Indonesian Political, Business & Finance News

Archive: 3 April 1996

50 articles found

Corporations in dire need of professionals

Corporations in dire need of professionals JAKARTA (JP): Indonesia's largest companies are in such dire need of managers and other professionals that they often just take them from other corporations, an executive said.

Lippo Securities profit

Lippo Securities profit JAKARTA (JP): PT Lippo Securities, the first securities company listed on the Jakarta Stock Exchange (JSX), expects to book Rp 32.2 billion (US$13.7 million) in pretax profits this year.

Floods hit Jakarta again, killing one

Floods hit Jakarta again, killing one JAKARTA (JP): At least one man has been killed since Monday evening, when torrential rains and floods hit several parts of the city.Police sources said that the victim was identified as Jerry Juwani, a 17-year-old resident of the Perdagangan Housing Complex in...

Comexindo initiates use of cargo vessel

Comexindo initiates use of cargo vessel JAKARTA (JP): PT Comexindo Maritim, a subsidiary of PT Prima Comexindo owned by businessman Hashim Djojohadikusumo, yesterday started running a 22,000 dead weight ton (DWT) bulk cargo vessel as a feeder for its fleet anchoring away of ports.

Veteran returns to political fray

Veteran returns to political fray BANGKOK (AFP): Veteran politician Chamlong Srimuang, a leader of the pro-democracy movement in May 1992, is to run for election as governor of Bangkok in June, a party official said yesterday.

Textile firms halt operation

Textile firms halt operation PEKALONGAN, Central Java, (JP): At least five textile companies here have shut down operations indefinitely and more are likely to follow suit.Chairman of the Pekalongan Textile Association Mahlul Akbar told The Jakarta Post on Monday that the closure of the five...

Salvaging and recovering wet library collections

Salvaging and recovering wet library collectionsBy Rosa Widyawan JAKARTA (JP): Most disasters in a library involve water, either from the water used to extinguish a fire or from flooding.When rain drenched Jakarta in January, the resulting floods destroyed more than 7,000 volumes of research...

Ruling on new joint timber estates revised

Ruling on new joint timber estates revised JAKARTA (JP): The establishment of joint-venture timber estates must now comply with the 1995 Law on Limited Liability Companies which states that half of the nominal value of each share subscribed must be paid up at the time of establishment.

Haj pilgrims complain of extortion

Haj pilgrims complain of extortion JAKARTA (JP): Only days after the government and the Saudi Arabian embassy solved the problem of late visas for pilgrims which caused some delayed and canceled flights, another hiccup in the haj operation occurred.

Child labor issue draws WB concern

Child labor issue draws WB concern JAKARTA (JP): The poor condition of Indonesian child and women laborers is drawing concern from the World Bank's local representative office.Nisha Agrawal, an expert from the bank's Jakarta office, said that despite some progress, exploitative child labor and poor...

Two men make off with Rp 130m

Two men make off with Rp 130m JAKARTA (JP): A man stabbed a university student and stole his bag with Rp 130 million (US$56,400) in front of a money changer on Jl. Irian, Central Jakarta yesterday afternoon.

Police arrest two drug dealers

Police arrest two drug dealers JAKARTA (JP): The city narcotics squad arrested two suspected drug dealers on Sunday.Fifty-four Ecstasy pills and a few grams of dried marijuana were also seized.The City police spokesman Lt. Col.

Easter AIDS fund-raiser

Easter AIDS fund-raiser JAKARTA: A Bali-based non-governmental organization, in cooperation with a Mexican restaurant, will hold an Easter AIDS fund-raising dinner on Saturday.Yayasan Citra Usadha Indonesia hopes to raise Rp 20 million (US$8,888) to continue its funding of volunteer activities to...

Observer criticizes current sports sponsorship system

Observer criticizes current sports sponsorship system JAKARTA (JP): Forced sponsorship, unprofessionalism, hastiness, red tape and lack of entrepreneurship are the Indonesian ways of organizing sports events, claims a former marketing consultant.

U.S. funds to seek Asian stocks, says J.P. Morgan

U.S. funds to seek Asian stocks, says J.P. Morgan BANGKOK (Reuter): The much-awaited movement of U.S. funds to Asian bourses, as Wall Street's gains approach saturation point, may take place from the second half of 1996, a senior J.P. Morgan & Co Inc official said yesterday.

Motorola ties up with Indonesian beeper firm

Motorola ties up with Indonesian beeper firm JAKARTA (JP): The United States-based telecommunications and electronics giant Motorola reached a deal yesterday with PT Duta Pertiwi Santosa, a private firm operating the Starpage beeper service, to set up a joint radio paging venture.

Cawang-Bekasi toll road project goes to Investa Kusuma

Cawang-Bekasi toll road project goes to Investa Kusuma JAKARTA (JP): The Ministry of Public Works confirmed yesterday that it has appointed PT Investa Kusuma Artha as the developer of the 19.5-kilometer Cawang-Bekasi elevated toll road without a tendering process.

Glucose venture set up

Glucose venture set up JAKARTA (JP): The publicly-listed PT Budi Acid Jaya announced yesterday that it has received approval from the Investment Coordinating Board to set up a US$18 million glucose and high fructose plant.

Mahathir defends policy on 'Asiaweek'

Mahathir defends policy on 'Asiaweek' KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad yesterday defended his government's decision to cancel its subscription to the Hong Kong-based magazine Asiaweek, saying the publication was "not informative.

Malaysian tried on murder charge

Malaysian tried on murder charge JAKARTA (JP): Witnesses to the murder of an Indonesian woman gave conflicting accounts to a district court here yesterday.One of the witnesses said that the suspect, a Malaysian citizen identified as GS, had made repulsive comments throughout the night prior to the...

Election committees should hold talks: Amien

Election committees should hold talks: Amien YOGYAKARTA (JP): A respected political scientist calls on the two election monitoring committees, one official and the other independent, to sit together and hold dialog.

Developers exploit green space

Developers exploit green space JAKARTA (JP): Developers are still converting the city's remaining green areas for their projects, Governor Surjadi Soedirdja said yesterday."Green areas must not be converted to office and shopping space," Surjadi said.

Indonesia backs Indian Ocean forum

Indonesia backs Indian Ocean forum JAKARTA (JP): Indonesia will take an active role in the Indian Ocean Rim Initiative forum, Minister of Foreign Affairs Ali Alatas said yesterday."President Soeharto has conveyed Indonesia's commitment to make it a success and hopes that the country can contribute...

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.

Davis Cupper Eddy opts out of playoff against China

Davis Cupper Eddy opts out of playoff against China JAKARTA (JP): Indonesia's Davis Cupper Eddy Kusdaryanto says he's opting out of the crucial playoff against China this weekend after being diagnosed as having hepatitis.

Indorayon issues US$150 Eurobonds in Luxembourg

Indorayon issues US$150 Eurobonds in Luxembourg JAKARTA (JP): PT Inti Indorayon Utama, a pulp and rayon fiber producer listed on the Jakarta Stock Exchange (JSX), confirmed yesterday that it has issued US$150 million in Eurobonds on the Luxembourg Stock Exchange.

Spotlight

SpotlightPhoto A: CISJP/afsTHE FUTURE OF CIS: Director of the Armenian Center for National and International Studies and former Minister of Foreign Affairs, Raffi K. Hovannisian (left), speaks at a seminar on the future of the Commonwealth of Independent States.

Govt urged to help free 6,000 workers detained in KL

Govt urged to help free 6,000 workers detained in KL JAKARTA (JP): Eleven non-governmental organizations (NGOs) urged yesterday the government and the National Committee for Human Rights to help release 6,000 Indonesian workers confined in Malaysian detention centers.

Ramayana manager may be suspect in Bogor fire

Ramayana manager may be suspect in Bogor fire BOGOR, West Java (JP): The regional manager of Ramayana Department Store here, who is being questioned together with 38 other people, may be the responsible party in last Thursday's fire at the Kebon Kembang market, police say.

Safety procedures often ignored

Safety procedures often ignored JAKARTA (JP): High rise building developers tend to ignore safety requirement after they get their permits, an official says.The head of the city development supervision agency, Hartanto, said yesterday that the developers tend to change the design and the structure...

Aneka Tambang plans to make stainless steel

Aneka Tambang plans to make stainless steel JAKARTA (JP): PT Aneka Tambang, the state-owned company operating a nickel mine in Pomalaa, Southeast Sulawesi, plans to produce stainless steel, expecting it to become one of its core- businesses by the year 2000.

Socializing the roads

Socializing the roads It may not be as dramatic as the bus smash that killed so many on the Jagorawi, but the new road outside our banjar (part of the village) in Bali is claiming the same number of lives.

Symposium on radio phones

Symposium on radio phones JAKARTA (JP): A symposium to be held here tomorrow will discuss the government's plan to review licenses for telecommunications through the radio trunking system in order to increase the number of users.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 2, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 925 0 6,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 1,750 50 1,121,500 Aneka...

New port management

New port management The government has finally succeeded in significantly improving the efficiency of Jakarta's Tanjung Priok port through the realignment of the port's management. As Minister of Transportation Haryanto Dhanutirto reported to President Soeharto on Monday, the port's daily...

Ciliwung river polluted by pesticides, study shows

Ciliwung river polluted by pesticides, study shows JAKARTA (JP): A study by the city's environmental office reveals that the Ciliwung river water has been severely contaminated by pesticides, which have killed thousands of fish in the river.

See lunar eclipse tomorrow

See lunar eclipse tomorrow JAKARTA (JP): An astronomer has invited people in Java, Sumatra, West Kalimantan and Central Kalimantan to watch a full lunar eclipse at dawn tomorrow.Moedji Raharto, a senior researcher at the Bandung-based Bosscha Observatorium, said the rare moment will last for three...

Chinese warning

Chinese warning On March 18, 1996, The Jakarta Post printed a report headlined U.S. Navy told to avoid Taiwan Straits.Within this report, which was mainly quoting Chinese Premier Li Peng, the premier is quoted as saying many things about the current situation, one of which was warning the U.S.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Amazing 3:05 Sports: Arena 123 3:30 TV Series: Roseanne 4:05 TV Drama: Mandiri 4:30 Documentary: Lembah Batang Hari 5:00 Evening News 5:30 Indonesian Lessons: Imbuhan dan Peristilahan 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved...

Yogyakarta out to defend title

Yogyakarta out to defend title JAKARTA (JP): Southeast Asian Games gold medalists will lead defending champion Yogyakarta in the national track cycling championships at the Rawamangun Velodrome, East Jakarta, from April 19 to April 21.

Quake jolts Sumba island

Quake jolts Sumba island KUPANG, East Nusa Tenggara: An earthquake measuring 6.12 on the Richter scale hit the island of Sumba yesterday, Antara quoted the Meteorology and Geophysics Agency as saying.The news agency said the quake struck at around noon local time and was centered at 9.

Two die of food poisoning

Two die of food poisoning BANYUMAS, Central Java: Two people died and 18 others were hospitalized for diarrhea after they ate food at a party at the home of Darsono, a resident of Klahang village, Sokaraja district, last week.The head of the local health office, Dr.

Beattie fit for Sentul challenge

Beattie fit for Sentul challenge JAKARTA (JP): This Sunday's Indonesian Grand Prix motor cycling world championship in Sentul, West Java, will offer a more furious 500cc race with the return of Darryl Beattie.

Marcopper Mining operations halted after waste leak

Marcopper Mining operations halted after waste leak MANILA (AFP): The Philippine government has halted the operations of a mining firm, whose waste ore leaked into a river, including its operations in other areas, it was announced here yesterday.

Modernizing Indonesia's mineral resources industry

Modernizing Indonesia's mineral resources industry The following article is based on a paper presented by the Director General of Mines and Energy, Kuntoro Mangkusubroto, at the 64th annual convention of the Prospectors and Developers Association of Canada, in Toronto, March 11-13, 1996.

Hostages' future still uncertain

Hostages' future still uncertain JAYAPURA, Irian Jaya: The military acknowledged yesterday that the future of talks on the release of 11 people held hostage by separatist rebels since Jan. 8 is uncertain.Lt. Col.

Loan set for Sinar Angkasa

Loan set for Sinar Angkasa HONG KONG (Reuter): A US$33 million loan facility for PT Sinar Angkasa Rungkut is in syndication, said arranger HSBC Investment Bank Singapore.The borrower is manufacturer of fluorescent tubes and bulbs in Indonesia.The facility is divided into two tranches.

Riedel headed for Bob Hasan meet

Riedel headed for Bob Hasan meet JAKARTA (JP): World discus champion Lars Riedel of Germany confirmed yesterday that he will participate in the second Bob Hasan Track and Field Invitational Meet here on May 4.

Indonesian medical association calls for a law on foreign doctors

Indonesian medical association calls for a law on foreign doctors JAKARTA (JP): The Indonesian Medical Association has called for regulations on foreign doctors working in the country after trade liberalization comes into effect in a few years.

Press activists appeal rejected

Press activists appeal rejected JAKARTA (JP): The Supreme Court has rejected the appeals of four press freedom activists convicted of insulting and sowing hatred against the government.It upheld the sentences handed down last year by the lower court for Ahmad Taufik, Eko Maryadi, Danang Kukuh...