Indonesian Political, Business & Finance News

Archive: 12 November 1996

49 articles found

Try Polyta gets BB rating

Try Polyta gets BB rating JAKARTA (JP): Standard & Poor's assigned a BB minus long-term rating yesterday to the US$175 million guaranteed secured notes, expiring in 2003, to be issued by Try Polyta Finance B.V., a wholly-owned subsidiary of the guarantor PT Tri Polyta Indonesia.

RP security tight for Asia-Pacific meet

RP security tight for Asia-Pacific meetBy Uday Khandeparkar SUBIC BAY, Philippines (Reuter): The Naval Magazine used to be impenetrable, with deep silos where ammunition was stored built in a heavily guarded clearing between a 12-hectare rain-forest and the deep waters of Triboa Bay.

Shopping Indonesian style

Shopping Indonesian style Good news for bargain hunters and collectors of Indonesian handicrafts.This week, the Plaza Atrium Shopping Center in Segitiga, Senen, is hosting an Indonesian traditional arts and crafts exhibition.

Lawyer says slander suspect misidentified

Lawyer says slander suspect misidentified JAKARTA (JP): A lawyer representing a housewife being tried at the Central Jakarta District Court yesterday for allegedly insulting the Armed Forces (ABRI) and the government said the police had arrested the wrong person.Defense lawyer Erick S.

Bridge duo to get houses

Bridge duo to get houses JAKARTA (JP): Henky Lasut and Eddy Manoppo will each receive a house from North Sulawesi Governor E.E. Mangindaan for their significant roles in Indonesia's cruise to the final of the 10th Bridge Olympiad on Rhode Island earlier this month.

House factions urge tougher Ecstasy bill

House factions urge tougher Ecstasy bill JAKARTA (JP): All the factions in the House of Representatives welcomed a government bill designed to curtail the abuse of Ecstasy pills among youth, but some doubt that the maximum punishment proposed is sufficient to deter violations.

Minister calls for halt to bamboozling ads

Minister calls for halt to bamboozling ads JAKARTA (JP): Minister of Information Harmoko urged advertising companies yesterday to stop deceiving the public with their bombastic ads in the mass media.The minister also called on the public to be wary of misleading and culturally "improper"...

Bambang wants govt offices moved to his township

Bambang wants govt offices moved to his township JAKARTA (JP): Bambang Trihatmodjo, President Soeharto's second son, said he would try to get the central government to move some of its offices to a township his company will build in Jonggol, near Bogor, West Java.

'Orchard Road' shopping belt for Kuningan

'Orchard Road' shopping belt for Kuningan JAKARTA (JP): Property giant Ciputra Group is one developer with plans to build on what will be Jakarta's first row of shopping centers in South Jakarta's Kuningan area, a company official said yesterday.

Indonesia appreciates Malaysian attitude

Indonesia appreciates Malaysian attitude JAKARTA (JP): Indonesia expressed its "highest appreciation" to the Malaysian government and Malaysian youth yesterday for shutting down a controversial conference on East Timor in Kuala Lumpur over the weekend.

Javanese and Indonesian

Javanese and IndonesianFrom KompasKompas said in its Oct. 26 edition that "Javanese language is being threatened and replaced by Bahasa Indonesia". I feel disturbed and want to question the statement. The word "threatened" was not put between quotation marks, giving it a sense of being definite.

Internet a jungle

Internet a jungle I would like to thank Mr. C. Brouerius van Nidek, who suggested in this column (The Jakarta Post, Nov. 11, 1996) that I follow up on Mr. Osvaldo Coelho's report. In fact, I have also read similar reports in other publications that fully support what Mr. Coelho has said.

Newly-founded legal aid body gets warm welcome

Newly-founded legal aid body gets warm welcome JAKARTA (JP): The newly founded Indonesian Legal Aid and Human Rights Association (PBHI) should spur the ongoing drive to promote human rights in Indonesia, law experts and human rights activists said over the weekend.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 11, 1996: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 1,075 175 19,500 AHAP Insurance 2,675 0 0 Alumindo Perkasa 825 0 10,000 Andayani Megah 1,025 0 87,500 Aneka...

Myanmar faces criticism over attack on Suu Kyi

Myanmar faces criticism over attack on Suu Kyi YANGON (Agencies): Myanmar's military authorities faced renewed international condemnation yesterday following weekend attacks on the motorcade of opposition leader Aung San Suu Kyi.

ICI forms joint venture

ICI forms joint venture JAKARTA (JP): ICI Polyurethanes, a subsidiary of Britain's Imperial Chemical Industry Plc, signed a memorandum of understanding yesterday with PT Tansri Gani to establish a joint venture to produce and distribute polyurethane in Indonesia.

Thai economy focal point ahead of elections

Thai economy focal point ahead of electionsBy Philip McClellan BANGKOK (AFP): Thailand's stalled economy, a key factor in the collapse of the previous government, has become the focal point of political parties jockeying for position in the upcoming general elections.

Indonesia's SEA Games chances slim: Pramono

Indonesia's SEA Games chances slim: Pramono JAKARTA (JP): Indonesia has only a slim chance of regaining the overall champion's title at the 19th Southeast Asian (SEA) Games here next year, according to Indonesia's SEA Games training director Joko Pramono.

Ministry to mediate garment factory rift

Ministry to mediate garment factory rift BEKASI, West Java (JP): The Bekasi office of the Manpower Ministry has promised to mediate a dispute between a garment factory's management and its 500 employees who went strike last Thursday.

Prisident Soeharto arrives in Amman

Prisident Soeharto arrives in Amman JAKARTA (JP): President Soeharto arrived in Amman yesterday to begin a four-day state visit aimed at further strengthening the strong ties between Indonesia and Jordan.

Youths ransack PDI office

Youths ransack PDI office SEMARANG: Some 40 unidentified youngsters vandalized the office of the Indonesian Democratic Party (PDI) here yesterday, police said.Central Java police chief May. Gen. Harimas said six youths were detained following the incident.

Sepak Takraw body eyes two SEA Games gold medals

Sepak Takraw body eyes two SEA Games gold medals JAKARTA (JP): The Indonesian Sepak Takraw Association expects two gold medals from the women's regu (squad of three teams) at the 19th Southeast Asian Games here next year.

Clinton fund scandal gathers force

Clinton fund scandal gathers force No less an authority than Stephen Ambrose, historian of the Eisenhower and Nixon presidencies, fears a parallel between Nixon's scandal-haunted re-election in 1972 and Clinton's in 1996.

Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Morgan's 1072 Classic Disco, Asian Force Band, Tuesday and Thursday, 9 p.m. to 12:30 a.m., Saturday: 9:30 p.m. to 1 a.m.; Acid Speed Band, Firday, 9 p.m. to 12:30 a.m.; Platinum Band, Wednesday, 9 p.m. to 12:30 a.

Police mistakes in the spotlight

Police mistakes in the spotlight The image of our police force has lately suffered a decline and its performance has come into the public spotlight. Many cases have remained unresolved, including those of the death of Bernas Yogyakarta journalist Muhammad Fuad Syarifuddin (Udin), the armed robbery...

Land rows overshadow APEC meeting

Land rows overshadow APEC meetingBy Richard Ingham HONG KONG (AFP): Sovereignty disputes that arc from Northeast Asia to the South China Sea, coupled to fears of resurgent nationalism, make a troubling backcloth for the upcoming APEC summit in the Philippines.

Astra and Mitra sign $10m deal

Astra and Mitra sign $10m deal JAKARTA (JP): PT Astra Graphia and PT Mitra Global Telekomunikasi Indonesia have signed a US$10.1 million-deal to establish an Integrated Operation Support System project for telecommunication services in Central Java.

Conserving the sweet tree of life in Padasuka village

Conserving the sweet tree of life in Padasuka villageBy Aparna Devere PADASUKA, West Java: The winding weather-beaten tracks lead to the village. The mini bus comes only once in a while, making the perilous journey up and down the steep mountains.

Greeting foreigners

Greeting foreigners I feel touched reading Paul Wesson's letter 'Be polite' published in The Jakarta Post, Oct. 30, 1996, in which he deeply regretted the way other expatriates reacted toward Indonesians who greeted them with "Hello Mister!" Other expatriates, he wrote, often rudely ignore or snub...

Nuclear bill closed for public input

Nuclear bill closed for public input JAKARTA (JP): Deliberation on the controversial bill on nuclear energy at the House of Representatives has entered the final stages closed to public input, critics of the draft law said yesterday.

Shooting of 'Fatahillah' starts

Shooting of 'Fatahillah' starts JAKARTA (JP): Governor Surjadi Soedirdja, the main producer of Fatahillah, is scheduled to witness the initial shooting for the film on Saturday in Lombang, kilometers east of Indramayu, West Java.

Mashill launches credit cards

Mashill launches credit cards JAKARTA (JP): Mashill Utama, a publicly-listed bank, has launched a Visa and MasterCard service, the bank's card center manager, John Suwardi, said yesterday.Mashill director Muliadi Hendri estimates that Indonesia's potential demand for credit and charge cards is 1.

Indonesia must shape up to face competition: Mar'ie

Indonesia must shape up to face competition: Mar'ie JAKARTA (JP): Minister of Finance Mar'ie Muhammad reiterated yesterday that strengthening Indonesia's competitiveness and resilience is one of the most pressing challenges facing the country amid increasingly keener global competition.

RI's economic policy experience

RI's economic policy experience The following article is based on a paper by Mohammad Sadli presented at the Conference on Governance Innovation in Manila on Oct. 22. The conference was organized by the Ottawa-based Institute on Governance, the Economic Development Institute of the World Bank and...

Robberies that were never solved

Robberies that were never solvedFrom KompasThe Horticulture Research Center of Lembang, under the supervision of the Agriculture Research and Development Center on Jl. Tangkubanperahu No. 517 in Lembang, Bandung, West Java (now known as the Research Center of Vegetables) has, since 1992, been...

Dengue kills 156 people

Dengue kills 156 people SEMARANG: A total of 156 people in Central Java have died of dengue fever this year, a government official here has said.Dadik Suhardadi, head of the local social affairs office, said most of the victims live in the coastal areas in the northern part of the province, Antara...

Lowering of interest rates

Lowering of interest ratesFrom Bisnis IndonesiaThe endeavors toward the lowering of bank interest rates have induced me to come up with suggestions which may be used as input for decisionmakers.I realize that the lowering of interest rates cannot be done instantly.

Save mangroves from logging

Save mangroves from logging BANDAR LAMPUNG: An expert has urged the government to save the country's mangroves from rampant logging.M. Khazali of the Indonesia-chapter of Wetland International Program expressed his concern, that mangroves throughout the country had been neglected all these years,...

Bishop Belo's comments still creating waves

Bishop Belo's comments still creating waves JAKARTA (JP): A legislator from the ruling Golkar party called for the public yesterday to be prudent in responding to Bishop Carlos Filipe Ximenes Belo's recent critical remarks about the Armed Forces.

Two new overpasses open next month

Two new overpasses open next month JAKARTA (JP): Two overpasses on arterial roads will be completed next month as part of an effort to solve Jakarta's horrendous traffic congestion, the head of City Public Works Office, Soeharto, said yesterday.The overpasses are on Jl.

PT Sierad Produce to go public

PT Sierad Produce to go public JAKARTA (JP): PT Sierad Produce, a publicly-listed PT Anwar Sierad subsidiary, plans to sell 250 million new shares to the public early next month to raise approximately Rp 300 billion (US$129.3 million) for its expansion program.

New system for air tickets

New system for air tickets JAKARTA (JP): Domestic travelers will enjoy greater freedom in choosing who they fly with next year by using endorsable tickets issued by any of the country's six scheduled airlines.

Greeting poses a problem

Greeting poses a problem In 1985, I had a journalist friend from Norway visiting me while he was writing an article on Islam in Indonesia for a magazine. When the report was published, he sent me a copy of the magazine.

Zarina agrees to return for trial at home: Police

Zarina agrees to return for trial at home: Police JAKARTA (JP): Zarina, the Ecstasy-case suspect apprehended recently in Houston, U.S., has agreed to be brought back home for prosecution, a police officer said yesterday.National Police Spokesman Brig. Gen.

First beauty queen for East Timor

First beauty queen for East Timor JAKARTA (JP): The latest hot issue in East Timor has nothing to do with politics: It has selected its first beauty queen.The first ever beauty contest in the youngest province was held by the Citra Timor Workshop.

Police arrest handbag thief

Police arrest handbag thief JAKARTA (JP): Police arrested yesterday one of two men who injured a 78-year-old woman while stealing her handbag containing Rp 10,000 (US$4.20).Sgt. Suparto of the Gambir Police subprecinct said Sutiani Agustina, the victim, suffered an injury to her shoulder when two...

Japanese investors keen on RI despite car policy: Sanwa

Japanese investors keen on RI despite car policy: Sanwa JAKARTA (JP): A Japanese research group said yesterday Indonesia remained an attractive place for Japanese investors to do business despite its controversial national car policy.

Tourism target is realistic: Executives

Tourism target is realistic: Executives JAKARTA (JP): The government's target of 11 million foreign tourists spending US$15 billion in Indonesia in 2005 is realistic provided the government and companies work harder to develop the industry, executives said yesterday.

Megawati knew of attack plan

Megawati knew of attack plan JAKARTA (JP): Megawati Soekarnoputri, the ousted leader of the Indonesian Democratic Party (PDI), gave her first testimony at her supporters' trial yesterday, saying she knew of the planned forced takeover of the party headquarters by Soerjadi loyalists two days before...