Indonesian Political, Business & Finance News

Archive: 9 August 1996

56 articles found

Macroeconomic stability vital for investment

Macroeconomic stability vital for investment JAKARTA (JP): Minister of Finance Mar'ie Muhammad said yesterday that the government would continue to pursue macroeconomic stability to attract more foreign investment into the country.

Motorbikes donated to mayoralty

Motorbikes donated to mayoralty JAKARTA (JP): One hundred motorcycles worth Rp 430 million (US$183,000) will be donated to the North Jakarta mayoralty office, the Jakarta Military Command and the Jakarta Police Headquarters today.

Siswanto shows police five 'killing fields'

Siswanto shows police five 'killing fields' JAKARTA (JP): Siswanto, the alleged sodomizer and killer of 12 boys, has shown the police the five locations in Kemayoran, Central Jakarta, where he said he had left the bodies of five of his victims.Central Jakarta Police Chief Lt. Col.

Soldiers to be questioned

Soldiers to be questioned BANDUNG, West Java: Chief of the military police at the Siliwangi regional military command Col. Iding Alidin said five soldiers will be interrogated for allegedly abusing Dada, a 20- year-old resident of Cireyod, Cikole village, Lembang district.

Indonesia's triumph

Indonesia's triumph I refer to the letters dealing with Atlanta 96. Although I join the chorus of praise for the performances of all athletes, I believe there is something equally important: the Indonesian "triumph.

Rights body finds flaws in party office takeover

Rights body finds flaws in party office takeover JAKARTA (JP): The National Commission on Human Rights continued yesterday with their effort to investigate possible human rights violations committed during the forced takeover of the Indonesian Democratic Party (PDI) headquarters recently.

JP/4/Window/Sasmita2

JP/4/Window/Sasmita2 Indonesia in the future will have more urban dwellers, more people working in modern skill intensive factories and a larger and more professionally oriented service sector. 4/Stockwin The risk is that Kremlin in-fighting will so intensify that real gains will be minimized.

Man burns in shackles

Man burns in shackles GORONTALO, North Sulawesi: Twenty-six-year-old Ahmad Yahya died on Tuesday night after his hut, in which he had been kept in shackles, caught fire.The farmer of Talulobuto village, Tapa district, was burned to death not far from the house of his parents who put him in shackles...

BII expects 20% rise in pretax profit

BII expects 20% rise in pretax profit JAKARTA (JP): Publicly-listed Bank Internasional Indonesia (BII) forecasted yesterday that it will book no less than a 20 percent increase in pre-tax profit this year from last year's level of Rp 269.87 billion (US$114.74 million).The bank's president, Edward H.

RI needs new political foundations

RI needs new political foundations JAKARTA (JP): Indonesia needs to reappraise the building blocks of its political stability now that new aspirations are emerging, economic and structural changes are occurring and new social classes are growing, a senior economist observed yesterday.

Groundwater polluted

Groundwater polluted SURABAYA, East Java: Residents here consume polluted water because 90 percent of the city's groundwater is contaminated by domestic waste, according to an official.Head of the regional development planning agency Sadjarwo Sakardiman said here yesterday that only 60 percent of...

Indointernet: E-Mail blocked?

Indointernet: E-Mail blocked? Since Aug. 7, subscribers to "Indointernet" in Rawamangun, Jakarta, cannot write nor receive e-mail. Every time you log in, an announcement will appear on your screen: "We apologize that our e-mail service is temporarily unavailable.

Anti-'dwifungsi' groups criticized

Anti-'dwifungsi' groups criticized JAKARTA (JP): Vice President Try Sutrisno warned the public yesterday against "looking for trouble" by making an issue of the military's Dwifungsi doctrine which allows the Armed Forces (ABRI) to play politics.

Yayuk makes headline with upset victory

Yayuk makes headline with upset victory MONTREAL (Agencies): Indonesian tennis star Yayuk Basuki should be all smiles when she retires from the tennis circuit at the end of this season after scoring her greatest career win in the second round of the US$926,250 Canadian Open women's tennis...

Singapore to boost ties with RI

Singapore to boost ties with RI JAKARTA (JP): Singapore, celebrating its 31st National Day today, plans to strengthen its relationship with Indonesia.Singapore Ambassador to Indonesia, Edward Lee, said that the opening of the Bintan Beach International Resort by President Soeharto and Singapore...

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,...

Great River, salim to form joint ventures

Great River, salim to form joint ventures JAKARTA (JP): PT Great River International, a publicly-listed clothing producer, said yesterday it would set up two joint ventures with the Salim Group's PT Indomulti Inti Industry with a combined investment of Rp 200 billion (US$84 million).

Workers asked to beware of infiltration

Workers asked to beware of infiltration JAKARTA (JP): President Soeharto told workers yesterday to be alert for the infiltration of interest groups intent on instigating strikes."The President has called on workers nationwide to consolidate their organizations so that they won't be easily fooled by...

Aspac, Indosyntec to meet in final

Aspac, Indosyntec to meet in final JAKARTA (JP): Defending champion Aspac of Jakarta capitalized on Bima Sakti Nikko Steel's last-minute fouls to edge out the Malang club 76-68 (36-38) in the Kobatama national basketball league final four matches yesterday.

Indonesia's triumph

Indonesia's triumph I refer to the letters dealing with Atlanta 96. Although I join the chorus of praise for the performances of all athletes, I believe there is something equally important: the Indonesian "triumph.

Asia-Pacific enjoys new growth

Asia-Pacific enjoys new growth This is the second of two articles based on a paper presented by State Minister for National Development Planning/Chairman of Bappenas Ginandjar Kartasasmita at a seminar organized by The Jakarta Post and the Asia Pacific Economics Group.

Kwangju companies look for partners

Kwangju companies look for partners JAKARTA (JP): Thirteen industry executives from Kwangju, South Korea, are here looking for Indonesian joint venture partners to develop their markets in the Asia-Pacific region.

Forex policy not merely for exports

Forex policy not merely for exports JAKARTA (JP): Bank Indonesia Governor J. Soedradjad Djiwandono said yesterday that the central bank would not pursue a foreign exchange policy to merely boost exports.Soedradjad said that allowing the rupiah to depreciate faster against the U.S.

Honda to build new plant

Honda to build new plant JAKARTA (JP): PT Federal Motor, the producer of Honda motorbikes, will build a new factory with an annual production capacity of 500,000 units here with investment of about US$100 million, the company's vice president, Ridwan Gunawan, said.

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.

Soeyono inspects presidential guards

Soeyono inspects presidential guards JAKARTA (JP): Armed Forces General Affairs Chief Lt. Gen. Soeyono visited the headquarters of the presidential guards yesterday on Jl. Tanah Abang, Central Jakarta.During the three-hour visit, Soeyono, who was accompanied by the guards' commander Brig. Gen.

'Bemo' replacement vans to use liquid gas

'Bemo' replacement vans to use liquid gas JAKARTA (JP): The city administration is to power new minivans with liquid gas in an effort to reduce the city's pollution.The deputy governor for economic and development affairs, Tb. M.

Poverty spurs Soeharto to seventh-term: Juwono

Poverty spurs Soeharto to seventh-term: Juwono JAKARTA (JP): A senior official of the military's think-tank predicted yesterday that President Soeharto will run for a seventh term in 1998 out of his obsession to eradicate absolute poverty.

Night transportation lacking in Tangerang

Night transportation lacking in Tangerang TANGERANG (JP): Commuters living in Tangerang are still finding it difficult to reach home from their workplaces in Jakarta.Frequently, it takes a couple of hours before they acquire buses to the Cimone or Cikokol terminals.

Olympic spikers start GP series

Olympic spikers start GP series JAKARTA (JP): World-class volleyball teams from Brazil, the United States, the Netherlands and South Korea will return to the playing field after their Olympic campaigns in the first leg of the World Women's Volleyball Grand Prix (GP) series from Aug. 30 to Sept.

Garuda opens new office

Garuda opens new office JAKARTA (JP): State-owned air carrier Garuda Indonesia opened a new office on Jl. Gunung Sahari in Central Jakarta yesterday to improve its public service in the city.Garuda's general manager for Jakarta, Iwan Handoko Susilo, said yesterday that the new eight-story office...

Keep our sky blue

Keep our sky blue Without much fanfare, State Minister of Environment Sarwono Kusumaatmadja launched the Blue Sky program in Semarang on Tuesday which aims to improve the quality of air in Indonesia's big cities.

More protest from minivan drivers

More protest from minivan drivers TANGERANG (JP): Another protest by minivan public drivers was staged yesterday by at least 100 drivers who went to the office of the Land Transportation and Traffic Agency.

Official expects cellular tenders to be transparent

Official expects cellular tenders to be transparent JAKARTA (JP): A senior official of the National Development Planning Board (Bappenas) expects that the most-awaited cellular telecommunications tender will go transparent even before the lucrative bids are opened by the government.

Pertamina to go to Uzbekistan

Pertamina to go to Uzbekistan JAKARTA (JP): The state-owned oil company Pertamina is to expand its oil exploration activities to Uzbekistan, a former Soviet Union republic rich in oil and gas reserves, a company director said."We're sounding out the possibility of oil exploration there.

TV today

TV todayTVRI 2:30 p.m. Travel: Wajah Negeriku 2:35 TV Series: Budgie 3:00 TV Series: Remaja Indonesia 3:30 TV Series: Fresh Prince of Bell Air 4:00 Comedy 4:30 Quiz: Cerdas Cermat 4:55 Filler 5:00 Evening News 5:30 Creation 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country: Jakarta...

An expanding field

An expanding field The enthusiasm of private investors to do business in the telecommunications sector continues. This is evident from the fact that scores of companies have already expressed their desire to participate in the personal communication service (PCS) project, the tender for which the...

Alleged robber shot dead

Alleged robber shot dead JAKARTA (JP): A man attempting to grab a bank customer's purse was shot dead by a police officer in Tambora, West Jakarta yesterday.This marked the fourth attempted robbery of a bank customer or person assigned to withdraw money from a bank this month.

Tangerang police arrest actress in huge Ecstasy haul

Tangerang police arrest actress in huge Ecstasy haul TANGERANG (JP): Local police detectives have arrested a television actress for allegedly possessing 29,677 Ecstasy pills worth over Rp 1.78 billion (US$757,700).

Poor info breeds rumors: Consultant

Poor info breeds rumors: Consultant JAKARTA (JP): A lack of honest information is sure to breed rumors, a management consultant from the University of Indonesia, Rhenald Kasali, said yesterday at a seminar on economics.

Garuda responds

Garuda responds In regard to the letter entitled Garuda delays in The Jakarta Post of July 30, 1996, I would like to thank Mr. Robert Wood for taking the time to let us know of his recent experiences with Garuda Indonesia.

Developers urged to build roads

Developers urged to build roads JAKARTA (JP): Developers of housing complexes in areas around Jakarta are being urged to participate in building roads between the city and its outskirts.Deputy Governor for Economic and Development Affairs Tb. M.

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.

Aisa-Pacific undergoes unprecedented growth

Aisa-Pacific undergoes unprecedented growthThe following article is an excerpt from a paper presented by State Minister for National Development Planning/Chairman of Bappenas Ginandjar Kartasasmita at a seminar organized by The Jakarta Post and the Asia Pacific Economics Group.

Indonesian fishermen charged in Australia

Indonesian fishermen charged in Australia PERTH, Australia (AFP): The skipper and two crew members of another Indonesian vessel apprehended in Australian waters face fines of up to 25,000 Australian dollars (US$19,375) if convicted when they appear in court yesterday on illegal fishing charges.

Student stabbed to death

Student stabbed to death JAKARTA (JP): A student of an engineering high school was allegedly killed by a group of 20 youths in front of the Kota railway station in West Jakarta.A police officer at the Taman Sari Police subprecinct said that the victim, Suwarno, 19, was stabbed with a knife by one...

Consortium to start gas project at once

Consortium to start gas project at once CALGARY (Reuter): Gulf Canada Resources Ltd and Talisman Energy Inc said that construction of the Corridor Block Gas Project in South Sumatra, Indonesia would begin immediately.The companies said a consortium comprising PT Pertafenikki Engineering, JGC Corp.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 8, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,000 -175 7,500 AHAP Insurance 2,700 0 0 Alumindo Perkasa 675 0 6,000 Andayani Megah 1,300 -75...

Liquidity problem still hinders capital market

Liquidity problem still hinders capital market JAKARTA (JP): Several panelists at a conference here hinted yesterday that poor liquidity will remain a major problem hampering the growth of the Indonesian capital market due to a lack of large free floats and domestic investor participation.

Saptohoedojo exhibition in town

Saptohoedojo exhibition in town JAKARTA (JP): Works by maestro Saptohoedojo of Yogyakarta are on display at the Bentara Budaya building on Jl. Palmerah Selatan.The exhibition was opened on Wednesday evening by Vice Deputy of the National Development Planning Board Bambang Kesowo, representing...

Business leaders to prepare APEC free-trade blueprint

Business leaders to prepare APEC free-trade blueprint SINGAPORE (AFP): Asia-Pacific business leaders are to meet in Hawaii next week to launch work on a blueprint to hasten trade and investment liberalization in the region, officials said here yesterday.

Riots incited by disparity, scholars say

Riots incited by disparity, scholars say JAKARTA (JP): Observers have asked the government to look deeper for the causes of recent violence, saying that prevailing social and economic inequity is providing fertile soil in which communism can flourish.

Japanese students perform in concert

Japanese students perform in concert DENPASAR, Bali: A group of Japanese students will perform in the International Indonesia-Japan Concert at the Bali International Convention Center on Aug. 23, Antara reported yesterday.

RI to exhibit pithecanthropus

RI to exhibit pithecanthropus BANDUNG, West Java: Indonesia is taking part in a pithecanthropus exhibition in Tokyo, for which some 30 prehistoric human and animal fossils from the Bandung Museum of Geology will be flown to Japan.

Poor management may stall agricultural development

Poor management may stall agricultural development KUTA, Bali (JP): Poor management and lack of coordination among research centers, government offices and universities may impede agricultural development and threaten the security of Indonesia's food supplies, academicians say.Steve R.

Indointernet: E-Mail blocked?

Indointernet: E-Mail blocked? Since Aug. 7, subscribers to "Indointernet" in Rawamangun, Jakarta, cannot write nor receive e-mail. Every time you log in, an announcement will appear on your screen: "We apologize that our e-mail service is temporarily unavailable.