Indonesian Political, Business & Finance News

Archive: 9 November 1995

57 articles found

Johanes Kotjo takes over ABR top management

Johanes Kotjo takes over ABR top management SINGAPORE (Reuter): Four Indonesian businessmen led by Johanes Kotjo have taken over the top management of ice-cream chain operator ABR Holdings Ltd., ABR said in a statement yesterday.

Problem loans declining

Problem loans declining JAKARTA (JP): Indonesia's banking system has successfully survived the recent financial stress brought on by high levels of non-performing loans, according to a report by Standard & Poor's.

Indosat's profit rises by 61.1%

Indosat's profit rises by 61.1% JAKARTA (JP): PT Indosat reported yesterday a 61.1 percent increase in its net profit for the nine months that ended on Sept. 30 to Rp 342.2 billion (US$150.3 million) from Rp 205.9 billion in the same period of last year.

Indonesia included in the FIA world rally event

Indonesia included in the FIA world rally event JAKARTA (JP): Years of untiring efforts have finally paid off for Indonesia, which will now be included in the FIA world series calender of events. The Paris-based Federation Internationale d'Autosport (FIA), the world governing body of auto sports,...

Govt reports export rise, higher inflation rate

Govt reports export rise, higher inflation rate JAKARTA (JP): The government yesterday announced a 4.5 percent increase in Indonesia's exports to US$3.94 billion in August, up from $3.77 billion in July.

Public telephone

Public telephone From Bisnis Indonesia With reference to a letter from Mr. Pranajaya in East Jakarta published in Bisnis Indonesia on Nov. 3, 1995, we would like to clarify as follows: 1. We have often repaired the public telephones in the UKI hospital by replacing the whole set.

Acquisition approved

Acquisition approved JAKARTA (JP): Shareholders of PT Kawasan Industri Jababeka (KIJ) approved yesterday a management plan to acquire two other companies and to distribute an interim dividend of Rp 50 (2.18 U.S. cents) per share.

Fishermen ask for nationalization of fishing vessels

Fishermen ask for nationalization of fishing vessels JAKARTA (JP): The Federation of Indonesian Fishermen (HNSI) asked the government yesterday to allow the nationalization of more than 480 foreign fishing boats operating in Indonesia's territorial waters.

SE Asian states split over freeing farm trade

SE Asian states split over freeing farm trade By P. Parameswaran SINGAPORE (AFP): Southeast Asia's commodity-rich nations, sensitive to opening up key farm products even among themselves, go into the APEC summit divided over moves to exempt agriculture from the Pacific grouping's free-trade plan.

Bavaria, RI to tie up on solar generator

Bavaria, RI to tie up on solar generator JAKARTA (JP): The Bavarian State of Germany and Indonesia will sign an agreement on the development of solar electricity generation on Nov. 27 in Bonn, visiting Bavarian Minister for Economic Affairs, Transport and Technology Otto Wiesheu said.

Kawashima beats Aruan in 3rd

Kawashima beats Aruan in 3rd TOKYO (Reuter): Japan's Hiroshi Kawashima retained his World Boxing Council (WBC) super-flyweight title when the referee stopped the fight against Indonesia's Boy Aruan in the third round.

Osaka summit seen crucial to Manila

Osaka summit seen crucial to Manila By Maria Teresa Villanueva-Cerojano MANILA (Kyodo): As host of the 1996 leaders meeting of the Asia-Pacific Economic Cooperation (APEC) forum, the Philippines is pinning its hopes on a successful APEC summit in Osaka in November.

Three engineers on trial for plagiarism

Three engineers on trial for plagiarism JAKARTA (JP): Three engineers and an employee of a private company went on trial here yesterday for plagiarizing a hydraulic analysis for the reclamation of the capital's northern coastline.

New $17.5m hotel planned for S. Sulawesi

New $17.5m hotel planned for S. Sulawesi UJUNGPANDANG, South Sulawesi (JP): Businessmen have collaborated with the local administration to establish the 250- room Sedona Makassar International hotel here at a cost of Rp 40 billion (US$17.5 million).

Minute's silence for heroes

Minute's silence for heroes JAKARTA (JP): Motorists in the city will be asked to stop their vehicles for one minute from 8:15 a.m. tomorrow to participate in a brief silence to commemorate National Heroes' Day.

Merpati to continue negotiations on leasing

Merpati to continue negotiations on leasing JAKARTA (JP): The new president of Merpati Nusantara, Budiarto Subroto, said yesterday that the company will continue negotiations with PT Arthasaka Nusaphala on the controversial leasing of 16 locally-made CN-235-200 aircraft.

Asian advertising

Asian advertising The more than 1,000 advertising executives from Asia, Europe and the United States gathered at the 19th Asian Advertising Congress in Bali are predictably upbeat. The reason is obvious.

Recovered Lili set for SEAG badminton event

Recovered Lili set for SEAG badminton event JAKARTA (JP): Indonesian women's doubles player Lili Tampi is set for the 18th Southeast Asian Games badminton competition after recovering from a leg injury.

Youth chief suspended

Youth chief suspended YOGYAKARTA: The local chairman of the National Youth Committee, Khairul Muhajir, has been suspended from his post pending an investigation into allegations of embezzlement, Antara reported. Two members of the youth organization's Central Executive Board, Ruhut Sitompoel and M.

Prostitute found dead

Prostitute found dead JAKARTA (JP): A prostitute was found dead yesterday morning in the Pulogadung industrial complex, East Jakarta, police said. The body of the 32-year-old woman, identified as Lasmarini, was found by a passerby at about 2 a.m. behind an electricity relay station box.

Tax reform slashes provinces' revenues

Tax reform slashes provinces' revenues JAKARTA (JP): The tax reform introduced earlier this year, by raising the tax-free threshold on property, will reduce regional administrations' revenues from property taxes by a total of Rp 100 billion (US$43.

Jagger and Hall take a dive

Jagger and Hall take a dive AMBON, Maluku: Rock star Mick Jagger and his wife Jerry Hall visited the panoramic island of Banda earlier this week, along with 50 other passengers of the Spice Lander, Antara reported. The cruise ship docked in Banda, also famous for its underwater scenery, on Tuesday.

Coconut oil jumps at Euro opening

Coconut oil jumps at Euro opening LONDON (Reuter): Coconut oil prices jumped by around US$15 a ton at the opening of the European vegetable oil market yesterday on renewed fears over supplies of coconut oil from the Philippines following the havoc wreaked by typhoon Angela.

Biodiversity talks review funding of conservation work

Biodiversity talks review funding of conservation work JAKARTA (JP): Funding has emerged as a major bone of contention at the ongoing international biodiversity conference here. On the third day of the Second Conference of Parties to the Convention of Biodiversity yesterday, delegates from...

'Greater professionalism key to newspapers' survival'

'Greater professionalism key to newspapers' survival' JAKARTA (JP): Newspapers and magazines need to strengthen their professionalism if they are to survive the growing competition from the increasingly aggressive broadcasting media, senior journalist Jakob Oetama said yesterday.

Private sector's absence from G-15 expo lamented

Private sector's absence from G-15 expo lamented By Meidyatama Suryodiningrat BUENOS AIRES (JP): Minister of Foreign Affairs Ali Alatas lamented yesterday the absence of the Indonesian private sector in the business expo and forum being held here in conjunction with the fifth summit of the group of...

Bali to host volleyball meet

Bali to host volleyball meet JAKARTA (JP): Bali will play host to the opening leg of the inaugural Asian four-a-side beach volleyball championship series from Nov. 29 to Dec. 2 The finals will be held in Lombok from Dec. 6 to Dec. 9.

Australian team in expo

Australian team in expo SYDNEY (AFP): Australia is sending its biggest ever team of mining suppliers to an international exhibition in Jakarta this month as part of its push for a bigger share of South-East Asia's mining services market, officials said yesterday.

Govt tightens control on state firms

Govt tightens control on state firms JAKARTA (JP): The Ministry of Finance yesterday issued a new ruling that imposes tighter controls on the widely criticized operations of state-owned companies. Ruling No. 489/KMK.

Transportation fees

Transportation fees From Media Indonesia I appreciate the Minister of Transportation's strong opposition to the proposal to raise bus fares. This is certainly done for public interest, but doesn't mean the fate of the bus companies and their employees is being ignored.

Abilio ordered to lift rule on mosque restoration

Abilio ordered to lift rule on mosque restoration JAKARTA (JP): Minister of Home Affairs Moch. Yogie S.M. has ordered East Timor governor Abilio Jose Osorio Soares to rescind a governor's decree that has kept the minority Moslem community in the territory from repairing their mosques. H.S.A.

Keating will be the key to APEC accord in Osaka

Keating will be the key to APEC accord in Osaka CANBERRA (Agencies): Australian Prime Minister Paul Keating will play a key role in heading off a bid by four Asian economies to exclude farm trade from a free trade blueprint at the upcoming APEC summit, Trade Minister Bob McMullan predicted...

Seoul summons five more tycoons

Seoul summons five more tycoons SEOUL (Reuter): State prosecutors grilled top South Korean business leaders yesterday and summoned another five to probe their links with former president Roh Tae-woo's US$654 million slush fund.

E. Timorese leave for Portugal

E. Timorese leave for Portugal JAKARTA (JP): Eight young East Timorese left Jakarta on an Amsterdam-bound KLM flight last night to start a new life in Portugal after their request for asylum was granted through the Dutch embassy.

Mayor defends demolitions

Mayor defends demolitions JAKARTA (JP): West Jakarta Mayor Sutardjianto has defended last week's demolition of shanties on the banks of the Angke River. In his written report to the city governor, Sutardjianto said that the demolitions had been carried out properly.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 8, 1995: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,150 0 0 AHAP Insurance 3,225 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 1,800 -50 142,500 Aneka...

Personnel shortage leaves shanties in place

Personnel shortage leaves shanties in place JAKARTA (JP): The city administration just doesn't have enough people to keep shantytowns from springing up, Toha Reno, the head of the city's public order office says.

Old tomb may be of Gajah Mada

Old tomb may be of Gajah Mada BANDAR LAMPUNG, Lampung: An official team from Jakarta recently visited Pugung Tampak, a village in the Pesisir Utara district, to look at an old tomb which may belong to Gajah Mada, the prime minister of the 14th-century Majapahit kingdom.

Asian markets bearish, Manila defies trend

Asian markets bearish, Manila defies trend HONG KONG (Reuter): Asian stock markets turned bearish yesterday as Tokyo failed to attract buyers for a second day while a political scandal continued to drag down the Seoul market, brokers said.

Spotlight

Spotlight Photo A: Aid DONATION FOR KERINCI: Vatican ambassador to Indonesia Pronuncio Mgr. Pietro Sambi hands over a US$15,000 donation from Pope John Paul II to RM. R. Hardaputranta, director of Caritas Indonesia.

LBH chief appointed

LBH chief appointed YOGYAKARTA: The Indonesian Legal Aid Foundation has agreed on a compromise candidate to head its representative office here. Budi Santoso, who did not win a single vote at the last election for the chairmanship of Yogyakarta's Legal Aid Institute (LBH), was installed on...

Farm lobbies prepare for APEC

Farm lobbies prepare for APEC By Jack Taylor SYDNEY (AFP): Wielding political clout and war chests brimming with cash, the agricultural lobbies in key Asia-Pacific economies may determine whether next week's APEC meeting in Osaka is a success or a dismal flop.

Persib to host Asian Cup quarters

Persib to host Asian Cup quarters JAKARTA (JP): Persib Bandung has been chosen by the Asian Football Confederation (AFC) to host the Champions Cup league quarterfinals Group East at the end of the month.

Developers welcome idea of added bus service

Developers welcome idea of added bus service JAKARTA (JP): The idea proposed by the PPD state-owned bus company to provide public transportation services to newly opened housing estates was warmly welcomed by developers yesterday.

Police hunt Ecstasy traffickers

Police hunt Ecstasy traffickers JAKARTA (JP): Police have compiled a list of about 100 people which they say are their most-wanted suspects in relation to the trafficking and use of the drug "Ecstasy" in Indonesia.

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.

Governor warns of floods

Governor warns of floods JAMBI (JP): Officials must remain on the alert for floods and landslides following last month's earthquake, which killed 80 villagers and damaged hundreds of buildings, Jambi Governor Abdurrachman Sayoeti has said.

Assuring foreigners' safety

Assuring foreigners' safety Japanese businessmen are complaining; not about complicated bureaucratic licensing procedures but about daily living comforts in Jakarta. In a meeting with the National Police Deputy of Operations, which was meant to be an exchange of information about business...

Forest biodiversity under threat: Locals

Forest biodiversity under threat: Locals JAKARTA (JP): Four forest inhabitants yesterday related their experiences in an effort to show just how serious is the threat to biodiversity in their immediate surroundings.

Print media may be extinct in 2005: Publisher

Print media may be extinct in 2005: Publisher NUSA DUA, Bali (JP): Roger F. Fidler, an internationally- recognized electronic publishing visionary from the United States, foresees the end of print media in about the year 2005.

ADB invests in firm

ADB invests in firm MANILA (Reuter): The Asian Development Bank (ADB) said yesterday it had approved a 3.0 billion yen (US$29.1 million) investment in Asian Infrastructure Development Co Ltd (AIDEC), a multilateral investment company aimed at financing infrastructure projects in Asia.

Govt to stay out of Ikadin affairs

Govt to stay out of Ikadin affairs YOGYAKARTA (JP): Minister of Justice Oetojo Oesman promised yesterday that the government will stay out of the affairs of the Indonesian Bar Association (Ikadin). In his speech opening Ikadin's congress, Oetojo said he had neither the ability nor the intention to...

Telkom fully subscribed

Telkom fully subscribed JAKARTA (JP): PT Telkom shares which were offered domestically last week have been fully subscribed, the company said. Telkom announced on Tuesday that 21 government-related institutions bought 373.3 million out of the 1.17 billion shares (which will account for 12.

Trial of Bintang adjourned due to lawyers' absence

Trial of Bintang adjourned due to lawyers' absence JAKARTA (JP): The Central Jakarta District Court failed to arraign yesterday controversial politician Sri Bintang Pamungkas, who is facing charges of insulting President Soeharto, because his lawyers failed to show up.

TV today

TV today TVRI 2:35 p.m. TV Series: Ultraman 3:05 Morning Chat 3:30 TV Series: Harapan Nan Sirna 4:30 Women's World 5:00 Regional News 5:30 Arabic Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Islam 7:00 Evening News 7:30 TV Drama:...

Morning TV broadcast

Morning TV broadcast From Neraca I like the programs aired by private television stations, but sometimes I turn to the government station if they have interesting programs. I notice that there is tight competition among the private television stations.

Three missing in boat accident

Three missing in boat accident PALANGKARAYA, Central Kalimantan: Rescue workers were still searching yesterday for the bodies of three men who drowned after an accident on the Antasan Nusa river on Monday.