Indonesian Political, Business & Finance News

Archive: 19 March 1997

52 articles found

Stamp expo in Bandung

Stamp expo in Bandung BANDUNG: PT Pos Indonesia is to sponsor the Bandung Philately Festival 97 from March 27 through March 31, the state-run company announced yesterday.Part of the 75th anniversary of the Indonesian Philatelies Association, the exhibition will feature stamp collections that have...

Spotlight

SpotlightPhoto A: IndoramaIndo-RamaBUSINESS DEAL: S.P. Lophia (second from right), managing director of PT Indo-Rama Synthetics Tbk, congratulates Ray Ho (third from right), director of Deutsche Morgan Grenfell Singapore Ltd., after signing a loan agreement in Singapore.

Indonesia imports 1m tons sugar yearly

Indonesia imports 1m tons sugar yearly BANDUNG (JP): Indonesia imports about one million tons of sugar in a year to supply the demand of sugar in the country, an official has said here.Beddu Amang, the head of the National Logistics Agency, said the demand of sugar now reached 3 million tons, while...

To Mecca with Golkar?

To Mecca with Golkar? JEPARA, Central Java (JP): Hundreds of Moslems going on the haj pilgrimage to Mecca were caught up in the raging political color war here yesterday.They found it impossible to say no when the government officials that had arranged their departure coerced them into buying...

Baby dumper gets six months

Baby dumper gets six months MAUMERE, East Nusa Tenggara: An unmarried woman was sentenced to six months in jail over the weekend for dumping her newborn child into her neighbor's toilet last year.Yabelin Oetpah was found guilty of attempting to murder her 2.8-kilogram baby.

Mar'ie vows to implement new customs law

Mar'ie vows to implement new customs law JAKARTA (JP): Despite private sector concerns the government has vowed to implement the new customs procedures on April 1 without any transition period.The minister of finance, Mar'ie Muhammad, said yesterday the government had made enough preparations to...

RI elections cultural not political, says observer

RI elections cultural not political, says observer JAKARTA (JP): The general elections over the last three decades have been cultural events rather than political ones, an observer said yesterday.The once-in-five-years polls' popular sobriquet, fiesta of democracy, explains their essential meaning,...

City buildings designed for worse quakes: Experts

City buildings designed for worse quakes: Experts JAKARTA (JP): High rise buildings in Jakarta were designed to withstand earthquakes of much greater intensity than Monday's tremors, experts here said.The intensity would have to be at least two and a half times that of Monday to damage buildings,...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 18, 1997: Shares Close Change Trading Volume ------------------------------------------------------ Dharmala Insurance 1,500 0 0 Ades Alfindo 1,025 0 0 Andayani Megah 1,000 0 303,000 AHAP Insurance 2,675 0 0 Argha Karya...

City to investigate disappearing buses

City to investigate disappearing buses JAKARTA (JP): Deputy governor of economic and development affairs Tb. M. Rais asked the City Land Transportation Agency yesterday to investigate why some regular buses have disappeared from their designated routes.

Medicine prices

Medicine pricesFrom NeracaI had to buy some medicine at a private hospital where a relative of mine was hospitalized. I was greatly astounded at the high price of the medicine prescribed. A woman then advised me to buy the medicine elsewhere.

Indonesia standardizes ecolabeling procedures

Indonesia standardizes ecolabeling procedures JAKARTA (JP): Indonesia is standardizing ecolabeling procedures and criteria for its timber companies.The minister of forestry, Djamaludin Suryohadikusumo, said yesterday the standardization of ecolabeling procedures would be completed by April.

Parrots, cockatoos face extinction

Parrots, cockatoos face extinction MATARAM, West Nusa Tenggara: Protected parrots and yellow- crested cockatoos are on the brink of disappearing from the province due to poaching, a local official said here yesterday.

Big budget needed to upgrade Bogor lakes

Big budget needed to upgrade Bogor lakes JAKARTA (JP): A large amount of money is needed to upgrade 120 manmade lakes in Bogor, according to regency spokesman Denny M. Moechry, but the Bogor regency has no authority to upgrade them because they fall under the West Java provincial administration's...

ACPC predicts coffee output will fall 25%

ACPC predicts coffee output will fall 25% SURABAYA, East Java (JP): The Association of Indonesian Coffee Exporters (ACPC) predicts the country's coffee output will fall about 25 percent to 350,000 tons this year from 469,000 tons in 1996 because of bad weather.

Here, here, Amien Rais!

Here, here, Amien Rais!From MerdekaBeing a veteran of the 1945 independence struggle, a former national businessman, and a new order journalist (1966) as well, I was proud to read the front page of Merdeka (March 17) which published a comment from Muhammadiyah general chairman Amien Rais.

Human rights courses planned for universities

Human rights courses planned for universities JAKARTA (JP): The National Commission on Human Rights is developing courses in human rights to be taught at universities.Commission chairman Munawir Sjadzali said that currently the subject could not be taught at primary or secondary schools.

PSN to launch M2A satellites in 1999

PSN to launch M2A satellites in 1999 JAKARTA (JP): PT Pasific Satelit Nusantara (PSN) will spend about US$340 million making two Multi-Media Asia (M2A) satellites.PSN's operating director, Achadiat Djajawinata, said here yesterday the two satellites would be launched by the first quarter of 1999,...

Rights body in awkward position

Rights body in awkward position JAKARTA: East Timorese are scared to report possible violations to the local representative of the human rights commission because the office is near a military base.The observation came from Marzuki Darusman, deputy chief of the National Commission on Human Rights...

No anticipation for congestion

No anticipation for congestionFrom JayakartaTraffic congestion seems to have become worse this year. And sadly, such conditions do not seem to have been anticipated. Traffic jams occur at any time of the day, mornings, afternoons and evenings.

Thai Bank enters Jakarta

Thai Bank enters Jakarta BANGKOK (Reuter): Thai Farmers Bank Plc, Thailand's third largest commercial bank, said yesterday it would open a representative office in Jakarta.The bank said in a statement that the Jakarta office, its 16th overseas representative office, would open on Thursday and would...

Classrooms demolished in school dispute

Classrooms demolished in school dispute JAKARTA (JP): About 75 students of the Central Jakarta De la Salle senior high school have been on "holiday" since Monday after public order officials demolished half their school Sunday.

RI and Malaysia discuss barriers

RI and Malaysia discuss barriers JAKARTA (JP): Indonesian and Malaysian businesspeople will meet tomorrow to assess the problems and constraints of doing business in the two countries.Indonesian businessman Sofyan Wanandi said yesterday the one- day Jakarta Dialogue, focusing on the...

Bonded zones seen reducing RI's current account deficit

Bonded zones seen reducing RI's current account deficit JAKARTA (JP): Bonded zones, despite hosting export-oriented companies, cannot help but reduce the country's current account deficit, legislators have said.

Local fruit potential

Local fruit potentialFrom MerdekaI have felt for some time that our country is fast loosing what it has, like local fruits, which are increasingly becoming a rarity. A few of these are kesemek, gowok, kebembem, cereme, jamblang, rambutan si nyonya, rambutan lengkeng, etc.

Youths demonstrate support for Bintang

Youths demonstrate support for Bintang JAKARTA (JP): A group of 20 youths staged a peaceful demonstration outside the Attorney General's Office yesterday, protesting the arrest of rebel politician Sri Bintang Pamungkas.

Thai PM to visit Brunei

Thai PM to visit Brunei BANGKOK (DPA): Thai Prime Minister Chavalit Yongchaiyudh will travel to Brunei and Singapore this week to discuss trade and investment and address problems faced by Thai laborers in both countries, government sources said yesterday.

BT sees S'pore as Asian telecom hub

BT sees S'pore as Asian telecom hub SINGAPORE (Reuter): British Telecommunications Plc (BT) said yesterday it aimed to turn Singapore into an Asian communications hub if it and its partners won their bid for a license to operate telephone services there from 2000.

RP army attack on camp kills 11

RP army attack on camp kills 11 COTABATO, Philippines (AFP): An army bombing raid on a Moslem camp in the southern Philippines hit a school killing 10 teenage pupils and their teacher, Moro guerrilla leaders charged yesterday.

Telkom responds

Telkom responds I am writing in reference to the letter New telephone line from S & J Watson (March 13).After checking the line on March 13, we found that the cause of the disturbance was the damage of multiplexer equipment, and we repaired the damage on the same day.

Wismoyo tells swimmers to win back national pride

Wismoyo tells swimmers to win back national pride JAKARTA (JP): Wismoyo Arismunandar, the National Sports Council's chairman, went to the Senayan Swimming Pool yesterday to encourage the national swimming team to clean up in the pool at the 19th SEA Games.

Foreign fishermen deported

Foreign fishermen deported MANADO, North Sulawesi: Eight Filipino fishermen have been deported by the immigration office here for entering the province without proper documents, Antara reported yesterday.

Tariffs for AFTA set

Tariffs for AFTA set JAKARTA (JP): The government has set a schedule of tariff reduction for most industrial products of up to 5 percent by 2003 for the ASEAN Free Trade Area.Finance minister decree No. 94/KMK.01/1997, dated Feb.

UN, U.S. human rights officials to visit E. Timor

UN, U.S. human rights officials to visit E. Timor JAKARTA (JP): Two high-ranking foreign officials, U.S. Assistant Secretary of State John Shattuck and United Nations special envoy Jamsheed Marker, are due in East Timor this week on separate fact-finding missions on the human rights situation.

Govt relaxes rules on election campaigners

Govt relaxes rules on election campaigners JAKARTA (JP): The government, already under fire for its election policy that critics say benefits Golkar, is relaxing the rules governing election campaigners.

Business in HK to remain as usual after handover

Business in HK to remain as usual after handover JAKARTA (JP): Hong Kong's secretary for trade and industry, Denise C.Y. Yue, assured Indonesia's business community yesterday that Hong Kong's economic regime would be unchanged after the colony was transferred to China.

Malaysia rubber production falls 12%

Malaysia rubber production falls 12% KUALA LUMPUR (Reuter): Weak prices have driven down Malaysian natural rubber output by an estimated 12 percent in the first quarter of 1997 compared to the year-earlier period, rubber traders said yesterday.

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.

Pilgrims to face cold weather in Holy Land

Pilgrims to face cold weather in Holy Land JAKARTA (JP): This year's haj pilgrims are facing relatively cold weather in Saudi Arabia, a situation which will increase the physical ordeal of the journey, according to Wan Alkadri, the head of the Ministry of Health's Haj Health Affairs.

Soeharto blasts hasty analyses

Soeharto blasts hasty analysesBy Dwi Atmanta MEDAN (JP): President Soeharto criticized Indonesian social scientists yesterday for issuing what he called unsubstantiated analyses of the unrest that rocked the country in recent months.

Local stocks keep falling

Local stocks keep falling JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) continued to lose ground yesterday sparked by a sharp drop in Telkom's share price.An HG Asia dealer said the market was featureless as investors were not hungry for shares.The JSX composite index closed 1.

Financindo secures loans

Financindo secures loans JAKARTA (JP): PT Tunas Financindo, a subsidiary of PT Tunas Ridean, signed a loan syndication worth US$30 million in Singapore yesterday to strengthen its working capital.The company announced yesterday the loan, arranged by HSBC Investment Bank Asia Limited, was 23 percent...

Two soldiers testify against Aberson

Two soldiers testify against Aberson JAKARTA (JP): Two military witnesses testified yesterday in the Central Jakarta District Court against Indonesian Democratic Party (PDI) legislator Aberson Marle Sihaloho by recalling the defamatory statements he allegedly made against President Soeharto.

ABRI member demolishes villa

ABRI member demolishes villa BOGOR (JP): A Jakarta-based general has set an example for other Armed Forces personnel by demolishing his illegal villa in Puncak.Bogor mayoralty spokesman Denny M. Moechry confirmed an ABRI official had demolished his villa in response to the government's campaign to...

S'pore to launch speed crackdown

S'pore to launch speed crackdown SINGAPORE (DPA): While traffic gridlock slowly paralyzes East Asia's big cities from Taipei to Jakarta, Singapore has been lucky or clever enough to keep cars humming along its streets and highways quickly -- perhaps too quickly.

Rights body says circus guilty of child abuse

Rights body says circus guilty of child abuse BOGOR (JP): The National Commission on Human Rights found that the Oriental Circus Indonesia violated the rights of the employees who ran away to the rights body for help.

Childless couples eye orang utans

Childless couples eye orang utans KUALA LUMPUR (AFP): Baby orang utans are being abducted and reared by desperate childless couples in Malaysia, a newspaper reported here yesterday.The couples shave the body hair off the orang utans to make them look more human, Edwin Bosi, an officer at the...

Defamation case trial to go on

Defamation case trial to go on JAKARTA (JP): The Central Jakarta District Court decided yesterday to continue trying a lawyer charged with defaming Akbar Tandjung, the minister of public housing.Heri S.

Grahaniaga gets $105 million loan

Grahaniaga gets $105 million loan JAKARTA (JP): Property developer PT Grahaniaga Tatautama secured yesterday a US$105 million syndicated loan from 26 banks.The company's president, Mohamad S Hidayat, said $75 million would be used to finance the development of the second Niaga Tower in the Sudirman...

Brunei confirms for SEA Games

Brunei confirms for SEA Games JAKARTA (JP): Brunei became the last country to confirm its participation in the 19th SEA Games here from Oct. 11 to Oct. 19.An official of the organizers, M. Hindarto, said Brunei will send its 325 athletes and 106 officials to take part in 24 events.

Malaysian leaders cautious on Lee's vow to retract remarks

Malaysian leaders cautious on Lee's vow to retract remarks KUALA LUMPUR (AFP): Malaysian leaders reacted guardedly yesterday to Singapore political patriarch Lee Kuan Yew's promise to retract remarks which triggered a political row between the two neighbors.

Oki expands business

Oki expands business TOKYO (Reuter): Oki Electric Industry Co Ltd said yesterday that it and a Chinese telecommunications firm would set up a joint venture in China in May to manufacture and sell telephone systems and switchboards.