agrees with Ridwan JAKARTA (JP): Wage Mulyono, former president of the national flag carrier Garuda Indonesia, says the refusal by Merpati Nusantara Airlines president Ridwan Fataruddin to lease 16 CN-235 aircraft was a managerially professional and correct decision.

Sarwono warns against collusion in green drive

Sarwono warns against collusion in green drive JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja senses a rat in the green campaign: Collusion between government officials and technological consultants.

Interest rates likely to drop by 1% next year

Interest rates likely to drop by 1% next year JAKARTA (JP): Bank deposit interest rates are likely to drop by one percentage point next year due to a favorable business climate which will lead to positive cash-flows, a banker predicts.

Police investigate shootings at bank and five-star hotel

Police investigate shootings at bank and five-star hotel JAKARTA (JP): City police are probing the mysterious shooting of a five-star hotel and a bank headquarters in Central Jakarta on Sunday. "We're still collecting as much evidence and information as we can," City Police Chief Maj. Gen.

Australia, RI sign anti-AIDS project

Australia, RI sign anti-AIDS project JAKARTA (JP): Indonesia and Australia signed a memorandum of understanding yesterday in relation to a A$20.2 million (US$15.3 million) AIDS-prevention and care project.

Finance officials must be diligent

Finance officials must be diligent JAKARTA (JP): Minister of Finance Mar'ie Muhammad urged his office staff yesterday to be more focused on the public interest and to guard against waste and inefficiency.

RI best shuttlers return to GP races

RI best shuttlers return to GP races JAKARTA (JP): Indonesia's best shuttlers return to the courts this week as the world badminton season comes to an end. There are three grand prix tournaments remaining, starting with the Hong Kong Open tomorrow, before the world's best players gather in...

Jakarta needs more buses

Jakarta needs more buses JAKARTA (JP): Jakarta still needs more non-Patas buses, a House member insists. Ali Marwan Hanan, from Commission V for communications, transportation, public works, tourism and public housing, said yesterday that there are less non-Patas buses than Patas buses.

100 police to protect rape trial

100 police to protect rape trial JAKARTA (JP): At least 100 anti-riot police will stand guard at the trial of men accused of gang rape and robbery in the town of Bekasi, 30 km south of here, shortly. The Bekasi Prosecutor's Office said yesterday that since the rape of Acan's wife and two daughters...