Indonesian Political, Business & Finance News

Archive: 22 March 1997

63 articles found

Soeharto says election not a mere formality

Soeharto says election not a mere formality JAKARTA (JP): President Soeharto dismissed as untrue yesterday cynics' view that the coming election was a mere formality to legitimize his administration."The election is not a ploy by government to maintain the status quo.

Renong, Volvo join forces

Renong, Volvo join forces MANILA (AFP): Malaysia's Renong Bhd. and a unit of Volvo AB of Sweden have formed a joint venture with Philippine firms to set up a bus transport system in Manila, the venture said in a statement yesterday.The joint venture includes Philtrak-Volvo PMS Inc.

Intellectual property laws passed

Intellectual property laws passed JAKARTA (JP): The government pledged yesterday that the amended laws on intellectual property rights approved by the House of Representatives yesterday would boost technological development, trade and investment in Indonesia.

Chavalit ends Singapore trip

Chavalit ends Singapore trip SINGAPORE (Reuter): Thai Prime Minister Chavalit Yongchaiyudh left Singapore yesterday after a two-day visit aimed at boosting ties and eliminating what he called image problems, but giving no details of how either would be achieved.

Wardiman asked to help promote stock market

Wardiman asked to help promote stock market JAKARTA (JP): Capital Market Supervisory Agency (Bapepam) chairman I Putu Gde Ary Suta has asked the Ministry of Education and Culture to help it popularize the capital market throughout the country.

Pitchers head for China

Pitchers head for China JAKARTA (JP): The Indonesia Amateur Baseball and Softball Federation is training its three female pitchers and two female catchers in China in preparation for the 19th SEA Games.

Experience with Bank Niaga

Experience with Bank NiagaFrom Bisnis IndonesiaMy name is Yuwanita Purwadi. I am the wife of and legal heir to the late V. Mailuhu who died on Jan. 4, 1996. My late husband had a bank account at Bank Niaga, Kyai Tapa branch and the account number was 221.6726.2.11.

At least 20 companies set to go public this year

At least 20 companies set to go public this year JAKARTA (JP): At least 20 state and private companies, including five private banks, are set to float shares on the local stock markets this year.The companies expect to raise around Rp 5 trillion (US$2.

RI to open centers in Hungary

RI to open centers in Hungary JAKARTA (JP): Indonesia wants to open a trade distribution center in Budapest in a bid to penetrate the markets of eastern and western Europe, Indonesian Ambassador to Hungary Hassan Abduldjalil has said.

NIIT to train Indonesians

NIIT to train Indonesians NEW DELHI (DPA): The National Institute of Information Technology (NIIT), a premier Indian software and computer training firm, has signed an agreement with an Indonesian organization for providing computer training services there, a senior NIIT official 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.

Last two Hawk fighters arrive in Indonesia

Last two Hawk fighters arrive in Indonesia JAKARTA (JP): The last two of 24 Hawk-100 and Hawk-200 jet fighters which the government had ordered from Britain in 1993 arrived yesterday in Pekanbaru, Riau.Air Force chief spokesman Col.

Traffic congestion

Traffic congestionFrom Suara KaryaThe new traffic regulations implemented in the Kebon Jeruk area, West Jakarta have caused great concern to the community and road users, particularly women.The Mikrolet M-11 minibus which used to go via the elementary schools 01 and 08 and the junior high school...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on March 21, 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 1,175 0 190,000 Alumindo...

INA wins US$850m deal in RI

INA wins US$850m deal in RI BONN (Reuter): German plant constructor Kloeckner Industrie Anlagen Gmbh (INA) said on Thursday it had won a contract jointly with other companies to build a cellulose plant in Indonesia.

Brunei frets about youths as govt aims for diverse economy

Brunei frets about youths as govt aims for diverse economyBy Bill Tarrant BANDAR SERI BEGAWAN, Brunei (Reuter): Some young people in Brunei are lazy and too choosy about jobs, Moslem clerics have declared in recent Friday sermons around the tiny oil sultanate.

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 Development...

Indonesia's energy needs

Indonesia's energy needs Indonesia's plan for nuclear stations on the slope of a volcano in densely populated Java is a cause for concern not only among its people but among countries of the region.Despite the recent assurance from Research and Technology Minister B.J.

Banten villagers hit hardest by recent earthquake

Banten villagers hit hardest by recent earthquakeBy Wirasti Wiryono BANTEN, West Java (JP): Monday's earthquake has made life even harder for many in the remote villages of South Banten district, Pandeglang regency, as they struggle to get their lives back together.

Interest rates may rise next month

Interest rates may rise next month JAKARTA (JP): Bank interest rates, which have been sliding recently, will be put to the test later this month when banks have to settle their income tax, or early next month when they have to fulfill the new reserves requirement.C.

Ignorance blamed for piracy of intellectual property

Ignorance blamed for piracy of intellectual property JAKARTA (JP): Two prominent academics this week acknowledged that scientists and inventors' ignorance of their intellectual property rights contributed to rampant piracy and plagiarism.

Tonasa operates new plant

Tonasa operates new plant JAKARTA (JP): PT Semen Tonasa, the South Sulawesi-based cement factory, will soon operate a cement bagging plant with a capacity of 300,000 tons per year in Palaran, East Kalimantan.

City to remove 332 billboards

City to remove 332 billboards JAKARTA (JP): The city administration will remove 332 billboards starting Monday, the head of the City Revenue Office said yesterday. Reasons range from them having expired licenses to poor condition.

Soeharto will choose next vice president: Amir

Soeharto will choose next vice president: Amir JAKARTA (JP): The President will ultimately choose the next vice president, Golkar former chairman Amir Murtono said yesterday.He said the constitution and a House of Representatives decree had given the President this authority.

Komunikasi gets $100m loan

Komunikasi gets $100m loan SINGAPORE (Reuter): Indonesian telecommunications company PT Komunikasi Selular Indonesia said yesterday it had raised US$100 million through a syndicated loan facility from the Asian dollar market.

Soeharto to open Kalimantan bridge

Soeharto to open Kalimantan bridge JAKARTA: President Soeharto is expected to open an 1,082-meter-long bridge over the Barito River in April so that traffic can flow between South Kalimantan and Central Kalimantan.Governor Gusti Hassan Aman said after meeting Soeharto here yesterday that the 10.

What about it, PBSI?

What about it, PBSI?From MerdekaSince the recent failure of the Indonesian singles and doubles teams at the All England tournament, it appears that the year did not get off to a bright start for badminton players.

Police shot dead two, arrest another four

Police shot dead two, arrest another four JAKARTA (JP): City police shot dead two fugitives and arrested another four during raids Wednesday night at different spots in the city.The chief of detectives for general affairs, Lt. Col.

Shattuck meets human rights activists in East Timor

Shattuck meets human rights activists in East Timor DILI (JP): U.S. Undersecretary of State for Democracy, Human Rights and Labor John Shattuck spent the last day of his two-day visit here yesterday meeting human rights activists.

First of March 1949

First of March 1949From Pikiran RakyatIn compliance with Djaka Rubiyanto's query in his letter "First of March 1949" (quoted by The Jakarta Post on March 15), here is my reply.The attack launched by the State Police Mobile Brigade together with members of the KRIS Brigade XVI on the night of Jan 9,...

Counterfeit tickets

Counterfeit ticketsFrom MerdekaI find the circulation of counterfeit tickets for the Tangerang-Surabaya soccer match in Tangerang, West Java irritating.While sports organizers are busy finding possibilities of raising funds (including ticket sales), there is now another side that misuses the...

Depiction of Prophet protested

Depiction of Prophet protested JAKARTA (JP): Ten Moslem students staged a peaceful demonstration outside the United States embassy yesterday over what they called "America's intolerance of Islam".The representatives of the Jakarta Moslem Students Forum protested the depiction of Prophet Muhammad in...

Activists don't meet summons

Activists don't meet summons JAKARTA: Two activists expected to be questioned about controversial politician Sri Bintang Pamungkas did not show up at the Attorney General's Office yesterday.Risna Salim and Harto David are members of the Indonesian Democratic Union Party (PUDI) which Bintang chairs.

Female activists protest probe

Female activists protest probe SEMARANG: Activists of 15 local non-governmental organizations demanded yesterday that police stop investigating Marsiyem, the widow of slain journalist Fuad Muhammad Syafruddin, who has had a nervous breakdown."We urge that investigators stop questioning Marsiyem.

Building owners tight-lipped on quake damage

Building owners tight-lipped on quake damage JAKARTA (JP): Managements of high rise buildings tend to be closed mouthed about damage caused in the earthquakes Monday, a city construction consultant said.

Kim's son takes huge commission: Television report

Kim's son takes huge commission: Television report SEOUL (AFP): A son of South Korean President Kim Young-Sam took a 200 billion won (US$226 million) commission from a German firm through an intermediary for machinery imports, a television report alleged yesterday.

Taleban militia mission arrives for Islamic summit

Taleban militia mission arrives for Islamic summit ISLAMABAD (AFP): A high-powered mission from Afghanistan's Taleban militia, seeking recognition, arrived in Islamabad yesterday for an Islamic summit, with the Jerusalem problem expected to be a key issue.

Pudjiadi Prestige to issue bonds

Pudjiadi Prestige to issue bonds JAKARTA (JP): Pudjiadi Prestige Ltd. will issue five year bonds totaling Rp 150 billion (US$63.02 million) and will be listed on the Surabaya Stock Exchange on May 15, 1997Avi Y Dwipayana, president of Trimegah Securindo Lestari, the lead underwriter for the bond...

Daredevil to make another attempt

Daredevil to make another attempt KUALA LUMPUR (AFP): A French daredevil who was arrested here Thursday for attempting to scale the world's tallest building still hopes to complete the feat but this time for charity and with official approval.

Twelve dams in critical shape

Twelve dams in critical shape JAKARTA: Twelve of the country's 60 largest dams are in desperate need of repair, Director General for Irrigation Soeparmono said Thursday."The 12 dams are in critical condition because they are old or because of natural factors such as earthquakes.

Hanbo Construction declared bankrupt

Hanbo Construction declared bankrupt SEOUL (AFP): The construction arm of South Korea's failed Hanbo Group was officially declared bankrupt yesterday, a major creditor bank said.Korea First Bank deputy director Lee Ha-Jung told AFP that Hanbo Engineering and Construction Co. Ltd.

Jakarta's star-rated hotels regarded less competitive

Jakarta's star-rated hotels regarded less competitive JAKARTA (JP): Star-rated hotels in the capital will be less competitive as they offer higher room rates compared with hotels of the same class in the region, according to a senior tourist agency official.

Policy change needed to maintain growth

Policy change needed to maintain growth JAKARTA (JP): Indonesia's economic growth is likely to continue declining if the government does not review its current macroeconomic policies, particularly those on export and import procedures, an economist says.

PT Pos Indonesia

PT Pos IndonesiaFrom RepublikaPT Pos Indonesia has erected billboards along roads to promote its services these past few years. Apparently it is empty promotion, because in reality things are different, especially for the areas surrounding Jakarta.On Feb.

Road building funded by OECF

Road building funded by OECF WAMENA, Irian Jaya: Japan's Overseas Economic Cooperation Fund (OECF) has allocated Rp 2.6 billion (US$ 1.13 million) for development projects in the Irian Jaya district of Jayawijaya.Jayawijaya district head J.B.

Kasiyadi charges ahead to take Bukit Darmo lead

Kasiyadi charges ahead to take Bukit Darmo leadBy Robert Soelistyo SURABAYA (JP): Excellent tactics while playing almost flawlessly gave defending champion Kasiyadi from Surabaya's Yani Golf Club sole lead by two strokes after the third round of the Bukit Darmo Golf Championships following a 66...

Decree needed to demolish walls, fences

Decree needed to demolish walls, fences JAKARTA (JP): A gubernatorial decree is needed to enforce the city's plan to demolish walls and fences separating high-rise buildings on the main thoroughfares, a councilor says.

Inconsiderate bus drivers

Inconsiderate bus driversFrom NeracaIt has become a common sight that passengers of public mini vans, even state-owned PPD buses, are being moved from one vehicle to another in the capital. Jakartans seem to have become accustomed to this inconsiderate treatment from bus drivers, even if their...

PPP activists sue governor over color war

PPP activists sue governor over color war SEMARANG (JP): The United Development Party (PPP) kept its promise yesterday to sue Central Java Governor Soewardi for encouraging the public to paint public property yellow to help Golkar win the May general election.

Thousands still squat in forests

Thousands still squat in forests KUPANG, East Nusa Tenggara: A transmigration official has promised that his office will try to resettle 6,835 families of slash-and-burn farmers living inside the province's forests, threatening the their environment.

Ginandjar says bureaucracy lacks professionalism

Ginandjar says bureaucracy lacks professionalismBy Dwi Atmanta MEDAN (JP): The bureaucracy lacks professionalism because of local culture rather than its staff's meager salaries and poor training, State Minister of Development Planning Ginandjar Kartasasmita said here yesterday.

Father rapes young daughter

Father rapes young daughter JAKARTA (JP): Police arrested a man Thursday for allegedly raping his 11-year-old daughter at his house in Ciputat, Tangerang, some 25 kilometers south of here.South Jakarta Police Detective Rycko A.

Mixed reaction to laws on intellectual property rights

Mixed reaction to laws on intellectual property rightsBy Listiana Operananta JAKARTA (JP): The House of Representatives' approval of the amendments to laws on intellectual property rights were welcomed by lawyers but rejected as inadequate by some governmental organizations yesterday.

RP strives to protect North Korean defector

RP strives to protect North Korean defector ZAMBOANGA CITY, Philippines (DPA): Police at air and sea ports in the southern Philippines boosted security yesterday to prevent the assassination of a visiting North Korean defector by foreign agents trying to enter the country through its south.

Malaysia sees future in RI agro-industry

Malaysia sees future in RI agro-industry JAKARTA (JP): The chairman of the Malaysian Industrial Development Authority, Tan Sri Zainal Abidin Sulong, said Malaysian investors saw agro-based industry as one of the most promising sectors in Indonesia.

Nothing irregular in BI's Rp 7b transfer: Witnesses

Nothing irregular in BI's Rp 7b transfer: Witnesses JAKARTA (JP): Witnesses in the trial of a man charged with defrauding Central Bank of Rp 7 billion (US$2.9 million) said yesterday they had not found any irregularities in a transfer form they signed.

Australia looks for local talent

Australia looks for local talent SURABAYA, East Java: Australia's Black Swan Theater Company is planning to invite Indonesian puppeteers, particularly from East Java, to give all-night performances at the Perth Festival in early 1998, the company's director said here Thursday.

Sister testifies in court she bought safe for Zarina

Sister testifies in court she bought safe for Zarina JAKARTA (JP): Zarina's sister testified Thursday that Zarina, on trial for Ecstasy possession, production and distribution, had ordered her to buy a safe in August last year.

Proctor enters Vietnam

Proctor enters Vietnam HANOI (AFP): The U.S. consumer products giant Proctor and Gamble Co. has received a licence to build a US$20 million sanitary napkin plant in the southern province of Binh Duong, a company official said yesterday.

City opens hot-line on motherhood

City opens hot-line on motherhood JAKARTA (JP): Governor Surjadi Soedirdja launched the city's Love Motherhood drive in Tebet, South Jakarta yesterday. He also inaugurated the 192 hot-line, which offers the public information on the Motherhood drive and pregnancy.

Fed Cup heroes to compete in Astra junior tournament

Fed Cup heroes to compete in Astra junior tournament JAKARTA (JP): Indonesian Fed Cuppers, Wynne Prakusya and Eny Sulistyowati, are to participate in the 10th Indonesia Astra International Junior Championships here, the Indonesia Tennis Association announced yesterday.

Lessons from the quake

Lessons from the quake Lessons can be learnt from the strong earthquake which hit Jakarta Monday. The disaster left neither casualties nor serious construction damage but people -- who are always appreciative of such an outcome in any calamity -- were quick to express their gratitude to God.

Lufthansa manager turns cartographer

Lufthansa manager turns cartographer JAKARTA (JP): Want to know how many new roads and housing complexes there are in Greater Jakarta? See Gunther W. Holtorf, and you will get very satisfactory answers.Gunther W.