Indonesian Political, Business & Finance News

Archive: 26 November 1996

48 articles found

New location sought for Senen traders

New location sought for Senen traders JAKARTA (JP): The Jakarta municipality is considering alternative locations for traders whose kiosks were razed in the weekend Senen shopping center fire, an official said yesterday.

Tens months sought for Ecstasy smugglers

Tens months sought for Ecstasy smugglers JAKARTA (JP): The prosecutor has asked the Tangerang District Court to sentence two defendants charged with attempting to smuggle 60,778 Ecstasy pills to 10 months jail.Prosecutor M. Daud Musa also asked the court to fine RS and OS Rp 1 million (US$432).

Salute to Dewi Yull

Salute to Dewi YullFrom MerdekaSinger-actress Dewi Yull's honest statement that families of artists are vulnerable to ups and downs was recently published in the daily Merdeka. Artists' families are undermined with gossip and divorces. This fact should be admitted in all honesty.

Another worker killed on building site

Another worker killed on building site JAKARTA (JP): Another worker on the Taman Anggrek Mall project in West Jakarta has been killed in an on-site accident.The unidentified victim fell from the project's high-rise building Sunday night.

Pakpahan may fight Supreme Court ruling

Pakpahan may fight Supreme Court ruling JAKARTA (JP): Muchtar Pakpahan, the leader of an unrecognized labor union, is considering fighting the recent Supreme Court decision to put him back in prison made after it had acquitted him of all charges last year.

Dharmala-STIC venture

Dharmala-STIC venture JAKARTA (JP): PT Dharmala Intiland and Singapore Technologies Industrial Corp Ltd. (STIC) signed a memorandum of understanding yesterday to develop 300 hectares of industrial estates in Ngoro, East Java.

Prosecutor rejects Iwik's dossiers

Prosecutor rejects Iwik's dossiers YOGYAKARTA: Local police will have to work harder to solve the August slaying of journalist Fuad Muhammad Syafruddin after the provincial prosecutors office returned their dossier on Dwi Sumaji, the suspected killer.

Zarina's case overexposed

Zarina's case overexposedFrom JayakartaAs an Indonesian, the news that Ecstasy queen Zarina had been caught and brought back to Indonesia made me proud. I hailed officer Gories Mere and his police for boosting our national standing and our police's image.

Hearings on slander cases continue

Hearings on slander cases continue JAKARTA (JP): The judges in the trial of a student charged with insulting the Armed Forces (ABRI) told the Central Jakarta District Court yesterday the prosecutor's indictment was legally correct.

Govt pays US$540m off foreign loans

Govt pays US$540m off foreign loans JAKARTA (JP): The government last month paid US$540.46 million of its high-interest debt to multilateral agencies ahead of schedule and will soon amortize another $50.58 million, Minister of Finance Mar'ie Muhammad said yesterday.

Poor health development lamented

Poor health development lamented JAKARTA (JP): Former cabinet minister Emil Salim yesterday called for reform and more funding for health development.An observer of health issues, Emil said certain policies, such as limiting the number of doctors employed as civil servants, were the cause of...

Hartono to see generals graduate

Hartono to see generals graduate JAKARTA (JP): Army Chief of Staff Gen. R. Hartono will see 24 generals and dozens of other high-rank military and civilian officials graduate from the Military Law School today.

Capital inflow totals $27.9b

Capital inflow totals $27.9b JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo revealed yesterday that the government has approved 913 foreign investment projects worth US$27.9 billion as of Nov. 9.

Leaders upbeat on APEC's future

Leaders upbeat on APEC's future MANILA (JP): APEC leaders said they were satisfied with the outcome of their summit yesterday, with Indonesia and China stressing economic cooperation programs to address the disparity between rich and poorer members.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Song 3:05 Children's Program: Taman Bermain 3:30 Science Film: Beyond Tomorrow 4:05 Science and Technology Film: Science World 4:30 TV Drama: Drama Remaja 5:00 Regional News 5:25 Travel: My Country 5:30 English Lessons 6:00 News:...

Alatas awarded honorary doctorate

Alatas awarded honorary doctorate SEMARANG: Professors at Diponegoro University will confer on Minister of Foreign Affairs Ali Alatas an honorary doctorate for his diplomacy skills and his contribution toward the development of legal science.

Belo says 'Der Spiegel' manipulated his remarks

Belo says 'Der Spiegel' manipulated his remarks DILI, East Timor (JP): Dili Bishop Carlos Filipe Ximenes Belo yesterday accused the German magazine Der Spiegel of manipulating his April interview to make it sound anti-Indonesian government.

Iraq overpowers Indonesia

Iraq overpowers Indonesia JAKARTA (JP): As the Asia Nations Cup finals draw near, Indonesia received another serious warning after a 4-0 drubbing by Iraq in an international friendly match in Genoa, Italy over the weekend.

RI banks must shape up for competition: Report

RI banks must shape up for competition: Report JAKARTA (JP): Indonesian banks must become stronger, faster and fewer to remain competitive against foreign institutions, American rating agency Standard & Poor's (S&P) said yesterday.

Journalist's attackers arrested

Journalist's attackers arrested DILI, East Timor: Police have arrested four of the five people suspected of beating up Gaudensius Mau, a journalist from the Jakarta-based Tiras weekly and Suara Timor Timur daily, a report said yesterday.Chief of East Timor police Col.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 25, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,050 0 0 AHAP Insurance 2,675 0 0 Alumindo Perkasa 800 0 0 Andayani Megah 1,025 0 260,500 Aneka Kimia...

Electronics display in Megamal Pluit

Electronics display in Megamal Pluit JAKARTA (JP): An electronic appliances exhibition was opened Saturday at the Megamal Pluit, in North Jakarta.There are 30 stands at the exhibition showing 45 brands' new products including brands like Sony, Toshiba, Panasonic and Sharp, organizer Soewarto said.

Traffic police raids

Traffic police raidsFrom KompasI was impressed when I heard about a circular issued by Lt. Col. Istoto Sukismo, the Indramayu police subprecinct chief, saying that drivers should not connive with policemen during the launching of the Mandiri operation.

American to coach RI basketball team

American to coach RI basketball team JAKARTA (JP): The Indonesian Basketball Association announced Saturday it would hire an American coach for its men's team, which is scheduled to participate in the 19th SEA Games here next year.

PLN refuses to sell Paiton power plant

PLN refuses to sell Paiton power plant JAKARTA (JP): President of the State Electricity Company (PLN) Djiteng Marsudi said yesterday the firm would not sell its coal- fired power station at Paiton, East Java, because it generated great revenue.

Hillary praises Thai efforts

Hillary praises Thai efforts CHIANG MAI, Thailand (AFP): U.S. First Lady Hillary Clinton yesterday praised Thai efforts to deal with refugees, AIDS and the sex trade, but stressed the importance of government action.

Driver refuses to use meter

Driver refuses to use meter In October, I alighted from a Damri Airport bus at Bulungan, Blok M, South Jakarta, with a view to getting a taxi home. People standing around immediately whisked my two bags off to a waiting President taxi, giving me forebodings of impending doom.

City needs 700 ha for cemeteries

City needs 700 ha for cemeteries JAKARTA (JP): The city has set a target of having 700 hectares for public cemeteries by 2005, the head of the city's cemetery office said yesterday."At present due to limited spaces, the practice of burying bodies on the graves of other family members is still...

Sheraton to manage four more hotels

Sheraton to manage four more hotels JAKARTA (JP): The ITT Sheraton Corporation plans to manage four more Sheraton hotels in Indonesia within the next two years, an executive of the hotel chain said yesterday.

Architect says old town project needs support

Architect says old town project needs support JAKARTA (JP): The old Jakarta revitalization project needs the private sector and the community's greater involvement and participation, a Dutch architect said yesterday.R.W. Heringa, the author of an architectural book Ir.F.J.L.

Student tried for trafficking Ecstasy

Student tried for trafficking Ecstasy JAKARTA (JP): A student appeared in the Central Jakarta District Court, Friday, charged with trafficking 120 Ecstasy pills.The 21-year defendant, a resident of Gang Puri Mas in Gambir subdistrict, was arrested in May while counting the Ecstasy pills in a car,...

Ranati plans mega resort for Belitung island

Ranati plans mega resort for Belitung island TANJUNG PANDAN, Belitung (JP): This tin mining island in South Sumatra will have a huge tourist resort if PT Putra Ciptawahana Sejati (Ranati) -- controlled by President Soeharto's youngest son Hutomo Mandala Putra -- has its way.

76,000 ha of forest disappear annually

76,000 ha of forest disappear annually MANADO, North Sulawesi: A forestry official revealed Saturday that the forest in North Sulawesi decreases by 76,000 hectares a year due to natural disasters and the opening of forest areas to plantation.

Alumindo to go public

Alumindo to go public JAKARTA (JP): PT Alumindo Light Metal Industry (Almi), a subsidiary of the Surabaya-based Maspion group, plans to sell 30 percent of its common stocks next month to increase its aluminum sheet production."We will sell 92.

New bill pushes for local collection of gasoline taxes

New bill pushes for local collection of gasoline taxes JAKARTA (JP): The government has introduced a bill which would, for the first time, allow local administrations to collect gasoline taxes at a maximum rate of 5 percent.

Archers expect clean sweep in SEAG

Archers expect clean sweep in SEAG JAKARTA (JP): Indonesia hopes to continue its domination at the SEA Games archery tournament when it hosts the 19th edition of the biennial sports gathering here next year.

Journalists warned of misreporting drug cases

Journalists warned of misreporting drug cases JAKARTA (JP): Journalists must be more careful when reporting illegal drug cases because incorrect reports might promote drug abuse, Southeast Asian drug experts and officials said.

Myanmar to attend meeting in Jakarta

Myanmar to attend meeting in Jakarta YANGON (AFP): Myanmar's military leader Senior Gen. Than Shwe will attend the informal meeting of ASEAN heads of government to be held in Jakarta on Nov. 30, the state press reported yesterday.

Govt miscalculates with meddling in PDI rift: Observer

Govt miscalculates with meddling in PDI rift: Observer SEMARANG (JP): The government may have made a mistake when it backed Soerjadi to snatch the chairmanship of the Indonesian Democratic Party (PDI) in the June rebel congress, an observer said yesterday.

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, Friday, 9 p.m. to 12:30 a.m.; Platinum Band, Wednesday, 9 p.m. to 12:30 a.

Political temperature heats up: Feisal

Political temperature heats up: Feisal JAKARTA (JP): Armed Forces Chief Gen. Feisal Tanjung said yesterday that with the approaching 1997 general election, political temperature has been heating up."The heated political and security situation is not only caused by maneuvers of the political parties...

BNI makes successful capital market debut

BNI makes successful capital market debut JAKARTA (JP): State-owned Bank Negara Indonesia (BNI) made a successful debut on the Jakarta Stock Exchange yesterday, gaining nearly 50 percent on the first day of its listing.

Indonesia Finance Expo

Indonesia Finance Expo JAKARTA (JP): The monthly magazine InfoBank and PT Pro Asia Centra Cikal announced yesterday a plan to hold the Indonesia Finance Expo to educate companies and the public on the country's wide range of financial services.The four-day exhibition, to open Feb.

Is Jakarta crime infested?

Is Jakarta crime infested?From MerdekaIn the past few months there have been an increasing number of hold-ups of people who have just collected money from banks. The robbers usually ride RX-King motorcycles and are armed with knives and pistols. One of the victims has died.

Jakarta may face oversupply of retail space

Jakarta may face oversupply of retail space JAKARTA (JP): With more shopping centers expected to open in the next three years, there is some concern that Jakarta will be oversupplied, property consultant First Pacific Davies Indonesia said yesterday.

BIC plans to expands Batam industrial estate

BIC plans to expands Batam industrial estate JAKARTA (JP): Batamindo Industrial Corporation (BIC) will expand its Batam island industrial park by 30 hectares to meet an expected foreign investment increase, a BIC executive said Saturday.

Luxury condo to be built in Ancol

Luxury condo to be built in Ancol JAKARTA (JP): PT City Island Utama, a member of the Singapore- based City Developments Limited (CDL) Group, awarded yesterday a US$51.3 million contract to a leading South Korean company to build the Oseania Resort Condominium in Ancol, North Jakarta.

Tennis team to adopt low profile in SEAG

Tennis team to adopt low profile in SEAG JAKARTA (JP): Tennis will no longer be Indonesia's reliable gold mine, as it was in past SEA Games, when the biennial sporting event arrives here next year.The Indonesian Tennis Association's Secretary-General, Zainal Abidin, said yesterday he was not sure...