Indonesian Political, Business & Finance News

Archive: 28 July 1995

45 articles found

RI's economic remain inefficient

RI's economic remain inefficient MANADO, N. Sulawesi (JP): Bank Indonesia's Governor J. Soedradjad Djiwandono reaffirmed yesterday the urgent need for Indonesia to further improve the efficiency of its economy in order to sustain economic growth in the increasingly globalized economy.

Firms get tax penalty

Firms get tax penalty JAKARTA (JP): The government has suspended the taxpayer status of 48 companies allegedly involved in tax manipulations, thereby canceling their right to a tax refund. Karsono Surjowibowo, secretary of the Tax Directorate General, announced yesterday that the 48 companies have,...

Controversy mars Amin's victory

Controversy mars Amin's victory JAKARTA (JP): A dispute over Nur Amin's victory in the men's 3,000m steeplechase final marked the first day of this year's Indonesia Open track and field championships at the Senayan Madya stadium yesterday. Clocking nine minutes, 21.

Arrow fly over Israel, Portugal in archery meet

Arrow fly over Israel, Portugal in archery meet JAKARTA (JP): The government promised yesterday to consider the Moslem community's objection to the participation of Israel in an international archery meet here next week.

BNI launches $170m FRN

BNI launches $170m FRN HONG KONG (Reuter): The state-owned Bank Negara Indonesia (BNI) has launched a 10-year US$170 million floating rate note issue, said lead manager Chase Asia. The notes were launched at par and float at 75 basis points over the six-month London Interbank Offered Rate.

Crossers fight for top honor in Yogya

Crossers fight for top honor in Yogya YOGYAKARTA (JP): Italy's world leading crossers Alessandro Puzar and Alessio Chiodi ranked first and second respectively after the 10th series of the World Motocross Championship in France, and each has vowed to beat the other in the 11th series on Sunday.

Infantry Brigade 1 told to safeguard the capital

Infantry Brigade 1 told to safeguard the capital JAKARTA (JP): City Military chief Maj. Gen. Wiranto has reminded Infantry Brigade 1 of their obligation to safeguard the capital. "All members of the brigade have the obligation and responsibility to protect the city from any disturbances and threats...

Suspects in Bekasi gang rape still at large

Suspects in Bekasi gang rape still at large JAKARTA (JP): Police denied reports yesterday that they are investigating four suspects in the brutal rape of a mother and her two teenage daughters in a small, isolated village in Bekasi, 30 kilometers east of Jakarta.

RI, Australia to conduct surveys

RI, Australia to conduct surveys JAKARTA (JP): Indonesia and Australia agreed yesterday to cooperate in energy, mineral and hydrocarbon deposit surveys in the eastern provinces of Indonesia, Director General of Oil and Gas Suyitno Patmosukismo said.

Top Dutch diplomat gets RI honor

Top Dutch diplomat gets RI honor JAKARTA (JP): Former Dutch ambassador to Indonesia, Jan Herman Robert Dudley van Roijen, received on Wednesday the Jasa Utama Star from the Indonesian government in recognition of his meritorious services during his term in Jakarta from 1992 to 1994.

Nuclear station at Mt. Muria

Nuclear station at Mt. Muria We recently heard about the government's plan to build a nuclear power station at Mt. Muria. In our opinion, if the government still wants to build this reactor, it would be much wiser if the people of this nation were allowed to decide it for themselves.

Inco's profit increases

Inco's profit increases JAKARTA (JP): PT International Nickel Indonesia (Inco) posted a nearly 50 percent increase in its net profit in the second quarter of this year, rising to US$13.2 million from $7.4 million in the same period of 1994.

Experts support condom campaign despite opposition

Experts support condom campaign despite opposition JAKARTA (JP): Some experts have voiced support for the campaign to use condom in limited areas even though Moslem scholars have condemned the program. Marcel Latuihamallo, a manager of the Mitra Indonesia Foundation's telephone counseling hotline...

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 27, 1995: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 2,300 0 0 AHAP Insurance 3,250 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 1,950 125 397,000 Aneka...

Confidentiality

Confidentiality Article 40, paragraph (1) of the Basic Law of Banking No 7/1992 stipulates that banks are prohibited to reveal information concerning the financial position and other matters of their clients, a common practice in banking world.

Nuclear tests

Nuclear tests In his letter to The Jakarta Post, July 22, 1995, the French ambassador mentions his country's determination to stage "environmentally safe" nuclear tests. He then goes on to reaffirm the French intention to sign the proposed nuclear test ban treaty.

440 textile workers fired

440 textile workers fired PEKALONGAN, Central Java: More than 440 textile workers lost their jobs after their companies went bankrupt due to a market slump and soaring raw material prices. All were workers at PT Sugih Mitra Kharisma, PT Faristeks and CV Tobal Batik Industri, chief of the local...

TV today

TV today TVRI 2:35 p.m. TV Series: Kabuto 3:05 Langka & Unik 3:30 Science Program 4:05 Student Quiz: Cerdas Cermat 4:30 Culture Program 5:00 Regional News 5:30 University Program 6:05 Parlementaria 6:15 Village Program 6:45 Special: PPL 1995 Movies 7:00 Evening News 7:30 Dinamika 8:05 Music 9:00...

Moslem groups must play role in succession

Moslem groups must play role in succession JAKARTA (JP): Society's various Moslem groups need to take a more unified stance in order to establish greater leverage and to ensure that no group will be alienated in the process leading up to presidential succession, a discussion concludes.

Surabaya to host ATF

Surabaya to host ATF JAKARTA (JP): Director General of Tourism Andi Mappi Sammeng said here yesterday that Surabaya, the capital of East Java, will host the ASEAN Tourism Forum (ATF) from Jan. 6 to Jan. 12 next year.

Telecoms meeting at ITB

Telecoms meeting at ITB JAKARTA (JP): Secretary-General of the Ministry of Tourism, Post and Telecommunications Jonathan L. Parapak said here yesterday that the Bandung Institute of Technology (ITB) will host a telecommunications meeting from Sept. 4 to Sept. 6.

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 - Village Night with Frog Dance, Tuesday.

New housing complex for executives

New housing complex for executives JAKARTA (JP): The rapid growth of Indonesia's economy has increased the number of young executives who are in need of houses. PT Chattra Graha Adhika, a newly established housing developer, is targeting young executives to buy its apartments at Taman Darmawangsa.

Government urged to reduce foreign loan dependence

Government urged to reduce foreign loan dependence JAKARTA (JP): Observers of the economy advised the government yesterday to intensify promotion to attract foreign portfolio and direct investments to reduce Indonesia's dependence on foreign loans.

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.

Mahathir warns the West of Asian power

Mahathir warns the West of Asian power LANGKAWI, Malaysia (AFP): Malaysian Prime Minister Mahathir Mohamad has warned western developed nations that rapidly- developing Asia could be pushed into one united powerful and defiant grouping if bullied by the West.

Regulations on timeshare business

Regulations on timeshare business JAKARTA (JP): The government is preparing regulations on the growing timeshare business to protect consumers of the property ownership schemes, a legal expert says. "Discussions on the draft regulation are still underway," Dimyati Hartono, a legal expert on...

Merpati signs agreement

Merpati signs agreement JAKARTA (JP): Merpati Indonesia Airlines and Canadian Airlines International Ltd. yesterday agreed to cooperate on management and operation, including maintenance, commerce and education.

Soeharto wants crime contained

Soeharto wants crime contained JAKARTA (JP): President Soeharto called for a more concerted effort yesterday to contain crime and violence, which have been on the rise in big Indonesian cities lately. Although the crime rate in Indonesia is still relatively low, "we cannot allow this trend to...

Baucau still tense after rioting

Baucau still tense after rioting DILI, East Timor: Baucau was still tense yesterday, a week after a riot in which 20 shops were destroyed and three people were injured. The July 20 incident at Kota Baru reportedly broke out after an East Timorese native was murdered by a Javanese migrant in a brawl.

Utut takes revenge against Gelfand

Utut takes revenge against Gelfand JAKARTA (JP): Indonesian chess wizard Utut Adianto produced yet another notable scalp in the Biel Master Invitational Tournament in Switzerland as he outwitted second seed Boris Gelfand of Belarus in a marathon fifth-round game on Wednesday.

Vietnam's entry helps fulfill ASEAN goal: Alatas

Vietnam's entry helps fulfill ASEAN goal: Alatas By Oei Eng Goan BANDAR SERI BEGAWAN (JP): Indonesia considers the entry of Vietnam into the Association of Southeast Asian Nations (ASEAN) today as a momentous event, attesting to the growing realization of ASEAN's vision of embracing all countries...

Apur River heavily polluted

Apur River heavily polluted From Republika The Apur River which lies between our village Buaranjati and Gintung, Tangerang, West Java, is heavily polluted by the factories located around Jati Uwung district.

140 foreign names to be changed

140 foreign names to be changed JAKARTA (JP): One hundred and forty real estate developers have agreed to change the foreign names of their projects to Indonesian, an executive of the Indonesian Real Estate Association said. The name changes will be publicly announced on Aug.

Badminton players get incentives

Badminton players get incentives JAKARTA (JP): The Jaya Raya foundation, which is owned by the city administration and PT Pembangunan Jaya, presented plots of land to three Indonesian badminton players for their achievements.

Scavengers seek Rp130m in land compensation

Scavengers seek Rp130m in land compensation JAKARTA (JP): The Association of Indonesian Scavengers is demanding more than Rp 130 million (US$59,090) from the local administration in compensation for land and property taken from 600 scavenger families in Cakung-Cilincing, North Jakarta, The land has...

Councilor want rapists sentenced to death

Councilor want rapists sentenced to death JAKARTA (JP): The men who gang raped a mother and her two teenage daughters in Bekasi last Monday should be punished to the fullest extent of the law, said M.H. Ritonga, the chairman of the City Council. M.H.

Top shuttlers to miss World Cup c'ships

Top shuttlers to miss World Cup c'ships JAKARTA (JP): Indonesian shuttlers have already cleared some of their toughest hurdles in the World Cup badminton championships, to be held here from Sept. 13 to 17, because several world best-players will miss the invitational meet.

'Strong government should be balanced with basic rights'

'Strong government should be balanced with basic rights' JAKARTA (JP): The government must forge a trusting relationship with the people by letting their dynamic ideas contribute to the overall development process of the country, political observers said yesterday.

Economic efficiency

Economic efficiency The reaffirmation by the Governor of Bank Indonesia (central bank), J. Soedradjad Djiwandono, of the urgent need for Indonesia to improve the efficiency of its economy may sound like a cliche, especially now when most of us are in a festive mood about being able to celebrate the...

Horta is a fraud, ex-girlfriend says

Horta is a fraud, ex-girlfriend says JAKARTA (JP): A former girlfriend of Ramos Horta yesterday accused the East Timorese separatist leader of defrauding millions of dollars donated to the people of East Timor.

Steel workers seek retirement

Steel workers seek retirement SERANG, West Java: Apparently lured by the handsome severance pay offered to employees dismissed earlier in an efficiency drive, at least 1,000 staff members of PT Krakatau Steel in Cilegon are seeking early retirement.

Pavement at Jl. Wahid Hasyim

Pavement at Jl. Wahid Hasyim From Neraca The pavement located at Jl. Wahid Hasyim, Central Jakarta, and especially the segment between the Sarinah Department Store and National Land Building, is inconvenient for pedestrians.

ADB to assist with Asian infrastructure

ADB to assist with Asian infrastructure MANILA (AFP): The Asian Development Bank (ADB) said yesterday it would help developing member countries meet massive infrastructure requirements through novel financing schemes proven effective in certain Asian countries.

Two offers given for peace talks

Two offers given for peace talks GENERAL SANTOS, Philippines (AFP): The Philippine government yesterday offered to back rebel leader Nur Misuari for the top position in a proposed Moslem autonomous region, in a bid to make headway in peace talks.