Indonesian Political, Business & Finance News

Archive: 26 March 1996

51 articles found

Philippines and Singapore sign forex accord

Philippines and Singapore sign forex accord SINGAPORE (AFP): Singapore and the Philippines signed a repurchase agreement here yesterday enabling them to draw on each other's reserves as part of a regional effort to stabilize the foreign-exchange market.

Hopes for Taiwan-China peace surge after polls

Hopes for Taiwan-China peace surge after polls TAIPEI (Reuter): Hopes for a peaceful new dawn across the Taiwan Strait surged yesterday, with Taipei offering reconciliation and Beijing announcing a full stop to weeks of menacing war games.

Top shuttlers miss Asian C'ships

Top shuttlers miss Asian C'ships JAKARTA (JP): The world's top players are passing over the Asian Badminton Championships this year, making room for a number of participants from countries where badminton is alien.

Evangelicals urge OPM to free hostages

Evangelicals urge OPM to free hostages JAKARTA (JP): The Evangelical Church in Irian Jaya called on separatist Free Papua Movement (OPM) rebels yesterday to free the 11 people, including six Europeans, they have been holding hostage since Jan. 8.

Arms sales to Taiwan

Arms sales to Taiwan This is in response to Mr. Jonathan Power's article titled Why Beijing shouldn't be feared which appeared on page 5 of The Jakarta Post's March 23, 1996 edition.In the article, Mr. Power said, among other things, that "It was a serious mistake for President George Bush to...

Taiwan president's win is strong rebuff to China

Taiwan president's win is strong rebuff to ChinaBy William Kazer TAIPEI (Reuter): Taiwan's president won the mandate he wanted in the island's first presidential election as voters gave a strong rebuff to China, analysts said.

Murder witness retracts testimony to city police

Murder witness retracts testimony to city police JAKARTA (JP): A witness in a murder case retracted his earlier testimony to police during a court hearing held yesterday.Philipus, 47, a security guard at a Catholic church in Pademangan, North Jakarta, (not at a private company as reported earlier)...

Dollar down in Asia but up in Eropa

Dollar down in Asia but up in Eropa TOKYO (AFP): The dollar lost ground against the yen here yesterday on expectations that tensions between Taipei and Beijing would ease after Taiwan's first direct presidential election.Towards the end of trading, the dollar was quoted at 106.

'IHT' libel damages donated to charity

'IHT' libel damages donated to charity SINGAPORE (AFP): Singapore's top three leaders have donated to charity the entire sum of S$950,000 (US$678,000) in libel damages they won from the International Herald Tribune (IHT), the government announced yesterday.

Government satisfied with recent East Timor dialog

Government satisfied with recent East Timor dialog JAKARTA (JP): Foreign Minister Ali Alatas gave a thumbs-up yesterday to the results of the All-Inclusive Intra-East Timor Dialog in Austria."I think the results are quite good," Alatas told journalists.

Taiwan gold demand to fall

Taiwan gold demand to fall TAIPEI (Reuter): Taiwanese overbought gold as tensions with China grew but demand is expected to drop after the island's presidential election, local traders said yesterday."Unless the newly elected President Lee (Teng-hui) says any dramatic words to spark much more...

Local component firms too weak to back Timor car

Local component firms too weak to back Timor car JAKARTA (JP): Without further incentives, PT Timor Putra Nasional, the only car firm to get tax and tariff breaks under the new national car program, will face a serious challenge to meet local content requirements set by the government, an industry...

Expert highlights ABRI declining political influence

Expert highlights ABRI declining political influence JAKARTA (JP): The country's emphasis on economic development and the growing clout of technocrats are both causing a decline of Armed Forces (ABRI) control over policymaking processes, says an expert.Indonesia-watcher Howard M.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Songs 3:05 Children's Program: Taman Bermain; Halal Bi Halal 3:30 Film: Road to Avonlea 4:00 News: Lintasan Berita 4:05 Film: Road to Avonlea (continued) 4:30 Science Film: The Great Day of Century 5:00 Regional News 5:30 English...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 25, 1996: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 875 25 2,500 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,950 50 2,500 Aneka Kimia...

ABRI told to remain impartial

ABRI told to remain impartial JAKARTA (JP): Minister of Defense and Security Gen. (ret) Edi Sudrajat said yesterday that the Armed Forces should work with other sociopolitical forces and not just the ruling Golkar group to help develop the nation.

Fire in North Jakarta

Fire in North Jakarta JAKARTA (JP): An electrical short circuit started a fire which devoured piles of wood, food stalls, a cooperative shop and a rice storehouse on Jl. Gaya Motor Raya in North Jakarta yesterday afternoon.

Different exchange rates

Different exchange rates Being in Subang on Jan. 31, 1996 and seeing a Bank Central Asia branch I decided to change 1,000 Dutch guilders. The money was given to me for a friend's sister, who was ill. Two days later I changed guilders at my BCA branch in Lembang.

Plane wreckage identified

Plane wreckage identified BANDA ACEH, Aceh: Plane wreckage found in jungle in eastern Aceh has been identified as a Piper Astec belonging to the state- owned plantation company PTP-III that crashed thirteen years ago.The "sky van" crashed on Nov.

Lessons in love

Lessons in love When I was in India some time ago, I noticed a scrap of newspaper which a street vendor had used to wrap chick peas in. The headline Expelling God really interested me, so I took a closer look.

PT Daya Mitra selects UK's C&W as new partner

PT Daya Mitra selects UK's C&W as new partner JAKARTA (JP): PT Daya Mitra Malindo, the private joint-venture firm assigned to develop a telecommunications network in Kalimantan, ended an internal dispute with the selection of Britain's Cable & Wireless as its new shareholders, replacing Telekom...

Irresponsible builders

Irresponsible buildersFrom Media IndonesiaSince Jakarta's huge floods on Feb. 10, the inhabitants of the Greenville housing complex in West Jakarta are stressed out everytime it rains. A 15-minute downpour already results in water entering our houses.I have tried to search for the cause.

Three shot dead

Three shot dead JAKARTA (JP): Three hoodlums have been shot dead in separate incidents while trying to escape from the police in North and Central Jakarta.The Tanjung Priok police sub-precinct confirmed the shooting of Yani alias Piyan, 30, on Sunday night near Tanjung Priok railway station.

Authorities reject traders' demands

Authorities reject traders' demands JAKARTA (JP): The authority of Pluit development in North Jakarta has refused to fulfill traders' requests for kiosks on the ground floor of the new Muara Karang market.

Negligence in overpass deaths falls under RI law

Negligence in overpass deaths falls under RI law JAKARTA (JP): Any proof of negligence behind the collapse of the overpass in Grogol which killed three workers and injured 18 others on Friday, will be dealt with under Indonesian law, a high ranking official said.

Anger and uproar follow Bekasi gang rape verdict

Anger and uproar follow Bekasi gang rape verdict JAKARTA (JP): Cries from family members, outbursts of anger from the defendants and public uproar followed the verdict handed down yesterday at the Bekasi district court, where the 11 men charged with gang rape and robbery were sentenced to between...

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.

Pertamina's units merged

Pertamina's units merged JAKARTA (JP): The state-owned oil company Pertamina has merged its two marketing affiliates in Japan -- Far East Oil Trading Company and Japan Indonesia Oil Company -- into a new company called Pacific Petroleum Trading Company, said a minister.

British teacher stabbed in Manila

British teacher stabbed in Manila MANILA (Reuter): A British teacher attending a seminar in the Philippines on nursery education was stabbed with an icepick by a thief, police said yesterday.Jacqueline Louise, 22, from Northumberland was in serious condition in a Manila hospital after the Sunday...

Saudi Arabia asked to open new consulates

Saudi Arabia asked to open new consulates JAKARTA (JP): Indonesia has suggested that Saudi Arabia open consulate general offices in several regions to ease the embassy's burden of processing documents for the annual haj.

Crumbling infrastructure may spark more disasters

Crumbling infrastructure may spark more disastersBy Martin Abbugao MANILA (AFP): A crumbling infrastructure and corruption are likely to spark more tragedies like the discotheque fire last week that killed at least 154 persons, and could weigh down the Philippines' modest economic gains, analysts...

Indonesia offers LSWR

Indonesia offers LSWR TOKYO (Reuter): Indonesia offered about 3.2 million barrels of April-lifting Low Sulphur Waxy Residue (LSWR) to its affiliates, traders said yesterday.The April allocation is about 350,000 barrels smaller than the initial March allotment of 3.55 million barrels, they said.

Hours of happiness

Hours of happiness I am all in favor of "Happy Hour," as advertised by Hotel Kristal (page 2, The Jakarta Post, March 25, 1996, and previously). Happy Hour is actually often a couple of hours, e.g. 5:00 p.m. to 7:00 p.m. -- but nine hours (11.00 a.m. to 8:00 p.m.

Ministry unveils plan to nurture young talent

Ministry unveils plan to nurture young talent CIANJUR, West Java (JP): The Ministry of Youth Affairs and Sports yesterday unveiled a new initiative in its painstaking effort to nurture national talent by setting up branch offices in the country's 27 provinces.

Young businessmen told not to rely on government

Young businessmen told not to rely on government JAKARTA (JP): President Soeharto yesterday told members of the Indonesian Association of Young Business People (Hipmi) to reduce their dependence on government initiatives to gain instant success.

Kodeco expands activities in Irian Jaya

Kodeco expands activities in Irian Jaya JAKARTA (JP): Korea Development Co. Ltd. (Kodeco) has been diversifying its businesses in Irian Jaya from timber into the exploration and development of gold, coal and minerals with an additional investment of up to US$140 million.

Golkar not afraid of independent poll watchdog

Golkar not afraid of independent poll watchdog JAKARTA (JP): Golkar, the ruling political organization and winner of the last five general elections, yesterday defended its stance that the establishment of an independent poll watchdog is unconstitutional.

Misguided sects sprout in C. Java

Misguided sects sprout in C. Java SEMARANG: Highly active misguided sects have become a new headache for local Moslem ulemas.Officials of the local chapter of the Indonesian Ulemas Council (MUI) have been closely watching the activities of several sects that have stirred unrest in some regencies.

Ministry denies banning latest 'Readers' Digest'

Ministry denies banning latest 'Readers' Digest' JAKARTA (JP): The government denied yesterday it had barred local newsstands from selling the latest edition of Reader's Digest, which alleges widespread human rights violations in East Timor.

PT Indosat gears up for ISO certification

PT Indosat gears up for ISO certification JAKARTA (JP): The country's international telecommunications operator PT Indosat has said it is seeking ISO-9002 certification this year, in an effort to become a leading global telecommunications carrier.A company spokesman, J.B.

Australia seeks better trade ties with Malaysia

Australia seeks better trade ties with Malaysia DARWIN (Reuter): Australia pushed yesterday for increased trade with Malaysia in the first meeting between the new conservative government and Malaysian leader Mahathir Mohamad.

Indonesian and Malaysian rubber prices set to rise

Indonesian and Malaysian rubber prices set to rise SINGAPORE (Reuter): Indonesian and Malaysian traders said yesterday rubber prices could rebound this week on hopes that the end of a strike at U.S. auto giant General Motors would spark fresh tire manufacturer buying.

Ficoritas opens gallery

Ficoritas opens gallery JAKARTA (JP): PT Ficor Sekuritas Indonesian (Ficoritas), a member of the Jakarta Stock Exchange (JSX), signed an agreement yesterday with PT Bepede Jateng Sekuritas to strengthen cooperation between the two companies.

Govt revokes Kramatdjati bus license

Govt revokes Kramatdjati bus license JAKARTA (JP): The Director General of Land Transportation yesterday revoked the license of the Kramatdjati bus on which 31 people died in an accident on the Jagorawi toll road on Saturday.J.A.

Mekong River contries differ over water control

Mekong River contries differ over water control HANOI (Reuter): Vietnam, Laos, Cambodia and Thailand have ended a two-day meeting of their Mekong River Commission (MRC) in Hanoi after having failed to agree on sensitive issues, a U.N. official said last Wednesday.

Bekasi rocked by another robbery and gang rape

Bekasi rocked by another robbery and gang rape BEKASI (JP): Bekasi has been rocked by another robbery and gang rape. The latest incident occurred in Lengahjaya village, Cabangbungin district, on Sunday.

Changi cargo handling up

Changi cargo handling up SINGAPORE (AFP): Singapore's Changi Airport last year posted close to a 10 percent annual increase in the volume of air cargo it handled, and is pursuing expansions plans to accommodate future growth, officials said yesterday.

Siemens and PowerGen to invest in Paiton II

Siemens and PowerGen to invest in Paiton II JAKARTA (JP): Siemens Power Ventures GmbH and PowerGen signed the financing documents for the US$1.7 billion Paiton II power plant in London yesterday, Siemens announced recently.

IULA-ASPAC meet in Jakarta

IULA-ASPAC meet in Jakarta JAKARTA (JP): Jakarta Governor Surjadi Soedirdja, in his capacity as president of the International Union of Local Authorities for the Asia-Pacific region (IULA-ASPAC), officially opened the union's executive committee meeting in Kuala Lumpur yesterday.

Youths divided over presidential election

Youths divided over presidential election JAKARTA (JP): Indonesia's next presidential election may not be until 1998, but the debate over whether there should be one or more candidates is already heating up.

Riau workers face weekend toil

Riau workers face weekend toil PEKANBARU, Riau: The provincial government has found working five days a week ineffective and is to reintroduce the six-day week from April 1.The Riau administration had weighed up all the consequences before it decided to refuse the shorter working week, the...