Indonesian Political, Business & Finance News

Archive: 28 November 1996

56 articles found

'Time for Moslems to be real majority'

'Time for Moslems to be real majority' Some observers believe that the widely publicized hand shaking between President Soeharto and noted Moslem leader Abdurrahman Wahid recently has staved off tension between the two leaders and put the Moslems in political spotlight.

Clara to be adviser to climbing course

Clara to be adviser to climbing course JAKARTA (JP): Clara Sumarwati, the first Indonesian and Southeast Asian woman to reach the 8,848-meter summit of Mt. Everest, is to be the adviser to the country's first mountaineering course.

APEC a triumph for the Asian way

APEC a triumph for the Asian wayBy Alistair McIntosh MANILA (Reuter): Whatever else was achieved at the annual APEC extravaganza, which has just ended in Manila, it signaled a triumph for the Asian way.

Flood hits East Jakarta

Flood hits East Jakarta JAKARTA (JP): Floods swept across parts of East Jakarta yesterday when the Cipinang river overflowed due to heavy rains.The areas affected were the Makasar, Kebon Pala and Cipinang Melayu sub-districts, with floodwater reaching 80 centimeters,Antara reported.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 27, 1996: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,075 25 2,000 AHAP Insurance 2,675 0 0 Alumindo Perkasa 775 0 0 Andayani Megah 1,000 0 69,500 Aneka Kimia...

Police shoot dead one of Tangerang's most wanted

Police shoot dead one of Tangerang's most wanted TANGERANG, West Java (JP): Police shot dead a notorious criminal after he tried to escape from a police escort at Parigi village in Pondok Aren sub-district, Tuesday.

Pepper exports fall

Pepper exports fall JAKARTA (JP): Lampung's black pepper exports fell 22 percent to 13,320 tons for the first nine months of this year from 16,910 tons for the corresponding period of 1995.Deddy Gurnadi of the provincial Ministry of Industry and Trade said yesterday the value of pepper exports...

Solo burnt palace rebuilt

Solo burnt palace rebuilt SURAKARTA: A wing of the Surakarta (Solo) palace burned down in 1985 will be rebuilt.King Paku Buwono XII held a party on Monday night thanking donors for their contributions to the project, which will officially start on Dec. 17, Antara reported yesterday.

Civil servants want seats in the House

Civil servants want seats in the House JAKARTA (JP): The six-million strong corps of civil servants (Korpri), known for its affiliation with the ruling Golkar, says it wishes to have House of Representatives seats allotted to its members.

Great River's profits up

Great River's profits up JAKARTA (JP): Publicly-listed clothes producer PT Great River International has reported a 106 percent increase in net profits to Rp 19.6 billion (US$8.28 million) for the third quarter of this year over the same period last year.

Indonesia faces world volleyball ban

Indonesia faces world volleyball ban JAKARTA (JP): The world volleyball body (FIVB) is threatening to ban Indonesia from all international matches for one year for breaking its commitment to host the 1997 Junior World Championships.

Ex-inmates testify to appalling jail conditions

Ex-inmates testify to appalling jail conditions JAKARTA (JP): Several youths and women just released from detention testified yesterday to the appalling conditions in the Pondok Bambu detention center, where a 13-year old boy, who died on Monday, was serving time.

Wrinklies race death to wed

Wrinklies race death to wed KUPANG, East Nusa Tenggara: Up to 500 elderly couples who have been living-in-sin for as long as they care to remember will soon be married off in a mass wedding in southern Central Timor regency.

TV today

TV todayTVRI 2:45 TV Series: Family Matters 3:05 Dance Performance: Gelar Tari 3:30 Tour and Travel 4:05 Science Film 4:30 Student's Program: Dunia Pendidikan 4:55 Filler and Trailer 5:00 Regional News 5:25 My Country 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved...

Developer blames deaths on contractors

Developer blames deaths on contractors JAKARTA (JP): The developer of a construction project in West Jakarta blamed the project's frequent on-site accidents on its contractors.The contractors had failed to instruct their workers to wear safety gears, Tasril Jamal, a representative of the developer,...

BDN issues $95m in notes

BDN issues $95m in notes JAKARTA (JP): State-owned Bank Dagang Negara (BDN), through its Cayman Islands branch, Tuesday issued floating rate notes worth US$95 million.The bank said the seven-year notes would be listed on the Luxembourg and Hong Kong stock exchanges.

All champs to defend Grand Prix titles

All champs to defend Grand Prix titles JAKARTA (JP): The organizers of the Lipton World Grand Prix Badminton Finals in Denpasar, Bali, must be very relieved as all the defending champions have agreed to defend their titles.

Jakarta's first Fashion Week: A blur of shapes and colors

Jakarta's first Fashion Week: A blur of shapes and colorsBy Dini.S. Djalal JAKARTA (JP): Fashion Week has arrived in Jakarta, and style hounds may never air-kiss the same way again.In a move to bolster the local garment industry, Indonesia's designers have teamed up with Metro Department Store and...

Students decry Court's decisions

Students decry Court's decisions JAKARTA (JP): About 20 students of University of Indonesia demonstrated yesterday against a series of controversial Supreme Court decisions.The Supreme Court's secretary general, Mangatas Nasution, was accommodating of the protest by university law school students.

63,000 students have worms

63,000 students have worms PURWAKARTA, West Java: About 63,000, or 90 percent, of students in the regency have worms slithering in their intestines, official statistics show.A statement released yesterday by the local health office said the health problem stems from a lack of personal cleanliness,...

Asia Link buys 35 percent stake in PT Metrosel

Asia Link buys 35 percent stake in PT Metrosel JAKARTA (JP): The Holland-based Asia Link B.V., owned by Indonesia's wealthy Salim family, has bought a 35 percent stake, worth US$147 million, in PT Metro Selular Nusantara (Metrosel), a mobile cellular telecommunications firm.

Govt agencies argue on PLN liquidity cure

Govt agencies argue on PLN liquidity cure JAKARTA (JP): The government yesterday dismissed a suggestion that the state electricity firm, PT PLN, should sell its 800- megawatt coal-fired power station at Paiton, East Java.

Catching 40 wild elephants

Catching 40 wild elephants BANDAR LAMPUNG: Forest authorities plan to catch 40 wild elephants, which often encroach on villages and devour farmers' crops because their habitat is dwindling.Forestry office chief Eko Wardoyo said the large elephant population and the dwindling habitat have made the...

Mustika Ratu hits Manila

Mustika Ratu hits Manila MANILA (JP): Indonesian cosmetics-maker Mustika Ratu plans to set up a plant in the Philippines as part of its ASEAN expansion program.Company president Bra Mooryati Soedibyo said early this week the firm had appointed Sterling Trans Trade Corp, a local company, as the...

Lippo Life revenue up

Lippo Life revenue up JAKARTA (JP): Lippo Life booked a 37 percent increase in its total revenue to Rp 478.4 billion (US$202.7 million) for the first nine months of this year from Rp 349.9 billion for the same period last year.

Infant death rate remains high

Infant death rate remains high PADANG, West Sumatra: The provincial government hopes that midwives can help reduce the infant mortality rate from the current 57 to 50 per 1,000 live births over the next four years.

Jakarta's history important, says Surjadi Soedirdja

Jakarta's history important, says Surjadi Soedirdja JAKARTA (JP): Governor Surjadi Soedirdja said he wanted Jakarta to become a city which reflected on its history."A good city is one which can talk about its history," Surjadi said yesterday when opening a seminar on renovating old cities.

Galeri Lontar: A gallery with vision

Galeri Lontar: A gallery with vision JAKARTA (JP): The growing interest of Indonesia's emerging middle class in art as an investment over the past few years has resulted in the opening of a large number of galleries all over Jakarta.One of them is Galeri Lontar at Jl. Utan Kayu No.

State farming firms' pretax profits tumble

State farming firms' pretax profits tumble JAKARTA (JP): Two groups of state firms overseen by the Ministry of Agriculture last year suffered a drop in pretax profits due to poor production, unsound marketing and unfavorable weather, an official says.

Seven share lead in Tugu Pratama Open

Seven share lead in Tugu Pratama Open JAKARTA (JP): Seven players share the lead after yesterday's opening round of the Tugu Pratama Golf Championship at the 7,141- yard Bumi Serpong Damai Golf and Country club near here.

Bank Bira's profit rises 100 percent

Bank Bira's profit rises 100 percent JAKARTA (JP): Bank Bira announced yesterday its net profit increased 100 percent in the first nine months of this year to Rp 43.99 billion (US$18.6 million) from Rp 21.97 (US$9.3 million) billion for the same period last year.

Govt may scrap gas subsidies to state firms

Govt may scrap gas subsidies to state firms JAKARTA (JP): The government yesterday considered eliminating its gas subsidy to some state-owned firms while maintaining its subsidy on fertilizer prices.At a hearing with the House of Representatives's Budgetary Commission, Minister of Finance Mar'ie...

Labor exporters complain about levies

Labor exporters complain about levies JAKARTA (JP): An association of labor exporting companies yesterday again lamented the rampant levies imposed on them by bureaucratic officials, and a host of other problems making it difficult for them to do business.

Telkom's net profit rises 28%

Telkom's net profit rises 28% JAKARTA (JP): State-owned domestic telecommunications provider PT Telkom reported yesterday its net profit reached US$481 million in the January to September period this year, a 28.91 percent increase from the same period of 1995.

Horticultural expo in Pasar Minggu

Horticultural expo in Pasar Minggu JAKARTA (JP): The city's agricultural office in cooperation with related agencies will hold a horticultural exhibition at the Ragunan Camping Ground in Pasar Minggu, South Jakarta from Dec. 6 to 15.

Myanmar issue may come up in ASEAN summit

Myanmar issue may come up in ASEAN summit MANILA (JP): Indonesia played down yesterday the highly debated issue of Myanmar's early accession to the Association of Southeast Asian Nations (ASEAN), saying there were no special priorities for the upcoming summit.

'Kiosks' available soon'

'Kiosks' available soon' JAKARTA (JP): Central Jakarta Mayor Abdul Kahfi promised yesterday temporary kiosks for Senen fire victims would be ready next month.He said the mayoralty had listed 786 traders who rented kiosks in the destroyed blocks 4 and 5.There were 1,389 rented kiosks.

New suspects in Udin killing

New suspects in Udin killing JAKARTA (JP): The National Commission on Human Rights claims to know of other likely suspects of the August killing of journalist Fuad Muhammad Syafruddin, Antara reported.Commission secretary general Baharuddin Lopa said in Salatiga, Central Java, yesterday the rights...

Situbondo coral reef under threat

Situbondo coral reef under threat SURABAYA: The famed coral reefs in Situbondo have come under serious threat over the past several months due to widespread coral theft, a press report said yesterday.Together with white sand beaches, coral reefs are Situbondo's main tourist attraction.

Sumatra rubber exports up

Sumatra rubber exports up JAKARTA (JP): The value of North Sumatra's natural rubber exports for the first seven months of this year increased 23.6 percent to US$29.3 million from US$ 23.7 million for the same period last year, according to the province's bureau of statistics.

Amrus hacks creative freedom out of wood

Amrus hacks creative freedom out of woodBy Margaret Agusta JAKARTA (JP): Amrus Natalsya does with a knife what most artists do with a paintbrush. Under his strong hands and sharp eyes, thick panels of wood take on images of human life and existence.

Rothschild's trust eyes Indonesian bonds

Rothschild's trust eyes Indonesian bonds SINGAPORE (AFP): The Rothschild group, which launched its Asian bond trust in Singapore yesterday, is targeting Indonesia and the Philippines as preferred markets for investments, officials said.

Bishop Belo pressured to sue 'Der Spiegel'

Bishop Belo pressured to sue 'Der Spiegel' BANDUNG (JP): The East Timorese bishop's denial and apology has failed to please government officials offended by his remarks published in a German magazine.Information Minister Harmoko and Home Affairs Minister Yogie S.M.

Int'l hotel chain must set up local firm, hire Indonesians

Int'l hotel chain must set up local firm, hire Indonesians JAKARTA (JP): Foreign hotel chains operating in Indonesia must set up local subsidiaries by the year 2000, a senior official said yesterday.Director General of Tourism Andi Mappi Sammeng said foreign hotel chains should employ no more than...

'Gurita' mishap case to court

'Gurita' mishap case to court BANDA ACEH, Aceh: Five of six people believed to bear primary responsibility for the Gurita ship accident that claimed over 300 lives in January will stand trial soon.The police said five dossiers for the suspects were sent last week.

Art lovers angry about damage to valuable painting

Art lovers angry about damage to valuable painting JAKARTA (JP): Art lovers blasted yesterday the lack of art appreciation they said led to a valuable painting being vandalized at the Jakarta Arts Council office.

THE REGENT APARTMENT:

THE REGENT APARTMENT:JP/obyMinister of Tourism, Post and Telecommunications Joop Ave (center left) and Minister of Investment/Chairman of Investment Coordinating Board Sanyoto Sastrowardoyo (center right) hold spades to mark the groundbreaking of the Four Seasons-Regent Residences condominium at...

Megawati loyalists sentenced

Megawati loyalists sentenced JAKARTA (JP): The Central Jakarta District Court sentenced yesterday 115 supporters of the deposed Indonesian Democratic Party (PDI) leader, Megawati Soekarnoputri, to four months and three days jail each for their involvement in the July 27 riot.

Petronas seals gas deal

Petronas seals gas deal KUALA LUMPUR (AFP): Malaysia LNG Tiga Sdn Bhd, a unit of national oil company Petronas, said Tuesday it had sealed a 20- year pact to supply liquefied natural gas (LNG) to Japan Petroleum Exploration Co. Ltd. (JAPEX).The contract was for the supply of up to 1.

UAE celebrates jubilee, but who rules next?

UAE celebrates jubilee, but who rules next?By Michael Georgy ABU DHABI (Reuter): A huge wooden image of Sheikh Zaid bin Sultan al-Nahayan towers over the highway that leads into Abu Dhabi, a vivid reminder that one leader dominates this land of immense wealth.

Free medical cure for workers

Free medical cure for workers JAKARTA (JP): PT Jamsostek, a state-owned insurance company running social security for workers, provided free medical treatment for about 1,000 workers.The services for five companies' workers at the Pulogadung industrial zone in East Jakarta marked the firm's 19th...

BI asks bankers to tread carefully in debt market

BI asks bankers to tread carefully in debt market JAKARTA (JP): Bank Indonesia Governor Soedradjad Djiwandono told Indonesian bankers yesterday that their involvement in the debt market should not endanger their banking activities."We've seen our debt market grow very rapidly in the last few years.

Gus Dur-Habibie meeting called for

Gus Dur-Habibie meeting called for SURABAYA (JP): Abdurrahman Wahid and B.J. Habibie, both leaders of two of Indonesia's most influential Moslem organizations, should meet and improve cooperation, a respected ulema says.K.H.

Universities urged to make reforms

Universities urged to make reforms JAKARTA (JP): A senior official called on universities yesterday to immediately reform their practices to meet client demand and to increase the quality of graduates.Higher Education Director General Bambang Soehendro said that universities should evaluate their...

City to host international forum on Asian cities

City to host international forum on Asian cities JAKARTA (JP): An international conference on Asian cities organized by the New York-based Asia Society and the Jakarta- based Center for Information and Development Studies (CIDES) will be held here from Dec. 2 to Dec. 5.

Tragedy in prison

Tragedy in prison Although the controversy over last month's death of Tjetje Tadjudin in police custody has not died down, the nation is now shocked by the death of Lambertus Lele Koban at Pondok Bambu Penitentiary in Jakarta. The circumstances of the two deaths are different.