Indonesian Political, Business & Finance News

Archive: 23 April 1997

59 articles found

Not on blacklist

Not on blacklist I am writing with reference to a blacklist of companies recently published by the Director General of Customs and Duties in which PT Seroja qq PT Akzo Nobel Car is mentioned.I would like you to inform your readers that neither our company PT Akzo Nobel Car Refinishes Indonesia nor...

Shoe factory workers stage demonstration

Shoe factory workers stage demonstration TANGERANG (JP): At least 10,000 shoe factory workers demonstrated yesterday, demanding their employers pay them the minimum wage.The workers from PT Hardaya Aneka Shoes Industri marched from the factory on Jl.

Fish canning in Fak-fak

Fish canning in Fak-fak JAKARTA (JP): Private fishing company PT Samudra Citra Abadi will build a fish cannery in Fak-fak, Irian Jaya.Fak-fak's district administration head, Suparlan Pasambuna, said yesterday the company had already cleared at least 100 hectares for the cannery.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 22, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 6,000 Alumindo Light Metal 1,025 0 37,000 Alumindo...

The Imperial Country Club

The Imperial Country Club I have always thought that being a member of a prestigious country club has its privileges of being treated special. However, it is not the case with a country club at Lippo Karawaci. I first bought a membership for my family about a year ago.

S'pore launches new futures oil contract

S'pore launches new futures oil contract SINGAPORE (AFP): The Singapore International Monetary Exchange Ltd. (SIMEX) yesterday launched a new version of Asia's only fuel oil futures contract to provide traders with a better hedge against price volatility.

Spotlight

SpotlightPhoto A: MagazineJP/afsREVITALIZED MAGAZINE: State Minister for Public Housing Akbar Tandjung (center) signs a plaque at a ceremony for the launching of the revitalized weekly Panji Masyarakat in Jakarta.

RI lifts anthrax ban on NSW meat

RI lifts anthrax ban on NSW meat SYDNEY (Reuter): Indonesia had lifted its anthrax-related ban on imports of animals and animal products from the Australian state of New South Wales (NSW), state Agriculture Minister Richard Amery said yesterday.

Borderless ASEAN to boost cargo trade

Borderless ASEAN to boost cargo trade SINGAPORE (Reuter): A borderless system for customs control in the seven member states of the Association of Southeast Asian Nations (ASEAN) would be a major boost for cargo shippers, an industry executive said yesterday.

Earthquake jolts Bengkulu

Earthquake jolts Bengkulu JAKARTA: A quake measuring 5.5 on the Richter scale rocked Bengkulu province yesterday but there were no immediate reports of damage or casualties, an official said.The quake jolted Bengkulu at 12:55 p.m.

Indovision and tuner

Indovision and tuner I recently moved from Jakarta to Bali. Prior to living in Bali, I lived in Kelapa Gading and subscribed to Indovision. Since the TV in my house was manufactured in Indonesia, it did not have a full tuner.

Aberson's lawyers threaten to leave the courtroom

Aberson's lawyers threaten to leave the courtroom JAKARTA (JP): Lawyers of a legislator facing trial for allegedly defaming President Soeharto said yesterday they would leave the courtroom if videotapes were presented as evidence.Luhut M.P.

Mahathir, Malay ruler at odds over Selangor

Mahathir, Malay ruler at odds over Selangor KUALA LUMPUR (AFP): A constitutional crisis loomed in Malaysia as Prime Minister Mahathir Mohamad and a Malay ruler deadlocked over a successor to the chief minister of wealthy Selangor state, news reports said yesterday.

Container port for Surabaya

Container port for Surabaya JAKARTA (JP): State-owned PT Pelabuhan Indonesia III and the privately-owned PT Citra Samudra Terminal Petikemas will build a container terminal at Surabaya's Tanjung Perak port in East Java.The new container terminal will cost Rp 241.22 billion.

Liza to meet Wang at Danamon Open

Liza to meet Wang at Danamon Open JAKARTA (JP): Liza Andriyani of Indonesia will challenge top seed Wang Shi-Ting of Chinese Taipei on Thursday in the second round of the 1997 Danamon Women's Open.Liza, who has a wild card entry, beat qualifier Jane Taylor of Australia 6-4, 7-5 in the US$107,500...

100 receive free ID cards

100 receive free ID cards JAKARTA (JP): One hundred East Jakartans were given free ID cards yesterday from the mayoralty's Information Ministry's branch of Dharma Wanita.The Golkar-affiliated organization also gave out 200 free birth certificates and 100 free medical treatments at local community...

Great River's profit up

Great River's profit up JAKARTA (JP): Garment maker PT Great River International's net profit rose 93 percent to Rp 25.7 billion (US$10.8 million) last year.Great River's corporate secretary, Soesanto Sahardjo, said yesterday that sales rose 36 percent to Rp 268.9 billion.

UN and Philippines to help Moslem rebels

UN and Philippines to help Moslem rebels Manila (DPA): The United Nations, the Philippine government and the Southern Philippines Council for Peace and Development (SPCPD) announced yesterday a program aimed at providing financial assistance and training for members of a former Moslem rebel group.

S'pore's chemical industry secures a double boost

S'pore's chemical industry secures a double boost SINGAPORE (AFP): Singapore's ambition of becoming a regional chemical hub secured a double boost yesterday with the start-up of its second petrochemical plant and the launch of work on a major Japanese project.The Petrochemical Corp.

Downer to visit RI on economic mission

Downer to visit RI on economic mission CANBERRA (Reuter): Australian Foreign Minister Alexander Downer will fly to Indonesia today to discuss economic development with key ministers and commemorate Australia's annual war memorial day.

TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Family's Film: Fun House 3:10 Children's Program: Anak-Anak Indonesia 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Topacio 5:55 Music 6:00 News: Lintasan Berita 6:05...

Haj pilgrims due to arrive home today

Haj pilgrims due to arrive home today JAKARTA (JP): The first batch of the nearly 200,000 Indonesians who went on the haj pilgrimage to Saudi Arabia are due to arrive at six different airports today.Minister of Religious Affairs Tarmizi Taher made a last minute inspection yesterday at the Pondok...

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.

50,000 villages to get midwives

50,000 villages to get midwives JAKARTA: The government will send more than 50,000 midwives to villages across the country this year to reduce maternal and infant mortality rates.The Ministry of Health's secretary-general, Hidayat Hardjoprawito, told a meeting of reporters and Swedish Ambassador...

Unocal chief defends investment in Myanmar

Unocal chief defends investment in Myanmar BANGKOK (AFP): Unocal chairman Roger Beach yesterday defended the U.S. oil giant's investment in Myanmar, saying such projects benefited the country's people as well as company shareholders.Asked his reaction to U.S.

Art lovers mourn the death of art critic Kusnadi

Art lovers mourn the death of art critic Kusnadi JAKARTA (JP): Indonesian art lovers are mourning the death of Kusnadi, a senior art critic, teacher, painter and photographer, who died at the age of 76 Monday.Kusnadi died at his home in South Jakarta from several illnesses, including typhoid.

PT Marein forecasts 20 percent profit rise

PT Marein forecasts 20 percent profit rise JAKARTA (JP): Publicly listed reinsurance firm PT Maskapai Reasuransi Indonesia (Marein) expects a 20 percent growth in net profit to more than Rp 3 billion (US$1.23 million) this year from Rp 2.54 billion last year.Last year's net profit was up 23.

Belgian Bekaert defends investment in Indonesia

Belgian Bekaert defends investment in Indonesia BRUSSELS (Reuter): Belgian steel wire and cord maker Bekaert NV denied on Monday a charge it was trading jobs in Europe against those in Indonesia."We are investing in Indonesia not for low labor costs but because the local market for steel cord is...

66 firms insure two satellites for $460 million

66 firms insure two satellites for $460 million JAKARTA (JP): A consortium of 66 domestic insurance firms will insure the Palapa-C1 and the Palapa-C2 satellites, which are operated by PT Satelindo, for US$460 million.

Expert hails officials' biographies

Expert hails officials' biographies JAKARTA (JP): Government officials promoting their memoirs reflect the desire to establish a favorable image of themselves in the political landscape and the public eye, an Australian professor said yesterday.

Dutch energy firms want Indonesia partners

Dutch energy firms want Indonesia partners JAKARTA (JP): Forty-five Dutch energy companies are looking for partners to develop power stations in Indonesia using clean coal technology."About 40 percent of electricity in the Netherlands is coal based.

Soeharto outlines poverty alleviation plan

Soeharto outlines poverty alleviation plan JAKARTA (JP): President Soeharto outlined yesterday a detailed course of action the country should pursue to combat poverty, calling for partnership between big and small enterprises and cooperatives.

State-owned bus company PPD operates 40 gas-fueled buses

State-owned bus company PPD operates 40 gas-fueled buses JAKARTA (JP): State-owned bus company Perum PPD began operating 40 gas-fueled buses in the city yesterday.Minister of Transportation Haryanto Dhanutirto said they were the first of 700 gas-fueled buses to replace diesel buses to reduce...

Foreign investors more critical of Asia: Survey

Foreign investors more critical of Asia: Survey SINGAPORE (AFP): Expatriate business executives in Asia have become more critical of the region in the past year, with Vietnam seen as the riskiest place and South Korea suffering the worst decline in image, according to a survey.

Too heavy burden for the public

Too heavy burden for the publicFrom Surabaya PostI am a simple person who does not know much about the "theories" of the rich and poor. I regret the attitude of an East Java official who grew extremely upset when he learned about the region's efforts to suppress the poverty line (April 7).

Soldier sentenced to death for shooting rampage

Soldier sentenced to death for shooting rampage JAKARTA (JP): An officer of the Army's Special Forces (Kopassus) was sentenced to death in the Irian Jaya capital of Jayapura yesterday for killing 16 people in a shooting spree at the Timika airport last year.

Seksun in RI joint venture

Seksun in RI joint venture SINGAPORE (Reuter): Seksun Precision Engineering Ltd said yesterday it had entered an agreement with PT Cikarang Makmur (PCM) and Shigeru Fukushima to set up a joint venture company.

PRD activists get six and four year sentence

PRD activists get six and four year sentence SURABAYA (JP): A district court here sentenced youth activists Dita Indahsari and Coen Husein Pontoh yesterday to six and four years of imprisonment respectively for subversion.The panel of judges, presided over by Amrin D.

Gray area in business, power

Gray area in business, powerBy Makmur Keliat SURABAYA (JP): There are two depressing facts that most Indonesians are acquainted with. The first one relates to the psychological anxiety of people living in urban areas, particularly those in big cities, such as Jakarta and Surabaya, and whose...

Liquid carrier project

Liquid carrier project JAKARTA (JP): Salim Group, RGM International and Gearbulk Ltd will set up a joint venture company to operate carriers of liquid products like crude palm oil and refined palm oil.Salim Group's chief executive officer, Anthony Salim, said yesterday that he, RGM's chief...

Capt. Ade gets four months

Capt. Ade gets four months JAKARTA (JP): A military tribunal sentenced yesterday a police captain to four months and twenty days jail for violating police rules when escorting Zarina, an alleged Ecstasy pill trafficker, last year. He was not sacked.Capt.

Sewu opens more branches

Sewu opens more branches JAKARTA (JP): Bank Sewu will increase its number of branches to 19 this year.Sewu's president, Lanny Angkosubroto, launched yesterday a package of consumer loans for housing, cars, motorcycles and hand phones.

Skilled divers required to monitor coral reefs

Skilled divers required to monitor coral reefs JAKARTA (JP): The World Wide Fund for Nature (WWF) and the Indonesian government plan to recruit certified divers to monitor the condition of coral reefs nationwide.

Political parties to start battle of programs on Sunday

Political parties to start battle of programs on SundayBy Dwi Atmanta JAKARTA (JP): Massive gatherings of thousands of yelling, drum-beating and horn-whistling political supporters look set to become the main characteristic of the 27-day nationwide election campaign which starts Sunday.

Legislators caution city administration on coastal projects

Legislators caution city administration on coastal projects JAKARTA (JP): Ongoing projects in North Jakarta should be adjusted to meet the recommendations of the currently underway regional environment impact study, or stopped temporarily if they are incompatible with it, legislators said.

Northwest, Garuda tie up

Northwest, Garuda tie up MINNEAPOLIS (Reuter): Northwest Airlines Inc and Garuda Indonesia said Monday they signed a commercial cooperation agreement to offer enhanced benefits for travel between the United States and Indonesia.It is the first such alliance between a U.S. and an Indonesian carrier.

Pencak silat team leaves for world championship

Pencak silat team leaves for world championship JAKARTA (JP): About 30 local pencak silat athletes left for Kuala Lumpur Monday to compete in the World Cup which begins today.Their coach Puji Hartono said Monday the team would treat the World Cup as a warmup for the SEA Games here in October.

RI's policy on Israel proven correct: Alatas says

RI's policy on Israel proven correct: Alatas says JAKARTA (JP): Indonesia has made the right decision to withhold establishing diplomatic ties with Israel now that the peace talks have stalled, Minister of Foreign Affairs Ali Alatas said yesterday.

RI to finish car program by '99

RI to finish car program by '99 JAKARTA (JP): The minister of industry and trade, Tunky Ariwibowo, said yesterday he was optimistic Indonesia's national car program would be completed by the time the World Trade Organization (WTO) ruled on Japan's complaint in 1999.

Former White House aide offers testimony on Lippo

Former White House aide offers testimony on Lippo WASHINGTON (Reuter): Former White House aide Mark Middleton has offered to cooperate with investigators probing the money trail into the United States from Indonesia's Lippo Group, the Washington Post reported yesterday.

RI's coconut exports up

RI's coconut exports up SINGAPORE (Reuter): Indonesia's coconut exports and earnings from January to November 1996 rose sharply after a weak performance in 1995, an official said.Sudjatmiko, the executive secretary of the Indonesian Animal Feed Producers and Exporters Association, said in a...

Urbanization creates new problems for Jakarta

Urbanization creates new problems for Jakarta JAKARTA (JP): The government-sponsored family planning program has helped develop the city's economy and reduce population growth, but the influx of migrants from rural areas has created new problems, the governor said.

SSE expects five more firms to list this year

SSE expects five more firms to list this year JAKARTA (JP): The Surabaya Stock Exchange (SSE) expects five more companies to list this year.The exchange's president, Isakayoga, said yesterday the five companies would list exclusively on the Surabaya bourse.

Proposed fares for three-tiered system queried

Proposed fares for three-tiered system queried JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) is opposed to the proposed fares and toll for the railway and tollway announced by the company which will construct a three- level transit system from Bintaro, South Jakarta, to Kota downtown.

Who is E. Timor's next governor?

Who is E. Timor's next governor? DILI: Debate is raging over who should lead East Timor when Governor Abilio Jose Osorio Soares's term of office ends on Sept. 18.The provincial legislative council, which has the right to propose gubernatorial candidates to the President, has proposed four names.

Kemang area development still acceptable: Legislator

Kemang area development still acceptable: Legislator JAKARTA (JP): A legislator wants to know why the city is returning the Kemang commercial sites in South Jakarta to residential ones, saying favorable developments should be considered.M.

Oil, gas firms turn to int'l capital markets

Oil, gas firms turn to int'l capital markets LONDON (Reuter): Oil and gas companies will increasingly turn to international capital markets for the huge sums needed to fund mammoth energy projects in the world's emerging economies, industry financiers say.

PDI activists cross to Golkar

PDI activists cross to Golkar UJUNGPANDANG, South Sulawesi: About 100 Indonesian Democratic Party (PDI) activists loyal to the government-backed Soerjadi shifted allegiance to the dominant Golkar party yesterday.

Motor vehicles contribute 76% to Astra's sales

Motor vehicles contribute 76% to Astra's sales JAKARTA (JP): PT Astra International's motor vehicle division contributed 76 percent of the group's total sales of Rp 12.61 trillion (around US$5.25 billion) last year.Astra's total sales dropped slightly from Rp 12.