Indonesian Political, Business & Finance News

Archive: 10 August 1995

52 articles found

Beijing assures Manila of positive talks on Spratlys

Beijing assures Manila of positive talks on Spratlys MANILA (AFP): China yesterday assured the Philippines it was willing to discuss "constructive measures" to resolve a dispute over the Spratly islands as the two sides began high-level talks here, the Philippine foreign secretary said.

Singapore thumps chest on 30th anniversary

Singapore thumps chest on 30th anniversary SINGAPORE (AFP): Singapore yesterday celebrated 30 years of independence with a chest-thumping display of patriotic fervor and economic triumph, tinged with nagging doubts about its long- term future.

Colin McRae seeking third straight win

Colin McRae seeking third straight win KUALA LUMPUR (AFP): Colin McRae will seek a third straight win in the Asia-Pacific championship when he takes his Subaru into the Malaysian rally on Saturday. In the race for the driver's title, the Scot's 100 percent record has opened up a 17 point gap...

Four held on assault charges

Four held on assault charges JAKARTA (JP): The Ciracas police detectives in East Jakarta have arrested all of the four suspects believed to have severely battered three women early last week. City Police spokesman Lt. Col.

Swines disarray football practice

Swines disarray football practice PEKANBARU, Riau (JP): A herd of swines overran a soccer field, where villagers were practicing for the much-coveted Independence Cup, and killed one player, a report said yesterday.

New retail concept opens in Jakarta

New retail concept opens in Jakarta JAKARTA (JP): A new retail center, Kelapa Gading Mall in North Jakarta, will open this month, and is expected to draw the attention of international shoppers, Jakarta's large expatriate community and the city's wealthy Indonesians. The opening of the US$37.

Takeover of Bank Papan shares violates rules

Takeover of Bank Papan shares violates rules JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) Chairman Bacelius Ruru said Tuesday that the sale of around 22 percent of Bank Papan Sejahtera's shares to businessman Jopie Widjaya violated the agency's disclosure procedures.

Indonesia accused of dumping dry pasta

Indonesia accused of dumping dry pasta JAKARTA (JP): Three Australian dry pasta companies accused Indonesia and Italy of having dumped their exports of dry pasta products into their country. The three companies, Nestle Ltd., San Remus Coy. and Uncle Toby's Ltd.

Rp 500b earmarked for infrastructure

Rp 500b earmarked for infrastructure JAKARTA (JP): The Ministry of Forestry will set aside Rp 500 billion (US$224.6 million) from the interest on its reforestation fund to finance the construction of the infrastructure facilities needed to create new rice fields in Central Kalimantan.

S. Korean champ nips local stars

S. Korean champ nips local stars JAKARTA (JP): South Korean basketball league champion KIA Motors warded off a stiff challenge from local stars for a lackluster 66-60 win in a friendly match at the Senayan Basketball Hall on Tuesday.

Motive of Bekasi rape still under study: Police

Motive of Bekasi rape still under study: Police JAKARTA (JP): Police announced on Tuesday that there has been no indication that the robbery and brutal rape of a mother and her two teenage daughters in Bekasi might have been masterminded by a property developer.

...but protests keep going on

...but protests keep going on JAKARTA (JP): Protests against the French nuclear testing program at Mururoa atoll, French Polynesia, are not new. Similar protests and acts of sabotage have been conducted since the beginning of the tests but the results have been almost zero in terms of influencing...

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.

Pyongyang spurns Seoul's overtures

Pyongyang spurns Seoul's overtures SEOUL (Reuter): North Korea has shelved rice talks with the South, accusing a sailor on a South Korean rice ship of spying, Seoul's Vice-Unification Minister Song Young-dae said yesterday.

Kramat Tunggak hookers to get three-day holiday

Kramat Tunggak hookers to get three-day holiday JAKARTA (JP): The Jakarta administration has ordered prostitutes in the Kramat Tunggak red-light district in North Jakarta to stop working between Aug. 17 to 19 during Indonesia's independence celebrations, an official said.

German MPs concerned at Bintang case

German MPs concerned at Bintang case JAKARTA (JP): The head of a visiting German parliamentary delegation has expressed discontent with the legal action against former legislator Sri Bintang Pamungkas for his remarks about President Soeharto during his visit to Germany in April.

Arab to finance RI projects

Arab to finance RI projects RIYADH (AFP): The Arab investment firm Hi-Tech International Group said it would finance the construction of two oil refineries in Indonesia and one in Djibouti for a total cost of US$3.4 billion.

INRO raises reference price by five percent

INRO raises reference price by five percent KUALA LUMPUR (AFP): The International Natural Rubber Organization (INRO) Tuesday raised its buffer stock reference price by five percent to 206. 68 Malaysian/Singapore cents a kilogram (2.2 pounds) at a special session here.

Pressure up on France over nuclear tests

Pressure up on France over nuclear tests SYDNEY (AFP): Japan and Australia stepped up their war of words with France yesterday after it shrugged off a New Zealand threat to go to the international court over its planned South Pacific nuclear test program.

Scientists mixed on tests...

Scientists mixed on tests... By Sujatmiko Jakarta (JP): France's decision to resume its nuclear testing in South Pacific is a symbol of continued French arrogance and disregard on the life of other peoples.

City Council abjures parking management plan

City Council abjures parking management plan JAKARTA (JP): City Council has rejected a proposal on parking management by PT Ikabina Karya Sukses, on the grounds that the idea contains several weaknesses, including elements of gambling and poor services.

ASEAN symbol to get a new face due to Vietnam

ASEAN symbol to get a new face due to Vietnam JAKARTA (JP): The Association of Southeast Asian Nations (ASEAN) will need to change its symbol to accommodate the entry of its seventh member, Vietnam, which joined last month.

Intellectual group seeks top leader

Intellectual group seeks top leader JAKARTA (JP): A new intellectual organization founded last month by lecturers at General Soedirman University in Purwokerto, Central Java, is looking for a leader of national stature in line with its goal to expand beyond its campus borders.

Perumnas to use confiscated wood

Perumnas to use confiscated wood JAKARTA (JP): Perum Perumnas, the state-owned housing developer, is still waiting for government instructions authorizing them to use wood confiscated from illegal logging in the construction of low and medium-cost public housing, said its president, Srijono.

Wall climbing competition

Wall climbing competition JAKARTA (JP): The City Tourism Office will hold a wall climbing competition at the site of the Flora and Fauna Competition in Lapangan Banteng, Central Jakarta, from Aug. 11 to 13.

Cleaning up Jakarta

Cleaning up Jakarta JAKARTA (JP): Mandarin Oriental Jakarta is holding a campaign to clean up Surapati Park and Sunda Kelapa Mosque in Central Jakarta on Saturday. The activity, to involve 50 of the hotel's workers, is being conducted in conjunction with the commemoration of the golden anniversary...

ET code removal hailed

ET code removal hailed JAKARTA (JP): The government's decision to remove the Eks Tahanan-politik (ET) code from the identity cards of former political detainees has gained support from various circles. Arief Budiman, who used to teach at Satya Wacana Christian University in Salatiga, Central Java,...

Jakarta manpower office sets up employment information center

Jakarta manpower office sets up employment information center JAKARTA (JP): The city office of the Ministry of Manpower has set up an employment information center to serve people who want to know about employment matters, including job opportunities in the city.

Semen Andalas will export its products

Semen Andalas will export its products JAKARTA (JP): PT Semen Andalas Indonesia, which suffered losses during the first seven months due to its increasing stockpile, will export 10,000 tons of cement a month, said the company's president, Martin R. Wilkes.

Indo-Rama's profit doubles

Indo-Rama's profit doubles JAKARTA (JP): PT Indo-Rama Synthetics, a publicly-listed textile company, reported a 108 percent increase in its net profit during the first semester of this year to Rp 62.5 billion (US$27.9 million) from the same period of last year.

2,500 houses to be demolished

2,500 houses to be demolished JAKARTA (JP): Approximately 2,500 houses in South Jakarta will be demolished to make way for the construction of a 12-kilometer toll road between Pondok Pinang and Meruya. The houses to be demolished are in Pondok Pinang, Bintaro, Pesanggrahan, Petukangan Utara,...

Businesses told to give the people a break

Businesses told to give the people a break JAKARTA (JP): Successful businesses should give people reasonable discounts on merchandise offered at the People's Market so that they can afford to buy the goods they need, a high-ranking city official said.

Elderly man dies in Buton fire

Elderly man dies in Buton fire KENDARI, Southeast Sulawesi: An 80-year old man was killed when a fire broke out in a mansion in Bau-bau, a city in Buton regency, in the early hours on Tuesday. Several other people suffered burns and were rushed to the hospital, Antara reported.

LIPI embarks on biodiversity project

LIPI embarks on biodiversity project JAKARTA (JP): The Indonesian Institute of Sciences (LIPI) has embarked on an ambitious project to exploit, develop and conserve Indonesia's huge biodiversity resources.

Preparing for a bigger role

Preparing for a bigger role Today (Tuesday, Aug. 8) ASEAN enters its 28th year of existence. When it was formed on Aug. 8, 1967, the world was living in a Cold War atmosphere. The strongest bond at that time -- although never explicitly stated -- was a common sense of belonging in the face of the...

Disco frequenters not all bad

Disco frequenters not all bad JAKARTA (JP): The majority of young people who frequent Jakarta's discotheques are not as bad as the local media often stereotype them, an official survey says. Most are there for the atmosphere, to meet acquaintances, or to make new friends, have a few drinks and...

Five Swedes questioned

Five Swedes questioned JAYAPURA, Irian Jaya: The Swedish embassy in Jakarta has appealed to the police in Irian Jaya to speed up the investigation of five Swedes accused of illegally catching butterflies in the province. Antara news agency reported that the embassy's charge d'affaires, H.

New spinning mill built in C. Java

New spinning mill built in C. Java JAKARTA (JP): PT Adikencana Mahkotabuana has started constructing a Rp 30 billion (US$13.4 million) spinning mill in Weru village, Central Java. The company's president commissioner, Muhammad Lukminto, was quoted by Antara as saying that the new mill will have a...

Post office needed

Post office needed It is nice to have a new building at Sudirman Central Business District on Jl. Sudirman, South Jakarta. The building, which more than 30 floors, is situated exactly opposite the Jakarta Hilton International Hotel, to the left of Kodak (Jakarta Metropolitan City Police Office) and...

Water crisis hits Larantuka

Water crisis hits Larantuka LARANTUKA, East Nusa Tenggara: A clean water crisis has affected about 25,000 residents on Solor Island, about 10 kilometers south of here. Residents said Tuesday that water shortages have occurred every dry season since 1986, when a major well built by the local...

ASEAN's future

ASEAN's future The annual round of ASEAN foreign ministers' meetings has become such a complex event that it is sometimes difficult to sort out the important bits from the details. In some respects this year's meetings appeared bland, but on a handful of important issues, ASEAN has taken...

Tax break for new mining contractors

Tax break for new mining contractors JAKARTA (JP): The government will reduce income tax on new mining contractors operating under sixth generation work contracts to a maximum of 25 percent, lower than the current highest rate of 30 percent.

Activists to cite reproductive rights at Beijing meeting

Activists to cite reproductive rights at Beijing meeting JAKARTA (JP): Indonesian women activists are preparing to campaign for women's reproductive rights at the United Nations Conference on Women in Beijing next month, though they hope to steer clear of the issue of sexual rights.

Sikap secures power deal

Sikap secures power deal KUALA LUMPUR (AFP): A Malaysian consortium comprising Sikap Group, national power firm Tenaga Nasional and Renong Bhd. are to build a 24-billion-ringgit (US$9.6 billion) power plant at Bukit Asam, Indonesia, company officials said.

TV today

TV today TVRI 2:30 p.m. TV Series: Stories To Remember 3:05 Culture Program 3:30 TV Series: Harapan Nan Sirna 4:30 Women's Program 5:00 Regional News 5:30 Arabic Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Islam 7:00 Evening News...

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 8, 1995: Trading Shares Close Change Volume --------------------------------------------------------- Ades Alfindo 2,350 0 0 AHAP Insurance 3,300 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 2,050 -25 51,000 Aneka Kimia...

German gets 17 years for murder

German gets 17 years for murder MANILA (AFP): A German resident of the Philippines was jailed for 17 years in Manila for the murder of a Filipina prostitute two years ago, a lower court said yesterday. Helmut Bister, 41, an electrical engineer from West Fahren, Germany, was found guilty of the...

RP seeks protection for maids in Singapore

RP seeks protection for maids in Singapore MANILA (Reuter): Singapore and the Philippines will confer this month on how to protect the 65,000 Filipinos, mostly maids, working in Singapore, Philippines Foreign Secretary Domingo Siazon said on Tuesday.

Yen drop no instant remedy for RI depts

Yen drop no instant remedy for RI depts JAKARTA (JP): State Minister for National Development Planning Ginandjar Kartasasmita said Tuesday the slight appreciation of the U.S. dollar against the Japanese yen will have no immediate impact on Indonesia's debt servicing burdens.

Jakarta asked to probe death

Jakarta asked to probe death PALANGKA RAYA, Central Kalimantan: A former Antara journalist has asked National Police Chief Gen. Banurusman Astrosemitro to look his daughter's death, which occurred under unusual circumstances. J.F.

Manipulating invoices

Manipulating invoices The submission to the Attorney General's Office of dossiers on 51 companies in Greater Jakarta charged with tax fraud by the tax directorate general last week, is more evidence of the extensive use of false or fabricated sales invoices in Indonesia.

PT Astratel allocates $228m for telecom project

PT Astratel allocates $228m for telecom project JAKARTA (JP): PT Astratel Nusantara, a subsidiary of the Astra International group, has allocated US$228 million for its equity capital in a project to install 516,000 fixed-telephone lines, worth $570 million, in Sumatra within the next four years.