Indonesian Political, Business & Finance News

Archive: 21 November 1995

41 articles found

Govt foreign debt drops to $61.3 billion

Govt foreign debt drops to $61.3 billion JAKARTA (JP): The government's foreign debt amounted to US$ 61.3 billion as of September, Minister of Finance Mar'ie Muhammad in a hearing with the budgetary commission of the House of Representatives here yesterday.

Aromatic feedstock limited in local market

Aromatic feedstock limited in local market JAKARTA (JP): The domestic supply of feedstocks for the petrochemical industry will be severely limited in the years to come, Hadiono Sutirto, head of Pertamina's gas and petrochemical division, said yesterday.

Standard Chartered Bank clarifies

Standard Chartered Bank clarifies JAKARTA (JP): The Standard Chartered Bank has said it has no connection with the bank promoters who staged a two-day sit-in at the bank headquarters last week. Rina Djamal, spokeswoman for Standard Chartered Bank, said yesterday that the bank uses the services of...

City transportation an ordeal

City transportation an ordeal From Berita Buana As a new comer to Jakarta, I feel miserable. I find it awfully difficult to use public transportation here. Even if you wish to take a taxi, you have to wait hours to get one. The situation is even worse for my children.

SEAG medalists to get bonuses in form of insurance

SEAG medalists to get bonuses in form of insurance JAKARTA (JP): The National Sports Council (KONI) will award Rp 25 million (US$ 11,300) in the form of a five-year insurance policy to each Indonesian athlete that wins a gold medal at the 18th Southeast Asian Games in Chiang Mai, Thailand.

Tourist officials meet in Surabaya

Tourist officials meet in Surabaya JAKARTA (JP): Government officials and tourist industry executives of the Association of Southeast Asian Nations (ASEAN) will meet in Surabaya, East Java, from Jan. 6 to Jan. 12 in an annual forum to discuss cooperation in promotion and marketing.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 20, 1995: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 900 -100 7,500 AHAP Insurance 3,225 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 1,525 -100 232,500...

Frying pan wins design contest

Frying pan wins design contest JAKARTA (JP): A frying pan and a bowl for grinding chili took first and second place in a recent national industrial design contest. The winners of the "Eating Utensils" contest received their prizes yesterday from Tuti Try Sutrisno, wife of Vice President Try...

Golkar's win doesn't harm democracy

Golkar's win doesn't harm democracy JAKARTA (JP): Golkar officials are trying to placate critics who claim that democracy will perish if the ruling political group clinches a landslide victory in the 1997 election.

Aussies await overdue trial

Aussies await overdue trial MEDAN, North Sumatra: Two Australian tourists in Mount Sitoli, Nias Island, are still awaiting their trial despite having been in custody for a year. J. Sharland, 28, and Sean P. Philips, 29, were arrested Nov. 28, 1994 for allegedly possessing illegal substances.

Economic growth

Economic growth Regarding the seven percent growth predicted for 1996 (The Jakarta Post, Nov. 8, 1995), I would like to ask the economists: Did they include the informal economy? Evaluating economic growth based on traditional economic tools may not tell the whole story.

Sun Hung Kai

Sun Hung Kai Correction: PT Sun Hung Kai Securities Indonesia, whose license was suspended last week by the Capital Market Supervisory Agency (Bapepam), is 85 percent owned by Sun Hung Kai Securities Ltd. of Hong Kong, 7.5 percent by Utomo Josodirdjo and 7.

Justice: A bulwark or a mirage?

Justice: A bulwark or a mirage? By G.S. Edwin JAKARTA (JP): O.J. Simpson's not guilty verdict created a storm in the USA. One group was jubilant and celebrated, another angry and furious. High profile cases are a curse.

Bekasi's arable land sacrificed for projects

Bekasi's arable land sacrificed for projects By Sri Murniati BEKASI (JP): The rapid development of Bekasi, a satellite town some 20 kilometers east of Jakarta, is beginning to concern locals, as thousands of hectares of arable land are turned into industrial and residential estates.

Canada, RI to open air link

Canada, RI to open air link JAKARTA (JP): Canada and Indonesia agreed yesterday to open air links between the two countries in the near future. A spokesman for the Ministry of Transportation, Bambang Ervan, said that a preliminary accord was reached here yesterday during a meeting between Minister...

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Arya Duta, Jl. Prapatan 44-48,Central Jakarta: - Ambiente Italian Restaurant: Bonauli vocal group, Monday and Wednesday from 7 p.m. to 1.p.m.; Los Morenos, Tuesday, Thursday and Sunday from 7 p.m to 11 p.m.

'Bung' Tomo a national hero

'Bung' Tomo a national hero From Kompas While watching an TVRI/SCTV news broadcast the other day, I was surprised to learn that Bung Tomo was awarded the honor of national hero. But later, while watching a documentary about the 1945 Youth Congress in Yogyakarta, I was disappointed when the...

Media told not to disturb development

Media told not to disturb development JAKARTA (JP): President Soeharto yesterday called on the media not to hinder the development process but instead help prepare the country for free trade in the Asia-Pacific region. Soeharto warned that any "false reports" might make the people restless.

Finance officials reshuffled

Finance officials reshuffled JAKARTA (JP): Finance Minister Mar'ie Muhammad installed yesterday Dono Iskandar Djojosubroto, former chief of the Agency for Financial and Monetary Analysis, as the new secretary-general of his ministry, replacing Jusuf Anwar.

Country needs 'loyal' people

Country needs 'loyal' people JAKARTA (JP): Commander of the Armed Forces (ABRI) Gen. Feisal Tanjung said Indonesia needs more people who are dissatisfied with current developments, yet trust the system enough to strive for improvements from within.

Surveyor Indonesia told to diversify its products

Surveyor Indonesia told to diversify its products JAKARTA (JP): State-owned PT Surveyor Indonesia was told by the government yesterday to diversify its services to anticipate the possible removal of its core business, the pre-shipment inspection of imports.

RP, U.S. sign air pact

RP, U.S. sign air pact MANILA (AFP): The Philippines and the United States signed an aviation agreement yesterday expanding cargo rights to U.S. carriers but deferring the implementation of an "open skies" policy.

National discipline

National discipline Speaking about national discipline, I really appreciate all opinions that concern the issue, as long as the opinions do not blame each other. The latest measure taken in the framework of the national discipline campaign is that the city military command fielded about 15,000...

TV today

TV today TVRI 2:35 p.m. TV Series: Hassai Sensei 3:05 Dilentasia 3:30 TV Series: Shingen 4:30 Science Program 5:00 Regional News 5:25 Face Of My Country 5:30 English Program 5:30 Nusantara, The Beloved Country: North Sulawesi 6:15 Village Program 6:30 Religious Teaching Terbuka 7:00 Evening News...

Separatists abduct 30 villagers

Separatists abduct 30 villagers JAYAPURA, Irian Jaya: Guerrillas from the Free Papua Movement have reportedly abducted 30 residents of Akcan village, Merauke regency, and headed for the Papua New Guinea border.

Ginandjar meets with NGOs over his remarks

Ginandjar meets with NGOs over his remarks JAKARTA (JP): State Minister of National Development Ginandjar Kartasasmita yesterday met with activists of several non- governmental organizations (NGOs) who resented his recent remarks accusing them of maligning Indonesia abroad.

500 evicted from Perumka land

500 evicted from Perumka land JAKARTA (JP): About 100 homes, occupied by more than 500 people staying on company land, were demolished by the state- owned railroad company Perumka, yesterday. The demolition started at about 8:00 a.m.

Risjad Brasali issues convertible bonds

Risjad Brasali issues convertible bonds JAKARTA (JP): PT Risjad Brasali Styrindo -- producer of acrylonitrile butadine styrene (ABS), styrene acrylonitrile (SAN) and expandable polystyrene (EPS) -- issued mandatory convertible bonds worth US$25 million yesterday.

Two street hoodlums jailed for attacking two police officers

Two street hoodlums jailed for attacking two police officers JAKARTA (JP): The South Jakarta District Court yesterday sentenced two street hoodlums to four years and three years and ten months respectively for attacking police officers in the Blok M shopping area.

Police say they lack evidence of gambling on ships

Police say they lack evidence of gambling on ships BANDUNG (JP): Police do not yet have enough evidence to arrest people for gambling on board vessels berthed at Tanjung Priok port, North Jakarta. National Police Chief Gen.

Librarians asked to widen knowledge

Librarians asked to widen knowledge JAKARTA (JP): Vice President Try Sutrisno yesterday told Indonesian librarians to broaden their knowledge and keep up with scientific and technological advances. Opening the seventh congress and national seminar of the Indonesian Librarians Association, Try said...

Floods hit West Aceh

Floods hit West Aceh BANDA ACEH, Aceh: Incessant rains since Sunday have submerged thirty six villages and dozens of hectares of paddy fields in West Aceh. Hundreds of cattle have also been lost in the floods.

Istiqlal Festival

Istiqlal Festival From Kompas I visited both the first and the second Istiqlal Festival. I was impressed. I admired the works of art and the historical Islamic items displayed. Moslems from various provinces and walks of life visited the festival.

Orphans to join drawing contest

Orphans to join drawing contest JAKARTA (JP): The Jakarta Hilton International will invite 50 orphans from the Desa Putra Orphans' Home, Lenteng Agung, South Jakarta, to join a drawing contest. The contest, with Christmas as its theme, will take place in the Hilton's Anggrek Room, Executive Club,...

Five central banks tie in cooperation

Five central banks tie in cooperation By Hendarsyah Tarmizi HONG KONG (JP): Central banks and monetary authorities from Indonesia, Malaysia, Thailand, Hong Kong and Australia agreed in a meeting here yesterday to cooperate in curbing possible speculative attacks on their currencies.

Timorese youths denounce asylum seekers

Timorese youths denounce asylum seekers JAKARTA (JP): One hundred Timorese youth demonstrated at the House of Representatives yesterday to express disgust at the waves of East Timorese seeking asylum through various foreign embassies here.

A new trend?

A new trend? Despite all the criticism that has been aired, it now seems that the construction of a Rp 7.2 billion mansion for Central Java's provincial governor in Semarang will go on as planned. As reported by the press, Governor Soewardi has made it clear that building the mansion is essential...

KONI gets Rp 1.6b for Olympic Games

KONI gets Rp 1.6b for Olympic Games JAKARTA (JP): The National Sports Council (KONI) received Rp 1.6 billion (US$711,000) yesterday from Citibank to finance the Indonesian team's preparation for the 1996 Olympic Games in Atlanta, USA.

Chinese paintings to be displayed

Chinese paintings to be displayed JAKARTA (JP): A total of 300 oil paintings by 90 Chinese painters will be displayed at the Jakarta Fairground from Nov. 25 to Dec. 10. The chairperson of the organizing committee, Dewi Motik Pramono, said on Saturday that the exhibition is aimed at presenting the...

Bandung ready to host Champions Cup quarters

Bandung ready to host Champions Cup quarters BANDUNG (JP): The Asian Football Confederation found yesterday no reasons to worry about letting Persib Bandung host the Asia Club Championship Group East quarterfinals here. AFC's envoys led by R.

Aztech expansion in Batam

Aztech expansion in Batam SINGAPORE (Reuter): Multimedia company Aztech Systems is planning to open a second offshore plant in Batam, Indonesia, the Business Times said. The newspaper quoted Aztech's president Michael Mun as saying the plant would cost Singapore US$20-S$30 million.