Indonesian Political, Business & Finance News

Archive: 1 May 1997

65 articles found

Abstaining 'shows political awareness'

Abstaining 'shows political awareness'By Sirikit Syah JAKARTA (JP): Political observer M. Budyatna defended yesterday students who decided to abstain from voting, saying the stance reflects political awareness rather than apathy."The students are just critical.

Furukawa strengthens SUCACO

Furukawa strengthens SUCACO TOKYO (Reuter): Furukawa Electric Co Ltd said yesterday that it would increase its stake in Indonesia's Supreme Cable Manufacturing Corp (SUCACO) and that two of its executives would join the company's board.

Surjadi reprimands poll contenders

Surjadi reprimands poll contenders JAKARTA (JP): Jakarta Governor Surjadi Soedirdja, in his capacity as chairman of the Jakarta branch of the Indonesian Elections Committee, reprimanded yesterday the three political groups for breaking the rules.

Samsung's investment in RI

Samsung's investment in RI SEOUL (Reuter): Samsung Corp, the trading unit of South Korea's Samsung Group, said yesterday it and its two partners would invest US$500 million to develop a residential and commercial complex in Indonesia.

Domestic airline to use endorsable ticket system

Domestic airline to use endorsable ticket system JAKARTA (JP): After two years preparation, six domestic airlines will introduce today endorsable tickets allowing passengers to use tickets from one airline on other carriers.

RI team told to ignore East Timor protests

RI team told to ignore East Timor protests JAKARTA (JP): Athletes representing Indonesia at the Arafura Games in Darwin, Australia, in two weeks must ignore protests on East Timor's integration, a Ministry of Foreign Affairs official said yesterday.

Many pilgrims arrive home without luggage

Many pilgrims arrive home without luggage JAKARTA (JP): Many haj pilgrims returned home from Saudi Arabia yesterday only to learn that their luggage was missing.Similar incidents also marred the return of the first Indonesian pilgrims at Halim Perdana Kusumah airport and five other airports in the...

Second Indonesia team tries to conquer Everest

Second Indonesia team tries to conquer Everest JAKARTA (JP): After an Indonesian team reached the summit of Mt. Everest (8,848 meters) Saturday, a second Indonesian team is planning to do the same by May 6.Lt. Col.

Megawati T-shirts sell like hot cakes

Megawati T-shirts sell like hot cakes SEMARANG: Megawati T-shirts calling on people to boycott this month's election are selling like hot cakes here and in Salatiga.Customers include mothers and children, who can buy the T- shirts for between Rp 5,000 (US$2) and Rp 10,000.

Sealing of Kemang establishments halted for election

Sealing of Kemang establishments halted for election JAKARTA (JP): The South Jakarta mayorality is to suspend closing business establishments on Jl. Kemang Raya for the next two months because of the election.

S'pore buys Natuna gas

S'pore buys Natuna gas LONDON (Reuter): U.K. oil and gas company Premier Oil Plc said yesterday it had signed a letter of agreement (LOA) with Sembawang Engineering and Construction Pt Ltd for the sale of 2.5 trillion cubic feet of West Natuna Sea natural gas.

W. Java to host 250cc motorcross meet

W. Java to host 250cc motorcross meet JAKARTA (JP): Preparations are underway at the Jatinangor circuit, West Java, for the 12th leg of the world 250cc motorcross championship from Aug. 2 to Aug. 3.Organizer Helmy Sungkar said Tuesday: "We are still working on the circuit and hopefully it will be...

Property oversupply weighs on Asian stocks

Property oversupply weighs on Asian stocks HONG KONG (Reuter): Property oversupply in Southeast Asia and Thailand's economic woes are weighing on the region's stock markets, preventing them benefiting much from strong U.S. markets, experts said yesterday.

Patent protection system application

Patent protection system application Indonesia revised last month its copyright, trademark and patent laws to conform with the Agreement on Trade-Related Aspects of the Intellectual Property Rights (TRIPs) of the Geneva-based World Trade Organization.

Malaysia's power giant secures tariffs, subsidy

Malaysia's power giant secures tariffs, subsidy KUALA LUMPUR (AFP): Malaysia's power giant Tenaga Nasional Bhd. yesterday secured an earnings boost when the government approved an eight-percent rise in electricity tariffs despite consumer opposition.

Where to go in Bandung:

Where to go in Bandung:Music and Entertainment * Horison Hotel, Jl. Pelajar Pejuang 45 No. 121, Maskumambang 8 Buah Batu: - Spec's Music Lounge and Karaoke, at 7 p.m. to 2 a.m., P&P Band and Flower Power Band, Wednesday, Saturday. Organist and Singer, daily.

Political parties told to quit convoy of vehicles

Political parties told to quit convoy of vehicles JAKARTA (JP): The Armed Forces (ABRI) said yesterday it was holding the three general election contestants' leaders accountable for the illegal, massive street rallies that have congested traffic and caused one fatality.ABRI spokesman Brig. Gen.

Golkar supporters rally in the streets

Golkar supporters rally in the streets JAKARTA (JP): Golkar supporters could not fail the temptation to rally in the streets of the capital and elsewhere in Java yesterday in an obvious breach of the election campaigning rules.

Five arrested for drug possession

Five arrested for drug possession JAKARTA (JP): Police detectives arrested five men in different incidents for possessing a gun, 12 kilograms of marijuana, and 28 grams of heroin worth around Rp 38.7 million (US$16,133).Chief detective for general affairs at the City Police, Lt. Col.

Ciputra's profit up 41% last year

Ciputra's profit up 41% last year JAKARTA (JP): Publicly listed property developer PT Ciputra Development reported yesterday a 41 percent increase in net profit to Rp 131.4 billion (US$54.3 million) last year from Rp 93.1 billion in 1995.The company's spokesperson, Nanik J.

Golkar supporters attack PPP offices

Golkar supporters attack PPP offices YOGYAKARTA (JP): Two groups participating in a Golkar rally vandalized two United development Party (PPP) offices and injured one person here yesterday, a local party official said.

Naval officers get promotion

Naval officers get promotion SURABAYA: A total of 176 members of the eastern fleet (Armatim) of the Indonesian Navy have been promoted.The base commander, Lt. Col. JW. Kainawa, led the ceremony here yesterday."Promotion is not a gift," he said.

Iranian involved in court debate

Iranian involved in court debate JAKARTA (JP): An Iranian on trial here for allegedly possessing 155 heroin pills, was involved in a lengthy debate with the judge and a security guard when he denied the charges against him.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 30, 1997: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 98,500 Alumindo Light Metal 1,125 25 1,007,000...

Where to go in Jakarta:

Where to go in Jakarta:Music * President Hotel, Jl. Thamrin, Central Jakarta: - Sky Garden Grill and Supper Club; Sky Riders Band, daily except Wednesday at 7 p.m. to 10 p.m., Abadi Soesman Band, Wednesday at 7 p.m. to 10 p.m. - Rainbow Lounge; open daily, at 8 a.m. to 12 p.m.

NTB chosen for fishing project

NTB chosen for fishing project MATARAM: West Nusa Tenggara (NTB) is among four provinces selected for a pilot project for intensification of fishing operations, a local official says.The head of the fishery products office, Bambang Kartiko, said Tuesday that the project, involving 50 fishermen and...

RI coffee sales steady as roasters mark time

RI coffee sales steady as roasters mark time SINGAPORE (Reuter): Indonesian coffee sales are steady, although roasters had slowed down the pace of their buying, dealers said yesterday."The Western roasters are holding off a bit.

Geologist's autopsy report completed

Geologist's autopsy report completed JAKARTA (JP): An autopsy report confirming the suicide of Filipino Bre-X geologist Michael de Guzman will be given to the Philippines government soon, police said.Head of National Police Detective Department, Brig. Gen.

Setyanto elected as Sahid hotel chain's president

Setyanto elected as Sahid hotel chain's president JAKARTA (JP): Publicly listed PT Hotel Sahid Jaya International elected PT Telkom's former president, Setyanto Prawira Santosa, as its new president yesterday.Sahid's outgoing president, Sukamdani S.

Campaign schedule for Indonesia for May 1, 1997:

Campaign schedule for Indonesia for May 1, 1997: Party Campaign area Important campaigners ----------------------------------------------------------------- PPP Kalimantan, Sulawesi Hamzah Haz, Zain Badjeber, Sulawesi Tosari Widjaya, Ali Hardi Kiaidemak Golkar Sumatra, Bali, West Harmoko, Abdul...

Teenager jailed for beating

Teenager jailed for beating DILI: The Dili District Court sentenced a 15-year-old youth to four months in prison and one year's probation on Tuesday in the beating of a magazine reporter.Liban Cavin Soares was one of five men charged with attacking Gaudensius Mau, the Dili-based correspondent for...

Customs director vows to improve service

Customs director vows to improve service JAKARTA (JP): Customs director Permana Agung has again pledged to facilitate smooth flows of goods through Tanjung Priok port by forging closer coordination with banks and customs brokers.

City to rebuild Tjitjih playhouse

City to rebuild Tjitjih playhouse JAKARTA (JP): Governor Surjadi Soedirdja said the city would rebuild the Miss Tjitjih playhouse that was gutted in a fire Saturday in Cempaka Baru, Central Jakarta."It's no problem.

Ericsson eyes lucrative Asian market

Ericsson eyes lucrative Asian market SINGAPORE (Reuter): Swedish telecommunications group Ericsson expects good growth of its phone systems and mobile handphones in Asia over the next few years, senior vice president for Asia Pacific Bo Landin said yesterday.

Cultural diversity must be maintained: Expert

Cultural diversity must be maintained: Expert JAKARTA (JP): The government must preserve cultural diversity and give greater recognition to the achievements of Indonesia's indigenous people in sustainable development, a law professor said.

Airport chief killed in accident

Airport chief killed in accident DILI: Dili's airport commander, Lt. Col. Daniel Parinding, was killed yesterday when his motorized hang glider crashed.Airport officials said the accident happened at about 9 a.m. when the glider was about 60 meters up in the air.

Criminal shot dead

Criminal shot dead JAKARTA (JP): The number of alleged criminals shot dead by police increased when an unemployed man was shot yesterday in Ciracas area, East Jakarta, when he resisted arrest.A police sergeant at the East Jakarta Police precinct said the man, M.S.

Lippo triples profit

Lippo triples profit JAKARTA (JP): Publicly listed insurance firm Lippo Life reported a huge increase in pre-tax profit yesterday from Rp 20.1 billion in 1995 to Rp 66 billion (US$27.2 million) last year.Net earnings jumped from Rp 20.1 billion to almost Rp 60 billion last year.

Chopper makes forced landing

Chopper makes forced landing JAKARTA (JP): Rain and strong winds forced a police helicopter to make an emergency landing on a racecourse in Pamulang, Tangerang, on Monday, police said yesterday.The helicopter was returning from securing first day campaign activities in Jakarta. Pilot Capt.

PPP cancels public gathering in Medan

PPP cancels public gathering in Medan JAKARTA (JP): The United Development Party (PPP) canceled its campaign in Medan, North Sumatra yesterday, fearing possible further clashes with supporters of rival political groups.

RI soybean imports up

RI soybean imports up WASHINGTON (Reuter): A U.S. agricultural attache pegged Indonesia 1996/97 soybean imports at 800,000 tonnes, up from a previous estimate of 770,000 tonnes, due to reduced domestic soybean output and higher consumption.

Children are our future

Children are our future An article tucked in the inside page of yesterday's Kompas daily newspaper was hardly surprising, yet it was disturbing nevertheless because it begs us to do something urgent. "Indonesia rated second from bottom in reading and writing scores of primary school pupils", reads...

Ometraco's profit up 22%

Ometraco's profit up 22% JAKARTA (JP): Publicly listed conglomerate PT Ometraco Corporation's 1996 net rose 22 percent from Rp 54.4 billion in 1995 to Rp 66.3 billion (US$27.3 million) last year.The company's financial services division contributed most of the profit growth with a 77 percent...

Hundreds of people leave PDI campaign

Hundreds of people leave PDI campaign UJUNGPANDANG, South Sulawesi (JP): An indoor election campaign organized by the government-recognized Indonesian Democratic Party (PDI) faction was abandoned by hundreds of the party's supporters here yesterday.

Lippo eyes RP bank

Lippo eyes RP bank MANILA (AFP): Lippo Group of Indonesia has offered to buy a majority stake in ailing Philippine thrift bank Monte de Piedad and Savings Bank, authorities said yesterday.The group would inject capital of one billion pesos (US$38.

RP scrambles jets over Chinese Spratly intrusion

RP scrambles jets over Chinese Spratly intrusion MANILA (Agencies): The Philippines scrambled its aging jets for patrol missions to the disputed Spratlys and demanded an explanation from Beijing yesterday after armed Chinese ships were seen near two Filipino-held islands, officials said.

An ASEAN quandary

An ASEAN quandary Within the next 100 days, the seven foreign ministers of the ASEAN members will decide whether to enlarge their group to 10. The current belief is that they will vote in late July to admit Myanmar, Cambodia and Laos.

Government urges insurance mergers

Government urges insurance mergers JAKARTA (JP): The government has called on domestic insurance firms to merge to increase their capital and strengthen their international competitiveness.The Ministry of Finance's insurance director, Suyoto, said yesterday Indonesian insurance companies should win...

Sunkyong-Tamara finance

Sunkyong-Tamara finance SEOUL (Reuter): South Korea's Sunkyong Ltd said yesterday it has agreed with its sister firm Sunkyong Industry Co. Ltd and two Indonesian banks on a joint venture to set up a multi-finance company in the country.

A UN official for East Timor?

A UN official for East Timor? The International Commission on Human Rights has adopted a resolution calling for the stationing of a UN human rights official in Jakarta. The official's task will be to observe the implementation of human rights in East Timor.

Smooth succession

Smooth successionFrom JayakartaThe succession issue is drawing greater attention especially when the general election is just around the corner. The fact is that the present president is getting older, even though many believe he is still strong enough to maintain his post.

TV today

TV todayTVRI 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 Performance: Pelangi Budaya 5:00 Arabic Lessons 5:25 Variety Show: Jendela Dunia 5:55 Music 6:00 News:...

PDI runs out of money

PDI runs out of money PALANGKARAYA, Central Kalimantan: The local Indonesian Democratic Party (PDI) chapter has run out of money on the third day of campaigning.Local PDI officials are uncertain if they can continue their campaign now that the party's coffers are empty.

Megaproject

Megaproject I'd like to comment on the letter Mamberamo project by Mr. Dominggus Mompioper (April 19, 1997).My attention was first aroused when Mr. Dominggus quoted Minister of Research and Technology B.J.

Raising PPP flag turns deadly

Raising PPP flag turns deadly KLATEN, Central Java: A man fell to his death from the top of a tree Monday when raising a United Development Party (PPP) flag on a bamboo pole, police said yesterday.The staunch PPP supporter, Lestari, 20, came crashing down after the wet pole he was holding touched a...

PSSI to decide fate of Danurwindo today

PSSI to decide fate of Danurwindo today JAKARTA (JP): The Indonesian Football Association (PSSI) will meet today to decide whether to replace Danurwindo as national coach.A PSSI source said yesterday the association's technical director, Nirwan Bakrie, would issue a statement on Danurwindo and...

Fire inflicts Rp 1m in losses

Fire inflicts Rp 1m in losses CILACAP, Central Java: A fire destroyed a three-story electronic goods shop on Jl. Raya Diponegoro here, causing Rp 1 million in losses. No fatalities were reported.Eyewitnesses said the fire started about 7 p.m.

Jakarta office rentals expected to increase

Jakarta office rentals expected to increase JAKARTA (JP): Jakarta office rentals have begun to increase with A-grade prime rental space averaging US$15 a square meter a month for tenants occupying units of less than 500 square meters.

Bina Graha donates nut seeds

Bina Graha donates nut seeds PALU, Central Sulawesi: The Bina Graha presidential office in Jakarta will provide superior quality cashew nut seeds to farmers in the Banggai Islands, Central Sulawesi, in a bid to increase smallholder crop production.

Rivalry appeases around table

Rivalry appeases around table PONTIANAK, West Kalimantan: Arch rivalry between the three election contenders here has turned into night-long chats between friends.Faisal Urai of the United Development Party (PPP), Said Alkadrie of Golkar and Darwis Abubakar of the Indonesian Democratic Party (PDI)...

What's the independent poll watchdog doing now?

What's the independent poll watchdog doing now?By Yenni Kwok JAKARTA (JP): Very often, the word "independent" means that the Independent Election Monitoring Committee (KIPP) has to work underground as if it was an outlawed organization.

Election jitters grip businesses, says Sofyan

Election jitters grip businesses, says Sofyan JAKARTA (JP): Leading businessman Sofyan Wanandi described yesterday the May 29 general election as Indonesia's "most critical", and admitted that local businesses are jittery.

Tommy marries his dream girl

Tommy marries his dream girl JAKARTA (JP): President Soeharto's youngest son Hutomo Mandala Putra, or Tommy as he is widely known, was married yesterday in a stylish ceremony that combined traditional Javanese regalia and Islamic ritual.

Share prices gain ground

Share prices gain ground JAKARTA (JP): The Jakarta stock market gained ground yesterday as the JSX composite index rose 4.82 points to 652.05.Turnover was worth Rp 444.14 billion (US$185.05 million) as 224,83 million shares were traded.

Supermarkets in regencies

Supermarkets in regencies We would like to thank you for your recent coverage of our company (April 28, 1997) under the title, Matahari to open outlets in six regencies.However, in our opinion, the article contained some misleading parts which have created a negative image of Matahari.