Indonesian Political, Business & Finance News

Archive: 24 January 1996

56 articles found

S. Korea ahead with W. Cup bid

S. Korea ahead with W. Cup bid SEOUL (AFP): South Korea plans to push ahead with its solo 2002 World Cup bid until contacted by North Korea, which has expressed interest in co-hosting the event, a senior official said here yesterday."We don't know when and how North Korea will make its proposal.

Kerosene lamps for hire at night markets

Kerosene lamps for hire at night marketsBy Imran Rusli JAKARTA (JP): There are lots of different jobs in Jakarta. It takes only some creativity and willingness for those who cannot find employment to earn a living.

Corruption

CorruptionFrom RepublikaThe concept of a clean administration isn't new. Both state- owned companies and government institutions are supposed to be free from corruption. The government has tried to improve the welfare of employees. Pertamina has the best paid employees among government companies.

Pros and cons of new JSX nomination rules

Pros and cons of new JSX nomination rules JAKARTA (JP): The new procedures for nominating stock exchange directors, included in a new regulation issued last week by the Capital Market Supervisory Agency (Bapepam), have been criticized as unfair by a number of smaller securities companies.

VA Tech wins order in RI

VA Tech wins order in RI VIENNA (Reuter): Elin Energieversorgung, a subsidiary of VA Technologie AG, said yesterday it had won a 250 million schillings order to equip a power plant on the Besai River in Indonesia.

More supporters nominate Megawati for president

More supporters nominate Megawati for president JAKARTA (JP): Activists of the Indonesian Democratic Party (PDI) are ripening their plan to push party chief Megawati Soekarnoputri into the 1998 race for the presidency.

Internet expands its tentacles across Asia

Internet expands its tentacles across Asia Authoritarian governments, military juntas and freedom fighters across Asia are scrambling to get wired. Johanna Son reports for Inter Press Service. MANILA: Vietnam's premier gets electronic mail from his foreign counterparts.

Plan to import chili shocks the House

Plan to import chili shocks the House JAKARTA (JP): Clear reasons must be given for why the government plans to import chilies and meat, according to a member of the House of Representatives.Imam Churmen, deputy chairman of Commission IV, which deals with, among other things, agriculture, said he...

Taiwan's MSG project in RI

Taiwan's MSG project in RI TAIPEI (Reuter): Taiwan's Ve Wong Corp, one of the island's major food manufacturers, said yesterday it signed a contact to invest in a US$20 million joint-venture producing monosodium glutamate (MSG) in Indonesia.

Houses destroyed in rainstorms

Houses destroyed in rainstorms CILACAP, Central Java: At least 25 houses in the Sudagaran village, Sidareja subdistrict, were destroyed, while dozens of others were damaged to various degrees in the rainstorms which hit the area on Sunday and Monday.

Transportation on Idul Fitri

Transportation on Idul FitriFrom Media Indonesia.The government has always paid attention to the problem of transportation and security during the Idul Fitri holiday. Jakartans who want to visit their hometowns during Idul Fitri for a get-together with relatives welcome the government's concern...

For you in the heaven: Bramasto

For you in the heaven: Bramasto We lost on Friday, Jan. 19, 1996, at 11:30 p.m. one of the most famous painters in Indonesia: Bramasto. He was born in Malang, East Java, in 1939 and died in Jakarta in 1996 of an heart attack.

Lippo Bank service

Lippo Bank service On Nov. 11, 1995 my mother withdrew money through the ATM at the Sunter Agung Podomoro branch of the Lippo bank in North Jakarta. The machine announced that the allowable withdrawal was limited to Rp 200,000. As my mother needed Rp 400,000, she went through the procedure twice.

Thai banking assets up

Thai banking assets up BANGKOK (AFP): The total assets of Thailand's 15 commercial banks reached 4.5 trillion baht (US$180 billion) in 1995, a 20.1 percent jump over the previous year, the Thai Farmers Research Center said yesterday.

Advertising censorship

Advertising censorshipFrom NeracaThe establishment of private television stations in Indonesia caused advertising to boom. Companies greatly benefit from placing advertisements on television. However, many of us are not aware of the negative effect the ads have on viewers.

Manila stock mart biggest mover in mixed Asia trade

Manila stock mart biggest mover in mixed Asia trade HONG KONG (Reuter): The Philippines' composite index was the most active of the Asian share markets on a mixed day of trade yesterday, in contrast to the previous day's flurry of positive activity.

Official upset over quarry trucks

Official upset over quarry trucks BANJARMASIN, South Kalimantan: Vice Governor Bachtiar Murad is upset with the damage being caused by a number of trucks which are hauling sand from local quarries."The drivers drive at such high speeds that they not only endanger themselves, but cause accidents as...

Traffic policy on rerouting

Traffic policy on reroutingFrom Media IndonesiaStrong controversy reigns over the policy that only vehicles with at least three occupants are allowed to use Jl. Sudirman and Jl. Thamrin between 6:30 and 10 a.m..

Oil revenues projected to exceed target

Oil revenues projected to exceed target JAKARTA (JP): Amidst concern about a possible drop in crude oil prices, the government expects that its revenues from the oil sector will exceed its target of Rp 9.8 trillion (US$4.3 billion) for the current fiscal year, ending in March.

Pertamina offers LSWR

Pertamina offers LSWR TOKYO (Reuter): Indonesia's state oil concern Pertamina has decided to allocate about 3.5 million barrels of February-lifting low sulfur waxy residue (LSWR) to its affiliates, traders said yesterday.

Timber companies told to sell logs to locals

Timber companies told to sell logs to locals JAKARTA (JP): Minister of Forestry Djamaluddin Suryohadikusumo has required forest concessionaires to sell, at least five percent of their log and sawn timber production to local people, an official said yesterday.

Fired taxi drivers sue PT Gamya

Fired taxi drivers sue PT Gamya JAKARTA (JP): Five former Gamya taxi drivers filed a lawsuit at the East Jakarta District Court yesterday, claiming the company unfairly dismissed them.Six other former drivers filed the same lawsuit at the same court last November.

4,400 Indochinese boat people are still on Galang island

4,400 Indochinese boat people are still on Galang islandBy Meidyatama Suryodiningrat JAKARTA (JP): An estimated 4,400 Indochinese boat people are currently living on Galang, after the government's deadline of Dec.

RI gold discovery bolsters stocks

RI gold discovery bolsters stocks CALGARY, Alberta (Reuter): Gold fever has swept stock markets in Canada as analysts grow increasingly confident that a discovery by Bre-X Minerals Ltd. in Indonesia might turn out to one of the world's biggest mines.

Human dignity and the will to live with AIDS

Human dignity and the will to live with AIDS The following article is written by a group of HIV carriers and was presented by Susan, a volunteer with Yayasan Pelita Ilmu, a foundation focusing on AIDS issues. Issued on Jan.

Govt, businesses must improve communication

Govt, businesses must improve communication JAKARTA (JP): An analyst here has blamed the absence of effective dialog between the government and private businesses as one of the factors behind a weak Indonesian industrial sector.

Grade fakers go on trial

Grade fakers go on trial BANDUNG: An elementary school teacher and a superintendent went on trial yesterday for allegedly manipulating a student's examination scores in order to help her enter a prestigious junior high school.

Harmoko to go on Ramadhan safari

Harmoko to go on Ramadhan safari JAKARTA (JP): Minister of Information Harmoko begins his annual Ramadhan trip today with a promise that, unlike in previous years, he will not hold meetings with Golkar supporters.

Salim's garment executive says minimum wages too high

Salim's garment executive says minimum wages too highBy Maria Andi JAKARTA (JP): An executive of the garment and textile division of the Salim Group says the new minimum wages set by the government are too high for the garment and footwear industries and some companies may be forced to cut back on...

Navy warships keep Sabang's economy alive

Navy warships keep Sabang's economy alive JAKARTA (JP): Two Navy warships have replaced the sunken ferry Gurita in serving the route to and from Sabang to help keep the Weh Island's economy rolling."We are mobilizing KRI Seulako and KRI Kral to ply the route between Banda Aceh and Sabang, pending...

Libya slams Tunis, Israel ties

Libya slams Tunis, Israel ties TUNIS (Reuter): Libya said yesterday it was surprised by Tunisia's decision to establish ties with Israel, describing the move by its North African neighbor as contradictory to the will of the Arab people."This decision is contrary to (Libya's) position of principle...

Govt repays high rate WB loans

Govt repays high rate WB loans JAKARTA (JP): The government has settled all the high-interest loans provided by the World Bank through its loan prepayment program, Minister of Finance Mar'ie Muhammad said yesterday.

Alatas visits Holland

Alatas visits Holland JAKARTA (JP): Indonesian Minister of Foreign Affairs Ali Alatas and his Dutch counterpart Hans van Mierlo had a three-hour meeting in The Hague on Monday, at which they discussed a host of issues, including human rights and the coming Asian-European Meeting.

Scientists to develop commercial products

Scientists to develop commercial products SERPONG, West Java (JP): The Research and Development Center for Applied Physics presented yesterday the results of several three-year studies designed to develop products of commercial use.

Producers of fake mineral water arrested

Producers of fake mineral water arrested JAKARTA (JP): West Jakarta police have smashed a syndicate of producers and distributors of fake mineral water and arrested four alleged lawbreakers."We finally arrested the four at a place used as a producing plant at the Binong Permai housing complex in...

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Amazing 3:00 News: Lintasan Berita 3:05 Talks: Mutiara Ramadhan 3:30 Among Us 4:00 News: Lintasan Berita 4:05 TV Series: Al Jamalludin Al Afghani 5:00 Evening News 5:25 Travel: My Country 5:30 Indonesian Lessons 6:00 News: Lintasan Berita...

Book on 'Kenduri Nasional'

Book on 'Kenduri Nasional' JAKARTA (JP): City Governor Surjadi Soedirdja has hosted the launching of a book documenting activities recorded during the Kenduri Nasional gathering in August of last year at the National Monument (Monas) square.

Effectiveness of counseling, HIV tests to be studied

Effectiveness of counseling, HIV tests to be studied JAKARTA (JP): A two-year research program will start next month to study the effectiveness of counseling and HIV-tests in changing people's behavior to prevent the spread of HIV/AIDS.

Angry man sets house on fire

Angry man sets house on fire JAMBI, Jambi: A 35-year old man, identified only as H.J., is currently being tried for setting a relative's house on fire.H.M. Toha, a lecturer at the University of Jambi, was inside his house last September when the arsonist arrived, poured kerosene around the house...

BI must punish erring banks: DPR

BI must punish erring banks: DPR JAKARTA (JP): The House of Representatives (DPR) suggested yesterday that Bank Indonesia (BI), the central bank, be given authority to take tougher measures against banks violating its rulings on the Legal Lending Limit.

ACeS, Tomen sign accord

ACeS, Tomen sign accord JAKARTA (JP): PT Asia Cellular Satellite System (ACeS), a Jakarta-based telecommunications firm, has signed an agreement with a Japanese firm, Tomen, to provide ACeS' service in Japan.

Where to go in Jakarta:

Where to go in Jakarta:Music * Dai-ichi Hotel, Jl. Senen Raya 135, Central Jakarta. - Mezzanine Lounge: Solo Pianist, daily from 7:30 p.m. to 10:30 p.m., opening hours Monday to Sunday 11 a.m to 1 a.m. * Hotel Aryaduta, Jl.

Gordon builds a new Singapore from Subic Bay

Gordon builds a new Singapore from Subic BayBy Cecil Morella MANILA (AFP): The Philippines may seem at times like a creaking, unwieldy oil tanker, but Richard Gordon thinks he has the drive that will set the slow-moving vessel on the right course for the next century.

Cooperatives told to run milk processing plants

Cooperatives told to run milk processing plants JAKARTA (JP): President Soeharto yesterday told milk cooperatives to build their own milk processing plants to guarantee the continual absorption of their products.

Dengue fever in city on the increase

Dengue fever in city on the increase JAKARTA (JP): The number of dengue fever sufferers here doubled last year compared to 1994, according to Jakarta municipality."Last year, 5,624 people were reported to have suffered the fever.

Understanding rude behavior in modern RI

Understanding rude behavior in modern RIBy John Phillips YOGYAKARTA (JP): Here's a brain-teaser for you. A teenage boy is sitting in a classroom while his teacher is lecturing him on his misbehavior. The boy has averted his eyes and is sitting quietly, but the teacher is growing angrier by the...

Better training needed

Better training needed We are not surprised by the licensing of around 57,160 expatriates to work in Indonesia last year, as announced by Manpower Minister Abdul Latief on Monday, even though the number represented a 38 percent increase over 1994.

RI a model of Islamic tolerance: Americans

RI a model of Islamic tolerance: Americans JAKARTA (JP): Two American Moslem leaders who are in town say that Indonesia is a model of Islamic tolerance.The two leaders, Mujahid Ramadan and Susan Douglass, both from the Washington-based American Muslim Council, are currently in Indonesia as guests...

EU amends duties on MSG

EU amends duties on MSG BRUSSELS (Reuter): The European Commission said it was amending definitive anti-dumping duties on imports of monosodium glutamate from Indonesia, South Korea and Taiwan because of continued price undercutting.

Vendors allowed to use Monas park

Vendors allowed to use Monas park JAKARTA (JP): Street vendors are allowed to use the National Monument (Monas) park as their business sites during the fasting month of Ramadhan as of today.Central Jakarta Mayor Abdul Kahfi said yesterday that 200 street vendors can operate at the western side of...

Bank NISP chief gets award

Bank NISP chief gets award JAKARTA (JP): The managing director of Bank NISP, Parwati Surjaudaya (second left), won the Young Business Achiever Award, beating four other competitors after her presentation on her company's performance before a jury here yesterday.

PDI's exclusion from electoral body questioned

PDI's exclusion from electoral body questioned JAKARTA (JP): Politicians yesterday questioned the government's decision to exclude the Indonesian Democratic Party (PDI) from the electoral committee in East Java, saying the move will reduce the significance of next year's election.

Ramadhan time for Jakarta

Ramadhan time for JakartaWednesday Maghrib 6.19 p.m.Thursday Imsak 4:22 a.m. Subuh 4.32 a.m.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 23, 1996: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 675 0 23,500 AHAP Insurance 3,200 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,975 100 1,352,500 Aneka...

Fire victims to get apartments

Fire victims to get apartments JAKARTA (JP): The city administration plans to build low cost apartments at Rawa Bebek, North Jakarta, for homeless victims of the Penjaringan fire, an official said.The head of the city housing agency, Ongky Sukasah, said on Monday that the city administration will...

Eleven countries attend judo c'ship

Eleven countries attend judo c'ship JAKARTA (JP): Eleven countries are expected to take part in an international judo championship which will be held in Medan, North Sumatra from March 16 to March 19, an official announced yesterday.Maj. Gen.