Indonesian Political, Business & Finance News

Archive: 18 April 1996

43 articles found

Polysindo's profits up 95%

Polysindo's profits up 95% JAKARTA (JP): PT Polysindo Eka Perkasa, a publicly-listed producer of polyester chips, fiber and yarn, announced yesterday that it booked Rp 210 billion (US$89 million) in net profits in 1995."It was an increase of 95.

World sprinters to higlight Bob Hasan track and field meet

World sprinters to higlight Bob Hasan track and field meet JAKARTA (JP): The owners of 14 of the world's swiftest feet will be the highlight of the second Bob Hasan Track and Field Invitational Meet on May 4 at the Senayan Madya Stadium.

N2130 aircraft

N2130 aircraftFrom PelitaReading Probosutedjo's statements on Habibie and IPTN (the state-run aviation industry) published in the March 9, 1996 edition of Pelita, I am impelled to give some comments.In his judgment, Probosutedjo has based his views solely on a business perspective.

Ministry to expendite firms' articles amendments

Ministry to expendite firms' articles amendments JAKARTA (JP): The government yesterday promised to process quickly and approve any amendments companies make to their articles of association, as mandated by the new company law.

Jordan or Stackhouse due here

Jordan or Stackhouse due here JAKARTA (JP): Either National Basketball Association great Michael Jordan or NBA rookie of the year Jerry Stackhouse will visit Indonesia for a week in August -- if an agreement on the appearance fee is secured.

Government approves Garuda's restructuring

Government approves Garuda's restructuring JAKARTA (JP): The government has approved Garuda Indonesia's financial restructuring program and will increase its equity capital to facilitate the firm's plan to float shares later this year.

Plaudits for PSSI

Plaudits for PSSIFrom KompasAs an avid football fan I always follow the development of our national soccer team (PSSI). I would like to congratulate it on its success in reaching the final round of the 1996 Asian Cup. This achievement certainly has a historical value for Indonesia.

Police arrest 121 students in anti-brawl drive

Police arrest 121 students in anti-brawl drive JAKARTA (JP): The police apprehended 121 high school students in various places in Central Jakarta yesterday in an effort to control student brawls which have once again flared up.

Seven die of diarrhea

Seven die of diarrhea KUPANG, East Nusa Tenggara: Seven residents of Nuataus village, in the Fatuleu district 35 kilometers east of here, died in a recent diarrhea outbreak, while 20 others had to be hospitalized.Antara quoted Dr.

W. Jakarta vendors gripped by anxiety

W. Jakarta vendors gripped by anxiety JAKARTA (JP): Street vendors in West Jakarta are gripped with anxiety as they do not know when the government will evict them."Why doesn't the government just do what it wants, which is demolish our makeshift kiosks and move us elsewhere, instead of leaving us...

Indonesia's road to democracy

Indonesia's road to democracyBy Sayidiman Suryohadiprojo This is the second of two articles on the problems of creating a democracy. JAKARTA (JP): Everybody knows corruption is the main cause of a high cost economy and that it especially originates from the state apparatus.

Govt urged to review Cipta Jaya's land title

Govt urged to review Cipta Jaya's land title JAKARTA (JP): Several legislators urged the National Land Agency yesterday to review the land title given in 1994 to PT Cipta Jaya Raya in Labuhan Batu district, North Sumatra.

Malaysian riders join Siwo race

Malaysian riders join Siwo race JAKARTA (JP): Malaysia announced yesterday it would send a team of three riders to the annual track cycling race at the Rawamangun velodrome, East Jakarta, this weekend.Secretary-general of the Indonesian Cycling Association Hussein Kartasasmita said that Malaysia...

Firm owner tried for corruption

Firm owner tried for corruption MANADO, North Sulawesi: A private company owner in Jakarta, identified only as BS, went on trial yesterday for altering land acquisition documents in an attempt to defraud the state out of Rp 1.8 billion (approximately US$ 762,388).Antara reported that Prosecutor B.

Honda to raise output in RI

Honda to raise output in RI TOKYO (AFP): Japan's Honda Motor Co. Ltd. said yesterday it would raise motorcycle production in Indonesia and open a second production plant.The world's leading motorcycle manufacturer said in a statement it would lift Indonesian production from 550,000 units in 1995 to...

Minister installs 64 new commissioners

Minister installs 64 new commissioners JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah yesterday installed six new advisers at his ministry and 64 new state-owned plantation firm commissioners.

Collusion on the Supreme Court

Collusion on the Supreme Court Allegations of collusion on the Supreme Court (The Jakarta Post, April 15 and Kompas, April 15) threaten jurisprudentie- recht (Dutch for judge-made law).The Chief Justice has authorized the Special Supervision Coordinator within the Supreme Court to conduct an...

33 firms seek minimum wage delay

33 firms seek minimum wage delay JAKARTA (JP): Thirty-three companies want the Jakarta office of the Ministry of Manpower to postpone the implementation of the new minimum wage regulation.The head of the office, Freddy Tuamelly, said yesterday that the 33 companies have reported that they cannot...

Customs office allowed to impose sanctions

Customs office allowed to impose sanctions JAKARTA (JP): The government has issued new rulings, empowering the Directorate General of Customs and Excise to impose administrative sanctions on violators to uphold the customs and excise laws.

HongkongBank employees seek salary rise

HongkongBank employees seek salary rise JAKARTA (JP): More than 200 Hongkong Bank employees in Central Jakarta went on strike indefinitely yesterday, in protest against the management's refusal to raise their salaries and provide them with better facilities.

Two arrested for kidnapping

Two arrested for kidnapping JAKARTA (JP): The city police have arrested two men believed to be the kidnappers of a soccer player whose father had been involved in a business dispute with them.City Police Spokesman Lt. Col.

Irian shooting blamed on mental disorder

Irian shooting blamed on mental disorder JAKARTA (JP): A special team investigating the shooting of 15 people by a special forces second lieutenant in an airport hangar in Timika, Irian Jaya, has returned here with a preliminary report indicating that the suspect had been suffering a mental...

Ferry victims await compensation

Ferry victims await compensation BANDA ACEH, Aceh: The relatives of six of the 344 victims of the Gurita ferry tragedy have not received any compensation from state-owned insurance company PT Asuransi Kerugian Jasa Rahardja.The six were Radin Simatupang, A.

'I just have a different style,' says Downer

'I just have a different style,' says Downer JAKARTA (JP): March ushered in a new chapter in bilateral relations between Indonesia and Australia with the election of a conservative government under Prime Minister John Howard.

6,000 kiosks unused

6,000 kiosks unused JAKARTA (JP): At least 6,000 kiosks in markets managed by the city-owned market company PD Pasar Jaya are unused. The Deputy Governor T.B. M. Rais has asked the company's management to address the problem.Rais said the market buildings were expensive to construct.

3,000 shanties demolished

3,000 shanties demolished JAKARTA (JP): More than 3,000 shanties built illegally on green belt sites and riverbanks in North Jakarta have been torn down during the last four years, with the owners receiving no compensation money.

Standard buses cannibalized for express fleet

Standard buses cannibalized for express fleet JAKARTA (JP): The head of the Land Transportation Control Agency, JP Sepang, promised yesterday to get buses back on the street and to make sure they are serving the public properly.

Why imported goods?

Why imported goods?From KompasI would like to congratulate PT Saranapratama Artamandiri, which has built apartments in response to the call of the Jakarta Administration. A report on this project was published in Kompas on 2 April 1996.However I do have a concern.

Justice Adi praised and criticized

Justice Adi praised and criticized JAKARTA (JP): A judge who blew the whistle on alleged bribery in the Supreme Court has received the support of another senior legal official, but has been criticized by his superior for failing to consult his seniors.

Bus drivers and responsibility

Bus drivers and responsibilityFrom Media IndonesiaThe Kramatjati bus tragedy on the Jagorawi toll road that claimed 30 lives on March 23, 1996, was just one of many road calamities to have recently taken place.

Disabled children not enrolled

Disabled children not enrolled BOJONEGORO, East Java: A total of 174 children with various disabilities are currently not enrolled in school due to the limited number of special schools in the regency, Antara reported yesterday.

Armed Forces warns against 'adventurers'

Armed Forces warns against 'adventurers' SEMARANG (JP): A top military official has warned against "political adventurers" in the 1997 general elections, outlining the risks he feels these people pose.Assistant to Armed Forces (ABRI) chief for social and political affairs Maj. Gen.

Wage hike may lead to small firms' bankruptcy

Wage hike may lead to small firms' bankruptcy JAKARTA (JP): This month's 10.6 percent raise in the minimum regional wage level poses a heavy financial burden that may lead small and medium-sized businesses to declare bankruptcy, a tycoon warned yesterday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 17, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,000 -25 1,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 1,675 0 962,500 Aneka...

Utut Adianto leads Madras chess tourney

Utut Adianto leads Madras chess tourney JAKARTA (JP): Indonesian Grand Master Utut Adianto took the lead in the Cakti chess tournament in Madras, India, after a win over India's Konguvel on Tuesday.The victory put Utut on top of the standings with 2.

Two PT PLN subsidiaries to go public

Two PT PLN subsidiaries to go public JAKARTA (JP): Subsidiaries of the state-owned electricity company PT PLN are to float their shares internationally in the near future, President Soeharto said yesterday.

Bus fares for school children

Bus fares for school children On April 12, 1996 you published a letter from Lanny Marbun in respect to school children's bus fares. On the one hand Lanny says it is unfair that many bus drivers are reluctant to pick up school children because student fares were not increased.

Max Mara's collection dominated by neutrals

Max Mara's collection dominated by neutralsBy Parvathi Nayar Narayan JAKARTA (JP): The Max Mara group is a leading player in the Italian pret-a-porter world. From the first collection presented in 1951, the clothes have had a trademark style of clean, minimalist lines and cuts.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Family Matters 3:00 News: Lintasan Berita 3:05 Tours Film 3:30 Science Film 4:05 News: Lintasan Berita 4:30 Sport: Olahraga dan Prestasi 5:00 Evening News 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country...

Save our film industry

Save our film industryFrom NeracaI am delighted that someone is talking about the development of our film industry. I appreciate ANteve's airing of local films on Sunday evenings.These films feature attractive scenes and impressive dialogue.

Rights and environment pose new challenges to mining sector

Rights and environment pose new challenges to mining sector JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana yesterday warned that human rights and environmental problems would pose the biggest challenges to the mining and energy sector in the future.

Govt hardens stance on poll body

Govt hardens stance on poll body JAKARTA (JP): After weeks of controversy and a number of contradictory official statements, the government made clear unequivocally yesterday that it does not welcome the newly- established Independent Election Monitoring Committee (KIPP).

Bintang insists on his innocence

Bintang insists on his innocence JAKARTA (JP): Outspoken politician Sri Bintang Pamungkas insisted yesterday that Central Jakarta prosecutors have failed to prove he slandered President Soeharto.The former United Development Party member of the House of Representatives reiterated his demand that...