Indonesian Political, Business & Finance News

Archive: 3 December 1996

56 articles found

Bhuwanatala Indah lists on Surabaya bourse

Bhuwanatala Indah lists on Surabaya bourse JAKARTA (JP): PT Bhuwanatala Indah Permai, a shopping center and hotel operator, cross listed its shares on the Surabaya Stock Exchange (SSX) yesterday.BIP president Benny Soetrisno said yesterday the company, which had been listed on the Jakarta Stock...

Three routes short-listed for Trans-Asian rail link

Three routes short-listed for Trans-Asian rail link KUALA LUMPUR (AFP): Three routes have been short-listed for a proposed Trans-Asia railway link from Singapore to Kunming in China, Malaysia's transport minister said yesterday.

Inflation rises 0.57%

Inflation rises 0.57% JAKARTA (JP): Indonesia recorded a month-on-month inflation rate of 0.57 percent for November, up 0.15 percentage points on last November's rate, the Ministry of Finance announced yesterday.Inflation for October was 0.41 percent.November's inflation was mostly caused by a 1.

RI national car talks open in Geneva today

RI national car talks open in Geneva today GENEVA (AFP): Bilateral talks aimed at ending a dispute over Indonesia's national car policy, criticized for breaching international trade rules, are to open today in Geneva in an attempt to avert outside adjudication.

Raid on ID cards

Raid on ID cardsFrom KompasOn Nov. 25, I was on my way home from Citraland in Slipi, West Jakarta around 11 p.m. when I noticed that a raid was going on. The cab I occupied was one of many nabbed by officials.They were checking identity cards.

Advertising body wants total control

Advertising body wants total control JAKARTA (JP): The Indonesian Association of Advertising Agencies is lobbying the government to make all advertising agencies join it.Association chairman Koes Pudjianto said yesterday compulsory membership was one of the rules on advertising proposed by the...

Pan Brothers' divestment

Pan Brothers' divestment JAKARTA (JP): Publicly listed textile maker PT Pan Brothers Tex, a Pan Brothers Group subsidiary, has won its shareholders' approval to sell its shares in three other Pan Brothers Group subsidiaries: PT Pancaplaza Indotextile, PT Charpan Buna and PT Pancaprima Ekabrothers.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Berenstain Bears 3:05 Children's Program: Gemar Membaca 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 Lesson: Your...

Malaysian king visits Cambodia

Malaysian king visits Cambodia PHNOM PENH (AFP): The King and Queen of Malaysia arrived here yesterday for a state visit, the third such visit hosted by King Norodom Sihanouk in as many months.King Tuanku Ja'afar Abdul Rahman and his wife, the Raja Permasuri Agong, were met at Pochentong...

Singapore govt presents $8.14b interim budget

Singapore govt presents $8.14b interim budget SINGAPORE (AFP): Singapore Finance Minister Richard Hu presented to parliament yesterday an interim national budget for 1997 totaling S$11.4 billion (US$8.14 billion) amid uncertainty over the date of the island state's next elections.

Myanmarese students stage second protest in six weeks

Myanmarese students stage second protest in six weeks YANGON (Reuter): About 1,500 Myanmar university students staged the second street demonstration in six weeks yesterday when they moved a peaceful sit-in protest to the streets of Yangon, witnesses said.

Lawyer in subversion case upset by legal conduct

Lawyer in subversion case upset by legal conduct JAKARTA (JP): Lawyer Trimoelja D. Soerjadi was up in arms yesterday because the prosecutors office neglected to inform him that the dossiers on his three clients, up on subversion charges, had been presented to the Surabaya district court for...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 2, 1996: -------------------------------------------------------- Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,075 0 0 AHAP Insurance 2,675 0 0 Alumindo Perkasa...

Big power rows could burst Asian bubble: RP

Big power rows could burst Asian bubble: RP MANILA (Reuter): Big power conflicts could "burst the bubble of stability" in the Asia-Pacific region and wreck APEC's potential as the world's biggest free-trade area, Philippine President Fidel Ramos warned yesterday.

Ten to face trials over role in July riots

Ten to face trials over role in July riots JAKARTA (JP): Chairman of the unrecognized Democratic People's Party (PRD) Budiman Sudjatmiko and nine other people will soon be tried for allegedly masterminding the violent riots on July 27 here.

AIDS lurks in East Timor

AIDS lurks in East Timor DILI, East Timor: Increasing human traffic has exposed the province to the deadly Acquired Immune Deficiency Syndrome (AIDS), chief of the provincial health office Samuel Munaiseche said yesterday.

Philippines asks for RI badminton coaches

Philippines asks for RI badminton coaches JAKARTA (JP): The Badminton Association of Indonesia had the honor of being visited by the chairwoman of the Badminton Association of the Philippines, Amelita M Ramos, at its headquarters in Cipayung, East Jakarta, yesterday.

Soldiers to have $7m shopping center

Soldiers to have $7m shopping center JAKARTA (JP): The construction of an Rp 18-billion (US$7.64 million) shopping center to serve mainly soldiers started at the Marine Corps complex in Cilandak, South Jakarta, yesterday.

RP awakens to the potentials of its neighbors

RP awakens to the potentials of its neighborsBy Mynardo Macaraig DAVAO, Philippines (AFP): After courting investors and traders from the United States, Europe, Japan and the so-called tiger economies of Asia, the Philippines is finally awakening to the potential of its nearest neighbors, Brunei,...

'No big impact on S'pore tourists'

'No big impact on S'pore tourists' SINGAPORE (AFP): Australia has expressed regret for attacks against Singaporeans and vowed to take steps against racial harassment directed at Asians, Foreign Minister S. Jayakumar told parliament yesterday.

Danareksa opens outlet

Danareksa opens outlet JAKARTA (JP): State-owned fund manager PT Danareksa Fund Management opened its second retail outlet yesterday at the Jakarta International Trading Center in Mangga Dua, North Jakarta.

Dashboard thieves arrested

Dashboard thieves arrested TANGERANG (JP): Police arrested yesterday three men suspected of stealing car dashboards in an operation named Kilat Jaya on Jl. Gatot Subroto in Tangerang.Tangerang police chief Lt. Col.

N. Sumatra needs rubber

N. Sumatra needs rubber JAKARTA (JP): At least 11 private rubber makers in North Sumatra are suffering because of a shortage of natural rubber.The deputy of the Indonesian Rubber Producers Association's provincial chapter, Fauzi Hasbalah, said in Medan yesterday that local rubber makers should buy...

Tower firm seeks foreign equity

Tower firm seeks foreign equity BANDUNG (JP): PT Menara Jakarta, the private consortium planning to build the country's tallest tower in Kemayoran, Central Jakarta, for US$560 million, has invited foreign firms to join its project.

'Inaccurate news could worsen drug problems'

'Inaccurate news could worsen drug problems' JAKARTA (JP): An international conference on the prevention of drug and substance abuse opened here yesterday with President Soeharto warning that inaccurate media reporting could worsen the country's drug problems.

Control the growth of cities, Soeharto warns

Control the growth of cities, Soeharto warns JAKARTA (JP): The growth of cities needed serious attention to prevent more problems, President Soeharto said yesterday.Although urban areas are expected contribute up to 80 percent of Indonesia's national income, the expansion has created several...

Indosat to raise phone rates to S'pore

Indosat to raise phone rates to S'pore JAKARTA (JP): International telecommunications provider PT Indosat is waiting for a government approval to raise billing rates to Singapore, the company announced yesterday.

Singapore woman overstays visa by 10 years: Police

Singapore woman overstays visa by 10 years: Police JAKARTA (JP): Police have handed over a 42-year-old woman, believed to be Singaporean, to the Immigration Office for overstaying her Indonesian visa by about 10 years, police said yesterday.Head of the City Police's Control of Foreigners unit Lt.

Bengawan Solo badly polluted

Bengawan Solo badly polluted SEMARANG: Industrial waste dumped into Bengawan Solo river is posing health problem for the hundreds of thousands of people who use the river water for daily purposes in Central and East Java.

Ten die of dengue fever

Ten die of dengue fever PURWOKERTO, Central Java: Dengue fever affecting Kebumen, Purwokerto and Klaten killed at least 10 people and sent 160 others to hospitals in November, an official said yesterday.

Komodo

Komodo The two-page coverage on the island of Komodo carried in your Sunday, Dec. 1 edition provided a colorful glimpse into the background and operation of one of the world's most cherished natural heritage areas.

Foresters meet opens near Bogor

Foresters meet opens near Bogor JAKARTA (JP): Forestry experts and officials from around the world gathered in Cisarua near Bogor, West Java, yesterday to discuss forestry issues and take part in a training program for forest certification.

Phone lines disrupted

Phone lines disrupted JAKARTA (JP): Due to the widening of Jl Raya Cilondoh in Tangerang the areas' telephone lines will be disrupted for about two weeks.The telephone numbers affected are those beginning with 551, 552, 553, 554 and 558, the state-owned telecommunications company, PT Telkom, said...

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.

'Bishop Belo has freedom to express his views'

'Bishop Belo has freedom to express his views' JAKARTA (JP): The government will not tell East Timor's Roman Catholic bishop, Carlos Filipe Ximenes Belo, what to say when he receives his share of this year's Nobel Peace Prize in Oslo on Dec. 10, a senior cabinet minister said here yesterday.

What kind of politics?

What kind of politics? In your Nov. 17, 1996 issue under the headline Thousands welcome Bishop Belo in Dili, you quote Minister of Foreign Affairs Ali Alatas as saying "that both Indonesia and the Vatican believed that Belo should stay out of politics".

Detention center 'responsible for inmate's death'

Detention center 'responsible for inmate's death' JAKARTA (JP): A lawyer said yesterday the Pondok Bambu detention center in East Jakarta was responsible for the death of his client and said the jail's conditions needed to be improved.

Singapore to build $1.07b terminal for super jumbos

Singapore to build $1.07b terminal for super jumbos SINGAPORE (AFP): The Singapore government announced yesterday it would soon start work on a modern third airport terminal capable of handling the 600-seat "super jumbos" of the 21st century.Changi airport's Terminal 3, estimated to cost S$1.

Feisal warns of campaign clashes

Feisal warns of campaign clashes JAKARTA (JP): Armed Forces Commander Gen. Feisal Tanjung said yesterday possible election rule violations could lead to physical clashes.This should be anticipated as early as possible, Feisal said at City Hall.

Prince Andrew to visit Manila

Prince Andrew to visit Manila MANILA (AFP): Britain's Prince Andrew, the Duke of York, will visit the Philippines from Dec. 19-20, the British Embassy said yesterday.The prince, a lieutenant commander in the Royal Navy, is scheduled to meet with Philippine President Fidel Ramos, Defense Secretary...

Two caught in record drug haul

Two caught in record drug haul JAKARTA (JP): Customs officers at the Soekarno-Hatta International Airport have arrested two Singaporeans for smuggling a record 70,431 Ecstasy pills into Indonesia.Director of Prevention and Investigation at the Director General of Customs and Excise, Thomas...

City has stopped property barter deals: Official

City has stopped property barter deals: Official JAKARTA (JP): City-owned property has become too valuable to be exchanged, an official said yesterday.This is why agreements with the private sector to build on city-owned property could no longer be conducted by trading the land for a plot...

Nuclear bill: A ploy to build power plants?

Nuclear bill: A ploy to build power plants? JAKARTA (JP): As deliberation draws to a close, it is becoming obvious that the government drafted the nuclear energy bill to legalize its controversial plans for building nuclear power plants, a legislator said yesterday.

Karaoke diplomacy livens summit

Karaoke diplomacy livens summit Our Asia correspondent Harvey Stockwin reports on the latest developments in the style of Philippine diplomacy -- and how this new political format could help dissipate prevailing regional tensions.

PT Indosat to launch new satellite service

PT Indosat to launch new satellite service JAKARTA (JP): International telecommunications provider PT Indosat will launch a new service next January for international calls using International Maritime Satellite's (Inmarsat) services.Indosat public relations manager J.B.

Thai oil firm to invest $4.8b over five years

Thai oil firm to invest $4.8b over five years BANGKOK (AFP): The Petroleum Authority of Thailand (PTT) said yesterday it would invest 129 billion baht (US$4.8 billion) over the next five years.About 60 percent of total investment would be spent on exploration and natural gas activities while the...

Official says limit imports

Official says limit imports JAKARTA (JP): The Ministry of Industry and Trade's director general for domestic trade, Djoko Moeljono, warned local companies yesterday about growing imports.Djoko said continually increasing import levels would hurt the country's economy if nothing was done to solve...

Eddy shows form to beat Suwandi for first time

Eddy shows form to beat Suwandi for first time JAKARTA (JP): Eddy Kusdaryanto shelved his long-time status as a mere bridesmaid of Suwandi when he upset the Indonesian number one tennis player 6-4, 6-7 (5-7), 6-4 yesterday on the opening day of a national selection tournament.

Japan eyes Buton asphalt

Japan eyes Buton asphalt JAKARTA (JP): A Japanese investor plans to spend Rp 250 billion (US$106 million) developing an asphalt mine in Buton regency, Southeast Sulawesi, according to the local governor.

'Dead man' returns at his wake in RP

'Dead man' returns at his wake in RP MANILA (AFP): A man who went missing for a month went berserk when he returned to his Manila home and discovered his wife and neighbors holding a funeral wake for him, complete with a corpse they assumed to be his, police said yesterday.

Fire victims ready to seek legal advise

Fire victims ready to seek legal advise JAKARTA (JP): Fire victims in Karet Tengsin plan to seek legal help if the Central Jakarta mayoralty does not allow them to rebuild their houses.A residents' spokesman, who did not want to be identified, said yesterday the residents had land ownership...

Realigning local taxes

Realigning local taxes Many officials will lose significant sources of personal, though illegal, incomes when the bill on local taxes and retributions (user tax and user fees) comes into force sometime next year.

Police call for more time in murder probe

Police call for more time in murder probe JAKARTA (JP): Police called yesterday for more time and a "better climate" to continue their investigations into the August slaying of Yogyakarta-based journalist Fuad Muhammad Syafrudin.Brig. Gen.

Indonesian seas safe: Navy chief

Indonesian seas safe: Navy chief JAKARTA (JP): Navy chief Vice Admiral Arief Kushariadi yesterday denied that Indonesian seas were unsafe as was suggested by the International Maritime Bureau."Our seas are quite safe.

Siltation threatens Mrica reservoir

Siltation threatens Mrica reservoir BANJARNEGARA, Central Java: Rapid sedimentation is threatening to bury the multi-purpose Mrica reservoir unless the upstream areas of Serayu and Mrawu rivers are reforested, an official has warned.An estimated 4.

Man arrested over fatal robbery

Man arrested over fatal robbery TANGERANG, West Java (JP): A 19-year-old man was arrested Friday night an hour after he allegedly robbed and stabbed to death a man on a public bus, police said.Tangerang Police Chief Lt. Col.