Indonesian Political, Business & Finance News

Archive: 9 June 1995

44 articles found

Lippo to construct 70-story tower on Jl. Sudirman

Lippo to construct 70-story tower on Jl. Sudirman JAKARTA (JP): The Lippo Group will build a 70-story building called Sudirman Asia Tower at a cost of US$160 million in the Jl. Sudirman golden triangle in South Jakarta.

Bakrie Finance gets loan

Bakrie Finance gets loan JAKARTA (JP): PT Bakrie Finance Corporation, a multifinance company listed on the Jakarta Stock Exchange, yesterday secured a syndicated loan of US$30 million from 10 international financial institutions.

Where to go in Bali:

Where to go in Bali: Music and entertainment * Nusa Dua Beach Hotel: Budaya Stage - Ramayana Buffet Dinner, Monday. Legong Buffet Dinner, Friday. Poolside - BBQ Night with Hawaiian Band, Wednesday. Coffee Shop - Indonesian Night with Joged Dance, Saturday. Village Night with Frog Dance, Tuesday.

TV today

TV today TVRI 2:30 p.m. TV Series: Kabuto 3:05 Langka & Unik 3:30 Science Program 4:00 School Quiz: Cerdas Cermat 4:30 Culture Program 5:00 Regional News 5:30 Economy Program 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Karya Nyata 7:00 Evening News 7:30 Dinamika 8:05 Music 9:00...

New apartments in Pancoran

New apartments in Pancoran JAKARTA (JP): Minister of Public Housing Akbar Tandjung has inaugurated the Griya Pancoran apartment building in South Jakarta. The inauguration, held on Wednesday evening, was also attended by Coordinating Minister for People's Welfare Azwar Anas, Minister of Youth...

Sanskrit language (1)

Sanskrit language (1) President Soeharto's recent warning on the unnecessary but offensive use of foreign words on billboards or as names of apartment buildings and other real estate projects could not have happened at a more opportune time.

Want a divorce? Beware of brokers

Want a divorce? Beware of brokers SURABAYA, East Java (JP): The increasing number of divorce cases has given rise to middlemen, who offer services to those who want to bypass formal, arduous administrative procedures.

Businessman intends suing businesswoman for libel

Businessman intends suing businesswoman for libel JAKARTA (JP): A businessman being investigated for fraud is going to start libel proceedings against the entrepreneur who laid the fraud charges. "We'll lodge our charge at the City Police Headquarters tomorrow," Muhammad Alzier Thabranie, president...

Asia to be center of the world: Naisbitt

Asia to be center of the world: Naisbitt JAKARTA (JP): Asia, with China as its driving force, will become the center of the world in the next century, says the master trend analyst John Naisbitt. Naisbitt, the author of the best-selling books Megatrends and Global Paradox, predicted that 50 years...

Jakarta Fair expects more visitors

Jakarta Fair expects more visitors JAKARTA (JP): This year's Jakarta Fair at the Kemayoran fairgrounds is projected to attract about three million people, an executive of the Jakarta International Trade Center said yesterday.

Bank Tiara's profit soars

Bank Tiara's profit soars JAKARTA (JP): Bank Tiara, a publicly listed private bank, reported a 90 percent increase in its after-tax profit to Rp 19 billion (US$8.48 million) or Rp 254 per share last year from Rp 10 billion or Rp 183 per share in 1993.

'Kreasi Baru': A mixture of two musics

'Kreasi Baru': A mixture of two musics By Gus Kairupan JAKARTA (JP): The combination of gamelan with a symphony orchestra is not a new one. The first time I heard such a mixture was towards the end of the 1950s when a visiting American conductor, Wheeler Becket, composed and conducted a piece for...

Myanmar's leader visit Singapore

Myanmar's leader visit Singapore SINGAPORE (AFP): The chairman of Myanmar's ruling junta, Than Shwe, arrived here yesterday for a four-day official visit aimed at boosting economic ties with Singapore. Than Shwe's trip, at the invitation of Singapore Premier Goh Chok Tong, is his first to the city...

Sanskrit language (2)

Sanskrit language (2) From Republika Bahasa Indonesia is my mother tongue. This means that I have been speaking this language since my childhood. I love and am very proud of speaking Bahasa Indonesia. It is a beautiful language, especially if it is well and correctly spoken.

Pertina beckons Bahari brothers

Pertina beckons Bahari brothers JAKARTA (JP): The Indonesian amateur boxing association (Pertina) has taken one step closer to settling its rift with the Bahari brothers, Pino and Nemo. The association has offered the leading boxers places in the national team line-up for the Southeast Asian Games...

Newspaper cuts circulation

Newspaper cuts circulation BENGKULU, Bengkulu: Semarak Bengkulu daily has cut its circulation from 5,500 to 4,500 due to the ongoing paper crisis, its manager, Suparno, said yesterday. Not only is the daily hurt by the nationwide shortage of newsprint but also by production costs, which have soared...

Govt to keep Gresik share lead

Govt to keep Gresik share lead JAKARTA (JP): Publicly-listed state cement company PT Semen Gresik yesterday assured the House of Representatives that its plans to issue 444 million rights shares will not change the government's position as the company's majority shareholder.

Parents demonstrate at Satya Wacana

Parents demonstrate at Satya Wacana SALATIGA, Central Java: Demonstrations against the rector of the Satya Wacana Christian University, John JOI Ihalauw, continued yesterday. Yesterday's protest involved not only students and dismissed teachers but also students' parents, who are frustrated by the...

Four mayoralties win Adipura awards

Four mayoralties win Adipura awards JAKARTA (JP): Four of the city's five mayoralties have won Adipura environmental awards for their success in improving sanitation. The awards were presented by President Soeharto yesterday to the mayors of South, East, Central and West Jakarta at the Indonesia in...

Ometraco gains Rp 21.5b

Ometraco gains Rp 21.5b JAKARTA (JP): The publicly listed PT Ometraco Realty reported yesterday that it recorded an after-tax profit of Rp 21.5 billion (around US$9.7 million) in 1994, a company statement read.

Manggarai residents urged to remain calm

Manggarai residents urged to remain calm JAKARTA (JP): Governor Surjadi Soedirdja has urged residents of Manggarai, South Jakarta, whose land may be appropriated to make way for the construction of a huge integrated transport terminal, to remain calm.

Japan fails to apologize to Asia

Japan fails to apologize to Asia Japan's tripartite ruling coalition has reached a compromise at the last minute, enabling it to keep its promise to draft a resolution commemorating the 50th anniversary of the ending of World War II.

Dossier on triple murder

Dossier on triple murder JAKARTA (JP): The City Police Force will hand over the dossier on the Los Angeles triple murder case, the main suspect of which is Harnoko Dewantono, alias Oki, to the Central Jakarta Prosecutor's Office later this month. "The police want to turn in the dossier on the L.A.

Australian, Taiwan men deported

Australian, Taiwan men deported AMBON, Maluku: Immigration authorities have deported an Australian, whose sail boat ran aground, and 111 Taiwanese fishermen, caught poaching in Indonesian territorial waters.

KL ready to talk further on Sipadan and Ligitan

KL ready to talk further on Sipadan and Ligitan JAKARTA (JP): Visiting Malaysian Foreign Minister Abdullah Badawi dodged questions yesterday on the likelihood of taking the disputed Sipadan and Ligitan Islands to international arbitration, stressing instead Kuala Lumpur's commitment to further...

Navy has first woman lieutenant commander

Navy has first woman lieutenant commander JAKARTA (JP): The Indonesian Navy broke new ground yesterday when it inducted its first woman lieutenant commander. Second Lieutenant Siti Ariftini Sutji was installed as commander of the KAL Kangean patrol vessel, which is under the Limited Patrol Unit of...

Groups take Lippo stakes

Groups take Lippo stakes HONG KONG (AFP): Lippo Group said yesterday it made US$57.5 million from selling stakes in a suburban development project in Jakarta to two Hong Kong companies. In a statement, Lippo said China Resources (Holdings) Co. Ltd.

Dealing with Indonesians

Dealing with Indonesians It has been interesting to read replies to Mr McLaughlin's letter complaining about the way he was treated by his neighbor. Perhaps a few pieces of advice and cultural knowledge might help him to tolerate life in Indonesia a little more.

Drought hits Gunungkidul

Drought hits Gunungkidul YOGYAKARTA: With the rainy season still at least four months away, the southern part of Gunungkidul regency, about 60 kilometers east of here, is already suffering from drought.

Bali bamboo conference draws world's interest

Bali bamboo conference draws world's interest JAKARTA (JP): Bamboo enthusiasts and environmentalists from all over the world are meeting in Bali for the fourth International Bamboo Congress, Workshop, and Festival.

Great River secures loan

Great River secures loan JAKARTA (JP): PT Great River Industries, a listed garment maker, secured yesterday a syndicated loan of US$75 million to finance its expansion plans, a company statement read. The statement, made available to the press yesterday, states that the three-year loan was extended...

China may have miscalculated over Mischief Reef (1)

China may have miscalculated over Mischief Reef (1) By Bilveer Singh This is the first of two articles examining China's recent move on Mischief Reef in the South China Sea. SINGAPORE (JP): By the time the National People's Congress passed the Law on the Territorial Sea and the Contiguous Zone in...

Asia displeased over Japan's war 'apology'

Asia displeased over Japan's war 'apology' HONG KONG (Reuter): Asians whose countries suffered under Japan's ruthless World War II expansionism were less than pleased yesterday with an apologetic resolution to be adopted by that country's parliament next week.

Rajawali wins 'in-principle' GSM permit

Rajawali wins 'in-principle' GSM permit JAKARTA (JP): A senior government official said yesterday that a firm controlled by the Rajawali Group has won an "in-principal permit" to participate in the Global System for Mobile (GSM) cellular telephone business.

Bintang investigation gets down to details

Bintang investigation gets down to details JAKARTA (JP): The police investigation of controversial politician Sri Bintang Pamungkas yesterday finally moved into specifics, with questions over remarks he allegedly made to slander the government.

The succession issue

The succession issue Lately, the question of national leadership and succession has again become the talk of the day. Discussions revolve around the question of who the possible candidates for the presidency for the 1998-2003 period might be.

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, Tuesday and Wednesday from 7 p.m. to 11 p.m.; Lost Morenitos, Monday Thursday and Sunday from 7 p.m. to 11 p.m. Los Paraguas, Friday and Saturday from 7 p.m.

Savings scheme for sport not dead yet: Hayono

Savings scheme for sport not dead yet: Hayono JAKARTA (JP): State Minister of Youth Affairs and Sports Hayono Isman, who is being accused of condoning gambling in raising funds for sports development, yesterday said his plan for a savings scheme has not been abandoned completely.

Dharmala to pay dividends

Dharmala to pay dividends JAKARTA (JP): PT Dharmala Sakti Sejahtera, a private finance company listed on the Jakarta Stock Exchange, plans to distribute dividends of Rp 100 per share on Aug. 10 this year, a company executive said yesterday.

Bank Papan's management overhauled after takeover

Bank Papan's management overhauled after takeover JAKARTA (JP): The management of the publicly-listed Bank Papan Sejahtera underwent a major change yesterday following the controversial takeover of the bank's majority stake by obscure local businessman Jopie Widjaya. A.

Govt vows to protect environment

Govt vows to protect environment JAKARTA (JP): Indonesia marked World Environment Day yesterday by reaffirming its commitment to continuing development without damaging the environment. "Let us develop the country without worsening pollution, without destroying forests and biodiversity, without...

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 8, 1995: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 2,100 0 0 AHAP Insurance 3,300 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 3,150 100 830,000 Aneka Kimia...

Sheraton to manage hotel in Surakarta

Sheraton to manage hotel in Surakarta JAKARTA (JP): International Telephone and Telegraph (ITT) Sheraton of the United States signed an agreement here yesterday with PT Hotel Anomsolo Saranatama on the management of a four- star rated hotel in Surakarta, Central Java.

Indonesia to face another Chinese test

Indonesia to face another Chinese test JAKARTA (JP): A weakened Indonesian side is facing treacherous opposition from a rejuvenated China in the Asia Cup badminton championships in Qing Dao, next week. The Badminton Association of Indonesia has rested world champion Hariyanto Arbi and out-of-form...