Indonesian Political, Business & Finance News

Archive: 2 March 1996

54 articles found

Church services

Church services * Catholic Church, University of Atmajaya, Jl. Jend. Sudirman: Saturday 5:30 p.m., Sunday, 9 a.m., 10:30 a.m. (with songs) and 5:30 p.m. * First Church of Christ, Scientist, Jl. Teuku Cik Ditiro 48, Menteng, Central Jakarta: Services on Sunday at 9:30 a.m. (in Indonesian) and 8 a.m.

Indonesian gold miners rated

Indonesian gold miners rated PERTH (Reuter): Stockbroker Hartley Poynton Ltd said Newcrest Mining Ltd was its preferred low-risk recommendation among Australian mining companies operating in Indonesia.In a research report, the broker named Gasgoyne Gold Mines NL as its medium-risk recommendation...

Transport for tomorrow

Transport for tomorrow Much has been written on the state of public transportation in Jakarta, though myriad questions remain as to what the administration is really doing to resolve the chronic chaos.The problem is complex.

Indonesia downplays Soeharto-Guterres meeting

Indonesia downplays Soeharto-Guterres meeting BANGKOK (JP): President Soeharto and Portuguese Prime Minister Antonio Guterres met briefly on Thursday night, marking the first time that leaders of the two countries met since diplomatic ties were broken off in 1976 over the East Timor question.

Govt urged to lift duties on telecoms equipment

Govt urged to lift duties on telecoms equipment JAKARTA (JP): Telecommunications executives have urged the government to eliminate import duties on the terminals of radio paging, satellite-based and radio trunking telecoms services to increase the use of such equipment.

Logam Sari Bearindo to triple production

Logam Sari Bearindo to triple production JAKARTA (JP): PT Logam Sari Bearindo, a producer of vehicle bearings, will invest an additional Rp 15 billion (US$6.5 million) to triple its production capacity to 30 million, the company's president, Agus G. Kartasasmita said yesterday.

Most Asian stock exchanges trading higher

Most Asian stock exchanges trading higher HONG KONG (Reuter): Tokyo stocks benefited yesterday from an economic report that eased fears of an imminent interest rate rise and most other Asian bourses also ended higher.Only Singapore was down while Bangkok and Seoul were closed for holidays.

Officials silent on Oki's dossier

Officials silent on Oki's dossier JAKARTA (JP): Officials at the Jakarta Provincial Prosecutors' Office kept their cards close to their chests yesterday over the dossier of Oki, who is accused of committing three murders in Los Angeles.

S'pore oil products market gets mixed response from fuel oil rise

S'pore oil products market gets mixed response from fuel oil rise SINGAPORE (Reuter): Singapore oil products market were mixed with fuel oil continuing to rise, while gas oil recovering later in the day after recent falls, traders said yesterday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March, 1, 1996: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 800 -25 1,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 2,100 100 33,500 Aneka...

Wrong economic data causes city's traffic congestion

Wrong economic data causes city's traffic congestion JAKARTA (JP): Faulty forecasting of economic and population growth in Greater Jakarta has resulted in worsening traffic problems, an official says.The vice chairman of Jakarta, Bogor, Tangerang and Bekasi Development Cooperation Board, Andjat D.

Tattooed corpse found in Ciputat

Tattooed corpse found in Ciputat JAKARTA (JP): An unidentified bare-chested man was found dead yesterday in Ciputat, South Jakarta, with three gunshot wounds and several bruises on his abdomen and head.

Hundreds ill during exodus

Hundreds ill during exodus BANDAR LAMPUNG, Lampung: A total of 444 passengers of ferries crossing through the Bakauheni port, South Lampung, from Java to Sumatra or vice versa, during the recent Idul Fitri exodus suffered from various ailments and sought medical help at the port's clinic.

Bangkok summit finds synergy

Bangkok summit finds synergyBy Riyadi and Meidyatama Suryodiningrat BANGKOK (JP): Leaders from 25 Asian and European countries began their historic summit yesterday finding that differences remain between the two continents but that there was great potential for synergy on many issues.

Women's cinema: Who is imaged most of all?

Women's cinema: Who is imaged most of all?By Jane Freebury JAKARTA (JP): The first women's film festival was mounted in 1972 in Edinburgh, Scotland. Big films with broad appeal romped across the screen, playfully engaging even the most sober-minded viewer.

Giant statue project halted

Giant statue project halted DILI, East Timor: The construction of a 25-ton statue called Kristus Raja (Christ the King) in Fatukama Bay has been halted due to a shortage of funds, Antara reported.The project, which began in 1994, was expected to be completed in time for the commemoration of the...

Indonesian archery team misses Asian target

Indonesian archery team misses Asian target JAKARTA (JP): Indonesia left the IX Asian Archery Championships in Bangkok empty-handed on Thursday, but kept its Olympic hopes alive.The national men's trio of Hendra Setijawan, Syafrudin Mawi and Ditto Rembran had their dreams of making an Olympic debut...

Military's election promise applauded

Military's election promise applauded SEMARANG (JP): A politician and an intellectual yesterday welcomed the military's promise to look into allegations of riggings at the next general election and to rectify them.The promise, made by Armed Forces (ABRI) Chief of Sociopolitical Affairs Lt. Gen.

Reactor reaction

Reactor reaction Norman Rubin's letter on Feb. 19, 1996, Indonesia: Nuclear reactor accuses me of making statements publicly in Indonesia which "no one would dare make in Canada." Not so. I stand behind every word in my letter, here or in Toronto.

Myanmar wrestles with high inflation

Myanmar wrestles with high inflationBy Aung Hla Tun YANGON (Reuter): Rocketing prices of essentials such as rice and cooking oil have sent inflation soaring in recent months, ringing alarm bells in impoverished Myanmar.

Ministry to look into PPD drivers' complaints

Ministry to look into PPD drivers' complaints JAKARTA (JP): The Ministry of Manpower has instructed its local office to look into complaints by state-run PPD bus company workers -- mostly drivers -- about poor working conditions, the ministry's director for labor standards said recently.

Rubber prices may plunge this month

Rubber prices may plunge this month SINGAPORE (Reuter): Rubber prices, now buoyed by seasonal factors, could move lower in coming weeks as the market lacks strong fundamental support, delegates at an industry meeting said yesterday.

Radio broadcast

Radio broadcastFrom NERACAI would like to thank Radio Republic of Indonesia (RRI) for its coverage of the exodus of people from Jakarta during Idul Fitri. I was on the road to my home town Gunung Kidul, Yogyakarta.

Fire guts university library

Fire guts university library JAKARTA (JP): Hundreds of thousands of books and reports of scientific researches were lost when fire gutted Udayana University's library in Denpasar, Bali, yesterday afternoon.The Antara news agency reported that only smoking debris was left of the two-story building.

Truck driver killed

Truck driver killed JAKARTA (JP): A truck driver was found dead yesterday with two stab wounds in the stomach in front of a rice stall in Ciracas, East Jakarta.The chief detective of the Ciracas police, Second Lt.

No epidemic in Wamena: Minister

No epidemic in Wamena: Minister JAKARTA (JP): Minister of Health Sujudi yesterday denied media reports that an outbreak of upper respiratory disease has killed 177 people in two districts in Wamena, Irian Jaya.

UN to host meeting on how to save global rubber pact

UN to host meeting on how to save global rubber pact KUALA LUMPUR (AFP): A United Nations body is to host a meeting of rubber producers and consumers in Geneva on March 28 to salvage a new global price pact now in limbo for want of consumer support, officials said yesterday.

PSSI to hire foreign technical director

PSSI to hire foreign technical director JAKARTA (JP): The Indonesian Soccer Association will hire a foreign technical director to improve the technical skills of national coaches, the association's secretary-general Nugraha Besoes told reporters yesterday.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Ninja Turtles 3:00 News: Lintasan Berita 3:05 Sports 4:00 News: Lintasan Berita 4:05 Sports (Continued) 5:00 Evening News 5:25 Travel: My Country 5:30 Science Film 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: North Sumatra...

17 extra levies may be removed

17 extra levies may be removed JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah said yesterday that at least 17 levies within his ministry may be removed as part of the government's campaign to eliminate excessive levies imposed on businesses.

When Javanese gamelan meets jazz

When Javanese gamelan meets jazzBy Gus Kairupan JAKARTA (JP): A gamelan ensemble of more than 20 pieces, a saxophonist-cum-clarinetist and an electric guitarist...would it work? Well, everything, they say, is in the eye of the beholder, or, in this case, the ear of the listener, and judging from...

N. Jakarta road's first phase completed

N. Jakarta road's first phase completed JAKARTA (JP): The first phase of a nine-kilometer road linking Cakung and Cilincing in North Jakarta has been completed.Construction of the remaining four kilometers is scheduled to be completed in October.

Alcatel wins Telkom deal

Alcatel wins Telkom deal PARIS (Reuter): Alcatel Alsthom said that the AMEN Consortium, lead by its Alcatel Telecom unit, had been awarded a US$20 million microwave transmission contract by the Indonesian carrier Telkom.

Derogatory remarks

Derogatory remarks "Indonesians do not have the ethics, attitude nor the sensitivity to go nuclear...." Reading this letter from Mrs. Conny Gafar, On nuclear plant (Feb. 26, 1996), I wondered whether I was dreaming I was reading a 100-year-old newspaper from colonial times.

Fire razes 40 houses in North Jakarta

Fire razes 40 houses in North Jakarta JAKARTA (JP): "Pak, let's go home, pak," two-year-old Nur Sofiah pleads to her father."Where to? Our house is gone, dear," he replies.But the pleas continued. So to silence her Sururi finally took his daughter back to her house.

Fire destroys properties

Fire destroys properties BANDUNG, West Java: Fire gutted three houses and a storehouse containing wooden furniture in Maleber, Andir district, on Thursday morning, Antara reported.Supriya, the proprietor of a furniture shop and the storehouse, said the fire was first noticed at about 4 a.m.

Local TV needs local heroes

Local TV needs local heroesFrom NeracaThe globalization of information by our television stations seems to have made us forget to take care of our children's education.I am deeply concerned about imported TV shows that depict the heroism of imaginary characters like Power Rangers, Jiban and...

Two women found dead

Two women found dead JAKARTA (JP): The Cipto Mangunkusumo general hospital has admitted the bodies of two women believed to have committed suicide in two separate places.Yuliani Bandarlina, 43, was found dead by a friend at her rented house on Jl. Kali Pasir in Central Jakarta.

Asia and Europe rediscover each other at ASEM

Asia and Europe rediscover each other at ASEMBy Meidyatama Suryodiningrat BANGKOK (JP): Asia and Europe began a process of rediscovering one another yesterday as 25 leaders from the two regions gathered for a historic two-day summit."We are assembled here with one common purpose.

Troops involved in Medan brawl to be punished

Troops involved in Medan brawl to be punished JAKARTA (JP): The Bukit Barisan Military Command promised yesterday that it will punish the soldiers who took part in a series of violent attacks against residents in the Kwala Berkala subdistrict this past week.

ASEM proposes investment action plan

ASEM proposes investment action plan BANGKOK (JP): The chairman of the Asia-Europe Meeting (ASEM), Thai Prime Minister Barnhan Silpa-archa, proposed that both sides draw up an investment action plan to promote greater bilateral investment.

China and Taiwan

China and Taiwan It is good that Taiwan and China are trying to settle their differences by exchanging letters through The Jakarta Post. China suspects that Taiwan's assertiveness -- by electing a president by the ballot box -- is a step toward independence.

Timorese leaders hail Soeharto-Guterres meet

Timorese leaders hail Soeharto-Guterres meet JAKARTA (JP): Two senior East Timorese politicians yesterday welcomed the meeting between President Soeharto and Portuguese Prime Minister Antonio Guterres, saying that the event raised hopes for a diplomatic solution to the East Timor question.F.X.

Branta Mulia's $35m loan

Branta Mulia's $35m loan HONG KONG (Reuter): PT Branta Mulia Teijin Indonesia has mandated Societe Generale Asia and Sumitomo Bank to arrange a US$35 million term loan facility, the arrangers said.The facility carries a maturity of seven years and repayment will be by nine semi-annual equal...

Irian rebels split over hostages' release

Irian rebels split over hostages' release JAKARTA (JP): A rift among rebel separatists in Indonesia's eastern province of Irian Jaya is the reason why the 12 hostages kidnapped almost eight weeks ago have not been freed, a source close to the rescue operation said yesterday.

Public hearings need to be taken seriously

Public hearings need to be taken seriously A two-day public hearing on forest management starts in Jakarta today. Arief Budiman takes a close look at this unprecedented event. SALATIGA, Central Java (JP): Former environment and population minister Emil Salim said over the weekend that a public...

Burglars steal Rp 70m from PT Ajinomoto

Burglars steal Rp 70m from PT Ajinomoto JAKARTA (JP): Six robbers yesterday broke into the office of PT Ajinomoto Indonesia, a joint-venture firm located in North Jakarta, making off with around Rp 70 million in cash.

Loan and interest payments above budget

Loan and interest payments above budget JAKARTA (JP): Loan and interest payments during the current fiscal year ending in March are estimated to reach Rp 21.43 trillion (US$9.37 billion) or 17.7 percent more than the budgeted total of Rp 18.

Five RI boxers qualify for Olympic Games

Five RI boxers qualify for Olympic Games JAKARTA (JP): Indonesia's Pino Bahari and Hermensen Ballo did it their own way at the Asia Olympic qualifying tournament in Bangkok on Thursday.Middleweight Pino fought tooth and nail before outscoring home favorite Buncha Malison to grab an Olympic berth.

Government to establish juvenile court

Government to establish juvenile court JAKARTA (JP): The government yesterday initiated moves towards establishing a juvenile court, a long awaited move because child delinquents at present are being tried in district courts.

Worker dies from hot steam burns

Worker dies from hot steam burns JAKARTA (JP): An employee of a private steel company located in Pulogadung, East Jakarta, died on Thursday evening after three weeks of treatment for severe burns at the Cipto Mangunkusumo general hospital.

Quakes shake Dieng fumarole

Quakes shake Dieng fumarole BANJARNEGARA, Central Java: Sixty-two quakes have for the past two months jolted Dieng Plateau, Banjarnegara regency, Antara reported.Spokesman of the Banjarnegara administration, Setiawan, said it is time for the local people to be on the alert over the possible...

Eliminating corruption

Eliminating corruptionFrom NeracaI am relieved to hear the good news that levies imposed on traders will be abolished.This will enable traders to pay their workers better and improve their Idul Fitri bonus.I look forward to the immediate implementation of the regulation.

Golden Hope's palm deal

Golden Hope's palm deal KUALA LUMPUR (Reuter): Golden Hope Plantations Bhd said it plans to spend 600 million ringgit to turn about 72,000 hectares (177,916 acres) of agricultural land in west Kalimantan, Indonesia, into oil palm plantations.