Indonesian Political, Business & Finance News

Archive: 27 December 1996

58 articles found

Hashimoto's visit may be postponed

Hashimoto's visit may be postponed JAKARTA (JP): The Japanese Embassy here confirmed yesterday the possible postponement of Japanese Prime Minister Ryutaro Hashimoto's visit to Indonesia and four other ASEAN countries scheduled for Jan 7-15, Antara reported.

Radio transmitter tower collapses

Radio transmitter tower collapses PALANGKA RAYA, Central Kalimantan: A 50-year-old man was killed when a radio transmitter tower in Babayaga, the only private radio station in Sampit, Central Kalimantan, collapsed Saturday afternoon.

Non-oil trade deficit will turn around in 1997: Tunky

Non-oil trade deficit will turn around in 1997: Tunky JAKARTA (JP): The country's non-oil trade deficit is expected to turn around next year with the government predicting this year's US$450 million deficit will become a $900 million surplus next year.

'Local PCs are good but they don't sell'

'Local PCs are good but they don't sell'By Johannes Simbolon JAKARTA (JP): Local personal computer (PC) manufacturers claim their PCs are better and cheaper but harder to sell than those from overseas.Local PCs have lost their grip on the domestic market over the last four years.

Child Exhibition opens

Child Exhibition opens JAKARTA (Antara): Mrs. Tuti Sutrisno, the wife of Vice President Try Sutrisno, will open the Mother and Child Exhibition tomorrow, an exhibition spokeswoman said Wednesday."We hope the exhibition will convey the development of values in society," Yulie Indra Setyohadi said.

Worker killed in Tangerang

Worker killed in Tangerang JAKARTA (JP): A worker died yesterday at the Cipto Mangunkusumo General Hospital, Central Jakarta, after a friend beat him in Pondok Cabe, Tangerang, West Java.City Police Spokesman Maj.

A dispute over islands

A dispute over islands In the history of nations, there were always differences on borders and on views about joint issues. Through negotiations, everything could be settled. However, if the matter involves the occupation of one country by another -- in violation of all international norms, human...

Hail metro police!

Hail metro police!From MerdekaNear the end of 1996, the Metro Jaya Police's undercover unit succeeded in busting a large-scale shoplifting racket in Jakarta and Central Java.Quite an astonishing achievement, really. And why not? The ring managed to rake in about Rp 6 billion.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 26, 1996: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 1,000 0 2,500 AHAP Insurance 2,675 0 0 Alumindo Perkasa 825 25 20,000 Andayani Megah 1,050 -25 421,000 Aneka...

Riot breaks out over police beating

Riot breaks out over police beatingBy MMI Ahyani TASIKMALAYA, West Java (JP): Thousands of people went on the rampage here yesterday over police mistreatment of three local religious teachers.So far, no casualties have been reported but dozens of factories, at least three major department stores,...

Justice warns about unsolved, 'frozen' cases

Justice warns about unsolved, 'frozen' cases JAKARTA (JP): Senior justice Adi Andojo Soetjipto warned yesterday that people could take the law onto their own hands out of desperation because the courts had failed to solve their cases.

Arabica coffee plantation

Arabica coffee plantation JAMBI (Antara): The Jambi plantation service has encouraged farmers to grow Arabica coffee, which has bright domestic as well as foreign market prospects, an official of the provincial administration said here Tuesday.

Local hold their own in 'brain' sports

Local hold their own in 'brain' sports JAKARTA (JP): Contract bridge and chess are two 'brain sports' and in both Indonesia can hold its head up fairly high on the international scene, unlike in many sports measured by speed or strength where the country remains on the starting line.

Govt policy on women's role 'poses setback'

Govt policy on women's role 'poses setback' JAKARTA (JP): The government's drive to promote women's emancipation has suffered a setback by its own assertion that women should take the lion's share of responsibility for the success of their children's education, a woman activist says.

Calm returns to Dili after Xmas violence

Calm returns to Dili after Xmas violence DILI, East Timor (JP): Calm has returned here after the Christmas Eve violence that left one off-duty soldier dead and 12 people injured.Dili Bishop Carlos Filipe Ximenes Belo paid his last respects yesterday and visited the home of First Corporal Alfredo...

Govt urges establishment of professional standards

Govt urges establishment of professional standards JAKARTA (JP): The government is calling on Indonesian professionals to establish standards of competence to serve as a yardstick and incentive as they prepare for the coming free market and open competition.

Action films

Action films It has been difficult to find my way through Jane Freebury's recent film reviews, three on the same day. (The Jakarta Post, Dec. 23). There are too many titles that don't reveal much, unless you've seen the films.

Perceived injustice causes latest trouble

Perceived injustice causes latest trouble JAKARTA (JP): The massive unrest that broke out in the West Java town of Tasikmalaya yesterday had its origins in what the local people perceived as another act of injustice by the police.

City denies link between new tax decrees and subway

City denies link between new tax decrees and subway JAKARTA (JP): Jakarta is the most developed province in Indonesia. It has high-rise buildings, a multitude of nightspots, malls and inner-city toll roads.It also has lingering traffic woes.

Traditionalism plagues intellectuals too

Traditionalism plagues intellectuals too Many scholars note that age-old traditionalism and feudalism still manifest themselves strongly in our daily lives. They wonder why, as a society, we never become mature in the sense of becoming a more modern nation.

Indorayon wins award

Indorayon wins award JAKARTA (JP): Publicly listed PT Inti Indorayon Utama has won a national award for promoting the role its female workers.Company director P. Daritan said over the weekend the award was presented by President Soeharto at Mothers Day celebrations in Karanganyar, Central Java,...

Young shuttlers need chance to shine

Young shuttlers need chance to shineBy Primastuti Handayani JAKARTA (JP): Indonesia, one of the world's top badminton nations, is in danger of witnessing a repeat of the player crisis it encountered in the 1980s when China returned to the international scene and quickly began to dominate the sport.

Freeport builds power plant

Freeport builds power plant JAYAPURA, Irian Jaya: The giant mining company, PT Freeport Indonesia, has started building a 260-megawatt steam-powered electricity plant in Amamapare, Timika, Irian Jaya.The plant, said to be the biggest in eastern Indonesia, will supply power to the center of...

Bank NISP gets new loan

Bank NISP gets new loan JAKARTA (JP): Publicly listed Bank NISP has secured an US$11.5 million subordinate loan from its main shareholders to strengthen its capital, the company announced yesterday.The bank stated the subordinate loan would improve its capital adequacy ratio to 14.

Inflows for emerging markets

Inflows for emerging markets JAKARTA (JP): International investment firm Merrill Lynch estimates that liquidity will flow next year to emerging financial markets, especially the dollar-based markets of Asia and Latin America.

Used ferries to start work

Used ferries to start work MERAK, West Java: The state-run ferry service PT ASDP plans to buy three ferryboats next year for the Merak-Bakauheni route which links Java and Sumatra.Syahwin Hamid, president-director of PT ASDP, was quoted by Antara saying Monday the ferryboats would be purchased with...

Religious harmony

Religious harmonyFrom Forum KeadilanIn their speeches during the celebration of the Prophet Muhammad's Ascension Day at Istiqlal Mosque, President Soeharto and Minister of Religious Affairs Tarmizi Taher reminded the nation of the significance of religious harmony, as reflected in the state's coat...

Governor wants limit on nighspot opening hours

Governor wants limit on nighspot opening hours JAKARTA (JP): Jakarta Governor Surjadi Soedirdja called on entertainment venues yesterday not to open the day before and the first day of Ramadhan.He said most Jakartans were Moslem and others should respect those who are fasting.

Art about Indonesia dominates regional auctions

Art about Indonesia dominates regional auctionsBy Amir Sidharta JAKARTA (JP): Although art auctions have been held in Southeast Asia, only in 1996 did Indonesia feel their effect.In February this year, Christie's held its first auction in the country to dispose of the estate of Dutch-born banker...

Where to go in Bali:

Where to go in Bali:New Year Programs and Entertainment * Nusa Dua Beach Hotel: - Tuesday, Dec. 31: Gecko Club - Children Extravaganza, from 6 p.m. Wedang Jahe - International Buffet Dinner, from 7.30 p.m.

GE Capital buys 7% stake in Bank Bira from the public

GE Capital buys 7% stake in Bank Bira from the public JAKARTA (JP): General Electric Capital Services of the United States has bought a 7 percent stake in publicly listed Bank Bira for Rp 48 billion (US$20.4 million).

Magazine suspect moved

Magazine suspect moved JAKARTA (JP): A man arrested for his alleged involvement in printing an unlicensed publication was moved yesterday to the Cipinang prison in East Jakarta from the South Jakarta Police Precinct.

Rice production predicted to rise

Rice production predicted to rise JAKARTA (Antara): Minister of Agriculture Sjarifudin Baharsjah estimated yesterday that 51 million tons of unhusked rice would be produced domestically this year, up from 49.74 million tons last year.

Ramos resumes work at palace

Ramos resumes work at palace MANILA (AFP): Philippine President Fidel Ramos returned to work at the presidential palace yesterday, shortly after being discharged from a hospital where he underwent surgery for a blocked artery.

Mar'ie inaugurates public works projects

Mar'ie inaugurates public works projects UJUNGPANDANG, South Sulawesi (Antara): Minister of Finance Mar'ie Muhammad opened public works projects here yesterday worth Rp 27.7 billion (US$9.6 million).They include a dam on Jeneberang River and clean water installations.

Bali raises clove output

Bali raises clove output DENPASAR (Antara): Bali, Maluku and North Sulawesi will continue to grow cloves because their produce have met international quality standards."Bali's cloves have a specific aroma and are thus suitable for cigarettes," Bali Governor Ida Bagus Oka said Tuesday before...

Promote our own products

Promote our own products The President's instruction calling on government agencies to pursue austerity seems most timely. In addition, the President also reminded cabinet ministers, heads of nonministerial government agencies, provincial governors, regents and city mayors not to issue any...

Govt deplores embassy intrusions in KL

Govt deplores embassy intrusions in KL JAKARTA (JP): The government deplored yesterday the intrusion into several embassies in Malaysia by Indonesians from Aceh province in northern Sumatra."Why did they force their way into those embassy compounds while the Malaysian government has never been...

Liquidating insolvent banks

Liquidating insolvent banks The new government regulation on the process and procedures for liquidating insolvent banks should not make the general public inordinately worried about the safety of their savings deposits. The new ruling, as stipulated in Government Regulation No.

Distortion in economy causes unemployment

Distortion in economy causes unemployment JAKARTA (JP): The way Indonesia's economy works means that what students learn in universities is of little use in the work place, hence the large number of unemployed graduates, concluded a discussion, Antara reported.

PT Telkomsel enters East Timor and Maluku

PT Telkomsel enters East Timor and Maluku DILI, East Timor (JP): Cellular operator PT Telkomsel launched here yesterday its global system for mobile communications (GSM) service in East Timor and Maluku, marking the completion of its program to cover the country's 27 provinces.

Foreign boats apprehended

Foreign boats apprehended MANADO, North Sulawesi: A total of 88 foreign fishing boats have been apprehended by Indonesian warships on different occasions in the April-December 1996 period, Bitung naval base commandant Colonel Herry B. Opit said in Manado last week.

Badminton coach Triadji dies from heart attack in Malang

Badminton coach Triadji dies from heart attack in Malang JAKARTA (JP): National badminton coach Triadji passed away in his hometown of Malang, East Java, yesterday morning at the age of 46.Triadji, who groomed some of the world's top shuttlers -- including Joko Suprianto, Hermawan Susanto and Budi...

1,200 disabled take part in special sports festival

1,200 disabled take part in special sports festival JAKARTA (JP): A one-day sports and recreation festival is planned for tomorrow for 1,200 disabled people and their families.The event, organized by the Special Olympics Foundation of Indonesia, will take place in Kuningan, South Jakarta,...

A rich year for exhibitions, sales and auctions

A rich year for exhibitions, sales and auctions JAKARTA (JP): The following is a list of art activities and a brief commentary. Unless otherwise noted, most of the events were held in Jakarta.In January, a handful of artists, including Teguh Ostenrik, showed their works at Cemeti Gallery in...

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, Wednesdy, 9 p.m. to 12:30 a.m.

'Give local experts a chance to speak out'

'Give local experts a chance to speak out' PADANG, West Sumatra (JP): A local professor criticized the media for seeking the opinions of Jakarta-based scholars only on national issues, neglecting local experts.

Noise pollution disturbs babies

Noise pollution disturbs babies PURWAKARTA, West Java: Residents of Cicadas village have, for the past several days, been disturbed by loud noises from a factory belonging to PT South Pacific Viscose.A number of babies have been taken out of the village because their parents were afraid they would...

TV today

TV todayTVRI 2:35 p.m. Travel: My Country 2:35 TV Series: Animated Classic 3:05 Teenagers' Program: Remaja Indonesia 3:30 TV Series: Emergency Call 4:05 Comedy: Komedi Situasi 4:30 Student's Quiz: Cerdas Cermat 4:55 Filler 5:00 News: Siaran Berita TVRI 5:30 News: Lintas Kesehatan 6:00 News:...

PM Goh tells U.S. to stay out of S'pore politics

PM Goh tells U.S. to stay out of S'pore politics SINGAPORE (AFP): Prime Minister Goh Chok Tong angrily told Washington yesterday to stay out of Singapore's election campaign after a U.S. official criticized his linking voter support to housing redevelopment.

Singapore to launch Taiwan index on Jan. 9

Singapore to launch Taiwan index on Jan. 9 SINGAPORE (AFP): Singapore authorities said yesterday they would launch on Jan. 9 options and futures contracts allowing investors to hedge against movements on the Taiwan stock exchange.The Singapore International Monetary Exchange Ltd.

Another clash between police and villagers

Another clash between police and villagers JAKARTA (JP): Twenty people were hurt yesterday as hundreds of residents of the Cibentang village in Bogor, 30 km south of Jakarta, clashed with soldiers and police over the installation of high-voltage electric cables.This came after earlier clashes.

71 health workers sent to Sloven

71 health workers sent to Sloven JAKARTA (JP): Armed Forces (ABRI) chief for general affairs Lt. Gen. Tarub saw off Tuesday 71 military health workers on their way to Sloven as part of the United Nations peace mission.The Garuda XIV/F contingent will be posted for about a year and led by Lt. Col.

Fire razes church

Fire razes church DENPASAR, Bali: Fire razed the Efrata church in Buduk village, Badung district, some 15 km southwest of here, Wednesday.No casualties were reported but material losses were estimated to reach Rp 500 million (US$217,000), spokesman for the Balinese Synod of the Protestant Church,...

Indonesian gold diggers strike little Olympic joy in Atlanta

Indonesian gold diggers strike little Olympic joy in AtlantaBy Dwiatmanta JAKARTA (JP): The Red and White was hoisted at the Atlanta Olympic Games in July, but it was not enough to rescue Indonesia from this year's barren sporting fields.

Three dead, seven missing

Three dead, seven missing JAKARTA (JP): Three ship crew members died and seven were missing after a fishing ship sank in the Indian Ocean on Dec. 18.A Tanjung Priok Harbor Police sergeant said the bodies of Sumono, 26, Bambang, 19, and Sutarno, 29, were found floating in the ocean by another ship...

88 people killed as storm 'Greg' hits Sabah state

88 people killed as storm 'Greg' hits Sabah state KOTA KINABALU, Malaysia (Reuter): A tropical storm ripped down houses and thatched huts in eastern Malaysia on Christmas day killing almost 100 people and leaving as many missing, police said yesterday.

Hutomo to take part in Bali automotive event

Hutomo to take part in Bali automotive event JAKARTA (JP): Hutomo Mandala Putra, one of the country's biggest automotive buffs, is scheduled to compete in the Three in One Automotive Event in Padanggalak, Sanur; Bali Cliff and Ubud, Bali from Dec. 28 to Dec. 30.