Indonesian Political, Business & Finance News

Archive: 8 March 1996

53 articles found

Bukaka hires consultant for major changes

Bukaka hires consultant for major changes JAKARTA (JP): Publicly-listed PT Bukaka Teknik Utama signed yesterday a contract with international consulting firm Price Waterhouse, in a bid to become a multinational company by the year 2000.

ATP rebukes Indonesia for unsatisfactory turnout

ATP rebukes Indonesia for unsatisfactory turnout JAKARTA (JP): Indonesia may be penalized by the Association of Tennis Professionals for the poor turnout at the Indonesia Open men's tournament here last January.

Senior official dismissed

Senior official dismissed SEMARANG: Governor Soewardi has dismissed his secretary Pudjihardjo for transferring employees to other posts without his permission.Soewardi took the action following persistent complaints that Pudjihardjo was making decisions outside of his authority.

Westin to enter Jakarta

Westin to enter Jakarta JAKARTA (JP): Westin Hotels and Resorts, a hotel management firm based in the United States, will sign next Tuesday an agreement with PT Wisma Kartika to manage a five-star hotel in Jakarta.

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.

ASEAN ministers ponder dark side of infobahn

ASEAN ministers ponder dark side of infobahn SINGAPORE (Reuter): ASEAN ministers yesterday spoke about the dark side of the information technology revolution sweeping their countries and launched a joint effort to deal with the Internet invasion.

Six arrested for robbery

Six arrested for robbery JAKARTA (JP): Six men who tried to steal items from a private retail firm's warehouse in North Jakarta on Wednesday morning ended their adventure in handcuffs.The six were caught red-handed after a security officer spotted them and immediately called the nearby Pademangan...

Expatriates entertain Indonesians at Ancol

Expatriates entertain Indonesians at AncolBy Dini S. Djalal JAKARTA (JP): Does anyone remember the last time they went to Ancol recreation park in North Jakarta?Remember the long, torturous drive through kilometers of merciless traffic? Remember the multiple fees charged (Rp 9,000 or US$4 at last...

Law enforcement needed to save forests: Soeharto

Law enforcement needed to save forests: Soeharto JAKARTA (JP): President Soeharto pledged yesterday that the government would continue to discipline negligent forest concessionaires.Speaking to members of the World Commission on Forests and Sustainable Development at Merdeka Palace, Soeharto...

Seoul stocks hit 27-month low in Asian downturn

Seoul stocks hit 27-month low in Asian downturn HONG KONG (Reuter): Asian share markets finished sharply down yesterday with Seoul's composite index falling to a 27-month low, but in Taipei shares rebounded after two straight sessions in the doldrums.

Canadian firms square off over Indonesian gold find

Canadian firms square off over Indonesian gold find TORONTO (Reuter): A dispute has erupted between two Canadian companies over the ownership of the spectacular Busang gold property in Indonesia.Busang owner Bre-X Minerals Ltd.

Public hearings

Public hearings This is in reference to "Public hearings need to be taken seriously" (The Jakarta Post, March 2, 1996). Arief Budiman admits that many House of Representatives members care about society's problems, but is saddened by the many damaging policies that remain, despite public awareness.

ABRI calls on PDI members to end dispute

ABRI calls on PDI members to end dispute JAKARTA (JP): An end to the struggle for control over the Indonesian Democratic Party (PDI)'s East Java branch must come from the party's rank and files in the province and not the Central Executive Board, a senior Armed Forces (ABRI) officer said yesterday.

Saudi, U.S. firms to invest $15b in RI

Saudi, U.S. firms to invest $15b in RI JAKARTA (JP): Ameen Al-Hindi Est. of Saudi Arabia and Link International Inc. of the United States have committed themselves to investing up to US$15 billion in 13 projects in Indonesia, in cooperation with local business group Tatanusa.

Demolition of Grogol wall continues amidst protest

Demolition of Grogol wall continues amidst protest JAKARTA (JP): Tension flared yesterday when dozens of youngsters tried, unsuccessfully, to prevent some 100 city police from demolishing a wall surrounding a 1.5-hectare plot of land in Grogol, West Jakarta.

RI press violates own code of ethics

RI press violates own code of ethics JAKARTA (JP): While the Indonesian press is constrained by a blatant lack of freedom, it has made the situation worse by ineptly violating its own ethical code.The problem became an impromptu topic at a seminar yesterday on the closure of newspapers, with...

Indosat told to acquire Pakistani telecom firm

Indosat told to acquire Pakistani telecom firm JAKARTA (JP): Minister of Tourism, Post and Telecommunications Joop Ave has told the state-owned international telecommunications company, PT Indosat, to talk with the visiting Pakistani delegation about buying a telecoms firm in Pakistan.

Seven students drown at sea

Seven students drown at sea YOGYAKARTA: High waves on Wednesday swept away and killed at least seven holidaymakers at Parangtritis beach, about 20 kilometers south of here, a press report said.Search and rescue workers scoured the area yesterday to find the five people still missing in the incident...

Tosanjaya gets ISO 9002

Tosanjaya gets ISO 9002 JAKARTA (JP): PT Bakrie Tosanjaya, a foundry company affiliated to PT Bakrie & Brothers, has been awarded an ISO 9002 certificate from the Sucofindo Registrar for Quality Assurance (SRQA), an Indonesian state-owned certification agency.

PM Bhutto to develop trade links

PM Bhutto to develop trade links JAKARTA (JP): Pakistani Prime Minister Benazir Bhutto arrived in Jakarta yesterday at the start of a three-day state visit which is expected to focus on enhancing economic and trade relations between the two countries.

Pramindo loan closes

Pramindo loan closes HONG KONG (Reuter): Syndication for PT Pramindo Ikat Nusantara's US$350 million loan has closed, said arranger Chase Manhattan Bank Asia.The facility was oversubscribed to US$485 million but will not be increased.

Welcome Bhutto

Welcome Bhutto Pakistan's Prime Minister Benazir Bhutto arrives, accompanied by about 80 businesspeople, to strengthen her country's cooperation with Indonesia in various fields, particularly in the economic field.

Traumatic taxis

Traumatic taxisFrom Media IndonesiaOur capital city offers daily scenes of overcrowded buses in which elderly women and pregnant women are squeezed in the sea of passengers.What about our taxis? I'm traumatized whenever I see a yellow taxi.

Observer fears for RI in All England championships

Observer fears for RI in All England championships JAKARTA (JP): Indonesia's best chance of a title in the All England championships will be in the men's doubles, a badminton observer said yesterday.Icuk Sugiarto, the 1983 world champion, said yesterday that only Ricky Subagja and Rexy Mainaky are...

Thief mobbed to death

Thief mobbed to death JAKARTA (JP): A man has been beaten to death by a mob for stealing in Kampung Payangan, Jati Asih subdistrict, East Jakarta.Local police confirmed yesterday that Andi Arip was attacked by a mob after stealing electronic goods and a bicycle from a resident's house on Wednesday.

Navy detains Taiwanese poachers

Navy detains Taiwanese poachers MANILA (AFP): The Philippine Navy detained a Taiwanese vessel caught illegally fishing in territorial waters off the northern province of Cagayan, officials said yesterday.

Doubts over Australia's Asian role

Doubts over Australia's Asian role Despite assurances from Australian Prime Minister-elect John Howard that he will continue the country's business push into Asia, Saturday's election result represents a mystery package for developing countries of the region, Thailand included.Mr.

City training for corpse care

City training for corpse care JAKARTA (JP): The city is stepping up services for the deceased by holding a three-week training program for burial agency staffers.The training, which begins tomorrow and lasts until March 23, is for 30 employees and aims to polish their skills in handling the dead,...

Paul Keating

Paul Keating I am an Indonesian housewife, and am much interested in what's going on in the world. I followed the Australian election on ABC television station at home. I felt a great loss when I learned that Paul Keating lost the election. I have great admiration and respect for him.

Election idea called impractical

Election idea called impractical SEMARANG (JP): A proposal to have the country's political parties administer general elections instead of the government was cast aside by two political experts.While neither Amien Rais of Gadjah Mada University nor Purwoko of Diponegoro University oppose the...

Teijin to set up RI film

Teijin to set up RI film TOKYO (AFP): Japan's Teijin Ltd. is to invest about US$70 million to set up a company to manufacture polyester film in Indonesia in early 1997, a company official said yesterday.

Bank Bali warrants exceed foreign limit

Bank Bali warrants exceed foreign limit JAKARTA (JP): Foreign investors will not be able to convert their Bank Bali warrants into shares as long as the bank's foreign portion remains bought out."It's something beyond our authority.

Canadian mission due here

Canadian mission due here JAKARTA (JP): A group of executives representing seven Canadian geomatics companies will visit Indonesia on March 10 - 12 to discuss their expertise in the context of Indonesian requirements at a seminar to be hosted here by the Canadian embassy.

Congress gives teachers lots of homework

Congress gives teachers lots of homeworkBy Santi W.E. Soekanto UJUNGPANDANG, South Sulawesi (JP): Education experts concluded their congress yesterday with a number of unfinished tasks, including the question of how to lobby the government to bolster education spending.

City to phase out bemos this year

City to phase out bemos this year JAKARTA (JP): The city administration is to remove all bemos -- three-wheeled motorized vehicles that carry up to seven people -- from the streets and replace them with other types of vehicles this year.

Indonesia-PNG border talks

Indonesia-PNG border talks JAYAPURA, Irian Jaya: Officials from Indonesia and Papua New Guinea held their regular border discussion meeting in Vanimo this week, but did not touch on the release of the 12 people held captive by separatist rebels in Irian Jaya.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 7, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 950 150 181,500 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,950 -25 46,000 Aneka...

Mayestik to use new parking system

Mayestik to use new parking system JAKARTA (JP): The city administration will trial an automated parking system at the Mayestik market in South Jakarta next month in an effort to increase revenue.The head of the city parking authority (BP Parkir), Sumaryono, said yesterday that the trial at...

Continuity of ASEM assured

Continuity of ASEM assuredBy Jusuf Wanandi JAKARTA (JP): Like the first APEC Leaders' Meeting on Blake Island, Seattle, the fact that the Asia-Europe Meeting (ASEM) of 25 leaders took place at all is a major achievement.

The Listening Post

The Listening Post * The numbers are smoking as we continue to devote intensive study to mastering them. I refer to last week's "Listening Post" column, in which I discussed some principal differences between numerical systems in English vs.

Role of religious leaders

Role of religious leaders A seminar on development and human rights in Irian Jaya this week heard a message from a native theologist that could be the 11th Commandment: "Thou shalt not overlook religious leaders.

Fun, friendship and loads of work at the city's WIC

Fun, friendship and loads of work at the city's WIC "Despite the state of the world, we have proved that women of many countries can work together in harmony," says a member of the Women's International Club Jakarta.

Dissenters establish federation to save YLBHI

Dissenters establish federation to save YLBHI JAKARTA (JP): A group of senior members of the Indonesian Legal Aid Foundation (YLBHI) moved to stake a claim on the foundation's leadership yesterday amid threats of punishment by its board of trustees.

PSSI cruises to Asian finals in Dubai

PSSI cruises to Asian finals in Dubai JAKARTA (JP): Indonesia's football team (PSSI) remained in a down-to-earth mood amid the celebrations which followed Wednesday's success in securing a place in the Asian Championship Finals in Dubai next December.

Prosecutor's rebuttal heard in Bekasi rape case

Prosecutor's rebuttal heard in Bekasi rape case JAKARTA (JP): The mother of one of 11 defendants being tried for gang rape and robbery cried hysterically at the Bekasi District Court yesterday after the prosecutors turned down the defendant's request that his son be acquitted of all charges.

TV today

TV todayTVRI 2:30 p.m. My Country 2:35 TV Series: Amazing 3:00 News: Lintasan Berita 3:05 Science Film: Boston 3:30 Science Film: Safari Ocean 4:00 News: Lintasan Berita 4:05 Quiz: Cerdas Cermat 4:30 Culture: Tari dan Lagu 5:00 Evening News 5:25 Travel: My Country 5:30 Information: Kiat...

Co-ops told to involve more women

Co-ops told to involve more women JAKARTA (JP): President Soeharto yesterday called for the use of cooperatives as a means to encourage women to improve their role in the country's economic development.

PPP lobbies hard for electoral law reform bill

PPP lobbies hard for electoral law reform bill JAKARTA (JP): United Development Party (PPP) leaders met with their House of Representatives counterparts from the Armed Forces faction yesterday to solicit support for its electoral law reform bill.

Where to go in Bali:

Where to go in Bali:Music and entertainment * Grand Hyatt Bali, Nusa Dua: Pasar Senggol - Balinese Arts & Crafts, daily. Sunset Procession, daily. Ramayana Dance, Thursday. Legong Dance, Saturday. Arjuna Wiwaha Dance, Sunday. Rejang, Puspawresti, Belibis and Jaran Teji dances, Monday.

Biting chilies

Biting chiliesFrom MerdekaHousewives were shocked to find that chilies had become "red gold" and that prices had soared. Chilies that used to cost tens of rupiah a kilogram, now cost tens of thousands of rupiah a kilogram.

Nipress suspension ended

Nipress suspension ended JAKARTA (JP): The Jakarta Stock Exchange (JSX) suspended the trading of PT Nipress shares on the exchange during the morning session yesterday though trading was allowed to resume in the afternoon.

Orders set for 219 N-250s

Orders set for 219 N-250s JAKARTA (JP): State Minister of Research and Technology B.J. Habibie said yesterday that PT Industri Pesawat Terbang Nusantara (IPTN) has received orders for the sales of 219 N-250s, newly developed turboprop aircraft with a capacity of 70 passengers.

Asian rice prices hold firm despite aloof buyers

Asian rice prices hold firm despite aloof buyers SINGAPORE (Reuter): Asian rice prices continued on a firm trend in early March, traders said yesterday, despite the efforts of some buyers to cool the heated market by holding back purchases from Thailand -- the world's largest exporter.