Indonesian Political, Business & Finance News

Archive: 13 March 1996

43 articles found

Military orders removal of all political banners

Military orders removal of all political banners YOGYAKARTA (JP): The local military chief has ordered the three political organizations to remove all flags and banners from the city's main roads amid reports that campaigning has already begun for next year's general election.Lt. Col.

Riots continue in Irian copper town

Riots continue in Irian copper town JAKARTA (JP): The copper town of Timika in Irian Jaya was beset by further riots yesterday with damage inflicted on the town's airport and facilities owned by PT Freeport Indonesia, the giant American mining company.

RI sends foremen to Malaysia

RI sends foremen to Malaysia JAKARTA (JP): Minister of Manpower Abdul Latief on Monday said farewell to 64 workers, most of whom will be employed as foremen at various construction sites in Malaysia.Their departure, arranged by the state-owned PT Bina Jasa Tenaga Kerja (Bijak), marks a new...

Paiton Energy bonds rated

Paiton Energy bonds rated MELBOURNE (Reuter): Standard & Poor's Corp said it has assigned a BBB rating to Indonesia's Paiton Energy Funding BV's US$180 million senior secured bonds due 2014.The ratings agency the outlook for the group was stable.

JSX rebounds three percent

JSX rebounds three percent JAKARTA (JP): The Jakarta Stock Exchange (JSX) yesterday saw a recovery of 3 percent with trading dominated by local buying on big capital stocks, following a strong overnight rebound on Wall Street and positive regional market sentiment.The JSX composite index jumped 16.

BTN expects profits to rise

BTN expects profits to rise JAKARTA (JP): Bank Tabungan Negara (BTN), the state-owned bank specializing in housing credits, expects its net profits to rise by 25 percent this year to Rp 211 billion (US$90.6 million).

Zebra gets new director

Zebra gets new director SURABAYA (JP): The shareholders in publicly-listed transport firm, PT Zebra Nusantara, appointed Nazimuddin yesterday as the company's new director, replacing Agnes Gondokusomo who resigned recently.Yesterday's meeting also re-elected Pudjianto as company president.

Water supply deal signed

Water supply deal signed BEKASI (JP): The Bekasi branch of the PDAM water company and PT Putra Alvita Pratama, the developer of the Bekasi Kota Legenda housing complex, signed an agreement on tap water supply yesterday.The Bekasi PDAM was represented by Dudung T.

Pamulang residents hit by drivers strike

Pamulang residents hit by drivers strike TANGERANG (JP): Hundreds of passengers were stranded for the second day yesterday as 180 drivers of vehicles plying the Pamulang to Lebak Bulus route went on strike.

Asian growth spurred by regional cooperation

Asian growth spurred by regional cooperation MANILA (AFP): Asia's powering growth will be spurred by the increasing number of geographical areas of economic cooperation, a conference was told here yesterday.

New military chiefs of staff announced

New military chiefs of staff announced JAKARTA (JP): The Chief of the Armed Forces (ABRI) Gen. Feisal Tanjung yesterday announced the names of the new National Police chief, and the chiefs of staff of the Navy and the Air Force.Hartono, the current Army chief of staff is to keep his job.

Government restructures state firms

Government restructures state firms JAKARTA (JP): The government has started restructuring state- owned companies to improve their performance and competitiveness, Minister of Finance Mar'ie Muhammad said yesterday."There are too many state-owned enterprises that need to be restructured...

Government to issue free snacks at schools

Government to issue free snacks at schools JAKARTA (JP): The government will launch an ambitious plan to improve the health of school children this year by distributing high-protein snacks free at primary schools.

Australia's new cabinet

Australia's new cabinet Our southern neighbor, Australia, now has a new cabinet. The 27-member cabinet of Prime Minister John Howard was sworn into office on Monday and is now officially executing its duties.

Asian stock markets end mixed

Asian stock markets end mixed TOKYO (Agencies): Asian stock markets were mixed yesterday as a rally on Wall Street was offset by heightening tension between China and Taiwan.Hong Kong's Hang Seng regained some of the ground it lost on Monday and Japanese share prices rebounded with the key market...

'Tempo' on Internet is okay: Harmoko

'Tempo' on Internet is okay: Harmoko JAKARTA (JP): Minister of Information Harmoko yesterday said he did not see anything wrong with Tempo, a newsweekly he closed down two years ago, starting its own homepages on the Internet."Anybody can go on the Internet.

Bad loans at private banks on decline

Bad loans at private banks on decline JAKARTA (JP): Bad credits at Indonesia's private banks declined by 6 percent within five months to Rp 1.6 trillion (US$695 million) as of last November, said the chairman of the Federation of National Private Banks (Perbanas), Trenggono Purwosuprodjo.

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.

Indonesia's female archers cancel Olympic warm-up

Indonesia's female archers cancel Olympic warm-up JAKARTA (JP): The Indonesian women's archery team, citing lack of preparation, will not take part in next month's warm-up tournament for the Atlanta Olympics.

Illegal levies

Illegal leviesFrom UmmatThe government has taken the right step in prohibiting private companies from collecting levies. I think the beer issue in Bali is a test case. Many provinces would have followed suit if the levies imposed by a private company in Bali had been allowed.

Memorial days

Memorial days In an article published in the Republika daily on Feb. 27, 1996, K.H. Firdaus, a former vice-chairman of Syarikat Islam (SI), expressed his strong objection to the government's adoption of the founding date of Budi Utomo (BU), May 20, 1908, as National Awakening Day.

Two men charged with falsifying tax invoice

Two men charged with falsifying tax invoice JAKARTA (JP): A prosecutor brought two men to court yesterday charging them with embezzling more than Rp 58 billion in state funds by using counterfeit value-added tax invoices to obtain tax refunds over a period of three years.Prosecutor R.

City to send 22,944 people on haj pilgrimage

City to send 22,944 people on haj pilgrimage JAKARTA (JP): Jakarta will send 22,944 haj pilgrims this season, 1,609 of whom are from last year's waiting list, an official says.The city secretary's assistant for social welfare, Soenarjudardji, said yesterday that the people will leave the country in...

Thugs face extermination

Thugs face extermination SEMARANG: City police chief Lt. Col. Moch. Soewondo vowed yesterday to "exterminate" gangsters who refuse to repent and cooperate with the authorities.Soewondo said gangsters have swarmed the capital of Central Java, making the city unsafe.

Telkom injects more equity into Telkomsel

Telkom injects more equity into Telkomsel JAKARTA (JP): The state-owned domestic telecommunications provider PT Telkom will have to provide an additional payment of US$109 million to maintain its equity participation in PT Telkomsel at the level of 42.72 percent, said an executive.

Cobras terrorize citizens

Cobras terrorize citizens SEMARANG: Cobras have broken out of a snake farm and slithered into neighboring offices and houses, sparking terror in the southern suburb of Srondol.Dozens of residents and office employees have filed complaints with the police against the management of CV Bumi Makmur,...

Bakun dam is safe, says senior official

Bakun dam is safe, says senior official KUALA LUMPUR (Reuter): Malaysia's $5.9 billion Bakun hydroelectric dam will provide a safe and clean energy supply for the country's future, Deputy Prime Minister Anwar Ibrahim said yesterday.

PDI activists seek recognition of Latief

PDI activists seek recognition of Latief SURABAYA (JP): Several thousand Indonesian Democratic Party (PDI) activists loyal to Latief Pudjosakti staged a noisy protest on Monday, demanding that the government recognize him as the legitimate chief of the East Java party chapter.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 12, 1996: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 925 50 19,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,900 50 165,000...

RI brushes off threats of WTO sanctions

RI brushes off threats of WTO sanctions JAKARTA (JP): An Indonesian economist says that a new government policy on the automotive industry cannot be used by Japan as grounds for complaining to the World Trade Organization.

Indorayon reiterates business strategy

Indorayon reiterates business strategy JAKARTA (JP): PT Inti Indorayon Utama announced yesterday the trial production of dissolving up, the main raw material for rayon fiber, at its industrial complex at Porsea, North Sumatra.

PDI politicians stay out of hearing with Harmoko

PDI politicians stay out of hearing with Harmoko JAKARTA (JP): Five legislators of the Indonesian Democratic Party (PDI) conspicuously stayed out of a hearing between Minister of Information Harmoko and Commission I of the House of Representatives yesterday.

National soccer team needs restructuring

National soccer team needs restructuring JAKARTA (JP): Indonesia's national team must be reshuffled for the Asian Soccer Championship finals in Dubai, the United Arab Emirates, from Dec. 8 to Dec. 20, head coach Danurwindo said yesterday.

'Suara Pembaruan' staff file lawsuit

'Suara Pembaruan' staff file lawsuit JAKARTA (JP): Journalists at Suara Pembaruan, one of Indonesia's oldest and leading newspapers, have accused its general manager and publisher of libeling them by wiping their names from the daily's mast head.

PDI commotion

PDI commotionFrom Forum KeadilanThe commotion within the Indonesian Democratic Party (PDI) in East Java continues. Sucipto is opposed by Latief Pudjosakti.If the conflict is categorized as an internal affair of the party, then it is the responsibility of the party's central executive board to solve...

Scavenger brutally killed

Scavenger brutally killed JAKARTA (JP): A scavenger who was used to operate at the Cilincing garbage dump in North Jakarta was found dead on Monday night with several stab wounds to his body and head.North Jakarta Chief Police Lt. Col.

Man arrested for murder

Man arrested for murder JAKARTA (JP): North Jakarta police detectives have arrested a man believed to have stabbed a friend who accused the suspect of stealing his glasses.Zaenal Abidin, alias Waras, 21, was picked up Monday morning while trying to get back to his lodging house after hiding for...

Associations to sponsor futures trading bourse

Associations to sponsor futures trading bourse JAKARTA (JP): Two local commodity associations will sponsor the establishment of Indonesia's futures trading bourse, an official said yesterday.Chairman of the Indonesian Commodity Exchange Agency Arifin Lumban Gaol said yesterday that the two are the...

Dialog best way to bridge ethnic gaps

Dialog best way to bridge ethnic gaps JAKARTA (JP): Ethnic divisions in Indonesia, particularly between the Chinese and the indigenous population, should be overcome through dialog rather than rigid policies which only serve to compound rather than harmonize differences, a scholar believes.

Hamami to replace Dibyo as city's new police chief

Hamami to replace Dibyo as city's new police chief JAKARTA (JP): Deputy City Police Chief Brig. Gen. Hamami Nata will become Jakarta's new police chief today, replacing Maj. Gen. Dibyo Widodo, says spokesman Lt. Col. Iman Haryatna.

Ayala forms unit for Asia

Ayala forms unit for Asia MANILA (Reuter): Philippine firm Ayala Land Inc said it has floated a new firm in Singapore for property development projects in Asia in joint venture with the international investment arm of its parent firm, Ayala Corp.

Fans to observe singer's death

Fans to observe singer's death BANDUNG, West Java: Thousands of Nike Ardilla fans will participate in a long march next week to her grave in Imbanagara, Ciamis, West Java, to commemorate the first anniversary of the young singer's death.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Amazing 3:05 Music: Gelar Musik Ensemble 3:30 Science: Science World 4:05 Among Us 4:30 Documentary 5:00 Evening News 5:30 Indonesian Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: East Java 6:15 Village Program 6:45...