Indonesian Political, Business & Finance News

Archive: 20 April 1995

48 articles found

Govt sanctions insurers

<p>Govt sanctions insurers</p><p> JAKARTA (JP): The Ministry of Finance announced yesterday that it has prohibited two insurance companies, PT Maskapai Asuransi Teladan and PT Maskapai Asuransi Timur Besar, from making new transactions due to their excessive losses.

Dynaplast to give dividends

<p>Dynaplast to give dividends</p><p> JAKARTA (JP): PT Dynaplast, a producer of plastics, will distribute 1994 book-year dividends of Rp 75 (3.24 U.S. cents) per share to its shareholders.

Malaysian banks raise lending rates

<p>Malaysian banks raise lending rates</p><p> KUALA LUMPUR (AFP): Malaysian commercial banks have been steadily raising base lending rates (BLRs) since January, prompted by central Bank Negara's continued tight monetary policy to check inflation, analysts said yesterday.

Don't let them sing on buses

<p>Don't let them sing on buses</p><p> From Neraca</p><p>Bus passengers do not always feel entertained by the people who sing on buses, and after one or two songs they ask for money from the passengers.

Broadway show by RP artists

<p>Broadway show by RP artists</p><p> JAKARTA (JP): Repertory Philippines, a theater group from the Philippines, will present a lively musical revue of the most popular songs from Broadway tonight and tomorrow.

Bintang's house attact

<p>Bintang's house attact</p><p> JAKARTA (JP): The house of Sri Bintang Pamungkas was vandalized in the early morning hours yesterday as a police investigation of the controversial legislator continues into his alleged role in an anti-Indonesian government demonstration in...

Meeting to discuss franchise

<p>Meeting to discuss franchise</p><p> JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) announced yesterday that it will hold a three-day international conference on franchise business development here on May 11 to May 13.

Mahathir expels party members over candidacy

<p>Mahathir expels party members over candidacy</p><p> KUALA LUMPUR (AFP): Prime Minister Mahathir Mohamad yesterday announced the expulsion of 10 members of his political party standing as independent candidates in Malaysia's ninth general elections next week.

Australia and Singapore may sign accord soon

<p>Australia and Singapore may sign accord soon</p><p> SYDNEY (AFP): Australian defense chiefs are close to winning a lucrative contract to allow up to 1,200 Singaporean military personnel a foothold on the country's eastern coast, officials said yesterday.

Ramos dismisses threat of war with China

<p>Ramos dismisses threat of war with China</p><p> MANILA (Agencies): Philippine President Fidel Ramos dismissed yesterday reports of a potential war with China over the disputed Spratlys islands, and reiterated his commitment to a peaceful resolution of the row.

Elite army force told to secure 1997, 1998 elections

<p>Elite army force told to secure 1997, 1998 elections</p><p> JAKARTA (JP): Army Chief of Staff Gen. R. Hartono yesterday ordered the Army's elite unit, Special Force Command (Kopassus), to help secure the general elections in 1997 and the presidential election the following...

Cement price will fall to govt levels: Tunky

<p>Cement price will fall to govt levels: Tunky</p><p> JAKARTA (JP): Minister of Industry Tunky Ariwibowo guaranteed yesterday that cement prices at market places would soon go down to the levels of the government-set "retail prices".

New maps of Jakarta not widely used

<p>New maps of Jakarta not widely used</p><p> JAKARTA (JP): The offices and agencies of the capital have yet to fully utilize the maps designed by the City Mapping and Land Measurement Office in planning activities although the maps contain comprehensive information.

New joint venture formed to build cement plant

<p>New joint venture formed to build cement plant</p><p> JAKARTA (JP): Korea Development Co. Ltd. (Kodeco), Marubeni Corp. of Japan and Indonesia's Indocement Group set up a joint venture company yesterday to develop and operate a US$488 million cement plant, with an annual...

Museno warns educators

<p>Museno warns educators</p><p> JAKARTA (JP): The deputy governor responsible for people's welfare, RS Museno, has reminded the people running education foundations not to let business interests reign in their management.

Street vendors registered

<p>Street vendors registered</p><p> JAKARTA (JP): A combined team from South Jakarta's security and order office succeeded on Tuesday in registering about 900 street vendors, who trade near markets located in and around Kebayoran Lama.

Where to go in Jakarta:

<p>Where to go in Jakarta:</p><p>Music</p><p> * The Aryaduta Jakarta, Jl. Prapatan 44-48, Central Jakarta:</p><p>- Ambiente Italian Restaurant: Bonauli vocal group, Thursday, Friday and Saturday from 7 p.m. to 11 p.m.

Anticipating social change in RI (2)

<p>Anticipating social change in RI (2)</p><p>By Ignas Kleden</p><p> This is the second of two articles on development and the accompanying changes the people have to face.

RP to trace route of 10 apes

<p>RP to trace route of 10 apes</p><p> MANILA (AFP): They weren't being used to smuggle illegal drugs, but why 10 endangered African apes were brought into this country from Pakistan remains a mystery, Philippine wildlife officials said here yesterday.

Students don't like informants

<p>Students don't like informants</p><p> SEMARANG, Central Java: About 1,000 students of the Diponegoro University staged a protest demanding that rector Muladi remove intel, or plain-clothes intelligent officers, from the campus.

Telkom, Indosat seek investors for new project

<p>Telkom, Indosat seek investors for new project</p><p> JAKARTA (JP): The two state-owned telecommunications operators, PT Telkom and Indosat, are now selecting foreign investors to join in their new joint digital cellular telecommunications project.

Magic Johnson's visit in doubt

<p>Magic Johnson's visit in doubt</p><p> JAKARTA (JP): A plan to bring National Basketball Association living legend Ervin "Magic" Johnson to Indonesia has received another blow: Johnson has another engagement.

Investment up in RP

<p>Investment up in RP</p><p> MANILA (AFP): Investments in a former U.S. military base north of Manila have reached 7.2 billion pesos (US$276.9 million) as of March, the agency transforming the area into an economic zone said yesterday.

Government lowers low-cost housing prices

<p>Government lowers low-cost housing prices</p><p> JAKARTA (JP): The government announced yesterday that it will reduce the prices of low-cost housing in line with its recent decision to bring down cement prices.

Victims' heirs receive payments

<p>Victims' heirs receive payments</p><p> JAKARTA (JP): Heirs of the victims of a recent flash food, which happened in Bogor's Curug Nangka nature park and camping ground, West Java, will get insurance compensation from the Jasaraharja Putra insurance company.

Governor backs Megawati leadership

<p>Governor backs Megawati leadership</p><p> BANDUNG, West Java: Chief of the Indonesian Democratic Party (PDI) met with Governor R. Nuriana yesterday to find a solution to the long-standing leadership conflict in the local chapter.

Australian found dead in Bali

<p>Australian found dead in Bali</p><p> DENPASAR, Bali: An Australian tourist drowned near the Legian Beach in Kuta yesterday, the Antara news agency reported.</p><p>According to local police spokesman Lt. Col.

Military backs Aussie rejection of Timorese

<p>Military backs Aussie rejection of Timorese</p><p> JAKARTA (JP): A senior military official proposed yesterday that Indonesia close its territory to young East Timorese whose political asylum bid has been rejected by Australia.

Floods hit E. Kalimantan

<p>Floods hit E. Kalimantan</p><p> SAMARINDA, East Kalimantan: Incessant downpours during the past week have triggered floods, that swept through at least four villages in the Sambaliung district in the Berau regency, forcing 1,900 people to seek refuge.

U.S. human rights team's visit

<p>U.S. human rights team's visit</p><p> The visit of the U.S. human rights team led by Deputy Secretary of State John Shattuck may become an important and interesting subject of discussion.

Kuwait may invest in bridges and oil fields

<p>Kuwait may invest in bridges and oil fields</p><p> JAKARTA (JP): Kuwaiti Prime Minister Sheikh Saad Al-Abdullah Al-Salem Al-Sabah left Jakarta for Bali yesterday, after promising officials here that his country would invest in infrastructure development in Indonesia.

Stock Exchange

<p>Stock Exchange</p><p>Share prices on the Jakarta Stock Exchange (in rupiah) on April 19, 1995:</p><p> Trading Shares Close Change Volume ------------------------------------------------------ ADES ALFINDO 2,675 0 AHAP INSURANCE 3,300 0 ALUMINDO PERKASA 1,100 18,000...

Taman Ria Remaja to be renovated

<p>Taman Ria Remaja to be renovated</p><p> JAKARTA (JP): Private developer PT Ariobimo Perkasa in cooperation with the Ria Pembangunan organization will renovate Taman Ria Remaja in Central Jakarta into a modern recreation center.

Soeharto tells embassies to protect RI workers

<p>Soeharto tells embassies to protect RI workers</p><p> JAKARTA (JP): President Soeharto called on all Indonesian embassies yesterday to protect Indonesian workers abroad and to extend assistance whenever required.

Convicted killer Yongki doesn't fear execution

<p>Convicted killer Yongki doesn't fear execution</p><p> JAKARTA (JP): Even though the date of his execution is believed to be just few days away, 35-year-old convicted murderer Kartacahyadi, alias Yongki, has shown no fear to face a group of armed personnel who will end his...

Yorrys goes free, police dumbfounded

<p>Yorrys goes free, police dumbfounded</p><p> JAKARTA (JP): City Police have expressed dissatisfaction with a panel of judges and their decision on Monday to clear Yorrys Raweyai, an executive of the powerful Pemuda Pancasila youth organization, and his six accomplices of...

Crucial historic milestones

<p>Crucial historic milestones</p><p> I would like to comment on the legal and political identity of Indonesia, as conceived by the New Delhi Conference on Indonesia of Jan. 20-22, 1949.

House commission wants better haj arrangements

<p>House commission wants better haj arrangements</p><p> JAKARTA (JP): Commission IX of the House of Representatives has called for better coordination between the national government and provincial and regency governments in organizing future haj pilgrimage operations.

Moslem leaders visit Permadi, express support

<p>Moslem leaders visit Permadi, express support</p><p> JAKARTA (JP): Two of Indonesia's most influential Moslem leaders visited detained soothsayer Permadi Satrio Wiwoho yesterday in an unusual show of defense for the mystic facing blasphemy charges.

Mahathir to keep his word: Analysts

<p>Mahathir to keep his word: Analysts</p><p>By Barani Krishnaan</p><p> KUALA LUMPUR (AFP): Prime Minister Mahathir Mohamad is criss- crossing Malaysia dangling promises the opposition claims are only meant to win votes in upcoming polls, but analysts say the economy...

Immigration office gets new chief

<p>Immigration office gets new chief</p><p> JAKARTA (JP): Head of the Jakarta office of the Ministry of Justice Moh. C. Alamsyah Boer has installed Tumper Eddy Suryanto as the new head of the East Jakarta immigration office, replacing Lukmihardi.

City to host seminar on drug

<p>City to host seminar on drug</p><p> JAKARTA (JP): The city will host a five-day course about drug prevention beginning Tuesday next week.</p><p>The April 25 - 29 course at the Graha Kencana BKKBN guest house in East Jakarta will be attended by 12 reporters from...

Shooting of Thai protested

<p>Shooting of Thai protested</p><p> BANGKOK (AFP): Thailand yesterday formally protested the killing of a Thai national at the border with Burma earlier this month and demanded that Rangoon compensate the victim's relatives.

Project chiefs to face carrot, stick

<p>Project chiefs to face carrot, stick</p><p> JAKARTA (JP): Governor Surjadi Soedirdja says managers of city owned projects should be rewarded or, if necessary, punished, according to the outcome of the projects for which they are responsible.

Larger haj dorm needed

<p>Larger haj dorm needed</p><p> JAKARTA (JP): Minister of Religious Affairs Tarmizi Taher says a larger haj dormitory is needed because the current dormitory in Pondok Gede can no longer accommodate the ever increasing number of prospective haj pilgrims.

Rookie athletes for Thai Open

<p>Rookie athletes for Thai Open</p><p> JAKARTA (JP): Rookie short-distance runners form the backbone of the Indonesian team of eight for the Thailand Open track and field meet in Bangkok which starts today.

Spotlight

<p>Spotlight</p><p>Photo A: SAA</p><p>NEW AIRLINE: Mike van Niekerk (right), regional manager of South African Airways for Singapore, Malaysia, and Indonesia chats with Indonesian Ambassador to South Africa Rochadi Iskandar (left), and J.

Citibank has new RI chief

<p>Citibank has new RI chief</p><p> JAKARTA (JP): The United States based Citibank has appointed Colin G. Woolcock as new general manager of its Indonesian operations.</p><p>The bank explained in a statement made available yesterday that Woolcock replaced Maarten J.