Indonesian Political, Business & Finance News

Archive: 11 February 1997

45 articles found

Reforestation funds of Kiani not used

Reforestation funds of Kiani not used JAKARTA (JP): PT Kiani Kertas, owned by timber magnate Mohamad (Bob) Hasan, has nearly completed its pulp and paper plant but has not touched the Rp 250 billion (US$108.7 million) loan from reforestation funds.Company president Machnan R.

Idul Fitri a chance to return to one's roots

Idul Fitri a chance to return to one's rootsBy Listiana Operananta and Ida Indawati Khouw JAKARTA (JP): Celebrating Idul Fitri in their home villages is a chance for many city people to touch base with their family's culture and to go back to their roots, experts say.

National park status sought for

National park status sought for JAYAPURA, Irian Jaya; The provincial forestry office has proposed the central government make the Wasur forests in Merauke district, a national park.Kayat R. Sutaryo, the forestry office's chief, said in a letter to State Minister of Administrative Reforms TB...

Australia and Italy clinch early wins

Australia and Italy clinch early wins PARIS (Agencies): Australia and Italy made sure of their places in the Davis Cup quarter-finals 24 hours early on Saturday when victories in the doubles gave them unbeatable 3-0 leads.

Indonesian music groups' names

Indonesian music groups' namesFrom RepublikaWhy do Indonesian music groups have foreign names? Bad Apples, AB Three, Base Camp, Five Minutes and most recently R42 who has stated that it must be spelled the English way.Watching their video clips I was somewhat taken by surprise.

Man resurrected after three days

Man resurrected after three days KUPANG, East Nusa Tenggara (JP): A 76-year-old villager came to life again three days after his relatives pronounced him dead late November, eyewitnesses said last week.

Water treatment plant

Water treatment plant JAKARTA (JP): The West Java administration is inviting Medco Group to establish a waste water treatment plant to process liquid industrial waste in the greater Bandung area, West Java, said the province's vice governor, H.M.A. Sampurna.

Aceh protects forests

Aceh protects forests JAKARTA (JP): The provincial administration of Aceh will not issue anymore permits for forest concessions in the area, Nirwan Jailani, an Aceh Forestry Agency official, said over the weekend.

Thai railway firm in Laos

Thai railway firm in Laos Bangkok (DPA): A Thai steel manufacturer has won a concession to build more than 1,200 kilometers of railway track in neighboring Laos that could eventually link Thailand to China, a company source said yesterday.

Goldstrike the largest U.S. gold producer

Goldstrike the largest U.S. gold producer Canadian mining giant Barrick Gold Corp. is engaged in a long- running wrangle over the Busang gold mine in East Kalimantan, one of the world's richest gold finds.

Mining area for farmland

Mining area for farmland JAKARTA (JP): State-owned tin mining company PT Timah Bangka is cooperating with the University of Sriwijaya to convert old mining pits into agricultural lands.Company president director Erry Eriyana Hardjapamekas said Friday in Palembang that the company, along with the...

Mutual funds set up to lure local investors

Mutual funds set up to lure local investors JAKARTA (JP): Mutual funds are hoping to lure more local investors into the capital market which is still dominated by foreign investors.Many analysts agree that more mutual funds would benefit the local stock exchange by strengthening the domestic...

Pontianak returns to normal

Pontianak returns to normal JAKARTA: Tension is gradually subsiding in the West Kalimantan capital of Pontianak after weeks of reported enmity and clashes between indigenous Dayak tribesmen and migrant Madurese from East Java.

President Soeharto leads the first 'Takbir'

President Soeharto leads the first 'Takbir' JAKARTA (JP): President Soeharto led the first takbir (praise to Allah), marking the end of Ramadhan and the coming of Idul Fitri celebrations, in a mass gathering at the National Monument (Monas) park Saturday.

Security for 'lebaran'

Security for 'lebaran'From KompasWe have often been informed by the mass media about this year's Lebaran transportation. The Department of Transportation is doing its best to fulfill public demand, either by providing more buses, trains, or additional lines.

Foreign policy on East Timor

Foreign policy on East Timor The Embassy of the Republic of Indonesia in Washington, D.C., would like to convey its appreciation to those who have shown a keen interest and empathy toward the struggle of Indonesia's diplomats abroad, detailed in the article Clinton, RI opposed on East Timor (Jan.

Fewer passengers travel by train during holidays

Fewer passengers travel by train during holidays JAKARTA (JP): Railway transportation experienced a decline in the number of passengers this Idul Fitri season but earnings rose, a railway official said Saturday.

Mutual funds effective as of December 20, 1996

Mutual funds effective as of December 20, 1996 Name Investment management Net Asset Value (in Rp billion) ------------------------------------------------------------------------------------- BDNI Reksadana PT BDNI Securities 343.42 Reksa Dana MMF PT BDNI Securities 30.

Crimes spice up 'Takbiran' night

Crimes spice up 'Takbiran' night JAKARTA (JP): Idul Fitri eve, known as Takbiran, was marred by several thefts.A thief broke into the State Minister of Environment's office on Jl. DI Panjaitan, East Jakarta.

Unemployment remains big problem in E. Timor

Unemployment remains big problem in E. Timor DILI (JP): Unemployment remains a headache for many East Timorese as their education level is improving but the local job market is unable to absorb the increasingly qualified workforce, a local official says.

Credit for modest homes unavailable

Credit for modest homes unavailable JAKARTA (JP): The Indonesian Developers Association has expressed concern over the unavailability of bank credit to build low-cost houses in several provinces, including West Java, South Sumatra and East Java.

Women workers

Women workersFrom MerdekaI read with a sigh of relief the article in Merdeka (Jan. 31, 1997), on Kriminalita (Criminality) concerning the arrest of phony policemen and employees of the Ministry of Manpower.

Pensioners in office?

Pensioners in office?From RepublikaSome months ago the office of the Jakarta Administration held a selection of civil servant candidates for employment in its office. At the time of announcement, it came to light that only a minimal percentage of the participants were accepted.

Citra, Drassindo eye Grogol-Tangerang road

Citra, Drassindo eye Grogol-Tangerang road JAKARTA (JP): Citra Group and Drassindo Group have pledged their readiness to submit tenders for the government's 30- kilometer Grogol-Tangerang elevated toll road project.

Soil disease killed 19 last year

Soil disease killed 19 last year SINGAPORE (Reuter): The mysterious soil disease melioidosis killed 19 people and infected 70 in Singapore last year, the Straits Times newspaper said yesterday.It said there had been little advance in efforts to find a cure or improve diagnosis or treatment of the...

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Berentain Bears 3:00 News: Lintasan Berita 3:05 Music: Gelar Musik 3:30 Science Film: Four Minute Mile 4:00 News: Lintasan Berita 4:05 Idul Fitri Program: Hikmah Idul Fitri 4:30 Teenagers' Program: Drama Remaja 5:00 Regional News 5:30...

Muslems celebrate Idul Fitri

Muslems celebrate Idul Fitri JAKARTA (JP): Moslems across the country celebrated Sunday the post-Ramadhan holiday immediately after saying the Idul Fitri prayers highlighted by preachers' calls for national unity and religious co-existence.

Thousands flock favorite city holiday spots

Thousands flock favorite city holiday spots JAKARTA (JP): The mood of Idul Fitri yesterday and Sunday was brightened by thousands flocking to favorite spots like Ancol Dream Land, Taman Mini, Ragunan Zoo and the Bogor Safari Park.

Villagers undeterred by Mount Merapi eruption

Villagers undeterred by Mount Merapi eruptionBy Haryoso SEMARANG (JP): Central Java Governor Soewardi went ballistic on hearing residents of Sambirejo village on the slopes of Mount Merapi had refused to evacuate when the volcano erupted last month.

ABC signing off

ABC signing off Nothing definite about the matter has yet to be made public but it seems almost certain that in a few months 2.8 million Indonesians will be deprived of some of their best-loved radio programs.

KL to investigate kidnap in Angola

KL to investigate kidnap in Angola KUALA LUMPUR (AFP): Malaysia has instructed its High Commission (embassy) in Harare to investigate news reports of a Malaysian kidnapped in Angola, a senior minister said yesterday.

Indofood to sell stake in PT Artha

Indofood to sell stake in PT Artha JAKARTA (JP): Publicly-listed PT Indofood Sukses Makmur, an affiliate of the giant Salim Group, is selling its stake in instant coffee producer PT Artha Nugraha Mandiri.

Four people confirmed as suspects in Tasikmalaya riots

Four people confirmed as suspects in Tasikmalaya riots JAKARTA (JP): Four people will be named suspects in the West Java's recent fatal riots and may be charged with subversion, an official said Sunday.Antara quoted the head of West Java prosecution office, M.

Fatal robbery enacted

Fatal robbery enacted JAKARTA (JP): Police re-enacted Saturday the Jagorawi toll road robbery, which took place on Oct. 11 last year and claimed one life, without the two main suspects .The two suspects, identified as Bud alias Win and Sal, alias Is, are still at large and two officers played them...

Group of Seven calls for halt to dollar's rise

Group of Seven calls for halt to dollar's rise BERLIN (AFP): The Group of Seven leading industrial nations came down hard Saturday against further rise in the U.S. dollar and hinted they would intervene on currency markets if the volatility continued, in a text released by the seven delegations.

Jailed political activists cook for fellow inmates

Jailed political activists cook for fellow inmates JAKARTA (JP): Jailed political activists in Cipinang prison, East Jakarta, made special menus for fellow prisoners Sunday.Labor leader Muchtar Pakpahan, serving a four-year sentence for inciting last year's labor unrest in Medan, North Sumatra,...

Idul Fitri: A time to meet, greet and celebrate

Idul Fitri: A time to meet, greet and celebrate JAKARTA (JP): Sunday and Monday were happy days and an opportunity to meet relatives and elders. Millions attended prayers ending the Ramadhan fasting month before leaving to visit friends and relatives, go on recreation trips or spend a moment at the...

Higher profit of $751.5m expected at PT Telkom

Higher profit of $751.5m expected at PT Telkom JAKARTA (JP): ING Baring Securities Ltd. expects state-owned telecommunications firm PT Telkom to post a net profit of Rp 1.8 trillion (US$751.5 million), up from Rp 1.49 trillion last year.Next year, it predicts that Telkom will gain Rp 2.

Australia okays new Timor oil project

Australia okays new Timor oil project SYDNEY (AFP): The Australian government gave the go-ahead yesterday for a one billion Australian dollar (US$760 million) oil development project in the Timor Sea.The government granted a license to Woodside Petroleum Ltd.

TV and movie actor dies

TV and movie actor dies JAKARTA (Antara): Film and television movie actor Ryan Hidayat, 26, died of a complication at Puri Cinere hospital Saturday."We really lost him. He suffered from typhoid and dengue," said his aunt Ance.

Emdeki builds power plant

Emdeki builds power plant JAKARTA (JP): Carbide producer PT Emdeki Utama, a subsidiary of PT Metropolitan Development, has signed a contract with Siemens Netherlands NV to build a US$15 million gas-fueled power station aimed at cutting its production costs.

'Radio Australia' has loyal audience in Indonesia

'Radio Australia' has loyal audience in IndonesiaBy Ida Indawati Khouw JAKARTA (JP): Radio Australia will be greatly missed in Indonesia if the proposal to close down its foreign services goes ahead.Several loyal listeners said during the weekend that closing the Indonesian service would deprive...

Malaysia idles for twin festivals

Malaysia idles for twin festivalsBy Christina Pantin KUALA LUMPUR (Reuter): Malaysia's economic boom is grinding to an almost complete halt, but festivals, not fiscal measures, are responsible for the production pause.

Tambang Timah's output

Tambang Timah's output JAKARTA (JP): State-owned tin mining company PT Tambang Timah is set to increase its annual production to 47,000 tons of tin this year, from 41,000 tons last year.Company president Erry Riyana Hardjapamekas was quoted by Antara as saying in Palembang last week that the...

Where to go in Jakarta:

Where to go in Jakarta:Music * Ibis Kemayoran Hotel, Jl. Bungur Besar Raya 79-81, Central Jakarta: - Chaplin's Bar; Brigitta and Wisnu (organist/pianist), Friday, Saturday, 7 p.m. to 11 p.m. - Alamanda Restaurant: Gamelan Bali, Saturday, 7 p.m. to 11 p.m.; Special Valentine Package, on Feb.