Indonesian Political, Business & Finance News

Archive: 19 April 1997

59 articles found

Japan to ask for WTO help on RI car policy

Japan to ask for WTO help on RI car policy GENEVA (AFP): Japan will ask the World Trade Organization this month to form a panel to examine a dispute over Indonesia's controversial national car policy, a diplomatic source said here Thursday.

South Sulawesi's firm sells cocoa to Brazil

South Sulawesi's firm sells cocoa to Brazil UJUNG PANDANG, South Sulawesi (JP): South Sulawesi provincial government firm CV Multi Jasa has exported 4,000 tons of cocoa beans worth US$4.6 million to Brazil.

Government denies plan on nuclear power plant

Government denies plan on nuclear power plant KARAWANG, West Java (JP): State Minister of Research and Technology B.J. Habibie reiterated Thursday that the government had no intention of building a nuclear power plant this year.Habibie said that nuclear would remain the country's last energy resort.

PAS to remain opposition party

PAS to remain opposition party KUALA LUMPUR (Reuter): The fundamentalist Moslem party controlling Malaysia's only opposition-run state said yesterday it could not work together politically with the dominant UMNO party since the groups had different goals.

Declaration of ASEAN-China ties studied

Declaration of ASEAN-China ties studied HUANGSHAN, China (AFP): Top officials from Southeast Asian countries have agreed to consider a Chinese proposal to draft and sign a political declaration cementing their relations with the Communist giant.

I'm healthy, Soeharto says

I'm healthy, Soeharto says JAKARTA (JP): "I'm in good health," seventy-five year old President Soeharto pronounced on Thursday, Antara reported.His remarks, made during a meeting with about 23,000 villagers from Cilacap in Central Java, seemed to be aimed at dismissing rumors that his health was...

Oracle, NEC tie up

Oracle, NEC tie up JAKARTA (JP): Oracle Asia-Pacific, a division of the world's leading information management software vendor, and NEC Corp. announced Thursday a partnership for the Asia-Pacific region.

Hundreds of job seekers cheated

Hundreds of job seekers cheated JAKARTA (JP): Two hundred and eighty-eight people went to the Ministry of Transmigration on Thursday to start work only to find that their letters of appointment had been forged, Antara reported.

Duta Anggada Realty to split its shares

Duta Anggada Realty to split its shares JAKARTA (JP): Shareholders of the publicly listed PT Duta Anggada Realty have approved the company's proposal to split the company's shares by reducing the stock's nominal value to Rp 500 from Rp 1,000.

Govt approves local switching exchanges

Govt approves local switching exchanges SENTUL, West Java (JP): The government has approved a telephone switching exchange produced by PT Elektrindo Nusantara, making it the fourth "official" product in Indonesia.

Where to go in Bali:

Where to go in Bali:Music and Entertainment * Grand Hyatt Bali, Nusa Dua: Poolside - Pasar Senggol, daily, 6.30 p.m. Kecak Dance, Friday and Tuesday, Legong Dance, Saturday and Wednesday, 7 p.m. Arjuna Wiwaha Dance, Sunday, 7 p.m.

RI fighter Suwito defends WBF title

RI fighter Suwito defends WBF title JAKARTA (JP): Suwito Lagola of Indonesia defended his World Boxing Federation welterweight title by outpointing Leroy Owens of the United States with a unanimous decision.The three ring judges from the U.S.

PT Polyfin secures DM134 million loan

PT Polyfin secures DM134 million loan JAKARTA (JP): Polyester chip and yarn maker PT Polyfin Canggih, a sister company of integrated textile maker PT Artostex, has secured a DM 134 million (US$77.9 million) loan to finance its expansion program.

Mamberamo project

Mamberamo project Irian Jaya has an undeniably high potential for hydroelectric power. It has 51 rivers with an estimated capacity of 22,121 megawatts or an energy of 135,036.8 kilowatt-hours. None of that potential has been utilized so far.

Indostar ready for launch

Indostar ready for launch SENTUL, West Java (JP): The European aerospace consortium Arianespace will launch the Indostar-1 satellite, a direct broadcast television spacecraft owned by PT Media Citra Indostar on July 15.

Texmaco set to make PTA in Karawang

Texmaco set to make PTA in Karawang KARAWANG, West Java (JP): Texmaco Group's publicly listed PT Polysindo Eka Perkasa will start making purified terephthalic acid (PTA) by the end of April at its plant in Karawang, West Java.Texmaco's president M.

Study says NTT has 398 bird species

Study says NTT has 398 bird species KUPANG, East Nusa Tenggara (NTT): The province of NTT has 35 native bird species and 363 other bird species, Deputy Governor Piter Alexander Tallo said yesterday.Tallo was quoting the results of a recent survey by the Bird Life International Indonesia Program in...

Indonesian diplomacy suffers a setback: Rights official

Indonesian diplomacy suffers a setback: Rights official JAKARTA (JP): The United Nations' resolution criticizing Indonesia's human rights performance in East Timor has dented Jakarta's diplomatic efforts to resolve the East Timor question, an official of the National Commission on Human Rights said.

Dayak tribesman wins environmental award

Dayak tribesman wins environmental award JAKARTA (JP): Before April 14th, few people had heard of Dayak tribesman Lois Botor Dingit of Bentian, East Kalimantan -- let alone associated his name with the concept of sustainable development.

Firm to manage reclamation project set up

Firm to manage reclamation project set up JAKARTA (JP): The City Council set up Thursday a joint-venture company to carry out the reclamation project in the North Jakarta coastal area.The company PT Pembangunan Pantai Utara Jakarta would work under the auspice of the North Jakarta Reclamation...

Unibank to sell 70m new shares

Unibank to sell 70m new shares JAKARTA (JP): Unibank, a banking arm of the Garuda Mas business group, plans to offer 70 million new shares to strengthen its capital structure.The bank's president Odang Kariana said Thursday that the shares to be offered to the public would account for 34.

TV today

TV todayTVRI 2:30 a.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Animated Classic 3:10 Teenagers' Program: Vokal Group SLTA 3:25 Soccer: Kansas League (live) 4:15 Regional News 4:30 Soccer: Kansas League (live) 5:55 Music 6:00 News: Lintasan Berita 6:05 Nusantara, The...

Twelve die in diarrhea outbreak

Twelve die in diarrhea outbreak SEMARANG: Twelve people have died and 412 others have been hospitalized in an outbreak of diarrhea in Kebumen regency from early February to April.Dr. Margo Utomo from the Central Java provincial health office said the outbreak could be considered a disaster, given...

Orangutans lure tourists to Bohorok

Orangutans lure tourists to BohorokBy Sugianto Tandra BUKIT LAWANG, South Aceh (JP): A group of orangutans race silently down from the treetops when they spot their caretakers approaching the feeding platform, loaded with bags of bananas.

Relocation site needed for Kemang businesses

Relocation site needed for Kemang businesses JAKARTA (JP): Minister of Tourism, Post and Telecommunications Joop Ave wants the city administration to provide new sites for Kemang businesses which have been forcibly closed.

Astra management institute receives ISO certification

Astra management institute receives ISO certification JAKARTA (JP): PT Astra International's Management Development Institute has received two 9001 ISO certificates for quality management design.Astra's director Gagianto Kumala said the Association Francaise pour l'Assurance Qualite International...

Food poisoning disturbs schooling

Food poisoning disturbs schooling BANDAR LAMPUNG, Lampung: The Sabuk Indah II primary school has kept its doors open despite the food poisoning incident that killed two students last week.But the incident clearly disturbed class, Antara quoted Sri Wardhani of the local office of the Ministry of...

31 shuttlers named for Sudirman Cup

31 shuttlers named for Sudirman Cup JAKARTA (JP): The Badminton Association of Indonesia named 31 players Thursday to represent the country at next month's Sudirman Cup and world championships.Association official Hadi Nasri said the names were the same as those listed by the International...

Timor and Maleo to jointly develop local suppliers

Timor and Maleo to jointly develop local suppliers KARAWANG, West Java, (JP): State Minister of Research and Technology B.J. Habibie said yesterday PT Timor Putra Nasional and PT Maleo, respectively the producers of national cars Timor and Maleo, will cooperate in developing spare parts vendors.

Bank Dharmala gets loan

Bank Dharmala gets loan JAKARTA (JP): Bank Dharmala has signed a US$20 million term loan consisting of a series of offshore bilateral.A statement Thursday said the facility was arranged by Deutsche Morgan Grenfell Ltd.

Rhinos seen in Kalimantan park

Rhinos seen in Kalimantan park SAMARINDA, East Kalimantan: Locals claim to have seen several two-horned rhinoceroses roaming the Kayan Mentarang National Park near the border of East Kalimantan and Malaysia's Sarawak state earlier this week.

Taleban enjoin faithful to celebrate Idul Adha

Taleban enjoin faithful to celebrate Idul Adha KABUL (AP): Helicopter gun ships flew in formation over the war-ravaged capital yesterday as the Moslem faithful gathered for prayer to celebrate the Islamic holy day of Idul Adha.

Vita Daya's power plant

Vita Daya's power plant SEMARANG (JP): PT Vita Daya Harapan plans to build a power plant, with an 100-megawatt (MW) capacity, in Bawen, near Semarang, Central Java.The company, equally owned by PT Van Der Horst Indonesia (VDHI), PT Asia East Power and PT APAC, will spend about US$100 million on the...

BI pursues electronic clearing, joint ATMs

BI pursues electronic clearing, joint ATMs JAKARTA (JP): Bank Indonesia, the central bank, will introduce an electronic clearing system later this year and a single joint Automated Teller Machine (ATM) system next year to improve payment system efficiency.

U.S. banks subpoenaed

U.S. banks subpoenaed WASHINGTON (Reuter): The Senate committee investigating possible wrongdoing in fundraising for President Clinton's re- election campaign said Wednesday it had issued 14 subpoenas for contributors' bank records.The subpoenas went to 14 banks including the Lippo Bank.

I will be vindibated: Bre-X chief

I will be vindibated: Bre-X chief ARLINGTON, Virginia (AP): David Walsh, chairman of Bre-X Minerals Ltd., told USA Today he is not a swindler or foolhardy gold prospector despite the crash of his company's stock after questions were raised about its Indonesian gold holdings.

Chinese firms eye Central Sulawesi

Chinese firms eye Central Sulawesi JAKARTA (JP): A consortium of Chinese and Hong Kong companies has been exploring possibilities of investing in granite mining in Central Sulawesi, a provincial official said.

Where to go in Surabaya:

Where to go in Surabaya:Music and Entertainment * Elmi Hotel: Jl. Panglima Sudirman No. 42-44: - Qemi Club: Karaoke/Disco, Sunday, 8 p.m. to 11 p.m., Master Band, Monday and Wednesday, 10:30 p.m. to 12:30 a.m., Atlantic Band, Tuesday and Saturday, 10:30 p.m. to 12:30 a.m.

Probe into Sofjan's case continues

Probe into Sofjan's case continues JAKARTA (JP): The probe into the fatal shooting of the North Jakarta police officer Sofjan Sani continues, with two officers, believed to be the shooters, still being intensively questioned.City Police Chief Maj. Gen.

Dynaplast's dividend set at Rp 50 a share

Dynaplast's dividend set at Rp 50 a share JAKARTA (JP): The annual shareholders' meeting of the publicly listed Dynaplast yesterday approved a proposal to pay a dividend of Rp 50 (around 2 U.S. cents) per share for 1996.

Protestants urge fear-free election

Protestants urge fear-free election JAKARTA (JP): The Protestant community has been told to vote in the upcoming general election without succumbing to pressure, fear or lures from others.The Indonesian Communion of Churches (PGI) said in their recently published white book, obtained by The Jakarta...

Zarina's Ecstasy counted

Zarina's Ecstasy counted JAKARTA (JP): For two hours and ten minutes the three judges, the prosecutor, her assistant and court clerks counted 29,677 Ecstasy pills Thursday at the West Jakarta Court.The wanted to assure the public that all the pills seized from the defendant, Zarina Mirafsur, were...

Identity tests begun on Filipino geologist

Identity tests begun on Filipino geologist MANILA, Philippines (AP): Experts began tests yesterday to determine whether a body identified as that of Filipino geologist who jumped out of a helicopter after discovering a disputed gold deposit in Indonesia was actually his.

Indonesia's history of finance

Indonesia's history of financeBy David C. Cole and Betty F. Slade Following is the last of two articles dealing with Indonesia's success in building a modern financial system. The first appeared yesterday under the heading Indonesia's modern financial system. CAMBRIDGE, Massachusetts, U.S.

UK mission due here

UK mission due here JAKARTA (JP): Representatives of the London Chambers of Commerce and Industry trade mission will visit Indonesia from April 21 to April 25 to explore opportunities of working with Indonesian businesses in a wide range of products and services.

Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Horison, Jl. Pantai Indah, Taman Impian Jaya Ancol, North Jakarta: - The Anging Mamiri Garden: Fantastic Group from Philippines, Ever Green Hawaian Band/Orkes Keroncong, Hula-hula Dances, every Saturday Night, 7 p.m. to 10:30 p.m.

Red Cross seeks direct aid supply to North Korea

Red Cross seeks direct aid supply to North Korea SEOUL (Agencies): Red Cross officials in South Korea yesterday sought talks to speed up food aid to North Korea as diplomats from the United States and the two Koreas prepared to meet again over landmark peace talks.

Police arrest Singaporean

Police arrest Singaporean JAKARTA (JP): Police have arrested a Singaporean man for allegedly possessing more than 2,000 Ecstasy pills at a hotel in West Jakarta.City Police Spokesman Lt. Col. E. Aritonang said, yesterday, that Lo Gin Ang, 38, was arrested on Wednesday afternoon in the lobby of the...

Amnesty slams UN human rights forum

Amnesty slams UN human rights forum GENEVA (Reuter): The main United Nations human rights forum approached the end of its annual session yesterday having let China off the hook again, but determined to step up investigations in Africa, particularly Nigeria and Zaire.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 17, 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 1,025 25 288,500 Alumindo...

Megawati supporters sue Soerjadi over takeover

Megawati supporters sue Soerjadi over takeover JAKARTA (JP): Megawati Soekarnoputri supporters are suing the Indonesian Democratic Party's (PDI) government-recognized top executives for ordering the violent takeover of the party's headquarters last year.

Comfort women threaten suit against minister

Comfort women threaten suit against minister JAKARTA (JP): Almost 250 Yogyakarta World War II comfort women have threatened to sue Minister of Social Services Inten Suweno for accepting Rp 9 billion (US$3.7 million) of compensation from Japan, their lawyer said yesterday.

Dutch Rabobank to boost financing in Indonesia

Dutch Rabobank to boost financing in Indonesia SINGAPORE (Reuter): Dutch cooperative Rabobank plans to expand its syndicated loan business in Indonesia in other Southeast Asia's countries to top the US$500 million it posted in 1996, a senior official said on Thursday.

Lippo Bank California gets US$6m infusion

Lippo Bank California gets US$6m infusion LOS ANGELES (Reuter): Lippo Bank California said on Thursday that it has received an infusion of US$6 million in new capital and the bank established a cost cutting plan to restore it to profitability.

Idul Adha observed on different days

Idul Adha observed on different days JAKARTA (JP): Indonesian Moslems celebrated Idul Adha, Sacrifice Day, on two different days due to different calendar calculations, a fact which did not dampen nationwide festivities.

Nuansa Klasika group improves its performance

Nuansa Klasika group improves its performanceBy Gus Kairupan JAKARTA (JP): Viola, clarinet, oboe and piano is a combination that has never occurred to any composer before the year 1996. That year saw the birth of the group called Nuansa Klasika (Classical Nuances) in Jakarta, the members of which...

Telkom extends payment deadline

Telkom extends payment deadline JAKARTA (JP): People in Greater Jakarta can pay their most recent monthly telephone bills by Tuesday without penalty because PT Telkom has delayed its payment deadline by two days.The payment deadline usually falls on the 20th of each month.

Stop illegal levies

Stop illegal levies JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo instructed officials of his ministry and executives of state- owned forestry firms Thursday to stop collecting illegal levies as soon as possible.

Soeharto defends big business in cement projects

Soeharto defends big business in cement projects JAKARTA (JP): President Soeharto denied yesterday that he was bias in licensing cement plants and other capital-intensive factories.Speaking in Central Java's southern coastal town of Cilacap, Soeharto said the government was often criticized for...