Indonesian Political, Business & Finance News

Archive: 22 March 1996

42 articles found

IBF boss watches boxing matches

IBF boss watches boxing matches JAKARTA (JP): President of the International Boxing Federation (IBF), Robert Lee, will witness two world championship matches in Denpasar on Sunday and two in Surabaya on Monday.

Mulia's right shares

Mulia's right shares JAKARTA (JP): PT Mulia Industrindo, a publicly-listed manufacturer of ceramic and glass products, plans to issue two right shares priced at Rp 2,700 (US$1,10) each for every five old shares in May.The company announced on Wednesday that 34.

Indian chamber opens office

Indian chamber opens office JAKARTA (JP): The Federation of the Indian Chamber of Commerce and Industry (FICCI) has opened a branch office here to provide information about the businesses of 66,000 Indian companies through an online single-window business network, Bisnet.

Municipality to increase low-cost apartment rentals

Municipality to increase low-cost apartment rentals JAKARTA (JP): The city administration plans to increase the daily rentals of its low-cost apartments, an official says.The deputy governor for economic and development affairs, TB. M.

Jakarta to battle KL on palm oil exports

Jakarta to battle KL on palm oil exports LONDON (Reuter): Indonesia looks set to challenge Malaysia once again for palm oil exports during coming months, traders said.Indonesian exports slowed during March as higher export taxes forced local players to take a back seat after a successful February...

Disco fire death toll likely to rise

Disco fire death toll likely to rise MANILA (Reuter): The death toll from a Manila disco fire is likely to rise as the Philippines launched a crackdown against nightclubs with inadequate fire exits, officials said yesterday.

Toward sustainable business

Toward sustainable businessBy Adam Yazid JAKARTA (JP): A textile mill in Tangerang, west of here, suffered heavy losses a few days prior to the Idul Fitri holidays last month.Some 1,000 workers, mostly women, went berserk upon learning that their holiday allowances fell short of the amount...

S'pore and RP to sign money pact

S'pore and RP to sign money pact SINGAPORE (Reuter): Singapore and the Philippines will sign a currency repurchase agreement on Monday as part of efforts to maintain stability in their foreign exchange markets, the Monetary Authority of Singapore (MAS) said.

Hindus call for more temples in Jakarta

Hindus call for more temples in Jakarta JAKARTA (JP): A dearth of temples is depriving the Hindu community in Jakarta of their traditional social and religious activities, according to the vice-director of the High Institute of Hindu.

What's wrong in Irian Jaya?

What's wrong in Irian Jaya? It has often been said that the steady economic growth we have been enjoying for the past 25 years does not necessarily mean an end to the host of problems this nation is facing as it develops.

Asian rice prices slip under harvest pressure

Asian rice prices slip under harvest pressure SINGAPORE (Reuter): Asian rice prices are slipping due to harvest pressure from increased supply and expected Indonesian re-exports, causing buyers to sit back and wait for further falls, traders said yesterday.

Observers decry state domination of siciety

Observers decry state domination of siciety JAKARTA (JP): Political observers have expressed concern over the wide gaps between social groups brought about by national development. They have blamed the differences in wealth, among other things, on the state's dominant role in political decision...

Three quizzed over Bekasi gang rape

Three quizzed over Bekasi gang rape JAKARTA (JP): Three men are being interrogated by the Bekasi police for their alleged roles in Tuesday's robbery and gang rape in Kampung Kemurang in the village of Cikedokan."Two of their accomplices are still at large," Bekasi Police Chief Lt. Col.

Students oppose PDI rival board

Students oppose PDI rival board SEMARANG, Central Java: Over 50 students from various universities here yesterday staged a demonstration in front of the Legislative Assembly building demanding the authorities take action against those who established a rival board within the Indonesian Democratic...

Women's archery team to Slovenia

Women's archery team to Slovenia JAKARTA (JP): Slovenia, a leading European archery country, has been named as the final stop for Indonesian women archers before the Olympic Games in July.Nurfitriyana Lantang, Rosiana Glanteh and Dahliana, who have been named the country's Olympic archery team will...

RI prepares ARF membership criteria

RI prepares ARF membership criteria JAKARTA (JP): Indonesia is preparing a set of guidelines which will become the criteria for new membership in the ASEAN Regional Forum (ARF) which is set to meet here in July, Minister of Foreign Affairs Ali Alatas said.

Feisal to head haj delegation

Feisal to head haj delegation JAKARTA (JP): President Soeharto has appointed Armed Forces Chief Gen. Feisal Tanjung leader to some 194,000 Indonesians taking part in the haj pilgrimage to Saudi Arabia this year.Maj. Gen.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Amazing 3:00 News: Lintasan Berita 3:05 Science Film: Athens Greece 3:30 Children Quiz: Cerdas Cermat 4:00 News: Lintasan Berita 4:05 Culture: Pelangi Budaya 4:30 Live: Pemilihan Peneliti Muda Indonesia 5:00 Evening News 5:25 Travel: My...

20 top insurance firms to be rated

20 top insurance firms to be rated JAKARTA (JP): The government plans to rate 20 of the best known life and risk insurance companies in the country to encourage better competition among insurance firms, an official said.

Travel info on Internet

Travel info on Internet JAKARTA (JP): The Association of Indonesian Travel Agencies (Asita) will provide information on the country's tourist and travel businesses through an Internet service.A member of Asitanet, the organizing committee for the planned project, Syarman Syarif, told The Jakarta...

North Sulawesi goes on to PON

North Sulawesi goes on to PON JAKARTA (JP): North Sulawesi and Jakarta took their berths for the upcoming National Games, to be held in September, after defeating their opponents in the bridge national qualifying round on Wednesday evening.

Romana's Cup participation unclear

Romana's Cup participation unclear JAKARTA (JP): Romana Tedjakusuma's indecision whether to join the Federation Cup squad early next month has put the Indonesian Tennis Association (Pelti) selectors in a quandary.

Irian to have athletic school

Irian to have athletic school JAYAPURA, Irian Jaya: The government is to establish three schools for sportingly gifted children in the next few years, Antara reported yesterday.One of the schools will be built in Western Indonesia, another in Central Indonesia, and the third in the eastern part of...

Navy to intensify war against smuggling

Navy to intensify war against smuggling JAKARTA (JP): The Navy is gearing up to combat widespread piracy, smuggling, poaching and pollution in the busy Malacca Strait.Navy Chief Vice Admiral Arief Kushariadi asked the Navy's new Western Fleet Commander Rear Admiral Achmad Sutjipto on Wednesday to...

C&W, Telekom Malaysia duel for RI firm stakes

C&W, Telekom Malaysia duel for RI firm stakes JAKARTA (JP): PT Daya Mitra Malindo, a consortium which won a contract to operate telecommunications facilities in Kalimantan, remains in trouble in spite of the plan of Cable & Wires (C&W) of Britain to replace Telekom Malaysia Bhd. as a shareholder.

Belated telegrams

Belated telegramsFrom NeracaIn January 1996 I sent a telegram to my parents in Tanjung Pandan in southern Sumatra. The telegram was addressed to Pelataran Timah A. 18, Damar. Surprisingly the telegram took four days to arrive, which was useless.

Jayapura back to normal after recent riots

Jayapura back to normal after recent riots JAKARTA (JP): Calm returned yesterday to Irian Jaya capital of Jayapura after it was rocked by riots on Monday and a smaller- scale disturbance on Wednesday, officials and residents said."Activities have resumed and things are normal again.

Emirates to meet here

Emirates to meet here JAKARTA (JP): Emirates, the flag carrier of the United Arab Emirates, announced here yesterday it will hold its three-day annual regional conference in Jakarta starting today.The airline said in a statement that senior managers from its Dubai headquarters and managers from 13...

Murderers arrested

Murderers arrested JAKARTA (JP): Two men believed to have murdered a servant before robbing a lawyer's house in Cileduk, Tangerang, of electronics have been arrested.Police sources said yesterday that Jayadi and Raya were picked up at their hideout in Cirebon, West Java, on Wednesday.

City detains newcomers

City detains newcomers JAKARTA (JP): Some 230 people were caught early Wednesday morning for failing to show their identification cards."Most of the netted people were found in boarding houses before they left for work," Hasdir Irvan, a source at the Central Jakarta Administration told The Jakarta...

Ecolabeling agency needs appraisal firms

Ecolabeling agency needs appraisal firms JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo says it is time the Indonesian Ecolabeling Foundation (LEI) set up appraisal companies to assess and determine the environmental sustainability of forests.

E. Timor talks relaxed but inconclusive Austria

E. Timor talks relaxed but inconclusive AustriaBy Aboeprijadi Santoso STADT-SCHLAINING, Austria (JP): The second round of talks between groups of East Timorese on opposite sides of the integration issue concluded today at Schlaining castle, some 200 kilometers from Vienna.

Pertamina finds gas

Pertamina finds gas JAKARTA (JP): The state-owned oil company Pertamina and its partner Saga Petroleum Indonesia Jambi have discovered natural gas and condensate at the Pulau Gading-1 (PGD) well, roughly 75 km southeast of Jambi, the capital of Jambi province.

Poll watchdog fears groundless

Poll watchdog fears groundless A number of people set up an Independent Election Monitoring Committee this month with an eye to next year's election. Political scientist Riswandha Imawan argues that the apprehension expressed by some parties is unfounded.

Contract bribes

Contract bribes JAKARTA (JP): Governor Surjadi Soedirdja told members of the team that screens contractors and suppliers not to demand bribes."Improve services, don't ask them for anything illegally," he said.

Predicting next VP

Predicting next VP In the Merdeka of March 11, 1996, I read a very interesting prediction by a noted Australian military observer, Mr. Harold Crouch, about the next vice president of Indonesia.Mr. Crouch predicted that the present Army chief, Gen.

RI seeks standby loan

RI seeks standby loan HONG KONG (Reuter): The Republic of Indonesia, acting by and through the Bank of Indonesia, has mandated six banks to arrange an eight-year US$500 million syndicated standby facility.The coordinating arrangers are Chase Manhattan (S.E.A.

House Speaker Wahono urges ABRI to retain unifying role

House Speaker Wahono urges ABRI to retain unifying role JAKARTA (JP): The Armed Forces should retain its unifying role when political tension is heightening, Speaker of the House of Representatives Wahono said on Wednesday.

Hasjim eyes Uzbekistan cotton-spinning plant

Hasjim eyes Uzbekistan cotton-spinning plant JAKARTA (JP): Businessman Hasjim Djojohadikusumo, through his company PT Prima Komexindo, plans to build a cotton-spinning factory in Uzbekistan with an investment of almost US$30 million.

Account deficit worries House

Account deficit worries House JAKARTA (JP): The House of Representatives again expressed its concern over the deepening of the country's current account deficit, which it described as a structural problem of Indonesia's economy which will remain a problem for years to come.

Tourists flock to dragons' lair

Tourists flock to dragons' lair KUPANG, East Nusa Tenggara: The number of tourists visiting the island of Komodo increased by about 10 percent last year.Paul Boleng, the head of the local tourism promotion agency, said on Wednesday that in 1995 over 24,000 tourists visited the island, home to the...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 20, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 875 -25 16,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,975 0 0 Aneka...