Indonesian Political, Business & Finance News

Archive: 24 January 1997

56 articles found

Schering-Plough Indonesia expects 20% profit rise

Schering-Plough Indonesia expects 20% profit rise JAKARTA (JP): The manufacturer of pharmaceutical products, PT Schering-Plough Indonesia, expects its profits to rise 20 percent this year, company spokesman Tjiptono Darmadji said yesterday.

Direct questioning forbidden in Pakpahan subversion trial

Direct questioning forbidden in Pakpahan subversion trial JAKARTA (JP): The subversion trial of union leader Muchtar Pakpahan continued yesterday with presiding judge Djazuli P. Sudibyo prohibiting defense lawyers from directly questioning witnesses.

Shareholders approve BDNI rights share issue

Shareholders approve BDNI rights share issue JAKARTA (JP): The extraordinary shareholders meeting of publicly listed Bank Dagang Nasional Indonesia (BDNI) approved yesterday management's plan to issue rights shares to strengthen the bank's capital structure.

Bre-X and Barrick get green light for Busang mine

Bre-X and Barrick get green light for Busang mine JAKARTA (JP): The government has given two Canadian mining companies, Barrick Gold Corp. and Bre-X Minerals Ltd., the go ahead to start exploiting the huge Busang gold deposit in East Kalimantan, according to a statement from Barrick.

TV advertisements

TV advertisementsFrom NeracaWe are quite concerned about television advertisements in the country because of their biases. Take, for instance, the advertisement of a vitamin product carrying the initials SJ.

Poor reading habits?

Poor reading habits?From KompasAt the end of every year Kompas runs advertisements for cheap books for the benefit of book worms. One such advertisement appeared on Dec. 30, 1996 on page 14.I would like to question whether research was conducted before the advertisement appeared in the paper.

Coaches upbeat over Davis Cup tie

Coaches upbeat over Davis Cup tie JAKARTA (JP): Indonesia is optimistic of beating a tough Philippines team in the Asia Oceania Group I Davis Cup first round match in Manila, next month.Wimar Witoelar, an Indonesian Tennis Association official named Andrian Raturandang, Suwandi, Bonit Wiryawan and...

House queries private role in electricity generation

House queries private role in electricity generation JAKARTA (JP): The budgetary commission of the House of Representatives yesterday questioned the viability of electricity generation by private firms, saying the large number of new power projects might cause an oversupply.

Jamu to be made in Malaysia

Jamu to be made in Malaysia MEDAN, North Sumatra: Indonesian medicinal and tonic drinks, locally known as jamu, will soon be produced in Malaysia, Antara reported here yesterday.Carrying the brand name "Madura Jamu", it will be produced by businessman T.

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Elmi Hotel: Jl. Panglima Sudirman No. 42-44: - Qemi Club: Karaoke, daily, 8 p.m. to 10.30; Disco, daily, 12.30 a.m. to 3 a.m.; Puri R and Dankdut Group, Sunday, 10.30 p.m. to 12.30 a.m.; Master Band, Monday and Wednesday, 10:30 p.m. to 12:30 a.m.

Job discrimination

Job discrimination Recently I came across an advertisement in The Jakarta Post inviting applications for various job titles. Among the many requirements, the one that caught my attention was "Male and Unmarried Female.

Two robbers shot dead

Two robbers shot dead JAKARTA (JP): Police have shot dead two men after two separate robberies led to a chase to apprehend the offenders.West Jakarta Police Chief Lt. Col. Andi Chaeruddin said Jajang Munanjar robbed a bank employee, Linda of her gold necklace in a public van on Jl.

PLN posts net profit of US$431 million

PLN posts net profit of US$431 million JAKARTA (JP): The state-owned electricity company PT PLN has booked a net profit of Rp 1 trillion (US$431.03 million) for 1996, up about 15 percent on the previous year.

Firecracker victims

Firecracker victimsFrom KompasThe Mental Hospital in Grogol was the first casualty of firecrackers to herald in the new year. Fortunately, the firecrackers did not cause any fatalities and only grazed a building.

Feudalism hinders law enforcement, says legal expert

Feudalism hinders law enforcement, says legal expert JAKARTA (JP): Lingering feudalistic attitudes are hampering the socialization of laws in Indonesia, a legal expert said here yesterday.Soetandyo Wignjosoebroto said Indonesia had yet to erase feudalism, a political culture with a clear-cut...

Ramadhan time for Jakarta

Ramadhan time for JakartaFriday Maghrib 6:19 p.m.Saturday Imsak 4:22 a.m.Subuh 4:32 a.m.

Conglomerates agree to set up partnership body

Conglomerates agree to set up partnership body JAKARTA (JP): A task force, representing 79 big local businesses, agreed yesterday to set up an organization to develop partnerships with small businesses and cooperatives in a similar arrangement to the Jimbaran group.

U.S. funds hospital construction

U.S. funds hospital construction KENDARI, Southeast Sulawesi (Antara): The United States had provided more than US$3 million (about Rp 7 billion) of fund to assist the construction of a public hospital here.

30 top executives to attend WEF meeting

30 top executives to attend WEF meeting JAKARTA (JP): The government and 30 leading Indonesian executives and entrepreneurs are scheduled to attend the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, to promote Indonesia and attract foreign investment.

Tutut invited to visit NU boarding schools

Tutut invited to visit NU boarding schools JAKARTA (JP): Abdurrahman Wahid offered yesterday to accompany Golkar leader Siti Hardiyanti Rukmana on visits to any of the boarding schools run by the Nahdlatul Ulama (NU) Moslem organization.

Zarina to stand trial next week

Zarina to stand trial next week JAKARTA (JP): Zarina, the 24-year-old TV actress charged with trafficking 29,677 Ecstasy pills, will be tried in the West Jakarta District Court on Jan. 30.The hearing will be presided over by a panel of judges chaired by Sumantri.

Indonesia forges ties with Goethe Institute

Indonesia forges ties with Goethe Institute JAKARTA (JP): The education and culture ministry and Germany's Goethe Institute have agreed to exchange works on science, technology, religion, culture, economics and politics.

Brittle, handle with care

Brittle, handle with care JAKARTA (JP): The bodies of two workers were sent home to Lombok, West Nusa Tenggara, from Malaysia in a large package labeled "Brittle handle with care" Sunday, a press report said yesterday.The hair raising anonymous airmail package was received at 12.30 a.m.

Politics mars Ecstasy case in Holland: Envoy

Politics mars Ecstasy case in Holland: Envoy JAKARTA (JP): Indonesia insisted yesterday the Ecstasy trafficking case involving an Indonesian pilot in the Netherlands had been marred by political influences.Indonesian Ambassador to the Netherlands J.B.

Wild elephants kill two

Wild elephants kill two BANDAR LAMPUNG, Lampung: A herd of wild elephants strayed out of a reserve park here and went on the rampage in a nearby settlement, killing two people, Antara reported yesterday.

Raising minimum wages

Raising minimum wages Few people would argue against the 10 percent average increase in the minimum wages in the 27 provinces announced Wednesday, especially if the figure was reached after what Minister of Manpower Abdul Latief described as "very democratic" deliberations, involving...

Low investment realization investors' fault: Sanyoto

Low investment realization investors' fault: Sanyoto JAKARTA (JP): State Minister of Investment Sanyoto Sastrowardoyo said yesterday the low number of realized investment commitments were due to the shortcomings of prospective investors.

Raising communist specter may be ineffective

Raising communist specter may be ineffective The government is working hard to find the perpetrators of the recent riot in Tasikmalaya. It has hinted the riot was the work of "intellectual actors" and that the masterminds were using the Mao strategy. Political scientist J.

Death toll rises to 37

Death toll rises to 37 ZAMBOANGA, Philippines (Reuter): Soldiers clearing the site of a battle between troops and Moro rebels in the southern Philippines have found 14 more bodies, taking the death toll in the fighting to 37, the military said yesterday.

House calls govt to task on revenue

House calls govt to task on revenue JAKARTA (JP): Members of the House of Representatives have again criticized the government's handling of non-tax revenue raised by various ministries and government agencies.

Panasonic to enter Medan

Panasonic to enter Medan MEDAN, N. Sumatra (Antara): Two American and Japanese companies, Sea Gate Corp and Panasonic, had expressed their intention to build a plant at the Medan Industrial Estate (KIM) in Mabar, North Sumatra.

British laborer found dead in pipe

British laborer found dead in pipe SAMARINDA, East Kalimantan: The body of a British worker was found yesterday morning in a gas pipe off the coast of East Kalimantan, Antara reported.Graham Robertson Henry Weir, 36, who worked for marine construction firm PT McDermott Indonesia, was last seen...

Police chief confirms arrest for tollway heist

Police chief confirms arrest for tollway heist JAKARTA (JP): National Police Chief Lt. Gen. Dibyo Widodo confirmed yesterday the arrest of two suspects in last October's Jagorawi toll road fatal robbery and said he hoped they could be tried soon.

Where to go in Bali:

Where to go in Bali:Music and Entertainment * Grand Hyatt Bali, Nusa Dua: Poolside - Pasar Senggol, daily, 6.30 p.m. Kecak Dance, Friday and Tuesday, Legong Dance, Saturday and Wednesday, 7 p.m. Arjuna Wiwaha Dance, Sunday, 7 p.m.

Seven wrestlers questioned for beating tennis coach

Seven wrestlers questioned for beating tennis coach JAKARTA (JP): Police questioned seven wrestlers for assaulting a national tennis coach on Wednesday night at Century Park Athletes Hotel in Senayan, Central Jakarta.The Chief of the City Police Detectives for General Affairs Lt. Col.

The Listening Post

The Listening Post * A source of pride to Indonesians and keen interest to others around the world, Indonesia's economy continues to grow in size and evolve in complexity. The countries of Southeast Asia, and Indonesia in particular, have been booming, and continue to offer great opportunities to...

City councillors rebuke market authority

City councillors rebuke market authority JAKARTA (JP): City councilors rebuked the market authority, PD Pasar Jaya, yesterday for not taking action against city market roadside vendors having to pay illegal levies.

Even posters may trigger violence

Even posters may trigger violence JAKARTA (JP): The placing of posters may provoke physical clashes between rival activists campaigning in the May election if it is not properly regulated, Attorney General Singgih warned yesterday.

Four Season expands spa

Four Season expands spa JAKARTA (JP): Increased luxury hotel rivalry on the holiday island of Bali has compelled the Four Seasons Resort Bali, located above the Jimbaran bay, to spend $US1.3 million to expand its spa.

Japan searches for its own identity

Japan searches for its own identityBy Ignas Kleden JAKARTA (JP): Most of the success of Japanese development is usually attributed to the fondness, ability and discipline of the Japanese people to imitate everything they consider good for their country and themselves.

Singapore, U.S. open skies

Singapore, U.S. open skies SINGAPORE (AFP): Singapore has initialed a landmark open skies agreement with the United States, the Civil Aviation Authority of Singapore announced Thursday.The outcome followed two days of negotiations in Washington between the two countries, the CAAS said in a...

STIE to hold seminar

STIE to hold seminar JAKARTA (JP): Sekolah Tinggi Ilmu Ekonomi (STIE) IBEK will hold a two-day seminar on the fundamentals of Asian economies on March 12 and 13 at Hotel Horison.President of STIE IBEK Laurence A Manullang said yesterday the seminar would feature a single speaker, Donald Wilson,...

PT Excelcomindo Pratama builds fiber optic network

PT Excelcomindo Pratama builds fiber optic network JAKARTA (JP): PT Excelcomindo Pratama, a private global system for mobile (GSM) operator, is installing a 2,000-kilometer fiber optic network along railway lines in Java belonging to state railway firm Perumka.Excelcomindo president Julius S.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 23, 1997: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,000 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,125 -25 833,500 Alumindo Light Metal 1,425 75...

Sentul to hold motorcycle GP

Sentul to hold motorcycle GP JAKARTA (JP): The world motorcycle federation (FIM) has selected the Sentul international circuit near Bogor to host the 14th leg of the 1997 motorcycle Grand Prix circuit on Sept. 28.FIM announced 15 motorcycle grands prix will be held this year.

Pertamina outsources asset management

Pertamina outsources asset management JAKARTA (JP): State oil company Pertamina is inviting private firms to manage some of its assets in North Sumatra to make its operations more efficient, an executive said yesterday.

Choice Hotels offers more rooms

Choice Hotels offers more rooms JAKARTA (JP): PT Choice Hotels Indonesia, the master franchiser in Indonesia for the Choice Hotels International chain, has opened a new hotel in Batam, in the Riau province, and additional apartment-hotel units in Yogyakarta.

On the E. Timor issue

On the E. Timor issue I greatly appreciated Mr. Tony Jennings' letter on East Timor and development (Jan. 22, 1997). Not many foreigners, especially westerners, are willing to understand the real position of Indonesia on the East Timor issue.

New narcotics bill carries death penalty

New narcotics bill carries death penalty JAKARTA (JP): The new bill on narcotic drugs the government submitted to the House of Representatives yesterday carries a maximum penalty of death for convicted offenders.The bill, submitted by Minister of Justice Oetojo Oesman, is a revision of Law No.

SEAG golf training centered in Matoa

SEAG golf training centered in Matoa JAKARTA (JP): Indonesian golfers preparing for the upcoming SEA Games (SEAG) will be based at one training center, the Matoa Golf and Country Club in Ciganjur, South Jakarta, from March, according to an official.

The new city budget is inadequate: Governor

The new city budget is inadequate: Governor JAKARTA (JP): Jakarta Governor Surjadi Soedirdja said yesterday the city administration's 1997/1998 budget of Rp 3.36 trillion (US$1.4 billion) is inadequate to finance its activities.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Family Classic 3:05 Teenagers' Program: Remaja Indonesia 3:30 TV Series: Emergency Call 4:05 Comedy: Situasi 4:30 Student's Quiz: Cerdas Cermat 4:55 Filler 5:00 News: Siaran Berita TVRI 5:25 Travel: My Country 5:30 News: Lintas Kesehatan...

UK denies training RI police to win exports

UK denies training RI police to win exports LONDON (Reuter): The head of the government's aid program vigorously denied allegations Wednesday by members of parliament that Britain set up a program to train Indonesian policemen in the hope of winning big export orders.

Timor claims 30% of sedan market

Timor claims 30% of sedan market JAKARTA (JP): PT Timor Distributor Nasional (TDN), the distributing arm of national car licensee PT Timor Putra Nasional, claims it has grabbed over 30 percent of the sedan market since Timor sedans hit the market in October.

Four rhinos to come home

Four rhinos to come home BANDAR LAMPUNG, Lampung: Four two-horned rhinoceros (Dicerorhinus sumatrensis) would be returned home from London as soon as their breeding area in Way Kambas National Park, Central Lampung, was ready, an official said yesterday.

Common courtesy

Common courtesy I have now lived in Jakarta for over nine years. Certain facets of life are, indeed, much better now than when I arrived. For example, the phone system generally connects, Garuda usually flies to schedule, taxis all have air conditioning and there are fewer electricity power cuts.