Indonesian Political, Business & Finance News

Archive: 16 August 1995

57 articles found

Kiani Lestari defends delay in share offering

Kiani Lestari defends delay in share offering BALIKPAPAN, East Kalimantan (JP): Timber mogul Muhammad Hasan has denied that the delay in the planned initial public offering of shares in his integrated wood-based firm, PT Kiani Lestari, reflects investor wariness, saying that the company is simply...

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.

Domestic companies told to invest abroad

Domestic companies told to invest abroad JAKARTA (JP): The government is encouraging private companies to invest abroad to control global distribution and marketing networks, Minister of Trade Satrio B. Joedono said yesterday.

Ministry announces winners of student science contest

Ministry announces winners of student science contest JAKARTA (JP): The Ministry of Education and Culture and the Indonesian Institute of Sciences (LIPI) announced the winners of their scientific contests for teenagers yesterday.

Asia's rice supply expected to improve

Asia's rice supply expected to improve SINGAPORE (Reuter): Asia's rice supply crunch is likely to end by early 1996 on expectations of good harvests in Thailand, Vietnam and other major producer countries, traders said yesterday.

Not all in Asia happy with Japan war apology

Not all in Asia happy with Japan war apology HONG KONG (Reuter): Asian nations welcomed Prime Minister Tomiichi Murayama's apology yesterday for World War II actions, but some governments, veterans and victims of Japan's aggression demanded more to ease their painful memories.

'Dewa Ruci' wins President Cup

'Dewa Ruci' wins President Cup JAKARTA (JP): The Indonesian Navy's sailboat Dewa Ruci was declared the overall winner of the Arung Samudera 1995 tall ship sailing race yesterday, although it was not the first to reach Jakarta in the 480-mile regatta across the Java Sea.

PT CSU to complete barter process this month

PT CSU to complete barter process this month JAKARTA (JP): PT Catur Swasakti Utama (CSU), the developer of the Taman Rasuna Said apartments, is scheduled to complete its barter process with the city administration on Aug. 21, one of the company's executives disclosed yesterday.

Police destroy marijuana field

Police destroy marijuana field BANDA ACEH, Aceh: Police have destroyed a 750-square-meter marijuana plantation and arrested a farmer in the Seulimun district, about 50 kilometers west of here. Local police chief Lt. Col. Soedarmadji said yesterday the authorities had also confiscated 2.

Heroes of Indonesia's revolution

Heroes of Indonesia's revolution JAKARTA (JP): Beginning today, The Jakarta Post will be carrying a series of articles which the editors hope will help readers put the momentous events surrounding Indonesia's independence, proclaimed on Aug.17, 1945, in better perspective.

Globalization: A challenges to RI diplomacy

Globalization: A challenges to RI diplomacy By Jusuf Wanandi JAKARTA (JP): Indonesia's foreign policy has always been based on national interest and other objectives, namely to take part in common efforts to establish a world order based on freedom, peace and social justice.

Pramoedya may travel: Immigration authorities

Pramoedya may travel: Immigration authorities JAKARTA (JP): Immigration authorities have no objection to issuing travel documents to writer Pramoedya Ananta Toer for a trip to Manila later this month to fetch his Magsaysay award, an official said yesterday.

Protesters demand release of more political prisoners

Protesters demand release of more political prisoners JAKARTA (JP): Around 50 students and youths calling themselves members of the Majelis Penyelamat Kedaulatan Rakyat (Rescuers of the People's Sovereignty) staged a demonstration in front of the Cipinang prison yesterday, urging the government to...

Subic visa-free for 14 days

Subic visa-free for 14 days MANILA (Reuter): President Fidel Ramos said yesterday the Subic freeport zone in the northwestern Philippines would be made a visa-free area for foreigners visiting for up to 14 days.

After 50 years RI democracy needs reform

After 50 years RI democracy needs reform As the nation fetes its 50th anniversary of independence this month, noted political scientist J. Soedjati Djiwandono examines our political life and the challenges that lie ahead. JAKARTA (JP): Half a century is a young age for a nation.

Indonesia athletes try out in Malaysia

Indonesia athletes try out in Malaysia JAKARTA (JP): After four months of training, national track and field athletes will have to prove whether practice makes perfect during two tournaments in Malaysia and Singapore which start this weekend.

Moerdiono dashes hopes of national reconciliation

Moerdiono dashes hopes of national reconciliation JAKARTA (JP): Minister/State Secretary Moerdiono yesterday dashed all hopes for a reconciliation between President Soeharto and some of his staunchest critics as urged by some of the country's elder statesmen.

PSSI's nominee choices still up in the air

PSSI's nominee choices still up in the air JAKARTA (JP): The All-Indonesia Football Association (PSSI) is holding back all junior players from joining the centralized training program for the Southeast Asian Games pending their completion of their Olympic Games qualifying round duty.

Move 'Kramat Tunggak' to a coastal area: Mayor

Move 'Kramat Tunggak' to a coastal area: Mayor JAKARTA (JP): The North Jakarta mayor has suggested that the 11-hectare Kramat Tunggak red-light district be relocated to a coastal area in the Jakarta Bay reclamation project instead of Rawa Malang in Cilincing, North Jakarta.

Indonesia to host Asian advertising congress

Indonesia to host Asian advertising congress JAKARTA (JP): Indonesia will host a gathering of top Asian advertising executives in November to review the state of the industry which has been growing robustly in virtually all countries in the Asia region.

Inco gets new president

Inco gets new president JAKARTA (JP): PT Intercontinental Nickel Indonesia (Inco) announced yesterday that Rumengan Sumu will replace James D. Guiry on Sept. 1 as its new president and chief executive officer. The company said in a statement here that M.V.

More students join anti-AIDS campaign

More students join anti-AIDS campaign JAKARTA (JP): More than forty students of the private Indonesian Christian University (UKI) completed yesterday a two- day training course on AIDS awareness. They will join thousand of students from other universities, as well as high schools, in holding...

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 15, 1995: Shares Close Change Trading Volume ------------------------------------------------------------------ Ades Alfindo 2,350 0 0 AHAP Insurance 3,300 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 2,050 0 169,500...

Police told not to use guns at 'Kenduri Nasional'

Police told not to use guns at 'Kenduri Nasional' JAKARTA (JP): About 5,500 security personnel, from the city police, military and related agencies, have been ordered not to use bullets in safeguarding the Kenduri Nasional grand party at the National Monument (Monas) park on Saturday.

Taxi service

Taxi service Like some previous correspondents, I, too, have to rely heavily on taxis in order to get around Jakarta. Incidents, which seem to be recently occurring, are worth noting. Firstly, certain taxis are refusing to carry passengers who wish to travel shorter distances; according to the...

Jakarta to host philately expo

Jakarta to host philately expo JAKARTA (JP): Indonesia will host the Asian International Philately exhibition, from Aug. 19 to Aug. 25, Director General of Post and Telecommunications Djakaria Purawidjaja said.

A 50-year journey

A 50-year journey It was on June 1st, 1945, that Sukarno, then a prominent 44- year-old nationalist leader, asked the 62 members of the Preparatory Committee for the Investigation of Indonesian Independence: What is freedom? When can one say if a nation is ready for independence? He received...

Monopolies can benefit consumers, says minister

Monopolies can benefit consumers, says minister JAKARTA (JP): The concentration of industrial activities from the upstream to downstream levels in a certain group of companies will benefit consumers as long as their operation is efficient, Minister of Industry Tunky Ariwibowo said yesterday.

103 Irianese get remissions

103 Irianese get remissions JAYAPURA, Irian Jaya: As many as 103 convicts serving sentences in the Abepura prison will have their jail terms reduced in recognition of good conduct. The government will extend the remissions in honor of the 50th anniversary of Indonesia's independence, which falls...

Sielding Pancasila from inflationary devaluation

Sielding Pancasila from inflationary devaluation By Franz Magnis-Suseno JAKARTA (JP): Fifty years of Indonesian independence also means 50 years Pancasila. On Aug. 18, one day after the Proclamation of Independence, Indonesia's first constitution, the famous 1945 Constitution still enforced, was...

Basketball exhibition to mark anniversarry

Basketball exhibition to mark anniversarry JAKARTA (JP): The 50th anniversary of Indonesia's independence, together with the NBA's "All Stars Game", have inspired the Indonesian Basketball League to pit two Indonesian teams against one another in an all-star exhibition game at the Senayan...

Satelindo's GSM enters Bandung

Satelindo's GSM enters Bandung BANDUNG, West Java (JP): PT Satelit Palapa Indonesia (Satelindo), a private telecommunications operator, started its expansion of Global System for Mobile Communications (GSM) operations yesterday.

Spotlight

Spotlight Photo A: Barito JP/alx BARITO'S SUCCESS: Chairman of the Indonesian Council of Ulemas KH Hasan Basri (right), who is also a leading figure in the South Kalimantan community, shakes hand with business tycoon Prayogo Pangestu during a gathering to celebrate the Barito Putra soccer club's...

Indonesians afraid to criticize officials, poll finds

Indonesians afraid to criticize officials, poll finds JAKARTA (JP): A great number of Indonesians believe government officials should be open to criticism, but not all of them dare to do the criticizing, a poll has found.

On national reconciliation

On national reconciliation The meaning of reconciliation as referred to by Gen. (ret.) Abdul Harris Nasution became clearer when, by way of illustration, he said that peace should be made (by the government and the national leadership) with the group of Ali Sadikin and the students.

'Kirab Remaja' march appreciated but needs revision

'Kirab Remaja' march appreciated but needs revision Under the sponsorship of Mrs. Hardiyanti Indra Rukmana, Indonesia has since 1990 held a prestigious youth march. Called Kirab Remaja Nasional, the biennial march passes through towns and villages throughout the country to strengthen the...

PT Indosat will operate border-cross calls

PT Indosat will operate border-cross calls JAKARTA (JP): PT Indosat, the state-owned international telecommunications operator, will begin operating border-cross calls next month, the business pioneered by the state-owned domestic telecommunications firm PT Telkom.

TV today

TV today TVRI 8:00 a.m. Special: The speech from President Soeharto 2:35 p.m. TV Series: Bridge Of Adam Rush 3:05 Music 3:30 Science Film 4:05 Around Us 4:30 Documentary Film 5:00 Regional News 5:30 Indonesian Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:30 Science Program...

Seminar on traffic jams

Seminar on traffic jams I read in the newspapers that the Chamber of Commerce and Industry of Jakarta would hold a one-day seminar on traffic jams and their impact on trade in the year 2000, if conditions do not improve.

M. Yusuf gets nation's top honor

M. Yusuf gets nation's top honor JAKARTA (JP): Gen. (ret.) Andi Amir M. Yusuf, one of the most respected senior figures in the Indonesian Armed Forces, was awarded the country's highest medal for meritorious services by President Soeharto yesterday.

TSE, JSX to sign pact

TSE, JSX to sign pact TOKYO (Kyodo): The Tokyo Stock Exchange (TSE) will sign a cooperation agreement with the Jakarta Stock Exchange (JSX) before the end of the year to prepare for the listing of Indonesian stocks on the TSE, exchange officials said yesterday.

Soebandrio and Omar Dhani released

Soebandrio and Omar Dhani released JAKARTA (JP): Former deputy prime minister Soebandrio pledged to stay away from politics last night shortly before he was due to walk into his freedom after 29 years of incarceration.

Summarecon donates more public facilities

Summarecon donates more public facilities JAKARTA (JP): PT Summarecon Agung, a large-scale real estate developer, handed over yesterday, for the sixth time, more social and public facilities, built in its housing complex in Kelapa Gading, to the North Jakarta mayoralty.

Gadjah Tunggal's profit up

Gadjah Tunggal's profit up JAKARTA (JP): PT Gadjah Tunggal recorded a 28 percent increase in its profit to Rp 50 billion (US$22 million) in the first six months of this year. The company announced in a statement yesterday that the profit increase was contributed to the rapid growth in sales, which...

No survivors in Bouraq plane crash

No survivors in Bouraq plane crash JAKARTA (JP): All 10 people on board the Bouraq HS 748 plane that crashed into a mountain in Irian Jaya last week were found dead by search and rescue workers yesterday. An official at Bouraq's central office in Jakarta confirmed their deaths.

LPG used for cars

LPG used for cars JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana launched yesterday the use of liquefied petroleum gas (LPG) for motor vehicles, which he said is 50 percent cheaper than gasoline.

Perth tour package launched

Perth tour package launched JAKARTA (JP): Garuda Indonesia launched yesterday a new tour package to the Australian city of Perth, in an effort to boost competitiveness of its service. Garuda Indonesia's general manager for Jakarta, I.H.

Veterans look back to Independence Day

Veterans look back to Independence Day JAKARTA (JP): The proclamation of Indonesia's independence 50 years ago was an "eruption of the energy of the people" to free themselves from the shackles of colonialism and to achieve glory for the nation, a former freedom fighter said last night.

Private trains to operate soon

Private trains to operate soon JAKARTA (JP): The Greater Jakarta area is likely to be served by privately-owned electric trains as early as next year, Director General of Land Transportation Soejono said yesterday.

Complicated land permit processing intentional: Official

Complicated land permit processing intentional: Official JAKARTA (JP): An official of the city administration said yesterday that the so-called arduous, most bureaucratic and time consuming procedures to obtain land use licenses (SIPPT) constitute a mechanism created on purpose to protect...

Mini marathon

Mini marathon JAKARTA (JP): A five-kilometer mini marathon will be held on Aug. 20 by Yayasan Pelita Ilmu, a foundation which deals with AIDS problems. The marathon, titled Indonesia in AIDS Awareness, will start from Jalan Ageng Baris Raya in South Jakarta and finish in Tebet Timur, South Jakarta.

Holiday

Holiday In observance of the 50th anniversary of Indonesia's independence, The Jakarta Post will not be published tomorrow. The Post will appear again on Friday. -- Publisher

New phone lines for E. Jakarta

New phone lines for E. Jakarta JAKARTA (JP): To commemorate the golden anniversary of Indonesia's independence, the East Jakarta office of the state- owned telecommunications firm PT Telkom is offering 10,578 new telephone lines in 14 East Jakarta districts.

Bodies of crash victims recovered

Bodies of crash victims recovered SURABAYA: Search and rescue workers have recovered the bodies of all of the 11 people killed in a boat crash on Saturday at Tanjung Perak Port, Antara reported yesterday.

BNI gets $170m in loan

BNI gets $170m in loan JAKARTA (JP): The state-owned Bank Negara Indonesia (BNI) has issued floating rate notes in Hong Kong to raise US$170 million. The issue, which was arranged by eight banks, carries a coupon of 0.

Who wrote the proclamation of independence text?

Who wrote the proclamation of independence text? By Hermawan Sulistyo PHOENIX, Arizona, U.S.A. (JP): It has never been clear who actually wrote the draft of the text of the proclamation of independence in 1945.

Maritime security key to creating stable environment

Maritime security key to creating stable environment JAKARTA (JP): Senior naval officers from 17 Asia-Pacific countries are currently in Jakarta to discuss ways of enhancing cooperation and maritime security which is an important factor for economic development.