Indonesian Political, Business & Finance News

Archive: 26 July 1996

56 articles found

'People's sense of justice ignored'

'People's sense of justice ignored' JAKARTA (JP): More criticism was voiced yesterday against the Supreme Court over the way it had attempted to cover up alleged collusion involving its senior judges.A group of lawyers, claiming to represent all Indonesian lawyers, marched to the Supreme Court and...

Freeport's commitment

Freeport's commitment Thank you for helping clearup the latest false rumor that has swept through the Timika-Tembagapura area (Irian tribal leader not abducted, July 23, 1996). Father Nato Gobay obviously knows how dangerous a rumor like this can be and he should be commended for his quick reaction...

Betawi festival on Jl. Jaksa

Betawi festival on Jl. Jaksa JAKARTA (JP): The third annual Betawi festival, called Pesta Jalan Jaksa '96, or the Jl. Jaksa Fair, will run from July 31 to August 4 in the tourist center in Central Jakarta.

4,000 youths get training in Taiwan

4,000 youths get training in Taiwan MEDAN, North Sumatra: A total of 4,000 local youths have been included in one-year on the job training in middle-scale companies in Taiwan, Antara reported yesterday.

Resettler kids obtain degrees

Resettler kids obtain degrees AMBON, Maluku: Minister of Transmigration Siswono Yudohusodo says he is impressed by how children of transmigrants in Buru Island, Central Maluku, coped with adversities faced in settling on new land and succeeded in their educations.

'Media, private sector must help fight AIDS'

'Media, private sector must help fight AIDS' JAKARTA (JP): A senior journalist said yesterday that there comes a time when the press should interpret its stories, and that time comes when it writes about the deadly Acquired Immuno Deficiency Syndrome (AIDS).

Memo does not involve South China Sea issue

Memo does not involve South China Sea issue JAKARTA (JP): The Indonesian government said yesterday that the memo it had sent to the Chinese government was on China's recent declaration of its new sea baselines, which did not touch on the disputed Spratly islands in the South China Sea.

Walls to enter Indonesia

Walls to enter Indonesia KARACHI, Pakistan (Reuter): Unilever unit Walls Ice Cream, after successful exports to Sri Lanka from Pakistan, is looking at Malaysian and Indonesian markets, I.S. Sangster, a senior representative of Unilever NV/Plc in Pakistan, said on Wednesday.

Media astray on disabled issue

Media astray on disabled issue SURAKARTA, Central Java (JP): Experts and activists involved in a campaign to empower disabled people have lamented the lack of media exposure on the issue.Dr. Handoyo Tjandrakusuma, the director of the Prof. Dr.

Toyota offers its vision for the future

Toyota offers its vision for the futureBy Russell Williamson Toyota-Astra will be using the Jakarta Auto Expo to give visitors a view of what the company is doing overseas as well as its concept for the future of automotive development.

Indonesian corporate bond spreads tighten

Indonesian corporate bond spreads tighten NEW YORK (Reuter): Indonesian corporate bond spreads tightened further in anticipation of the expected pricing of the country's first sovereign issue this week, global bond dealers said.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 25, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,300 0 144,000 AHAP Insurance 2,700 0 0 Alumindo Perkasa 700 -25 13,000 Andayani Megah 1,300 -50 911,500...

President's son to take part in subway project

President's son to take part in subway project JAKARTA (JP): Bambang Trihatmodjo will join the Indonesian group of investors in Jakarta's first subway project from Blok M in South Jakarta to Kota in West Jakarta.

In defense of constructive engagement

In defense of constructive engagement Now that Myanmar is an ASEAN observer, with the promise of full membership in two years, it is possible to look back with some amusement on the hype and the hysterics, and the postures struck by some Western spokesmen.

Volvo and Audi race against a conservative image

Volvo and Audi race against a conservative imageBy Alexander Corne A Volvo race car may seem at odds with the marque's traditional conservative image, but the Swedish company is shedding its skin and strapping on fat tires to compete more effectively with BMW, Audi and Mercedes-Benz.

PMC fails to agree on crucial questions

PMC fails to agree on crucial questions JAKARTA (JP): Foreign ministers of the Association of Southeast Asian Nations (ASEAN) and their dialog partners ended their three days of talks yesterday, remaining as far apart as they began on many major issues.

Economists to play tennis

Economists to play tennis JAKARTA (JP): The Indonesian Economists Association will stage its tenth tennis tournament at the Senayan tennis complex next week.The tournament, in which 400 of its member economists will participate, will be opened on Aug.

Bogor traffic getting better

Bogor traffic getting better BOGOR, West Java (JP): The Bogor administration is gradually reducing the traffic congestion which usually occurs on Jl. Nyi Raja Permas and Jl. Dewi Sartika near Kebon Kacang market, a spokesman said.

State domination leads to 'disguise resistance'

State domination leads to 'disguise resistance' SURABAYA (JP): The domination of the state and its apparatus in national development has given birth to "disguised resistance" by the people, a scholar says.

Soerjadi gets final seal of approval

Soerjadi gets final seal of approval JAKARTA (JP): After one month of waiting, Soerjadi was received by President Soeharto yesterday to get the official seal of approval for his election as chairman of the Indonesian Democratic Party (PDI) at a controversial congress in Medan.

TV today

TV todayTVRI 12:00 p.m. Travel: Wajah Negeriku (My Country) 12:05 TV Series: Boogie 12:30 TV Series: Remaja Indonesia 1:05 TV Series: Fresh Prince of Bell Air 1:30 Comedy 2:05 Quiz: Cerdas Cermat 2:30 Sports: Olympiad '96 from Atlanta - live 5:00 Evening News 5:30 Business Program 6:00 News:...

China hails trans-Eurasia railway plan

China hails trans-Eurasia railway plan JAKARTA (Kyodo): Chinese Foreign Minister Qian Qichen has voiced Beijing's support for a trans-Eurasia railway project."We appreciate the efforts of ASEAN (Association of Southeast Asian Nations) countries in pushing forward the implementation of the ASEM...

Where to go in Bali:

Where to go in Bali:Music and Entertainment * Grand Hyatt Bali, Nusa Dua: Pasar Senggol - Balinese Arts & Crafts, daily. Sunset Procession, daily. Ramayana dance, Thursday. Legong dance, Saturday. Arjuna Wiwaha dance, Sunday. Rejang, Puspawresti, Belibis and Jaran Teji dances, Monday.

Press refuses to back out of PDI row

Press refuses to back out of PDI row JAKARTA (JP): Observers and editors yesterday cold-shouldered a call by Media Indonesia daily that the domestic media should blackout reports on the protracted leadership conflict in the Indonesian Democratic Party (PDI).

Canada signs cooperation agreement with Vietnam

Canada signs cooperation agreement with Vietnam JAKARTA (JP): Canada has formally recognized Vietnam as the seventh member of the Association of Southeast Asian Nations (ASEAN), giving Hanoi access to Ottawa's development aid.

Where to go in Surabaya:

Where to go in Surabaya:Music * Elmi Hotel: Jl. Panglima Sudirman No. 42-44: - Qemi Club: Karaoke/Disco, Sunday, 8 p.m. to 11 p.m.; Master Band, Monday and Wednesday, 10:30 p.m. to 12:30 a.m.; Atlantic Band, Tuesday and Saturday, 10:30 p.m. to 12:30 a.m.; Abouwhim Band, Thursday, 10:30 p.m.

Mahathir down with cold: Aide

Mahathir down with cold: Aide KUALA LUMPUR (AFP): Prime Minister Mahathir Mohamad came down with a bad cold yesterday and will be resting for two days on his doctor's advice, an aide said."It is just the common cold accompanied by fever.

Electronics crunch may hit Asian economies' exports

Electronics crunch may hit Asian economies' exports SINGAPORE (Reuter): The heady days of double-digit export growth may be over for Asia's booming economies, at least for this year, as the global electronics crunch bites.

Rural agribusinesses need help: Official

Rural agribusinesses need help: Official JAKARTA (JP): A senior official suggested yesterday that business people should help accelerate the development of agriculture-based industries to improve the prosperity of farmers.

Breast-feeding trend is declining: Official

Breast-feeding trend is declining: Official JAKARTA (JP): Fewer mothers are nursing their babies, despite the national breast-feeding campaign launched by President Soeharto six years ago, an official says."The breast-feeding trend is declining," said Benny A.

Asian coffee demand up, says German research

Asian coffee demand up, says German research HAMBURG (Reuter): Weak coffee demand in Asia was getting fresh impetus from instant coffee products and canned coffee drinks, German coffee association DKV said yesterday.

Secretaries for listed firms

Secretaries for listed firms JAKARTA (JP): The Capital Market Supervisory Agency is requiring all publicly listed companies to appoint corporate secretaries before the end of this year.The head of the capital market watchdog's law department, I Nyoman Tjager, said yesterday that any listed company...

S. China Sea solution not on the horizon

S. China Sea solution not on the horizon JAKARTA (AFP): Despite a new openness in the region, territorial disputes on overlapping maritime boundaries in the South China Sea have yet to move closer to a viable solution, Pacific Rim officials say.

Anonymity

Anonymity Since my name has been called once again into question (The Jakarta Post, July 24, 1996), I am obliged to make some comments:* The attempt by the "anonymous" letter writer to justify anonymity didn't convince me at all.

Ford move to European sourced product

Ford move to European sourced productBy Russell Williamson Ford in Indonesia will begin sourcing its vehicles from Ford of Europe over the next two years.The first of these products, the Escort, will be on show at the Jakarta Auto Expo and is expected to go on sale in the first quarter of next year.

South Korean onslaught continues with Daewoo to launch Nexia

South Korean onslaught continues with Daewoo to launch NexiaBy Russell Williamson Daewoo will be the third South Korean manufacturer to enter the increasingly crowded small passenger sedan market when the Nexia goes on sale late this year.

Tough times await telecommunication firms in Asia

Tough times await telecommunication firms in AsiaBy Angela Tan SINGAPORE (Reuter): The telecommunications business in Asia remains a favorite for investors but deregulation has sparked a keen battle for market share that could affect short-term profits.

Chrysler's convertible Sebring sure to be a showstopper

Chrysler's convertible Sebring sure to be a showstopperBy Russell Williamson Chrysler's growth in the Indonesian market has been impressive over the past two years, with the four-wheel drive Cherokee now commanding top spot in its market sector.

ASEAN firms seek common stance on nontariff barriers

ASEAN firms seek common stance on nontariff barriers JAKARTA (JP): The ASEAN Federation of Textile Industries began its two-day meeting here yesterday to seek a joint stance in facing nontariff barriers imposed by the world's major textile importers.

Newspaper's editorial staff asked to resign

Newspaper's editorial staff asked to resign JAKARTA (JP): The Jakarta State Administrative High Court was notified on Wednesday that the board of commissioners of PT Media Interaksi Utama (PT MIU), the publisher of Suara Pembaruan daily, had officially asked the paper's general manager, Albert...

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,...

Pelangi Indah Canindo to go public

Pelangi Indah Canindo to go public JAKARTA (JP): PT Pelangi Indah Canindo, a metal packing manufacturer, said yesterday that it would offer 27.5 million new shares to the public to raise about Rp 19.25 billion (US$8.2 million).

Two killed at project site

Two killed at project site JAKARTA (JP): Two construction workers were killed and three others injured when working on the eighth floor of the new SCT Tower on Jl. Sudirman, Central Jakarta.A wooden board on which they were standing collapsed, one of the survivors said.

Honda's Asia car to debut at Jakarta Auto Expo

Honda's Asia car to debut at Jakarta Auto ExpoBy Russell Williamson PT Prospect Motor, the local importers and assemblers of Honda vehicles will preview its Honda City at the Jakarta Auto Expo.The City is expected to go on sale in the third quarter of 1996 and will join the company's other two...

Fuel-saving minibuses join rally

Fuel-saving minibuses join rally JAKARTA (JP): Minister of Education and Culture Wardiman Djojonegoro has urged the public to be more fuel conscious in this era of depleting energy reserves.Speaking at the National Monument (Monas) park yesterday, the minister officiated the send-off of 22...

South Korean's guard murdered

South Korean's guard murdered JAKARTA (JP): An employee of a South Korean businessman was stabbed to death yesterday by four unidentified men in the Tanah Abang district, Central Jakarta.Central Jakarta Police Chief Lt. Col.

Jakarta Military Command hints at imminent action

Jakarta Military Command hints at imminent action JAKARTA (JP): The Jakarta Regional Military Command signaled yesterday that it will soon move to stop the free speech forum being conducted by supporters of Megawati Soekarnoputri at the headquarters of the Indonesian Democratic Party (PDI) here.

'Taxi drivers should train for self-defense'

'Taxi drivers should train for self-defense' JAKARTA (JP): City police are advocating that taxi drivers be given martial arts lessons to help the drivers protect themselves from possible attacks."We would be happy to train the drivers," city police spokesman Lt. Col. Iman Haryatna said yesterday.

U.S. asks Asia-Pacific to do more on services

U.S. asks Asia-Pacific to do more on services JAKARTA (JP): The United States stepped up its pressure on countries in the Asia-Pacific region to open up their services sector, liberalize their procurement markets and eliminate bribery practices.

Opel tests market with niche vehicles

Opel tests market with niche vehicles By Russell Williamson Despite General Motors decision to postpone future investment in Indonesia because of the national car policy, the local importer, General Motors Buana Indonesia, has one of the most impressive stands at the Jakarta Auto Expo.

Interest rates may decrease one point

Interest rates may decrease one point JAKARTA (JP): Interest rates will decrease by at least one percentage point if there are no more policy errors in the second half of this year, Rizal Ramlia, a senior researcher of the Econit economic advisory group, predicted yesterday.

South Korean Musso set to muscle in on Jeep

South Korean Musso set to muscle in on JeepBy Russell Williamson Indonesia is set to get yet another vehicle from the automotive powerhouse that is South Korea.However, this will not be a small generic four-door sedan along the lines of the Timor, Nexia or Cakra but a large tough four-wheel drive...

U.S. gives conditional support to EAEC

U.S. gives conditional support to EAEC JAKARTA (JP): The United States said yesterday that it would endorse the establishment of the proposed East Asia Economic Caucus (EAEC), promoted tirelessly by Malaysia, provided it remains open to all states in the region.U.S.

Farmers protest land takeover

Farmers protest land takeover BANDUNG, West Java: A group of farmers demonstrated outside the West Java High Court demanding an objective trial of their case against PT Cisadane Perdana, a developer that appropriated their land.

Nissan previews new flagship Infiniti

Nissan previews new flagship InfinitiBy Russell Williamson Nissan plans to take on Toyota's Crown and the Europeans in the large luxury car stakes when it launches its new flagship Infiniti next year.Indomobil, the local importer and assembler of Nissan products, plans to introduce the I-30...

PMC makes little progress on nuclear treaties

PMC makes little progress on nuclear treaties JAKARTA (JP): While delegates during their meetings here repeatedly expressed commitment to disarmament, the Post Ministerial Conference (PMC) that ended yesterday brought ASEAN no closer to either a nuclear test ban treaty or a nuclear free zone in the...