Indonesian Political, Business & Finance News

Archive: 3 July 1996

55 articles found

Cotton spinners told to seek new suppliers

Cotton spinners told to seek new suppliers JAKARTA (JP): The newly-established Indonesian Cotton Consumer Club (ICCC) called on its members yesterday to seek new cotton suppliers from the United States other than Calcot Ltd.

Megawati barred from 1997 poll

Megawati barred from 1997 poll JAKARTA (JP): The government made it clear yesterday that embattled chief of the minority Indonesian Democratic Party (PDI), Megawati Soekarnoputri, will be barred from next year's general election.Minister of Home Affairs, Moch. Yogie S.M.

Foreign shuttlers win in Bumiputera meet

Foreign shuttlers win in Bumiputera meet JAKARTA (JP): Teen shuttlers from Chinese Taipei, Malaysia, India and Denmark notched first-round wins over their minnow hosts on the first day of the Bumiputera Open Badminton Championships at Senayan Badminton Hall yesterday evening.Until 6 p.m.

Prison island opens for tourits

Prison island opens for tourits CILACAP, Central Java: Nusakambangan, feared as a dreaded prison island where hardcore criminals are locked up, was officially opened to tourists over the weekend.Unlike other tourist attraction, Nusakambangan is "special" in that visitors get an escort from the...

TV replaces absent parents as role models in Philippines

TV replaces absent parents as role models in Philippines MANILA (AFP): In the Philippines, child viewers are making role models out of television programs as they turn to the "idiot box" to compensate for absent parents -- usually working as maids abroad.

Espinosa vows to knock out Mexican challenger Soto

Espinosa vows to knock out Mexican challenger Soto MANILA (AFP): World Boxing Council featherweight champion Luisito Espinosa of the Philippines vowed yesterday to knock out challenger Cesar Soto in the fifth round here Saturday to make him his third Mexican victim in seven months.

Violating night spots to be shut down

Violating night spots to be shut down JAKARTA (JP): The public order office will continue taking firm action against establishments that violate city regulations.Kusaeni Budiantoro, who heads the office, said yesterday that his office will not act based on the common procedure, which requires the...

Organized crime is here

Organized crime is here President Soeharto on Monday asked the National Police to address the problem of organized crime. In his speech marking the force's 50th anniversary, Soeharto said our police should devote special attention to the issue, looking not only at the growing number of organized...

Carting meet at Sentul

Carting meet at Sentul JAKARTA (JP): A Five-leg carting championship will be held at a newly built carting circuit of international standards in Sentul, West Java, Trendypromo Mandira announced yesterday.

Expats to be given property rights

Expats to be given property rights JAKARTA (JP): Minister of Public Housing Akbar Tandjung said yesterday that his office is now preparing guidelines for property ownership by foreigners."No property transaction by foreigners will be allowed before the guidelines are issued," Akbar told journalists...

Indonesia Air Show

Indonesia Air ShowFrom Media IndonesiaEverybody knows that Indonesia is now making serious efforts towards building industries using sophisticated technology, particularly in the field of aviation.The air show should have aimed to educate young people about aviation.

Regent's directive needed

Regent's directive needed TANGERANG, West Java (JP): A Tangerang regency regulation issued last year on a levy imposed on privately-owned market building owners has yet to be enforced, pending the regent's directive.

Tourism target questioned by experts

Tourism target questioned by experts JAKARTA (JP): A meeting of the Indonesian Hotel and Restaurant Association questioned the country's ability to attract the government's target of over 11 million tourists in 2005, spending US$15 billion.

Spotlight

SpotlightPhoto A: CocktailJP/byiCOCKTAIL PARTY: Ibnu Sutowo, former president of the state-owned oil company Pertamina (second from left), chatting with RH Betts, former director and adviser to the Indonesian program of the World Wide Fund for Nature (second from right) and her husband (left) and...

Borobudur temple

Borobudur templeFrom KompasThe Borobudur Temple in Central Java is popularly regarded as one of the seven wonders of the world. But in some reference books, it is never referred to in that way.In spite of this, Borobudur continues to attract foreign tourists.

Lawyer threatens hunger strike for Adi Andojo

Lawyer threatens hunger strike for Adi Andojo JAKARTA (JP): Moral support for Justice Adi Andojo Soetjipto, now facing dismissal for his public allegations of corruption on the Supreme Court, continued pouring in yesterday.

New reason for Timika shooting

New reason for Timika shooting JAKARTA (JP): Armed Forces (ABRI) Chief Gen. Feisal Tanjung said yesterday that the soldier who shot dead 16 people, mostly soldiers, in Irian Jaya in April was suffering "mental stress", not tropical malaria as originally stated by a preliminary investigation.

Rapid growth raises fears

Rapid growth raises fears KUALA LUMPUR (AFP): Malaysia's economic policies will allow 1996 growth to exceed the central bank's 8.3 percent target, triggering possible concerns about stability, a foreign research firm said yesterday.

RI studies report on Aussie journos' death

RI studies report on Aussie journos' death JAKARTA (JP): The government said yesterday it was "carefully studying" a report alleging its troops killed five Australian journalists in East Timor in 1975.Minister of Foreign Affairs, Ali Alatas, said the Australian Government's report, on initial...

Japanese bank's loans to RI

Japanese bank's loans to RI TOKYO (Reuter): The Export-Import Bank of Japan has agreed with the Indonesian government to make 53 billion yen of untied loans to private corporations in Indonesia, including venture businesses, a bank official said yesterday.

Officials warned over sale of 'wakaf' land

Officials warned over sale of 'wakaf' land TANGERANG, West Java (JP): Those involved in the sale of a wakaf plot of land -- including the Kadu village chief, the subdistrict chief and an official from the regency's inspectorate office -- should be held responsible for their actions, the local...

Freeport never cheated Irian tribes: Official

Freeport never cheated Irian tribes: Official JAKARTA (JP): A senior official of PT Freeport Indonesia yesterday denied charges that the giant gold and copper mining company had cheated local Irianese in its trust fund deal.

Reclamation project

Reclamation project JAKARTA (JP): Belgian-based Dredging International has won the contract for reclamation of a 55-hectare area at Ancol Barat in North Jakarta.The area to be reclaimed is located west of the port at Tanjung Priok and is allotted for residential and industrial development.

Singapore port goes overseas

Singapore port goes overseas SINGAPORE (AFP): The Port of Singapore Authority (PSA), looking for sources of growth beyond the tiny island, launched yesterday its first international port venture in Dalian, China.

Cambodian police chief here to forge ties

Cambodian police chief here to forge ties JAKARTA (JP): Cambodian Police Chief, Lt. Gen. Hok Lundy, and five senior officers visited the Jakarta Metropolitan Police headquarters on Jl. Gatot Subroto, South Jakarta yesterday to forge closer cooperation and assistance with the Indonesian police.

Youths question military presence in East Timor

Youths question military presence in East TimorBy T. Sima Gunawan DILI, East Timor (JP): East Timorese Catholic youths questioned yesterday the presence of the military and its "excessive" authority over the region.

Students take Islamic course during holidays

Students take Islamic course during holidaysBy Fitriyanti Djoni JAKARTA (JP): Most teachers send students off on their annual school holiday with a message that they spend their time wisely and engage only in activities which are educational and beneficial.

All Steady Safe buses suspended

All Steady Safe buses suspended JAKARTA (JP): The Land Transportation Control Agency (DLLAJR) will temporarily revoke the operation permits of all Steady Safe bus fleets today for repeatedly breaching city regulations, city administration spokesman Soesila Darmoadji said yesterday.DLLAJR chief J.P.

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,...

Six sports added to SEA Games' second category

Six sports added to SEA Games' second category JAKARTA (JP): Six Southeast Asian Games' sports were upgraded from its third category to its second category yesterday.A two-day SEA Games Federation council meeting, attended by nine delegates from eight countries, decided that 10-pin bowling, golf,...

S'pore oil products steady, gas oil active

S'pore oil products steady, gas oil active SINGAPORE (Reuter): Singapore oil products prices were steady yesterday with activity again centering on gas oil, traders said.Three deals were heard traded for end-July delivery at wide ranges.

Masters works on display

Masters works on display JAKARTA (JP): Le Musee Imaginaire, a celebrated association of painters, will hold an exhibition of 100 "imitated" paintings of world-famous masterpieces from July 12 to July 19 at the Jakarta Hilton Hotel's Lagoon Tower.

RP Christians protest against Moro peace plan

RP Christians protest against Moro peace plan ZAMBOANGA, Philippines (AFP): Thousands of Christians staged a show of force here yesterday, laying siege to visiting President Fidel Ramos with demands to exclude them from a planned autonomy deal with Moro rebels.

Central Bank wants bad banks acquired

Central Bank wants bad banks acquired JAKARTA (JP): Bank Indonesia is seeking investors to take over financially troubled banks, says the central bank's governor, J. Soedradjad Djiwandono.Soedradjad said that the central bank is also looking at the option of merging financially distressed banks...

S. Korean investment abroad up

S. Korean investment abroad up SEOUL (AFP): Approvals for overseas investments by South Korean firms soared 66.7 percent year-on-year to US$2.5 billion in the January-May period, the Bank of Korea said yesterday.The five-month investment approvals for 700 offshore projects compared with $1.

Japanese investment grows despite 'national car' dispute

Japanese investment grows despite 'national car' dispute JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo said yesterday that Japanese investments in the country continue to increase, despite Japan's objection to Indonesia's "national car" policy.

Other ways to spend vacation days

Other ways to spend vacation days JAKARTA (JP): How do students fill their month-long school holidays?"Not everybody can join the Pesantren Kilat (Islamic short course) at my school. Only some of us can participate," said a student in Jakarta.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on July 2, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 800 0 11,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 650 -25 22,500 Andayani Megah 1,200 25 1,319,500...

No escort, no trial

No escort, no trial DILI, East Timor: The district court here has postponed the trial of five youths charged with organizing illegal meetings because no security personnel was available to escort the defendants yesterday from the detention house.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 Game Show: Fun House 3:00 News: Lintasan Berita 3:05 Children Program: Arena 123 3:30 TV Series: Roseanne 4:05 TV Drama: Tiada Pilihan 4:30 Documentary 5:00 Evening News 5:30 Indonesian Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved...

Institute to hold research contest

Institute to hold research contest JAKARTA (JP): The Indonesian Institute of Sciences will hold a research proposal contest for winners of its annual Young Scientist Contest.John Pasaribu of the institute's science and technology department said here yesterday that 16 promising scientists will...

Embattled Thai bank governor resigns

Embattled Thai bank governor resigns BANGKOK (AFP): Thailand's embattled central bank chief, Vijit Supinit, resigned yesterday after months of rumors and growing criticism about his handling of a commercial bank scandal.

Legislators urge govt to stop timber brokers

Legislators urge govt to stop timber brokers JAKARTA (JP): Members of the House of Representatives yesterday called on the government to take stricter action against timber brokers who design plans to intentionally buy illegally-felled timber.

10,000 illegal workers deported

10,000 illegal workers deported PEKANBARU, Riau: Nearly 10,000 Indonesians deported by Malaysia arrived at Dumai port between January and April this year, a local official said yesterday.A spokesman for the Riau immigration office Sudarjono said that several thousand other illegal Indonesian...

Protests challenge the government

Protests challenge the government Following the controversial government-backed congress of the tiny Indonesian Democratic Party in Medan last month, street demonstrations have been held in Jakarta and other cities. Sociologist Kastorius Sinaga comments on possible developments.

Spanish aid

Spanish aid I read in your newspaper on Friday, June 21, 1996, about the pledges by members of the Consultative Group for Indonesia. Unfortunately -- and I suppose by mistake -- your paper omitted Spain's pledge of US$62.5 million in the Paris meeting.

Quality of water upsets residents

Quality of water upsets residents TANGERANG (JP): Residents in the Bumi Kelapa Dua complex in Curug district have been complaining since Monday about the quality of water supplied to their houses by the state-owned tap water company PDAM.

Dengue fever

Dengue fever I'd like to respond to two items recently discussed in The Jakarta Post. First, regarding the decision by the city fathers to keep silent about the wave of dengue fever sweeping Jakarta so that the number of tourists coming here will not be affected.

Three people testify in Kramatdjati Bus trial

Three people testify in Kramatdjati Bus trial BOGOR, West Java (JP): Three people taking the witness stand at the trial of a Kramatdjati bus driver charged with murder told the Bogor District Court on Monday that the driver had been negligent when driving.

Sumitomo in mine deal

Sumitomo in mine deal TOKYO (Reuter): Japan's Sumitomo Corp said yesterday that it and Newmont Mining Corp of the United States had signed an agreement to develop the Batu Hijau copper/gold deposit in Indonesia.

Golkar foresees landslide win in 1997

Golkar foresees landslide win in 1997 SEMARANG (JP): Top leaders of the ruling party Golkar are predicting a landslide victory in next year's general election.However, an intellectual warned contestants yesterday that electoral victory, no matter by how big a margin, would be morally useless if it...

Lippo Securities

Lippo SecuritiesCorrection: In the July 1 article Lippo to issue rights shares on page 10, the second paragraph should have read "... shareholders, registered as of July 12, can subscribe to three new shares for every two existing shares," instead of "for every share".

Pertamina asks government to review gas subsidy

Pertamina asks government to review gas subsidy JAKARTA (JP): The state-owned oil company Pertamina urged the government yesterday to review gas utilization subsidies, saying that they are likely to discourage gas exploration and disturb Indonesia's gas supply.

Wardiman to open Edufair

Wardiman to open Edufair JAKARTA (JP): Minister of Education and Culture Wardiman Djojonegoro is scheduled to open a four-day education fair called Edufair Jakarta '96, which will take place at the lower lobby of the Jakarta Convention Center.

One arrested, two queried over Green Garden killing

One arrested, two queried over Green Garden killing JAKARTA (JP): A 27-year-old man has been arrested by West Jakarta police for allegedly killing a man believed to be a foreigner at the Green Garden housing complex in the Kedoya Utara subdistrict of Kebon Jeruk.