Indonesian Political, Business & Finance News

Archive: 18 May 1996

59 articles found

Glamorous Escada goes couture, and so does its prices

Glamorous Escada goes couture, and so does its prices JAKARTA (JP): Glamor and elegance was the theme of the Escada Couture Fall/Winter 1996/1997 collection fashion show tour here last Friday.Jackets matched with simple little dresses, skirts or trousers were offered in a wide selection of...

Soeharto asks large businesses to end monopolies

Soeharto asks large businesses to end monopolies JAKARTA (JP): President Soeharto yesterday called on large businesses to stop their monopolistic practices as they are at odds with the country's constitution.

Private sector asked to help draft action plan for APEC

Private sector asked to help draft action plan for APEC JAKARTA (JP): The government has urged the private sector to play a bigger role in formulating Indonesia's individual action plan which will be proposed to APEC leaders in their fourth summit in November and identify opportunities in other...

Tunky dismisses Japan's threat on car project

Tunky dismisses Japan's threat on car project JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo said that the government will go ahead with its controversial national car project despite the Japanese threat to approach the World Trade Organization (WTO) about it.

Bakrie Electronics secures $50m loan

Bakrie Electronics secures $50m loan HONG KONG (Reuter): PT Bakrie Electronics Co, a telecommunication joint venture between the Bakrie Group and PTT Telecom BV of the Netherlands, has successfully completed a four- year US$50 million term loan facility, said arranger Sakura Merchant Bank Singapore.

WB calls for greater RI openness and competition

WB calls for greater RI openness and competition JAKARTA (JP): The 1996 World Bank report on Indonesia devotes a special chapter to the issue of transparency and competition which it says is crucial for improving the quality of growth in the country's economy.

Citatah to be first company to go public this year

Citatah to be first company to go public this year JAKARTA (JP): PT Citatah, a marble producer, said yesterday that it will offer 44 million shares or 35 percent of its enlarged capital to the public to raise funds of about Rp 110 billion (US$46.8 million).

Open debate

Open debate I think a debate is always a good thing, as your readers of this column know. But the letter An Indonesian angle (The Jakarta Post, May 8, 1996) will not get a reply from me because I do not engage in debates with anonymous readers.

Saraswati and Jualita witnessed friends being chopped to death

Saraswati and Jualita witnessed friends being chopped to death JAKARTA (JP): Adinda Saraswati and Jualita Tanasale Lauren, survivors of the four month hostage drama, recalled their nightmares during captivity.

Rp 11m stolen from department store

Rp 11m stolen from department store JAKARTA (JP): Thieves have stolen Rp 11 million (US$4,700) in cash and a bundle of clothes from the Ramayana department store on Jl. Wahid Hasyim, Central Jakarta."The police are questioning six Ramayana employees, including two security guards and a warehouse...

U.S. parties see human rights as important issue

U.S. parties see human rights as important issue JAKARTA (JP): Observers of American politics said yesterday that whether a Republican or a Democrat is elected to the White House in November, human rights will continue to feature in relations between Jakarta and Washington.

TV today

TV todayTVRI 2:30 p.m. Travel: Wajah Negeriku 2:35 TV Series: Gaiking 3:00 News: Lintasan Berita 3:30 Sports 4:05 TV Series: Out of Blue 4:30 Science Film 5:10 Evening News 5:30 Environment: Mengenal Lingkungan 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: South Kalimantan 6:15...

Irian tribal chief files suit against Freeport again

Irian tribal chief files suit against Freeport again JAKARTA (JP): An Indonesian tribal leader announced yesterday he had refiled his US$6 billion class action suit against Freeport-McMoRan Inc., charging the American mining company with environmental and cultural destruction.

In step with the times

In step with the times As many as 12 members of the Indonesian Armed Forces will be put before a military tribunal. It is considered that the 12 soldiers reacted excessively in facing student demonstrators, who were protesting the increase in public transport fares, in Ujungpandang.

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,...

The strength of the President

The strength of the President I followed the whole coverage of the funeral of First Lady Tien Soeharto on the national television station. I was deeply moved by President Soeharto at the ceremony. He looked very mournful for he had lost his beloved one. Mrs. Tien had been part of his life.

Tirto Utomo Cup changed to Pro Am

Tirto Utomo Cup changed to Pro Am JAKARTA (JP): The annual Tirto Utomo Memorial Cup will be changed into a Pro Am national tournament next year and will be contested on a monthly basis.Arifin Hutabarat, the spokesman of the tournament, said that the tournament would be jointly conducted with other...

Many workers dismissed

Many workers dismissed BANDUNG: More than 5,600 workers in West Java have been dismissed in the past six years for various reasons, a local official said Wednesday.The number only includes dismissals reported to the provincial manpower office between 1989 and March 1996, chief of the West Java...

Hawk fighters arrive safely

Hawk fighters arrive safely PEKANBARU, Riau: Air Force Chief of Staff Rear Marshall Sutria Tubagus greeted the arrival of three of 24 expected new fighters at the local Air Force base yesterday.Antara reported that the three fighters were flown from England by Lt. Col.

PDI demands changes in electoral law

PDI demands changes in electoral law JAKARTA (JP): The minority Indonesian Democratic Party (PDI) vowed yesterday to press ahead with its demand for revision of the electoral law, which it considers "undemocratic".

Police to tighten net over gamblers

Police to tighten net over gamblers PALU, Central Sulawesi: The provincial administration is keeping an eye for a number of employees alleged to have been frequenting gambling parlors, Antara reported yesterday.

Exam results invalidated

Exam results invalidated PEKANBARU, Riau: The provincial education office has invalidated the results of examinations held at local junior high schools from May 13 to May 15 following reports of leakage of test materials.Antara reported that the head of the local education office O.K.

Botanical garden's 179th anniversary

Botanical garden's 179th anniversary BOGOR, West Java (JP): The 179th anniversary of the Indonesian Botanical Garden will be celebrated today with a cleanliness campaign."Many visitors are not aware of the need to keep the garden clean.

65,500 apply to state universities

65,500 apply to state universities JAKARTA (JP): As many as 65,500 students are expected to take part in the state university entrance tests in Jakarta this year, an official says.Speaking at a press conference at the University of Indonesia campus yesterday, Tadjudin, the chairman of the Group A...

Finance firm gets loan

Finance firm gets loan JAKARTA (JP): PT Putra Surya Multifinance (PSM) of the PSP Group yesterday signed an agreement on a syndicated loan worth US$28 million in Nusa Dua, Bali.The company said in a statement here that American Express Bank lead-managed the loan syndication.

S'pore gas import studied

S'pore gas import studied SINGAPORE (AFP): Eleven foreign firms have bid to become Singapore government consultants looking into importing natural gas in liquefied or piped form for power stations and households, an official said.

'Indonesians face dehumanization'

'Indonesians face dehumanization' SEMARANG (JP): Two philosophers are speaking out against modernization brought about by economic development, and the resulting "dehumanization" that Indonesians now face.

RI allocates crude for sale

RI allocates crude for sale SINGAPORE (Reuter): Indonesia's state-owned oil firm, Pertamina, has allocated about 200,000 barrels per day (bpd) of crude oil in June, down from 220,000 bpd in May, industry sources said yesterday.Traders were mostly expecting the allocations to be unchanged from May.

Alan's victory saves the day for Indonesia

Alan's victory saves the day for IndonesiaBy Arif Suryobuwono HONG KONG (JP): Alan Budikusuma was Indonesia's toast of the town after denying what would otherwise have been China's 3-2 win on the first day of the Thomas Cup men's team badminton championship finals here yesterday.

Debate over music royalty system resurfaces

Debate over music royalty system resurfacesBy Johannes Simbolon JAKARTA (JP): Good news! The song You Came into My Life, which was co-written by Indonesian songwriters Titiek Puspa and James F. Sundah and Scorpions members Rudolf Schenker and Klaus Meine, will be available to international...

Flyover needed

Flyover neededFrom Media IndonesiaI hope that the governor will spare a little of his time to observe the situation at Jl. Pramuka, especially in the morning. He will witness a frightening scene as many school children try to cross the road to get to school.

BWA's fashion show sets a new trend

BWA's fashion show sets a new trendBy Thalia Kamarga JAKARTA (JP): A group of Jakartans have discovered a new, unique way of presenting a fashion show.Consisting of several little acts/dancing sessions along with interesting selections of music -- from Let's Hang On from The Manhattan Transfer to...

Man arrested for drug possession

Man arrested for drug possession JAKARTA (JP): West Jakarta police arrested a man for possession of a variety of banned drugs in a street operation early yesterday morning.The police also seized two pocketknives from the suspect, identified as Wahyudin, 52, who was driving a Feroza jeep, when he...

Late Paper

Late Paper Due to problems at the printers, many of our Jakarta readers received The Jakarta Post late. We apologize for the inconvenience. -- Publisher

WB calls for more transparency

WB calls for more transparency JAKARTA (JP): The World Bank is urging Indonesia to tighten its fiscal and monetary policies and introduce more transparency and competition in all sectors to minimize the risks of overheating and a fall in investor confidence.

Setting toll road rates

Setting toll road rates The disclosure that the government plans to raise Jakarta's toll road fees again in June, after only eight months, gives rise to questions about the mechanisms by which the rates are set.

Hanoi, RP against China's claim

Hanoi, RP against China's claim HANOI (Agencies): Vietnam turned up the volume yesterday over its claim to sovereignty of two disputed island chains in the South China Sea.Official media quoted a foreign ministry statement that said China's claims to the Paracel and Spratly islands -- seen as...

Sembawang Internet unit

Sembawang Internet unit SINGAPORE (Reuter): Sembawang Media Pte Ltd, a subsidiary of Sembawang Corp, said yesterday it launched a business unit to sell Internet services to companies.The company, Contact Sembawang Media, will market Internet and "Intranet" (inter-company and intra-company) products...

Traditional art

Traditional artFrom MerdekaThe increased broadcast of the traditional arts on private TV stations is most welcome. The community has been looking forward to watching the traditional arts, which has become a national asset.

E. Java students may lose voting rights

E. Java students may lose voting rights SURABAYA (JP): Thousands of students at Islamic boarding schools and universities in East Java may lose their voting rights in next year's general elections because registration officers have failed to take them down as eligible voters.

Malaysia says AFTA for most favored nations too

Malaysia says AFTA for most favored nations too KUALA LUMPUR (Reuter): A free trade area proposed by Southeast Asia will also grant non-tariff privileges to countries having most favored nation (MFN) status in the region, Malaysian Trade Minister Rafidah Aziz said yesterday.

American fugitive arrested in RP

American fugitive arrested in RP MANILA (AFP): An American, wanted in the United States for various sexual offenses, has been arrested in the Philippines, the Immigration Commissioner Leandro Verceles said yesterday.

Telkom's new bosses are elected smoothly

Telkom's new bosses are elected smoothly JAKARTA (JP): Shareholders of state-owned PT Telkom yesterday appointed the company's new boards of commissioners and directors and approved the management's plan to pay dividends of Rp 24.48 per share or US$0.21 per American Depository Share.

Father accused of raping children

Father accused of raping children JAKARTA (JP): The East Jakarta police are studying a housewife's report saying that her 40-year-old husband has raped their two teenage children repeatedly since they were at primary school.

Unemployment among the educated alarms Moerdiono

Unemployment among the educated alarms Moerdiono JAKARTA (JP): Minister/State Secretary Moerdiono expressed alarm at the high unemployment rate among college graduates, saying that joblessness among the educated is a serious problem.

More 300,000 made literate

More 300,000 made literate JAKARTA (JP): The Jakarta Military Command, in cooperation with the office of the Ministry of Education and Culture, has made 300,393 people living in Jakarta, Tangerang and Bekasi literate since last year.Lt. Col.

Pelti plans to introduce tennis league soon

Pelti plans to introduce tennis league soon JAKARTA (JP): The Indonesian Tennis Association will introduce selection tournaments for players bidding to form the nucleus of national teams for international events.

Japan, RP talk on APEC membership

Japan, RP talk on APEC membership TOKYO (AFP): Japan's Prime Minister Ryutaro Hashimoto and Philippine President Fidel Ramos acknowledged yesterday growing support for extending a three-year ban on APEC accepting new members, Jiji Press said.

'New prostitution complex must be well planned'

'New prostitution complex must be well planned' JAKARTA (JP): The new site for the relocated prostitution complex must be well planned, or the problems with the existing Kramat Tunggak district in North Jakarta would happen again, a councilor said.

Pelita Harapan links up with British university

Pelita Harapan links up with British university JAKARTA (JP): Privately-owned Pelita Harapan university has signed an agreement with the University of the West of England (UWE) to facilitate students and instructors exchanges.

Hostages freed

Hostages freed On Wednesday, the happy news reached us from Irian Jaya that most of the members of the 1995 Lorentz Expedition Team were freed by the Indonesian Armed Forces (ABRI) and were alive. The move by ABRI, which was code-named Operation Taskforce Bird of Paradise, was led by Army Brig.

Indonesia, China to fight it out in Uber Cup

Indonesia, China to fight it out in Uber CupBy Arif Suryobuwono HONG KONG (JP): Both defending champion Indonesia and China stand an equal chance of beating each other on the second day of the Uber Cup women's team badminton championship here today.

Hostage ordeal survivors attend friend's funeral

Hostage ordeal survivors attend friend's funeral JAKARTA (JP): The six European and three Indonesian survivors of the four-month hostage ordeal in Irian Jaya joined relatives and friends in mourning and burying Navy Panekenan, their fellow captive who was killed on Wednesday by the abductors as...

Residential area demolition postponed

Residential area demolition postponed JAKARTA (JP): The City Council has postponed the demolition of residents' houses in Kebon Kacang, Central Jakarta, as negotiations between councilors and the private developer behind the demolition are underway.

Prosecutors seek death penalty for murder suspects

Prosecutors seek death penalty for murder suspects JAKARTA (JP): Prosecutors told a court here yesterday that they are sticking with their indictment against a murder suspect and their demand for the death penalty.

Business school for women

Business school for women JAKARTA (JP): Beauty school Puspita Martha yesterday launched a management administration program for female executives, in cooperation with Labora management school.Martha Tilaar, founder of Puspita Martha, said the program aims to prepare Indonesian executives to compete...

Lontar gallery realizes 'Tempo's dream

Lontar gallery realizes 'Tempo's dream JAKARTA (JP): Tempo magazine no longer exists but its old dreams are still alive.Among its dreams was to build an integrated complex where the magazine's office stands, together with other facilities considered as important for those working for the press,...

Mall in Depok

Mall in DepokFrom Media IndonesiaDepok now has several stores: Hero, Robinson and Ramanda on Jl. Margonda Raya. Depok Mall is now being built exactly opposite Hero and Robinson. With the construction of this mall the traffic will inevitably worsen.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 17, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 625 -25 111,000 Andayani Megah 1,425 -50 171,500 Aneka...