Indonesian Political, Business & Finance News

Archive: 15 May 1997

64 articles found

Indonesia plans to purchase more Hawk jet fighters

Indonesia plans to purchase more Hawk jet fighters PEKANBARU, Riau (JP): Bilateral discussions between Indonesia and Britain for the purchase of 18 more Hawk-100 trainers and Hawk-200 all-weather attack fighters will not be hampered by the change in the British government, a minister said yesterday.

RI-Australia forum booked

RI-Australia forum booked JAKARTA (JP): Over 20 speakers, 15 sponsors and 20 exhibitors have confirmed their participation in the 24th Indonesia- Australia business conference and exhibition in Bali next month, the organizing committee said here yesterday.

Campaigns should be more educational

Campaigns should be more educational This year's election campaign is basked in new restrictions and new techniques, such as "dialog campaigns". J. Soedjati Djiwandono from the Center for Strategic and International Studies muses over the essence of the general election.

National car

National carFrom Media IndonesiaPerhaps I am only one of the many people who has yet to be proud of the controversial national car. I do not want to undervalue the work of my countrymen, or be accused of sour grapes because I am incapable of purchasing one, but I doubt the exact definition of the...

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 Performances: Pelangi Budaya 5:00 Arabic Lessons 5:30 Children's Program: Bermain Music 6:00 News:...

New fees on foreign employers criticized

New fees on foreign employers criticized JAKARTA (JP): A new fee on overseas employers hiring Indonesian workers would only harm workers instead of protecting them, activists said yesterday.Salma Safitri of the Jakarta-based Solidaritas Perempuan (Women's Solidarity for Human Rights Association)...

Street rallies death toll rockets

Street rallies death toll rockets JAKARTA (JP): The government's latest call for peaceful and orderly campaigning fell on deaf ears here yesterday as six people died in traffic accidents while United Development Party (PPP) supporters' convoys ruled the streets.

Europe venture for Asia

Europe venture for Asia JAKARTA (JP): Three European firms -- Impregilo of Italy, NCC of Sweden and Strabag of Germany -- have formed a joint venture to develop their business in large-scale infrastructure projects in Southeast Asia.

PPP blames Golkar for rain

PPP blames Golkar for rain BANDUNG: Rain men and shamans specializing in holding back the rain have been in very high demand by political parties to make their election rallies a success.They have also been used in an attempt to cause downpours to foul up their rivals' rallies.

YLKI overwhelmed by complaints over stickers

YLKI overwhelmed by complaints over stickers JAKARTA (JP): The Indonesian Consumers Organization (YLKI) has received more than 50 complaints in the last two days about the aggressive fund-raising method for the SEA Games.

Trader charged with fraud

Trader charged with fraud JAKARTA (JP): A prosecutor demanded a four-year sentence for a businessman accused of swindling his partners of Rp 1.9 billion.Prosecutor Abdul Halim Tola told the Central Jakarta District Court yesterday that the defendant, Ignatius Budianto, had first asked three friends...

French Cultural Center holds expo

French Cultural Center holds expo JAKARTA (JP): The French Cultural Center is organizing a photo exhibition by Dodo Karundeng, depicting the center's activities in the past three years.There are 30 photos on, among others, a jazz-gamelan show by Andre Jaume and Sapto Raharjo, the performance of the...

Hokuriku to buy RI coal

Hokuriku to buy RI coal TOKYO (Reuter): Hokuriku Electric Power Co Inc said yesterday that it had agreed to purchase an annual 120,000 tons of coal from Indonesia's P.T. Adaro Indonesia between 1998 and 2001.

PPP's Ismail Hasan warns of infiltration

PPP's Ismail Hasan warns of infiltration JAKARTA (JP): United Development Party (PPP) chief Ismail Hasan Metareum told supporters yesterday to beware of "infiltrators" intending to blot the party's image.

Insurance firms capital requirement must go up

Insurance firms capital requirement must go up JAKARTA (JP): The government should raise the paid-up capital requirement of insurance companies to enable them to compete with their foreign rivals, an insurance executive said yesterday.

The innocent suffer when the rallies turn violence

The innocent suffer when the rallies turn violence YOGYAKARTA (JP): Fear and annoyance mingled in the man's voice as he described the horror of getting caught among thousands of rowdy political party supporters in a street rally here.

Ad appeals for calm in campaign

Ad appeals for calm in campaign SURABAYA (JP): The Brawijaya regional military commander, Maj. Gen. Imam Utomo, has made a public appeal for security, stability and unity through a newspaper advertisement.

No changes yet in China's policy after Deng's death

No changes yet in China's policy after Deng's deathBy Rizal Sukma JAKARTA (JP): It has been more than two months since China's paramount leader Deng Xiaoping passed away. However, there has not been any sign suggesting that the country's political situation will turn chaotic as speculated by many...

Biennial Arafura Games still needs improvement

Biennial Arafura Games still needs improvement DARWIN, Australia (JP): The eight-day biennial Arafura Games are widely known by the host Northern Territorians as The Arafura Sports Festival.They call it this because its main aim is to build relationships and winning comes second.

Youth jailed for raping Indonesian

Youth jailed for raping Indonesian SINGAPORE (AFP): A Singapore court has sentenced a Malaysian youth to eight years' jail and six strokes of the cane for raping an Indonesian maid amid mounting concern over offenses against domestics, press reports said yesterday.

Fire hits Banjarmasin

Fire hits Banjarmasin BANJARMASIN, South Kalimantan: Fire ravaged Tuesday a veteran complex forcing 260 families from their homes. No fatalities were reported.Antara reported that police were investigating the cause of the fire, which is said to have been the biggest in 15 years.

Dwipangga submits proposal for city's waste management

Dwipangga submits proposal for city's waste management JAKARTA (JP): The municipality has received a new proposal from a private company to recycle the city's waste into compost, an official said yesterday.Assistant to the city secretary in charge of development affairs, Prawoto S.

Busang scandal may drop mine financing

Busang scandal may drop mine financing SINGAPORE (Reuter): The Busang gold mine debacle in Indonesia will probably lead to a sharp reduction in finance for mining projects, the chief financial official of Canada's Placer Dome Inc said yesterday.

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.

'ANteve' and Bumiputera to sponsor badminton s'ship

'ANteve' and Bumiputera to sponsor badminton s'ship JAKARTA (JP): The Badminton Association of Indonesia (PBSI), ANteve and life insurance group Bumiputera signed an agreement yesterday to organize the Jakarta Junior Open badminton championship from June 30 to July 7.

An election campaign marred by violence and neglect

An election campaign marred by violence and neglect YOGYAKARTA (JP): The campaign's curtain has been raised to reveal brutal fighting between the parties' supporters, and at center stage is the fear of greater violence.

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.

Marcos willing to sing with Ramos

Marcos willing to sing with Ramos MANILA (AFP): The widow of former Philippine dictator Ferdinand Marcos said yesterday she was willing to sing a duet with President Fidel Ramos in an election campaign.

Megawati loyalists push on with cause

Megawati loyalists push on with cause JAKARTA (JP): Megawati Soekarnoputri loyalists, sidelined from participation in the election, are planning more rallies to prove they can muster the numbers and that their cause is not lost.

Sulawesi's cement plant

Sulawesi's cement plant JAKARTA (JP): Minister of Finance Mar'ie Muhammad yesterday visited the Bosawa cement project in Maros, South Sulawesi, which is scheduled to start production in July next year.Mar'ie, who was on his way to a Golkar rally in the province, was received by Bosawa Group...

Penis sheaths have Golkar color

Penis sheaths have Golkar color JAKARTA: Tribesmen in Irian Jaya know only too well how to please visiting Golkar chief Harmoko and other top party executives from Jakarta.Many of them attending a Golkar campaign in Wamena on Monday painted their koteka (penis sheaths) shiny yellow, the dominant...

Lonsum's income rises with palm oil prices

Lonsum's income rises with palm oil prices JAKARTA (JP): Publicly listed London Sumatra Indonesia (Lonsum) said yesterday its net income rose 28 percent to Rp 20.81 billion (US$8.6 million) in the first quarter this year over the same period last year.

Bambang's Osprey eyes Asian gas markets

Bambang's Osprey eyes Asian gas markets SINGAPORE (Reuter): Osprey Maritime Ltd, which is controlled by President Soeharto's son Bambang Trihatmodjo and his Indonesian associates, is targetting the emerging Asian gas markets."We see enormous growth in Asia for energy.

Bapepam punishes investors, brokerages over share scam

Bapepam punishes investors, brokerages over share scam JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) finally handed down yesterday penalties to investors, brokerage houses and the Jakarta Stock Exchange (JSX) management over the cornering of Bank Pikko shares early last month.

Soeharto stresses equal rights for all

Soeharto stresses equal rights for all JAKARTA (JP): President Soeharto has appealed to Indonesia's minority ethnic groups to strengthen nationalism and work together with the rest of the nation to face the challenges of the 21st century.

Psychics practicing in malls

Psychics practicing in mallsFrom PelitaIn recent weeks psychics have been practicing their art at several malls in Jakarta. Their activities drew widespread attention by the media.The mall managers said that the psychics were actually a sales gimmick to draw shoppers, who were interested in knowing...

Computer mistake takes away RI's gold

Computer mistake takes away RI's goldBy Primastuti Handayani DARWIN, Australia (JP): Indonesian gymnasts had to swallow a bitter pill at Arafura Games yesterday as they lost their team gold medal due to judge's miscalculation.The judges announced that Indonesia won gold with 92.

PPP needs own TV station

PPP needs own TV station MEDAN: The United Development Party (PPP) says its sick of state television station TVRI favoring Golkar in its campaign coverage.PPP functionaries have complained that every evening TVRI gives Golkar more air time and dramatic footage than it does to the PPP or the...

EU move on Timor car

EU move on Timor car It is now simply a matter of time before the United States, which has always claimed to be the vanguard of free trade, joins the move led by Japan and the European Union in asking the World Trade Organization panel to judge Indonesia's controversial national car policy.

Telkomsel-Motorola deal

Telkomsel-Motorola deal JAKARTA (JP): PT Telkomsel has signed a contract worth US$27 million with the American giant Motorola to expand the nationwide cellular operator's mobile telephone network.The project is aimed at increasing the Global System for Mobile (GSM) network capacity in Jakarta,...

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 14, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,200 75 351,000 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 305,500 Alumindo Light Metal 1,125 0 719,000...

Regional insurance for Asian ships

Regional insurance for Asian ships SINGAPORE (AFP): Asian shipowners are gearing up to launch a regional insurance market to underwrite their expanding fleets, save costs and challenge the dominance of Western insurers, officials said Wednesday.

Campaign schedule for Indonesia for May 15, 1997:

Campaign schedule for Indonesia for May 15, 1997: Party Campaign area Important campaigners -------------------------------------------------------------- PPP Sumatra, Bali, West and Ismail H. Metareum, Hamzah Haz, Ali East Nusa Tenggara, Hardi Kiaidemak, Yudo Paripurno, East Timor Djufrie...

Mudrick: Megawati-PPP alliance broker

Mudrick: Megawati-PPP alliance brokerBy Tedi Novan YOGYAKARTA (JP): The chairman of the United Development Party (PPP) Surakarta branch, Mudrick Setiawan Malkan Sangidoe, shot to nationwide fame recently by brokering the party's alliance with members of the split Indonesian Democratic Party (PDI).

Harmoko denies Golkar plotting 'Operation Dawn'

Harmoko denies Golkar plotting 'Operation Dawn' JAKARTA (JP): Golkar chief Harmoko denied yesterday that his party had concocted "operation dawn" to win votes by distributing food on election day."There's no such thing," he said yesterday.

Violence highlights the campaign

Violence highlights the campaignBy Arief Budiman SALATIGA (JP): The election campaign has been going on for more than two weeks now. What we see in this campaign is very interesting. Both government (Golkar) and nongovernment parties (especially PPP) have been hostile toward each other.

Film Center ready for Jakarta anniversary

Film Center ready for Jakarta anniversary JAKARTA (JP): Renovation of the 21-year-old Usmar Ismail Film Center in Kuningan, South Jakarta, will be completed for the capital's jubilee on June 22.The head of the center's foundation, Syaukat, said yesterday the new five-story office would also include...

Bank Niaga's problem loans

Bank Niaga's problem loans Thank you for publishing an article on Bank Niaga (May 9, 1997), however I would like to provide the following correction.On page 12 (article Bank Niaga wary of property sector), column 9, paragraph 2, it was stated that "Bank Niaga's head of corporate affairs,...

Deforestation in Indonesia

Deforestation in Indonesia Some time ago, I read in the papers that Surya Hutani Jaya of Indonesia and Siam Cement company of Thailand would jointly construct a pulp plant in Kutai, East Kalimantan with an investment of US$700 million.

Election campaign

Election campaign All Indonesian people have been feeling the atmosphere and seeing the campaigning activities going on for some time now. It is amazing how big the turnout is for the campaign. One day, Jakarta turned green, the next day it was yellow and then was followed by a shy red.

HK spies relocate to Taipei, Macao, Seoul and Jakarta

HK spies relocate to Taipei, Macao, Seoul and JakartaBy Edward Neilan TOKYO (JP): Spies are said to be leaving Hong Kong in droves ahead of the July 1 handover of the British Colony to Chinese rule.They are relocating to Taipei, Macao (which reverts to Chinese rule from Portuguese control in 1999),...

Kim's son to be summoned again

Kim's son to be summoned again SEOUL (Reuter): South Korean state prosecutors will again summon President Kim Young-Sam's son for questioning in connection with a probe into a scandal involving the younger Kim, a prosecution official said yesterday.

Summarecon denies conflicting reports

Summarecon denies conflicting reports JAKARTA (JP): Publicly listed PT Summarecon Agung has denied it published conflicting financial reports on its performance.A legal representative of Summarecon, Denny Kailimang, said yesterday that financial statements audited by Johan and Malonda and by KPMG...

Police still working on Busang case

Police still working on Busang case JAKARTA (JP): National Police Chief Lt. Gen. Dibyo Widodo said yesterday a preliminary investigation team on the Busang hoax case was still collecting information from all possible sources.

Thai PM to forge ties with Myanmar

Thai PM to forge ties with Myanmar BANGKOK (Reuter): Thai prime minister Chavalit Yongchaiyudh's visit to Myanmar later this week will focus on bilateral issues aimed at strengthening relations between the neighboring countries, government officials said yesterday.

EU to seek WTO panel on Timor car policy

EU to seek WTO panel on Timor car policy GENEVA (Agencies): The European Union will next week ask fellow members of the World Trade Organization (WTO) to agree to set up a panel to look into Indonesia's controversial national car policy, trade diplomats have confirmed.

Indosat posts higher first quarter profit

Indosat posts higher first quarter profit JAKARTA (JP): State-owned international telecommunications operator PT Indosat reported here yesterday a consolidated net profit of Rp 132.4 billion (about US$55 million) in the first three months of this year, a 15.

United Airlines agent

United Airlines agent JAKARTA (JP): United Airlines of the United States has appointed PT Cahaya Molek Angkasa Cemerlang as the carrier's general sales agent in Indonesia replacing PT Samudera Indonesia Dirgantara.

BMW's sales rise

BMW's sales rise JAKARTA (JP): BMW car sales in Indonesia rose 85.5 percent to 1,074 units during the first three months of this year from 579 in the same period last year.BMW's sole agent said the Indonesian market recorded the strongest growth compared to markets in Hong Kong, Malaysia,...

S'pore helps save Thailand's baht

S'pore helps save Thailand's baht BANGKOK (AFP): The central Bank of Thailand said yesterday that it had jointly intervened with the Monetary Authority of Singapore to save the baht from speculative attack.

Vehicle sales boost insurer's revenue

Vehicle sales boost insurer's revenue JAKARTA (JP): More vehicle sales in Indonesia are likely to boost PT Asuransi Astra Buana's premiums revenue this year, an executive said here yesterday.The company's president, Willy Suwandi Dharma, said the firm expected to generate about Rp 100 billion...

US$2.9b in loans pledged for small, medium firms

US$2.9b in loans pledged for small, medium firms JAKARTA (JP): Big businesses within the Jimbaran group will set aside about Rp 7 trillion (US$2.92 billion) in working capital loans and technical assistance this year to support small and medium enterprises (SMEs).

Games stickers reach restaurants

Games stickers reach restaurants JAKARTA (JP): Don't be surprised if a restaurant charges you Rp 5,000 for a SEA Games donation when you just finish your meal.A staffer of Nelayan restaurant, Central Jakarta, Yarti, said yesterday that SEA Games stickers were being sold to diners based on...

Bank CIC to raise Rp 70b from public

Bank CIC to raise Rp 70b from public JAKARTA (JP): Bank Century Intervest Corporation (CIC), expects to raise up to Rp 70 billion (US$28.79 million) from its initial public offering (IPO) early next month.