Indonesian Political, Business & Finance News

Archive: 31 July 1995

34 articles found

Many people ignorant of computer security

Many people ignorant of computer security By Zainal A. Hasibuan JAKARTA (JP): As more and more people buy computers, security threats are increasing. However, many computer users are still not aware of the importance of computer security. Computer security protects your computer as well as its environment: the building, people, network, cable, monitor, printer, disks, tapes, and so forth. Most importantly, computer security protects the data and information stored in your system.

Mulia Group to sell shares

Mulia Group to sell shares JAKARTA (JP): Institutional investors of the United States and Europe will purchase approximately 23.75 million shares, or 10.55 percent, of the total equity stocks of the publicly listed Mulia Industrindo. The company announced on Saturday that the shares will be bought from PT Eka Gunatama Mandiri, a firm owned by one of the company's founders.

'Prisoners' release no threat to security

'Prisoners' release no threat to security JAKARTA (JP): Many politicians say the release of Soebandrio and two other political prisoners convicted in connection with the 1965 abortive communist coup will pose no security threat provided the government stops at these three. Legislator Aminullah Ibrahim and Abu Hasan Sazili told The Jakarta Post separately on Saturday that the government should resist pressure to release all of the other political prisoners linked with the 1965 upheaval.

Share prices mixed on Jakarta Stock Exchange

Share prices mixed on Jakarta Stock Exchange JAKARTA (JP): Stock prices on the Jakarta Stock Exchange (JSX) closed mixed in moderate trading last week, as the market worked itself through another narrow trading range. The JSX Composite Index closed the week at 512.51, up 1.58 points (0.3 percent) over the week's opening of 510.93. The market's activities were focused on several large-capped stocks affiliated with major conglomerates.

Expert calls for more than one presidential candidate

Expert calls for more than one presidential candidate DEPOK, West Java (JP): Harun Alrasid, a constitutional law expert, questioned the possibility of having more than one presidential candidate in 1998 in his oration at a ceremony marking his professorship at the University of Indonesia on Saturday. He said he wished to see more than one presidential candidate in the coming elections, but realized that it might not be so. This wish, he said, "may not be more than a beautiful dream".

Eastern region's plight

Eastern region's plight It is understandable if the people living on Indonesia's eastern islands of Sulawesi, Nusa Tenggara, Maluku and Irian Jaya, now want to see more concerted efforts by the central government to accelerate the pace of development in their region. After all, it is now almost five years since President Soeharto declared what economists call the "go-east policy".

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. to 11 p.m. - Ambassador Lounge: Boece & Ayu (pianist and singer), Tuesday to Saturday, from 8 p.m. to 12:30 a.m. Jakarta String Fantasy Trio, Monday to Saturday from 3:30 p.m. to 6:30 p.m.

ASEAN to boost cooperation

ASEAN to boost cooperation By Oei Eng Goan BANDAR SERI BEGAWAN (JP): Foreign ministers of the Association of Southeast Asian Nations (ASEAN) wound up their 28th annual meeting here yesterday with a commitment to boost wider political and security cooperation with other countries in the Asia-Pacific region. They also agreed on Indonesia as the venue for their meeting next July.

Crosser Tortelli wins Yogyakarta race

Crosser Tortelli wins Yogyakarta race YOGYAKARTA (JP): Sebastien Tortelli of France, capitalizing on a dusty track and come-from-behind strategy, won the 11th leg of the 125cc World Motocross Championships yesterday. By romping home with 40 points, the 16-year-old Kawasaki rider retained his third place on the world ranking list with 242 points. After the 10th leg of the 125cc GP at home he bagged 202 points and was placed third behind Alessio Chiodi and Allesandro Puzar, both from Italy.

Welcoming ASEAN's newest member

Welcoming ASEAN's newest member While Vietnam's admission into the Association of Southeast Asian Nations (ASEAN) has brought the regional organization a step closer to its ideals, some remaining shadows deserve to be heeded. In the following article political analyst Dewi Fortuna Anwar takes a look at the issue. JAKARTA (JP): Congratulations are in order as ASEAN officially welcomes its newest member into its regional club.

Alatas not approached by RP on Pramoedya

Alatas not approached by RP on Pramoedya BANDAR SERI BEGAWAN (JP): Foreign Minister Ali Alatas said yesterday that he had not been approached by the Philippine government about Indonesian writer Pramoedya Ananta Toer's possible visit to Manila to receive the Magsaysay Award.

Royal row in Cirebon

Royal row in Cirebon CIREBON, West Java: A row has erupted over the succession of the throne of Kacirebonan, one of six tiny sultanates in Cirebon. The quarrel has involved all the sultanates because the princes and princesses are all related. The Cirebon regency has insisted that the matter be resolved internally and amicably, Antara reported.

Bintang to bring own witnesses to police

Bintang to bring own witnesses to police JAKARTA (JP): Former legislator Sri Bintang Pamungkas, currently under police investigation for allegedly insulting President Soeharto, hopes to defend himself with his own witnesses from Germany. Iwan Setiabudi, Ignatius Irianto and Kristianto, all Indonesian students in Berlin and participants in a seminar featuring Bintang as the speaker, have agreed to testify in favor of the outspoken politician.

President to visit Jakarta Bay

President to visit Jakarta Bay JAKARTA (JP): All unloading activities in Jakarta Bay will be brought to a halt for about two hours on Aug. 19 when President Soeharto visits the port to inspect warships taking part in the Arung Samudera'95. Arung Samudera'95 will combine sailboat races with a parade of a fleet of warships. It is being held as part of the highlights to commemorate the 50th anniversary of Indonesia's independence.

Drowned official found off Padar, 3 still missing

Drowned official found off Padar, 3 still missing JAKARTA (JP): Search and Rescue workers found the body of one of the four government officials believed to have drowned in the rough waters of East Nusa Tenggara last week, police said yesterday. "Our team found the body of Hartati Soegarjito in the sea off Padar Island at 12:10 p.m. today," First Lt. I Made Suartayasa, chief of the Investigation Unit of the Ruteng District Police, told The Jakarta Post by phone last night.

Persib lifts coveted title of soccer league

Persib lifts coveted title of soccer league JAKARTA (JP): Striker Sutiono was the toast of Persib Bandung as he scored the winning goal to beat a ten-man Petrokimia Putra and therefore carry away the coveted President's Cup trophy in yesterday's thrilling Indonesian soccer league championship final. The delighted 100,000 flag-waving, drum-beating spectators burst into a deafening roar when Sutiono knocked the ball into the net from close-range to break 53 minutes of goal-less action at Senayan.

Batik cooperatives body to expand textile capacities

Batik cooperatives body to expand textile capacities JAKARTA (JP): The Indonesian Batik Cooperatives Association will expand the production capacities of its companies by increasing the number of its spinning units from 210,000 to 270,000, with an investment of Rp 60 billion (US$26.8 million).

Soebandrio steers clear of politics

Soebandrio steers clear of politics JAKARTA (JP): Former foreign minister Soebandrio, one of three political prisoners pardoned by President Soeharto last week, said yesterday that he would not politick after his release on Aug. 16. "It is useless," he told reporters who interviewed him and Omar Dhani, another political prisoner, at the Cipinang prison in East Jakarta.

Lawyers must unite before 2005: Soerjono

Lawyers must unite before 2005: Soerjono JAKARTA (JP): Indonesia lawyers should unite under an umbrella organization because they will have to compete with foreign lawyers after 2005, Chief Justice Soerjono said. Soerjono told members of the Association of Indonesian Advocates (AAI) that in compliance with the General Agreement on Trade and Tariffs (GATT) Indonesia will have to open its doors to foreign lawyers.

Thousands rush to Senayan to see test results

Thousands rush to Senayan to see test results JAKARTA (JP): Thousands of senior high school students, who completed the 1995 matriculation exams for entrance into state universities, converged on Senayan's main stadium on Saturday, jostling to obtain the lists which contained the results of their labor. As in previous years, the air at the stadium was colored by varying moods.

Local banks to face stiff competition due to liberalization

Local banks to face stiff competition due to liberalization By Hendarsyah Tarmizi JAKARTA (JP): The agreement of the World Trade Organization (WTO) last Friday to open up global trade in the fast-growing financial services sector will mean a better deal for consumers. But the pact, which will gradually liberalize the world's banking industry, will mean Indonesian banks will be facing fiercer competition.

Massage parlors, discos warned for violations

Massage parlors, discos warned for violations JAKARTA (JP): The West Jakarta authorities have reprimanded 22 massage parlors and discotheques, as well as a factory, for allegedly violating regulations. The massage parlors and discotheques are accused of offering prostitutes to their customers, while the factory is charged with polluting the environment.

Lippo Life's profits soar

Lippo Life's profits soar JAKARTA (JP): Lippo Life, a publicly-listed life insurance company, reported over the weekend a 365 percent increase in its profits in the first semester of this year, to Rp 9.75 billion, over the same period for last year.

Humorists' photos to be displayed

Humorists' photos to be displayed JAKARTA (JP): Fifty photos of well-known Indonesian humorists and comedians, past and present, will be displayed in an exhibition, from Aug. 1 to Aug. 30, at the Boim Cafe.

Rural areas need more teachers

Rural areas need more teachers BENGKULU, Sumatra: The head of the local office of the Ministry of Education and Culture, Idrus Mauma, says he cannot accept requests from teachers who work in isolated areas that they be moved to urban centers because the villages need them. Idrus said that the teachers' request was illogical because some schools in rural areas were still badly in need of teachers while the towns already had an abundance of teachers.

Bimantara sets up firm

Bimantara sets up firm JAKARTA (JP): The Bimantara Group, a conglomerate controlled by Bambang Trihatmodjo, in cooperation with Nissho Iwai Corporation of Japan, has established a multi-finance company called PT Artha Cakra Multifinance with capital of Rp 15 billion (US$6.8 million). The joint venture company's president, Koji Shima, was quoted by Bisnis Indonesia on Saturday as saying that the firm will provide soft loans for Bimantara's automotive division and other companies.

Bazaar and bizarre during Arung Samudera

Bazaar and bizarre during Arung Samudera JAKARTA (JP): A 24-hour bazaar, and some bizarre games, will be held during the upcoming Arung Samudera, a major event combining international sailing races, a warship procession, as well as entertainment for the 10,000 to 15,000 participants and their families who will converge on Jakarta next month.

Skepticism surrounds Bulog's CPO plan

Skepticism surrounds Bulog's CPO plan JAKARTA (JP): The setting up of a crude palm oil (CPO) buffer stock started earlier this month by the National Logistics Agency (Bulog) is drawing criticism from many observers who call it an ineffective way to bring down cooking oil prices. Business people in the palm oil industry and market observers have suggested alternative schemes aimed at pulling down the prices of cooking oil, a primary foodstuff in Indonesia. Moh.

On U.S. policy

On U.S. policy Although the proposals for Bosnia by James Baker III (The Jakarta Post, July 26, 1995) mirror my earlier "ideas" in a previous letter, there are some glaring inconsistencies which beg comment. * "The USA cannot be the policeman of the world," should have added "unless our strategic interests (oil) are threatened" he says as much himself, later on in the article. "Are our interests in....sufficiently vital to involve the introduction of U.S.

ASEAN nations deplore French nuclear tests

ASEAN nations deplore French nuclear tests BANDAR SERI BEGAWAN, Brunei (Reuter): Southeast Asian nations ended a two-day meeting yesterday deploring nuclear weapons tests in the South Pacific and expressing optimism about lowering tensions with China over disputed islands in the South China Sea.

Revamp city-owned firms: Councilor

Revamp city-owned firms: Councilor JAKARTA (JP): The United Development Party (PPP) faction of the City Council is demanding that city-owned companies be restructured to improve their efficiency. Muhammad Rodja, a representative of the faction, reiterated in the plenary session of the council over the weekend that it is time for the restructuring of the poorly performing firms.

Oil firm installs executives

Oil firm installs executives JAKARTA (JP): The president of the State oil company Pertamina, Faisal Abda'oe, has appointed Legowo Dradjat as chief executive of the firm's property subsidiary PT Patra Jasa, replacing H.J.C. Mochtar. Pertamina spokesman Didik Sunarwinadi said Saturday that Legowo was installed in a simple ceremony on Friday. Hadi Nugroho was installed as Pertamina's junior director for domestic distribution, replacing Legowo, at the same ceremony. Abd'oe also named D.J.

Symposium on computers

Symposium on computers JAKARTA (JP): A four-day symposium beginning Wednesday at the Jakarta Convention Center will discuss computer software technology and will feature Indonesian and foreign experts. Eko K. Budiardjo, deputy chairman of the meeting's organizing committee, told reporters over the weekend that 65 speakers will present their papers at the symposium, which will be part of the ninth National Computer Conference.

RP's reserves hit record

RP's reserves hit record MANILA (AFP): The Philippines' gross international reserves (GIR) hit a record high of US$8.3 billion, Central Bank governor Gabriel Singson said here. The figure, posted on Wednesday, is equivalent to more than three months worth of exports and is significantly higher than the $7.488-billion GIR recorded in the first quarter of this year. It has already topped the eight-billion-dollar GIR target set for the whole of the year. GIR has been steadily rising since April.