Indonesian Political, Business & Finance News

Archive: 7 November 1995

59 articles found

Oki to set up RI unit

Oki to set up RI unit TOKYO (Reuter): Oki Electric Cable Co. Ltd. said it will set up an Indonesian unit in March 1996 to produce telephone cables, cords for car mobile phones, and connectors. The new company, PT Oki Electric Cable Batam, will be capitalized at US$6 million.

Rubber prices forecast to continue increasing

Rubber prices forecast to continue increasing SINGAPORE (Reuter): Southeast Asian traders said yesterday rubber prices are expected to continue rising this week as demand from Japan, China and Western tire companies exceeds supply.

APEC enlarged in membership, capacities

APEC enlarged in membership, capacities By Mie Kawashima TOKYO (Kyodo): Over its short history, the Asia-Pacific Economic Cooperation (APEC) forum has grown in membership from its original 12 members to 18, while its scope has expanded beyond mere economic consultation into a joint pursuit of free...

Australia coal output set to expand in Asia market

Australia coal output set to expand in Asia market SYDNEY (Reuter): Australian coal producers are gearing up for a massive increase in supply to the Asian export market despite Japanese buyers' resentment over current year price increases.

Copolymers produced

Copolymers produced JAKARTA (JP): Polypropylene producer PT Tri Polyta Indonesia announced yesterday that it has started production of copolymer polypropylene resin at its West Java plant. Copolymers are a special grade of plastic.

Tony Hardiyanto retains national rally crown

Tony Hardiyanto retains national rally crown JAKARTA (JP): Tony Hardianto overcame the grueling Gembala Sriwijaya track at Ogan Komering Ulu, South Sumatra, on Sunday to win the final leg of the national rally championship series.

Selling local products

Selling local products One of the many problems in a developing country is difficulties with marketing a local product. Constraints include less proficiency in management, a shortage of funds and a general lack of national pride.

Singaporeans held on drug charges

Singaporeans held on drug charges BANGKOK (AFP): Three Singaporean tourists and a Thai national have been arrested in the southern Thai city of Hat Yai for alleged possession of 24.7 kilograms of heroin, police said yesterday.

New customs law will boost exports: Mar'ie

New customs law will boost exports: Mar'ie JAKARTA (JP): Minister of Finance Mar'ie Muhammad said here yesterday that the new customs and excise bills, currently being deliberated in the House of Representatives, will stimulate export activities.

New management at Merpati

New management at Merpati On Friday, Dr. Budiarto Subroto was inaugurated as chief director of the government-owned Merpati Nusantara Airlines (MNA), replacing Ridwan Fataruddin. Budiarto's inauguration puts an end to the controversy which has drawn many reactions from the public, including from...

Don't overact

Don't overact From Berita Buana Supermarkets should learn an important lesson from the Nov. 3 incident Purwarkarta, West Java, in which a big group of people smashed a number of shops, damaged seven cars and two motorcycles and burned two warehouses.

AdAsia '95 Album

AdAsia '95 Album Photo A: Press JP/msa PRESS TALK: The Director General of Press and Graphics, Subrata (left), takes time for a friendly interchange with the assistant chief editor of Kompas daily, August Parengkuan (right).

Churches offer haven for E. Timor refugees

Churches offer haven for E. Timor refugees CANBERRA (Agencies): Convents, churches and monasteries around Australia are offering sanctuary to East Timorese refugees in a move that could set them against the national government and land them in jail.

Review ad ethics: Soeharto

Review ad ethics: Soeharto NUSA DUA, Bali (JP): President Soeharto opened the 19th Asian Advertising Congress yesterday by suggesting that advertisers review their practices and consolidate the ethical foundations of advertising.

Land scam suspects' property confiscated

Land scam suspects' property confiscated BEKASI, West Java (JP): The Bekasi Prosecutors Office has confirmed the confiscation of property belonging to the main suspects in an 800-hectare land scam. Chairuman Harahap, the prosecutors' office chief, said yesterday that his office had seized two...

Pertamina's two Japan subsidiaries to merge

Pertamina's two Japan subsidiaries to merge TOKYO (Reuter): Pertamina's two Japanese crude and oil product subsidiaries, Far East Oil Trading Co Ltd. and Japan Indonesia Oil Co Ltd., said yesterday they will merge into a 50-50 venture effective Jan. 1, 1996.

Forestry minister gets conservation medal

Forestry minister gets conservation medal JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo has received a Golden Ark medal for his efforts to promote environmental conservation, particularly in relation to tropical forests.

Telkomsel to sell up to 30 percent of its shares

Telkomsel to sell up to 30 percent of its shares JAKARTA (JP): Digital mobile operator PT Telkomsel will offer up to 30 percent of its shares to strategic partners. Telkomsel chief commissioner Rahardi Ramelan said yesterday that Telkomsel is offering a 20 percent stake in the firm to a foreign...

All countries urged to ratify biodiversity pact

All countries urged to ratify biodiversity pact JAKARTA (JP): An international conference on biodiversity opened yesterday with an appeal to the United States and 34 other countries to ratify the Convention on Biodiversity.

Pizza Hut burgled

Pizza Hut burgled JAKARTA (JP): Burglars broke into the Pizza Hut fast food outlet in the International Trade Center in Roxy Mas, West Jakarta, on Monday, making off with Rp 10 million in cash. Police said that more than one thief entered the restaurant through the front door and took Rp 10 million...

Medco acquires Stanvac

Medco acquires Stanvac JAKARTA (JP): Publicly-listed PT Medco Energy Corporation has acquired all the stocks of PT Stanvac Indonesia, the oldest oil company in the country, Medco's finance director Sugiharto told The Jakarta Post yesterday. "The purchase agreement was signed on Nov.

Brazilians fail tests

Brazilians fail tests JAKARTA (JP): East Kalimantan soccer club Putra Samarinda followed the footsteps of PSIS Semarang when it dropped two Brazilian players from its roster for the upcoming league season.

Pitching, the name of the game in advertising

Pitching, the name of the game in advertising JAKARTA (JP): Think of it as the bidding for a government project: When an advertiser, usually a big one, wishes to launch a promotional campaign for its new product, it selects a handful of agencies to participate in a competition known as a "pitching".

Treatment of Maman 'standard procedure'

Treatment of Maman 'standard procedure' JAKARTA (JP): Minister of Justice Oetojo Oesman defended yesterday the treatment of former Bapindo bank executive Maman Suparman, before and after his death, as being standard procedure.

Tobacco firms aid poor

Tobacco firms aid poor BOJONEGORO, East Java: Tobacco firms in Bojonegoro have pledged to contribute Rp 5 for every kilogram of tobacco they buy from local farmers toward a fund to help eradicate poverty.

Kedoya, Cakung residents complain over demolition

Kedoya, Cakung residents complain over demolition JAKARTA (JP): Fifty residents of Kedoya, West Jakarta, and another 12 from Cakung, East Jakarta, lodged complaints with the National Commission on Human Rights yesterday, saying that the city administration has yet to compensate them for the...

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 6, 1995: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,200 100 4,500 AHAP Insurance 3,225 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 1,850 25 116,500...

ADB ready to give financial help to Indonesian firms

ADB ready to give financial help to Indonesian firms JAKARTA (JP): The Asian Development Bank (ADB) is ready to extend financial aid without governmental guarantees to private firms interested in infrastructure projects in Indonesia under build, operate and transfer (BOT) arrangements, an executive...

Policy-makers to blame for floods: River project chief

Policy-makers to blame for floods: River project chief JAKARTA (JP): Poor policy-making on the part of regional developers, abetted by negligent city officials, has resulted in a number of river points that are prone to flooding, an official said yesterday.

Renault in Malaysia

Renault in Malaysia PARIS (AFP): Renault has signed an agreement with Malaysian company Inokom for the production in Malaysia of a commercial vehicle based on the Traffic van, Renault said yesterday. The agreement, which was signed on Friday, allows Inokom a license under royalty to manufacture...

China wants to join WTO as developing nation

China wants to join WTO as developing nation BEIJING (Reuter): Premier Li Peng said yesterday China would not accept entry to the World Trade Organization (WTO) as a developed country since its economy was still too backward to meet such criteria.

Duta Pertiwi dismisses residents' complaint

Duta Pertiwi dismisses residents' complaint JAKARTA (JP): PT Duta Pertiwi, the developer of Mangga Dua Court Condominium, has denied reports that it has failed to build sports facilities for the residents.

Don't forget motherhood role, Try advises career women

Don't forget motherhood role, Try advises career women JAKARTA (JP): Vice President Try Sutrisno warned yesterday that career-minded women with children should not abandon their role as mothers. As more and more women in Indonesia take up careers outside of their homes, they must remember that they...

French toddler killed in crash

French toddler killed in crash DENPASAR, Bali: A five-year old French boy, vacationing with his father, died after he was hit by a car while crossing the road in the Legian resort city last week, Antara reported.

Habibie may face competition for ICMI's top post

Habibie may face competition for ICMI's top post JAKARTA (JP): The re-election of B.J. Habibie as chairman of the Indonesian Association of Moslem Intellectuals (ICMI) at the group's congress next month is by no means a foregone conclusion, the organizers said yesterday.

RI completing SEA Games team line-up

RI completing SEA Games team line-up JAKARTA (JP): The Indonesian National Sports Council (KONI) is completing its final selection for the 18th Southeast Asian Games, after receiving the names of 455 athletes yesterday.

Earthquake felt in Bengkulu

Earthquake felt in Bengkulu BENGKULU, Bengkulu: A powerful earthquake shook two regencies in the Bengkulu province on Sunday shortly before midnight, but there were no reports of casualties. The local Meteorology and Geophysics agency said the tremor measured 6.

Indonesian press enjoys freedom: PWI

Indonesian press enjoys freedom: PWI JAKARTA (JP): The local media industry enjoys freedom although not to the same degree as that found in the West, the leaders of the Association of Indonesian Journalists (PWI) said yesterday.

Salary raise insulting

Salary raise insulting From Sinar I have been a civil servant for four years and was in the IIa category. I was just promoted to the IIb, which should have happened last April. I was delighted with the promotion and expected to be equally pleased with the raise I was to receive.

Civil Servants Corps

Civil Servants Corps From Forum Keadilan Members of the Civil Servants Corps (Korpri) cannot channel their aspirations freely and have to leave their jobs if they want to join a minority political party.

Religious teachers wanted

Religious teachers wanted JAYAPURA, Irian Jaya: A local church leader said many schools in Irian Jaya have been without teachers of Christianity. Father M.F.Rumsarwir, the head of the Kristen Injili Church synod, which runs hundreds of schools in the province, blamed the shortage on a central...

Soeharto sends condolences

Soeharto sends condolences JAKARTA (JP): President Soeharto sent a personal letter to Israel yesterday offering condolences over the death of Prime Minister Yitzhak Rabin, Minister/State Secretary Moerdiono said.

Choosing an ad agency: How should it be done?

Choosing an ad agency: How should it be done? JAKARTA (JP): From an agency's perspective, pitching for a campaign is always a risky option. They have to devote a large number of man hours to preparing their presentation. They may also have to invest in materials.

10 years jail sought in police murder case

10 years jail sought in police murder case JAKARTA (JP): A public prosecutor demanded yesterday that two defendants on trial for attacking police officers be sentenced to 10 years imprisonment. One of the two officers died in the attack, which took place at Blok M shopping area on March 6.

Group of 15 forum seeks to make its presence felt

Group of 15 forum seeks to make its presence felt By Meidyatama Suryodiningrat BUENOS AIRES (JP): The Group of 15 (G-15) forum must solidify cooperation between its members to prove itself worthy of attention by the industrialized countries, if North-South dialog is to be rejuvenated.

Price set for Grati power plant

Price set for Grati power plant JAKARTA (JP): The government has approved the price of electricity from a private gas-fueled power project at Grati in Pasuruan, East Java. The price per kilowatt hour (kWh) will be 5.88 U.S. cents, an official announced here yesterday.

House speaker supports formation of new groups

House speaker supports formation of new groups JAKARTA (JP): Speaker of the House of Representatives Wahono yesterday said he fully supported the recent establishment of new "brotherhood" organizations, that they help reverse the trend towards potentially divisive sectarian politics.

Asia faces hurdles in energy futures contract

Asia faces hurdles in energy futures contract SINGAPORE (AFP): Asia's dream to have a popular indigenous energy futures contract to manage oil-price risks is being frustrated by key Western exchanges which have entered the market, an industry journal said.

Taxi robber caught

Taxi robber caught JAKARTA (JP): A man was arrested for holding up a taxi driver in the city's north yesterday. Police said that Ucok Simorangkir, 27, was caught by a mob after being seen attempting to rob the driver of a taxi belonging to the Royal Taxi company at the intersection in front of the...

Beijing's absence a blow to ad congress

Beijing's absence a blow to ad congress By Lela E. Madjiah DENPASAR, Bali (JP): China's absence from the 19th Asian Advertising Congress has not affected the meeting but it is a blow to the Asian Federation of Advertising Association (AFAA), says AFAA chairman Yusca Ismail.

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.

Ethics important issue among journalists

Ethics important issue among journalists JAKARTA (JP): The question of ethics emerged as an important issue among local journalists on the third day of the 19th Asian Advertising Congress at a Nusa Dua resort yesterday.

RP rescue teams scour towns for typhoon victims

RP rescue teams scour towns for typhoon victims MANILA (Reuter): Rescue teams fanned out in typhoon-hit areas to scour devastated towns and villages for the victims of the most powerful storm to hit the Philippines in a decade, relief officials said yesterday.

Construction noise

Construction noise Thank you very much, Mr. Sam Suhaedi, for your good advice (The Jakarta Post, Oct. 23, 1995) on the problem of noise pollution, which I explained in my letter published in The Jakarta Post on Oct. 18, 1995.

Dutch man dead in hotel

Dutch man dead in hotel JAKARTA (JP): A 64-year-old Dutch man died in an East Jakarta hotel room on Sunday, police said yesterday. John Japper died on Sunday night of a heart attack in room number 101 of a hotel on Jl. Jatinegara Barat, police sources said.

Thai elephant 'teachers' coming

Thai elephant 'teachers' coming BANDAR LAMPUNG, Lampung: Twelve elephant 'teachers' bought from Thailand will be transported overland through Malaysia and Singapore, to enter Indonesia through Aceh, Antara reported.

Trade issues will move to job protection: Subroto

Trade issues will move to job protection: Subroto NUSA DUA, Bali (JP): Senior Indonesian economist Subroto predicted yesterday that the most important trade issues between nations would not be the nationality of products but rather, where would trade generate jobs, and to whom.

Sucaco's rights shares

Sucaco's rights shares JAKARTA (JP): Shareholders of PT Supreme Cable Manufacturing Corporation (Sucaco) approved yesterday the company's plan to issue 22.84 million rights shares at Rp 3000 (US$1.31) each, Sucaco president Elly Soepono said. Of the Rp 68.5 billion (US$29.

Sacking of Bintang defended

Sacking of Bintang defended JAKARTA (JP): Lawyers defending President Soeharto against a lawsuit filed by Sri Bintang Pamungkas said yesterday that the head of state was within his constitutional right when he removed the politician from the House of Representatives.