Indonesian Political, Business & Finance News

Archive: 14 May 1996

48 articles found

Industry's global mart role boosted

Industry's global mart role boosted JAKARTA (JP): The government is fully committed to providing support for the country's industry to play a larger role in the global market, President Soeharto said yesterday.

TV executives criticize broadcasting bill

TV executives criticize broadcasting bill JAKARTA (JP): Private television station executives said yesterday that the broadcasting bill currently being deliberated fails to anticipate long-term developments in the electronic media as the bill originally set out to do.

Freeport pioneers green audit

Freeport pioneers green auditBy Otto Soemarwoto JAKARTA (JP): Minister of Environment Sarwono Kusumaatmadja has recently announced the results of PT Freeport Indonesia's environmental audit conducted by Dames & Moore. This was the first time that an environmental audit was made public.

Estimate of current account deficit revised upward

Estimate of current account deficit revised upward JAKARTA (JP): The Indonesian government has revised its prediction of the current account deficit for the current (1996/1997) fiscal year upward to US$8.7 billion from an earlier estimate of $6.9 billion.

Typhoon victims return home

Typhoon victims return home BANDAR LAMPUNG, Lampung: A total 54 families from Sumur Kucing village, Central Lampung, whose homes were demolished in a typhoon last month, have returned from their temporary accommodation, Antara reported yesterday.

Aussie artist to hold exhibition

Aussie artist to hold exhibition JAKARTA (JP): Robert Gander, an Australian painter currently living and working in Jakarta, plans to hold a solo exhibition beginning today and lasting until May 31.The exhibition will be open to the public from 8:30 a.m. to 3:30 p.m. every day.

The good and the bad of the Javanese calendar

The good and the bad of the Javanese calendarBy Mochtar Buchori JAKARTA (JP): The Javanese believe there are good days and bad days for everything. There are good moments and bad moments for every event. You should pick a good day to move into a new house, and never start a journey at noon.

Smoke screen

Smoke screen A strong correlation exists between school aged children with high levels of lead (in blood and bone marrow) and low intelligence, poor concentration skills and aggressive behavior.Anyone who travels the streets of Jakarta can see large buses virtually smothering school children with...

Australia vows to promote trade with Indonesia

Australia vows to promote trade with Indonesia JAKARTA (JP): Australian Deputy Prime Minister/Minister for Trade Tim Fischer made it clear yesterday that his government will not change its policy toward Indonesia and will further promote bilateral trade.

YLKI demands transparency in land-use policy

YLKI demands transparency in land-use policy JAKARTA (JP): Low-income earners have increasingly less access to land in the city due to the lack of transparency in land use and housing policy, said an executive of the Indonesian Consumers Foundation ((YLKI).Zumrotin K.

A more effective legislature

A more effective legislature We'd like to underscore the view expressed by Dr. Sudjati Djiwandono, a political observer of the Centre of Strategic and International Studies that "If the people's sovereignty still does not function optimally and the executive branch remains dominant, then the...

Argo Pantes raises loan

Argo Pantes raises loan HONG KONG (Reuter): PT Argo Pantes two-year term loan facility has been increased to US$30 million from US$25 million because of oversubscription, said the arrangers.The facility pays a margin of 200 basis points over the Singapore Interbank Offered Rate for direct lenders.

Balinese sociocultural values at stake

Balinese sociocultural values at stakeBy Winarta Adisubrata JAKARTA (JP): This paper on April 26 ran an article on the rapid changes in Bali brought on by tourism.The article, based on a seminar, quoted Udayana University professor Ida Bagus Adnyana Manuaba as saying that a large portion of Bali's...

Praiseworthy humility

Praiseworthy humility Economic strength is an essential determinate of a nation's international influence. For example, economic strength helped make the United States an integral part of the world economy.After Japan and Germany, the next economic powerhouse is probably Southeast Asia.

Green consumers' organization established

Green consumers' organization established JAKARTA (JP): A new consumers organization focusing on the environment was established last month. The goal is clear: to establish a society of consumers with environmental awareness.

Aussie warships visit Ujungpandang

Aussie warships visit Ujungpandang UJUNGPANDANG, South Sulawesi: The guided missile frigates HMAS Adelaide and HMAS Canberra are currently here on a four-day goodwill and operational stopover, Antara reported yesterday.Mayor Malik B. Masry yesterday received the commanders of the two warships, Capt.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 13, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 725 0 65,000 Andayani Megah 1,475 -25 174,000 Aneka...

RI school system unable to tackle future challenges

RI school system unable to tackle future challenges JAKARTA (JP): A senior government official expressed doubts yesterday about the ability of the country's education system in preparing the nation to meet the challenges of the future.

APEC delegates named

APEC delegates named MANILA (AFP): Twelve of the 18 APEC member economies have named representatives to a high-level panel that will advise the regional grouping on hastening trade and investment liberalization, an official statement said.

Fake phone cards producer nabbed

Fake phone cards producer nabbed JAKARTA (JP): Central Jakarta police have arrested a 23-year- old man believed to have produced and distributed thousands of fake phone cards.City Police Spokesman Lt. Col.

Sisindosat plans expansion

Sisindosat plans expansion JAKARTA (JP): PT Sisindosat Lintasbuana, a subsidiary of PT Indosat, plans to become a multimedia content provider rather than just providing telecommunications and information technology services as it does at present.

Tokyo's response to Indonesian car policy criticized

Tokyo's response to Indonesian car policy criticized JAKARTA (JP): President Soeharto's youngest son, Hutomo Mandala Putra, yesterday criticized Japan for its response to a government ruling that favors his auto company.

Errant teachers in Flores

Errant teachers in Flores KUPANG, East Nusa Tenggara: The regencies of East Flores and Sikka employ many teachers with behavioral problems, some of whom may soon face dismissal, Antara reported yesterday.

Dubbing

Dubbing I'm glad the Armed Forces is against the idea of dubbing English programs on TV (The Jakarta Post, May 11, 1995).I realize that dubbing foreign programs into Indonesian could have a positive effect on the development of the language.

Pino almost certain to skip Olympic Games

Pino almost certain to skip Olympic Games JAKARTA (JP): Indonesia's middleweight boxer, Pino Bahari, is almost certain to miss the Atlanta Olympic Games in July due to a worsening spinal injury."The injury has prevented Pino from undergoing the training program, which in turn reduces his aerobic...

Business interests may eclipse nationalism: Edi

Business interests may eclipse nationalism: Edi JAKARTA (JP): Minister of Defense and Security Edi Sudradjat warns the nation against the possibility that nationalism may become eclipsed by business interests.

Murder suspect avows his innocence

Murder suspect avows his innocence JAKARTA (JP): The prime suspect in the Bambu Apus murders said yesterday he would prefer to die rather than be punished for something he had not done."I ask you God to mete out the death penalty to me in this court or seven generations of suffering for my...

Indonesia drafting new investment law

Indonesia drafting new investment law JAKARTA (JP): State Minister for Investment Sanyoto Sastrowardoyo said yesterday that the government is drafting a new investment law in line with the principles of the World Trade Organization (WTO).

Thai fishermen to be deported

Thai fishermen to be deported MEDAN, North Sumatra: Belawan port officials are impatient to deport the 55 Thai fishermen arrested on February, 19 of whom are suspected of being HIV positive, but are being stumped by document problems.

'No more loitering'

'No more loitering' BOGOR, West Java (JP): As many as 150 civil servants were "arrested" by a disciplinary team for loitering during working hours yesterday."They will be handed over to their superiors in their respective offices," he said, without mentioning the punishment the violators could...

Gay hotline

Gay hotline You may know that we are a gay organization that publishes the magazine GAYa NUSANTARA and undertakes an effective HIV/AIDS prevention program. We have always held your paper in high regard in terms of your commitment to educating the public on HIV/AIDS issues as well as issues relating...

The connection

The connection On a recent excursion to this year's computer exhibition at the Jakarta Convention Center, I became more and more confused as I talked to the Internet provider advertising their products.

Eddy Tansil may be in Hong Kong, Oetojo says

Eddy Tansil may be in Hong Kong, Oetojo says JAKARTA (JP): Minister of Justice Oetojo Oesman said yesterday there is a great possibility that convicted businessman Eddy Tansil, for whom the authorities have launched a massive manhunt, is in Hong Kong.

Ford motor fined $20,000 for violating FIA rules

Ford motor fined $20,000 for violating FIA rulesBy Robert Soelistyo MEDAN, North Sumatra (JP): Victorious Ford Motor Company was fined US$20,000 for breaking FIA rules during the World Rally Championship which concluded here on Sunday.

Two armed robberies occur within 13 hours

Two armed robberies occur within 13 hours JAKARTA (JP): Two armed robberies took place in the city within 13 hours, leaving four people injured. More than Rp 50 million in cash was stolen and at least three cars were damaged.The first robbery took place at around 9:30 p.m.

Astra ranks 19th among most admired firms

Astra ranks 19th among most admired firms JAKARTA (JP): The rank of PT Astra International shot up but that of Garuda Indonesia fell sharply on the 1996 List of Most Admired Companies based on an annual survey conducted by the Hong Kong-based Asian Business magazine.

Over 5,000 athletes to join National Games

Over 5,000 athletes to join National Games JAKARTA (JP): A total of 5,049 athletes from the country's 27 provinces have qualified for 35 events in the National Games here from Sept. 9 to Sept. 20, the organizers say.

Intellectuals confused over second awakening

Intellectuals confused over second awakening JAKARTA (JP): As Indonesia prepares to celebrate national awakening day next week, philosophers and historians have questioned whether Indonesia can ever be swept by such passion again, as the government hopes it can be in the cause of development.

Loan for RI copper plant

Loan for RI copper plant TOKYO (AFP): Bank of Tokyo-Mitsubishi Ltd. said yesterday it would provide, along with Japanese and British banks, a loan of US$410 million for Indonesia's first copper smelting project.

Interference in land disputes criticized

Interference in land disputes criticized JAKARTA (JP): A city council commission criticized the Central Jakarta mayor for having issued orders to demolish 40 houses in Kebon Kacang, whose owners were disputing the matter with a private company.

Ismail fears his party is heading for last place in poll

Ismail fears his party is heading for last place in poll JAKARTA (JP): Chairman of the Moslem-oriented United Development Party (PPP) Ismail Hasan Metareum expressed concern yesterday that his party will end up a wooden spoon in the 1997 general election.

SE Asian park body meet to make regional action plan

SE Asian park body meet to make regional action plan CISARUA, West Java (JP): The Commission on National Parks and Protected Areas for South East Asia (CNPPA-SEA) started a five- day meeting here yesterday aiming at developing a regional action plan for effective management of protected areas.

PDI warned of state chaos, power abuses

PDI warned of state chaos, power abuses JAKARTA (JP): Dozens of pro-democracy activists staged a noisy protest at the House of Representatives yesterday, denouncing what they called the "rising incidence of state violence" and the "widespread abuse of power".

Lonely hearts attend Yasco's all-night ball

Lonely hearts attend Yasco's all-night ball JAKARTA (JP): Some 200 singles attended an all-night ball held by the Scorpio Foundation (Yasco) on Saturday. About 150 women and some 50 men were among the hopefuls of meeting their partners for life.

$64b needed for infrastructure projects

$64b needed for infrastructure projects JAKARTA (JP): Indonesia needs at least US$64 billion in new investment in the next five years to develop its infrastructure, according to Peregrine Investments Holdings Limited.

Students hold classes in hall

Students hold classes in hall SOASIO, Maluku: Around 120 children at the Teluk Buli Wayamli transmigration site, Central Halmahera, have to hold classes in a ramshackle village hall because there's no school building, Antara reported yesterday.

A coalition for India

A coalition for India With no single party achieving a majority win in the ongoing general elections to end this month, India, the world's largest democracy, is certain to be ruled by a coalition government.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Song 3:05 Children Program 3:30 TV Series: Beyond Tomorrow 4:00 News: Lintasan Berita 4:05 Science: The Great Deep of Century 4:30 Culture 5:00 Regional News 5:30 English Lesson 6:05 Nusantara, the Beloved Country: Bali 6:15 Village...