Indonesian Political, Business & Finance News

Archive: 3 May 1995

43 articles found

KL steps up bid to ease traffic jams

KL steps up bid to ease traffic jams KUALA LUMPUR (AFP): Malaysia has intensified its bid to encourage car-pooling with new advertisements which suggest ugly mobile urinals would hit the roads unless motorists in traffic- choked Kuala Lumpur comply with the campaign, a report said yesterday.

Japfa gets $150m loan

Japfa gets $150m loan JAKARTA (JP): PT Japfa Comfeed Indonesia announced yesterday that it has signed an agreement on a syndicated loan of US$150 million provided by 25 European and Japanese banks. In a statement released here, Osa Masong, of Japfa Comfeed said that the syndicated loan, under the...

DAP crippled after defeat

DAP crippled after defeat KUALA LUMPUR (AFP): Malaysia's largest opposition party yesterday warned that its ability to monitor government activities had been severely crippled after its devastating defeat in recently-concluded elections.

Stalls demolished

Stalls demolished From Media Indonesia On April 25, 1995, the local government, regional military command and the district Police demolished the dimly illuminated stalls/bars situated in Parung, West Java. The stalls were apparently used as places of entertainment and busily frequented every night.

Dutch pair gather momentum

Dutch pair gather momentum JAKARTA (JP): Dutch duo Paul Haarhuis and Jacco Eltingh progressed in leaps and bounds in their quest for the year-end ATP World Doubles Championship finals appearance in Jakarta after winning the Monte Carlo Open over the weekend.

India's exports rise

India's exports rise NEW DELHI (AFP): India's exports rose to US$26.2 billion in fiscal 1994-95 from $22.1 billion the previous year but imports also grew, Commerce Minister Palaniappan Chidambaram said yesterday.

Sri Bintang's replacement

Sri Bintang's replacement Sri Bintang Pamungkas, who was withdrawn from the United Development Part (PPP) faction in the House of Representatives, will be replaced by Hadimulyo. The decision was made public by the general chairman of the party in Jayapura on Sunday evening.

Lampung is losing farmers

Lampung is losing farmers BANDAR LAMPUNG, Lampung: The government must accelerate the pace of industrialization in order to stem the flow of farmers leaving the province, an official says. Head of the provincial office of the Ministry of Agriculture, Thamrin Bastari, said that hundreds of young...

Disputes over tax settled

Disputes over tax settled JAKARTA (JP): Labor disputes between workers and management in two garment companies in Cimanggis, Bogor, over confusion on the deduction of income taxes from the workers' salaries, have been settled under government mediation.

Alatas joins final phase of NPT debate

Alatas joins final phase of NPT debate JAKARTA (JP): Minister of Foreign Affairs Ali Alatas leaves Jakarta for New York this evening to attend the decisive final week of the Review Conference on the Nuclear Non-Proliferation Treaty (NPT) at the United Nations headquarters.

U.S. opposition endangers ADB's concessional fund

U.S. opposition endangers ADB's concessional fund AUCKLAND (AFP): An Asian Development Bank (ADB) concessional fund for Asia's poorest countries is in danger of running out next year following U.S. opposition to talks on replenishing it, a senior bank source said here yesterday.

Metromini driver gets 15 years

Metromini driver gets 15 years JAKARTA (JP): A bus driver whose reckless driving last year caused the deaths of 33 passengers in North Jakarta was convicted of murder yesterday and sentenced to 15 years in jail.

Local firms delay floating shares

Local firms delay floating shares JAKARTA (JP): Most companies planning to float their shares on the local capital market this year are likely to delay their initial public offerings (IPOs) due the prevailing weak sentiment. Victor W.

Indonesia eying world mixed team title

Indonesia eying world mixed team title JAKARTA (JP): Indonesia is preparing for the Sudirman Cup mixed team championships on a larger scale than it is for the World Championships, when the two major badminton tournaments are on stage in two week's time in Switzerland.

Ong hopes for stroger cooperation

Ong hopes for stroger cooperation SINGAPORE (AFP): Singapore and Australia should work together to explore burgeoning business opportunities in Asian markets such as Indonesia, Singapore President Ong Teng Cheong said Tuesday.

Ban on farming in Bekasi queried

Ban on farming in Bekasi queried JAKARTA (JP): Dozens of farmers in Tarumajaya village in Bekasi have questioned PT Putra Duta Mahkota's decision to ban them from working on their rice fields. The farmers, who started cultivating the 8.

Happy holidays

Happy holidays I and a group of colleagues decided to escape Jakarta and spend the Easter weekend at Pondok Dewata Seaside Cottage (PDSC) in Pelabuhan Ratu, where I had stayed on numerous occasions and had an enjoyable time.

Stock Exchange

Stock Exchange Share prices on the Jakarta Stock Exchange (in rupiah) on May 2, 1995: Trading Share Close Change volume ------------------------------------------------------ ADES ALFINDO 2,725 0 AHAP INSURANCE 3,300 0 ALUMINDO PERKASA 1,100 0 ANDAYANI MEGAH 1,950 125 360,000 ANEKA KIMIA RAYA 5,400...

Govt takes over project for oil, gas office

Govt takes over project for oil, gas office JAKARTA (JP): The government has taken over a project to build an oil and gas business center at the Thamrin thoroughfare and canceled its build-operate-transfer contract with the project's developer, PT Petrobuild Indonesia.

Monopoly of Chinese drug trade opposed

Monopoly of Chinese drug trade opposed By K. Basrie JAKARTA (JP): Local merchants of Chinese traditional medicines have declared their opposition to a private firm's control over the importation of the popular medicines through a state- sponsored compulsory labeling system.

Use of stickers

Use of stickers On April 19, 1995, The Jakarta Post reported an interview given by the city council's Chairman of Commission C, H Helmy AR Syihap, that the three-in-one regulation should be replaced by the use of stickers.

Truck drivers most reckless toll users

Truck drivers most reckless toll users JAKARTA (JP): The National Police have singled out truck drivers as the most reckless toll road users in Indonesia. Police spokesman Brig. Gen. I Ketut Ratta said yesterday that the numerous traffic violations on toll roads showed that the discipline of...

Independent body will manage waterfront city

Independent body will manage waterfront city JAKARTA (JP): The municipal administration will form an independent authority to manage the development of the new waterfront city in North Jakarta. Head of the City Development Planning Board Ery Chajaridipura said in a hearing with the City Council...

National Games to have more medal events in 1996

National Games to have more medal events in 1996 JAKARTA (JP): An extended 1996 National Games (PON) has been proposed as nine sports sought permission from the National Sports Council to make their debut at Indonesia's biggest sporting event.

TV today

TV today TVRI 2:30 p.m. TV Series: Prince Valliant 3:05 Children's Program: Gita Wicara 3:30 Science Program 4:05 Family Program: Around Us 4:30 Documentary Film 5:00 Regional News 5:30 Indonesia Lessons 6:05 Nusantara, The Beloved Country 6:15 Village Program 6:45 Langka Tapi Nyata 7:00 Evening...

YLBHI questions arrests

YLBHI questions arrests JAKARTA (JP): The Indonesian Legal Aid Foundation (YLBHI) criticized the government yesterday for taking repressive measures against this week's peaceful labor demonstrations. In a statement made available to The Jakarta Post, the foundation said that demonstrations were a...

Spotlight

Spotlight Photo A: Boutros Papandayan Hotel ANNIVERSARY DINNER: UN Secretary General Boutros Boutros-Ghali (center) and his wife (right), accompanied by the general manager of Papandayan Hotel, Frans H.

East Timorese jailed for demonstration

East Timorese jailed for demonstration DILI, East Timor (JP): The Dili district court has sentenced two men to a total of 41 months in jail for staging an anti- government demonstration at the East Timor University in January.

Where to go in Jakarta:

Where to go in Jakarta: Music * The Aryaduta Jakarta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Bonauli vocal group, Thursday, Friday and Saturday from 7 p.m. to 11 p.m.; Lost Morenitos, Sunday, Tuesday and Wednesday from 7 p.m. to 11 p.m.

KL's industrial sales up

KL's industrial sales up KUALA LUMPUR (AFP): Malaysia's leading manufacturing industries chalked up a 28.6 percent increase in sales to 23.8 billion ringgit (US$9.5 billion) in the first two months of the year over the same period a year ago, a government report said yesterday.

PDI's troubles in East Java continue

PDI's troubles in East Java continue JAKARTA (JP): First, chairperson Megawati Soekarnoputri was barred from addressing a gathering, and now the East Java chapter of the Indonesian Democratic Party (PDI) is banned from holding a gathering to appoint its leaders.

Bon Jovi to visit Planet Hollywood

Bon Jovi to visit Planet Hollywood JAKARTA (JP): Top soft rocker Bon Jovi will visit Planet Hollywood Jakarta on Friday to hold a promotional press conference for his major tour "Bon Jovi - Cross Roads to the East.

New housing project launched

New housing project launched JAKARTA (JP): Private developer PT Centranusa Persada is establishing an exclusive housing complex called Garden Home Estate in Ciputat, South Jakarta, with an investment of about Rp 65 billion (US$29.54 million).

Aussie urged to invest more

Aussie urged to invest more JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo told the Australia-Indonesia Business Council yesterday to find ways to resolve problems in trade between the two countries to boost their economic relations.

Tighter security in E. Timor

Tighter security in E. Timor DILI, East Timor: Local military chief Col. Kiki Syahnakri has ordered tighter security across the province ahead of the upcoming conciliatory meeting between pro- and anti-integration East Timorese leaders in Salzburg, Austria.

Police probing Maumere riot

Police probing Maumere riot JAKARTA (JP): Police are still investigating the causes of last week's disturbance in Maumere, on the island of Flores, where one person was killed in rioting last week, Antara reported yesterday.

Minimum wages set for workers abroad

Minimum wages set for workers abroad JAKARTA (JP): The government has set the minimum monthly wage for Indonesians working in the formal sectors overseas at US$400 (approximately Rp 850,000). The monthly minimum wage for unskilled workers such as domestic helps, has been set at US$250 .

Read more books, says Soeharto

Read more books, says Soeharto JAKARTA (JP): President Soeharto proclaimed Book Month yesterday, calling on citizens to intensify their reading habits and to make Indonesia into a society that loves learning.

May 10 set as Moslem's Sacrifice Day

May 10 set as Moslem's Sacrifice Day JAKARTA (JP): The government announced yesterday that Moslems in Indonesia will celebrate the Day of Sacrifice on Wednesday, May 10, as will co-religionists in the Holy Land in Saudi Arabia.

Missing Dutch tourists found

Missing Dutch tourists found DENPASAR, Bali: Two Dutch tourists reported missing last month have been found on Mount Agung. They were weak and had badly bruised feet, Antara reported yesterday. The Dutch men, identified only as Rheno, 41, and Kaey, 21, were reported missing shortly after they...

Paper conglomerate suffers swap losses

Paper conglomerate suffers swap losses JAKARTA (JP): Majority shareholders in the Sinar Mas Group, the country's second biggest conglomerate, have injected "voluntary equity contributions" to cover the US$66.6 million in derivative and swap losses incurred by two of its listed firms.

Substitute for 3-wheeled vehicles needed

Substitute for 3-wheeled vehicles needed JAKARTA (JP): City Councilors are supporting the city administration's plan to phase out three-wheeled vehicles -- bemo and bajaj -- in Jakarta though, at the same time, they caution about the need for the municipality to prepare substitutes.

Japan to conduct study on textile imports from RI

Japan to conduct study on textile imports from RI JAKARTA (JP): Japan will soon conduct a study into textile imports from Indonesia and hold talks with the parties concerned with a view to resolving a textile row between the two countries, Japanese Ambassador to Indonesia Taizo Watanabe said...