Indonesian Political, Business & Finance News

Archive: 27 July 1996

70 articles found

Bimantara Cakra Nusa launches national cars

Bimantara Cakra Nusa launches national cars By Russell Williamson In its bid to continue to apply for tax concessions as a national car manufacturer, Bimantara Cakra Nusa launched two cars -- the Nenggala and Cakra -- this week under its own brand name. While the Nenggala has been on sale in Indonesia for about 18 months under the name Hyundai Elantra, the Cakra is all-new and gives the company an entrant in the small 1500cc passenger car class.

Congestion rates for Jakarta?

Congestion rates for Jakarta? Going through traffic in Jakarta will eventually become even worse. Some day, when the planned subway has become operational, private cars taking Jakarta's main thoroughfares will be subject to taxation. This plan is part of the efforts being made to restrict the use of private cars in order to reduce congestion.

Mercedes delivers a full luxury lineup for expo

Mercedes delivers a full luxury lineup for expo By Russell Williamson VISITORS to the Jakarta Auto Expo in the market for a luxury car will have a perfect opportunity to evaluate all the options with Mercedes lining up its full model range. Pride of place will no doubt be given to the new E-Class mid- sized sedan which was launched into the Indonesian market last month. The distinctive oval-eyed E-Class is recognized as being among the best luxury sedans in the world.

October tourism expo to use larger space

October tourism expo to use larger space JAKARTA (JP): Covering 5,850 square meters, the total exhibition space of the third Tourism Indonesia Mart and Expo (TIME) to be held in October will be double the size of the exhibition's floor space last year.

Volvo, Audi race against conservative image

Volvo, Audi race against conservative image By 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. Evidence of this can be seen on the Indomobil stand at the Jakarta Auto Expo where the British 2.0 liter racing 850 of the Tom Walkinshaw Racing team is proudly displayed.

Reinventing Indonesian society

Reinventing Indonesian society By Meuthia Ganie Rochman and Rochman Achwan NIJMEGEN, the Netherlands (JP): The market economy's undisputable lead over socialism and the rise of giant economies in the Pacific have led social scientists to search for the causes of the successes and failures of other countries' economies. They are faced with moving and inspiring issues: Can the success story of industrialization in the West be repeated in developing countries and East European societies?

4,000 seats vacant at state universities

4,000 seats vacant at state universities JAKARTA (JP): About 4,000 out of 64,000 contested seats at state universities throughout Indonesia are vacant this year, an official said yesterday. Announcing the results of this year's evaluation on college entrance tests, Wiwit B. Widiantono -- who oversees entrance tests in Jakarta, West Java, Sumatra and West Kalimantan -- said the vacant seats are in 198 study programs at 31 universities.

Man killed in Bongkaran

Man killed in Bongkaran JAKARTA (JP): A man was beaten and stabbed to death yesterday in the prostitution complex of Bongkaran, Central Jakarta. Central Jakarta Police Chief Lt. Col. Abubakar Nataprawira said that residents found the victim, who was in his 30s, screaming and lying on the ground in the early morning. "The unidentified victim died on the way to the Cipto Mangunkusumo general hospital," he said.

Megawati defies military ban

Megawati defies military ban JAKARTA (JP): The ousted leader of the Indonesian Democratic Party (PDI), Megawati Soekarnoputri, has defied the military's ban on the controversial free speech forum at the party headquarters. She told about 500 of her supporters gathered at her home in the southern suburbs yesterday that the forum was needed to help promote democracy in Indonesia.

Police identify suspect killer of street boys

Police identify suspect killer of street boys JAKARTA (JP): After three weeks of investigation, the East Jakarta police have identified the man suspected of killing and mutilating eight street boys in Jakarta. "The hunt for the suspect, who is also from the street community, has begun," City Police Spokesman Lt. Col. Iman Haryatna told The Jakarta Post yesterday. But the officer refused to provide the identity of the suspect. Some police sources have said the suspect's alias is Robot.

'Typhoon Gloria' kills 23 in RP

'Typhoon Gloria' kills 23 in RP MANILA (Reuter): One person was killed and 14 were missing after flash floods generated by Typhoon Gloria swept a bus off a road on a central Philippine island, police said yesterday. The bus was carrying 30 passengers when it was swept off a road on the island of Mindoro, 180 kilometers south of Manila, police said.

Six soldiers to stand trial for shooting

Six soldiers to stand trial for shooting JAKARTA (JP): Three high-ranking officers and three soldiers will stand trial on Monday for suspected involvement in the shooting of West Kalimantan demonstrators in April, Antara reported yesterday. The news agency quoted unnamed sources identifying the six only as Capt. Su, First Lt. Za, Second Lt. Si, First Sgt. JM, First Sgt. WS and First Sgt. NP. The military tribunal proceeding will be open to public.

Honda City to debut at Jakarta Auto Expo

Honda City to debut at Jakarta Auto Expo By 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 established models, the Civic and the Accord. Although the company has yet to announce pricing, Honda will be trying hard to introduce the car at a price to compete with the Timor national car.

City seals Hailai discotheque over drug case

City seals Hailai discotheque over drug case JAKARTA (JP): The city public order office temporarily closed down Hailai discotheque in North Jakarta yesterday after one of its managers was arrested for drug possession on Tuesday. The head of the office, Kusaeni Budiantoro, said the nightspot will remain closed until police complete their investigation. This is the second time the city administration temporary closed down the discotheque.

Health service unequal in Irian

Health service unequal in Irian JAYAPURA, Irian Jaya: Governor Jacob Pattipi admitted yesterday that many residents in the hinterland do not have access to government health services. He told members of the provincial legislative council that the lack of health personnel, inadequate transportation and the absence of telecommunications facilities are the major problems. Irian Jaya, which has a population of less than two million, now has 877 clinics and 121 medical doctors in 117 subdistricts.

Developer neglects to provide cemetery

Developer neglects to provide cemetery TANGERANG, West Java (JP): The developer of Bukit Cikasungka housing complex in Tangerang, PT Panca Wiratama Sakti, has not complied with the regulation to provide residents with a cemetery, Regent Saifullah AR said. Saifullah made the remark in connection with the residents' protest a week ago over the developer's negligence.

Government's Yankee bonds oversubscribed

Government's Yankee bonds oversubscribed JAKARTA (JP): Bank Indonesia floated Yankee bonds on Thursday worth US$400 million on the New York Stock Exchange, the government's first obligation issued in the United States. Bank Indonesia Governor J. Soedradjad Djiwandono said that the demand for the 10-year bonds -- which received BBB from Standard and Poor's and BAA3 from Moody's -- was very encouraging.

Fire victims seek LBH help

Fire victims seek LBH help JAKARTA (JP): Nine residents of Penjaringan Muara Karang, North Jakarta, went to the Jakarta Legal Aid Institution (LBH) yesterday to seek help and protection from the city administration, which they claimed has arbitrarily demolished their kiosks and houses, previously gutted by a fire.

Japan lends $490m to RI

Japan lends $490m to RI TOKYO (AFP): The Export-Import Bank of Japan announced yesterday a loan of 53 billion yen (US$490 million) to Indonesia to finance capital investment by small-scale enterprises including venture capital companies. The Japanese government-owned bank said the loan would provide medium- and long-term funds to such enterprises as well as Indonesian financial institutions including state-owned banks and private banks.

The ninth Jakarta Auto Expo expected to lure record crowds

The ninth Jakarta Auto Expo expected to lure record crowds By Russell Williamson The 1996 Jakarta Auto Expo is expected to attract as many as 250,000 visitors over the week that it is running. The expo opens today and runs until Sunday Aug. 4 and is open every day from 10 a.m. to 10 p.m. Admission is free of charge.

Food for thought

Food for thought This is in response to Mr. Piero Ronci's July 23 letter regarding British beef. Mr. Ronci, how many people die each year in Britain from CJD? Currently 50, or less than one in a million. How many people die each year world-wide from famine and malnutrition? How many people die each year from smoking related illnesses? From road traffic accidents? (In 1995 it was 11,516 in Indonesia alone). What is the average life expectancy in developing countries?

Thai sugar exports fall in June

Thai sugar exports fall in June BANGKOK (Reuter): Thai sugar exports fell to about 485,311 tons in June from 683,040 tons a year ago, trade sources said yesterday. They said the June exports included about 283,055 tons of raw sugar and 202,256 tons of refined white sugar. Major buyers of Thai raw in June were Japan (74,400 tons), Malaysia (46,854 tons), South Korea (33,750 tons), the United States (27,172 tons), China (26,210 tons), Tanzania (12,000 tons), and Indonesia (9,500 tons).

Jakarta sees more tourists

Jakarta sees more tourists JAKARTA (JP): The city saw 816,281 foreign tourist arrive in the January to June period this year, a 29.07 percent increase from 632,396 tourists in the corresponding period last year. Head of Jakarta Tourism Agency, Fauzie Bowo, told reporters yesterday that the tourists visited the city through the Soekarno-Hatta airport and the Tanjung Priok port. Some entered the city through the Halim Perdanakusuma airport as special guests, he said.

Aceh fishermen stranded in India

Aceh fishermen stranded in India BANDA ACEH, Aceh: Residents need the Ministry of Foreign Affairs to help them establish contact with three local fishermen who have been stranded in India since they left a detention house penniless. "We need my husband's address so that I can send money for him to come back home," the wife of one of the three fishermen told Antara here yesterday.

The lure of roaches

The lure of roaches From Bisnis Indonesia On July 14 I bought a Baygon Roach Bait Station at Hero Sarinah. One package normally contains a pair of baits. One of the two baits attracted a number of cockroaches but the other container was completely ignored by the insects. This proved to be empty. This was an astonishing discovery considering Baygon's reputation. Stricter control of the products to be marketed would be appreciated. ANASTASIA PERWITASARI Jakarta

Mitsubishi displays its local lineup

Mitsubishi displays its local lineup By Russell Williamson WHILE many carmakers choose to use motor shows to display futuristic concept vehicles or high tech models from overseas affiliates, that is not the case with Mitsubishi. With the focus on trying to sell cars, the local importer, PT Krama Yudha Tiga Berlian Motors, has chosen to display its current lineup and avoided any additional attractions. In passenger cars, the top of the line is the V6-powered mid- sized Galant sedan.

Church Services

Church Services * Catholic Church, University of Atmajaya, Jl. Jend. Sudirman: Saturday 5:30 p.m., Sunday, 9 a.m., 10:30 a.m. (with songs) and 5:30 p.m. * First Church of Christ, Scientist, Jl. Teuku Cik Ditiro 48, Menteng, Central Jakarta: Services on Sunday at 9:30 a.m. (in Indonesian) and 8 a.m. (in English). * All Saints' Anglican Church (opposite The Aryaduta Jakarta), Jl. Arif Rahman Hakim No. 5, Central Jakarta: Services on Sunday at 7:30 a.m., 9 a.m. with Sunday School.

Cheap sedans threaten van market

Cheap sedans threaten van market JAKARTA (JP): The current entrance of new cheap cars into the local market is likely to change the structure of auto sales, with sedans taking over the market presently dominated by multi- purpose vehicles. Chairman of the Indonesian Automotive Industry Association Herman Z. Latif called on the existing auto firms to quickly adapt to such changes. "There will very possibly be no growth (in sales), only changes of market segmentation ...

Injured workers recovering after high-rise accident

Injured workers recovering after high-rise accident JAKARTA (JP): Three construction workers injured in a condominium project are recovering in hospital, while the bodies of their two dead colleagues have been taken back to their hometowns in Central Java. Another has already been released from hospital, and is recuperating in the worker's dormitory on the site in Setiabudi, South Jakarta. The workers were working on the Sudirman Condominium Tower project, which started two years ago.

'Soeharto backing Soerjadi does not end PDI dispute'

'Soeharto backing Soerjadi does not end PDI dispute' JAKARTA (JP): A noted political observer has said that the leadership conflict ravaging the Indonesian Democratic Party (PDI) has not been solved by President Soeharto's endorsement of new party chairman Soerjadi.

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, Thursday, Sunday from 7:15 p.m. to 11 p.m.; Los Paraguas Vocal Group, Tuesday, Wednesday, Friday, Saturday from 7:15 p.m. to 11 p.m.

Kali Opak people upset over demolition plan

Kali Opak people upset over demolition plan JAKARTA (JP): About 100 residents of the Kali Opak riverbank in Penjaringan subdistrict, North Jakarta, yesterday filed a complaint over a demolition plan. The residents' spokesman, Edi Suwarto, said residents were never consulted about the North Jakarta mayoralty's plan. "The mayoralty only sent an order to demolish our houses," Edi said.

Mobil Oil gets 26% interest in Natuna gas project

Mobil Oil gets 26% interest in Natuna gas project JAKARTA (JP): The state-owned oil company Pertamina has granted Mobil Oil of the United States a 26 percent interest in the Natuna gas project, the largest gas project in Indonesia. "After the acquisition by the U.S.

Ecstasy smuggler arrested

Ecstasy smuggler arrested JAKARTA (JP): Soekarno-Hatta airport customs and excise officials have arrested an Indonesian for trying to smuggle in 13.689 Ecstasy pills worth more than Rp 1.3 billion (US$582,510) from Rotterdam, the Netherlands. Nisfu Chasbullah, the head of the airport's customs and excise, said the man, identified only as FZA, 33, was apprehended on Thursday night as he arrived from Rotterdam, via Frankfurt, on a Lufthansa flight.

PPP protests over threat

PPP protests over threat SURABAYA: The local chapter of the United Development Party (PPP) has lodged a complaint with the government, protesting the village chiefs' intimidation of its party activists in Madura last week. Party chapter chief Syumli Syadli said that the protest was filed with the local and national office of the general election committee as well as governor Basofi Sudirman.

Neglected and raped

Neglected and raped The court has barely closed the chapter on the series of gang rapes that shocked Jakarta this past year, now the city police have another tough case: to catch a serial killer who preys on young boys. The killer has left in his trail eight victims -- aged between 10 and 15 years -- over the past two years. Their bodies were badly mutilated and most showed traces of having been sodomized. Four of the victims still have not been identified.

Peace deal failure may lead to conflict

Peace deal failure may lead to conflict MANILA (AFP): The failure to push through with a controversial peace agreement with Moslem insurgents may result in a new conflict that will further squander the resources of the Philippines, President Fidel Ramos warned here yesterday. However if the agreement pushes through, it will pave the way for the economic development of the impoverished southern Philippines, Ramos added.

Baleno, a bold move for Suzuki

Baleno, a bold move for Suzuki By Russell Williamson SUZUKI, marketed by Indomobil, is using the Jakarta Auto Expo to promote existing products and preview some new vehicles. Being previewed is the Baleno, a small car to be launched by the company at the end of this year. The car is bigger than the other sedans produced so far by the company. The Baleno's size is comparable to cars such as the Toyota Corolla or Mazda 323 Lantis.

Palestinians penetrate world market

Palestinians penetrate world market By Sami Aboudi NABLUS, West Bank (Reuter): Despite stiff Israeli security restrictions, one West Bank factory has broken into the export market with a "Made in the West Bank and Gaza" label. The al-Akkad Fashions Factory broke new ground in June when it put 3,000 pairs of trousers on sale in Britain in a deal made under the auspices of the privately owned Palestine Garments Company (PGC).

Estee Lauder adds to life's 'pleasures'

Estee Lauder adds to life's 'pleasures' Due to technical problems, there were a number of misprints in the article Estee Lauder adds spice to life's little 'pleasures' which appeared in the Sunday edition of July 21, 1996. We have therefore decided to rerun the story on this page. We apologize for any inconvenience caused.

S. Korean Musso set to muscle in on Jeep

S. Korean Musso set to muscle in on Jeep By 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 off-roader with a Mercedes-Benz drivetrain wrapped in a SsangYong body. The SsangYong Musso will make its Indonesian debut at the Jakarta Auto Expo on the stand of its local importer, Indomobil.

S. Korean Daewoo to launch Nexia

S. Korean Daewoo to launch Nexia By 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. Competing against its compatriots, in the form of Bimantara's new Cakra and the Timor car -- which is effectively a Kia Sephia -- the Nexia is likely to be aiming for price as its major selling factor.

BMW to challenge Mercedes with new car

BMW to challenge Mercedes with new car By Russell Williamson and Alastair Doak BMW may have delivered the goods to give Mercedes-Benz' E- Class a serious shake-up in the showroom with its all new 5- Series. Unveiled in Jakarta earlier this week by the local importer PT Tjahja Sakti Motor Corp, the new 5-Series model range offers all the luxury and performance of a prestigious European marque at a substantially lower price than its natural competition.

Security men ease vigil as ministers leave town

Security men ease vigil as ministers leave town JAKARTA (JP): No major security problems were reported during the series of ASEAN ministerial meetings which ended Thursday, City Police Spokesman Lt. Iman Haryatna said yesterday. "Everything went well," Iman told The Jakarta Post. A number of senior officers, who were assigned to security detail beginning on July 20, are now able to take a breather. "Thank God the hectic days are over and that nothing happened," said one of the officers.

RI, Laos tie up

RI, Laos tie up JAKARTA (JP): Indonesia and Laos signed a memorandum of understanding on tourism yesterday, to provide a basis for expanding the range of tourism promotion cooperation between the two countries. The deal was signed by Indonesian Foreign Minister Ali Alatas and his Laotian counterpart Somsavat Lengsavad. Both ministers underlined the importance of the tourism industry in terms of bringing in foreign exchange revenue and creating jobs for the people of the two countries. (mds)

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 26, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,275 -25 66,000 AHAP Insurance 2,700 0 0 Alumindo Perkasa 700 0 30,000 Andayani Megah 1,275 -25 1,169,000 Aneka Kimia Raya 3,725 0 0 Anwar Sierad 1,975 0 150,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,050 0 0 Argo Pantes 1,975 0 0 Asahimas Flat 1,700 -50 1,506,500 Asiana IMI...

Olympics medal tally

Olympics medal tally Position as of Friday 23.00 Western Indonesia Time .tb 0.1" 1.8" 2.4" 3.0" Russia 13 8 5 U.S.A 12 16 4 France 7 4 7 China 5 5 6 Italy 5 4 4 Poland 5 3 2 Germany 3 3 11 Cuba 3 4 5 S. Korea 3 4 2 Australia 3 2 7 Hungary 3 2 5 Turkey 3 0 1 Ireland 3 0 0 Japan 2 3 2 Belgium 2 1 2 Ukraine 2 0 2 N. Zealand 2 0 1 S.

RI urges Europe not to mesh bilateral issues

RI urges Europe not to mesh bilateral issues JAKARTA (JP): Indonesia is calling on its European partners not to connect bilateral problems, such as the East Timor issue, with the overall cooperation between ASEAN and the European Union.

Mazda joins the luxury minibus market

Mazda joins the luxury minibus market By Russell Williamson MAZDA, under the auspices of its local importer Indomobil, is to join the growing number of manufacturers introducing upmarket people movers. On display at the Jakarta Auto Expo is the company's up and coming A2000 eight-seater family car. The A2000 is being shown to whet the appetites of the buying public and is expected to go on sale about October.

Nissan previews new flagship Infiniti

Nissan previews new flagship Infiniti By 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 Infiniti in about March next year and is displaying the car at the Jakarta Auto Expo, which starts today. The front wheel drive 3000cc V6-powered luxury sedan is expected to be priced about Rp 150 million.

Portugal to study East Timor

Portugal to study East Timor DILI, East Timor: Dili regent Dominggos M.D. Soares said that he welcomes a Portuguese plan to study the development of East Timor after joining Indonesia in 1976. "It is a positive non-political effort that could help amicably resolve the East Timor political problem," he said yesterday as quoted by Antara. The planned study was proposed by East Timorese in exile during a recent meeting between pro- and anti-integration East Timorese.

Australia's sports car makes debut in Indonesia

Australia's sports car makes debut in Indonesia By Russell Williamson ORBITAL Engine Company may be an unfamiliar name to Indonesians, but it is one which is likely to become very well- known in the near future. The Australian-built Orbital powered S2S sports car -- on display at the Jakarta Auto Expo -- is being shown for the first time outside Australia and may have a particular significance for Indonesian consumers.

Students stage demonstration

Students stage demonstration UJUNGPANDANG, South Sulawesi: About 50 Indonesian Moslem University students spent last night at the provincial legislative council building. They were pressing for the court-martialling of the 12 security officials believed responsible for the April deaths of three student demonstrators. The local military and government have promised to bring the soldiers to court but have shown no sign that they will fulfill their promise, they said.

Soeharto Cup to resume

Soeharto Cup to resume JAKARTA (JP): More than 40 horses will take part in the 30th Soeharto Cup national horse racing championships first series at the Pulo Mas track tomorrow. Committee chairman Ferialdy Adnoes said the national prestigious championships will feature nine races, with the 1,850 meter Derby Indonesia topping the main attraction of the annual event. The organizer will provide a Rp 25 million (US$10,600) prize for the Derby race, with 12 horses from six provinces taking part.

Toyota offers its vision for future development

Toyota offers its vision for future development By 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. In addition to having its full model lineup on show, the company has procured two concept vehicles and two high-technology luxury production models from its Japanese parent company.

Indonesia urged to ratify ILO convention on child labor

Indonesia urged to ratify ILO convention on child labor JAKARTA (JP): The Second National Conference on Child Labor in Indonesia ended yesterday with a call to ratify the International Labor Organization (ILO) Convention no. 138 as a presidential decree, Antara reported. Without the ratification of the document, which determines the minimum working age for children, differences as to how the problem of child labor should be solved would remain, the conference pointed out.

Ford move to European-sourced product

Ford move to European-sourced product By 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. The Escort is likely to replace the present Mazda-sourced Japanese-built Laser as Ford's small car competitor.

RI pulp production expected to reach 11.1m tons by 2010

RI pulp production expected to reach 11.1m tons by 2010 JAKARTA (JP): Indonesia's annual pulp production is expected to reach 11.1 million tons by the year 2010 with the help of 16 new pulp mills in the country, says Chairman of the Indonesian Pulp and Paper Association M. Mansur. Mansur said the figure was based on a government ruling issued in June, 1995, which allows the opening-up of new pulp projects.

Sour and sweet always meet

Sour and sweet always meet Mr. Coelho turned a pale shade of yellow When he was maligned in a letter unsigned And Farid Baskoro couldn't take any more - o When journalists Western, asking difficult questions About RI planes, gave him terrible pains. Pak Arman says, "Please, take away all Chinese, I can't stand their wealth, their success or their health." Pak Djuana considers today's generation An insult to the Indonesian nation. And Mr.

PT Timah's profits up 64%

PT Timah's profits up 64% JAKARTA (JP): PT Tambang Timah, a listed tin mining company, announced a 64 percent increase in its net profit yesterday to Rp 70.6 billion (US$30.17 million) in the first semester of this year from Rp 43 billion in the same period of 1995. The company attributed the profit rise to an increase in its sales volume and the strengthening of tin prices on the world market.

Asuransi Astra issues new policy

Asuransi Astra issues new policy JAKARTA (JP): PT Asuransi Astra Buana is to launch a new policy, an integrated housing insurance scheme called "Garda Puri", under its program to diversify its insurance services. "Garda Puri will provide an integrated housing insurance policy from any risks of robbery, fire and personal accidents," Astra's business manager Indra Baruna said.

Singapore bans political videos

Singapore bans political videos SINGAPORE (AFP): Singapore yesterday banned the island's main opposition group from selling a political video ahead of general elections expected later this year, saying parties should not be sold like soap. "The government is of the view that political videos are an undesirable medium for political debate in Singapore," the ministry of information and the arts said in announcing the ban on the Singapore Democratic Party (SDP) video.

Shuttler Joko leads Indonesia's march for medals

Shuttler Joko leads Indonesia's march for medals ATLANTA, Georgia (Agencies): Joko Suprianto, top seed in the men's singles badminton competition, enjoyed the lightest of warm-ups in his debut at the Olympic Games on Thursday. The 30-year-old Surakarta-based player erased his bitter memory of being denied a place in the Indonesian team four years ago with an easy 15-1, 15-5 second-round win over Pontus Jantti of Finland.

Chrysler's Sebring convertible sure to be a showstopper

Chrysler's Sebring convertible sure to be a showstopper By 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. From its launch nearly two years ago, the Cherokee has notched up sales of almost 3000 cars for the local assembler and distributor, PT Ningz Pacific.

Indosat wants Partyline ads blocked

Indosat wants Partyline ads blocked JAKARTA (JP): PT Indosat, the state-owned telecommunications provider, wants all advertisements for call-back services -- widely known as Partyline -- to be blocked. In an official letter, a copy of which was sent to The Jakarta Post yesterday, Indosat spokesman J.B. Basuki called on electronic and printed media to drop such advertisements.

EU trade caution catches Asians unaware

EU trade caution catches Asians unaware BRUSSELS (Reuter): European officials say their Asian counterparts, having prepared table-thumping responses to expected criticism of their trade policy, may have been won over by a softly-softly European Union approach. As they made their way home yesterday, after two days of talks here, senior Asian trade officials can be forgiven for being a little confused.

Bank Bali's ATM

Bank Bali's ATM From Kompas At around 5:30 a.m. on June 5, I went to Bank Bali's automatic teller machine (ATM) at Kopo Permai in Bandung, West Java to collect Rp 800,000. It is not possible to collect that amount with one push of the button. The first push yielded Rp 400,000. The second one also produced the same amount of money but the 20 bills of Rp 20,000 got stuck in the collection box and after some time were swallowed by the machine.

Opel tests the local market with niche vehicles

Opel tests the local 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. With three new Opel models being launched and three other automobiles being previewed, the company appears to be optimistic about the future.

2.5m Indonesian set to work abroad by 2000

2.5m Indonesian set to work abroad by 2000 JAKARTA (JP): The government expects at least 2.5 million Indonesians to be employed overseas by year 2000, contributing about US$12.5 billion in foreign exchange a year, a minister says.

JSX shares plunge 1.3% on profit taking

JSX shares plunge 1.3% on profit taking JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) closed 1.3 percent lower yesterday, bringing the week's total loss to 3.2 percent due, due to foreign selling pressures and profit-taking by local investors on concerns about a possible U.S. interest rate hike and domestic political instability.