Indonesian Political, Business & Finance News

Archive: 11 August 1995

53 articles found

Flood destroys bridge in Palu

Flood destroys bridge in Palu PALU, Central Sulawesi: Major floods swept through the province yesterday, destroying a bridge and carrying away at least 10 houses but causing no fatalities. The collapsed bridge was in the Ulubongka subdistrict.

TV today

TV today TVRI 2:35 p.m. TV Series: Good Vibrations 3:05 Langka & Unik 3:30 Science Program 4:05 Student 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...

Bintang files lawsuit

Bintang files lawsuit JAKARTA (JP): Controversial politician Sri Bintang Pamungkas filed a lawsuit with the Jakarta State Administrative Court yesterday asking that he be reinstated as a member of the House of Representatives.

Indosat to pay interim dividends in November

Indosat to pay interim dividends in November JAKARTA (JP): PT Indosat, the first Indonesian company listed on the New York Stock Exchange, will pay interim dividends of Rp 64 (2.4 U.S. cent) a share to its shareholders.

Unity stays firm despite feudalism, monopoly threats

Unity stays firm despite feudalism, monopoly threats JAKARTA (JP): A recent survey has found that Indonesia has become more unified over the past 30 years but that stability is threatened by business monopolies and feudalism.

Australian yacht first to reach target

Australian yacht first to reach target JAKARTA (JP): Australia's A Room With A View was the first ship to cross the finish line in the Arung Samudera 1995 yacht race between Bali and Jakarta on Wednesday night.

Man faces trial for corruption

Man faces trial for corruption SERANG, West Java: The district court will open the trial of a land broker accused of embezzling Rp 1.9 billion (US$850,000) in a fund earmarked for land acquisition. The suspect, H.

Role of language may be overstated

Role of language may be overstated JAKARTA (JP): The role of the Indonesian language in unifying the nation may have been overstated, a political scientist said yesterday. Dede Oetomo, a staff lecturer at Airlangga University in Surabaya, told a seminar that Bahasa Indonesia should not be...

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 10, 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 0 258,500 Aneka Kimia...

Condom debate rages in Samarinda

Condom debate rages in Samarinda SAMARINDA, East Kalimantan: The local family planning agency is opposed to a proposal by the Moslem Ulemas Council (MUI) to confine sales of condoms to drugstores and to limit their use to married couples who have a doctor's prescription.

Regional autonomy program will boost democracy: Rudini

Regional autonomy program will boost democracy: Rudini SEMARANG (JP): The current drive for greater regional autonomy will not only check the public's negative views of the centralistic administration of the government, but also strengthen democratization, a political observer says.

Bouraq plane goes missing in Irian

Bouraq plane goes missing in Irian JAKARTA (JP): Search and Rescue (SAR) workers yesterday combed the coast and the hinterland of the Fak Fak regency in Irian Jaya looking for a Hawkey Siddeley 748 plane belonging to Bouraq airlines that went missing Wednesday.

Irian Jaya gets subsidy

Irian Jaya gets subsidy JAKARTA (JP): The Ministry of Transportation is allocating Rp 13 billion (US$5.7 million) this fiscal year for a transportation subsidy in Irian Jaya, an official said. Out of that fund, Rp 7 billion will be used for sea a transportation subsidy, Rp 5 billion for air...

State plantation firm suffers huge losses

State plantation firm suffers huge losses JAKARTA (JP): The state plantation tobacco company in Jenggawah, East Java, has suffered more than Rp 1 billion ($440,000) in losses through fires and vandalism as a land conflict in the area heightens.

Indonesia to import U.S. livestock and embryos

Indonesia to import U.S. livestock and embryos JAKARTA (JP): Indonesia signed a memorandum of understanding yesterday with the United States on the import of high-quality livestock, embryos and semen under the latter's GSM-103 credit program for livestock commodities.

Indonesia No. 1 corrupt country?

Indonesia No. 1 corrupt country? An interesting article on corruption, as seen by foreign magazine Der Spiegel, appeared in the Merdeka daily on July 27, 1995. In my opinion it was a serious report. Whether we agree or disagree with what was reported and the statement that Indonesia is the No.

Archery now free from politics

Archery now free from politics By Arif Suryobuwono JAKARTA (JP): The international archery body, FITA, can learn a lot to assist it in the effort to rid sports of political barriers from the diplomatic row which preceded the 38th World Archery Championships. FITA President James L.

Formula Brabham starts tomorrow

Formula Brabham starts tomorrow JAKARTA (JP): Paul Stokell, title holder of the Australian Drivers Championship in the goldstar division, will be among the 23 foreign drivers to race in the Formula Brabham, slated to start tomorrow afternoon at the Sentul circuit, Bogor, West Java.

Amway opens in Bandung

Amway opens in Bandung JAKARTA (JP): PT Amindoway Jaya, the sole distributor of Amway products in Indonesia, has opened a pick up center in Bandung, West Java, to meet the increasing market demand for its products. The company's president, Frank D.

Projections blamed for fall in rubber prices

Projections blamed for fall in rubber prices KUALA LUMPUR (AFP): Malaysia yesterday blamed bloated projections of rubber output by rival producing countries for the 30 percent fall in prices in the last few months just when the market were enjoying its six-year highs.

Food safety, inspection to be regulated

Food safety, inspection to be regulated JAKARTA (JP): State Minister of Food Ibrahim Hasan announced here yesterday that his office plans to issue regulations on food safety and food inspection to cope with afflictions caused by damaged or contaminated foodstuffs.

Govt financial discipline eroded, says economist

Govt financial discipline eroded, says economist JAKARTA (JP): Economist Anwar Nasution says the increasing shift of capital flows to Indonesia to short-term and commercial borrowings as well as short-term funds should be blamed partly on the erosion of private and public sector financial...

RI-Netherlands forums to hold first conference

RI-Netherlands forums to hold first conference JAKARTA (JP): The newly-founded Indonesia-Netherlands Forum (FINED) and its counterpart Netherlands-Indonesia Forum (FNI) will hold their first conference at the Grand Hyatt hotel on Aug. 22 and Aug. 23.

Three-day silence augurs well for crew of seized ship

Three-day silence augurs well for crew of seized ship By Kate Webb SEOUL (AFP): An unusual three-day silence from both sides of the Korean peninsula over a South Korean rice ship seized on Sunday augurs well for the tentative thaw between the rivals, analysts said Wednesday.

TNT, Tigaraksa tie up

TNT, Tigaraksa tie up JAKARTA (JP): TNT Logistics Asia Pte. Limited and PT Tigaraksa Satria agreed here yesterday to establish a joint venture firm to provide logistic services in Indonesia. David Mortimer, the managing director and chief executive officer of TNT Limited, said that the joint...

Modest start to RI genetic engineering

Modest start to RI genetic engineering BOGOR, West Java (JP): Indonesia has entered the most modern branch of science in a very humble way. From a temporary laboratory in his modest home here, Yanuarso, a staff researcher at the Agency for the Assessment and Application of Technology (BPPT), has...

Revolution fund does exist: Suhardiman

Revolution fund does exist: Suhardiman JAKARTA (JP): Deputy chairman of the Supreme Advisory Council Suhardiman reiterated his belief yesterday that the multi-billion dollar revolution fund does exist. "What we need to do now is to find out its whereabouts and how much is remaining," said the aging...

Improving public services

Improving public services The Minister for State Administrative Reform, TB Silalahi, has disclosed that tokens of appreciation will be presented to departments in the administration which are regarded as having given the best service to the public.

Robbers make off with valuables

Robbers make off with valuables BEKASI (JP): Four robbers armed with sharp weapons broke into the house of a resident in the Lemang Abang subdistrict of Bekasi on Tuesday night, making off with a Kijang van, a television set, 35 grams of gold jewelry and Rp 1 million in cash.

Possibility of chaos in 1998 ruled out

Possibility of chaos in 1998 ruled out JAKARTA (JP): Noted economist Sjahrir predicts an average growth rate of more than seven percent for Indonesia's economy during the 1995-2000 period and rules out the possibility of chaos during the succession of the national leadership in 1998.

Youth murder bus station

Youth murder bus station JAKARTA (JP): A youth was beaten and stabbed to death yesterday at Kampung Rambutan bus station, East Jakarta, police reported. According to Ciracas police precinct, the victim, identified as Basroni, 18, was stabbed in the stomach. The motive for the killing is unknown.

S. Korea seeks talks with North on ship

S. Korea seeks talks with North on ship SEOUL (Reuter): South Korea sought yesterday to open talks with communist North Korea to negotiate the return of its rice ship and 21 crew held by the North on spy charges.

Yayuk upsets Fernandez in Acura Classic

Yayuk upsets Fernandez in Acura Classic MANHATTAN BEACH, California (Agencies): Indonesia's best tennis player, Yayuk Basuki, played one of her most enchanting games as she tuned-up for the U.S. Open with a second-round win over seventh seed Mary Joe Fernandez in the Acura Classic championships on...

'Abolish subsidies to flour industry'

'Abolish subsidies to flour industry' JAKARTA (JP): Government control of the wheatflour industry has benefited only the Salim business group with its virtual monopoly of the upstream and downstream factories, economists alleged yesterday. Didik J.

U.S. congressmen to visit E. Timor

U.S. congressmen to visit E. Timor DILI, East Timor: An 18-member delegation of the American Congress will make a two-day visit starting today to collect information on development in the province, a local official said yesterday.

Work training center for Irianese

Work training center for Irianese JAYAPURA, Irian Jaya: The Fak Fak regency government and copper company PT Freeport Indonesia are building a vocational training center for indigenous people in Timika.

RI to enter jet aircraft industry, Soeharto says

RI to enter jet aircraft industry, Soeharto says BANDUNG, West Java (JP): With experience in the aviation industry going back to 1976, Indonesia is now ready to undertake more sophisticated technology by manufacturing passenger jets, President Soeharto said yesterday.

RI's N-250 first flight successful

RI's N-250 first flight successful BANDUNG, West Java (JP): Indonesians witnessed yesterday the successful maiden flight of the country's first domestically- designed medium-range commuter aircraft, the N-250. President and First Lady Tien Soeharto, Vice President and Mrs.

Prosecutors receive Danasonic dossiers

Prosecutors receive Danasonic dossiers JAKARTA (JP): City police have handed over the dossiers on the controversial Danasonic savings scheme to the prosecutors' office, along with an elderly couple known as executives of a firm which ran the business.

Hight-rise housing drive faces funding hurdles

Hight-rise housing drive faces funding hurdles JAKARTA (JP): The city administration's determination to promote the development of high-rise housing is facing various problems, ranging from low personal incomes to escalating land prices, an official said yesterday.

'Inter-generation dialog could allay differences'

'Inter-generation dialog could allay differences' JAKARTA (JP): Although the process of one generation taking over from the one before it is natural, it needs sincerity as well as mental and intellectual preparedness, according to City Military chief Maj.Gen. Wiranto.

'Johnny Mnemonic' best left buried in memory

'Johnny Mnemonic' best left buried in memory By Jason Tedjasukmana JAKARTA (JP): With the blockbuster summer in full swing in the States, it seems some alternative rockers off the Lollapalooza roster have found work elsewhere -- in Johnny Mnemonic, the latest film by New York artist Robert Longo.

$33.7 million grant from Japan for two projects

$33.7 million grant from Japan for two projects JAKARTA (JP): Japan signed diplomatic notes with Indonesia yesterday on 3.09 billion yen (US$33.7 million) in grant assistance for two projects aimed at increasing food production and conserving biodiversity.

Students demonstrate at embassy over flag burning

Students demonstrate at embassy over flag burning JAKARTA (JP): A group of students staged a demonstration at the Australian Embassy yesterday to protest reports of an Indonesian flag being burned in Australia two weeks ago.

JSX photo display

JSX photo display We are referring to the article published in the "Focus on Jakarta" column of The Jakarta Post, Aug. 2, 1995 concerning comments made by a number of artists represented by Adi Kurdi. The committee of the Photo Exhibition of the 1995 Stock Exchange wishes to give the following...

N-250 finally flies

N-250 finally flies Indonesia's 190 million people, with a per capita income of US$885, should feel extremely proud that their first wholly domestically made airplane, once rejected as a futile, wasteful project by detractors and pessimists, did fly after all.

Industrialization not viable in eastern Indonesia: Hadi

Industrialization not viable in eastern Indonesia: Hadi JAKARTA (JP): An economist warned yesterday that the development of the manufacturing industry in Indonesia's eastern provinces will not be viable in the long run.

Man-made gases

Man-made gases Lately The Jakarta Post has featured many excellent articles about air pollution. Clearly, both Earth's atmosphere and its inhabitants are choking on man-made gases. Here are some basic solutions to consider: * teach environmentalism.

Unexpected desire

Unexpected desire From Bisnis Indonesia We are all very concerned about the various evil deeds prevailing these days. Life seems to be unsafe, people are haunted by the crimes and violence that may befall them.

Profit not losses

Profit not losses I would like to draw your attention to an article on page one of your newspaper on Aug. 7, 1995. It is about one of our clients, PT Semen Andalas Indonesia, and had the headline Andalas suffers losses of Rp.2.4 billion. The article mentioned that SAI suffered a total loss of Rp 2.

Medical treatment free of charge

Medical treatment free of charge JAKARTA (JP): More than 800 patients of a puskesmas community health center in Kebayoran Lama, South Jakarta, enjoyed medical treatment free of charge for a day, on Tuesday.

Various programs at CitraLand Mall

Various programs at CitraLand Mall JAKARTA (JP): CitraLand Mall, one of the city's major retail business centers, is launching a special program called Gemilang Indonesiaku (My Brilliant Indonesia) from Aug. 9 to 27.

Military's support for Golkar questioned

Military's support for Golkar questioned JAKARTA (JP): The Armed Forces should reduce its support for Golkar, the ruling political organization, to help improve the democratization process in the country, a former senior Army general said yesterday. Maj. Gen. (ret.