Indonesian Political, Business & Finance News

Archive: 5 July 1995

46 articles found

Firms seek delay on minimum wage

Firms seek delay on minimum wage JAKARTA (JP): A total of 82 companies nationwide have applied to the government to be exempted from the new minimum wage levels which came into force on April 1, Minister of Manpower Abdul Latief said yesterday.

Gatherings still need permit: Police

Gatherings still need permit: Police JAKARTA (JP): National Police Chief Gen. Banurusman Astrosemitro yesterday defended the policy of requiring people to obtain a police permit for any gathering, saying that it is designed to prevent untoward incidents.

One killed in road accident

One killed in road accident JAKARTA (JP): One passenger was killed and several dozen others injured, many seriously, in a bus accident on the Jagorawi toll road, Bogor, on Monday, a press report said yesterday.

12 listed firms fined for late reports

12 listed firms fined for late reports JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has fined 12 bond and share issuers a total of Rp 150.99 million (US$68,500) for the late submission of their annual financial reports for 1994 operations.

Amoco Mitsui to expand PTA capacity in Indonesia

Amoco Mitsui to expand PTA capacity in Indonesia JAKARTA (JP): PT Amoco Mitsui PTA Indonesia, a Japanese- American joint venture, has started the construction of a purified terephthalic acid (PTA) plant in Merak of West Java with a production capacity of 350,000 tons per year.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 4, 1995: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 2,250 0 0 AHAP Insurance 3,275 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 3,225 0 288,000 Aneka Kimia Raya...

ING sets up new wing

ING sets up new wing SINGAPORE (AFP): The Internationale Nederlanden Groep (ING), the new owner of British bank Barings plc, has incorporated a new wing in Singapore to trade in futures, a report said yesterday.

Lampung flood inundates 1,300 houses

Lampung flood inundates 1,300 houses BANDARLAMPUNG, Lampung: Floods inundated approximately 1,300 houses and at least 2,700 hectares of plantations and paddy fields at a transmigration camp in North Lampung regency.

Municipality asked to punish PT Inti Utama Dharma over land

Municipality asked to punish PT Inti Utama Dharma over land JAKARTA (JP): A city councilor has urged the city administration to take firm action against PT Inti Utama Dharma Real Estate, developer of the Cipinang Indah housing complex in East Jakarta, because it has failed to build social facility,...

Movie house owners want viewing tax cut

Movie house owners want viewing tax cut JAKARTA (JP): The association of movie house operators (GPBSI), many of whose members are now threatened with bankruptcy, is urging the government to cut its high 33.3 percent tax on admission tickets.

'No pardon for former communists'

'No pardon for former communists' JAKARTA (JP): The Armed Forces (ABRI) yesterday ruled out granting a pardon to political prisoners convicted in connection with the abortive coup attempt by the Indonesian Communist Party (PKI) 30 years ago, saying that they remain a threat to security.

10 killed in road crash

10 killed in road crash SURAKARTA, Central Java: Ten people died and two others were injured when a bus slammed into a van near Karanganyar on Monday, Antara reported. All the victims were passengers of the Rosalia Indah transit van which served the Malang-Surabaya-Surakarta route.

TV today

TV today TVRI 2:35 p.m. TV Series: Blind Sunday 3:05 Talk Show 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 Science Program 7:00 Evening News 7:30 Music Contest: Asia...

Schools ineffective in English lessons

Schools ineffective in English lessons JAKARTA (JP): Most English classes at formal schools have been ineffective in encouraging pupils to speak the language, an expert in language teaching says. The schools' teaching puts too much emphasis on accuracy, particularly in grammar, so that pupils loose...

Bank Rama pays dividends

Bank Rama pays dividends JAKARTA (JP): Bank Rama, a commercial bank listed on the Jakarta Stock Exchange (JSX), plans to pay cash dividends of Rp 85 (3.8 U.S. cents) per share for its 1994 operations. The dividend payout plan was approved during the annual meeting of the bank's shareholders on...

Cultural norms slow growth of professionalism

Cultural norms slow growth of professionalism JAKARTA (JP): Indonesia has to undergo a major cultural transformation before it can improve the level of professionalism lacking in its society, a management expert said.

Australia set to help with 'people's car'

Australia set to help with 'people's car' JAKARTA (JP): Australian automotive suppliers are interested in participating in Indonesia's low-cost "people's car" project, which is expected to reach the road by 1997.

Aussie paper returns

Aussie paper returns JAKARTA (JP): The Sydney Morning Herald newspaper is once again to be represented here after an absence of 14 years. The Sydney-based Herald reported in its July 1 edition that the Indonesian government had given permission last week for the daily newspaper to open a bureau...

Indian court issues warrant against Murdoch

Indian court issues warrant against Murdoch BOMBAY (Reuter): An Indian magistrate has issued a warrant against media baron Rupert Murdoch after a descendant of India's apostle of non-violence, Mahatma Gandhi, complained his ancestor was defamed by Murdoch's STAR TV, court officials said yesterday.

City plans to expand Pulogadung estate

City plans to expand Pulogadung estate JAKARTA (JP): City administration, in cooperation with a private company, plans to expand the Pulogadung industrial estate, East Jakarta by 80 hectares. A source at the city administration told reporters yesterday that the expansion is needed to transform the...

Telkom to slash 6,000 jobs by end of this year

Telkom to slash 6,000 jobs by end of this year JAKARTA (JP): After cutting the number of offices as a part of its restructuring program, the state-owned domestic telecommunications firm, PT Telekomunikasi Indonesia (Telkom), plans to scrap 6,000 jobs by the end of this year.

Difference of opinions

Difference of opinions We have often read in the media sharp differences of opinions concerning various issues. In spite of the differences, each opinion refers to the substance and values of Pancasila and the 1945 Constitution.

Malaysia to release 'watch-list'

Malaysia to release 'watch-list' KUALA LUMPUR (AFP): Malaysia said yesterday it had compiled for release its own "watch-list" on countries it perceived imposed unfair trade practices, in attempts to get them to dismantle barriers to freer trade-flows.

Big firms may expand only for exports: Sanyoto

Big firms may expand only for exports: Sanyoto JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo said yesterday that industrial companies with 50 percent or more of the domestic market will still be allowed to expand capacity if any additional production is destined for the export...

Govt impartial on Muhammadiyah chief

Govt impartial on Muhammadiyah chief JAKARTA (JP): Coordinating Minister for Political Affairs and Security Soesilo Soedarman said yesterday that the government has no preference as to who should lead Muhammadiyah, the huge Moslem organization currently holding its congress.

No monopoly, cartel in cement trading: Association

No monopoly, cartel in cement trading: Association JAKARTA (JP): The Indonesian Cement Association flatly rejected yesterday claims that it was a cartel or that the Indonesian cement industry was oligopolistic.

SCTV responds

SCTV responds Regarding the SCTV program Dwi Bahasa, which was mentioned in "Your Letters", (Use of foreign language) on Aug. 29, 1995, pleased be informed that the program is aired in two languages--Indonesian and English--via two separate channels.

Councilors urge mayor to solve Koja land dispute

Councilors urge mayor to solve Koja land dispute JAKARTA (JP): Councilors urged North Jakarta Mayor Suprawito yesterday to keep calm in settling the growing dispute over a plot of land in Koja Utara which is earmarked for port development.

Social mission hampers state-owned companies

Social mission hampers state-owned companies JAKARTA (JP): The government policy that expects state-owned companies to operate as full business entities while also serving as social organizations is unrealistic, says a senior auditor.

HongkongBank, the largest network in the region

HongkongBank, the largest network in the region A tourist to Jakarta curiously observed: "I have never seen so many banks in one city." This observation leads one to ponder on the factors which tip the scales on the choice of a particular bank.

Industries under BPIS to be restructured

Industries under BPIS to be restructured JAKARTA (JP): State Minister of Research and Technology B.J. Habibie said yesterday that state-owned enterprises overseen by the Management Board for Strategic Industries (BPIS) will be restructured financially.

Bank Tiara: Success in being different

Bank Tiara: Success in being different As the first bank to set up after the landmark "Pakto" banking deregulation package of October 1988, Bank Tiara is quite a young establishment. Nonetheless it has already demonstrated its astute entrepreneurship and has earned itself a recognized place in a...

Prudence leading banks onto sound growth path

Prudence leading banks onto sound growth path JAKARTA (JP): As part of Indonesia's economic revival of the early 1980s, banking was the first sector to be deregulated. The first deregulation package was introduced in June 1983, and removed ceilings on credits, reduced liquidity credits and allowed...

Sanyo to raise RI activities

Sanyo to raise RI activities TOKYO (AFP): Japan's Sanyo Electric Co. Ltd. plans to shift the production of wide-screen television sets to its offshore units in Asia by the end of this year in an effort to cut costs, a company official said yesterday.

New driver's license in October

New driver's license in October JAKARTA (JP): The police, in cooperation with a private company, will introduce new driving licenses in October. The driving licenses will be launched on Oct. 5 in collaboration with PT Citra Permatasakti Persada.

Don't generalize!

Don't generalize! I write in response to Mr Piero Ronci's reply (The Jakarta Post, July 4, 1995) to the letter of Mr M. Gliwitzki (The Jakarta Post, June 24, 1995) and his sentiments regarding the attitude of Mr Farid Baskoro towards expats.

Two killed as fire razes ship

Two killed as fire razes ship KENDARI, Southeast Sulawesi: Two men were killed and two others are missing following the sinking of a ship after it caught fire Monday off Pasar Wajo in Buton, Southeast Sulawesi.

Fire in Jambi

Fire in Jambi PALEMBANG, South Sumatra: Five people were injured when 192 houses and stores were razed by fire in Tanjung Jabung regency in Jambi on Sunday, Antara reported yesterday. Lt. Col. Muas Musa, chief spokesman of the South Sulawesi Police, said police were investigating the causes of the...

Rorotan farmers bring eviction case to House

Rorotan farmers bring eviction case to House JAKARTA (JP): Holding an Indonesian flag aloft, a group of farming families from Rorotan, North Jakarta, gathered at the House of Representatives yesterday to protest against their forceful eviction from land which they have been cultivating since the...

Private sector investments on the rise in Batam

Private sector investments on the rise in Batam JAKARTA (JP): State Minister for Research and Technology B.J. Habibie said yesterday that total investments on Batam Island reached US$5 billion as of the end of last year, with $4.2 billion or 83 percent coming from the private sector.

Trains service disappointing

Trains service disappointing JAKARTA (JP): Hundreds of passengers on the morning train from Bekasi to Senen were enraged yesterday when they were told to alight at the Gambir station on the grounds that their destination was "too busy" to enter.

No leprosy by 2000

No leprosy by 2000 UJUNGPANDANG, South Sulawesi: An accelerated target policy in South Sulawesi is expected to free the local people from leprosy by the year 2000, a local official of the Ministry of Health has said.

PT Sandang to assist in textile industry crisis

PT Sandang to assist in textile industry crisis JAKARTA (JP): Minister of Industry Tunky Ariwibowo says state- owned PT sandang I and PT Sandang II will assist small and medium-scale textile companies to cope with the shortages of textile materials.

Police need psychiatrist to question young mother

Police need psychiatrist to question young mother JAKARTA (JP): Police questioning a 25-year-old mother who killed her two infant boys last month said they need a psychiatrist to help them question her about the incident.

Only elite few may determine succession issue

Only elite few may determine succession issue By Haryoso SEMARANG (JP): The question of who will succeed President Soeharto, if and when he steps down, is very likely to be settled by the ruling political elite, a political scientist says.

Muhammadiyah yet to agree on candidates

Muhammadiyah yet to agree on candidates By Santi WE Soekanto and Wisnu Pramudya BANDA ACEH, Aceh (JP): After hours of tough deliberation yesterday, Muhammadiyah leaders failed yet again to name the 39 candidates for chairman.