Indonesian Political, Business & Finance News

Archive: 18 September 1996

50 articles found

S'pore port prepares for Asian trade boom

S'pore port prepares for Asian trade boom SINGAPORE (AFP): The Port of Singapore Authority (PSA) completed the construction of two new berths yesterday as it moves to double its container-handling capacity to cope with a rapid rise in Asian traffic.

Indonesia to join Indian Ocean grouping

Indonesia to join Indian Ocean grouping JAKARTA (JP): Indonesia along with 13 other countries are set to launch the Indian Ocean Rim Association for Regional Cooperation (IOR-ARC) next year as a vehicle to further enhance cooperation among countries in the region.

Handicapped display works

Handicapped display works JAKARTA (JP): The Yayasan Seni Rupa Indonesia (Indonesian Fine Arts Foundation) is slatted to display the works of handicapped painters at the Regent Hotel, South Jakarta, from Sept. 28 to Sept. 30.Mrs.

Bank Niaga plans rights issue

Bank Niaga plans rights issue JAKARTA (JP): Publicly-listed Bank Niaga will issue rights shares to increase its paid-up capital from Rp 157.57 billion (US$68.2 million) to Rp 189.09 billion in November, the company said in a statement here yesterday.

Spotlight

SpotlightPhoto A: LongueJP/obyNEW MUSIC LOUNGE: The general manager of the Ambhara Hotel, Ibrahim Pierce (second left) poses with Paul Siregar, director of PT Aeroraya International Hotels (third left), Taruna Renier, director PT Ambhara (third right), and Usman Ja'far, president of A.

Six men arrested over fatal attack in South Jakarta

Six men arrested over fatal attack in South Jakarta JAKARTA (JP): Cilandak police detectives in South Jakarta have arrested six men, including a high school student, believed to have fatally attacked two customers of a street food trader.

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,...

16 ITB students suspended

16 ITB students suspended BANDUNG (JP): Sixteen university students of the prestigious Bandung Institute of Technology (ITB) have been suspended for taking part in the initiation week that led to the death of a first-year student early this year.

Indonesia hopes to spur trade, investment with Chile

Indonesia hopes to spur trade, investment with Chile SANTIAGO, Chile (Agencies): Indonesian Foreign Minister Ali Alatas said on Monday he hoped to spur trade and investment between Chile and his country, which he admitted "does not have a perfect democratic system.

Typhoon hits Manokwari

Typhoon hits Manokwari MANOKWARI, Irian Jaya: One person went missing and five fishing platforms were destroyed when a typhoon hit Doreri Bay over the weekend, a press report said yesterday.The northwest-bound typhoon swept through Manokwari at a speed of 60 kilometers an hour on Saturday,...

PT Pos Indonesia

PT Pos IndonesiaFrom Bisnis IndonesiaData Business Indonesia's Christianto Wibisono was right in suggesting that PT Pos Indonesia should diversify its business. Especially since the company is in a transition period, going from an atomic era to a more revolutionary stage, as forecasted by Nicholas...

Insurance firms told to pay out claims promptly

Insurance firms told to pay out claims promptly JAKARTA (JP): The Ministry of Finance's director of insurance, Sophar Toruan, told insurance firms yesterday that delaying insurance claim payments is against government regulations.

Hockey row erupts ahead of PON finale

Hockey row erupts ahead of PON finale JAKARTA (JP): A hockey row made headlines yesterday as the 14th National Games braces for a gallant closing ceremony.The organizing committee prompted a break in yesterday's frenetic competition with the disqualification of women's hockey as a medal event.

Males to be taxed as family heads in foreigners tax bill

Males to be taxed as family heads in foreigners tax bill JAKARTA (JP): A councilor says foreign wives of Indonesian men are unlikely to be considered as heads of families in the bill on foreigners tax.Helmy AR Syihab, the chairman of Commission C for city revenue, said that in the case of...

Asian airlines take 18 percent jet fuel hike in stride

Asian airlines take 18 percent jet fuel hike in stride SINGAPORE (Reuter): Asian airlines are unfazed by the 18 percent rise in benchmark Singapore jet fuel prices so far this year, industry sources said yesterday.

A unique relationship

A unique relationship The relationship between Indonesia and Australia is truly unique. Because of their geographic proximity and territorial potential the two countries maintain a very intense pattern of cooperation in economic and social affairs.

Bahari Nongsa festival promotes tourism

Bahari Nongsa festival promotes tourismBy David Chew JAKARTA (JP): President Soeharto has declared 1996 to be Indonesia's Maritime Year, a most fitting tribute to the country's position as an archipelagic nation, in fact the world's largest.

Injury forces Susi to pull out of Games

Injury forces Susi to pull out of Games JAKARTA (JP): Indonesian badminton queen Susi Susanti was forced to forfeit her quarterfinal at the 14th National Games yesterday due to her foot injury.Susi, who played for West Java, lost 10-12 to Yuni Kartika from Central Java in the first set but won the...

Hanoi urges fight against drug abuse

Hanoi urges fight against drug abuse HANOI (Reuter): Vietnam has urged fellow members of the Association of Southeast Asian Nations (ASEAN) to devise a plan of action aimed at curbing drug abuse and trafficking in the region, the official Vietnam News Agency said yesterday.

Five spacecraft firms to bid for Palapa-D project

Five spacecraft firms to bid for Palapa-D project JAKARTA (JP): State-owned PT Telekomunikasi Indonesia (Telkom) has invited Hughes Space and Communications Company, Lockheed Martin, Loral Corporation, Matra Marconi and Aerospatiale to submit proposals for manufacturing the Palapa-D satellite...

Union leader seeks 15% wage increase

Union leader seeks 15% wage increase JAKARTA (JP): A senior union leader is urging the government to raise minimum wage levels across the country by an average of 15 percent next year, Antara reported yesterday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 17, 1996: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,325 0 0 AHAP Insurance 2,700 0 0 Alumindo Perkasa 700 0 0 Andayani Megah 1,125 0 523,000 Aneka Kimia...

Experts doubtful of indoor pool campaign

Experts doubtful of indoor pool campaignBy Haryoso SEMARANG (JP): Two political analysts have welcomed the proposal to move election campaigns indoors for security and public order reasons, but they doubt whether the move will be effective in enhancing communication between the parties and voters...

RI to clash with giants in Asian Nations Cup

RI to clash with giants in Asian Nations Cup JAKARTA (Agencies): Indonesia, still smarting from its disappointing performance in the Tiger Cup over the weekend, was given another headache as it was drawn to play the continent's soccer giants in the Asian Nations Cup in Dubai this December.

Indosat, Telkom to help develop tallest tower

Indosat, Telkom to help develop tallest tower JAKARTA (JP): State-owned telecommunications operators PT Telkom and PT Indosat will participate in the development of Menara Jakarta, which is set to become the tallest tower in Indonesia.

Behavior of youngsters

Behavior of youngsters A news report said that according to (Police) Let. Colonel Ibrahim, every day at 7 a.m., about 2,500 boys and girls enjoy themselves at a frenzied party, tripping after having taken Ecstasy pills. They are not quite themselves.

Evidence mounts against Oki

Evidence mounts against Oki JAKARTA (JP): A young woman told a court here yesterday that she sent money for the rental on a locker to defendant Harnoko Dewantono in the United States two years ago.Dewantono, alias Oki, is now on trial for triple murder in Central Jakarta District Court.

Govt to issue new ruling on small businesses

Govt to issue new ruling on small businesses JAKARTA (JP): The government plans to issue a new regulation that would improve the current system used by small businesses when consigning their goods for sale, Minister of Cooperatives and Small Enterprises Subiakto Tjakrawerdaya said yesterday.

Elite police force reorganized into autonomous corps

Elite police force reorganized into autonomous corps BOGOR, West Java (JP): National Police Chief Lt. Gen. Dibyo Widodo inaugurated the Mobile Brigade yesterday as an autonomous corps, giving the elite police force greater room to work.

Rights body awaiting formal request to probe Priok riot

Rights body awaiting formal request to probe Priok riot JAKARTA (JP): The National Commission on Human Rights said yesterday that it has yet to receive a formal request from the relatives of missing people to reopen the investigation into a bloody riot which rocked Jakarta's Tanjung Priok district...

Helping the poor

Helping the poor President Soeharto's appeal to the better-off to help those still below the poverty line shows he has a strong vision of how to sustain Indonesia's high economic growth in the long term.

Women's hockey event canceled: Official

Women's hockey event canceled: Official JAKARTA (JP): The 14th National Games Organizing Committee disqualified women's hockey as a medal event yesterday after discovering a team had entered the competition illegally.

Timber smuggling uncovered

Timber smuggling uncovered SURABAYA: The authorities are investigating a report that a company smuggled 6,000 cubic meters of timber out of Tanjungperak port here and sent it to Singapore.Spokesman for the state-owned forestry company, Perhutani, Marsanto said that the smugglers had forged...

RI allocates oil exports

RI allocates oil exports TOKYO (Reuter): State-owned Indonesian oil firm Pertamina has allocated for export about 345,000 barrels per day (bpd) of crude oil for October liftings, oil traders said yesterday.

Captive found alive

Captive found alive JAYAPURA, Irian Jaya: Troops found alive another employee of PT Kamundan Raya abandoned by his captors in Timika subdistrict on Monday, Antara reported yesterday.Troops are tracking down the two workers of the logging company remaining in the hands of the separatist rebels who...

Richer Asians get into the spirit of wine drinking

Richer Asians get into the spirit of wine drinkingBy Valerie Lee SINGAPORE (Reuter): Asians, armed with fat wallets and backed by burgeoning economies, are getting into the spirit of wine drinking -- the more expensive the better.

Int'l book fair in Jakarta

Int'l book fair in Jakarta JAKARTA (JP): The central board of the Indonesian Publishers Association is to hold its international book fair this year from Sept. 24 to Sept. 29.Chairman of the organizing committee, Setia Dharma Madjid, said the fair at the Senayan sports hall, Central Jakarta, is...

Sheltering a criminal a crime

Sheltering a criminal a crime I am responding to Mr. Suharsono Hadikusumo's letter of Sept. 6, 1996.I agree that the role of a Catholic priest (also a Kyai or Buddhist monk or professional of any other religion) is partly to give help to persons who are confused, cornered or anxious.

Unique jewelry exposed

Unique jewelry exposed JAKARTA (JP): Forty pieces of unique jewelry, designed by artisans of the Helpmann Academy of South Australia, will be exhibited at Cemara 6 Galeri Kafe, Jl. Cemara, Central Jakarta.The Sept. 20 to Sept.

Security guard to get award for foiling robbery attempt

Security guard to get award for foiling robbery attempt JAKARTA (JP): City Police plan to present an award to the security guard at the Egyptian embassy who lost two fingers on his left hand in a fight with men attempting to rob a woman passerby on Saturday night.Central Jakarta Police Chief Lt.

Cempaka Baru residents

Cempaka Baru residentsFrom Media IndonesiaResidents of the 001/04 neighborhood in Cempaka Baru, Central Jakarta have complained about local officials who have threatened 13 families of their neighborhood to leave their premises since the location will be used for a public project.

Press to discuss growth area

Press to discuss growth area JAKARTA (JP): The Confederation of ASEAN Journalists is to convene for a seminar in Manado, North Sulawesi, from Sept. 26 to Sept. 30, to discuss investment opportunities in the Indonesian provinces included in ASEAN's eastern subregional growth area.

Soeharto and Howard hit it off

Soeharto and Howard hit it off JAKARTA (JP): Australian Prime Minister John Howard and President Soeharto struck a cordial note in their first formal meeting yesterday, with both men expressing satisfaction and affirming ties between the two countries.

RI-Australia trade volume to reach US$10b by 2000

RI-Australia trade volume to reach US$10b by 2000 JAKARTA (JP): Australian Prime Minister John Howard expressed optimism here yesterday that Indonesia and Australia could double annual two-way trade to about US$10 billion by 2000, as economic cooperation is growing rapidly.

Howard defies China, plans to visit Dalai

Howard defies China, plans to visit Dalai CANBERRA (Agencies): Senior Australian cabinet ministers dodged meetings with the Dalai Lama here yesterday, as Prime Minister John Howard announced in Indonesia he would meet Tibet's spiritual leader next week in defiance of Chinese threats.

Police threaten to close down Megawati's office

Police threaten to close down Megawati's office JAKARTA (JP): The police threatened yesterday to close down the headquarters of the Indonesian Democratic Party (PDI) of the ousted Megawati Soekarnoputri, which opened only last week.National Police Chief Lt. Gen.

BPKP assigned to audit impact of deregulation

BPKP assigned to audit impact of deregulation JAKARTA (JP): Vice President Try Sutrisno has asked the Development and Finance Comptroller (BPKP) to audit the implementation of deregulatory measures in investment activities, Minister for Investment Sanyoto Sastrowardoyo said here yesterday.

Labor exporters meet to elect new boss

Labor exporters meet to elect new boss JAKARTA (JP): The rift within the Association of Labor Export Companies worsened yesterday when rebel members, with the government's blessing, held a congress to elect new leaders.

Lend Lease-Sinar Mas deal

Lend Lease-Sinar Mas deal SYDNEY (Reuter): Lend Lease Corp said yesterday it had reached a joint venture agreement with the Sinar Mas conglomerate for the construction of a commercial and retail complex in Indonesia which would be valued at A$200 million on completion.

600 firms want to convert forests into plantations

600 firms want to convert forests into plantations JAKARTA (JP): More than 600 companies are currently lining up for government permits to convert forest areas into agricultural plantations, Minister of Forestry Djamaludin Suryohadikusumo said here yesterday.