Indonesian Political, Business & Finance News

Archive: 13 May 1997

59 articles found

Indorama posts Rp 36.2b net profit

Indorama posts Rp 36.2b net profit JAKARTA (JP): Publicly listed polyester maker Indorama Synthetics posted a Rp 36.2 billion net profit in the first quarter of 1997, up 77 percent from Rp 20.4 billion in 1996.The company said yesterday it also recorded a 26 percent increase in net sales to Rp 198.

PT Satelindo expands its roaming service

PT Satelindo expands its roaming service JAKARTA (JP): PT Satelindo, one of Indonesia's three operators of the global system for mobile communication (GSM), has expanded its roaming service into 34 countries in cooperation with 53 overseas operators.

The Newmont case

The Newmont case Finally, Newmont gold mining company in West Nusa Tenggara was given a construction permit by Minister of Mines and Energy Ida Bagus Sudjana. PT Newmont Nusatenggara has already received a formal letter of decision and thus the polemic over Sudjana's request for equity shares is...

RI swimmers shine at Arafura Games

RI swimmers shine at Arafura GamesBy Primastuti Handayani DARWIN, Australia (JP): Indonesia bagged five more golds and three silvers in swimming and three golds and two silvers in track and field on the Arafura Games' third day yesterday.

Asian shipping lines 'must look to' merger, buyouts

Asian shipping lines 'must look to' merger, buyouts SINGAPORE (AFP): Asian shipping lines will have to look increasingly to mergers and buyouts to survive falling freight rates, tougher regulations and fierce competition, industry officials said yesterday.

PPP tells government to be neutral

PPP tells government to be neutral PADANG, West Sumatra (JP): The United Development Party (PPP) demanded yesterday that the government stop requiring bureaucrats to help Golkar win the general election.

Thailand eases loan rules

Thailand eases loan rules BANGKOK (AFP): The Bank of Thailand said yesterday that it would ease some rules concerning provisions for sub-standard loans for finance companies.Director of financial institutions supervision and development Theerachai Puvanartnaranubala said the central bank would meet...

ADB aids Islamic school

ADB aids Islamic school JAKARTA: The Manila-based Asian Development Bank (ADB) is providing US$85 million in financial aid for Indonesia's Islamic high schools in rural areas.Indonesian Ambassador to the Philippines Abu Hartono and ADB President Mitsuo Sato signed the aid agreement in Manila...

Kupang's pager service

Kupang's pager service JAKARTA (JP): PT Tanoni will soon get a pager service in Kupang, East Nusa Tenggara's capital, Antara reported yesterday.The head of the province's tourism, post and telecommunications office, Musa Tarigan, said a pager service should do well in the city.

PDI proposes 25% hike in education budget

PDI proposes 25% hike in education budget JAKARTA (JP): The government-recognized faction of the Indonesian Democratic Party (PDI) said yesterday the state budget for education should rise 25 percent.In a discussion broadcasted by state television station TVRI, PDI deputy chairman Subagyo Umar said...

Asian economic chiefs outline reform commitment

Asian economic chiefs outline reform commitment FUKUOKA, Japan (AFP): Finance chiefs outlined yesterday their commitment to reform at the Asian Development Bank annual meeting here as differences over the entry of North Korea simmered on the sidelines.

Indonesia's Setdco buys 60% of Kazakh Mangistau

Indonesia's Setdco buys 60% of Kazakh Mangistau ALMATY (Reuter): Central Asia Petroleum Ltd, a unit of Indonesia's Setdco Group, has bought a 60-percent stake in Kazakhstan's largest oil company Mangistaumunaigaz for a total of US$4.348 billion, a senior Kazakh official said yesterday.

East Timor joins Expo Darwin

East Timor joins Expo Darwin DILI: East Timor will join Expo Darwin in an effort to promote its natural resources.The vice chairman of the Provincial Investment Coordinating Board (BKPMD), Basyiruddin Yusuf, said over the weekend that participation in the expo was aimed at enhancing foreign...

Silk Air to Balikpapan

Silk Air to Balikpapan JAKARTA (JP): National flag carrier Garuda Indonesia in cooperation with Singapore's Silk Air will link Balikpapan in East Kalimantan and Singapore twice a week with a 78-seat Fokker 70 aircraft service.Garuda said here yesterday the service would start on June 2.

RI mission in Australia

RI mission in Australia JAKARTA (JP): An Indonesian delegation led by the Chamber of Commerce and Industry's chairman Aburizal Bakrie arrived in Canberra yesterday for a five-day mission to promote trade and economic cooperation with Australia.

Eleven state firms lose more than Rp 182.61 billion

Eleven state firms lose more than Rp 182.61 billion JAKARTA (JP): At least eleven state-owned enterprises under the Ministry of Industry and Trade last year suffered a combined loss of Rp 182.61 billion (US$76.08 million), the ministry said yesterday.

PMI calls for aid for Iran

PMI calls for aid for Iran JAKARTA: The Indonesian Red Cross (PMI) headquarters has called on people to help Iranian families left homeless by the earthquake that killed 2,400 people last Saturday.In a statement from the public relations head of the organization Marlina Suriawan, PMI said all 306...

RI blames industrial states for unhealthy textile trade

RI blames industrial states for unhealthy textile tradeBy Rita A. Widiadana HONG KONG (JP): Industrialized countries impose protectionist measures on textile and clothing imports from developing nations, affecting the growth of their industries, an Indonesian minister said here yesterday.

Coffin fails to impress cleric

Coffin fails to impress cleric JAKARTA: Tuty Alawwiyah, leader of a Golkar-affiliated Moslem organization, is unimpressed by people using coffins to dramatize concern for the "death of democracy".The latest person to carry a mock coffin in a street protest is playwright Ratna Sarumpaet, whose play...

Soebadio questioned at police HQ

Soebadio questioned at police HQ JAKARTA (JP): Former politician Soebadio Sastrosatmo was questioned about his alleged defamation of President Soeharto yesterday for two and a half hours at City Police Headquarters.

More firms invited to join job fair

More firms invited to join job fair JAKARTA (JP): Atma Jaya Catholic University yesterday invited more companies to join this year's job fair.Deputy rector of the university Johannes Temaluru said the job fair, which is due to be held in December, would benefit both companies and universities.

Former journalists exonerated

Former journalists exonerated YOGYAKARTA: The Yogyakarta district court exonerated Monday three former journalists of Kedaulatan Rakyat daily who were accused of violating copyrights.Presiding judge Sri Boediastuti said the three must be freed as there was no evidence that they had violated...

Travel bag returned

Travel bag returned Taking a taxi ride with Blue Bird recently, I forgot to collect my travel bag containing several valuable items.The bag was safely returned complete with all items within 48 hours.I would like to thank the management at Blue Bird and the driver to whom I am most grateful.

Sudomo's newest startling revelation

Sudomo's newest startling revelation JAKARTA: Sudomo, the 70-year-old Supreme Advisory Council chief and regular casanova of beautiful actresses and singers, proved yesterday that he hadn't changed.As a good Golkar cadre, he said, he supported President Soeharto's renomination for a seventh term...

Next vice president 'likely to be chosen from the cabinet'

Next vice president 'likely to be chosen from the cabinet' JAKARTA (JP): The next vice president is likely to be chosen from the present cabinet of President Soeharto, senior politician Sudomo said yesterday.

Friendship is the Arafura Games' motto

Friendship is the Arafura Games' motto DARWIN, Australia (JP): The Arafura Games' participants have agreed to maintain the biennial event's unique characteristic, which is that it is based on friendship.

TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Berenstain Bears 3:00 News: Lintasan Berita 3:10 Teenagers' Program: Remaja Indonesia 3:35 Education Program: Kuliah Universitas Terbuka 4:00 Regional News 4:30 Teenagers' Program: Drama Remaja 5:00 English...

Games sticker alternative for entry ticket: Official

Games sticker alternative for entry ticket: Official JAKARTA (JP): City council's deputy spokesman yesterday recommended the 19th SEA Games stickers be exchanged as Games entry tickets to encourage more people to support the sports event.

Voluntary donations?

Voluntary donations? In less than five months from now, Jakarta will be proud host to the 19th Southeast Asian Games -- or SEA Games, as it is more popularly known -- which is scheduled to open on Oct. 11 with pomp and ceremony at the capital's Senayan sports complex.

Japan Foundation screens free films

Japan Foundation screens free films JAKARTA (JP): Two Japanese films will be screened at the Japan Foundation from May 15 to May 20 for free.The films, to be shown at the Summitmas I building, are Daiyukai, (Rainbow Kids) and Tsugumi. Both films have texts in Indonesian.

Polysindo plans to invest US800m to boost production

Polysindo plans to invest US800m to boost production JAKARTA (JP): Publicly listed PT Polysindo Eka Perkasa, Indonesia's largest polyester producer, announced yesterday that it would invest US$800 million to expand its production capacity during the next five years.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 12, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 975 0 45,000 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 0 Alumindo Light Metal 1,075 -25 4,500 Alumindo...

Legislative representation is getting better

Legislative representation is getting better The question of representation in the general election, which was addressed in this column on May 10, gets a response from Amir Santoso, a senior lecturer from the University of Indonesia, who notes that despite its shortcomings, progress has indeed been...

Price Waterhouse and Bre-X

Price Waterhouse and Bre-X As stated in the News Release by Bre-X (Vol 97 No. 22 dated May 4, 1997), Price Waterhouse along with Forensic Investigative Associates, and other firms, have been retained by Bre-X to assist the company in determining how "the data on which Bre-X relied in its prior...

Woman dies of overdose

Woman dies of overdose JAKARTA (JP): A young woman died early Sunday at the Sumber Waras hospital in West Jakarta from an Ecstasy overdose."The body showed that Setyorini had overdosed on Ecstasy pills," a forensic staff member of the Cipto Mangunkusumo General Hospital said.

Sudomo criticizes people jumping ship

Sudomo criticizes people jumping ship JAKARTA (JP): People who abandoned the rift-ridden Indonesian Democratic Party (PDI) for the United Development Party (PPP) are "spineless," Golkar cadre Sudomo said yesterday."They're spineless.

Tutut meets NU ulemas amid Golkar campaign

Tutut meets NU ulemas amid Golkar campaign PAMEKASAN, East Java (JP): Golkar leader Siti Hardiyanti Rukmana took a break from her busy campaign schedule yesterday to nurture grassroots support at a meeting here with Nahdlatul Ulama (NU) ulemas.

Proposed parking scheme includes insurance: Rodja

Proposed parking scheme includes insurance: Rodja JAKARTA (JP): A parking scheme which also includes insurance and a sports fund was proposed by a private company to the City Council yesterday.Councilor M. Rodja said under the proposal, a parking fee of Rp 1,000 (41 U.S.

Anwar Anwar gets boost as Mahathir vacations

Anwar Anwar gets boost as Mahathir vacationsBy Reme Ahmad KUALA LUMPUR (Reuter): Malaysian Deputy Prime Minister Anwar Ibrahim will advance a little further along the path to the premiership when his boss goes for a long vacation this month, political and economic analysts said at the weekend.

JSX index rises 0.3 percent

JSX index rises 0.3 percent JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) began the week discouragingly, with the Composite Index rising 0.3 percent yesterday.Securities analysts attributed the rise to increased presence of foreign investors.

Aprisindo under fire over minimum wage rise delay

Aprisindo under fire over minimum wage rise delay JAKARTA (JP): President Soeharto ordered yesterday the minister of manpower to take action against the Indonesian Footwear Association (Aprisindo) for telling its members to delay paying the new minimum wage.

Anixter's Asian centers

Anixter's Asian centers SINGAPORE (Reuter): U.S. company Anixter International Inc said on Monday it is setting up centers in Southeast Asia to offer information technology (IT) training.Daphne Tham, Anixer's director of education services for the Asia Pacific region, told Reuters the company hoped...

Three men held for heroin

Three men held for heroin JAKARTA (JP): Three men have been arrested separately for illegally possessing and trading heroin in Central Jakarta, the police said Saturday.City Police spokesman Lt. Col. E.

FAST FACT FILE

FAST FACT FILE Name of golf club : Tanjong Puteri Golf Resort Berhard Address : P.O. Box 117, 81707 Pasir Gudang, Johor. Telephone : 07-271 1888 Fax: 07-271 1333 Developer : Keck Seng (M) Bhd Course Designers : A Course - Max Wexller B Course - Mamiya San C Course - Mamiya San Date Opened : A-11/92...

Golf supplement

Golf supplement Having read your Golf Supplement (April 29, 1997, page 14), we are sending you a correction of the article concerning the Fast Fact File table. The items corrected are as follows:1. Green Fees: valid until March 31, 19982. Telephone: 62 361 771791 - hunting3.

252 Indonesians to vote in Darwin

252 Indonesians to vote in Darwin DARWIN (JP): Two hundred and fifty two of the 405 Indonesians living in Australia's Northern Territory are expected to vote in the May 29 poll.Widodo Surono, Indonesian consul general here, said yesterday his office had to either post election registration forms to...

Campaign schedule for Indonesia for May 13, 1997:

Campaign schedule for Indonesia for May 13, 1997: Party Campaign area Important campaigners --------------------------------------------------------------- PPP Kalimantan, Sulawesi Djufrie Asmoredjo, Zain Badjeber, Jusuf Syakir, Abduh Paddare, Alawy Muhammad Golkar Sumatra, Bali, East and Harmoko,...

WHO boosts ties with ASEAN

WHO boosts ties with ASEAN GENEVA (AFP): The World Health Organization has signed an agreement with the Association of South-East Asian Nations to boost joint efforts in combating disease and promoting better health in the region, the WHO said here yesterday.

Shoe slipup

Shoe slipup On April 17, 1997 your paper published an article headlined Shoe producers blame govt for their inefficiency by (pwn).Since the contents substantiated the arguments used in our feasibility study for a tannery in Indonesia, we mailed a copy to our contact in Singapore who was already in...

Where to go in Jakarta:

Where to go in Jakarta:Music * Dai-ichi Hotel, Jl. Senen Raya 135, Central Jakarta: - Morgan's 1072 Classic Disco; Lemon Tea Band/Time Motion Band, Tuesday, 9 p.m. to 12.30 a.m., Smart Band, Wednesday, 9 p.m. to 12.30 a.m., R and Co Band, Saturday, 9.30 p.m. to 1 a.m.

RI sees 'strong' growth this year

RI sees 'strong' growth this year FUKUOKA, Japan (Agencies): Finance Minister Mar'ie Muhammad said yesterday Indonesia's economy was likely to expand at a rapid pace this year with little sign of overheating.

Businessman's trial delayed for 3rd time

Businessman's trial delayed for 3rd time JAKARTA (JP): A state prosecutor asked the North Jakarta District Court yesterday to postpone the trial of Eng San, 43, a businessman accused of planning the murder of Nyo Beng Seng and taking part in it.

'Mega-Bintang' banners banned

'Mega-Bintang' banners banned JAKARTA (JP): The government banned yesterday banners and pictures which suggest a coalition of deposed Indonesian Democratic Party (PDI) leader Megawati Soekarnoputri and the United Development Party (PPP) during the campaign.

CIFOR researcher honored

CIFOR researcher honored JAKARTA (JP): Dr. Jerry Vanclay, a researcher at the Bogor, West Java, Center for International Forestry Research (CIFOR) has been given the Queens Award for Forestry by the Commonwealth Forestry Conference.

Shuttlers should 'forget bonuses'

Shuttlers should 'forget bonuses' JAKARTA (JP): A badminton observer has said financial bonuses should not be shuttlers' first priority in the Sudirman Cup and world championships.Former women's player Minarni Sudaryanto said player's priority should be their performances.

Govt denies trying to rig election results

Govt denies trying to rig election results JAKARTA (JP): Government and Golkar officials joined forces yesterday to defend a Bengkulu subdistrict chief accused by the United Development Party (PPP) of trying to rig election results.

U.S. utilities will spend big in Asia

U.S. utilities will spend big in Asia MELBOURNE (Reuter): Two big U.S. power companies said on Monday they would continue investing billions of dollars in Asian energy assets to help drive profits at home.

Vote for Golkar, take new husband

Vote for Golkar, take new husband JAKARTA: Golkar supporters are promising almost anything to get people to join their ranks.A noisy motorcade of 40 Golkar supporters slowed down to speak to a group of women in Moslem attire yesterday on a roadside in Durikosambi, West Jakarta.

Rubber mart watches Sino-Thai deal

Rubber mart watches Sino-Thai deal SINGAPORE (Reuter): The Southeast Asian rubber market will look closely at talks between Thailand and China this week to wrap up details on a rubber deal, but expectations remain muted because of poor demand, traders said on yesterday.