Indonesian Political, Business & Finance News

Archive: 16 April 1996

49 articles found

Traders lament Adipura award tactics

Traders lament Adipura award tactics JAKARTA (JP): Traders in Tanah Abang market, Central Jakarta, have complained about the clean-up operation conducted by the local authorities, saying that the yearly pursuit of the contested city development trophy has caused them suffering.

Army's elite force to be reorganized

Army's elite force to be reorganized JAKARTA (JP): Kopassus, the Army's Special Force, will be reorganized to meet the demands of the current security environment.Kopassus commander Brig. Gen. Prabowo Subianto said the elite force will increase the amount of personnel and weaponry to make it a more...

Cyrill new president of the JSX

Cyrill new president of the JSX JAKARTA (JP): The shareholders of the Jakarta Stock Exchange (JSX) yesterday elected Cyrill Noerhadi their new president, replacing Hasan Zein Mahmud, who was elected only in March 1995.

Bakrie's condos enter final phase

Bakrie's condos enter final phase JAKARTA (JP): Work on the Taman Rasuna apartments in South Jakarta is entering its final phase. On Sunday PT Catur Swasakti Utama, a subsidiary of the Bakrie business group which built the apartments, celebrated the installment of the roofs of four of 26 towers.

Government promises fair general election

Government promises fair general election JAKARTA (JP): The government promised yesterday a fair general election in 1997, saying it would not risk ruining its good name by committing or allowing violations to occur.

Students protest road construction

Students protest road construction BANDUNG, West Java: Thousands of students of the state-owned Teachers' Training College (IKIP) marched yesterday in protest of a planned road which will cut through their campus.

Tax facility extended

Tax facility extended JAKARTA (JP): The government has given a three-year extension to a tax facility granted to both domestic and foreign investors in a bid to attract more investment.The Investment Coordinating Board (BKPM)'s deputy chairman for industry assessment and licensing, Wardijasa, said...

Police efforts to end student brawls criticized

Police efforts to end student brawls criticized JAKARTA (JP): City Council Speaker M.H. Ritonga criticized the police and their sporadic efforts to get a handle on the student brawls that continue to break out around the city.M.H.

CPC to invest $300m in Indonesia

CPC to invest $300m in Indonesia TAIPEI (Reuter): Taiwan's state-run Chinese Petroleum Corp. (CPC) said yesterday it has not changed its plan to invest US$300 million in a project that includes moving its currently closed No. 2 naphtha cracker to Indonesia.

National holiday

National holiday The five-day week has been implemented for several months now, making Saturday a holiday in addition to Sunday. We thank the government for this ruling. However, what if a public holiday falls on either Saturday or Sunday? In this case I would like to propose to the minister of...

EU duty on Asian bikes

EU duty on Asian bikes BRUSSELS (Reuter): The European Union imposed yesterday definitive anti-dumping duties on bicycles originating in Indonesia, Malaysia and Thailand, the EU Official Journal said."A definitive anti-dumping duty is hereby imposed on imports of bicycles and other cycles...

New car policy an aid to investment

New car policy an aid to investment JAKARTA (JP): A senior official yesterday defended the government's controversial national car policy, saying that it will not have an adverse effect on the flow of foreign investment into the country.

PPP chief protests at seizure of banners

PPP chief protests at seizure of banners SURABAYA (JP): United Development Party (PPP) chief Ismail Hasan Metareum yesterday denounced the seizure of party banners during a street rally in Malang, 90 kilometers south of here, on Sunday.

Indorayon's notes get BB

Indorayon's notes get BB HONG KONG (Reuter): Standard & Poor's said it had assigned a rating of BB to Indorayon International Finance B.V.'s US$150 million 10 percent Guaranteed Notes due 2001 and had revised the outlook to stable from negative.

Focus shifts to ringgit as rupiah, baht lose shine

Focus shifts to ringgit as rupiah, baht lose shine SINGAPORE (Reuter): Southeast Asia's most sought after currencies, the Indonesian rupiah and the Thai baht, are losing their sheen as policy uncertainties and fear of capital controls force investors to look elsewhere, analysts said at the weekend.

Election watchdog

Election watchdogFrom KompasOn March 27, 1996, Kompas published an article called 'Hasil polling mengenai KIPP sekitar 50 persen mendukung' (polling results show that 50 percent back election watchdog). Such a heading is indeed shocking, and even more misleading.

U.S.-Japan security pact

U.S.-Japan security pact The trimming of U.S. military facilities on the Japanese island of Okinawa announced by the two governments yesterday indicates that Washington has responded prudently to the demands made by the Japanese, particularly the Okinawans, following the much-publicized trial in...

Soccer player taken hostage

Soccer player taken hostage JAKARTA (JP): A national junior soccer player was kidnapped and is being held hostage by a business partner of his father who owes him Rp 60 million (US$25,806).The 46-year-old father, Zulkifli Lubis, reported the kidnapping of his son Budi Setiawan to the Jakarta Police...

Japan still attracted by ASEAN

Japan still attracted by ASEAN TOKYO (AFP): Access to local markets was the major driving force behind Japanese companies relocating to the ASEAN region, according to the findings of a trade survey released yesterday.The Japan External Trade Organization (Jetro) said 34.

Ministry clarification

Ministry clarification In reference to the news report published in The Jakarta Post on April 10, 1996, entitled Court to hear Grogol overpass collapse case soon, the Ministry of Public Works would like to make the following correction:In compliance with the explanations given by the minister of...

Workers demand better pay

Workers demand better pay TANGERANG (JP): Around 1,600 workers of PT SG garment company went on strike yesterday, demanding that the company's management raise their wages in accordance with the minimum wage regulation set by the government.The workers arrived at the factory compound at 7 a.

Special prison for drug users planned

Special prison for drug users planned DENPASAR, Bali: The Ministry of Justice is planning to establish a prison for drug offenders, Antara reported yesterday.Head of the provincial office of the ministry, Suhadi, said the establishment of the prison, which will be the only one of its kind in...

LPG tanks

LPG tanksFrom Bisnis IndonesiaI moved to Jakarta from Bengkulu about four years ago. In Bengkulu a 12 kilogram cylinder of gas lasted an average of 11 days. Yet in Jakarta a cylinder of gas only lasts seven days, sometimes only five.

Fifteen killed, 11 hurt as officer runs amok in Irian

Fifteen killed, 11 hurt as officer runs amok in Irian JAKARTA (JP): Fifteen people were killed and 11 others injured, some seriously, when a military officer suddenly opened fire on fellow officers and others at the Timika airport in Irian Jaya 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 5 p.m. to 8 p.m., opening hours Monday to Sunday 9 a.m to 1 p.m. * Hotel Aryaduta, Jl.

Clinton trip to help promote Korean peace

Clinton trip to help promote Korean peace ELMENDORF AIR FORCE BASE, Alaska (Reuter): U.S. President Bill Clinton said yesterday as he flew to East Asia for talks with South Korean President Kim Young-sam that the United States was promoting an "ultimate reconciliation" between South and North Korea.

Public phones out of order

Public phones out of orderFrom NeracaThe state of public phones in Jakarta is not in keeping with the telephone company's current drive for better service and increased sales of new telephone lines.Last week I used the public phone on the ground floor of the manpower ministry on Jl. Gatot Subroto.

Private concessionaires lack qualified personnel

Private concessionaires lack qualified personnel JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo yesterday criticized private forest concessionaires for their lack of qualified staff, saying this could make them unfit to comply with ecolabeling requirements.

Halt rice field conversion: Soeharto

Halt rice field conversion: Soeharto JAKARTA (JP): President Soeharto yesterday emphasized the need to maintain technically-irrigated rice fields and prevent them from being converted to non-agricultural uses.

Canberra vows constructive diplomacy on RI

Canberra vows constructive diplomacy on RI JAKARTA (JP): Alexander Downer, on his first trip abroad since being installed as Australia's foreign minister, said here yesterday that Canberra advocates "constructive diplomacy" on human rights issues such as East Timor.

Towards a more effective legislature

Towards a more effective legislature While meeting with leaders of the newspaper Kedaulatan Rakyat, President Soeharto asked the press to put straight the public misconception that the government's power exceeds that of the House of Representatives.

Hotel catches fire, guests flee in panic

Hotel catches fire, guests flee in panic BANDUNG, West Java: The nine-story Panghegar Hotel on Jl. Merdeka caught fire yesterday, causing hundreds of guests and employees to flee in panic.Antara reported that some guests suffered light injuries, but there were no fatalities.

Donor countries?

Donor countries? I object to calling the World Bank a donor when it is in fact a lender. Global donors gather in Brussels to rebuild Bosnia (The Jakarta Post, April 10, 1996.A bank does not donate. A bank lends money to make money.

Suspect was asleep: Witness

Suspect was asleep: Witness JAKARTA (JP): A witness for the defendant in the cold-blooded murder of a housewife and her three children told a court hearing yesterday that he was the first to inform the defendant about the killings.

PT Telkom to boost performance

PT Telkom to boost performance BANDUNG, West Java (JP): State-owned PT Telekomunikasi Indonesia (Telkom) launched yesterday a self-drive transformation program, called T-2001, aimed at boosting its performance to become a world-class operator by the year 2001.

Five injured in toll crash

Five injured in toll crash JAKARTA (JP): Five people were injured in an accident involving an inter-city bus and a container lorry on the Cikampek toll road yesterday.In the course of the accident the lorry fell on its side in the middle of the road but no fatalities were reported.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Songs 3:05 Music: Dilentasia 3:30 Science 4:00 News: Lintasan Berita 4:05 Science: IPTEK 4:30 TV Drama 5:00 Regional News 5:30 English Lessons 6:05 Nusantara, the Beloved Country: East Nusa Tenggara 6:15 Village Program 7:00 Evening...

Jaya Holdings in S$60m link with Hasko

Jaya Holdings in S$60m link with Hasko SINGAPORE (Reuter): Shipping company Jaya Holdings Ltd said yesterday it had signed a memorandum of understanding (MOU) with Indonesia's Hasko Group for a joint-venture project that will guarantee a minimum of Singapore $60 million in freight revenues over...

Viscose expands capacity

Viscose expands capacity JAKARTA (JP): PT South Pacific Viscose, a joint venture of Lenzing AG of Austria, Ashok Birla of India and Pura Golden Lion of Indonesia, will increase the annual production of its staple fiber rayon plant from 75,000 to 100,000 tons in June.

Bank Danamon Cibinong

Bank Danamon CibinongFrom NeracaThe marketing of new telephone lines for Bojonggede, Depok Baru, at Puri Nirwana Estate on April 12 to April 13 was rather chaotic. This was because it was mandatory for prospective subscribers to open an account at Bank Danamon's Cibinong branch.

Security guard killed by mob

Security guard killed by mob JAKARTA (JP): A security guard was killed by people who mistakenly took him for a thief on Jl. Permata, Kebon Pala, East Jakarta.An officer at the Kampung Makasar police subprecinct said the police are still investigating the killing of Jenton Jackson Tampubolon, 23.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 15, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,025 25 98,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,150 0 2,500 Andayani Megah 1,650 -25 70,000...

Fire hits North Jakarta

Fire hits North Jakarta JAKARTA (JP): Some 2,600 people have been left homeless after a fire destroyed their homes in Penjaringan, North Jakarta, late Sunday night. No fatalities were reported.A source at the mayoralty Fire Department told The Jakarta Post yesterday that a candle in a house is...

Daily wage system must go, says Latief

Daily wage system must go, says Latief JAKARTA (JP): The government promised yesterday to take a hard line on companies who pay workers by day for an unlimited period, and keep workers in a limbo of unclear employment status.

Banks told to prepare for free trade

Banks told to prepare for free trade JAKARTA (JP): Bank Indonesia Governor J. Soedradjad Djiwandono told local banks yesterday to outline long-term development strategies, and consider restructuring, to prepare themselves for free trade in services both in regional and global markets.

Indonesia told to follow example of Seoul Olympics

Indonesia told to follow example of Seoul Olympics JAKARTA (JP): The 1988 Seoul Olympic Games should become an essential point of reference if Indonesia hands the organization of the Southeast Asian Games next year to the private sector, a former sports official said yesterday.

Asia-Pasific needs U.S. presence

Asia-Pasific needs U.S. presenceBy Jusuf Wanandi JAKARTA (JP): Since the end of the Cold War and during negotiations on U.S. bases in the Philippines at the end of the 1980s and early 1990s, there has been speculation about the continuity of United States military presence in the western...

Four tested HIV positive

Four tested HIV positive AMBON, Maluku: Local health officials recently registered four Human Immunodeficiency Virus (HIV) positive people, Antara reported yesterday.Dr. D. Anatototy said two of them were waitresses in a local bar while the other two were Thai fishermen working for a foreign...

Pondok Pinang-Kebon Jeruk toll road project starts

Pondok Pinang-Kebon Jeruk toll road project starts JAKARTA (JP): The construction of the outer ring tollroad segment running from Pondok Pinang (South Jakarta) to Kebon Jeruk (West Jakarta) started yesterday with the ground breaking by Public Works Minister Radinal Moochtar.