Indonesian Political, Business & Finance News

Archive: 7 December 1995

52 articles found

Shaw wins contracts

Shaw wins contracts BATON ROUGE, USA (Reuter): Shaw Group Inc. said it has received contracts totaling about US$14 million. The contracts cover the design, pipe fabrication and related materials for two 660 megawatt coal fired power plants in Indonesia and the pipe fabrication of a specialty...

S. Africa, Russia eye SE Asian defense market

S. Africa, Russia eye SE Asian defense market LANGKAWI, Malaysia (AFP): Major military equipment manufacturers including South Africa and Russia are eying the Southeast Asian market, with Malaysia as a possible gateway into the region, officials said yesterday.

Artists reminded about security

Artists reminded about security JAKARTA (JP): President Soeharto said yesterday that the government understands the need for a conducive artistic climate but that national security takes priority. "We can all work together to create conditions and opportunities (for artists to create)...

Harmoko appeals to Supreme Court over 'Tempo'

Harmoko appeals to Supreme Court over 'Tempo' JAKARTA (JP): Minister of Information Harmoko, whose decision to close Tempo news magazine was recently overruled by the Jakarta High Administrative Court, announced yesterday that he had filed an appeal with the Supreme Court, his last and only legal...

SE Asia in dress rehearsal for Atlanta Olympics

SE Asia in dress rehearsal for Atlanta Olympics CHIANG MAI, Thailand (AFP): Former British distance runner Yvonne Danson joins more than 4,000 home-grown athletes in this Thai resort for the 10-nation Southeast Asian Games from Saturday in the last major rehearsal for the 1996 Atlanta Olympics.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 6, 1995: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 975 0 0 AHAP Insurance 2,600 -600 15,000 Alumindo Perkasa 1,150 0 0 Andayani Megah 1,800 -25 138,500...

Joedono removed in cabinet reshuffle

Joedono removed in cabinet reshuffle JAKARTA (JP): President Soeharto in an unprecedented move yesterday reshuffled his cabinet, merging the industry and trade ministries into one, and leaving trade minister Satrio Budiardjo Joedono without a job.

Elang Realty raises loan

Elang Realty raises loan JAKARTA (JP): PT Elang Realty, a property company listed on the Jakarta Stock Exchange (JSX), secured a loan commitment of US$22 million here yesterday from a syndication of seven domestic banks.

Gold project encouraging

Gold project encouraging PERTH (Reuter): Gwalia Consolidated Ltd. said yesterday was encouraged by results from an initial exploration program carried out at the Sulut gold prospect in Indonesia. Gwalia has a 26 percent interest in Pacific Wildcat Resources Corp (PAW) which holds a 70 percent stake...

Corporate crime rising steadily, expert says

Corporate crime rising steadily, expert says SEMARANG (JP): Corporate crime has been rising quietly in Indonesia with law enforcers either too ignorant or unable to stop the trend, a leading criminologist said yesterday.

Jakarta names Wirjono ambassador for Canberra

Jakarta names Wirjono ambassador for Canberra JAKARTA (JP): President Soeharto selected senior diplomat Wirjono Sastrohandojo, currently Jakarta's envoy to France, as Indonesia's new ambassador for Australia, ending months of controversy and speculation about who should fill the post.

German tourist drowned in Aceh

German tourist drowned in Aceh BANDA ACEH, Aceh: Police have launched a massive search for a German tourist who was drowned in the Kali Mas River in Badar, Southeast Aceh, on Monday, Antara reported. The news agency said Tim Klenke, 24, was crossing the river with two compatriots and an Indonesian...

Indonesia's economy may continue growing next year

Indonesia's economy may continue growing next year JAKARTA (JP): Indonesia's economy will likely grow at a higher rate next year but overheating will continue to haunt it, a noted economist said. "Our economic growth will slightly surpass this year's growth of 7.

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.

Rickshaw driver killed in crash

Rickshaw driver killed in crash CIREBON, West Java: A rickshaw driver was killed in a crash involving two trucks and an intercity bus on a main highway in Cirebon on Tuesday. The 35-year-old rickshaw driver was slammed by one of the trucks as it collided with the bus on Jl.

Solving traffic jams

Solving traffic jams Sony Soeryadi's suggestion entitled 'Reducing traffic jams' (The Jakarta Post, Dec. 4, 1995) is in my opinion as a layman most reasonable. I happen to know that the system "going by private car from home to a railway station, parking the car in a certain parking place nearby,...

Illegal labor export probed

Illegal labor export probed JAKARTA (JP): City police are continuing their investigation into two illegal attempts to send 10 Indonesian women to work in Saudi Arabia and Brunei Darussalam last month. Chief of the Association of Labor Export Companies, Mahfut Djaelani, said yesterday that five of...

ICMI expected to shed image as sectarian group

ICMI expected to shed image as sectarian group SEMARANG, Central Java (JP): Political observers are greeting the second congress of the influential Association of Indonesian Moslem Intellectuals (ICMI) with criticism.

Award for jailed reporter

Award for jailed reporter JAKARTA (JP): Ahmad Taufik, imprisoned former Tempo reporter, is one of five journalists named for this year's Freedom Awards, conferred by the New York-based Committee to Protect Journalists, Reuters reported yesterday.

Adrianus to take on Amando here

Adrianus to take on Amando here JAKARTA (JP): Indonesian Orient and Pacific Boxing Federation lightweight champion Adrianus Taroreh will take on Mexico's Amando Ignacio Yaco Me in a non-title bout here on Sunday.

The ICMI phenomenon

The ICMI phenomenon For a five-year-old organization, the special spotlight focused on the second congress of the Association of Indonesian Moslem Intellectuals (ICMI), which starts today in Jakarta, is unusual. But, then again, ICMI is no ordinary organization.

TV today

TV today TVRI 2:30 p.m. Travel: Face of My Country 2:35 TV Series: Ultraman 3:00 Talks Show: Mr. AT Machmud 3:30 TV Drama: Harapan Nan Sirna 4:00 Regional News 4:05 TV Drama: Harapan Nan Sirna (continued) 5:30 Arabic Lessons 6:00 Regional News 6:05 Nusantara, the Beloved Country: Bengkulu 6:25...

Political worries

Political worries On Monday, November 12, 1995, The Jakarta Post reported that a Golkar official had made his worries known about the emergence of new organizations under the names of defunct political parties. Mr. Gafur suspects that such organizations could undermine nationalism and unity.

Internet providers have good business prospects

Internet providers have good business prospects JAKARTA (JP): Business prospects for service and information- providers of the Internet superhighway are still good, but the network's rapid growth in Indonesia may slow down if the government decides it has a negative impact, an academician says.

ICMI begins second congress

ICMI begins second congress By Santi WE Soekanto JAKARTA (JP): President Soeharto will open today the second congress of the Association of Indonesian Moslem Intellectuals, a Rp 2 billion (US$ 878,734) gathering of some 1,000 leading members.

Real estate agents' body calls for city land bank

Real estate agents' body calls for city land bank JAKARTA (JP): The Association of Indonesian Real Estate Agents has urged the city administration to set up a land bank to manage ready-to-build plots of land as well as reclaimed land.

Ramos defends privatization plans

Ramos defends privatization plans MANILA (AFP): President Fidel Ramos yesterday defended government plans to privatize some services to state-run hospitals and schools. "There is no intention on the part of this administration to let go of those functions and responsibilities which are purely...

Plywood firm fires 1,100 workers

Plywood firm fires 1,100 workers SAMARINDA, East Kalimantan: A troubled plywood company has finally decided to lay off all its 1,100 workers after retaining them on the payroll for over a year without any activity.

BSP profit rises 80%

BSP profit rises 80% JAKARTA (JP): The publicly-listed Bakrie Sumatera Plantations (BSP) booked sales of Rp 462.5 billion (US$201.3 million) in the third quarter of this year, indicating a 109 percent increase over the same period of last year.

Man jailed for attempted murder

Man jailed for attempted murder PALANGKA RAYA, Central Kalimantan: A man was sentenced to nine years imprisonment for trying to set fire to a pilot and copilot during a local flight last March. Hotman Siahaan, 30, was found guilty by the local district court on Tuesday for attempted murder, Antara...

Jak-Jazz '95 revives debate over essence of jazz

Jak-Jazz '95 revives debate over essence of jazz By Johannes Simbolon JAKARTA (JP): The old debate over the essence of jazz and its possibility to blend with ethnic music has resurfaced as the Jak- Jazz festival nears.

'Family row behind killing'

'Family row behind killing' JAKARTA (JP): Police are speculating that a family argument is behind the killing of Oos Rosidin in his home in Pondok Bambu, East Jakarta on Monday. A reliable police source said yesterday that statements made by the housemaid state that on the night before the killing...

Artists debate ways of fighting off restrictions

Artists debate ways of fighting off restrictions JAKARTA (JP): The establishment of a legal aid center for artists was suggested yesterday in a discussion on arts and the law. Another suggestion was that legislators should use their right of initiative to review the regulations on permits for...

ASEAN at odds on RI tariff reduction plan

ASEAN at odds on RI tariff reduction plan By Meidyatama Suryodiningrat BANGKOK (JP): Senior officials of the Association of Southeast Asian Nations (ASEAN) yesterday failed to reach a consensus allowing Indonesia to withdraw 15 products from the list of its hasty tariff reductions, thus forcing the...

Govt asked to be more disciplined on budget

Govt asked to be more disciplined on budget JAKARTA (JP): The Budgetary Commission of the House of Representatives urged the government yesterday to be more disciplined in implementing its budgetary plans.

Trade-industry ministry merger hailed

Trade-industry ministry merger hailed JAKARTA (JP): The government's decision to merge the ministries of industry and trade was lauded by economists and politicians as timely and strategic for the economy.

Buying back history: Cartier exhibit in Jakarta

Buying back history: Cartier exhibit in Jakarta By Dini S. Djalal JAKARTA (JP): The treasures inspired by the travels of infamous jewelers the Cartier brothers have returned to the continent of their inspiration.

Fair competition vital for future survival: Expert

Fair competition vital for future survival: Expert JAKARTA (JP): Fair competition and more incentives at home will enhance the competitiveness of Indonesia's manufactured products overseas, an expert said yesterday.

Irregularities found in Kapuk land deal

Irregularities found in Kapuk land deal JAKARTA (JP): City administration has found irregularities in the deal between the local authorities and the owners of a 16- hectare plot in Kapuk Muara, West Jakarta.

RP military mobilization deplored

RP military mobilization deplored ZAMBOANGA, Philippines (Reuter): A Moslem community leader has condemned government troop movements in the southern Philippines, saying Manila is wrong to prepare for war while supposedly negotiating peace with Moro rebels.

Ministry revises agreement on identity card fee

Ministry revises agreement on identity card fee JAKARTA (JP): Authority for setting the fee for ID cards has been "returned" to provincial administrations after the Ministry of Home Affairs revised its agreement with a private firm appointed to produce the new cards.

ALatieF to set up new hotel in Ujungpandang

ALatieF to set up new hotel in Ujungpandang JAKARTA (JP): ALatieF Corporation, a private firm owned by Minister of Manpower Abdul Latief, will expand its hotel business to Ujungpandang in South Sulawesi through its subsidiary PT Pasaraya Hotel International.

Mickey comes to town

Mickey comes to town JAKARTA (JP): Six of Disney's best-loved characters will parade along Jl. Thamrin tomorrow to greet their Indonesian fans. Mickey, Minnie, Donald, Winnie the Pooh, Snow White and Ariel The Little Mermaid are here to perform in the show "Disney's Magical Memories" this month at...

Indonesia routs Cambodia 10-0

Indonesia routs Cambodia 10-0 JAKARTA (JP): Indonesia opened up a chance of making an appearance in the semifinal at the 18th Southeast Asian soccer competition with a 10-0 rout of lowly Cambodia yesterday.

Quake destroys five houses

Quake destroys five houses DILI, East Timor: Five buildings tumbled when a powerful earthquake rocked the town of Maliana on Tuesday, Antara reported. A church and the regency administration office were partially damaged by the quake, which measured 5.7 on the Richter scale, the news agency said.

Police witness confirms kidnapping allegations

Police witness confirms kidnapping allegations JAKARTA (JP): A police officer taking the witness stand yesterday in the trial of two men charged with the kidnapping and torture of a businessman confirmed the roles of both accused in the alleged crime. Sgt.

Ever Shine to acquire two other companies

Ever Shine to acquire two other companies JAKARTA (JP): Independent shareholders in publicly-listed synthetic fabric manufacturer PT Ever Shine Textile Industry gave their approval yesterday to the company's plan to acquire two other textiles firms at a cost of Rp 12 billion (US$5.22 million).

Indonesian athletes pour into Chiang Mai

Indonesian athletes pour into Chiang Mai JAKARTA (JP): Indonesia's huge team poured into Chiang Mai, Thailand yesterday as the 18th Southeast Asian Games three-day count-down began. The squad of 386 athletes led by Arie Sudewo decamped in Thailand's second largest city yesterday morning fully...

Coffee prices

Coffee prices Your article in The Jakarta Post on Dec. 4, 1995, about the 50 percent decline in coffee prices on the world market was good news. In the article you also mentioned that coffee is cheaper on supermarket shelves around the world.

Improve tourism promotion: Soeharto

Improve tourism promotion: Soeharto JAKARTA (JP): President Soeharto inaugurated tourism, post and telecommunications projects worth Rp 3.83 trillion (US$1.7 billion) here yesterday, while calling for improved promotion and services in the tourism industry.

Judges turn down Bintang's defense

Judges turn down Bintang's defense JAKARTA (JP): The Central Jakarta District Court ruled yesterday to proceed with the trial of controversial politician Sri Bintang Pamungkas, who has been charged with insulting President Soeharto.

'Asia Times' rolls off presses

'Asia Times' rolls off presses BANGKOK (AFP): The first edition of the Asia Times, a regional business daily billed as Asia's answer to the Wall Street Journal and the Financial Times, rolled off the presses in three Asian cities yesterday.