Indonesian Political, Business & Finance News

Archive: 1 May 1996

54 articles found

Changes called for in national school curricula

Changes called for in national school curricula JAKARTA (JP): Education expert J. Drost S.J. proposed yesterday cutting junior high school curricula from 42 hours a week to 38 hours to help the nation's students face competition in the globalization era.

AC bus fares to be increased to Rp 1,800

AC bus fares to be increased to Rp 1,800 JAKARTA (JP): The fare for air-conditioned city buses is likely to be increased to Rp 1,800 (78 US cents) from the current level of Rp 1,300 per person.A reliable source at the city administration, who refused to be named, said yesterday that the city land...

Three teenagers arrested on murder charge

Three teenagers arrested on murder charge JAKARTA (JP): Police have arrested three of the four teenagers suspected of beating and stabbing to death a friend at an amusement center in East Jakarta on Monday.

Kotra offers help to local businesses

Kotra offers help to local businesses JAKARTA (JP): Many foreign businessmen may not know that the Korea Trade Promotion Corporation (Kotra) does much more than promoting exports from South Korea, Seok-Huyn Park, the new director of Kotra in Jakarta says.

Thesis and human resources

Thesis and human resourcesFrom Bisnis IndonesiaThe abolishment of the academic system that obliges university students to write theses is a pragmatic solution which may have a serious impact in the future.

Victim's father testifies

Victim's father testifies JAKARTA (JP): A man told a court here yesterday that his son almost became handicapped after being beaten up."Had Barlian were admitted two hours later to hospital he would have been paralyzed," Barita Sitompul, father of Barlian, told the Central Jakarta district court.

Indomulti's profit up 118%

Indomulti's profit up 118% JAKARTA (JP): PT Indomulti Inti Industri, a multi-industry corporation listed on the Jakarta Stock Exchange, reported a 118 percent increase in net profits to Rp 26.7 billion (US$11.4 million) last year.

KIPP told not to let in foreigner

KIPP told not to let in foreigner JAKARTA (JP): Noted political observer Rudini has welcomed the new Independent Election Monitoring Committee but questioned the wisdom of inviting a foreign activist to train its members.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 Game Show: Fun House 3:00 News: Lintasan Berita 3:05 Children Program: Arena 123 3:30 TV Series: Roseanne 4:05 TV Drama: Habis Gelap Terbitlah Terang 4:30 Documentary Film: Mozaik Sumenep 5:00 Evening News 5:30 Indonesian Lessons: Apa Manfaat Sastra...

Director admits setting up bogus company

Director admits setting up bogus company JAKARTA (JP): A company director admitted to a court yesterday that he established bogus firms which were later implicated in a tax evasion case."I borrowed Sumarno's identification card to institute firms as ordered by my father," Dominikus Setia Ritaka,...

Airbus Industrie records more orders

Airbus Industrie records more orders JAKARTA (JP): Airbus Industrie, a European consortium, booked orders for 124 planes during the first three months of this year, representing a 16 percent increase over the whole year of 1995, its press relations manager Sean Lee said yesterday.

Japan and RI to solve auto dispute

Japan and RI to solve auto dispute JAKARTA (JP): A two-day meeting between Indonesia and Japan over the former's new national car policy ended inconclusively here yesterday, but both countries' delegations agreed to try and reach a bilateral solution before involving the World Trade Organization...

Japan continues boosting yen loans

Japan continues boosting yen loans TOKYO (Reuter): Japan's economic problems have not stopped it boosting yen loans to Asia and the rest of the world, official statistics released yesterday showed.Japan's yen loan commitments for the last fiscal year to March 31 rose 23.

Lifesavers needed

Lifesavers neededFrom GatraIt is often reported that the Indian Ocean claims many tourists' lives, but the government pays little attention to the matter. It has not even considered setting up lifesaving team or at least telling tourists how to save themselves if they are carried away by a strong...

Husband-beater gets three months

Husband-beater gets three months MEDAN, North Sumatra: Delima Margareta Br. Regar, a 46-year old primary school teacher, was sentenced to three months in jail after the court found her guilty of beating her defenseless husband, a stroke victim, Antara reported.

IPTN sets up subsidiary in Germany

IPTN sets up subsidiary in Germany JAKARTA (JP): The state-owned aircraft maker Industri Pesawat Terbang Nusantara (IPTN) has established a subsidiary in Lemwerder in the German state of Niedersachsen as its marketing arm for the European market.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 30, 1996: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 975 0 7,500 AHAP Insurance 2,800 0 0 Alumindo Perkasa 725 0 0 Andayani Megah 1,600 -25 271,000 Aneka...

Aggressive hawkers

Aggressive hawkers With much interest I read the statement of Mr. Emil Salim in The Jakarta Post of April 30, 1996, regarding the destruction of the Bali landscape, especially in the Gianyar/Ubud area, east of Denpasar.

HongkongBank dismisses 189 employees

HongkongBank dismisses 189 employees JAKARTA (JP): The management of HongkongBank has decided to dismiss 189 employees following a two-week strike."The South Jakarta Chapter of the Ministry of Manpower received notification from the management yesterday that we have all resigned.

RI's highest tower to be built for sports offices

RI's highest tower to be built for sports offices JAKARTA (JP): A 54-story skyscraper at Senayan, Central Jakarta, will be built on the land where the National Sports Council headquarters now stands. When it is completed, it will become the highest building in Indonesia.

Inco gets $421m loan

Inco gets $421m loan JAKARTA (JP): PT International Nickel Indonesia (Inco) announced yesterday that it has completed arrangements with a group of international lenders for a US$421.25 million loan to finance its expansion program and the repayment of its existing debt.

Money makes the world go round behind bars

Money makes the world go round behind barsBy Imanuddin JAKARTA (JP): Who says life is hard in a correctional facility? For people with cash to splash or any other clout, life in jail can apparently be pleasant.

Resettlers face problems

Resettlers face problems JAYAPURA, Irian Jaya: Most transmigrants from within Irian Jaya are less successful than the more skilled resettlers from areas outside of Irian Jaya, an official says.Antara quoted M.R.

Residents need clean water

Residents need clean water PALU, Central Sulawesi: Only 20 percent of the two million residents of Palu have access to clean water, far less than the administration's 1996/1997 target of 60 percent, Antara reported yesterday.This year, the Ministry of Public Works has allocated Rp 5.2 billion (US$2.

Voter registration drive starts today

Voter registration drive starts today JAKARTA (JP): The government will launch a voter registration drive starting today by sending officers to knock on every door throughout the nation."I appeal to everyone to meet with the registration officers and to give accurate information," Minister of Home...

Man arrested after two-year hunt

Man arrested after two-year hunt MANILA (AFP): A fugitive ethnic Chinese businessman who murdered a student in a 1991 traffic dispute was arrested in the northern Philippines on Tuesday, ending a two-year hunt for one of the country's most wanted men, police said.

Delinquent developers

Delinquent developersFrom MerdekaMany Jakartans long for houses which can be obtained without going though much red tape. The government has chalked out a project for building fairly simple and simple houses meant for people with low incomes.

President to be absent from state activities

President to be absent from state activities JAKARTA (JP): President Soeharto, who is still mourning the loss of First Lady Mrs. Tien Soeharto, will be absent from all state activities this week.Minister/State Secretary Moerdiono yesterday explained that all state activities involving the President...

New drug against AIDS considered

New drug against AIDS considered BANGKOK (AFP): Thailand, which may be home to as many as 800,000 people infected with HIV, is considering approval of a drug with a powerful record against the virus, a government AIDS expert said yesterday."Abbot has studied this drug for years and the U.S.

Quality of secretarial courses execrable

Quality of secretarial courses execrable JAKARTA (JP): Secretarial courses are mushrooming around the city, but the quality of their graduates is often execrable, the head of the Indonesian Association of Secretaries (ISI) says.

Literary award for Mangunwijaya

Literary award for Mangunwijaya JAKARTA (JP): A noted novelist and architect, Y.B. Mangunwijaya, will receive a literary award this month.The Yogyakarta-based priest, whose works include Burung-burung Manyar, is scheduled to receive the Professor Teeuw award on May 15 at the Erasmus Huis Dutch...

Oil price increase to boost new investments: Analyst

Oil price increase to boost new investments: Analyst JAKARTA (JP): Increased oil prices on the world market, nearing US$20 per barrel last week, will encourage new investments in Indonesia's energy sector, an oil analyst said.

Danamon's issues shares

Danamon's issues shares JAKARTA (JP): Publicly-listed Bank Danamon has got its shareholders's approval to issue 560 new shares in a limited offering to raise Rp 840 billion (US$358 million).The existing shareholders will be allowed to buy one new share at Rp 1,500 for each old share, the bank said...

Economy sets security agenda

Economy sets security agendaBy Bantarto Bandoro JAKARTA (JP): The coming months will witness three major Asia Pacific diplomatic events, namely the ASEAN Ministerial Meeting (AMM), the meeting of the ASEAN Regional Forum (ARF), the ASEAN Post Ministerial Conference (ASEAN-PMC) and the meeting of...

Justice in Nipah

Justice in Nipah Justice has finally come to the villagers of Nipah on the island of Madura, East Java. Now it is to be hoped that with the return of the villagers' peace of mind the former tranquility will also be restored.

Agricultural extension service needs improvement: Minister

Agricultural extension service needs improvement: Minister JAKARTA (JP): Agricultural extension service, which is presently conducted autonomously by local administrations, has yet to produce the desired results, Minister of Agriculture Sjarifudin Baharsjah said yesterday.

Daylight theft

Daylight theftFrom Pikiran RakyatOn April 17, 1996, at about 10 a.m. thieves broke into a house on Jl. Parakan Asri-Bypass in Bandung, West Java. The thieves knew the owner was not at home and forced the door open. The seemingly experienced thieves finished the job quickly and fled in a minivan.

Momentum grows to confer heroine title on Mrs. Tien

Momentum grows to confer heroine title on Mrs. Tien JAKARTA (JP): The proposal to confer the title of national heroine on the late First Lady Mrs. Tien Soeharto is receiving widespread support from religious leaders and politicians.The proposal to make Mrs.

A lesson from Ujungpandang

A lesson from Ujungpandang Last week's student protest action in Ujungpandang against the increase in public transportation fares took its toll. The death of five students -- whose bodies were reportedly found floating in a river -- and the fact that hundreds were injured, has caused grief among...

Indah Kiat bonds get B-plus rating

Indah Kiat bonds get B-plus rating SYDNEY (Reuter): Standard and Poor's Corp said on Tuesday it had assigned its B-plus long term rating to the 370 million yen guaranteed samurai bonds due March 2000 issued by Indah Kiat International Finance Co B.V.

Many children neglected

Many children neglected JAMBI, Jambi: A total of 30,429 children who roam the streets have yet to receive help from the local social service office, Antara reported yesterday.Head of the office Imam Achmadi said here yesterday that the province has 40,568 neglected children, but that only 20...

Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Mezzanine Lounge: The Praise Vocal Group, Nightly except Sundays, from 8 p.m. to 11 p.m. * Hotel Aryaduta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Los Morenitos Vocal Group, Monday,...

Dharma Wanita striving to fulfill its ambition

Dharma Wanita striving to fulfill its ambition JAKARTA (JP): Dharma Wanita, an initiative of the late Mrs. Tien Soeharto, is still working to reach its objectives, said Atiek Wardiman, an executive of the organization set up especially for the wives of civil servants.

Buchori's premise on good learning

Buchori's premise on good learning Mochtar Buchori's article 'Good learning capability key to human resources development' (The Jakarta Post, April 22, 1996) rightly points out what the basic requirement is for effective human resources development.

World tin demand projected to increase

World tin demand projected to increase JAKARTA (JP): The London-based International Tin Research Institute Ltd. (ITRI) estimates that world tin consumption will increase by 20,000 tons in 1997 and 30,000 tons 1998.

Asian rubber prices vulnerable to further fall

Asian rubber prices vulnerable to further fall SINGAPORE (Reuter): Southeast Asian rubber prices, weighed down by rising supply from the post-wintering harvest, are vulnerable to further declines unless significant buying is tempted to emerge, traders said yesterday.

SEA Games dry run in Darwin

SEA Games dry run in Darwin JAKARTA (JP): The fourth Arafura Games in May 1997 in Darwin, Australian Northern Territory, look set to serve well as a warm- up arena for the 19th Southeast Asian Games which will be held just a few months later.

Two siblings reunited

Two siblings reunited BANJARMASIN, South Kalimantan: Two half-siblings who have been separated for 60 years and have different nationalities were reunited here on Sunday, Antara reported yesterday.Djawiyah Imran, 73, of Selangor, Malaysia, finally met her half-brother Sulaiman Kurdi, a resident of...

Barito profits down by 52%

Barito profits down by 52% JAKARTA (JP): PT Barito Pacific Timber said its net income for the whole of last year was only Rp 70 billion (US$29 million), representing a drop of 52 percent from 1994's total of Rp 147 billion.

1,800 workers go on strike over salary

1,800 workers go on strike over salary JAKARTA (JP): Some 1,800 garment factory workers in the Cakung bonded zone in East Jakarta have gone on strike to demand 30-day salaries instead of 25-day salaries.

Steel firm workers seek better payment

Steel firm workers seek better payment JAKARTA (JP): More than 90 workers from PT Jagat Baja Prima Utama, a company producing steel structures, went yesterday to the National Commission on Human Rights seeking help in their negotiations with the company's management.

World leaders send condolence messages

World leaders send condolence messages JAKARTA (JP): Messages of condolence at the death of First Lady Mrs. Tien Soeharto poured in from world leaders and friends, including several from neighboring Australia.

RI to introduce earthquake insurance policy

RI to introduce earthquake insurance policy JAKARTA (JP): The Indonesian Insurance Council is planning to introduce a standard earthquake policy to attract more customers.The council's chairman, B. Munir Samsoedin, told journalists here that the earthquake policy, offered as a separate package, is...

Rights official meets Ujungpandang students

Rights official meets Ujungpandang students JAKARTA (JP): The secretary-general of the National Commission on Human Rights, Baharuddin Lopa, tried yesterday to bring calm to Ujungpandang, South Sulawesi, where student protests of government-decreed bus fare hikes have officially left three people...