Indonesian Political, Business & Finance News

Archive: 15 March 1997

61 articles found

Official sponsors announced at SEA Games launch

Official sponsors announced at SEA Games launch JAKARTA (JP): The five official sponsors of the 19th SEA Games, to be staged here from Oct. 11 to Oct. 19, were announced yesterday.They are National Panasonic, Tiger Beer, Konica, Aqua and Nikon.

Lee could face Malaysian suit over statement

Lee could face Malaysian suit over statement KUALA LUMPUR (Agencies): A Malaysian political youth group yesterday said it may sue Singapore Senior Minister Lee Kuan Yew for libel, adding potential injury to the insults they heaped on him a day earlier.

RI asks WB to fund telecoms project

RI asks WB to fund telecoms project JAKARTA (JP): The government is asking the World Bank for more financial assistance to support the development of the country's telecommunications network, a senior official said yesterday.

Minister scratched in heli crash

Minister scratched in heli crash JAKARTA (JP): Minister/State Secretary Moerdiono confirmed yesterday that three ministers escaped unhurt when their helicopter crashed seconds after takeoff from Banda Aceh Thursday.

PLN to raise $1 billion in public offering

PLN to raise $1 billion in public offering JAKARTA (JP): PLN president director Djiteng Marsudi said the state electricity company expects to raise around US$1 billion from sales of the company's two subsidiaries's shares to public.

ACeS signs $250m loan

ACeS signs $250m loan JAKARTA (JP): PT Asia Cellular Satellite (ACeS) has secured a US$250 million loan from a consortium of Indonesian financial institutions.The loan was coordinated by PT Danareksa and arranged by six financial institutions.

NCO teams up with Daverne and Rott in sold-out concert

NCO teams up with Daverne and Rott in sold-out concertBy Elise A. Sulaiman JAKARTA (JP): Classical music lovers should be proud of the Nusantara Chamber Orchestra's nearly perfect performance at Gedung Kesenian Jakarta earlier this week.

BDNI issues $78M FRCD

BDNI issues $78M FRCD HONG KONG (Reuter): PT Bank Dagang Nasional Indonesia's US$78 million floating rate certificates of deposit issue has closed, the arrangers said yesterday.The six-year issue, which was launched through the bank's Cayman Islands branch, comprises one tranche of US$38 million...

Matahari, Mustika and Modern help small firms

Matahari, Mustika and Modern help small firms JAKARTA (JP): Matahari Group, PT Mustika Ratu, Modern Group and the Coordinating Body for the Implementation of National Business Partnership Program (BKPK-KUNAS) pledged yesterday to provide Rp 193 billion (US$81.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 Cartoon Film: Animated Classic 3:00 News: Lintasan Berita 3:05 Sports 4:00 News: Lintasan Berita 4:05 TV Series: Big Brother Jake 4:30 Science Film: Home Green Home 4:55 Filler and Trailler 5:00 Regional News 5:25 Travel: My Country 5:30 Environment...

RI into final of Fed Cup qualifier

RI into final of Fed Cup qualifier JAKARTA (JP): The marauding Indonesian Fed Cup team maintained its winning streak as it waltzed past lowly Hong Kong 3-0 yesterday in the semifinals of the Asia Oceania Qualifying Group I to challenge first-seeded Chinese Taipei in today's final.

Damaged roads

Damaged roadsFrom MerdekaThe number of damaged roads linking Jakarta with West Java has certainly given cause for complaints from locals and road users. Such is the case of roads in Bekasi and Tangerang which have often been the focus of the media.

Ciputra expands business to Vietnam

Ciputra expands business to Vietnam JAKARTA (JP): Property baron Ciputra is expanding his business into Vietnam and Myanmar after having successfully operated in Singapore for 20 years.Earlier this week he said affiliated companies were building a US$5 million five-star hotel in Hanoi and a $2...

Indonesia, Australia sign treaty

Indonesia, Australia sign treaty PERTH, Australia (Agencies): Indonesia and Australia signed a long-awaited sea boundary treaty yesterday, establishing their exclusive economic zones after 30 years of negotiations.

People urged to ignore calls for poll boycott

People urged to ignore calls for poll boycott SEMARANG (JP): The campaign against abstaining in the May 29 general election is intensifying, with a Moslem leader and a human rights figure being the latest figures urging people to vote.

Kantata group adds life to local music scene

Kantata group adds life to local music sceneBy Helly Minarti JAKARTA (JP): Among the roaring new talents blossoming on the Indonesian music scene, a few old crackerjacks in the Kantata group showed at the Gedung Kesenian Jakarta that they can still sparkle.

Subway? Maybe not this year, Habibie says

Subway? Maybe not this year, Habibie says JAKARTA (JP): The subway project will not go ahead until financial backing is confirmed, a minister said, contradicting an earlier announcement that the project would begin in June.State Minister of Research and Technology B.J.

10,000 to back up election security

10,000 to back up election security JAKARTA (JP): Organizers of an election security team said yesterday around 10,000 people would back up the police and military securing the election in May.The civilian team consists of about 2,500 Golkar, PDI and PPP members and 7,500 members of their...

Pakpahan may have lung tumor

Pakpahan may have lung tumor JAKARTA (JP): Jailed labor leader Muchtar Pakpahan, hospitalized since March 1, said yesterday he might have a lung tumor and would have to undergo further medical tests.The chairman of the unrecognized Indonesian Prosperous Labor Union said he was told by a member of...

Hotel Prapatan's shake-up

Hotel Prapatan's shake-up JAKARTA (JP): Hotel Parapatan shareholders approved Suherman Widjaya as new president Thursday. He replaces Nurman Diah.In a extraordinary meeting held three days after Nurman said he would resign, shareholders also appointed Itoek S, Tirtoprodjo and Krishnadi Kartawidjaya...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 14, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 0 Alumindo Light Metal 1,200 0 388,500 Alumindo...

Teenager stabs co-worker for scold

Teenager stabs co-worker for scold JAKARTA (JP): Central Jakarta Police arrested a teenager yesterday for stabbing his co-worker in a quarrel Tuesday.Police source said Abdul, a junior worker at a Padang (West Sumatra) restaurant on Jl.

Public must be told of delay on eastern canal

Public must be told of delay on eastern canal JAKARTA (JP): Officials must tell the public if they will delay the long-awaited eastern canal project, the spokesman for the Indonesian Democratic Party (PDI) said yesterday.Lukman F.

Kadin says govt should rethink oil palm ban

Kadin says govt should rethink oil palm ban JAKARTA (JP): The government's ban on new foreign investment in oil palm plantations will harm domestic investment in the sector and allow certain business groups to dominate the sector, the Indonesian Chamber of Commerce and Industry (Kadin) said...

RI-S'pore JVC in Cikarang

RI-S'pore JVC in Cikarang JAKARTA (JP): A joint venture between Indonesia's Jababeka and Technology Parks Pte. Ltd Singapore, called PT Gerbang Teknologi Cikarang, has bought 240 hectares in PT Kawasan Industri Jababeka's industrial estate in Cikarang, West Java.

Safari park denies employing children

Safari park denies employing children JAKARTA (JP): The management of the famous safari park near the West Java town of Bogor denied yesterday allegations of child abuse hurled at them by two escaped employees.

Paribas to boost investment in Indonesia

Paribas to boost investment in Indonesia PARIS (JP): One of France's major financial groups, Groupe Paribas, will expand its banking and equity investment in Indonesia's rapidly developing financial sector.

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.

C.P. Prima sees profit up

C.P. Prima sees profit up JAKARTA (JP): Publicly listed aquiculture firm PT C.P. Prima expects its net profit to rise 80 percent from Rp 20 billion (US$8.51 million) last year to Rp 36 billion this year.The company also expects net profit to increase a further 92 percent to Rp 69 billion next year.

Indonesia's trade deficit with France drops

Indonesia's trade deficit with France drops PARIS (JP): Indonesia's trade deficit with France significantly dropped last year despite the fall in Indonesia's exports to that country.Indonesia's ambassador to France, Satrio Budihardjo Joedono, said yesterday said trade still favored France because...

World's central banks must improve ties, says UK banker

World's central banks must improve ties, says UK banker JAKARTA (JP): The most senior Bank of England member to visit Indonesia in decades stressed yesterday the need for the world's central banks to improve ties.

A new format for a new era

A new format for a new era Because the general election will be held in May, this year has been labeled a year of politics. This is quite natural, since experience shows that political activities tend to increase in years in which general elections are held.

A welcome trend

A welcome trend In this country, where books are still considered something of a luxury, the increasing trend among our leading public figures to have their autobiographies or memoirs published, can certainly be regarded as a welcome development.

No Games for Ruwiyati without doctor's certificate

No Games for Ruwiyati without doctor's certificate JAKARTA (JP): Ruwiyati will not compete in the SEA Games here unless she can present a doctor's certificate to prove she is healthy, Pieter Noya, a training coordinator for the Games, said yesterdayPieter told The Jakarta Post that the test by...

Army seizes guns in Aceh

Army seizes guns in Aceh BANDA ACEH, Aceh: Indonesian troops have seized 37 foreign- made weapons, including 22 rifles from a village witchdoctor, in an operation against separatists in the province, Antara said yesterday.

Brunei Darussalam favorite to host 1999 SEA Games

Brunei Darussalam favorite to host 1999 SEA Games JAKARTA (JP): Brunei Darussalam is likely to host the next SEA Games in 1999, a National Sports Council official said yesterday.The official, who requested anonymity, said the SEA Games Federation had sent a letter to Brunei asking it to host the...

Murderer gets life

Murderer gets life KUPANG, East Nusa Tenggara: A government official was sentenced to life yesterday for murdering a security guard in 1993 over fears that the victim would expose his colleagues' love affairs.

City rule needed on water catchment wells

City rule needed on water catchment wells JAKARTA (JP): City officials said a city rule on water catchment wells was needed to avoid further groundwater contamination and depletion.Aboejoewono, head of the city's environmental bureau said Thursday the rule would help enforce the 1992 gubernatorial...

Boediardjo in coma, suffering prostate cancer

Boediardjo in coma, suffering prostate cancer JAKARTA (JP): Boediardjo, Indonesia's information minister from 1968 to 1973 being treated for prostate cancer in Cipto Mangunkusumo Hospital, lapsed into a coma yesterday, his relatives said.

Australia-PNG rift over mercenary plan widens

Australia-PNG rift over mercenary plan widens SYDNEY (Agencies): Papua New Guinea (PNG) Prime Minister Sir Julius Chan yesterday brushed aside Australia's offer of more military aid and insisted foreign mercenaries would serve in troubled Bougainville province.

African mummy

African mummy Although I am an avid reader of most major columns of The Jakarta Post I never take serious notice of a column called "This Odd World" even though it appears on the front page.But on March 8, I took a quick glance at the column and was puzzled by a news item that appeared racist.

First batch of haj pilgrims leaves today

First batch of haj pilgrims leaves today JAKARTA (JP): Flights taking the first of the 197,615 Indonesian haj pilgrims to Mecca are scheduled to leave this morning from all six embarkation airports.Last year Indonesia sent 194,000 pilgrims; thousands of others had to wait until this year because...

First of March 1949

First of March 1949From Pikiran RakyatSoewarno Darsoprajitno's article "Youth Pledge also inspired the general attack on the first of March 1949" (Pikiran Rakyat, March 3) has revived my long-cherished wish to compare data with Prof.

Malaysia-Singapore sibling rivalry lingers

Malaysia-Singapore sibling rivalry lingersBy Bill Tarrant KUALA LUMPUR (Reuter): Malaysia's angry response to a disparaging remark by Singapore's Lee Kuan Yew highlights a sibling rivalry between the two countries that were once united, analysts said on Thursday.

The endangered beauty of the rare Rafflesia plant

The endangered beauty of the rare Rafflesia plantBy Joko Sarwono BOGOR, West Java (JP): Parasites can have a devastating effect on plant life, but certain types can also play a beneficial role.The Rafflesia plant is a parasite that is entirely dependent on the plant it clings to (usually creeper...

Delphi's Asia-Pacific sales hit $1.4 billion

Delphi's Asia-Pacific sales hit $1.4 billion SINGAPORE (AFP): U.S.-based Delphi Automotive Systems, a leading supplier of automotive components, said here Friday it posted a 40 percent increase in sales to US$1.4 billion in the Asia-Pacific region last year.

Shares fall again, rupiah weakens

Shares fall again, rupiah weakens JAKARTA (JP): Heavy selling continued on the Jakarta Stock Exchange yesterday with the Composite Index losing another 3.5 points to close at 666.84Securities analysts attributed the loss on an overnight drop on Wall Street and fears of a possible rise in the U.S.

Rp 1.2 trillion power plant

Rp 1.2 trillion power plant MANADO, North Sulawesi: The province is soon to have a steam- generated power plant with a capacity of 110 megawatts per day located in Kawangkoan Bawah village, Minahasa district, North Sulawesi.Construction of the Rp 1.

Ceka books $7.2m profit

Ceka books $7.2m profit JAKARTA (JP): Indonesia's only speciality fat maker, the publicly listed Cahaya Kalbar (Ceka) posted a Rp 17 billion (US$7.2 million) net profit last year.The result was built on net sales of Rp 100 billion.

Four Seasons' condos get good response

Four Seasons' condos get good response JAKARTA (JP): The Four Season Regent Residences expects a big profit because it has sold most of its rooms in several months.The company's marketing director, Tyler E.

Police seize 2m Nipam pills

Police seize 2m Nipam pills JAKARTA (JP): Police seized more than two million Nipam 10 pills, barbiturate-type drugs whose sale and production is prohibited, in a raid on a drug packaging factory in West Jakarta, the City Police spokesman said yesterday.Lt. Col. E.

Foreigners to be barred from investigating election

Foreigners to be barred from investigating election JAKARTA (JP): The government will not allow the invited foreign observers to investigate or pass judgment on the May 29 general election, an official said yesterday.Soetojo N.K.

Indonesian not so easy

Indonesian not so easy I did not see the Sunday Jakarta Post, so therefore did not see GS Edwin's article, which Ben Dowson thoroughly agreed with in his letter Disinterested or lazy (March 12). I think Dowson makes rather too sweeping a generalization when he claims that anyone who cannot pick up...

Working in public toilets brings freedom?

Working in public toilets brings freedom? JAKARTA (JP): Working in a public toilet for seven hours a day is not the sort of job people dream about.But what would the ladies rooms in Malls be without the women working there? They make sure there is enough toilet paper and that it is folded neatly...

Susi, Ricky and Rexy fall, Arbi through at All England

Susi, Ricky and Rexy fall, Arbi through at All England LONDON (Reuter): Susi Susanti bowed out, possibly for the last time, at the All-England Championships on Thursday, a tournament she had virtually made her own in the early 1990s.

17 foreigners naturalized

17 foreigners naturalized JAKARTA (JP): The West Jakarta District Court naturalized yesterday 17 foreigners who have lived here for a long time.Led by Judge Andar Purba, the court's chief judge, the 17, all of whom are of Chinese origin, pledged allegiance to Indonesia, that they would respect the...

Structural violence revisited

Structural violence revisitedBy Aleksius Jemadu BANDUNG (JP): The recent riots in several places throughout the country has led us to believe that the only source of threat to our nation-building will come from open conflict among different ethnic and religious groups in our pluralistic society.

Bintang threatening legislator over arrest

Bintang threatening legislator over arrest JAKARTA (JP): Rebel politician Sri Bintang Pamungkas threatened yesterday to sue a politician from the dominant Golkar organization for allegedly plunging him into legal trouble.

Tunky urges big firms to invest overseas

Tunky urges big firms to invest overseas JAKARTA (JP): The government has urged big Indonesian businesses to invest overseas to build and strengthen networks to penetrate foreign markets.Minister of Industry and Trade Tunky Ariwibowo said yesterday that investing abroad would automatically create...

Drunken hoodlums kill soldier

Drunken hoodlums kill soldier JAYAPURA, Irian Jaya: Chief Private Thomas was mobbed to death by 10 drunken hoodlums in Abepura near here Wednesday night, a press report said yesterday.Thomas, a member of the Trikora regional military command overseeing security in Maluku and Irian Jaya was...

Barito subsidiary gets $991m to build pulp mill

Barito subsidiary gets $991m to build pulp mill JAKARTA (JP): PT Tanjungenim Lestari Pulp & Paper, a subsidiary of PT Barito Pacific Timber, secured a US$991 million syndicated loan yesterday from 25 foreign banks to finance the building of its pulp mill near Palembang, South Sumatra.