Indonesian Political, Business & Finance News

Archive: 27 September 1996

47 articles found

The national car and Japan

The national car and JapanFrom Media IndonesiaJapan is still making a fuss of Indonesia's national car, one of the efforts to realize nationalism in the automotive world.It is only a matter of time before the government grants the facilities to companies other than the Humpuss group.

Investment, trade linked

Investment, trade linked The World Investment Report 1996 of the Geneva-based UN Conference on Trade and Development, besides analyzing the latest trends in foreign direct investment (FDI) across the world, devoted a great deal of attention to the interlinkages between investment and trade.

Bank Negara to help its laid-off staff

Bank Negara to help its laid-off staff KUALA LUMPUR (AFP): Malaysia's central bank said yesterday it would help find new jobs for 700 workers it plans to retrench."A meeting will be held soon with local commercial banks, insurance companies and securities firms to facilitate their re- employment,"...

'Better schedules needed in W. Cup badminton c'ship'

'Better schedules needed in W. Cup badminton c'ship' JAKARTA (JP): The Badminton Association of Indonesia expects organizers to arrange better match schedules for the 1996 Sanyo World Cup Badminton Championships that is to be held from Dec. 11 to Dec. 15 at Senayan's indoor stadium.

Soldiers back log smuggling

Soldiers back log smuggling SURABAYA: East Java's forestry office has asked journalists to identify the Armed Forces individuals behind the notorious smuggling of timber out of Kalimantan and Sulawesi.Office chief Amir Hamzah said Thursday that he needs the names of the soldiers who allegedly give...

Activist urges govt to name unruly NGOs

Activist urges govt to name unruly NGOs JAKARTA (JP): An activist attacked the government yesterday for often accusing "certain" non-governmental organizations (NGO) of tarnishing its image but failing to name them.

Japan asks RI to clarify car policy

Japan asks RI to clarify car policy TOKYO (AFP): A senior Japanese trade official urged Indonesia yesterday to clarify its "national car" policy as Tokyo prepared to file official complaints with the World Trade Organization (WTO).

RI stocks on the Internet

RI stocks on the Internet JAKARTA (JP): Newly established Indonesia Net Exchange, a company specializing in providing information on listed companies, has launched the country's first Internet web site for the capital market, to be called Indoexchange.

Court drags its feet in hearing Megawati's suit

Court drags its feet in hearing Megawati's suit JAKARTA (JP): The trial of a lawsuit filed by Megawati Soekarnoputri against her opponents in the Indonesian Democratic Party, the government and the military was adjourned for two weeks yesterday.

Sumitro criticizes govt over budget inconsistency

Sumitro criticizes govt over budget inconsistency JAKARTA (JP): Indonesia's most senior economist Sumitro Djojohadikusumo yesterday criticized the inconsistent way that the government has been implementing the balanced budget system.

A few cookies crumble at the Hyatt's high tea

A few cookies crumble at the Hyatt's high teaBy John Aglionby JAKARTA (JP): Afternoon tea has been part of my daily diet ever since I was old enough to sit at the kitchen table and grab the homemade scones. Until I came to Indonesia that is.

Military attaches visit Riau

Military attaches visit Riau PEKANBARU, Riau: Twenty-three military attaches from friendly countries were on a two-day visit here yesterday as part of their whirlwind tour of several Indonesian provinces.

Humpuss Group employee robbed of Rp 34 million

Humpuss Group employee robbed of Rp 34 million JAKARTA (JP): A Humpuss Group employee reported to the police that two unidentified men robbed him of Rp 34 million (US$14,592) yesterday at a traffic light on Jl. Ridwan Rais, in Central Jakarta.Central Jakarta Police Chief Lt. Col.

Political detainees' rights abused: Lawyers

Political detainees' rights abused: Lawyers JAKARTA (JP): A team of lawyers told the National Commission on Human Rights yesterday that the Attorney General's Office had violated the rights of suspects who were currently being detained in relation to the July 27 riots in the capital.

RI and Malaysia hold off purchase of soymeal

RI and Malaysia hold off purchase of soymeal SINGAPORE (Reuter): Malaysia and Indonesia are looking to buy up to 100,000 tons of soymeal for late-1996 delivery, but are holding back because they find prices too high, regional traders said yesterday.

Consistency behind New Order's success: Siber

Consistency behind New Order's success: Siber JAKARTA (JP): A former International Monetary Fund (IMF) representative to Indonesia, Kemal Siber, said yesterday that consistent policies in fighting hyperinflation were behind the New Order government's success in rehabilitating and stabilizing the...

Doping scandal time bomb set to disgrace Games

Doping scandal time bomb set to disgrace Games JAKARTA (JP): Illegal use of banned drugs may deal a big blow to the campaign for a clean 14th National Games after a doping control official revealed yesterday that more than three samples of urine tested positive.

Mayor gives Megawati 24-hour reprieve

Mayor gives Megawati 24-hour reprieve JAKARTA (JP): East Jakarta Mayor Sudarsono extended the deadline yesterday morning for deposed Indonesian Democratic Party (PDI) chairwoman Megawati Soekarnoputri to close down her office in the Condet subdistrict.

Architects call for effort to 'save the city's soul'

Architects call for effort to 'save the city's soul' JAKARTA (JP): Young architects participating in the 7th Asian Congress of Architects called on their colleagues yesterday to help "save the city's soul" by recognizing the diverse needs of its residents.

Try laments rapid loss of agricultural land

Try laments rapid loss of agricultural land JAKARTA (JP): Vice President Try Sutrisno lamented yesterday the rapid loss of agricultural land to development projects.He said the rapid loss of fertile land not only hurts farmers but also wastes state funds that have been spent building irrigation...

Indosat invests Rp 50b to set up multimedia firm

Indosat invests Rp 50b to set up multimedia firm JAKARTA (JP): The state-owned international telecommunications carrier PT Indosat has invested Rp 50 billion (US$21.4 million) to set up a new multimedia company.

Seeing through a scam

Seeing through a scam The area outside Plaza Indonesia between Hotel Indonesia and the President Hotel can be unpleasant at night, particularly with many people loitering on the front steps of the shopping center.

Australia names senior diplomat as envoy to RI

Australia names senior diplomat as envoy to RI JAKARTA (JP): Australia has appointed John McCarthy, currently ambassador to the United States, as its new envoy to Indonesia."I have today announced the appointment of Mr.

Police chief sacked in Tangerang

Police chief sacked in Tangerang TANGERANG, West Java (JP): The newly-installed Tangerang Police Chief Lt. Col. Iman Haryatna dismissed yesterday the chief of the Kronjo subprecinct to appease angry residents.The dismissal of First Lt.

Soldiers beat up railway guard

Soldiers beat up railway guard BLITAR, East Java: Provincial military chief Maj. Gen. Imam Utomo promised yesterday to look into reports that three soldiers beat up a railway crossing guard in Surabaya on Sunday.

Deepwater port project launched in West Java

Deepwater port project launched in West Java BOJONEGARA, West Java (JP): The construction of a vast deepwater port was launched here yesterday, marking the start of a megaproject which is expected to ease the burden on Jakarta's Tanjung Priok port.

Fired workers seek assistance from LBH

Fired workers seek assistance from LBH JAKARTA (JP): Eleven employees of the Jakarta branch of the state-owned PT Indah Karya have sought help from the Jakarta Legal Aid Institute (LBH) over their dismissal.The employees were relieved of their jobs on Aug.

Citra secures $262m loan

Citra secures $262m loan MANILA (Reuter): Citra Metro Manila Tollways Corp, a joint venture of Indonesia's Citra Group and the state-run Philippine National Construction Corp, has signed a US$262 million loan agreement with 18 local and foreign banks.

Petrojaya gets int'l certificate

Petrojaya gets int'l certificate JAKARTA (JP): Plasterboard manufacturer PT Petrojay Boral Plasterboard has accepted an ISO 9002 certificate from SGS International."Nine months of hard work by the management and staff of Petrojay Boral has finally paid off," Raymond Widjaya, chairman of the firm's...

Floundering world tin body to undergo restructuring

Floundering world tin body to undergo restructuring KUALA LUMPUR (AFP): The Association of Tin Producing Countries (ATPC), which is soon to lose Australia and Thailand as members, is to be restructured next year to remain relevant, a report said yesterday.

Police, military to step up patrols

Police, military to step up patrols JAKARTA (JP): East Jakarta Police Chief Lt. Col. Gories Mere and Military District Commander Lt. Col. Suharsono have vowed to step up mobile patrols to curb crimes in the area.

Aria Tours responds

Aria Tours respondsFrom KompasIn reference to Mrs. C.J. Kaligis's complaint in Kompas, published in your paper on Sept. 24 as Refund by Aria Tours, we were the agency that organized the Beijing tour.The tour selected by Mrs. Kaligis and friends took place during peak season.

Dharmala's FRN doubled

Dharmala's FRN doubled HONG KONG (Reuter): A floating rate note (FRN) issue for PT Dharmala Inti Utama has been priced and doubled, arranger Peregrine Fixed Income said.The notes, which have a three-year final maturity and a put option on the second anniversary, were priced at 287.

Sedona Makassar to open

Sedona Makassar to open JAKARTA (JP): Ujungpandang, the capital of South Sulawesi, will have a new star-rated hotel, the Sedona Makassar, in November.The 230-room Sedona Makassar will offer special rates for three months.

Five stolen paintings returned

Five stolen paintings returnedBy K. Basrie JAKARTA (JP): A Singaporean collector agreed yesterday after a day of negotiations in the island state to return to Jakarta five Indonesian paintings allegedly stolen from the National Museum here.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 26, 1996: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,100 0 0 AHAP Insurance 2,675 0 0 Alumindo Perkasa 675 25 5,000 Andayani Megah 1,050 0 77,500 Aneka...

Disco owner gets probationary sentence

Disco owner gets probationary sentence JAKARTA (JP): Businessman Hendro Sumampouw was sentenced yesterday to three months in prison, with six months probation, and fined Rp 5 million for having marijuana in his car.

Art display in Ancol

Art display in Ancol JAKARTA (JP): At least 200 artists from all parts of the country will display their works at the Ancol Art Market in North Jakarta during a 10-day National Fine Arts Jamboree, which will start tomorrow.

Cost of naturalization

Cost of naturalizationFrom KompasIt has only been two months since I became a naturalized Indonesian. The act requires a change of my alien ID card into an Indonesian one (KTP).I feel that I was given different treatment compared with other KTP holders, although I met all the requirements.

Sultan discusses reporter's death

Sultan discusses reporter's death YOGYAKARTA: About 60 local journalists met with Sultan Hamengku Buwono X here on Wednesday night to discuss the progress of their investigation into their colleague's death on Aug. 13.

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,...

Soeharto tells the rich to give money to the poor

Soeharto tells the rich to give money to the poor JAKARTA (JP): President Soeharto warned rich Indonesians yesterday to voluntarily set aside a small portion of their wealth for the poor, before being forced to do so by the government."At this stage, the government is simply appealing.

RI joins Asian retail group

RI joins Asian retail group JAKARTA (JP): The Association of Indonesian Retailers (Aprindo) was officially admitted as a member of the Federation of Asian Retailers Association during the federation's annual meeting in Adelaide, Australia, Wednesday.

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.

Where to go in Bali:

Where to go in Bali:Music and Entertainment * Grand Hyatt Bali, Nusa Dua: Pasar Senggol - Balinese Village daily - Kecak Dance, Friday and Tuesday; Legong Dance, Saturday; Arjuna Wiwaha Dance, Sunday. - Balinese dance parade - Rejang dance, Puspawresti Dance, Belibis Dance & Jaran Teji Dance,...

Bandung choir at Erasmus Huis

Bandung choir at Erasmus Huis JAKARTA (JP): Parahyangan University Bandung Choir is to perform at the Erasmus Huis Dutch cultural center on Oct. 4 and Oct. 5.The group won a prize at last year's international choir festival in Arnhem, the Netherlands.

Ample supplies push rubber futures down

Ample supplies push rubber futures down SINGAPORE (Reuter): Rubber futures slipped at the close yesterday as ample supplies and high stocks in Japan depressed sentiment in the market, dealers said."The market is falling as if it had no brakes.