Indonesian Political, Business & Finance News

Archive: 17 April 1997

62 articles found

Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Chedi Hotel, Jl. Rancabentang 56 - 58: Job (Pianist), Monday to Wednesday, 5:30 p.m. to 8 p.m., Irven (Guitar), Monday to Wednesday, 8:30 p.m. to 11 p.m., Mixed Voices Accapela (Singer) and Andi (Pianist), Thursday and Saturday, 8:30 p.m. to 11:30 p.

Wahono calls for fair competition in general election

Wahono calls for fair competition in general election JAKARTA (JP): House Speaker Wahono closed yesterday the House of Representatives' penultimate season with a call for fair competition in the general election.

South Australia has keen interest in AIDA

South Australia has keen interest in AIDA JAKARTA (JP): The South Australian government has a keen interest in tapping trade and investment opportunities arising from the Australia-Indonesia Development Area (AIDA).

Indonesia's modern financial system

Indonesia's modern financial systemBy David C. Cole and Betty F. Slade CAMBRIDGE, Massachusetts, U.S. (JP): Building a modern financial system was not even mentioned in early literature on the elements critical for achieving economic development.

Hankook to invest abroad

Hankook to invest abroad SEOUL (Reuter): Hankook Tire Manufacturing Co Ltd plans to invest US$1.2 billion by the year 2002 to build plants in Indonesia and several other Asian countries, a company spokesman said yesterday.

Journo's attacker to be punished

Journo's attacker to be punished DILI, East Java: Prosecution yesterday demanded eight months imprisonment for Liban Cavin Soares, 15, for allegedly beating Tiras magazine reporter Gaudensius Mau last year.

Bank examiners

Bank examiners Bank Indonesia, already under sharp criticism by many analysts for what they call its stop-and-go and often discriminatory measures in handling troubled banks, is coping with another problem in its backyard -- possible crooks among its own staff.But unlike the Rp 7 billion (US$2.

Positive idea

Positive ideaFrom MerdekaThe idea of Minister of Youth and Sports Hayono Isman to hold a seminar on Nawaksara (nine-point accountability speech by RI's first president, Sukarno, before the Provisional People's Consultative Assembly (MPRS) in 1966) is very positive in my opinion.

Armed robbery in South Jakarta

Armed robbery in South Jakarta JAKARTA (JP): Eight men, one of them carrying a gun, broke into a house in South Jakarta yesterday, bound the owners and stole two handphones, a laserdisc player, two televisions, a guitar, 160 grams of gold jewelry and Rp 3 million (US$1,250).City Police Spokesman Lt.

Art Events

Art EventsExhibition: Thomas Dua at Blue Moon, a gallery situated in the ricefields, Jl. Tirta Tawar, Ubud, Bali, Ph. (0361) 976727April 13-26A pair of artists, who call themselves Thomas Dua, present their unique exhibition at a small gallery just north of Ubud.

900 phone lines disrupted

900 phone lines disrupted JAKARTA (JP): Nine hundred telephone lines in Pangkalan Jati and Pondok Labu in South Jakarta were disrupted by water flooding the primary cables, an official said yesterday.An official of South Jakarta PT Telkom (state-owned telecommunication company), Mahatua Sinaga,...

Nahla Moslem executive club strives to go global

Nahla Moslem executive club strives to go globalText and photo by K. Basrie JAKARTA (JP): A line of diplomats, business executives, professionals and expatriates, all wearing their business outfits, filed into the spacious room to attend Indonesia's only Friday prayer service in English.

No Indonesian among Mecca fire victims

No Indonesian among Mecca fire victims JAKARTA (JP): No Indonesians have been found among victims of Tuesday's fire that ravaged Mina city in Saudi Arabia and killed hundreds of pilgrims, an official said yesterday.

Hari buys 10% of Multipolar's shares

Hari buys 10% of Multipolar's shares JAKARTA (JP): The president of publicly-listed Matahari Putra Prima, Hari Darmawan, through his investment company PT Haritama Bakti Persada, has bought 10 percent of Multipolar for Rp 56 billion (US$23.52 million).

Dharmala creates fund

Dharmala creates fund JAKARTA (JP): PT Dharmala Securities Jakarta, a subsidiary of the Indonesian property giant Dharmala Group, has set up a US$50 million property investment fund.The fund will be listed in Luxembourg.

Govt to issue ruling on mergers

Govt to issue ruling on mergers JAKARTA (JP): The government will issue a ruling on acquisitions, mergers, divestment, joint ventures, restructuring, break-ups and joint operations, the minister of justice, Oetojo Oesman, said yesterday.

Ten best chess players to get monthly salaries

Ten best chess players to get monthly salaries JAKARTA (JP): The Indonesian Chess Association will choose the country's 10 best players, after its three grand masters, and give them a monthly salary based on their rankings.

'Kartu Halo'

'Kartu Halo' We refer to the letter published by The Jakarta Post on April 15, 1997 (name and address of the writer withheld), entitled Telkomsel or not Telkomsel.We would like to apologize for the delay in activating your Kartu Halo handphone card and the inconvenience that was caused.

More firms apply for mining contracts

More firms apply for mining contracts JAKARTA (JP): More foreign and joint venture companies are applying for contracts of work (COWs) to explore and develop mineral resources in Indonesia, a Ministry of Mines and Energy source said yesterday.

UN report cites gap between urban and rural incomes

UN report cites gap between urban and rural incomes JAKARTA (JP): The imbalance between the sectoral share of output and employment is a source of concern in Indonesia as it reflects a rise in the disparity between the income levels of the urban industrial sector and rural agricultural sector,...

Ever Shine Tex to set up new plant

Ever Shine Tex to set up new plant JAKARTA (JP): The integrated textile manufacturer PT Ever Shine Tex has set up a subsidiary, PT Primajuli Sukses, to produce nylon filament yarn.Director of the firm, Erlien Lindawati Surianto, said that Primajuli Sukses would spend around US$25 million to...

Southeast Asia sets agenda as international marine hub

Southeast Asia sets agenda as international marine hubBy Anil Penna SINGAPORE (AFP): Southeast Asia, known for its crystal clear seas and white beaches, is setting its sights on to becoming a world-class marine leisure playground to rival the Caribbean and the Mediterranean.

Fugitive shot in Cengkareng

Fugitive shot in Cengkareng JAKARTA (JP): Police officers yesterday fatally wounded a fugitive and arrested several suspects during a raid in Cengkareng, West Jakarta.The site, a slaughter house on Jl. Peternakan II, is believed to be the hiding place of gang members.

BI officer testifies in fraud trial

BI officer testifies in fraud trial JAKARTA (JP): A witness in the Rp 7 billion (US$2.9 million) Bank Indonesia fraud trial told the court yesterday that password exchange was common in the Bank's treasury department's cashiers' section.

Poster painting contest on going

Poster painting contest on going JAKARTA (JP): A poster painting contest for senior high school students is held today at the South Jakarta mayoralty on Jl. Trunojoyo, Kebayoran Baru.Antara reported that the event was organized by the cultural office of the mayoralty.

Emotional baggage to stick in KL-S'pore ties

Emotional baggage to stick in KL-S'pore tiesBy David Chew SINGAPORE (JP): The diplomatic row between Malaysia and Singapore has tapered off and looks set to end on a quiet note, a stark contrast to its dramatic beginning last month when Singapore Senior Minister Lee Kuan Yew made some disparaging...

Where to go in Jakarta:

Where to go in Jakarta:Music * Jakarta Hilton International Hotel, Jl. Gatot Subroto: - Lagoon Lounge; Piano live entertainment, open daily, 6 p.m. to 11 p.m. - Pizzaria Restaurant; Ocean Park Band, Wednesday and Thursday. Prospect Band, Sunday, Monday, Tuesday.

Public warned about suspicious foreigners

Public warned about suspicious foreigners JAKARTA (JP): The public should be wary of suspicious looking foreigners and report them to the authorities, Zaiman Nurmatias, the director of control and supervision at Immigration, said yesterday.

Ceramic display at Twilite Cafe

Ceramic display at Twilite Cafe JAKARTA (JP): A ceramics exhibition is on until April 30 at the Galeri Twilite Cafe on Jl. Kemang Raya, South Jakarta.Former minister of environment Emil Salim opened the display of works by the young artist Puti Alifa on Tuesday.

Homepage on Pancasila

Homepage on Pancasila JAKARTA: The Pancasila Implementation Supervisory Board (BP-7) plans to open a Homepage on Indonesia's Pancasila ideology on the Internet, its chairman said Tuesday."The Homepage aims to disseminate accurate information on Indonesia so Indonesians here and abroad will know how...

Minister calls for efficiency to reduce air pollution

Minister calls for efficiency to reduce air pollution JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja called yesterday for efficiency in the production process to minimize urban air pollution.

Indonesia losing competitiveness: ADB

Indonesia losing competitiveness: ADB MANILA (AFP): The Asian Development Bank said yesterday the Indonesian economy had performed well in 1996, but warned the country was losing its competitiveness due to declining productivity."The Indonesian economy continued to perform well in 1996," ADB said.

Government criticized nuke plant announcement

Government criticized nuke plant announcement JAKARTA (JP): Anti-nuclear activists were angered yesterday over the government's announcement that construction of a nuclear power plant would start in 2006.The activists accused State Minister of Research and Technology B.J.

UN rights commission criticizes Indonesia

UN rights commission criticizes Indonesia GENEVA (Agencies): The United Nations Human Rights Commission criticized Indonesia yesterday for alleged human rights violations in East Timor, Associated Press said.A resolution put forward by the European Union passed by 20-14 in a vote at the commission.

Police get 20 new motorbikes

Police get 20 new motorbikes JAKARTA (JP): City Police yesterday received a gift of 20 motorbikes from a company owned by President Soeharto's eldest daughter Siti Hardiyanti Rukmana.The motorbikes, Yamaha RX Kings, worth around Rp 120 million (US$50,000), are to be mainly used by Pioneer Squad...

Japanese firms to invest in Natuna

Japanese firms to invest in Natuna TOKYO (AFP): Mitsubishi Corp. yesterday said a consortium comprising it and 10 other Japanese companies planned to invest about 250 billion yen (US$2 billion) in Indonesia's Natuna gas project.

TV programs

TV programsTodayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Family Matters 3:10 Science Film: Animal Odyssey 3:35 Religious Teachings: Islam 4:00 Regional News 4:30 Culture Program: Pelangi Budaya 5:00 Arabic Lessons 5:25 Teenagers' Program: Bermain Musik,...

Workers' share of revenues remain low

Workers' share of revenues remain low YOGYAKARTA (JP): Workers' share of national revenue remains low although the government has set the level of minimum wages, economist Kwik Kian Gie said yesterday.In a seminar titled Humane Economic Development, Kwik said company managers' concern that higher...

RI coffee sales steady: Dealers

RI coffee sales steady: Dealers SINGAPORE (Reuter): Indonesian robusta coffee sales were seen proceeding at a steady pace, but the rest of the Southeast Asian coffee market remained mired in sleepy conditions, dealers said yesterday.

10,000 Ecstasy pills seized

10,000 Ecstasy pills seized MEDAN, North Sumatra: Customs officers at the Polonia airport here seized 10,000 Ecstasy pills allegedly belonging to a Dutch national aboard Garuda Indonesia GA-987 which arrived from Amsterdam Monday.

Five rebels killed in RP fighting

Five rebels killed in RP fighting ZAMBOANGA, Philippines (AFP): Five rebels including a commander were killed and one was captured by the Army near this southern city, the military said yesterday.The skirmish began early Tuesday when 50 heavily armed rebels of the Moro Islamic Liberation Front...

RP awaits RI probe on geologist's death

RP awaits RI probe on geologist's death MANILA (AFP): The Philippines is still waiting for an official Indonesian report on the mysterious death of a Filipino geologist who discovered the Busang gold mine, President Fidel Ramos said yesterday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 16, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 53,000 Alumindo Light Metal 1,000 -25 233,500...

NISP's Rp 35 dividend

NISP's Rp 35 dividend JAKARTA (JP): Bank NISP shareholders have approved a Rp 35 dividend.The total dividend payment accounts for 31.7 percent of last year's net profit."The dividend, in terms of rupiah, seems to be very small.

Rights body urges people to vote

Rights body urges people to vote JAKARTA: The National Commission on Human Rights urged people yesterday to participate in May's general election, but has conceded that voting is voluntary.The secretary general of the commission, Baharuddin Lopa, said that voting benefited the development of...

Surjadi dismisses threat by Kemang building owners

Surjadi dismisses threat by Kemang building owners JAKARTA (JP): Governor Surjadi Soedirdja told the owners of shops and businesses in Kemang, South Jakarta, to go ahead and sue the city.He was responding yesterday to a threat made by the owner of a beauty parlor in Kemang on Tuesday, to sue the...

Governor proposed for ministerial post

Governor proposed for ministerial post JAKARTA (JP): The dominant Golkar's city chapter said Governor Surjadi Soedirdja should be nominated for a ministerial post after his five-year term ends.The chapter's chairman, Tadjus Sobirin, said the proposal was made because the governor had made a success...

Citra produces aromatic

Citra produces aromatic JAKARTA (JP): PT Citra Pacific Aromatic Indonesia, a subsidiary of the Medco group, would set up an aromatic plant in Cilegon, West Java, the company said yesterday.The development of the plant had been approved by the Investment Coordinating Board, Medco group's president...

U.S. company appoints RCA distributor

U.S. company appoints RCA distributor JAKARTA (JP): General Electric of the United States, yesterday, appointed PT Mahameru Antarnusa Niaga of the Artha Graha Group, as the distributor of RCA electronic appliances in Indonesia.

Yayuk top seedings for Danamon Open

Yayuk top seedings for Danamon Open JAKARTA (JP): Five top Asian tennis players will be among the 100 women at the Danamon Indonesia Open tennis tournament next week at Senayan.Yayuk Basuki of Indonesia, world ranked 26, is the top seed for the US$107,500 tournament from April 21 to April 27.

S'pore narrows forecast

S'pore narrows forecast SINGAPORE (AFP): Singapore's deputy premier Lee Hsien Loong said the island state, hit by an electronics slowdown, should post economic growth at six to seven percent this year, narrowing an earlier government forecast.

PPP protests ruling on ID stickers for campaigs

PPP protests ruling on ID stickers for campaigs JAKARTA (JP): An executive of the United Development Party's (PPP) city chapter has protested the rule to issue stickers restricting the movement of party members' cars in Greater Jakarta.

BNI expects 20 percent profit growth this year

BNI expects 20 percent profit growth this year JAKARTA (JP): Publicly listed Bank Negara Indonesia (BNI) expects 20 percent net profit growth this year, its president, Widigdo Sukarman, said yesterday.Widigdo said the growth target was in line with Indonesia's tight monetary situation.

Rheem gets ISO 9002

Rheem gets ISO 9002 JAKARTA (JP): PT Rheem Indonesia, a steel drum and water heater manufacturer, has received International Standards Organization (ISO) 9002 certification from Sucofindo International.The certification was received by Jakarta governor Surjadi Soedirdja at the city hall yesterday.

Artist recounts development of cultural scene

Artist recounts development of cultural sceneText and photo by Sirikit Syah SURABAYA, East Java (JP): Surabaya-based artist Amang Rachman sees the future of art in Indonesia with optimism. "The cultural life in this New Order era is much better than before but it still needs improvement," he said...

Mystery prevails over who will test Busang samples

Mystery prevails over who will test Busang samples SYDNEY (Reuter): Eleven tons of Indonesian ore seemed to vanish into thin air yesterday as Australian laboratories refused to say who would decide if the Busang gold deposit still rated as the world's largest.

No paper

No paperIn observance of Idul Adha, The Jakarta Post will not be published tomorrow. The Post will appear again on Saturday. -- Publisher

Local shoe makers urged to shift business strategy

Local shoe makers urged to shift business strategy JAKARTA (JP): The minister of industry and trade, Tunky Ariwibowo urged footwear producers yesterday to shift their business strategies so they could compete better internationally.

Gold mining to suffer if Busang find fails

Gold mining to suffer if Busang find fails ZURICH (Reuter): The gold mining and mining equities businesses could suffer if the "find of the century" gold discovery at Busang, Indonesia turns out to be below expectations, executives said on Tuesday.

Government will not tolerate more PDI rallies

Government will not tolerate more PDI rallies JAKARTA (JP): The authorities said yesterday they could tolerate a massive demonstration by Megawati Soekarnoputri loyalists Tuesday but promised "harsh action" if they staged another.

Transmigrants must have right to vote freely: PPP

Transmigrants must have right to vote freely: PPP JAKARTA (JP): The United Development Party (PPP) faction has claimed that resettlers in 3,600 transmigration sites across Indonesia have been pressured to vote for Golkar party.

24 PPP activists injured in Central Java violence

24 PPP activists injured in Central Java violence SEMARANG (JP): Twenty-four United Development Party (PPP) activists were injured in the recent unrest in Central Java, a local party official said yesterday.