Indonesian Political, Business & Finance News

Archive: 23 July 1996

52 articles found

ARF foreign ministers form a unique group

ARF foreign ministers form a unique group JAKARTA (JP): Just as every ASEAN Regional Forum (ARF) member country has its own unique features, the 20 foreign ministers participating in today's parley also bring together a unique blend of personalities to the meeting.

10,000 dispersed by police at anti-Ramos rally

10,000 dispersed by police at anti-Ramos rally MANILA (AFP): Dozens of riot police used truncheons and water cannon yesterday to prevent 10,000 leftist protesters from marching on parliament, where President Fidel Ramos was to make a state-of-the-nation address.

Indofood gets $125m loan

Indofood gets $125m loan JAKARTA (JP): PT Indofood Sukses Makmur, a publicly-listed food manufacturing company, has secured a 5-year loan worth US$125 million from a syndication of foreign banks.The company said in a statement yesterday that the proceeds from the loan facility will be used to...

Activists set up new political party

Activists set up new political party JAKARTA (JP): A group of student activists announced yesterday the formation of a new political party, the People's Democratic Party, defying the law and the government.

Late paper

Late paper Due to technical problems during the printing process, The Jakarta Post reached our readers in several West Java cities late yesterday. We regret the inconvenience caused. -- Publisher

'Let Supreme Court handle its own crisis'

'Let Supreme Court handle its own crisis' JAKARTA (JP): Observers are calling on the government to let the Supreme Court handle its own crisis, because any meddling would undermine the body's independence.

High oil prices boost Gulf incomes

High oil prices boost Gulf incomes ABU DHABI (AFP): Oil export earnings of six Gulf Arab states in the first half of 1996 hit their highest level since the oil boom of the early 1980s as crude prices climbed to a 13-year high, experts said yesterday.

Mixed prices expected on SE Asian rubber market

Mixed prices expected on SE Asian rubber market SINGAPORE (Reuter): Southeast Asian rubber prices are expected to be mixed this week in a quiet market devoid of major buyers, regional traders said yesterday.

Irian tribal leader not abducted: Community leader

Irian tribal leader not abducted: Community leader JAKARTA (JP): A community leader from Irian Jaya yesterday denied news reports that Amungme chief Tom Beanal, who is suing Freeport McMoRan Inc. for US$ 6 billion, had been abducted.Rev.

Statesmanship needed

Statesmanship needed Various groups have been expressing their observations and opinions on recent developments in our nation. Among the most notable is House Speaker Wahono, who gave an address on Friday at the closing of the current session.

Poor grasp of history alarms Goh

Poor grasp of history alarms Goh SINGAPORE (AFP): Prime Minister Goh Chok Tong has expressed alarm over young Singaporeans' poor grasp of their republic's history and wants the teaching system improved, press reports said here yesterday.

Govt bonds may lower cost of credit

Govt bonds may lower cost of credit JAKARTA (JP): The issuance of government junk bonds in the United States can serve as an appropriate benchmark to help lower the coupon rates of Indonesian private debt instruments, now considered as being too high, executives said yesterday.Hendrik J.

Man suspected of murdering uncle

Man suspected of murdering uncle JAKARTA (JP): A security guard who was allegedly beaten by his nephew on Jl. Pangkalan Asem, Senen district, in Central Jakarta, died yesterday.Central Jakarta Police Chief Lt. Col.

Children's Day observed amid horror of abuse

Children's Day observed amid horror of abuse JAKARTA (JP): The capital will celebrate National Children's Day today in a somber mood due to the recent escalation in the number of street boys who have been sodomized.

Youths protest nun's death

Youths protest nun's death DILI, East Timor: More than 100 angry youths gathered at a convent yesterday shortly after the death of a nun who was hit by a vehicle driven by a non-native.Dili Bishop Mgr. Carlos Filipe Ximenes Belo managed to calm down the local youths and prevent them from rioting.Sr.

Dresden ballet to perform here

Dresden ballet to perform here JAKARTA (JP): A ballet group from Germany called the Dresden Ballet, based at the Semperoper Dresden theater, will perform this evening and tomorrow at Gedung Kesenian Jakarta, Central Jakarta.The group, founded in 1949 by Mrs.

Pefindo to get assistance from Standard & Poor's

Pefindo to get assistance from Standard & Poor's JAKARTA (JP): PT Pefindo, Indonesia's only rating company, signed an agreement yesterday with Standard & Poor's Ratings Services, of the United States, to cooperate on analytical and business development.Hendrik J.

Manufacturers prioritized for tax holiday

Manufacturers prioritized for tax holiday JAKARTA (JP): Minister of Trade and Industry Tunky Ariwibowo said yesterday that the component industry will have priority to receive tax incentives under the government's policy to promote investments for the development of integrated industries.

Workers reminded over tougher competition in mining sector

Workers reminded over tougher competition in mining sector JAKARTA (JP): Director General of Mines Kuntoro Mangkusubroto reminded mining industry executives yesterday of the growing competition in the employment market ahead of the implementation of free trade in the region.

Tiger mauls American boy

Tiger mauls American boy BOGOR, West Java (JP): An American boy who was attacked by a baby tiger at Taman Safari Indonesia in Cisarua over the weekend is in good condition, the park spokesman said yesterday.

Aurora's gold output falls

Aurora's gold output falls SYDNEY (Reuter): Aurora Gold Ltd said yesterday gold production in the quarter ended June 30 fell below levels of the previous quarter and year earlier period due to problems at its Mount Muro mine in Indonesia.

City council approves tax collection decree

City council approves tax collection decree JAKARTA (JP): The city council yesterday approved a new provincial decree on development tax collection proposed by the administration.The new decree abolished the collection system called the official assessment and will rely heavily on honest self...

Feisal wants free speech rallies banned

Feisal wants free speech rallies banned JAKARTA (JP): Citing potential insurrection, the military will soon ban the free speech rallies being held in support of the ousted chief of the Indonesian Democratic Party (PDI), Megawati Soekarnoputri.Armed Forces (ABRI) Commander Gen.

ASEAN needs clear policy on Myanmar

ASEAN needs clear policy on Myanmar Myanmar became an observer at the seven-member Association of Southeast Asian Nations over the weekend. Political scientist J. Soedjati Djiwandono examines ASEAN's policy of constructive engagement toward Yangon.

Jakartans' life expectancy highest

Jakartans' life expectancy highest JAKARTA (JP): The life expectancy of Jakartans has become the nation's highest in this sixth Five-Year Development Plan (Repelita), Governor Surjadi Soedirdja has said.

Presidential decree sought for MRT plan

Presidential decree sought for MRT plan JAKARTA (JP): The development of Jakarta's first subway system is still waiting for a presidential decree, an official said.The Deputy Governor for Economic and Development Affairs, TB. M. Rais, said yesterday that the construction of the 14.

Napan to open first hotel

Napan to open first hotel JAKARTA (JP): Napan Group, a diversified private business group, will set up its first hotel in the capital of Central Java, Semarang.One of the group's subsidiaries, PT Niagatama Arsaraya, started yesterday the construction of the US$31-million hotel, which will be called...

Stock quotations on JSX

Stock quotations on JSX.rm .plStock prices on the Jakarta Stock Exchange (in rupiah) on July 22, 1996:-------------------------------------------------------------- Shares Close Change Trading Volume -------------------------------------------------------------- Ades Alfindo 1,100 175 200,500 AHAP...

Statement of concern

Statement of concern Under the leadership of Gus Dur (Abdurrachman Wahid), Let. Gen. (ret.) Bambang Triantoro, Let. Gen.(ret.) Kharis Suhud, Frans Seda, Matori Abdul Djalil, and other prominent figures, a statement of concern has been issued which has been forwarded to the Chairman of the People's...

Russia hails ASEAN's bid for nuclear weapons ban

Russia hails ASEAN's bid for nuclear weapons ban JAKARTA (JP): Russia came out yesterday in support of ASEAN's battle for a ban on nuclear weapons.Visiting Russian Foreign Minister Yevgeni Primakov said after meeting with President Soeharto that Moscow expects prompt implementation of the agreement...

Asian stocks down over concern abroad

Asian stocks down over concern abroad HONG KONG (Reuter): Asian stocks headed lower yesterday as Tokyo shares posted their second largest drop this year, with traders uncertain about the direction Europe and New York would take overnight.The key Nikkei 225-average dropped 470.66 points, or 2.

Soeharto wants help for 400,000 pupils

Soeharto wants help for 400,000 pupils JAKARTA (JP): President Soeharto yesterday called for immediate public assistance for 400,000 poor children on the brink of dropping out of school."If they don't get help soon, those elementary and junior high school students won't be able to go to school,"...

Palm oil prices slide in Asia

Palm oil prices slide in Asia KUALA LUMPUR (Reuter): Asian palm and laurics oil prices may slide further this week with the fall in the U.S. soyoil market and slow demand from around the region seen affecting sentiment, traders said yesterday.

RP writer gets Magsaysay award

RP writer gets Magsaysay award MANILA (AFP): Nick Joaquin, 79, one of the Philippines' foremost writers, was named winner of this year's Ramon Magsaysay award for literature, the awards foundation announced here yesterday.

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,...

'No non-trade issues on WTO agenda'

'No non-trade issues on WTO agenda' JAKARTA (JP): Developing and industrialized countries remain divided over whether to include non-trade issues at the inaugural World Trade Organization (WTO) ministerial conference in Singapore in December.

ARF yet to outline solid direction

ARF yet to outline solid directionBy Meidyatama Suryodiningrat JAKARTA (JP): While the ASEAN Regional Forum (ARF) has proven to be a potentially effective mechanism for preventing regional conflicts, it has yet to determine a more concrete means of resolving internal matters, particularly in the...

Rev. Jackson's nudging

Rev. Jackson's nudging This weekend Indonesia was privileged and honored by the short visit of Rev. Jesse Jackson, one of America's leading civil rights leaders. Although he made some remarks and judgments that many Indonesians would not necessarily agree with, some of his assertions are worth...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 22, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,100 175 200,500 AHAP Insurance 2,700 0 0 Alumindo Perkasa 700 25 5,000 Andayani Megah 1,350 100...

Statesmanship needed

Statesmanship needed Various groups have been expressing their observations and opinions on recent developments in our nation. Among the most notable is House Speaker Wahono, who gave an address on Friday at the closing of the current session.

15 arrested for role in container theft

15 arrested for role in container theft JAKARTA (JP): The Tanjung Priok Seaport Police have arrested 15 men on suspicion of stealing export commodities from a container worth more than one billion rupiah.The Seaport Police chief, Lt. Col.

Merpati to link Semarang and Singapore

Merpati to link Semarang and Singapore JAKARTA (JP): Merpati Nusantara, the state-owned airline which serves mostly unprofitable domestic routes, plans to expand its regional services by linking Semarang in Central Java and Singapore.

New strategy adopted on Bunaken island

New strategy adopted on Bunaken islandBy Jim Della-Giacoma BUNAKEN, North Sulawesi (Reuter): For coconut farmer and sometime fisherman Yunus Kasehung, living on this reef-fringed island, famed the world over for its sea-diving sites, was once like sitting on a time bomb.

RP seeks $874m aid for agriculture

RP seeks $874m aid for agriculture MANILA (Reuter): The Philippines yesterday unveiled a blueprint to boost productivity in agriculture in the next five years as it sought aid from international financial institutions.

School children and transport

School children and transportFrom NeracaMany pupils are complaining about the services of the angkot (city transport minibuses) drivers. Many drivers in Depok are reluctant to pick up the pupils. Actually the school children are willing to pay the same as ordinary passengers.

Mining industry warned of floating labor

Mining industry warned of floating labor JAKARTA (JP): Director General of Mines Kuntoro Mangkusubroto reminded mining industry executives yesterday of the growing competition in the employment market ahead of the implementation of free trade in the region.

Myanmar predicts West will pull back from threat

Myanmar predicts West will pull back from threat JAKARTA (JP): Myanmarese Foreign Minister Ohn Gyaw predicted yesterday the West would pull back from punishing his country with economic and other sanctions after it was accorded observer status in the Association of Southeast Asian Nations (ASEAN).

Megawati tells supporters to defend PDI HQ

Megawati tells supporters to defend PDI HQ JAKARTA (JP): Megawati Soekarnoputri, the overthrown chief of the Indonesian Democratic Party (PDI), told her supporters yesterday to defend the party's headquarters from any attempt to occupy it.

Last two warships to arrive

Last two warships to arrive JAKARTA: The last two of 39 warships that Indonesia ordered in 1994 from Germany will arrive here in September, Antara reported yesterday.First Marshall Freddy Numberi, in charge of the purchase, sent off the two ships from the Technische Marine Schule port in Neustadts...

Merpati to link Semarang, Singapore

Merpati to link Semarang, Singapore JAKARTA (JP): Merpati Nusantara, the state-owned airline which serves mostly unprofitable domestic routes, plans to expand its regional services by linking Semarang in Central Java and Singapore.

ARF opens with informal dinner

ARF opens with informal dinner JAKARTA (JP): The ASEAN Regional Forum (ARF) began yesterday evening with an informal working dinner attended by the participating foreign ministers.They were seated together at an elongated table in alphabetical order with most donning batik shirts.

Canadian's life sentence reduced

Canadian's life sentence reduced HANOI (AFP): A court in Ho Chi Minh City has reduced a life sentence handed down to a Canadian citizen for fraud to 20 years in jail, a court official said yesterday.Tran Trieu Quan, a Canadian of Vietnamese origin, was sentenced in January to life in jail for...