Indonesian Political, Business & Finance News

Archive: 11 March 1997

59 articles found

C. Java promotes exports

C. Java promotes exports JAKARTA (JP): The Central Java administration will promote trade with Singapore, South Korea, Japan, the United States, Australia, Czech Republic, and France.The Investment Coordinating Board's Central Java Office Chairman, Soedarsono, said in Semarang yesterday that all...

Asian rapid growth could cause friction

Asian rapid growth could cause friction SINGAPORE (Reuter): Singapore Prime Minister Goh Chok Tong said yesterday Asia's rapid economic growth could lead to friction, especially with the emergence of China as a leading economic superpower.

Ayuningrum wins downhill cycling

Ayuningrum wins downhill cycling JAKARTA (JP): National female cyclist Ayuningrum won the downhill event of the mountainous Karangkates Terbuka cycling races in Malang, East Java, on Sunday.Ayuningrum clocked one minute 54.43 seconds and Resa Susanty came second a few seconds later.

Statistic bill rules foreign researchers

Statistic bill rules foreign researchers JAKARTA (JP): A new bill will require foreign research institutions to form partnerships with local researchers before they survey or publish statistics in Indonesia.

Jazz-gamelan concert on stage

Jazz-gamelan concert on stage JAKARTA (JP): A rare music performance blending Jazz and Javanese gamelan will be staged at the Wayang Orang Bharata art center in Senen, Central Jakarta on Wednesday at 8 p.m.

Yogie blasts 'white group' irresponsible citizens

Yogie blasts 'white group' irresponsible citizens BEKASI (JP): Minister of Home Affairs Moch. Yogie S.M. waded into the increasingly acrimonious debate on people who refuse to exercise their right to vote yesterday, blasting them irresponsible citizens.

Soeharto warns foreign press

Soeharto warns foreign press NEW YORK (AFP): Indonesian President Soeharto warned that negative press reports about his country could provoke violence in the Southeast Asian nation, according to Newsweek magazine.

City PDI chapter publishes problems

City PDI chapter publishes problems JAKARTA (JP): Campaigners of the city's chapter of the Indonesian Democratic Party will be issued with a reference book on the city's problems launched yesterday.The book has been in the making since June last year, Lukman F.

Bekasi proclaimed new mayoralty

Bekasi proclaimed new mayoralty BEKASI (JP): Minister of Home Affairs Moch. Yogie S.M. inaugurated the Bekasi mayoralty yesterday, hoping the new administration would immediately deal with its lingering urban problems.Prior to the induction of Kailani A.R.

Nurturing small firms

Nurturing small firms They are known as venture capitalists -- two words which in most developing countries, including Indonesia, have negative or even exploitative connotations. But it was these capitalists and several tycoons that President Soeharto summoned for a special meeting on the...

Where to go in Jakarta:

Where to go in Jakarta:Music * Radisson Hotel, Jl. Pecenongan 72, Central Jakarta: - Lobby Lounge Bar; Vino on Bass and Yudi on Piano, Mona and Nongky (Singers), Monday to Saturday, 6 p.m. to 10 p.m. * Ancol Travelodge, Jl. Lodan Timur No.

PUDI executives reject evidence

PUDI executives reject evidence JAKARTA (JP): The three politicians of the unrecognized Indonesian Democratic Union Party (PUDI) being detained for disseminating antigovernment messages through Idul Fitri greetings cards rejected evidence produced by the Attorney General's Office yesterday.

Governors told to enforce all the electoral laws

Governors told to enforce all the electoral laws JAKARTA (JP): President Soeharto ordered the provincial governors yesterday to enforce all the electoral laws in the May 29 general election."I'm asking you all to pay great attention to make sure the general election is successful," Soeharto said in...

Democracy vs efficiency at WTO

Democracy vs efficiency at WTOBy Djauhari Oratmangun GENEVA (JP): More than two months have elapsed since the World Trade Organization's Singapore Ministerial Conference (SMC) ended.Yet the accusations of "nontransparency and an undemocratic way of doing business", in particular in the...

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Berenstain Bears 3:00 News: Lintasan Berita 3:05 Children's Program: Gelar Music 3:30 Science Film: Four Minute Mile 4:00 News: Lintasan Berita 4:05 Science and Technology Film 4:30 TV Drama: Kejora 5:00 Regional News 5:30 English Lessons...

No transition period for new customs rules

No transition period for new customs rules JAKARTA (JP): The government will not give any transition period for the implementation of the new customs procedures which comes into force on April 1, the customs office said yesterday.The Director of Tariffs and Customs Prices, Daeng M.

Two killed in C. Jakarta fires

Two killed in C. Jakarta fires JAKARTA (JP): Fires broke out in several places in Central Jakarta over the weekend, leaving two people dead and some 1,900 people homeless, the city police spokesman said yesterday.Lt. Col. E.

Garuda Indonesia to reopen Munich service

Garuda Indonesia to reopen Munich service JAKARTA (JP): National air carrier Garuda Indonesia plans to reopen its service to Munich, Germany after quitting the Jakarta- Munich route in 1995.Company general manager in Germany, Agus Asmayadinata, said in Berlin yesterday that Munich had the potential...

Lukman Harun's opinion

Lukman Harun's opinionFrom MerdekaLukman Harun's way of thinking as reported by Merdeka of Feb. 27 is very disturbing. I do not agree on a number of points.1. Muhammadiyah members should not talk to the press directly.

RI key to Australia's live cattle exports

RI key to Australia's live cattle exports SYDNEY (Reuter): Australia's meat industry statutory authority, the Australian Meat and Livestock Corp (AMLC), said in its latest monthly market review live cattle exports, mainly to Indonesia and the Philippines, were the major factor ensuring the...

SE Asian rubber trade frustrated by flat demand

SE Asian rubber trade frustrated by flat demand SINGAPORE (Reuter): Flat global demand for rubber will continue to weigh on Southeast Asian prices this week and the trend will not change unless major consumers step up their buying, regional traders said yesterday.

Refinery output key for Minas

Refinery output key for Minas SINGAPORE (Reuter): Asian crude sales for prompt trading are expected to slow this week as Middle East grades appear mostly placed, while Indonesian refineries are the focus for Minas and Duri sellers.

Indonesia's Susi Susanti aims for All-England title

Indonesia's Susi Susanti aims for All-England title BIRMINGHAM, England (AFP): Susi Susanti, the world's most successful professional badminton player, hopes to win the All- England trophy to supplement the wedding ring she acquired last month.

'RI can learn from loss to Saudis'

'RI can learn from loss to Saudis' JAKARTA (JP): The All-Indonesian Football Federation (PSSI) should learn a lot from the country's defeat by Saudi Arabia in Sunday's friendly match in Singapore, the assistant national coach Parlin Siagian said Sunday.

Swindled by experts

Swindled by expertsFrom Pos KotaOn March 3 at 11 a.m., I left my bank on Jl. Gunung Sahari for Jatinegara. When I arrived at the Jatinegara market, I met someone who claimed to be a Korean. The man asked me how he could get to Glodok as he wanted to take his computer there.

Warring tribes in Timika agree to end violence

Warring tribes in Timika agree to end violence JAKARTA (JP): The death toll in the tribal clashes in Irian Jaya has risen to four, but conflicting parties agreed to end the violence Sunday in a traditional "tying up the arrows" ceremony.

PDI rifts shows up lack of democracy

PDI rifts shows up lack of democracyBy Asip Agus Hasani YOGYAKARTA (JP): Cornelis LAY, a political scientist based at Gadjah Mada University's Inter-University Center, once described Indonesian politics as having a "barbarian" face because of the ever-decreasing opportunities made available to...

Security troops drop into markets

Security troops drop into markets JAKARTA (JP): The army conducted security drills yesterday in Greater Jakarta in preparation for the May general election.Drills were conducted around Hotel Indonesia, the Senen Market, Central Jakarta, the downtown business centers of Jl.

BOC wins RI contract

BOC wins RI contract LONDON (Reuter): BOC Plc said yesterday that its BOC Gases division and a joint venture partner had won a contract to supply oxygen and power to PT Smelting Co in East Java, Indonesia.

Standard tariff for ASEAN

Standard tariff for ASEAN JAKARTA (JP): The ASEAN Chamber of Commerce and Industry's Working Committee for Infrastructure and Tourism (WCIT) has proposed charter tariffs among nonscheduled airlines in the region be standardized.

Hanbo's bankruptcy

Hanbo's bankruptcyFrom MerdekaIt seems that Kim junior (Kim Hyun-chul) has forgotten that his beloved father, South Korean President Kim Young-sam, is a public figure. A state leader is the property of the people, he becomes a model of the public from the moment he is sworn in as president.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 10, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 51,500 Alumindo Light Metal 1,225 0 97,500 Alumindo...

Advice for Timorese youths

Advice for Timorese youths YOGYAKARTA: East Timor Governor Abilio Jose Osorio Soares called on youths in the former Portuguese colony to stop making an issue out of integration with Indonesia.East Timorese youths should stop concentrating on political, social and religious issues and focus instead...

Indonesia joins Australia's trade expo

Indonesia joins Australia's trade expo JAKARTA (JP): More than 40 businesspeople from 20 Indonesian companies will participate in Australia's Trade Expo 1997 in Melbourne from March 18 to March 20, a government official said yesterday.

Lightning kills senior official

Lightning kills senior official JAKARTA (JP): Government officials mourned yesterday the death of Director General for International Trade Anang Fuad Rivai, who was killed by a lightening bolt while playing golf in Batam on Sunday.

PT Lampung to buy three firms

PT Lampung to buy three firms JAKARTA (JP): PT Lampung Pelletizing Factory, a subsidiary of PT Dharmala Agrifood, will take over three commodity processing companies as part of the retructuring program of its parent firm.The takeover plan was approved in a shareholders meeting yesterday.

Govt to loosen some restrictive campaign rules

Govt to loosen some restrictive campaign rules JAKARTA (JP): Following a torrent of criticism from the minority parties contesting the May 29 general election, the government agreed yesterday to loosen campaign regulations they had branded restrictive.

Mandela ends four-nation tour

Mandela ends four-nation tour KUALA LUMPUR (AFP): South African President Nelson Mandela left Malaysia's northern Langkawi island resort yesterday at the end of a successful five-day visit.During his four-nation tour of the Philippines, Brunei, Singapore and Malaysia, Mandela promoted South African...

Emission tests start again across the city

Emission tests start again across the city JAKARTA (JP): The third phase of vehicle emission tests began at five city sites yesterday, targeting 5,000 cars by Thursday, the head of the city environmental bureau said.

Five killed in bus crash

Five killed in bus crash MANADO, North Sulawesi: Five people were killed and five others injured, two of them critically, in a bus crash here Sunday night, a press report said yesterday.The accident happened at about 8:15 p.m.

HK reassures Indonesia over travel documents

HK reassures Indonesia over travel documents HONG KONG (Reuter): Hong Kong authorities assured Jakarta yesterday that travel documents would remain valid after the British colony reverts to China, making it unnecessary to send home 60,000 Hong Kong people now working in Indonesia.

Alter Abadi books profits

Alter Abadi books profits JAKARTA (JP): The listed kaolin producer PT Alter Abadi posted a net profit of Rp 36.38 billion (US$15.28 million) in 1996, up 33.8 percent compared to 1995's Rp 27.55 billion.

ARCO appraisal almost finished

ARCO appraisal almost finished SINGAPORE (Reuter): Atlantic Richfield Co (ARCO) aims to complete an appraisal program at its Irian Jaya gas field by the end of 1997, ARCO Asia Inc President Roger Truitt said yesterday.

Asian palm oil markets seen mixed

Asian palm oil markets seen mixed KUALA LUMPUR (Reuter): Asian palm oil markets were expected to be mixed this week with bearish technicals seen dampening Malaysian sentiment, while Singapore may recover due to a nearby supply tightness, regional traders said.

McDonald's Corp. lobbies ASEAN on farm reform

McDonald's Corp. lobbies ASEAN on farm reform SINGAPORE (Reuter): A senior official of U.S. hamburger giant McDonald's Corp. said yesterday that protectionist farm policies had driven up the cost of food in Southeast Asia.

RI to produce more ceramic tiles

RI to produce more ceramic tiles JAKARTA (JP): Indonesia's production of ceramic floor and wall tiles is projected to increase to 200,000 million square meters this year from 170 million square meters in 1995, an official said here yesterday.

Kiss of life for Asia's energy futures

Kiss of life for Asia's energy futuresBy P. Parameswaran SINGAPORE (AFP): Asia is moving closer to having a safety-net against oil-price volatility with the impending revival of the region's sole energy futures contract and plans to introduce more hedging mechanisms, analysts say.

Rescue program returns orangutan to forests

Rescue program returns orangutan to forestsBy Yenni Kwok JAKARTA (JP): One of Willie Smits' jobs is returning orangutans that have been kept as pets to the rain forests of Kalimantan.The rescue program, based at the Wanariset Forest research station in East Kalimantan, is part of the larger...

Soeharto's smile gives nothing away

Soeharto's smile gives nothing away JAKARTA (JP): A smile is the only response one will likely get from President Soeharto to the question whether civil servants and Armed Forces (ABRI) personnel will see their wages increased this year.State Minister of Administrative Reforms T.B.

Open heart surgery in Bali

Open heart surgery in Bali DENPASAR, Bali: The Sanglah General Hospital received Friday a Rp 4.7 billion cardiac surgical machine from the Harapan Kita Cardiac Hospital Foundation in Jakarta.Antara reported that the sophisticated equipment was donated under a cooperation between the Denpasar...

SSE to introduce new system to boost trade

SSE to introduce new system to boost trade JAKARTA (JP): The Surabaya Stock Exchange (SSE) will introduce a new trading system today to boost trade.SSE's president, Isakayoga, said yesterday the new trading system, called continuous auction, would enable dealers to trade directly through on-line...

Andrian rejoins national team today

Andrian rejoins national team today JAKARTA (JP): The Indonesian Tennis Association has confirmed that it will let Andrian Raturandang return to the Davis Cup team and the 19th SEA Games training.Benny Mailili, an official of the association's National Tennis Board, said yesterday that Andrian...

ANZ starts emerging markets fund

ANZ starts emerging markets fund LONDON (Reuter): ANZ Investment Bank said on Monday it had launched a new emerging market's local currency debt fund.It said the open-ended fund, ANZ Local Currency Debt Portfolio, was targeted at institutions and sophisticated investors globally and would invest in...

Diah family to sell all shares in Hotel Prapatan

Diah family to sell all shares in Hotel Prapatan JAKARTA (JP): The president of the publicly listed PT Hotel Prapatan, A.T. Nurman Diah, will resign and sell all his family's shares in the company.Nurman will tender his resignation at the company's extraordinary shareholders meeting Thursday,...

Ardy wins Sweden Open

Ardy wins Sweden Open JAKARTA (JP): Old hand Ardy B Wiranata of Indonesia beat Budi Santoso, a junior, in Sunday's all-Indonesian final of the Sweden Open badminton championship 15-10, 15-10.After his victory, Ardy said he planned to reach the world's top 16 so he could take part in the World...

Investment board proposes bill

Investment board proposes bill JAKARTA (JP): The Investment Coordinating Board will propose a bill on both domestic and foreign investment operations to replace Law No.1/1967 and Law No.8/1968.The board secretary Asriel Noer said the bill was made to accommodate the process of economic...

Wimar to host new talk show

Wimar to host new talk show JAKARTA (JP): Local TV viewers can now watch a new talk show hosted by Wimar Witoelar on Indosiar private television station.The 30-minute show Selayang Pandang, a combination of chat and music, will have the high-profile Coordinating Minister for People's Welfare Azwar...

BI firm on lending to small businesses

BI firm on lending to small businesses JAKARTA (JP): The central bank, Bank Indonesia, plans to penalize banks that fail to disburse at least 20 percent of their total credits to small and medium businesses, an official said yesterday.

Govt wants GKG in strong hands

Govt wants GKG in strong hands JAKARTA (JP): The Minister of Finance, Mar'ie Muhammad, said yesterday investors wanting to buy the bankrupt Golden Key Group's (GKG) assets must be financially strong enough to do so without further burdening state-owned Bank Pembangunan Indonesia (Bapindo).