Indonesian Political, Business & Finance News

Archive: 5 January 1996

51 articles found

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 4, 1996: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 800 0 0 AHAP Insurance 3,200 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,650 25 2,049,000 Aneka Kimia...

House warns against business domination

House warns against business domination JAKARTA (JP): House Speaker Wahono called on the government yesterday to check the domination of big businesses in the economy.Addressing the House of Representatives ahead of President Soeharto's annual budget speech, Wahono identified a number of...

Jakarta's 34,000 firms fail to provide facilities

Jakarta's 34,000 firms fail to provide facilities JAKARTA (JP): Not one of the 34,000 companies operating in Jakarta has paid proper attention to their worker's welfare as required by regulation, a city councilor has said.

Masyumi pushes for reforms

Masyumi pushes for reforms JAKARTA (JP): Masyumi, a newly formed Moslem-based organization, vowed yesterday to push forth its demands for political reforms.Masyumi spokesman Agus Miftach said that the organization, founded last November, is determined to seek revision of the laws governing...

Pipe leakage

Pipe leakageFrom Media IndonesiaOn Dec. 20,1995 I reported a leakage of the water pipe in the front yard of my house. This has resulted in the front garden being inundated all the time. When I met the developer's staff, they asked me this: "Is the leakage within or outside the house?" I said that...

Welsh trade team due here

Welsh trade team due here JAKARTA (JP): A trade mission from Welsh headed by Parliamentary Under Secretary of States for Wales, Rod Richards will make a five day visit here.The team which will comprise of nineteen Welsh businessmen is scheduled to meet local businessmen and the Indonesian Chamber...

Indonesia expects to get three boxing tickets to Atlanta

Indonesia expects to get three boxing tickets to Atlanta JAKARTA (JP): Indonesia expects to get three boxing tickets to the 1996 Olympic Games in Atlanta, officials said yesterday.Imron ZS, executive director of the Indonesian Amateur Boxing Association (Pertina), and Paul Toding, Pertina's...

Football players

Football playersFrom MerdekaI would like to suggest that PSSI (All-Indonesian Football Association) train the junior football players in a more serious manner. For this purpose a qualified team must be formed with the task of picking talented players from all provinces.

Civil servants left guessing on salary hike

Civil servants left guessing on salary hike JAKARTA (JP): President Soeharto announced yesterday that the government will discuss the idea of raising civil servant salaries with the House of Representatives (DPR) before making a decision.

Demolition plan upset squatters

Demolition plan upset squatters JAKARTA (JP): More than 120 families living on the bank of the river Opak in North Jakarta have complained to the city council yesterday about a plan to demolish their houses.

S. Korea liberalizes imports

S. Korea liberalizes imports SEOUL (AFP): South Korea is to lift import bans on 28 agro- fisheries products including condensed milk and silkworms in July as part of its liberalization program, government officials said yesterday.

TV today

TV todayTVRI 2:30 p.m. Wajah Negeriku 2:35 TV Series: Amazing 3:05 Science Film: Travel-travel 3:30 Science: Safari Ocean 4:05 Education Program: Cerdas Cermat 4:30 Youth Drama: Akhirnya Percaya 4:55 Filler/Trailer 5:30 Harmony in Life 5:00 Regional News 6:05 Nusantara, the Beloved Country: Jambi...

Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Arya Duta, Jl. Prapatan 44-48,Central Jakarta: - Ambiente Italian Restaurant: Bonauli vocal group, Monday and Wednesday from 7 p.m. to 1 p.m.; Los Morenos, Tuesday, Thursday and Sunday from 7 p.m. to 11 p.m.

Publicly-listed Matahari to open 15 new outlets

Publicly-listed Matahari to open 15 new outlets JAKARTA (JP): PT Matahari Putra Prima, a publicly-listed retail company, plans to open 15 new outlets throughout Indonesia this year.Matahari's spokesman Rudy R.J.

What they say about civil servants' pay

What they say about civil servants' pay JAKARTA (JP): The following are some comments about civil servants' pay.Hamzah Haz, a senior legislator from the United Development Party: This will be the first time ever the government involves the House of Representatives in planning pay hikes.

Tangerang beach disappointing

Tangerang beach disappointingFrom NeracaOn Dec. 31, 1995 I took my family to a beach in Tangerang, West Java for a holiday. This beach is not so well-known as other beaches, but it offers something which is refreshing.

Fertilizer imports necessary?

Fertilizer imports necessary? A surprise was delivered by the government yesterday to start off the new year. Three cabinet ministers -- those of trade, cooperatives and trade -- issued a joint statement saying that the government was about to import 200,000 tons of fertilizer in order to surmount...

Foreign franchising booming in Indonesia

Foreign franchising booming in Indonesia JAKARTA (JP): The foreign franchise business in Indonesia enjoyed an average growth of 445.8 percent per annum in the last four years while local franchisers grew only by 5.9 percent, AK & Partners, a franchise consulting firm said.

Water rationing in rainy season

Water rationing in rainy season TUBAN, East Java: About 200 farmers in Mulyoagung village in Tuban are restless because water supplies from Mlirip River have been rationed by the authorities for the past two weeks.

Where to go in Bali:

Where to go in Bali:Music and entertainment * Grand Hyatt Bali, Nusa Dua: Pasar Senggol - Balinese Arts & Crafts, daily. Sunset Procession, daily. Ramayana Dance, Thursday. Legong Dance, Saturday. Arjuna Wiwaha Dance, Sunday. Rejang, Puspawresti, Belibis and Jaran Teji dances, Monday.

Tax revenue target hailed, questioned

Tax revenue target hailed, questioned JAKARTA (JP): Most legislators and business people were satisfied with the government's tax revenue target set in the 1996-1997 draft state budget announced yesterday, but others felt the target should have been set higher.A.A.

More money for better diplomats

More money for better diplomats JAKARTA (JP): As the government forwarded a budget which allocates a 53 percent increase in funds for foreign affairs, the head of the House of Representatives Commission on foreign policy called for an improvement in the quality of Indonesian diplomats.

May 29 declared as Senior Citizens' Day

May 29 declared as Senior Citizens' Day JAKARTA (JP): This coming May 29 will see Indonesia marking National Senior Citizens' Day for the first time.Minister of Population Haryono Suyono said on Wednesday that his office is coordinating various activities and programs in connection with the day in...

Islam human rights compatible

Islam human rights compatible Following is the first of a two-part article taken from a paper presented by Muhammad A.S. Hikam at the Asia Foundation's workshop on Human Rights in Asia and Pacific, Chiang Mai, Thailand, Dec. 3-6, 1995.

Draft State Budget, 1995-96 and 1996-97 (Rp billion)

Draft State Budget, 1995-96 and 1996-97 (Rp billion) 1995-96 state budget and draft 1996-97 state budget (Rp billion) 1995-96 1996-97 1995-96 vs 1996-97 ( % ) REVENUES A. DOMESTIC REVENUES 66,265.2 78,202.8 18.0 I. Oil and natural gas 13,275.6 14,120.1 6.4 1. Oil 9,812.2 10,315.6 5.1 2.

Indonesian shuttlers face the toughest challenge

Indonesian shuttlers face the toughest challenge JAKARTA (JP): Indonesian shuttlers, still healing bruises they suffered last season, encounter the toughest challenge ever in their bid to keep the badminton world under their control.

Riau, Kalimantan get National parks

Riau, Kalimantan get National parks JAKARTA: The Ministry of Forestry has converted a huge forestry area in Riau and a large area of natural forest in West Kalimantan into a national park.Minister Djamaludin Suryohadikusumo declared in two separate decrees that an 800,000 hectare area, known as the...

Many concerned over current account deficit

Many concerned over current account deficit JAKARTA (JP): Legislators and businessmen harbored strong reservations about the country's growing current account deficit and the overheating of the economy.

Austere, realistic budget

Austere, realistic budget The 1996-1997 state budget which President Soeharto proposed to the House of Representatives (DPR) yesterday is qualitatively and structurally very similar to the current one. The spending plan reflects a conservative fiscal policy.

Malaysian, S'pore rubber markets up

Malaysian, S'pore rubber markets up KUALA LUMPUR (Reuter): Malaysian rubber prices ended sharply higher yesterday after players chased the Tokyo market which surged in tandem with the yen, traders said.

Will state budget be able to cool economy?

Will state budget be able to cool economy? The government unveiled its proposed budget yesterday. Economist Mari Pangestu calls for prudence, transparency and consistence in the financing of big projects.

Hotels and restaurants get health certificates

Hotels and restaurants get health certificates JAKARTA (JP): Thirty-six hotels, restaurants and catering services received health certificates from the city administration yesterday.Fauzy Bowo, the head of the City Tourism Agency, said at the Kartika Chandra Hotel in Jakarta that the certificates,...

Mitsubishi's venture capital

Mitsubishi's venture capital TOKYO (UPI): Mitsubishi will be the first Japanese trading company to enter the U.S. venture capital business, a business newspaper said yesterday.Mitsubishi, Japan's largest trading firm, wants to back growing U.S.

Demand for office space in S'pore expected to increase

Demand for office space in S'pore expected to increase SINGAPORE (Reuter): Demand for office space in Singapore is expected to be robust, allowing rentals to move up in 1996, property consultant Jones Lang Wootton (JLW) said yesterday at a seminar on construction and property.

Emerging Asian bourses back on the buy-list

Emerging Asian bourses back on the buy-list HONG KONG (Agencies): Many, but not all, of Asia's emerging stock markets seem to have been put back on the buy-list by foreign investors.But brokers and analysts in the region questioned by Reuters yesterday are not convinced the trend can last...

Dispensary robbers indentified

Dispensary robbers indentified JAKARTA (JP): The South Jakarta police are searching a group of six robbers armed with a gun who committed a pre-dawn burglary at a building designated as a clinic and dispensary yesterday morning."The identities of all of the members are already known," Lt. Col.

Walhi won't file suit against polluters

Walhi won't file suit against polluters JAKARTA (JP): The Indonesian Forum for the Environment (Walhi) says it has no immediate plans to file lawsuits against companies named by the government as the worst industrial polluters, despite offers of assistance from the state.

Policies aimed to cool down economy: Mar'ie

Policies aimed to cool down economy: Mar'ie JAKARTA (JP): Fiscal and monetary policies in 1996/1997 (April/March) must be designed to cool down the economy without arresting the country's economic growth rate, which is expected to surpass seven percent, said Minister of Finance Mar'ie Muhammad.

After the flood, comes diarrhea

After the flood, comes diarrhea BANDA ACEH, Aceh: A provincial administration official warned of possible outbreaks of diarrhea in areas struck by floods in eastern and northern Aceh this week.Saleh Yacob, the chief of the administration's social services, said his office had already received...

Soeharto unveils 1996-1997 draft state budget

Soeharto unveils 1996-1997 draft state budget President Soeharto unveiled the annual state budget draft yesterday before a plenary session of the House of Representatives (DPR). The following is an unofficial, condensed translation of the budget transcript.

Bogor chaotic

Bogor chaoticFrom KompasFor the last few days Kompas has published articles and photos showing what the town of Bogor is like. On Dec. 14, 1995, on page 8, there was a picture of a street full of garbage. And on Dec.. 16 we could see a picture which showed piles of rubbish.

BRI's rating upgraded

BRI's rating upgraded HONG KONG (Reuter): Thomson BankWatch has assigned a senior debt rating of BB+ and an inter-country issuer rating of IC-B/C to Bank Rakyat Indonesia (BRI).The ratings reflect the bank's high creditworthiness in spite of the weakness in the quality of its loan portfolio, the...

More taxes to fund state spending

More taxes to fund state spending JAKARTA (JP): The government unveiled yesterday its 1996-1997 fiscal year spending plan, which features a hefty 16 percent increase to be financed chiefly through more taxes.

Indonesian Balance of Payments (US$ million)

Indonesian Balance of Payments (US$ million) Indonesian balance of payments (US$ million) Description 1994-95 1995-96 1996-97 (actual) (estimate) (projection) 1. Exports (FOB) 42,161 46,904 53,264 a. Oil 6,312 5,865 5,067 b. Liquefied natural gas 4,133 4,031 3,973 c.

Residents sue land agency

Residents sue land agency JAKARTA (JP): Residents of Kelapa Gading want the North Jakarta Land Agency office to withdraw a permit given to a private developer to use 20 hectares of land they have been tilling for 38 years.

RI sends bowlers to Malaysia

RI sends bowlers to Malaysia JAKARTA (JP): The Indonesian Bowling Association today will send five female and four male bowlers to the 8th Asian Youth Bowling Championships in Genting Highland, Malaysia, scheduled for Jan. 7 - 13.

Foreign campuses allowed to open

Foreign campuses allowed to open KUALA LUMPUR (AFP): Malaysia is soon to allow foreign universities to set up branches in the country in a major policy change analysts said could help cut down the overseas-education bill and save foreign exchange."Besides cutting down the 2.

Cop missing after tidal waves

Cop missing after tidal waves PALU, Central Sulawesi: A police officer, missing since Monday's tidal wave is feared to have been dragged into the water, according to Antara.The news agency said that Chief Corporal Anhar Lahusen was patrolling the Taipa beach in the Tonggolobibi village in Donggala...

Junior high for Krakatau 'son'

Junior high for Krakatau 'son' BANDAR LAMPUNG, Lampung: The provincial administration will open a small junior high school on Sebesi and Sebuku this year, two tiny islets that are part of the Anak Krakatau (Krakatau Son) group of islands in the Sunda Strait.

Indonesia will not use foreign exchange reserves

Indonesia will not use foreign exchange reserves JAKARTA (JP): Governor of Bank Indonesia (the central bank) Soedradjad Djiwandono stated yesterday that Indonesia will not resort to using its foreign exchange reserves to cover its current account deficit -- expected to reach US$7.

Ulemas to visit Jakarta

Ulemas to visit Jakarta PONTIANAK, West Kalimantan: Twenty ulemas from West Kalimantan will travel to Jakarta for an audience with President Soeharto today, Antara reported yesterday.The ulemas will hold Friday prayers together with the head of state before the meeting, the news agency said quoting...