Indonesian Political, Business & Finance News

Archive: 2 July 1996

44 articles found

Administration to restructure parking authority

Administration to restructure parking authority JAKARTA (JP): The city administration plans to restructure the management of the city's parking agency, BP Parkir, to improve its performance and increase its contribution to city coffers.The deputy governor for economic and development affairs, TB. M.

New sport entertainment facility coming to town

New sport entertainment facility coming to town JAKARTA (JP): Jakartans desperately in search of a family recreation place are about to receive a new sports entertainment arena at Carita Beach, West Java, about 160 kilometers west of Jakarta.

Int'l volleyball tourney planned

Int'l volleyball tourney planned JAKARTA (JP): The city administration will hold a sister city volleyball tournament for the second time, from July 15 to July 21.The city secretary's Assistant for Welfare Affairs, Soenarjudardji, said yesterday that the tournament, which was first held in 1994, is...

Deregulating fisheries

Deregulating fisheries Indonesia has 5.8 million square kilometers of sea. It has been estimated that Indonesia's waters are capable of yielding 6.7 million tons of a variety of fish as well as other marine products, although in the past few years only about half that amount has been collected.

Int'l Dance Fiesta to be held here

Int'l Dance Fiesta to be held here JAKARTA (JP): Jakarta will host the fourth International Dance Festival (IDF'96), July 25 through July 31.Sal Murgiyanto, chairman of the committee, said in a press meeting at Gedung Kesenian, Jakarta that the festival will feature artists from 11 countries...

Poll suggested to resolve PDI leadership crisis

Poll suggested to resolve PDI leadership crisis JAKARTA (JP): A referendum of all PDI members should be held immediately to resolve the dual leadership crisis within the Indonesian Democratic Party (PDI) if it wants to improve its performance in next year's election, it was suggested yesterday.

RI to build stronger police force

RI to build stronger police force JAKARTA (JP): President Soeharto has hinted that the government will continue to strengthen the national police force so that it can fight both conventional and hi-tec crime more efficiently.

Govt to speed up fixed line development

Govt to speed up fixed line development JAKARTA (JP): The government will accelerate the development of telecommunications networks to reach a ratio of 20 fixed telephone lines for every 100 people by the year 2020.

Lufthansa increases services

Lufthansa increases services JAKARTA (JP): German flag carrier Lufthansa plans to introduce its sixth weekly service for the Jakarta-Frankfurt route beginning today.The company's general manager for Indonesia, Peter Emmerich, said in a statement yesterday that Lufthansa will now serve the route on...

Irian tribes to reject Freeport's trust offer

Irian tribes to reject Freeport's trust offer JAKARTA (JP): Leaders of the Amungme and Komoro tribes in Irian Jaya said yesterday they would reject the 1 percent trust fund offered by PT Freeport Indonesia.

Asphalt production halted

Asphalt production halted JAKARTA (JP): PT Amerta Mardayasa Aspal, an Australia- affiliated firm producing asphalt in Buton, Southeast Sulawesi, has terminated production due to difficulties to market its products, an executive said.

Gudang Garam owners make 'Forbes' list

Gudang Garam owners make 'Forbes' list NEW YORK (Agencies): The Wonowidjojo family, owner of PT Gudang Garam, was one of three Indonesians listed among the world's billionaires by Forbes Magazine.In the July edition of the magazine, the Wonowidjojo family's net worth is put at $6.

24 billboards pulled down

24 billboards pulled down TANGERANG, West Java (JP): Twenty-four billboards in Tangerang were pulled down in the months of May and June, Suwardjono, the head of the Local Street and Park Illumination Office, said after a field survey yesterday.

Key Asian economies set for slower growth: Report

Key Asian economies set for slower growth: Report SINGAPORE (AFP): Tight monetary policies will lead to slower expansion of key Asian economies this year, but growth will remain healthy with buoyant investment, a report predicted.

Medco to buy Lippo unit

Medco to buy Lippo unit MANILA (Reuter): Medco Holdings Inc said yesterday its board of directors had approved a buy-in into Lippo Asia Investment Corp, the Manila unit of the Lippo Group of Indonesia.The company told the Philippine Stock Exchange it would subscribe to 7.

House passes law endorsing archipelagic state concept

House passes law endorsing archipelagic state concept JAKARTA (JP): The House of Representatives passed a law yesterday that gives legitimacy to Indonesia's claim to be an archipelagic state.The 27 articles of the Law on Indonesian Territorial Waters spell out among others the sovereignty,...

Soeharto's plan on National Police welcomed

Soeharto's plan on National Police welcomed JAKARTA (JP): Former senior police officers have warmly welcomed President Soeharto's plan for the continuation of the police force's development."It's an extraordinary plan that the police force should adopt in an optimum and professional way," former...

Boeing to help market RI jets in N. America

Boeing to help market RI jets in N. America JAKARTA (JP): The America-based aircraft manufacturer Boeing Co. pledged yesterday to help Indonesia's state aircraft maker PT Industri Pesawat Terbang Nusantara (IPTN) market its N-2130 jets in North America.

Change your sexual behavior

Change your sexual behavior YOGYAKARTA: If Indonesians do not change their sexual behavior, the state may have to spend Rp 33 trillion (US$15 billion) to control AIDS beginning in the year 2000, an expert warned yesterday.

Lasolo hydro-power plant to be built soon in Sulawesi

Lasolo hydro-power plant to be built soon in Sulawesi JAKARTA (JP): PT Iroda Mitra Corporation and two state-owned companies will start early next year the construction of the Lasolo hydro-power plant in Pomalaa, Southeast Sulawesi, with a generation capacity of 96 megawatts.

Why are letters censored?

Why are letters censored? On June 19, 1996, I mailed a letter to Mr. and Mrs. Sri Bintang Pamungkas, whose address is Jl. Merapi D-1, Komplek Bukit Permai, Cibubur, Jakarta Timur 13724.According to a very reliable source, my letter was censored by a powerful institution.

Warner Bros to open in Indonesia

Warner Bros to open in Indonesia JAKARTA (JP): Warner Bros Studio Stores of the United States and PT Putra Warner Perkasa, a subsidiary of PT Putra Surya Perkasa (PSP), signed an agreement yesterday allowing the latter to open stores in Indonesia under the name of the former.

300 workers continue strike

300 workers continue strike JAKARTA (JP): Some 300 garment factory workers from PT Centra Busana Jaya Persada on Jl. Cilincing in North Jakarta continued their strike yesterday, demanding minimum wages and welfare improvement.

Water supply cut in N. Jakarta

Water supply cut in N. Jakarta JAKARTA (JP): Water supplies in the areas of Podomoro, Pademangan and Ancol in North Jakarta will be stopped for two days starting today, an official said yesterday.Agus Tabrani, marketing director of the city-owned tap water company, PDAM, said that a pipe 600...

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Song 3:05 Library 3:30 TV Series: Beyond Tomorrow 4:00 News: Lintasan Berita 4:05 Science Film 4:30 Variety Program: Tari Kondo Buleng 5:00 Regional News 5:30 English Lessons: Your Letter 6:05 Nusantara, the Beloved Country: North...

Timber fencing and smuggling still rampant

Timber fencing and smuggling still rampant JAKARTA (JP): A government raid has discovered more than 200,000 cubic meters of sawn timber being illegally transported and bought by wood-processing companies, proving that timber smuggling and wood fencing are still rampant practices.

BDNI to launch mutual fund

BDNI to launch mutual fund JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) granted a license yesterday to the country's first open-end mutual fund, which will be called the Reksa Dana Money Market Fund (MMF) and sponsored by Bank Dagang Nasional Indonesia and PT BDNI Securities.

Alatas' refusal of Gama's visit endorsed

Alatas' refusal of Gama's visit endorsed JAKARTA (JP): A senior East Timorese leader said yesterday that he backs Foreign Minister Ali Alatas, who has rejected his Portuguese counterpart's demand to meet an East Timorese separatist leader jailed in Jakarta.

Economic analysts hail new loan writeoff plan

Economic analysts hail new loan writeoff plan JAKARTA (JP): The government's plan encouraging banks to writeoff problem loans is an appropriate way to deal with bad debts says analysts and economists.Christianto Wibisono, director of the Indonesian Business Data Center, said yesterday that banks...

Private sector role in pipeline sought

Private sector role in pipeline sought KUALA LUMPUR (Reuter): ASEAN energy ministers called yesterday for private sector help to build a proposed US$15 billion regional gas pipeline to meet rising power demand in Southeast Asia."The ministers...

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,...

City needs 10m kiloliters of fuel

City needs 10m kiloliters of fuel JAKARTA (JP): The nine million capital's gas (BBM) consumption in the year 1996/1997 is estimated to reach ten million kiloliters (KL) with the largest need of approximately 3,7 KL for diesel, said an official yesterday.

NGOs form pressure group

NGOs form pressure group JAKARTA (JP): Activists formed another pressure group yesterday, demanding that the government lower prices, uproot corruption and overhaul the political system.Established by labor activists, human rights campaigners, lawyers, political activists, journalists and women's...

Northwest diverts passengers to Garuda

Northwest diverts passengers to Garuda JAKARTA (JP): United States' Northwest Airlines has diverted most of its passengers routed Jakarta to Osaka to state-owned Garuda Indonesia.An aviation dispute between Japan and the United States has stopped Northwest flying to Jakarta via Osaka, preventing it...

Two arrested for killing newly-wed woman

Two arrested for killing newly-wed woman JAKARTA (JP): Two construction workers on Jl. Amal, East Jakarta yesterday stabbed to death a newly wed woman who refused to pay Rp 200,000 (US$85).The Chief of Duren Sawit Police sub-precinct, Maj.

A seafaring nation needs a merchant fleet of vessels

A seafaring nation needs a merchant fleet of vesselsBy Dirk Vlasblom This is the second of two articles based on an interview with prominent shipowner Soedarpo Sastrosatomo. Question: It seems you were once jailed for weapon-smuggling.

Security guards complain to House

Security guards complain to House JAKARTA (JP): Hundreds of security guards working for the International Trade Center on Jl. Mangga Dua marched to the House of Representatives yesterday to protest what they called the impartial dismissal of 25 of their colleagues by the center's management.

Prostitutes face repatriation

Prostitutes face repatriation KUPANG, East Nusa Tenggara: The mayoralty government has threatened to take tough action against civil servants who frequent brothels.Secretary to the mayor Fidelis Paranda said the rule is meant to discourage civil servants from being absent from their offices during...

Thais seize animals smuggled from Indonesia

Thais seize animals smuggled from Indonesia BANGKOK (Reuter): Thai customs officials said yesterday they had seized a large consignment of animals smuggled from Indonesia, including dozens of endangered crocodiles and exotic birds.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 1, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 800 0 3,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 675 0 2,500 Andayani Megah 1,175 25 1,024,000 Aneka...

Mahathir opposes Boutros-Ghali's bid

Mahathir opposes Boutros-Ghali's bid KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad is refusing to support the bid by Boutros Boutros-Ghali to secure re-election as UN secretary general, news reports said yesterday.

Causes of widow

Causes of widow I am working as a volunteer for the American Studies Center in Medan, North Sumatra. Since the center's activities focus on American studies, especially American culture, its is the only center established in cooperation between USU (Sumatra Utara University) and American...

PT Surya raises loans

PT Surya raises loans SINGAPORE (Reuter): Indonesia's PT Surya Zig Zag will sign yesterday a US$55 million term loan facility, arranger Deutsche Morgan Grenfell said in a statement.The facility was heavily oversubscribed in syndication and was raised from the initial level of $53 million, it said.

Put 'halal' labels on food seals: YLKI

Put 'halal' labels on food seals: YLKI JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) said the government should exercise strict control over food and drink packages labeled halal, or suitable for Moslems to consume.