Indonesian Political, Business & Finance News

Archive: 27 July 1996

Showing 51-68 of 68 articles

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.