Indonesian Political, Business & Finance News

Archive: 28 December 1996

54 articles found

Volvo's focus on Asian marts augers well for Indonesia

Volvo's focus on Asian marts augers well for IndonesiaBy Russell Williamson VOLVO will add a new stretched version of its 960 luxury sedan to its Indonesian lineup as part of a push to further expand its market share in the region.

Rp 2.8 trillion spent to help small business

Rp 2.8 trillion spent to help small business JAKARTA (JP): State Minister of Cooperatives and Small-scale Enterprises Subiakto Tjakrawerdaya said yesterday that state companies and the Jimbaran-club tycoons had spent Rp 2.8 trillion (US1.

Timor sedan sales slump

Timor sedan sales slump JAKARTA: Ballooning inventories of the Timor sedans has forced Timor Distributor Nasional to revise it sales target down by 25 percent.The company president, Suparto Soejatmo, said last week that intensified competition with other models, including low-priced Japanese cars,...

Riot is the culmination of various problems: Sociologist

Riot is the culmination of various problems: Sociologist JAKARTA (JP): The Tasikmalaya riot was a culmination of various problems in Indonesian society, including legal injustices, social tensions and gross wealth disparity, sociologist Sardjono Jatiman said yesterday.

Freeport's incubator program

Freeport's incubator program JAKARTA (JP): Three more Irianese entrepreneurs have passed PT Freeport Indonesia's business incubator program in Timika.The three were Eudolf Bauw of Bintuni, Fak Fak, Edison Uropkukin of Batom, Jayawijaya and Lambertus Kapirapu of Kamoro, Mapurujaya.

City strives to create a friendly appearance

City strives to create a friendly appearanceBy Ati Nurbaiti JAKARTA (JP): For many people living in Jakarta is a matter of survival. People are stressed. Dealing with officials and taking care of business is often frustrating.

Bakrie Finance to acquire Swadinamika Multi Finance

Bakrie Finance to acquire Swadinamika Multi Finance JAKARTA (JP): PT Bakrie Finance Corporation, a Bakrie Group subsidiary, will buy a 91.94 percent stake, or 57 million shares, of PT Swadinamika Multi Finance for Rp 96.9 billion (US$41.8 million).

President should control ministers

President should control ministers JAKARTA (JP): A political observer says the head of state needs to take sterner action against errant ministers.Maswadi Rauf, a lecturer at University of Indonesia's School of Social and Political Sciences, told a seminar on clean governance here Thursday, the...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 27, 1996: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 1,000 0 0 AHAP Insurance 2,675 0 0 Alumindo Perkasa 800 -25 2,500 Andayani Megah 1,075 25 440,500 Aneka Kimia...

BCA ATM

BCA ATM We would like to thank Mr. I. Ingram for his input of Nov. 16, 1996, regarding a BCA ATM.We apologize that we could not respond more favorably to his complaint. Our computerized records show that on Aug.

New tax will apply to construction, consulting services

New tax will apply to construction, consulting services JAKARTA (JP): The government has introduced a ruling to impose project-based final rates of income tax on construction and consulting services, Director General of Taxes Fuad Bawazier announced yesterday.

Aceh fishermen still in India

Aceh fishermen still in India BANDA ACEH, Aceh: Relatives of three Aceh fishermen who have been stranded on the Andaman-Nikobar island in the Indian Ocean for a year are appealing to Governor Syamsuddin Mahmud to send money to cover their airfares home.

Indonesia still attractive for foreign investors: Minister

Indonesia still attractive for foreign investors: Minister JAKARTA (JP): State Minister for Investment Sanyoto Sastrowardoyo remains bullish on foreign direct investment flows despite expected political tension come May's general election.

Toyota remains optimistic despite 1996 fall

Toyota remains optimistic despite 1996 fallBy Russell Williamson THE year 1996 may well go down on record as Toyota-Astra Motor's annus horribilus.While the volatile nature of the whole automotive sector this year has taken its toll on sales -- which are likely to fall short of expectations by more...

'Nations needs new development paradigm'

'Nations needs new development paradigm' A riot reminiscent of those in Situbondo broke out in the West Java town of Tasikmalaya Thursday. Sociologist Loekman Soetrisno analyzes it from a wider perspective. Question: People seem to be easily provoked nowadays.

Indomobil to fire on all cylinders next year

Indomobil to fire on all cylinders next yearBy Russell Williamson INDOMOBIL is set to launch a range of new models and brands next year as the company looks to the future and puts the market volatility of 1996 behind it.

RP, Korean firms tie up

RP, Korean firms tie up MANILA (UPI): The Philippines' largest oil refiner, Petron Corp., has tied up with South Korea's Ssang-Yong Oil Refining Co. to look into the possibility of constructing a refinery and petrochemical plant.Petron Corp.

PPP told to file lawsuit over dropped candidates

PPP told to file lawsuit over dropped candidates JAKARTA (JP): Chairman of the Election Screening Committee Sutoyo N.K. challenged yesterday the Moslem-based United Development Party (PPP) to sue the General Election Institute for rejecting their legislature candidates.

Supreme Court employee arrested

Supreme Court employee arrested JAKARTA (JP): Police arrested a Supreme Court employee Thursday at his house on Jl. Serdang, Kemayoran, Central Jakarta, for swindling eight job seekers of Rp 60 million (US$25,263).Central Jakarta Police Chief Lt. Col. M.

Crocodile kills woman in Sarawak

Crocodile kills woman in Sarawak KUALA LUMPUR (UPI): A 26-year-old mother of two was killed by a crocodile as she was washing clothes at a river in the east Malaysian state of Sarawak.Police say they recovered the headless body of Kayah anak Enti several hours later about a mile (1.

Myanmar solicits more foreign investment

Myanmar solicits more foreign investment BANGKOK (AFP): Myanmar is looking for more foreign investment in the three key industries of agriculture, building and consumer products to boost the domestic economy, a government official said Friday.

Bimantara plans to expand its passenger car lineup

Bimantara plans to expand its passenger car lineupBy Russell Williamson FOLLOWING the sales success of the Cakra and Nenggala cars, Bimantara plans to launch another small-medium Hyundai-derived passenger car about the middle of next year.

Disabled get double trouble

Disabled get double trouble JAKARTA (JP): Disabled women face a double discrimination whammy from society, namely their disability and their gender, an activist says.Mrs. Soegeng Soepari, the executive director of the National Welfare Council, said yesterday that such women often become dependent...

Tasikmalaya riot claims three lives

Tasikmalaya riot claims three livesBy MMI Ahyani TASIKMALAYA, West Java (JP): Three people were found dead yesterday, casualties of the rioting that erupted Thursday over alleged brutality by police against residents but which later developed into racist and sectarian violence.

Former official turns to robbery

Former official turns to robbery SERANG, West Java: A man arrested by police in Serang Thursday for robbery turned out to be a former secretary of the Lamaran village in the Carenang district, Antara reported.The suspect was identified as 40-year-old Salim.

1,200 officers to secure Ancol in New Yea's Eve

1,200 officers to secure Ancol in New Yea's Eve JAKARTA (JP): Almost 1,200 officers will be deployed to New Year's Eve festivities at Ancol Dreamland, North Jakarta, as nearly 20,000 people are expected to see in the New Year at the recreational site.Maj.

Toyota invests $95 million

Toyota invests $95 million MANILA (AFP): Japanese auto maker Toyota Motor Corp. is to invest 2.5 billion pesos (US$95 million) to expand manufacturing operations for automotive parts in the Philippines, an official of Toyota Motors Philippines Corp. said yesterday.

Thai businesswoman visited White House 26 times

Thai businesswoman visited White House 26 times WASHINGTON (AFP): A Thai businesswoman visited the White House 26 times since President Bill Clinton came to power and at one coffee with the president gave the Democratic Party $85,000, The Washington Post said yesterday.

Relatives accept corporal's death

Relatives accept corporal's death DILI, East Timor: Mourning relatives of Army chief corporal Alfredo Siga dos Santos said they regarded his death as an "accident", Antara reported yesterday.Alfredo was killed by a mob inside Dili's main cathedral on Christmas Eve.

African Moslems on brotherly visit

African Moslems on brotherly visit SURABAYA: Five South African Moslems are currently visiting East Java in an effort to enhance relations and set up cooperation with their brothers in the province, Antara reported.

Rallies banned in next year's electioneering

Rallies banned in next year's electioneering JAKARTA (JP): The government has issued a new election campaigning rule, formally banning the street rallies and convoys of political supporters in trucks or on motorbikes that in the past were the highlights of the election period.

Justice by violence?

Justice by violence? After a day of rioting, police and troops finally restored calm to Tasikmalaya, the normally placid West Javanese town where thousands of people went on a rampage Thursday, killing at least three people and damaging shops, churches and other property.

Kadin says red tape hindering investment

Kadin says red tape hindering investment JAKARTA (JP): The Indonesian Chamber of Commerce and Industry voiced concern yesterday because many investment commitments were not being realized and non-oil export growth was slowing.

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.

Military to help delyed project

Military to help delyed project JAKARTA (JP): The Bekasi regent has asked intelligence officials to help end a seven-year delay of an industrial estate project, a Jakarta Military Command officer said yesterday.

HK artist to perform here

HK artist to perform here JAKARTA (JP): Hong Kong singer and actor Andi Lau will perform in a three-day show at the Jakarta Convention Center from Jan. 3. to Jan 5.The singer stared in the popular TV series Return of the Condor Heroes.

Death toll in Malaysian storm increases to 127

Death toll in Malaysian storm increases to 127 KOTA KINABALU, Malaysia (Agencies): The death toll yesterday climbed to 127 after a tropical storm ripped the west cost of Malaysia's Sabah state in the country's worst natural disaster in recent years, officials said.

East Timor

East Timor What has happened with Portugal over the East Timor issue reminds me of what also happened with the Netherlands over "the Netherlands Indies," during the early years of our independence.Many ex-colonialist countries were apparently undergoing post- power syndrome, and some had even been...

U.S. West decides to pull out of India

U.S. West decides to pull out of India NEW DELHI (AFP): India's reforms in the telecommunications sector got a jolt Friday when U.S. West Inc., the first foreign company to invest in the sector, said it was pulling out of the country.

Body found in gutted shop

Body found in gutted shop PEKANBARU, Riau: The authorities have found a charred body in one of the two shop-houses gutted by fire in Senapelan Market Thursday.The victim has been identified as 50-year-old Zulkarni, whose son Hendri died after jumping from the third floor during the blaze, Antara...

Peugeot sets its sights on ASEAN market

Peugeot sets its sights on ASEAN marketBy Russell Williamson PEUGOET's launch of the midsize 406 sedan in Indonesia earlier this month signaled the beginning of the French carmaker's aggressive strategy to substantially increase its market share and volume in the ASEAN region.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Animated Classic 3:00 News: Lintasan Berita 3:05 Sport: Denmark's Badminton 4:00 News: Lintasan Berita 4:05 Film: Out of The Blue 5:00 News: Siaran Berita TVRI 5:25 Travel: My Country 5:30 Environment Program: National Journey 6:00 News:...

Police deny torture used in Parung clash

Police deny torture used in Parung clash BOGOR, West Java (JP): Police have denied torturing residents during a clash with Cibentang villagers over the installation of high-voltage electric cables.A lieutenant colonel, who wanted to be anonymous, told The Jakarta Post yesterday the officers just...

Thais act against illegal workers

Thais act against illegal workers BANGKOK (Reuter): Thai immigration officials said yesterday they had launched a crackdown against Bangladeshi, Myanmar, Cambodian and Laotian workers entering the country illegally.

YLBHI gives the thumbs down to rights record

YLBHI gives the thumbs down to rights record JAKARTA (JP): The Indonesian Legal Aid Foundation (YLBHI) yesterday gave the thumbs down to Indonesia's human rights record in 1996.The year was marked by violence, foundation chairman Bambang Widjojanto said at a news conference to give his assessment...

'Magic' tickets sell well

'Magic' tickets sell well JAKARTA (JP): More than 5,000 tickets for the Magic Johnson All Stars shows have been sold, an organizer said yesterday.Ary Sudarsono, the host of the one-off basketball event, said that 5,000 tickets have been paid for and another 9,000 have been booked.

East Timorese youths protest about Horta

East Timorese youths protest about Horta YOGYAKARTA (JP): Around 30 pro-integration East Timorese youths staged a peaceful demonstration yesterday at the legislative council to counter previous protests by anti- integration groups.

4 sports yet to start SEA Games training

4 sports yet to start SEA Games training JAKARTA (JP): Aware of the limited time remaining to groom athletes for the SEA Games here next year, the National Sports Council is concerned that four sports organizations have yet to start their decentralized training programs.

Leaders condemn Tasikmalaya's wave of violence

Leaders condemn Tasikmalaya's wave of violence JAKARTA (JP): Politicians and religious leaders condemned yesterday the violence in the West Java town of Tasikmalaya, calling on the authorities to discover the root of the problem, and resolve it.

Special treatment for traffic in Puncak

Special treatment for traffic in Puncak BOGOR, West Java (JP): Six hundred police and 300 people from the Scout movement, the military and youth organizations will be deployed to manage traffic to the Puncak resort on New Year's Eve.Bogor Police Chief Lt. Col.

BII hopes for Rp 967b from rights issue

BII hopes for Rp 967b from rights issue JAKARTA (JP): Publicly listed Bank Internasional Indonesia (BII) expects to raise about Rp 967 billion (US$408 million) from a planned rights issue.BII president Indra Widjaja said yesterday the rights shares would be sold to existing shareholders in early...

Hanoi wins WB credit for rural road revamp

Hanoi wins WB credit for rural road revamp HANOI (Reuter): The World Bank said yesterday that it would lend Vietnam $55 million for a project to revamp rural access roads in 15 of the country's poorest provinces.The International Development Association credit will cover most of the project's $60.

Try to open information week

Try to open information week JAKARTA: Vice President Try Sutrisno is scheduled to open the Rural Information Fair (Pependes) in the East Java town of Pasuruan on Jan. 4, Antara reported.Information Minister Harmoko disclosed that the five-day fair would see contests and quiz games among radio...

Mercedes achieves world standard accreditation

Mercedes achieves world standard accreditationBy Russell Williamson MERCEDES-BENZ Group Indonesia has become the first automotive manufacturer in Indonesia to receive the prestigious ISO 9001 certification.