Indonesian Political, Business & Finance News

Archive: 22 November 1995

40 articles found

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 21, 1995: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 900 0 0 AHAP Insurance 3,225 0 2,000 Alumindo Perkasa 1,150 0 0 Andayani Megah 1,600 75 34,500 Aneka...

City officials defend Pluit mall project

City officials defend Pluit mall project JAKARTA (JP): City officials defended yesterday the construction of Mega Mall in Pluit, North Jakarta, saying the developer has followed all procedures and that the project is in line with city planning.

Big, small firms vow partnership

Big, small firms vow partnership JAKARTA (JP): Representatives of conglomerates and small enterprises agreed yesterday to end confrontation and build up partnerships to strengthen Indonesia's competitiveness on the global market.

RP trade deficit widens

RP trade deficit widens MANILA (AFP): The Philippine trade deficit increased by 7.9 percent from a year earlier to US$6.412 billion in the nine months to September, the National Statistics Office (NSO) said yesterday. Export growth of 30.8 percent to $12.571 billion was eclipsed by the 22.

RI reject Lisbon's accusation about asylum seekers

RI reject Lisbon's accusation about asylum seekers JAKARTA (JP): Indonesia has accused Portugal of exploiting the issue of East Timorese youths flocking to foreign embassies to request political asylum for its own political advantage.

Responsibility of Pancasila press

Responsibility of Pancasila press Reading newspapers relaxes and refreshes me. I forget my tiredness and worries. I used to learn much from newspapers, but not anymore. During the last few weeks, newspapers have added to my stress.

Colliers Jardine clarifies

Colliers Jardine clarifies I wish to clarify the article Condo occupants ask for facilities which appeared in The Jakarta Post on Nov. 6, 1995 as follows: 1. One of the article's sources named Sudjono (his full name is Sudjono Kusumo).

Pasar Jaya owes Rp 26.06b in value added tax

Pasar Jaya owes Rp 26.06b in value added tax JAKARTA (JP): The city-owned market company PD Pasar Jaya owes Rp 26.06 billion (US$11.58 million) in value added tax, which it has failed to pay to the government since 1989.

Games committee collects Rp2.3b

Games committee collects Rp2.3b JAKARTA (JP): The Organizing Committee of the 14th National Games collected another Rp 2.35 billion (US$1 million) from national businesses during a gala dinner on Monday. The committee has now raised Rp 9.

State firm launches $118m bond issue

State firm launches $118m bond issue MANILA (AFP): Indonesia's state-owned electricity company PLN said yesterday it had launched a bond issue for 12 billion yen (US$118 million) guaranteed by the government and the Asian Development Bank.

Youth and politics

Youth and politics There is enough reason to believe that more than any previous election, the general elections of 1997 will be a historical landmark, which will determine the future of this nation. This is true in the sense that the 1997 general elections will determine whether the leadership of...

PPP reiterates call for coercion-free elections

PPP reiterates call for coercion-free elections JAKARTA (JP): Senior politician Ismail Hasan Metareum called yesterday for "fair, honest and coercion-free" general elections, ones that do not make the people suffer.

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.

Canada offers expertise to RI

Canada offers expertise to RI JAKARTA (JP): Canada is offering Indonesia its expertise and experience in the transportation business through technical assistance and the establishment of joint ventures.

U.S.-China airline deal

U.S.-China airline deal BEIJING (Reuter): The Chinese government has approved the landmark purchase of 25 percent of a local airline by an American company, Xinhua news agency said yesterday. The Civil Aviation Administration of China (CAAC), the aviation regulator, and the Ministry of Foreign...

Government to keep oil price at $16.5 a barrel

Government to keep oil price at $16.5 a barrel JAKARTA (JP): The government is likely to maintain the estimated average oil price of US$16.5 per barrel during the 1995-1996 fiscal year as the basis for estimating oil and gas tax receipts for the coming year.

Debt collectors stand trial

Debt collectors stand trial JAKARTA (JP): The South Jakarta District Court began trying two debt collectors on Monday for kidnapping and torturing a businessman. Prosecutor J. Kamaru told the court that Victor Laiskodat, 30, Petrus Belen, 31, and two other suspects kidnapped businessman Sulaiman...

Police detain 63 in Pasuruan riots

Police detain 63 in Pasuruan riots JAKARTA (JP): Police in Pasuruan, East Java, have arrested 63 people on charges of inciting five days of violent protests against a factory they accused of polluting nearby fish and shrimp ponds.

Moslems in Dili to keep calm

Moslems in Dili to keep calm DILI, East Timor: Chairman of the influential Indonesian Council of Ulemas KH Hasan Basri said yesterday that Moslems in the province need no longer worry about religious tension there.

Growth of petrochemicals boost naphtha demand

Growth of petrochemicals boost naphtha demand SINGAPORE (Reuter): Asia's naphtha demand is expected to rise on the growth of the petrochemical sector and petrol use especially in Taiwan and India, despite reduced imports from Japan and South Korea, industry sources said yesterday.

Students receive scholarships

Students receive scholarships PADANG, West Sumatra: A total of 763 students of Andalas University received this year scholarships from various foundations and bodies, Antara reported. "Most of them are high achievers who come from poor families," said Alfian Saman of the university yesterday.

Perumka evicts squatters in Tanah Abang

Perumka evicts squatters in Tanah Abang JAKARTA (JP): Squatters along the Tanah Abang railway track gave up their shanties yesterday to a demolition team backed by 80 military troops. Unlike on previous occasions, the 50 huts along the tracks were demolished without protests or tears.

Sun Hung Kai suspends 2 executives

Sun Hung Kai suspends 2 executives JAKARTA (JP): Beleaguered PT Sun Hung Kai Securities Indonesia said yesterday it has suspended two of its top executives just prior to the initial share offering of its client, PT Miwon Indonesia.

Govt, businessmen must draft action plans: Sofyan

Govt, businessmen must draft action plans: Sofyan JAKARTA (JP): The government should follow up the results of the Asia Pacific Economic Cooperation (APEC) leaders meeting in Osaka with concrete steps by involving the private sector in preparing strategies.

PT Indosat to operate new telecommunication gateways

PT Indosat to operate new telecommunication gateways JAKARTA (JP): State-owned PT Indosat will operate its new international telecommunications gateways and earth station early next month. Indosat's president, Tjahjono Soerjodibroto, said here yesterday that the Rp 100 billion (US$43.

SEAG medalists to get bonuses from tycoons

SEAG medalists to get bonuses from tycoons JAKARTA (JP): Business tycoons will provide bonuses for Indonesian medal winners at the 18th Southeast Asian Games in Chiang Mai, Thailand, Chairman of the National Sports Council Wismoyo Arismunandar said.

Banditry rampant

Banditry rampant From Neraca Many foreigners in Jakarta complain about the rampant hooliganism. Japanese and Korean entrepreneurs report extortion and other crimes to the police. Vendors in Tanah Abang, nearby discotheques, and other entertainment centers are regular and easy targets of...

'The Cure' educates about AIDS, friendship

'The Cure' educates about AIDS, friendship JAKARTA (JP): Erik has finished his sundae but he wants more. He looks at Dexter's glass and asks him if he is going to finish it. Dexter, Erik's best friend, is not going to finish his ice cream.

WB aid for slum rehabilitation

WB aid for slum rehabilitation KENDARI, Southeast Sulawesi: The World Bank will provide Rp 49 billion (approximately US$21.6 million) for slum rehabilitation projects in Muna regency, which is Indonesia's largest teak exporting area. Regent H. Muh.

Apac Centertex to acquire two companies

Apac Centertex to acquire two companies JAKARTA (JP): PT Apac Centertex Corporation plans to acquire PT Apac Inti Corpora and PT Batam Textile Industry at Rp 510 billion (US$222.7 million), the company announced after a public exposition yesterday.

Superstition leads to trees' demise

Superstition leads to trees' demise JAKARTA (JP): The West Jakarta authorities will be replacing shade trees with a different species following complaints from businesspeople that the Angsana trees could bring them bad luck.

Civil servants

Civil servants I am writing this letter in response to the article you ran in The Jakarta Post entitled Civil servants lack incentive, competence, dated Nov. 20, 1995. I would like to congratulate the Post on running this article on the realities of the status of government employees in Indonesia...

Zebra crossing

Zebra crossing From Media Indonesia One of the safest places to cross a road is at the zebra crossing. But it is wrong to think that only the pedestrians have to abide by the traffic regulations when using the zebra crossing.

Keep criticisms indoors: Ginandjar

Keep criticisms indoors: Ginandjar JAKARTA (JP): Shortcomings in national development should not be covered up. However, neither should they be used to tarnish the government's image abroad, said Minister of National Development Planning Ginandjar Kartasasmita.

E. Jakarta gets more phone lines

E. Jakarta gets more phone lines JAKARTA (JP): The East Jakarta Telkom office has installed 67,305 new phone lines since January, giving the mayoralty 284,569 lines. Head of the East Jakarta Telkom office, Rizal Saat, announced yesterday that another 20,000 lines are being prepared.

Environment agency open to public scrutiny

Environment agency open to public scrutiny JAKARTA (JP): The government yesterday introduced the concept of "democratization of pollution control", saying that anyone is free to question the operations of the Environmental Impact Management Agency.

Govt claims in E. Java

Govt claims in E. Java JAKARTA (JP): The Financial, Bank and Trade Commission of the House of Representatives expressed concern yesterday over the large amount of uncollected government credits in East Java. The cases were submitted to the State Receivership Agency.

Soeharto to open new apartments

Soeharto to open new apartments JAKARTA (JP): President Soeharto is scheduled to inaugurate the Cengkareng low-cost apartments especially built for workers of factories in West Jakarta on Nov. 30. The spokesman for the Ministry of Public Housing, Johanes Kalle, told The Jakarta Post yesterday that...

Transport operators want fare increase

Transport operators want fare increase JAKARTA (JP): The Organization of Land Transportation Owners (Organda) yesterday urged the House of Representatives to support its proposals for an increase in land transportation tariffs and assistance to bus companies.

Tifico plans a rights issue for expansion

Tifico plans a rights issue for expansion JAKARTA (JP): PT Teijin Fiber Corporation (Tifico) plans to make a rights issue in the near future to finance its US$90 million expansion plan, an executive of the company, Mardjono Reksodiputro, said yesterday.