Indonesian Political, Business & Finance News

Archive: 5 March 1996

49 articles found

Turning IKIPs to universities (2)

Turning IKIPs to universities (2) This is the second of two articles exploring the increasingly frequent mutation of teacher training institutes into universities.By Mochtar Buchori JAKARTA (JP): Now that most teacher training institutes (IKIP) seem determined to convert themselves into...

Manila eyes reserves of $10.581b

Manila eyes reserves of $10.581b MANILA (Reuter): The Central Bank of the Philippines is targeting gross international reserves of US$10.581 billion by the end of the year, Central Bank data released on Monday showed.The level, equivalent to 3.

CASH anxious over deal with Barito

CASH anxious over deal with Barito KUALA LUMPUR (AFP): Malaysia's Construction and Supplies House Bhd. (CASH) will decide within a week or two whether to submit fresh proposals to authorities here for a timber alliance with Indonesia's PT Barito Pacific Timber, company officials said.

Corpse found in bathroom

Corpse found in bathroom JAKARTA (JP): The corpse of a man, identified as Kopral, was found dead on Saturday morning in a bathroom at Pulo Gadung market, East Jakarta.A man wanting to use the facility discovered the body on the bathroom floor.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 4, 1996: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 800 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 2,100 0 44,500 Aneka Kimia Raya...

Public telephone maintenance

Public telephone maintenanceFrom NeracaIn response to Supriyatna's letter in the Feb. 27 edition of Neraca concerning public telephones, we have the following comments:* We checked two telephones at the police post near the UKI hospital in Cawang, South Jakarta, on Feb. 2 and Feb. 22, 1996.

Beauties meet Governor Surjadi

Beauties meet Governor Surjadi JAKARTA (JP): Governor Surjadi Soedirdja received 31 finalists of a beauty contest at his residence on Jl. Taman Suropati, Central Jakarta on Sunday.The visit was a courtesy call. The women were previously received by Minister/State Secretary Moerdiono.

Forward currency market booms in S'pore

Forward currency market booms in S'pore SINGAPORE (Reuter): Burgeoning interest in Southeast Asia's high-yield currencies and heavy capital and investment flows into the region will boost Singapore's forward currency markets this year, dealers said yesterday.

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.

Government urged to manage haj better

Government urged to manage haj better JAKARTA (JP): The Indonesian Haj Brotherhood called on the government yesterday to manage the dispatch of nearly 200,000 Indonesians on haj pilgrimage to Saudi Arabia more efficiently."The journey to Mecca is a spiritual thing.

Barren land grows by 200,000 ha a year

Barren land grows by 200,000 ha a year JAKARTA (JP): Unproductive land, which mostly consists of soil unfit for agriculture, conservation or water catchment purposes, has been blamed for the floods which occur in the country every year.

Soeharto opens world-class lube oil recycling plant

Soeharto opens world-class lube oil recycling plant JAKARTA (JP): President Soeharto inaugurated yesterday what is billed as the world's most modern and efficient lubricating oil recycling plant in Bekasi, West Java, which uses the Pennzoil technology process from the United States.

Defendants in Bekasi rape case plead not guilty

Defendants in Bekasi rape case plead not guilty JAKARTA (JP): Eleven men charged with the robbery and rape of Acan's wife and teenage daughters in Bekasi last July asked the court to acquit them yesterday.

Discussion on women's issues

Discussion on women's issues JAKARTA (JP): The United Nations Information Center is organizing a discussion on women's issues on Friday in observance of International Women's Day.The discussion, titled What Next After the Fourth World Conference on Women in Beijing? will feature feminist lawyer...

Indonesia and Australia need each other: Soeharto

Indonesia and Australia need each other: Soeharto JAKARTA (JP): President Soeharto expects Wirjono Sastrowardojo, Indonesia's ambassador-designate for Canberra, to keep up strong relations with Australia under the new conservative government of Prime Minister John Howard.

Council eases criteria for Olympics

Council eases criteria for Olympics JAKARTA (JP): The National Sports Council will ease the selection system for the Atlanta Olympics Games by allowing athletes with prospects of breaking Southeast Asian Games records to go to the world's biggest sporting meet.

Levies rampant in provinces

Levies rampant in provinces JAKARTA (JP): If you want to do business in East Java, be prepared to pay 22 different levies. If you plan to enter the lucrative forestry industry, it is 32 levies and in the sugar industry the number is 14.These are just the official levies.

Six missing in sea accident

Six missing in sea accident PONTIANAK, West Kalimantan: Six people were missing after a speedboat carrying 19 passengers sank in the Bilik straits over the weekend.Hamimzar Yahya, spokesman for the local administration, said the accident might have been caused by strong winds and rising waves...

PT Argo Pantes's loan

PT Argo Pantes's loan HONG KONG (Reuter): Indonesia textile manufacturer PT Argo Pantes has mandated Sumitomo Bank to arrange a US$50 million three-year term loan facility, the arranger said.Proceeds of the loan will be used to refinance existing loans.

LPG tank

LPG tankFrom KompasLPG gas sellers came to our house and insisted on replacing our steel gas cylinder with an aluminum one, saying that it is a requirement of Pertamina, the state-owned oil company.As a loyal citizen I rendered the steel cylinder, albeit reluctantly because it cost me Rp 175,000 to...

Litter at prayer time

Litter at prayer timeFrom RepublikaEvery time I do Ied prayers in Jakarta I always notice that people leave their newspapers, which they use as mats, all over the ground.I would like to suggest that people use plastic mats and take them back home.

Nippon Electric builds RI plant

Nippon Electric builds RI plant CIKARANG, West Java (JP): PT Nippon Electric Glass Indonesia will invest US$300 million in a plant which will produce five million cathode-ray tubes here, the company's president, Masao Yamahashi, said yesterday.

ADB to meet on EAGA

ADB to meet on EAGA MANILA (UPI): The Asian Development Bank yesterday announced it would sponsor a conference in Manila aimed at finalizing a year-long study on the potentials of the Brunei-Indonesia- Malaysia-Philippines East Asean Growth Area (EAGA).

No arrests made in police raids on two discotheques

No arrests made in police raids on two discotheques JAKARTA (JP): The West Jakarta police have released all of the nightclubbers who were caught in a special crackdown on "Ecstasy" users and traffickers at two discotheques on Saturday night.

AMN gets new governor

AMN gets new governor MAGELANG, Central Java: The new governor of the National Military Academy (AMN), Maj. Gen. Ilyas Yusuf was installed yesterday by Army chief of staff Gen. Hartono. He replaces Maj. Gen. Purwantono, who has been appointed General Commander of the Armed Forces Academy.

State agency may intervene in debt-ridden Dayak Besar

State agency may intervene in debt-ridden Dayak Besar JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo affirmed yesterday that PT Dayak Besar Group's debt-burdened timber companies must settle their debts themselves if no new investor is interested in taking over those firms.

Duty free shop

Duty free shop I don't know what sparked Melody Kemp to write her very interesting letter (Outrageous prices, The Jakarta Post, March 2, 1996). I should like to reinforce her statements.Before Christmas, I went to shop, as has been my work, at the Duty Free Shop on Jl. Lt. Jen. Haryono.

200 RI firms to tap offshore debt market

200 RI firms to tap offshore debt market JAKARTA (JP): Approximately 200 Indonesian companies will, for the first time, raise funds from offshore debt markets this year, according to Peregrine Fixed Income Limited (PFIL) of Hong Kong.

Indonesia routs India 7-1

Indonesia routs India 7-1 JAKARTA (JP): Indonesia increased its chances of qualifying for the Asian Championship Finals after thrashing India 7-1 in their group elimination match in Kuala Lumpur yesterday.

Mitsui's resin venture

Mitsui's resin venture TOKYO (Reuter): Mitsui Toatsu Chemicals Inc. said yesterday it would set up a joint venture in May with an Indonesian firm in Indonesia to produce resin pre-mix, a raw material used to make polyurethane.The new company, named P.T.

Roads badly damaged in Ciputat

Roads badly damaged in Ciputat JAKARTA (JP): Damaged roads in the Ciputat district of Tangerang, some 30 km west of the city, are causing major traffic problems and must be repaired soon, residents said yesterday.One of the worst off is busy Jl. Dewi Sartika.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Songs 3:05 TV Drama: Kampung Halaman 3:30 Film: Road to Avonlea 4:00 News: Lintasan Berita 4:05 Film: Road to Avonlea (continued) 4:30 Technology: TELKOM 5:00 Regional News 5:30 English Lessons: Your Letters 6:05 Nusantara, the Beloved...

Papanggo people seek higher compensation

Papanggo people seek higher compensation JAKARTA (JP): Riverbank residents in the Papanggo subdistrict in North Jakarta filed a complaint with the city council yesterday over the small amount of compensation the mayoralty offered them for their houses which are scheduled to be demolished.

Participants in forestry hearing agree to disagree

Participants in forestry hearing agree to disagree JAKARTA (JP): Forest people, timber companies, environmental organizations and government officials from Asia attacked one another in an unprecedented public hearing yesterday.

Experts see need for hi-tech teaching facilities

Experts see need for hi-tech teaching facilities UJUNGPANDANG (JP): The lack of basic schooling opportunities in many regions in Indonesia should not negate the increasing demands in urban areas for high-tech education facilities, such as the Internet or multimedia computers, according to experts.

Malaysia fears RI palm competition

Malaysia fears RI palm competition KUALA LUMPUR (Reuter): Malaysia's palm oil refining industry, languishing in the face of poor margins and Indonesian competition, is set to see more shake ups without support from domestic suppliers, officials warned on Monday.

Fishing boats not seaworthy

Fishing boats not seaworthy BENGKULU, Bengkulu: Around 50 percent of the 70 fishing boats operating off Bengkulu are not seaworthy for a variety of reasons.The head of the Bengkulu port office Fikri Ali said yesterday that the condition of the old boats is bad and they are not furnished with safety...

10-km jam at Bakauheni port

10-km jam at Bakauheni port BAKAUHENI, Lampung: A 10-km traffic jam at Bakauheni port blocked the ferry crossing between Sumatra and Java yesterday.Thousands of vehicles, mainly trucks, had to wait for days to get the ferry across the Sunda strait to reach Merak, at the west end of Java.

Singing fisherman robbed and killed

Singing fisherman robbed and killed JAKARTA (JP): A 16-year-old fisherman was killed over the weekend by three men in Kalibaru, North Jakarta.Ordhi was singing on the streets for extra income Saturday night when three men robbed him of his guitar, but not the Rp 9,000 Rp in cash he had on him,...

Trained elephants in poor condition

Trained elephants in poor condition MESUJI, Lampung: The lives of two domesticated elephants, which have been trained to plough rice fields, are in danger because of poor care by farmers.Both elephants have been used in a pilot project, in Brabasan village, Perwakilan Tajungraya district, in...

Security officer arrested for murder

Security officer arrested for murder JAKARTA (JP): Ciracas detectives in East Jakarta have arrested a security officer for allegedly killing a truck driver, who was found dead with three stab wounds to his stomach and back in front of a rice stall in the area on Friday.Jakarta Police Spokesman Lt.

Satelindo to receive $41.5m from Jasindo

Satelindo to receive $41.5m from Jasindo JAKARTA (JP): PT Satelindo will receive a total of US$41.5 million from PT Asuransi Jasa Indonesia (Jasindo), the state insurance company, in compensation for the malfunctioning of four of the Palapa-C1's 34 transponders.

Defense minister rejects impartial poll watchdog

Defense minister rejects impartial poll watchdog JAKARTA (JP): Minister of Defense and Security Edi Sudradjat has rejected calls to establish independent election watchdogs and to abolish the antisubversion law.

Teachers' uneven distribution cripples system

Teachers' uneven distribution cripples systemBy Santi W.E. Soekanto UJUNGPANDANG, South Sulawesi (JP): The uneven distribution of teachers in the country, one cause of poor education in the remote areas, emerged as the central issue on the first day of the third national conference on education.

KL opposes expansion of ASEAN members

KL opposes expansion of ASEAN members KUALA LUMPUR (AFP): Malaysia yesterday objected categorically to proposals by certain counterparts in ASEAN to expand membership to non-Southeast Asian nations, asserting that ASEAN's identity should be preserved.

Anwar Sierad acquires Hartz Restaurant

Anwar Sierad acquires Hartz Restaurant JAKARTA (JP): PT Anwar Sierad Group has acquired a 51 percent equity stake in Hartz Restaurant Inc. for US$3 million with an option to increase its ownership up to 70 percent, the company announced yesterday."Hartz Restaurant Inc.

GSM operators prepare massive network expansion

GSM operators prepare massive network expansion JAKARTA (JP): The country's three telecommunications operators of the Global System for Mobile Communications (GSM) have planed major projects to further expand their services in various provinces.

Sand quarrying at airport

Sand quarrying at airport TANGERANG (JP): Residents of Benda, a village in Tangerang which is adjacent to the Soekarno-Hatta International Airport in West Jakarta, have complained about illegal sand quarrying in the area.

Children testify in Rohadi family murder case

Children testify in Rohadi family murder case JAKARTA (JP): A child witness told a district court here yesterday that she crossed paths with the main suspect in the Rohadi family murder case on her way home from school minutes before she learned about the killings.