Indonesian Political, Business & Finance News

Archive: 10 May 1996

63 articles found

One killed in landslide

One killed in landslide BENGKULU, Bengkulu: Bari, a resident in the Panorama subdistrict of Bengkulu, was buried alive in a landslide near a brick factory site, Antara reported.The body of the 35-year-old man was found last week by two fellow factory workers when they came to the landslide site.

ICRC quits mediatory role in hostage saga

ICRC quits mediatory role in hostage saga JAKARTA (JP): The International Committee for the Red Cross (ICRC) abandoned its role as a neutral intermediary after a final attempt yesterday failed to secure the release of 11 people held hostage for over four months by Irian Jaya rebels.

Students, citizens get free eyeglasses

Students, citizens get free eyeglasses JAMBI, Jambi: The National Awakening Day committee plans to provide 100 free pairs of eyeglasses for students and senior citizens, Antara reported yesterday.Chief organizer, Hasmi Muchtar, said the event on May 20 will also offer free health services, a poster...

Neonatal death rates high in W. Nusa Tenggara

Neonatal death rates high in W. Nusa Tenggara JAKARTA (JP): The practice of mothers feeding their newborn babies pre-masticated rice explains why the infant mortality rate in West Nusa Tenggara is much higher than the national average, a senior physician says.

Pulp producers' closure expected to push up prices

Pulp producers' closure expected to push up prices JAKARTA (JP): Pulp prices, which have been dropping since October, are likely to recover when 20 pulp manufacturers in the northern hemisphere close down later this year as expected, an executive says.

Mulia Industrindo expects 94% profit rise

Mulia Industrindo expects 94% profit rise JAKARTA (JP): PT Mulia Industrindo, a publicly-listed producer of ceramic tiles and glass products expects to book Rp 130 billion (US$55 million) in net profits this year, 94 percent above its 1995s figure of Rp 67 billion.

World Bank president visits Indonesia

World Bank president visits Indonesia JAKARTA (JP): World Bank President James D. Wolfensohn is due in Denpasar, Bali, today at the start of his five-day visit to Indonesia.The Ministry of Finance said in a statement yesterday that Wolfensohn is scheduled to meet with President Soeharto on May 15,...

RI-US program for street urchins

RI-US program for street urchins AMBON, Maluku: The Indonesian Christian University is hoping to cooperate with a United States non-governmental organization to develop programs to assist street children, Antara reported yesterday.Rector M.K.J.

RI faces tough rowing qualifier

RI faces tough rowing qualifier JAKARTA (JP): Asian countries whose names end with -stan stand between Indonesia and a place in the Olympic kayaking competition, according to Indonesian Rowing Association chairman Basoeki.

Naming streets after Ibu Tien

Naming streets after Ibu TienFrom Bisnis IndonesiaTo honor the late Ibu Tien Soeharto and her services to the country and mankind, I would like to propose to the House of Representatives that the first lady be declared a Wanita Patriot Pembangunan (Patriotic Woman of Development) and that a street...

YLBHI parties meet to solve leadership rift

YLBHI parties meet to solve leadership rift JAKARTA (JP): Indonesian Legal Aid Foundation (YLBHI) activists from all over the country began their three-day meeting yesterday which will attempt to end the organization's leadership rift.Mulyana W.

Telecommunications firms reach for the stars

Telecommunications firms reach for the stars JAKARTA (JP): The business angle of Star Wars continues this year with a vengeance in Asia, with dozens of satellites scheduled to be launched over the continent.

London Sumatra to offer 38.8m shares

London Sumatra to offer 38.8m shares JAKARTA (JP): PT PP London Sumatra Indonesia (Lonsum) will sell 38.8 million new shares to the public next month to raise funds for its expansion projects.Lonsum's president, Geoffrey Brown, said yesterday that the shares to be offered will represent 19.

Pugilist Pino not to undergo surgery

Pugilist Pino not to undergo surgery JAKARTA (JP): Middleweight Pino Bahari does not need surgery for his spinal injury, but his return to the Olympic Games in Atlanta this July remains in doubt, a sports official has said."We will take conservative measures to help him recover.

Citibank signs labor deal

Citibank signs labor deal JAKARTA (JP): The management of Citibank and the bank's labor union signed yesterday a collective labor agreement.The signing of the 10th collective labor agreement in the labor union's 19-year history was held at the bank's Landmark Tower B branch, Jl. Jend. Sudirman.

Daihatsu trucks in Vietnam

Daihatsu trucks in Vietnam TOKYO (AFP): Japan's Daihatsu Motor Co. Ltd. said yesterday it had started production of medium-sized pick-up trucks at a joint venture in Vietnam with a local partner and Indonesia's Astra group.Daihatsu, an affiliate of Japan's top car maker Toyota Motor Corp.

Indonesia, Madagascar discuss medicine trade

Indonesia, Madagascar discuss medicine trade CIBITUNG, West Java (JP): Indonesia has expressed its readiness to export generic medicines to Madagascar.Director General for Drug and Food Control Wisnu Katim said here yesterday that Indonesia already exports medicines to countries such as Myanmar,...

Hong Kong firm eyes RI's cellular phone business

Hong Kong firm eyes RI's cellular phone business JAKARTA (JP): Hong Kong business group Hutchison Whampoa Ltd is looking for a niche in Indonesia's lucrative cellular mobile telecommunications business.

ASEAN moves slowly on rights mechanism

ASEAN moves slowly on rights mechanism YOGYAKARTA (JP): The Association of Southeast Asian Nations (ASEAN) has failed yet again to keep its oft-repeated promises to establish a mechanism for the promotion of human rights in the region.

Eddy Tansil's escape

Eddy Tansil's escape The prison escape of Eddy Tansil is attracting considerable attention because it concerns a criminal who caused a loss of Rp 1.3 trillion to the country. A number of government and judiciary officials were implicated in the case, which also saw four former board members of...

Japanese firm eyes SEAG role

Japanese firm eyes SEAG role JAKARTA (JP): Japanese advertising agency Hakuhodo has announced it is interested in taking part in the fund-raising program for the 19th Southeast Asian Games here next year.

Reform of the financial sector

Reform of the financial sector The following article is based on a paper presented by Dr. J. Soedradjad Djiwandono, the Governor of Bank of Indonesia in the 29th Asian Development Bank Annual Meeting Seminar on Financial Sector in Transition held on April 29, 1996 in Manila.

Games coupons not compulsary

Games coupons not compulsary JAKARTA (JP): Jakartans can refuse to pay for National Games coupons, the deputy governor for social welfare affairs, R.S. Museno, said yesterday."People are not forced to buy the coupons. It is absolutely a voluntary activity," Museno said.

The Hague considers asylum for Irianese

The Hague considers asylum for Irianese JAKARTA (JP): The Hague is studying a request for political asylum filed by six Irianese holed up at the Dutch embassy since Wednesday, a Dutch diplomat said yesterday.

IPTN seeks aircraft parts from local firms

IPTN seeks aircraft parts from local firms BANDUNG, West Java (JP): State-owned aircraft manufacturer PT IPTN's plan to produce 63 N-250 aircraft per year in the 2000s will require local industries to supply parts for the firm, the company's production director said yesterday.

Ericsson wins RI order

Ericsson wins RI order STOCKHOLM (Reuter): Swedish telecoms giant LM Ericsson AB said yesterday it had won a 1.0 billion crown order from PT Excelcomindo Pratamato, a new Indonesian GSM operator, to expand a GSM network.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 9, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 725 0 0 Andayani Megah 1,475 -50 941,000 Aneka Kimia Raya...

What has gone wrong with PT Freeport?

What has gone wrong with PT Freeport? Freeport, the giant mining company which operates in Irian Jaya, has been in the news in recent months following a riot in Timika. T. Mulya Lubis suggests that the company take into account the locals' need and aspirations and change its approach.

TV today

TV todayTVRI 2:30 p.m. My Country 3:05 Teenage Program: Indonesian Teenager 3:30 TV Series: Fresh Prince of Bell Air 4:05 TV Series: Emergency Call 4:30 Quiz: Cerdas Cermat 5:00 Evening News 5:30 Business Program 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: West Java 6:15 Village...

Public transport permits revoked

Public transport permits revoked JAKARTA (JP): The city land transportation agency has decided to temporary revoke the operational permits of 51 public transportation vehicles.The agency's head of public transportation department, Orianto, said on Wednesday that the step is being taken because...

Fostering simpletons

Fostering simpletons The last sentence of the May 8, 1996 editorial of The Jakarta Post reflects the silly state of our press: "...proper control and supervision of state employees."Let me explain briefly, having been around since 1968 after studying in Germany and being involved in industry.

RI gold output jumps

RI gold output jumps SYDNEY (Reuter): Gold production in Indonesia jumped to 74.1 tons in 1995 from 55.3 tons in 1994, Gold Fields Mineral Services said in its annual gold industry review.Gold Fields attributed the increase to expansions at Freeport McMoRan Copper & Gold Inc's Ertsberg/Grasberg...

Life in the highrise apartments

Life in the highrise apartments JAKARTA (JP): One day recently in Tanah Abang, Central Jakarta, apartment occupants were alarmed at the commotion coming from the top of one of the blocks.They looked up and saw a man working on his unit -- he was building an additional story to his 36-square-meter...

Coordination sought to end school brawls

Coordination sought to end school brawls JAKARTA (JP): Coordinating Minister for Political Affairs and Security Soesilo Soedarman yesterday convened a special meeting to discuss ways to end brawling at schools, which has become a major headache for City administrators.

Post writers win awards

Post writers win awards JAKARTA (JP): Two film reviews published by The Jakarta Post won prizes in a film critics contest held by Jakarta Media Communication.Dini S. Djalal's article The American President: Staring at the White House through Rose-tinted Glasses, which was published on March 12, won...

Razaleigh ends rivalry with PM Mahathir

Razaleigh ends rivalry with PM Mahathir KUALA LUMPUR (Agencies): Malaysian opposition strongman Tengku Razaleigh Hamzah said yesterday he was ready to return to Prime Minister Mahathir Mohamad's party, ending nine years of bitter political rivalry between the two.

ASEAN lobbies for India and Myanmar in ARF

ASEAN lobbies for India and Myanmar in ARFBy Meidyatama Suryodiningrat YOGYAKARTA (JP): Indonesia, on behalf of the seven states of the Association of Southeast Asian Nations (ASEAN) is lobbying for the admission of India and Myanmar to the ASEAN Regional Forum (ARF), while leaving other...

Singatronics quits Batam

Singatronics quits Batam SINGAPORE (Reuter): Singatronics said yesterday that its wholly owned subsidiary, PT Singatronics Batam, will cease its contract manufacturing business in Batam, Indonesia.It said in a statement the decision to close the loss-making operation resulted from rationalization...

Province potential trouble spot

Province potential trouble spot MATARAM, West Nusa Tenggara: Maj. Gen. H.A. Rivai, chief of the local security agency, says the province has the potential for social and political tension, Antara reported yesterday.

Jailbird pursued

Jailbird pursued DILI, East Timor: The authorities are still searching for Jose da Costa, a Dili prison inmate who escaped during a riot in January, Antara reported.Benny J. Mathaus, chief of the Ministry of Justice's provincial office, said here last week that the manhunt would continue until Da...

Indosat enhances its performance

Indosat enhances its performance JAKARTA (JP): As the primary provider of international telecommunications services in Indonesia, PT Indonesian Satellite Corporation (Indosat) is working to strengthen its market leadership in the country while developing a global presence through increased...

Sticky business

Sticky business It seems to be the National Logistics Agency's (Bulog) turn now to get its hands sticky helping the state-owned IPTN aerospace company. The agency has agreed to buy about 110,000 tons of glutinous rice while Thailand is in turn to procure two CN-235 airplanes from IPTN.

Students continue protests in a show of solidarity

Students continue protests in a show of solidarity JAKARTA (JP): University students in three cities continued with their massive show of solidarity for fellow students who died in recent rioting in Ujungpandang, South Sulawesi.

Medan Rally set to test the world's drivers skills

Medan Rally set to test the world's drivers skillsBy Robert Soelistyo MEDAN, North Sumatra (JP): Rain that turns the gravel roads into slippery, muddy dirt-tracks looked to be the first obstacle for rally drivers to overcome in the FIA World Rally Championship due to start here this morning.

VDSAT to continue project

VDSAT to continue project CIANJUR, West Java (JP): Property company PT Villa Del Sol Agro Tourism (VDSAT) is to continue the construction of an agro- tourism project in Cikanyere village, Pacet district, Cianjur regency, West Java, after heavy rain put work on hold last year.

Women's group calls for red-light district removal

Women's group calls for red-light district removal JAKARTA (JP): Women's organizations are pressing the city administration to move the prostitution complex from the Kramat Tunggak area, North Jakarta."We want to present an official request to the House of Representatives to move the prostitution...

Saudis plan for close business ties

Saudis plan for close business ties JAKARTA (JP): A Saudi business delegation led by Minister of Industry and Electricity Hashem Abdullah Yamani ended its three- day mission here yesterday with a commitment to increasing two- way trade and investment with Indonesia.

Suspected motorcycle thief shot dead

Suspected motorcycle thief shot dead JAKARTA (JP): A suspected vehicle thief was shot to death by a motorcycle owner, a police sergeant, at a housing complex in Rawabadak in North Jakarta yesterday morning.

Lippo Karawaci going public after delay

Lippo Karawaci going public after delay JAKARTA (JP): PT Lippo Karawaci, a township developer in Tangerang, West Java, is finally to sell 30.8 million new shares or around 8 percent of its enlarged stocks to the public early next month after a year of delay.

On dubbing

On dubbing Ms. Lala is right. The notion to dub movies is perplexing (The Jakarta Post, May 8, 1996). How could the minister of education and culture even have come up with this idea?My own opinion is that some English words cannot be translated into Indonesia, therefore the meaning will be changed...

Palapa-C1 and C2 major milestones:

Palapa-C1 and C2 major milestones: April 1993: Satellite manufacture contract awarded to Hughes of the United States June 1993: Launch service contract awarded to Arianespace for Palapa-C1 June 1993: Telesat Canada selected as Satelindo's adviser August 1993: Preliminary design review March 1994:...

Property firm's profits up

Property firm's profits up JAKARTA (JP): Publicly-listed PT Jaya Real Property announced yesterday that its net profits last year increased by 18 percent to Rp 109 billion (US$46 million) over the previous year.

MIM to sell oil, gas business

MIM to sell oil, gas business SYDNEY (Reuter): Australia's MIM Holdings Ltd said yesterday it had decided to sell its oil and gas interests.MIM manager of corporate affairs Collin Myers told Reuters the company had not placed a sale price on the assets, which mainly comprise of oil and gas...

Sydney newspaper reopens bureau here

Sydney newspaper reopens bureau here JAKARTA (JP): The Sydney Morning Herald has reopened its bureau in Jakarta after a 14-year hiatus which was caused in part by a long running feud between the Indonesian government and the Australian media.

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,...

World War II explosives found

World War II explosives found BOJONEGORO, East Java: While breaking ground to construct his house in Sumodikaran village, a man stumbled upon 113 explosives of various kinds and sizes, possibly left over from the Second World War, Antara reported.

RI should start professional ballet company: Tamara

RI should start professional ballet company: TamaraBy Mariam Sutalaksana JAKARTA (JP): A former principal dancer for Martha Graham company, Helen McGehee, once said, "You don't choose dance, it chooses you.

Coping with development problems in Irian Jaya

Coping with development problems in Irian JayaBy Bambang Widjojanto JAKARTA (JP): What has gone wrong with development in Irian Jaya, Indonesia's most-eastern province?Its economy is growing by 8 percent to 10 percent in the 1990s, its infrastructure is expanding and the number of schools in the...

Where to go in Bali:

Where to go in Bali:Music and entertainments * 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.

Primavera players lead stars war poll

Primavera players lead stars war poll JAKARTA (JP): National players who formerly joined the Italian training program Primavera yesterday dominated the votes conducted by the Indonesian Football Association prior to the league's second Stars War at the Senayan stadium on Sunday.

Bulog supports futures commodity trading plan

Bulog supports futures commodity trading plan JAKARTA (JP): The National Logistics Agency (Bulog) is to take part in the planned futures commodity exchange, which is expected to help it in its role to secure adequate foodstuffs for the domestic market, its chief Beddu Amang said yesterday.

Adi questioned over collusion in Supreme Court

Adi questioned over collusion in Supreme Court JAKARTA (JP): The Supreme Court's internal supervision team, established to probe allegations that a group of its judges accepted Rp 1.4 billion (US$600,000) to acquit a defendant, finally interviewed whistle-blower Adi Andojo yesterday.

Suspects named in jailbreak

Suspects named in jailbreak JAKARTA (JP): Police yesterday named nine more suspects in their investigation into the escape of businessman Eddy Tansil from a Jakarta jail, bringing the total number of people under investigation to 11.