Indonesian Political, Business & Finance News

Archive: 26 April 1997

60 articles found

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 25, 1997: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 78,000 Alumindo Light Metal 1,125 100 4,037,000...

Workers strike at Nike plant

Workers strike at Nike plant On Tuesday this week the town of Tangerang was totally paralyzed by a strike by some 10,000 workers at the Nike shoe factory. Worker strikes have occurred with great frequency during the past few years. In light of this reality, several facts should gain our attention.

Analyst predicts election boycotters to reach 20 million

Analyst predicts election boycotters to reach 20 million JAKARTA (JP): A political analyst predicted yesterday that up to 20 million people would boycott the upcoming general election, despite the government's persistent call on the public to vote.

Freeport still says little gold at Busang

Freeport still says little gold at Busang TORONTO (Reuter): Several days before a key report on the Busang gold controversy, a major partner confirmed on Thursday it had still not found significant gold at the site deep in the jungles of Indonesia.

Indonesia to export Blazer to South Africa this year

Indonesia to export Blazer to South Africa this yearBy Matthew Allen INDONESIA's automotive export income will get a significant boost when Opel begins Blazer exports to South Africa later this year.PT General Motors Buana Indonesia (GMBI), the local assembler and distributor of Opel vehicles,...

Premature statements

Premature statements The Indonesian people are now facing a very important event: the general election. This will affect the life of the entire nation.We are all obliged to ensure that this democratic event will take place peacefully through law and order.

Ssangyong opens the box

Ssangyong opens the box JAKARTA: Indomobil is set to launch the Ssangyong Musso -- first shown at last year's Jakarta Auto Expo -- under the name Ssangyong Boxer.The South Korean four-wheel drive will compete against the likes of Mitsubishi Pajero and Toyota LandCruiser when it goes on sale about...

PDI joins cyberspace

PDI joins cyberspace JAKARTA (JP): The government-recognized Indonesian Democratic Party (PDI) yesterday became the last political group to open a web site prior to the start of the election campaign tomorrow.

TV today

TV todayTVRI 2:30 a.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Animated Classic 3:25 Soccer: Kansas League 4:15 Regional News 4:30 Soccer: Kansas League 5:30 Music: Jenjang Vokal 5:55 Music 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country 6:15 Village...

Don't ignore election impact, says analyst

Don't ignore election impact, says analystBy Angela Romano BRISBANE, Australia (JP): The forthcoming election will still influence the political processes in Indonesia, even though it will have little impact on the leadership structure, a senior Indonesian political analyst said Thursday.

552 personnel secure election

552 personnel secure election BAUCAU, East Timor: A total 552 military personnel stand ready to safeguard the general election here, said Lt. Col. Herman Tedez of the regional military command."The personnel are dispersed throughout Baucau's six districts," he was quoted by Antara as saying.

Smoking banned at school

Smoking banned at school KUPANG, East Nusa Tenggara: The local education office is calling for a smoking ban in schools throughout the province, "from kindergarten through to all universities".Joshua Cornelis Mbeo told The Jakarta Post his office will launch the campaign against smoking in schools...

Mauritius, RI to sign tax ready

Mauritius, RI to sign tax ready JAKARTA (JP): The Indonesian and Mauritius governments are to sign an agreement to avoid double taxation, said Indonesia's Minister of Tourism, Post and Telecommunications Joop Ave yesterday.

Three broking houses to reusme trading

Three broking houses to reusme trading JAKARTA (JP): The management of the Jakarta Stock Exchange (JSX) allowed yesterday three of four suspended brokerage houses to resume trading.The exchange's management said the three brokerage houses -- PT Finan Corpindo Nusa, PT Artha Gitasejahtera Sekuritas,...

Local athletes drug tested for clean SEA Games square

Local athletes drug tested for clean SEA Games square JAKARTA (JP): Several members of the 19th SEA Games squad have been drug tested to ensure a clean team at the Games from Oct. 11 to Oct. 19.Dr. Dangsina Moeloek of the Games medical team told Antara Thursday that many national athletes had...

Industrial sector still faces many problems

Industrial sector still faces many problems JAKARTA (JP): Indonesia's industrial sector still faces many problems despite its rapid growth over the last few years, an academic said yesterday.Center for Information and Development Studies' researcher, Didin S.

Phone users' expectations continue to rise

Phone users' expectations continue to riseBy Prapti Widinugraheni LONDON (JP): The time has come when telecommunications providers have to start thinking about giving their customers more than just a telephone line to keep them paying their bills.

RI-HK firms to operate Bojonegara seaport

RI-HK firms to operate Bojonegara seaport JAKARTA (JP): Indonesian and Hong Kong firms created PT Teluk Banten Peti Kemas Indonesia here yesterday to develop and operate the 1,200-hectare port in Bojonegara, West Java, which will cost a total of US$700 million to build.

Eight NU groups endorse general election boycott

Eight NU groups endorse general election boycott JAKARTA (JP): Eight groups within Nahdlatul Ulama (NU), Indonesia's largest Moslem organization, yesterday endorsed boycotting the election as a form of political participation.

Belo to speak in Rome

Belo to speak in Rome DILI, East Timor: Dili Bishop Carlos Filipe Ximenes Belo said yesterday he is set to deliver a speech before a youth conference in Rome, Italy next month.The event will be held on May 10, he was quoted by Antara as saying.

Indonesia faces justice challenges

Indonesia faces justice challenges Supreme Court Justice Adi Andojo who grabbed headlines last year for blowing the whistle on collusion at the highest law institution will retire on May 1, 1997. Charles Himawan, a professor of law and economics at the University of Indonesia and member of the...

Solar energy for villages

Solar energy for villages BENGKULU, Bengkulu: Some underdeveloped villages in Rejeng Lebong regency plan to use a Solar Home System (SHS) to produce electricity for the 1997/1998 fiscal year, a local Ministry of Energy and Mines official said yesterday.

Indosat, ICO sign deal

Indosat, ICO sign deal JAKARTA (JP): State-owned PT Indosat signed yesterday an agreement with ICO Global Communications, a satellite-based personal communications services operator, to construct and operate a satellite access node for the service.

Dumping duties on RI

Dumping duties on RI BRUSSELS (Reuter): The European Commission said yesterday it would recommend to European Union ministers that definitive anti- dumping duties be imposed, albeit at a reduced rate, on imports of grey cotton fabrics from Indonesia and five other countries.

Strong aluminum demand in Asia lifts premiums

Strong aluminum demand in Asia lifts premiums SINGAPORE (Reuter): Robust aluminum demand in Asian markets is currently boosting premiums as the trade prepares for talks next month on third quarter supply contracts, base metal traders said yesterday.

President urges people to buy more local goods

President urges people to buy more local goods JAKARTA (JP): President Soeharto called on people again yesterday to buy local products, saying there was no reason to prefer foreign products because local ones were just as good and cheaper."The use of local goods should be made a national drive.

Maleo launch after election

Maleo launch after election JAKARTA: An Australian government minister has confirmed Indonesia's second "national car", the Maleo, will be launched after the general election in May.The Victorian Minister for Tertiary Education and Training Phil Honeywood said he had been told by the State Minister...

French frigate to dock at Priok

French frigate to dock at Priok JAKARTA (JP): The French frigate, La Fayette, the first stealthy frigate in the world, will visit Indonesia from April 28 to May 3.The La Fayette, with 168 crew members, is commanded by Capt. Thierry d'Arbonneau.

50% of development funds do not reach Irian Jaya

50% of development funds do not reach Irian Jaya JAKARTA (JP): Irian Jaya tribal chiefs are outraged because only 50 percent of the government's poverty alleviation funds have reached them.In a meeting hosted by representatives of the United Nations Education, Science and Cultural Organizations...

Let the fiesta begin

Let the fiesta begin The election campaign starts tomorrow. In the next 27 days, the three political groups contesting the general election will have their chance to sell themselves to voters. This is an important phase in the current build up to voting day.

'No need to delay reclamation'

'No need to delay reclamation' JAKARTA (JP): Governor Surjadi Soedirdja hinted Wednesday that reclamation projects in North Jakarta need not be postponed until a currently underway environmental impact analysis was completed.

Danamon pays dividend

Danamon pays dividend JAKARTA (JP): Publicly listed Bank Danamon's shareholders approved yesterday a Rp 55 (2.2 U.S. cent) dividend a share."Total dividends to be paid are worth Rp 61.6 billion," the bank said yesterday.The bank booked a Rp 281.2 billion net profit in 1996, up 57 percent.

General election affects hotel accupancy rates

General election affects hotel accupancy rates JAKARTA (JP): Next month's general election, for which campaign activities will start tomorrow, has affected hotel occupancy rates in Jakarta, a hotel industry senior executive said yesterday.

'Hard Rock FM' marks anniversary

'Hard Rock FM' marks anniversaryBy Helly Minarti JAKARTA (JP): Judging from its name, Hard Rock FM must be a radio station blaring out hard rock music, right? Wrong. While the numbers played do include some hard rock, its staple roster is a blend of today's hits and yesterday's favorites.

U.S. fugitive arrested over money embezzlement

U.S. fugitive arrested over money embezzlement JAKARTA (JP): The police arrested Wednesday a United States national wanted by Interpol for the alleged embezzlement of US$3.5 million from the company he worked for in the U.S.Mursanudin A.

Peugeot adds an auto

Peugeot adds an auto JAKARTA: Peugeot has added an automatic version to its midsized 406 sedan range, priced at Rp 103.5 million.The four-speed self-shifter joins the 2000cc five-speed manual model priced at Rp 96 million.

Component industry development vital: Gaikindo

Component industry development vital: GaikindoBy Matthew Allen GAIKINDO, the Association of Indonesia's Automotive Industries, has called upon the government to help create a positive economic climate for the development of Indonesia's components industry.

Prayers held for campaign

Prayers held for campaign JAKARTA (JP): Party leaders, government officials and religious figures joined in prayers yesterday for a successful election campaign.Head of the Indonesian Moslem Ulemas Council Hasan Basri led the prayers, which called for peace during the electioneering that kicks off...

Big retailers want clear regulation

Big retailers want clear regulation JAKARTA (JP): The Association of Indonesian Retailers asked the government yesterday to take into account different economic levels of regency towns in its plan to limit big retail operations.

RI workers remit $1.2b

RI workers remit $1.2b KUALA LUMPUR (DPA): Indonesians accounted for 62 percent or 1.86 billion of the three billion ringgit (US$1.2 billion) sent home by foreign workers in Malaysia in 1996, news reports said yesterday.

Coffee futures set to slide on sell stops

Coffee futures set to slide on sell stops LONDON (Reuter): LIFFE coffee futures pulled back after a firm start to end yesterday midsession sharply lower after trade houses stepped up selling and triggered light sell-stops on the way down.

Australian Parry extends lead at Satelindo Open

Australian Parry extends lead at Satelindo Open JAKARTA (JP): Australian Craig Parry extended his lead yesterday to two strokes despite a personal worst on the course with a 2-under par 70 at the half-way point of the Satelindo Indonesia Open.

Industry coordination needed to tackle pollution problems

Industry coordination needed to tackle pollution problemsBy Matthew Allen GREATER co-ordination of the government's blue sky program is required if it is to have any impact on Jakarta's spiralling pollution problems.

Free treatment for asthma, TB

Free treatment for asthma, TB JAKARTA (JP): The Indonesian Asthma Foundation is organizing free treatment for asthmatics and people with tuberculosis on tomorrow.Chairwoman Opih Radinal Moochtar said yesterday the service would be at the Indonesian Tuberculosis Eradication Association's office on...

Indonesian palm oil output

Indonesian palm oil output SINGAPORE (Reuter): Indonesia's palm oil output will more than double to 11.7 million tons by 2005 against about 5.6 million tons in 1997, the vice-chairman of the Indonesian Palm Oil Producers Association (GAPKI) said yesterday.

City 'should learn from mistakes' in terminal project

City 'should learn from mistakes' in terminal project JAKARTA (JP): The City Council speaker M.H. Ritonga warned the city not to repeat the mistake it made with the Kampung Rambutan terminal when it constructs the Rp 110 billion (US$45.3 million) Pulogebang terminal in East Jakarta.

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.

Refugee plight is Laurent Kabila's first public crisis

Refugee plight is Laurent Kabila's first public crisisBy Nicholas Kotch NAIROBI (Reuter): Cruelty meted out to Rwandan Hutu refugees in eastern Zaire is turning into a diplomatic and public relations disaster for Laurent Kabila, the rebel leader hoping to take charge of Africa's giant state.

City installs more traffic controllers

City installs more traffic controllers JAKARTA (JP): The City's Traffic Control Agency has installed more Area Traffic Control Systems (ATCS) units throughout the city to fight the worsening traffic jams.

Police advise delaying gatherings

Police advise delaying gatherings JAKARTA (JP): The police are advising people to postpone plans for meetings, gatherings or parties during the general election period.Head of the General Information Department of National Police headquarters Col.

HASI shoe company clarifies

HASI shoe company clarifies Your story Shoe factory workers stage demonstration on page 3 of the April 23, 1997 issue discloses false information.I am President Director of PT Hardaya Aneka Shoes Industry (HASI) located in Tangerang.

Central and East Java identified as election hot spots

Central and East Java identified as election hot spots YOGYAKARTA (JP): The Armed Forces (ABRI) have identified Pekalongan in Central Java and Madura island in East Java as potential dangerous spots during the election campaign, which kicks off tomorrow, and the May 29 poll.

Farmers to sue governor over dam

Farmers to sue governor over dam SEMARANG (JP): Twenty farmers in Central Java are continuing with their struggle to obtain decent compensation for their land, which was appropriated to make way for the Kedungombo dam.

More aid sought for small firms in eastern provices

More aid sought for small firms in eastern provices AMBON, Maluku (JP): East Timor's governor, Abilio Jose Osorio Soares, called on the government and large businesses yesterday to provide more assistance to small firms and cooperatives in Indonesia's eastern provinces.

Foreign tourist arrivals up 3.4%

Foreign tourist arrivals up 3.4% JAKARTA (JP): Foreign visitors to Indonesia in February rose to 315,407, up 3.4 percent on February last year, according to a Ministry of Tourism, Post and Telecommunications report.The report said the growth rate was 4.3 percent in January 1997.

No foreigners apply to observe the upcoming general election

No foreigners apply to observe the upcoming general election JAKARTA (JP): No foreigners have so far expressed any interest to witness the May 29 election, but Indonesia is keeping its door open, an official said.Sutoyo N.K.

Elementary schools get more teachers

Elementary schools get more teachers JAKARTA (JP): Governor Surjadi Soedirdja said yesterday the municipality would raise the number of elementary school teachers to make up for the shortage of more than 2,000 teachers.

Armored vehicles to handle riots

Armored vehicles to handle riots JAKARTA (JP): The police will wield armored vehicles to handle the increasing riots and demonstrations ahead of the May 29 general election, Police Chief Lt. Gen. Dibyo Widodo said.

Daihatsu launches upgraded Feroza

Daihatsu launches upgraded FerozaBy Matthew Allen DAIHATSU has launched an upgraded version of its Feroza, now called the G2.It comes in three guises -- Standard, Deluxe and Sporty -- and on-road prices are Rp 25 million, Rp 27.5 million and Rp 28.5 million respectively.

Workers protest management's breaking of deal

Workers protest management's breaking of deal TANGERANG (JP): More than 10,000 workers of PT Hardaya Aneka Shoes, which produces Nike shoes, protested again yesterday after the company broke a deal made after the first demonstration Tuesday.