Indonesian Political, Business & Finance News

Archive: 8 February 1996

62 articles found

Softball to make comeback in SEA Games

Softball to make comeback in SEA Games JAKARTA (JP): The Indonesian Softball Association urged yesterday the National Sports Council to include softball among medal events in the upcoming 19th Southeast Asian Games here next year.

Indonesia regrets Canadian protest

Indonesia regrets Canadian protest JAKARTA (JP): The Ministry of Foreign Affairs yesterday summoned Canadian Ambassador Lawrence Dickerson to express Indonesia's deep regret at Ottawa's protest last week alleging Indonesian government pressure on the mother of an East Timor activist residing in...

Indonesia eyes Olympic beach volleyball berth

Indonesia eyes Olympic beach volleyball berth JAKARTA (JP): Indonesia is out to win an Olympic berth for its women's team in the World Championships Series in Rio de Janeiro, Brazil, which starts today.

Urea fertilizer debacle

Urea fertilizer debacle The furor over the shortage of urea fertilizer over the last few months, reportedly caused in part by farmers' opposition to using urea in tablet form, is strange for two reasons.

Local press getting bolder, observers say

Local press getting bolder, observers say SEMARANG (JP): The Indonesian press has become more courageous in recent years and more effective in keeping the government in check, some political observers say.

Vision needed

Vision needed The progress we have achieved -- as measured by income per capita, the export-import balance, the state of our technology and industry -- is not yet on par with that achieved by other countries, even in the Southeast Asian region.

High rise in rice prices good for farmers: Analyst

High rise in rice prices good for farmers: Analyst JAKARTA (JP): The 12.5 percent increase in the floor price of unhusked rice will improve the terms of trade for farmers as long as prices of other commodities do not follow suit, food commodities analyst Chrisman Silitonga said here yesterday.

Hillary column

Hillary column Last Sunday's Jakarta Post (Feb.4) featured its usual syndicated column of Hillary Clinton's "Talk It Over".For the readers' benefit I shall repeat verbatim what Hillary expressed towards the end of her passage "Americans equipped best to help the world".

Novus in Kakap oil field

Novus in Kakap oil field SYDNEY (Reuter): Novus Petroleum Ltd said it has agreed to pay US$10.2 million to the U.S.-based Marathon International Oil Co to lift its stake in Indonesia's Kakap offshore oil field to 25 percent from 18.75 percent.

Indosat's profilts rise by 59% to Rp 459b in 1995

Indosat's profilts rise by 59% to Rp 459b in 1995 JAKARTA (JP): The state-owned international telecommunications company PT Indosat yesterday reported a 59 percent rise in its net profit last year to Rp 459.4 billion (US$198.7 million) from Rp 289 billion in 1994.

Malaysia operates Islamic money market

Malaysia operates Islamic money market KUALA LUMPUR (AFP): Malaysia's central Bank Negara said yesterday it had decided to use the Islamic interbank money market as another avenue to influence liquidity in the banking system.

Enron has last laugh on India project

Enron has last laugh on India projectBy Clarence Fernandez BOMBAY (Reuter): Manohar Joshi, the chief minister of India's wealthiest state, seems an unlikely cowboy. He successfully took on the Texans and won. Or so it seemed.When Maharashtra's right-wing alliance government forced U.S.

Spotlight

SpotlightPhoto A: HyattGrand Hyatt JakartaNEW HYATT HOTEL: On Jan. 10, Minister of Tourism, Post and Telecommunications Joop Ave, South Sulawesi Governor ZB Palaguna and Bernd Chorengel, president of Hyatt International, witnessed the signing of an agreement between PT Sulawesi Wisatanusakarya, a...

Blast at university wrecks lavatory

Blast at university wrecks lavatory JAKARTA (JP): Students angry over bad examination results are believed to be behind the explosion which ruined a university toilet yesterday.Luckily there were no victims as at the time nobody was in the toilet, an employee of the Tarumanegara private university...

Sri Lanka's fate as W. Cup host put on hold

Sri Lanka's fate as W. Cup host put on hold NEW DELHI (AFP): Cricket's administrators yesterday were involved in hectic consultations over Sri Lanka's fate as World Cup host, but a decision was unlikely to be taken before the weekend.

Customer sues bank over account

Customer sues bank over account JAKARTA (JP): A customer of Standard Chartered Bank has sued the bank for blocking her office account for no legal reason and, therefore, defaming her name and her office reputation.

Police seek help of 'spiritual guru'

Police seek help of 'spiritual guru' PROBOLINGGO, East Java: Police have asked a local man, known to be a "spiritual guru", to help solve the recent murder of a "sorcerer", because the two suspects in their custody have started to blame each other, Antara reported.Police chief Lt. Col.

President's Cup boxing takes a break this year

President's Cup boxing takes a break this year JAKARTA (JP): Indonesia will not stage the President's Cup boxing championships this year due to the busy international agenda.Imron Z.S., executive chairman of the Indonesian Amateur Boxing Association, said yesterday that the annual tournament,...

Cheil improves waste processing

Cheil improves waste processing SURABAYA: Cheil Samsung Indonesia, a Korean food seasoning company which became the target of violent demonstrations by local residents for allegedly polluting the river last year, announced yesterday it has "improved" its sewerage.

Three ITB lecturers and two students expelled

Three ITB lecturers and two students expelled JAKARTA (JP): Three junior lecturers and two students have been expelled from the prestigious Bandung Institute of Technology (ITB) following the controversy over the death of a freshman during an initiation week program recently.

Aceh has special Idul Fitri cards

Aceh has special Idul Fitri cards BANDA ACEH, Aceh: Most people choose to buy and send Idul Fitri greeting cards bearing pictures of the traditional drum bedug, ketupat (boiled rice cake) or mosques.Not some Acehnese.

Toyota to buy RI engines

Toyota to buy RI engines TOKYO (Reuter): Toyota Motor Corp is considering importing engines produced by its Indonesian unit this autumn, a Toyota spokesman said yesterday.The four-cylinder 1,800cc engines would be used in Toyota's Japan-made commercial vehicles.

Indonesian press needs to strive for independence

Indonesian press needs to strive for independence SURAKARTA, Central Java (JP): Political and social analysts here have concluded that as long as the Indonesian press remains subservient to the state it will not be able to propagate the democratic values that are required to meet the challenges of...

JSX suspends Erdhika Mulyatama

JSX suspends Erdhika Mulyatama JAKARTA (JP): The Jakarta Stock Exchange (JSX) yesterday suspended a securities company, PT Erdhika Mulyatama, for thirty trading days for its failure to comply with trading rules.In addition to the suspension, which began yesterday, JSX also fined Erdhika Rp 2.

No more bus tickets to Sumatra available

No more bus tickets to Sumatra available JAKARTA (JP): Bus tickets to Sumatra destinations from Feb. 8 to Feb. 25 are no longer available at Pulo Gadung and Rawamangun bus terminals.An employee of the ANS bus company confirmed yesterday that all the tickets have been sold.

'Delay first birth until 20'

'Delay first birth until 20' JAKARTA (JP): State Minister of Population Affairs Haryono Suyono yesterday appealed to young married couples to postpone the birth of their first child until the woman is at least 20 years old, to help with the government's family planning campaign.

Ramadhan time for Jakarta

Ramadhan time for JakartaThursday Maghrib 6.19 p.m.Friday Imsak 4:28 a.m. Subuh 4.38 a.m.

Paraplegic travels the country

Paraplegic travels the country PADANG, West Sumatra: Thirty-year-old Ismail, a paraplegic who set off in 1988 to travel across the country on a specially- designed bicycle, has returned home.Ismail said yesterday that he planned to continue his trip and arrive in his hometown of Langsa in Aceh...

Five months jail for burglars

Five months jail for burglars JAKARTA (JP): The West Jakarta District Court yesterday sentenced two men to five months imprisonment after finding them guilty of stealing electronic goods.Surya and Nurdin stole the goods from the house of Robby on Jl. Jelambar, West Jakarta, on Nov.

Govt cannot stop establishment of poll watchdogs

Govt cannot stop establishment of poll watchdogs JAKARTA (JP): The government yesterday said it does not have the authority to prevent private organizations from establishing their own independent election watchdogs, although it believes they are totally uncalled for.H.S.A.

Roadwork may disrupt traffic during Idul Fitri

Roadwork may disrupt traffic during Idul Fitri JAKARTA (JP): Sporadic road repairs along the northern coast of Java will disturb the traffic flow from Jakarta to Central and East Java and vice versa, an official has warned.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Ultraman 3:00 News: Lintasan Berita 3:05 Dance: Variety Dance 3:30 Women's Program: Health Service 4:00 News: Lintasan Berita 4:05 TV Series: Al Jamalludin Al Afghani 5:00 Evening News 5:25 Travel: My Country 5:30 Arabic Lessons 6:00 News:...

Investors urged to set up mutual funds

Investors urged to set up mutual funds JAKARTA (JP): The new capital market law should provide the momentum for domestic institutional investors, including pension funds, to become more active on the stock market through mutual funds, an official said.

RI gets ADB loan

RI gets ADB loan MANILA (AFP): The Asian Development Bank (ADB) has extended a US$102-million loan to strengthen engineering education in Indonesia, a statement from the bank said yesterday.The loan, approved Tuesday, will help fund the country's Engineering Education Development Project which is...

Minister refuses to downsize bureaucracy

Minister refuses to downsize bureaucracy JAKARTA (JP): The government has turned down proposals to cut the four-million strong civil service to improve efficiency."We have no intention to trim the bureaucracy because we don't want to please bureaucrats who remain in office while plunging others...

Bus driver arrested for raping maid

Bus driver arrested for raping maid JAKARTA (JP): A minibus driver was apprehended by an angry mob yesterday after he allegedly raped a maid in the Jatimakmur village in Pondok Gede, Bekasi, 30 kilometers west of here.Head of the Bekasi police precinct Lt. Col.

Syarwan appointed ABRI political chief

Syarwan appointed ABRI political chief JAKARTA (JP): Maj. Gen. Syarwan Hamid, who has articulated most of the military's political views for the past year, has been promoted to become the Armed Forces Chief of Political Affairs.

Guide to language training business

Guide to language training businessBy John Phillips This is the first of two articles on English teaching in Indonesia. YOGYAKARTA (JP): I first came to Indonesia to become a language education consultant at a government project under the nominal supervision of a private school.

ICRC sends team to meet Irian rebels

ICRC sends team to meet Irian rebels JAKARTA (JP): A team from the International Committee of the Red Cross (ICRC) office in Jakarta flew to Irian Jaya yesterday to join in the government's efforts to secure the release of 13 people, including six Europeans, held hostage by separatist rebels.

Information, not condoms in hotels

Information, not condoms in hotels JAKARTA (JP): The government has ruled out the suggestion of providing free condoms in every hotel room as part of its anti- AIDS drive. Instead, it urged hotels to put leaflets on the danger of AIDS in every room.

Mosque loudspeakers

Mosque loudspeakersFrom RepublikaI used to visit mosques all over the country, especially the ancient ones, where I loved to perform my prayers. My attraction to mosques is their beauty and grandeur, also their miraculous ability to create inner peace.That was then. Now I feel distant from mosques.

NU dissenters to set up rival chapter board

NU dissenters to set up rival chapter board SURABAYA (JP): Breakaway leaders in Indonesia's largest Moslem organization Nahdlatul Ulama (NU) are preparing to establish a rival chapter in East Java.K.H. Hasib Wahab, the deputy chairman appointed to the rival central board established last month, as...

PLN to float Rp 1t of bonds this year

PLN to float Rp 1t of bonds this year JAKARTA (JP): State-owned electricity company PLN will issue bonds worth Rp 1 trillion (US$432.5 million) this year to partly finance new power projects.PLN president Djiteng Marsudi said yesterday that the plan of the bond issuance had been approved by the...

Mentiga in RI venture

Mentiga in RI venture KUALA LUMPUR (Reuter): Malaysia's Mentiga Corp Bhd said it has signed a joint venture agreement with Indonesia's Tradisi Group to develop 25,000 hectares of secondary forest in north Sumatra island into an oil palm plantation.

Indonesia Open golf tourney in Jagorawi

Indonesia Open golf tourney in Jagorawi JAKARTA (JP): The Indonesia Open, the country's oldest men's professional golf championship, will be staged for the 21st time from March 13 to March 17 at the Jagorawi GC, Cibinong, West Java.

Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Mezzanine Lounge: Solo Pianist, daily from 7:30 p.m. to 10:30 p.m., opening hours Monday to Sunday 11 a.m to 1 a.m. * Hotel Aryaduta, Jl.

Siti Hardiyanti inducted as new volleyball leader

Siti Hardiyanti inducted as new volleyball leader JAKARTA (JP): Siti Hardiyanti Rukmana was sworn in yesterday as the new chairperson of the Indonesian Volleyball Association, with a pledge to restore the country's pride in the sport.

House to question evacuation of shopping bridge

House to question evacuation of shopping bridge JAKARTA (JP): Legislators have pledged to demand an explanation from the city mayoralty over Monday's evacuation of 60 shop owners from a pedestrian walkway.

Thai firms rush to issue ECDs

Thai firms rush to issue ECDs BANGKOK (Reuter): Thai listed companies are taking advantage of the local stock market's recovery and a downtrend in interest rates abroad to step up the issue of Euro Convertible Debentures (ECDs), bankers and analysts said yesterday.

Garuda revises order

Garuda revises order SINGAPORE (Reuter): McDonnell Douglas said yesterday that Garuda Indonesia was converting its order for three MD-11 aircraft into MD-11ER.McDonnell officials told a news conference that delivery of the aircraft had been moved ahead to late 1996 and 1997 from the previously...

Chemical firm told to close warehouse

Chemical firm told to close warehouse JAKARTA (JP): The West Jakarta mayor has ordered the management of PT Agung Kimia Jaya Mandiri chemical company to close its warehouse in West Jakarta following a spate of protests by area residents over pollution and explosions.

Noe sale commemorates an Indonesian collector

Noe sale commemorates an Indonesian collectorBy Amir Sidharta JAKARTA (JP): Last year, admirers and collectors of art in Indonesia grieved the loss of Adrian Noe, a respected collector of Asiatic art. This week, his entire collection will be auctioned by Christie's at the Erasmus Huis, Jakarta.

APEC drafts Manila summit action plan

APEC drafts Manila summit action plan MANILA (AFP): More than 500 senior officials from the 18- member countries of the Asia Pacific Economic Cooperation (APEC) began yesterday a crucial two-day forum to draw up action plans to be presented at the APEC summit here in November.

Japanese companies attracted to Asian market

Japanese companies attracted to Asian marketBy Tim Cribb TOKYO (AFP): Japan's current account data due out this week is expected to underscore the enormity of its growing surplus with Asia, which officials say is being fueled by the shift of its companies into the region.

Girlfriend's testimony

Girlfriend's testimony JAKARTA (JP): The girlfriend of a murdered cable construction worker has testified in the Central Jakarta District Court that she saw one of the three suspects in the case with the victim on the night of the murder.

Man gets life for parcel bomb

Man gets life for parcel bomb HANOI (AFP): A man in the central Vietnamese province of Lam Dong has been jailed for life for using a home-made parcel bomb to settle scores with an executive over a land dispute, the press reported yesterday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 7, 1996: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 775 -25 32,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,975 -100 53,000 Aneka...

Rape case probe continues

Rape case probe continues JAKARTA (JP): Deputy Governor for Administrative Affairs Idroes threatens to punish city public order office staffers who are involved in a recent housemaid rape case.Investigation on the involvement of the city public order officials is going on, he told reporters on...

Help-the-poor savings

Help-the-poor savings JAKARTA (JP): Bank Putera Multikarsa has introduced a help-the poor savings program to support the government's efforts of alleviating poverty in the country.Under the three-month program, the bank has committed to setting aside a Rp 2,000 (86.5 U.S.

Govt raises floor prices of rice

Govt raises floor prices of rice JAKARTA (JP): The government yesterday raised the floor price of unhusked rice by Rp 50 or 12.5 percent to Rp 450 (19.9 U.S. cents) following a two-year record high of the country's inflation rate in January.

Two lecturers get award

Two lecturers get award PONTIANAK, West Kalimantan: M. Asrori and Tadjudin Nur, both staff lecturers at Tanjungpura University, recently won an award for their research on education, Antara reported.One paper was on students who also have to work to earn their livelihood and help their parents.

President to revoke beer ruling

President to revoke beer ruling JAKARTA (JP): President Soeharto is expected to issue a decree revoking the Bali governor's ruling authorizing a private company, PT Arbamass Multi Invesco, to act as sole distributor of levy-labeled beer in the resort island.