Indonesian Political, Business & Finance News

Archive: 8 May 1996

54 articles found

Spotlight

SpotlightPhoto A: OngJP/ObyHAPPY BIRTHDAY: Prominent historian Onghokham (center) raises his hand before cutting his birthday cake. Ong's 63th birthday was celebrated by his closest friends including lawyer Adnan Buyung Nasution (left) and House member Sabam Sirait (third from right).

Govt called on to open up credit rating industry

Govt called on to open up credit rating industry JAKARTA (JP): Business analysts called on the government yesterday to open up the credit rating industry to support the country's growing market for short-term and long-term debt securities.

Tembaga Mulia's profits drop 85%

Tembaga Mulia's profits drop 85% JAKARTA (JP): PT Tembaga Mulia Semanan, a publicly-listed copper rod manufacturer, reported an 85 percent drop in its net profits to Rp 1.1 billion (US$469,684) last year, in spite of a substantial increase in its sales revenues.

Independent poll watchdog secures strong support

Independent poll watchdog secures strong support JAKARTA (JP): Despite the government's rejection of the Independent Election Monitoring Committee (KIPP), the group has secured strong support from five major student groups.

Poor facility

Poor facility I am writing to sympathize with Wiwik Damayanti, who told us in her letter of May 5 in The Jakarta Post of her bad experience at the car parking facilities of Hero, Maskumambang.I think this is a problem that Hero should address on a wide- scale basis, since the situation at...

Customer asks for status of blocked bank account

Customer asks for status of blocked bank account JAKARTA (JP): A customer of the Standard Chartered Bank here has asked the authorities to immediately explain the status of her account of Rp 1 billion which was blocked by the bank four months ago."We need clarification.

Pakuwon Jati to build a new shopping center

Pakuwon Jati to build a new shopping center SURABAYA, East Java (JP): A publicly-listed property developer, PT Pakuwon Jati, got its shareholders's approval to build a new shopping center here with a total investment of Rp 248 billion (US$105.8 million).

Taiwan's oil deals with RI

Taiwan's oil deals with RI TAIPEI (Reuter): Taiwan's state-run Chinese Petroleum Corp said yesterday it would sign three contracts for two oil units and one oil exploration project with Indonesia yesterday.

1983-1993 a critical period in RI's financial history

1983-1993 a critical period in RI's financial history Financial Sector Deregulation, Banking Development and Monetary Policy The Indonesian Experience 1983-1993 Binhadi Published by Indonesian Bankers Institute, 1995 Pp XXXIV + 540 JAKARTA (JP): From the years 1983 to 1993, no less than 11...

Kedah chief says asked to resign

Kedah chief says asked to resign KUALA LUMPUR (Reuter): The head of government in Malaysian Prime Minister Mahathir Mohamad's home state said yesterday he had only tendered his resignation because he was asked to do so.

'Priok residents must leave'

'Priok residents must leave' JAKARTA (JP): The operation to clear Jl. Agung Karya VI in North Jakarta will continue to make way for a water pipeline project, a public order official said yesterday.Boy Firman Syarir, the mayoralty official in charge of public order, told The Jakarta Post that the...

BII Plaza's 2nd tower completed

BII Plaza's 2nd tower completed JAKARTA (JP): A ceremony at BII Plaza, which was held on Monday, marked the completion of the top floor of the 36-story skyscraper.The construction of the second tower at BII Plaza, located on Jl.

Organda objects to non-AC bus removal

Organda objects to non-AC bus removal JAKARTA (JP): The chairman of the Land Transportation Owners Association, Organda, is against the idea of eliminating non-AC Patas express buses, saying that its members may go bankrupt if the idea is converted into an official decision.

21 foreigners to be deported for various violations

21 foreigners to be deported for various violations JAKARTA (JP): City Police have asked for the deportation of a total of 21 foreigners of various nationalities for a variety of document violations here over a period of 10 months.

Officials told not to hide zoning plans

Officials told not to hide zoning plans JAKARTA (JP): Vice President Try Sutrisno yesterday called on government officials to publicly expose national zoning plans in order to avoid people manipulating the plans for personal profit.

Syarwan

SyarwanCorrection: The rank of Armed Forces (ABRI) Chief of Sociopolitical Affairs Syarwan Hamid was wrongly mentioned as Maj. Gen. instead of Lt. Gen. in our photo caption yesterday on this page and on our main story on Monday. We apologize for the mistake. -- Editor

End to thesis requirement sets us one step back

End to thesis requirement sets us one step backBy Jennie Siat JAKARTA (JP): The recent decision of two major education institutions to drop the prerequisite of writing a thesis as part of a degree conferral has astonished many people.

WB approves $19m park loan

WB approves $19m park loan JAKARTA: The World Bank has approved a US$19.1 million loan to support the Indonesian government's effort to preserve the Kerinci Seblat national park in Sumatra.Indonesia needs about $46 million to protect the national park from agricultural encroachment, mining,...

Thesis writing aids students

Thesis writing aids studentsBy Mochtar Buchori JAKARTA (JP): One question being widely discussed these days is whether or not university students should be required to write a thesis paper at the end of their studies.

Democratization through evolution possible: Gus Dur

Democratization through evolution possible: Gus Dur SEMARANG (JP): A Moslem scholar says it is possible to achieve an open and democratic society, the nation's founding fathers' ultimate dream, without changing the structure of the state.

Violent youth

Violent youth A recent edition of Scientific American had in its brief reports reference to various studies that indicate a strong link between violent aggressive behavior in adolescents and high blood lead levels.

Religious radio stations question new bill

Religious radio stations question new bill JAKARTA (JP): Private radio stations belonging to religious groups are questioning a government-sponsored broadcasting bill and its attempt to regulate their programming.

Zafy Albert in Bali

Zafy Albert in Bali DENPASAR, Bali: Madagascar President Zafy Albert arrived here yesterday for a one-day unofficial visit to the famed tourist island.Albert's entourage, which includes his wife Therese Augustine Zafi, was welcomed by Bali Governor Ida Bagus Oka and local Army chief Brig. Gen.

Resources to lead RI's non-oil export drive: Hartarto

Resources to lead RI's non-oil export drive: Hartarto JAKARTA (JP): Indonesia's resource-based industries will remain the backbone of the country's non-oil exports in years to come, a senior minister said.

Santika secures foreign loans to build new hotel

Santika secures foreign loans to build new hotel JAKARTA (JP): PT Hotel Santika Nusajaya, the property division of media giant Kompas Gramedia Group, has secured loans from a number of foreign lending institutions to construct a four-star hotel in Central Jakarta.

WB to loan $26.8m to RI

WB to loan $26.8m to RI JAKARTA (JP): The World Bank has approved a $26.8-million loan for the Sulawesi agricultural area development project to help alleviate poverty in the province.The Washington-based bank said in a statement made available here yesterday that the project will be implemented...

Three Japanese questioned

Three Japanese questioned SEMARANG: Immigration officials here have been questioning three Japanese tourists who took part in an antinuclear demonstration in nearby Jepara on Sunday.The three Japanese, identified as Eri Kimura, 23, Sato Daisuke, 32, and a woman named Inoue Yoko, 27, took part in a...

Shipping sector gets value-added tax breaks

Shipping sector gets value-added tax breaks JAKARTA (JP): The government has exempted imports and domestic purchases of all types of ships, except those to be privately owned by individuals, from a 10 percent value-added tax.

Sentence for trigger-happy soldiers said 'too lenient'

Sentence for trigger-happy soldiers said 'too lenient' SURABAYA (JP): Relatives of the four Madurese shot dead while protesting against a government project in 1993 are unhappy with the punishment meted out to the trigger-happy soldiers.

Pramindo wins certificate

Pramindo wins certificate JAKARTA (JP): PT Pramindo Ikat Nusantara, a joint venture between France Telecom, the Astra Group and two other local partners, yesterday received its inter-connection test certificate in Medan, North Sumatra.

Government calls for restraint in wake of protests

Government calls for restraint in wake of protests JAKARTA (JP): The government yesterday appealed to all parties, including the university students who have taken to the streets these past two weeks, to refrain from engaging in any activities that could disturb peace and order.

RI to preserve local cultures

RI to preserve local cultures YOGYAKARTA (JP): Experts warned against the rapid flow of modernization "swallowing up" traditional cultures here, calling for "a management of culture with a vision".Representative of the United Nations Educational, Scientific and Cultural Organization (UNESCO)...

Project aid for telecoms

Project aid for telecoms JAKARTA (JP): PT Aria West International has signed an agreement with four leading arrangers to raise US$615 million in project finance facilities to finance the establishment of 500,000 telephone lines in West Java.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 7, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 725 0 0 Andayani Megah 1,525 50 2,318,000 Aneka Kimia...

Eddy Tansil escapes from prison

Eddy Tansil escapes from prison JAKARTA (JP): A bearded Eddy Tansil walked out of the Cipinang penitentiary with a new hairdo on Saturday night, but his escape was brought to the attention of Minister of Justice Oetojo Oesman just yesterday.

Late paper

Late paper As a result of problems at our printing shop, many of our Jakarta readers received their copies of The Jakarta Post late. We apologize for the inconvenience. -- The Publisher

Minimum wage

Minimum wage I would like to give some comments on regional minimum wage and overtime pay. The Manpower Ministry's decision Kep. 72/Men/1984 concerning overtime pay should be obeyed by employers.Jakarta Governor Surjadi Soedirdja has also urged companies in Jakarta to obey the government's new...

On noise pollution

On noise pollution The house in which we live is part of a complex that surrounds the old Pertamina assembly hall, now known as Gedung Wanita Patra.While I have nothing but good wishes for those who use this facility for weddings, meetings and so forth, I am completely at a loss as to why the...

Media and democracy

Media and democracy The House of Representatives this week began debating the long-awaited Bill on Broadcasting, a bill this nation urgently needs to provide a legal framework for the broadcasting industry.

Obituary

Obituary Sadjarwo Djarwonagoro, minister of agriculture during the Old Order administration of President Sukarno, died of heart failure in Jakarta on Monday. He was 78 years old.Antara reported yesterday that Sadjarwo had been treated for a month at the Pertamina Hospital for heart and lung...

Govt still controling PTP Agrintara

Govt still controling PTP Agrintara JAKARTA (JP): The debut of state plantation companies in developing downstream industries through their jointly-owned PTP Agrintara seem to be beset with government intervention, cost overruns and project delays and questionable deals.

Five more Puncak villas torn down

Five more Puncak villas torn down JAKARTA (JP): Five more buildings in Cisarua subdistrict in Puncak, Bogor will be demolished this week, Bogor Regent H.M. Eddie Yoso Martadipura said.After opening the first Bogor handicraft festival in Cibinong, some 30 kilometers south of Jakarta, the regent said...

1996 rice production may reach 51.16m tons

1996 rice production may reach 51.16m tons JAKARTA (JP): The government is optimistic that Indonesia will be able to achieve its target for this year's rice production of 51.16 million tons, a 2.6 percent increase over the 49.86 million tons reached last year.

Sydney losing touch with Dreamtime history

Sydney losing touch with Dreamtime historyBy Michael Perry SYDNEY (Reuter): Haunting aboriginal voices echo the names of Sydney's lost aboriginal clans in a sight-and-sound sculpture in the financial center of this city, but most workers hurry by oblivious to Sydney's black history.

Milk import ratio continues

Milk import ratio continues JAKARTA (JP): The government plans to continue applying an import-ratio policy of 1:2.4 for milk products for the first semester of this year.A statement issued by the Ministry of Agriculture's Directorate General for Animal Husbandry said yesterday that based on the...

Only 200 Javanese eagles left

Only 200 Javanese eagles left JAKARTA (JP): There are only about 200 Javanese eagles left in Indonesia, Director General of Nature Preservation and Forest Protection Soemarsono, said on Monday.The eagles (spizateus bartelsi) live in lowland plains and mountains up to 3,000 meters and are found in...

Prostitutes want trade union

Prostitutes want trade union JAKARTA (JP): The government is upset about the planned establishment of a trade union for some 200 prostitutes in the Silir red-light district in Surakarta, Central Java."The plan is irritating," said Director General of Tourism Andi Mappi Sammeng on Monday.

Indriyani's records lift Indonesia into world's elite

Indriyani's records lift Indonesia into world's elite JAKARTA (JP): Just like the young teenager David who saved his people after years of despair, Sri Indriyani snatched herself world laurels that has put Indonesia into weight lifting's elite.

An Indonesian angle

An Indonesian angle I refer to the correspondence on visas.Most countries require visas for entry, even Indonesia, to stop unwanted persons from countries lower on the development scale from entering and possibly overstaying their welcome.

Dubbing

DubbingFrom NeracaThe Minister of Education and Culture recently appealed to the state-owned and private television stations to translate the words of foreign films into Indonesian.I was perplexed by this idea because the era of globalization requires us to learn foreign languages, particularly...

Film, music and art at Jakfest '96

Film, music and art at Jakfest '96 JAKARTA (JP): The Jakarta Promotion Board will hold an international festival of arts and culture from May 20 to May 26.Fauzi Wibowo, the chairman of the organizing committee, said Jakfest '96 will feature dances, music and handicrafts from 18 countries, including...

German journalist to hold exhibition

German journalist to hold exhibition JAKARTA (JP): A photograpic exhibition entitled Nostalgia by German photographer Andre Gelpke is to be held at Galeri Foto Jurnalistik Antara in Pasar Baru, Central Jakarta, from tomorrow to May 23.

South Korean cup selections stun RI badminton coaches

South Korean cup selections stun RI badminton coaches JAKARTA (JP): South Korea's surprising doubles partnerships in both the Thomas and Uber Cups will pose a dangerous threat to Indonesia, national coaches warn.

Banks urged to favor cheap house developers

Banks urged to favor cheap house developers JAKARTA (JP): Banks should not tighten lending to low-cost house developers in need of financial facilities, the chairman of developers' association said."If the banks indiscriminately limit their property credit, we'll see some 50 percent of our...