Indonesian Political, Business & Finance News

Archive: 17 May 1997

55 articles found

Centris to expand taxi fleet

Centris to expand taxi fleet JAKARTA (JP): PT Centris Multipersada Pratama, a publicly listed taxi operator, will get 700 more cabs this year as part of its expansion plan, the company said yesterday.Centris' president Andra Agussalam said some of the cabs would be new and some would be...

BCA makes RI Visa's 3rd largest network

BCA makes RI Visa's 3rd largest network JAKARTA (JP): Bank Central Asia's (BCA) 1,200 automated teller machines (ATM) throughout Indonesia joined the Visa global ATM network yesterday, making the country Visa's third largest in- country network in the Asia Pacific.

National windsurfers to get training in Europe

National windsurfers to get training in Europe JAKARTA (JP): Eight national windsurfers will prepare for the 19th Southeast Asian (SEA) Games for two weeks in the Netherlands, Denmark and France.Coach Iskandar Sitompul said yesterday eight of the team's 11 athletes would prepare in Europe.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 16, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,125 -75 8,500 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 0 Alumindo Light Metal 1,100 0 84,500 Alumindo...

Philippines gets WB loan

Philippines gets WB loan MANILA (AFP): The Philippines announced yesterday that the World Bank had approved a US$1.13 billion loan assistance package to finance 18 projects in the country from 1998 to 2000.The first six projects, amounting to $267 million, will start in 1998.

Stork taps Fokker service market in Asia

Stork taps Fokker service market in Asia SINGAPORE (AFP): A subsidiary of Dutch industrial group Stork N.V. launched an aircraft service center here yesterday to cater to the large fleet of Fokker planes in Asia after the demise of Fokker's manufacturing operations.Fokker Services Asia Pte. Ltd.

The military will keep supporting Golkar: Singh

The military will keep supporting Golkar: SinghBy Wirasti Wiryono JAKARTA (JP): Political scientist Bilveer Singh of the National University of Singapore has been studying Indonesia for years and is paying particular attention to the general election.

Indonesia by 2000

Indonesia by 2000 Perhaps this letter will be seen as just another "naive" scribble, as at least one Jakarta Post reader feels we letter writers are accustomed to sending. Well, he is free to make his own conclusions, I suppose.

RI asks ASEAN to help rubber processors

RI asks ASEAN to help rubber processors JAKARTA (JP): Indonesia has asked other members of the Association of Southeast Asian Nations (ASEAN) to establish a joint venture to help rubber processors, says a local rubber producer.Chairman of the Rubber Association of Indonesia (Gapkindo), O. K.

Getting to destiny on time

Getting to destiny on time JAKARTA: As the election campaign nears its end, more people realize they need new tricks to survive the gridlock caused by long motorcades.Residents, for instance, try to get to the office earlier and not go out for lunch for fear of being trapped in the traffic.

Don't stop campaigning: Amien

Don't stop campaigning: Amien UJUNGPANDANG (JP): Stopping the campaign for fear of more violence would have adverse political consequences, political observer Amien Rais said here yesterday."If campaigning is stopped...

Three-tier transit project not in revised urban plan

Three-tier transit project not in revised urban plan JAKARTA (JP): The widely publicized three-tier transit system proposal has not been included in the 1985/2010 revised urban spatial plan for the city.The megaproject, estimated to cost Rp 6.05 trillion (US$2.

No indication of criminal act in Busang case: Police

No indication of criminal act in Busang case: Police JAKARTA (JP): Preliminary investigations into the Busang scandal have so far not found any indication of criminal acts committed in Indonesia.The head of the National Police Headquarters general information department, Col.

Bre-X does not show systemic flaw: Regulators

Bre-X does not show systemic flaw: Regulators TORONTO (Reuter): Canadian securities regulators said on Thursday the saga of Bre-X Minerals Ltd and its worthless Busang gold find does not indicate "any systemic flaw" in Canada's regulatory system.

Bribery charges hit Yemeni team

Bribery charges hit Yemeni team JAKARTA (JP): A Yemen newspaper has reported that bribery was involved in the Asian zone World Cup soccer qualifying match between Yemen and Indonesia here in April.Al-Ayyam, an independent newspaper, said Wednesday that several Yemeni officials had paid Yemen...

Proton to enter India

Proton to enter India NEW DELHI (DPA): Malaysia has agreed in principle to locate a production unit of its Proton "national car" in the southern Indian coastal town of Vishakapatnam in Andhra Pradesh state, the Economic Times newspaper reported yesterday.

Garuda and Northwest set up alliance

Garuda and Northwest set up alliance JAKARTA (JP): National air carrier Garuda Indonesia has set up an alliance with the United States' Northwest Airlines in a bid to improve services.Northwest's managing director for Southeast Asia and greater China, James P.

The Philippines defuses Spratly tension

The Philippines defuses Spratly tensionBy Cecilia Quiambao MANILA (JP): The arrival of armed Chinese vessels in the disputed Spratly Islands in the end of April ignited seven days of tension in the South China Sea, provoking a round of saber rattling and a flurry of diplomatic activity between...

Military gives safety assurance

Military gives safety assurance JAKARTA (JP): The military guaranteed national security yesterday despite the rising incidence of mob violence ahead of the May 29 general election.Armed Forces (ABRI) spokesman Brig. Gen.

Mega project in Irian

Mega project in Irian I read with interest an article in The Jakarta Post (April 8, 1997) about the proposal of a mega project around the Memberamo River by State Minister of Research and Technology, B.J. Habibie.

Golkar proposes 12-year compulsory education

Golkar proposes 12-year compulsory education JAKARTA (JP): Golkar is designing a policy to extend children's compulsory education from nine to 12 years, party secretary Ary Mardjono said yesterday.He said Golkar would encourage the government to incorporate it in the 1998 Guidelines of State...

Spiritual power for PPP supporters

Spiritual power for PPP supporters DEMAK, Central Java: Thousands of United Development Party (PPP) supporters here believe they have the spiritual power to sustain any physical attack.Spiritual leaders gave them the power in a ceremony Thursday.

PPP denies making alliance with Megawati

PPP denies making alliance with Megawati JAKARTA (JP): An angry Ismail Hasan Metareum lashed out yesterday at people circulating placards which said his United Development Party (PPP) had formed an alliance with Megawati Soekarnoputri to topple President Soeharto.

Share prices on JSX close slightly higher

Share prices on JSX close slightly higher JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) rose slightly yesterday as many heavyweight stocks lost ground in active trading.Brokers said that a number of blue chips were under selling pressure as investors dumped heavyweight stocks...

RI wins 10 more golds at Arafura Games

RI wins 10 more golds at Arafura GamesBy Primastuti Handayani DARWIN, Australia (JP): Indonesia won 10 golds and one bronze on the seventh day of the Arafura Games, which end tonight.Indonesia's gymnast starlet Helda Sulistina won her second gold in the vault event yesterday at the Darwin High...

Quick removal of containers encouraged

Quick removal of containers encouraged JAKARTA (JP): President Soeharto has told the Ministry of Transportation to force owners of containers at Tanjung Priok port to remove their containers immediately after arrival to reduce the pile-up.

SEA Games stickers

SEA Games stickersFrom PelitaI wholly agree with a news item informing of the "cessation of SEA Games XIX stickers distribution" stated by the Jakarta city council, which appeared in one of the capital's dailies on May 14, 1997.

Mexico's cement giant eyes RI

Mexico's cement giant eyes RI MONTERREY, Mexico (Reuter): Mexico-based Cemex SA, one of the world's largest cement markers, is taking aim at booming Asia, most probably Indonesia after previous assaults on the Spanish and Latin American markets.

Contribution for thought

Contribution for thought When I paid my telephone bill earlier this week, I was surprised to see that an extra Rp 1,000 was added on to the bill, as a contribution to the SEA Games. Like it or not, you have to pay it and there is no point in arguing about it.

Satelindo gives service, commitment

Satelindo gives service, commitment JAKARTA (JP): A cellular operator's success depends on its commitment to its users and not on how many subscribers it has.Competition among Indonesia's mobile cellular telephone operators is getting fiercer with innovative services and features offered to...

Bank Central Asia helps salvage ailing Bank Yama

Bank Central Asia helps salvage ailing Bank Yama JAKARTA (JP): Bank Central Asia (BCA), Indonesia's largest private bank, is involved in rescuing ailing Bank Yama, BCA president Abdullah Ali confirmed here yesterday.

Campaign schedule for Indonesia for May 17, 1997:

Campaign schedule for Indonesia for May 17, 1997: Party Campaign area Important campaigners -------------------------------------------------------------- PPP Java, Maluku, Irian Jaya Ismail H. Metareum, Aisyah Aminy, Hamzah Haz, Ali Hardi Kiaidemak, Yudo Paripurno, Djufrie Asmoredjo, Jusuf Syakir,...

Truck driver killed in toll road inferno

Truck driver killed in toll road inferno JAKARTA (JP): A driver was killed and his assistant seriously injured when a fuel truck burst into flames on the Tangerang- Jakarta toll road yesterday.A Tangerang Police precinct sergeant said that according to witnesses, Alex bin Otang was speeding when...

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.

European parliament urges EU to condemn Indonesia

European parliament urges EU to condemn Indonesia STRASBOURG, France (Agencies): The European Parliament urged the European Union Thursday to speak out against the Indonesian government, which it accused of stepping up repression in the run-up to general elections on May 29, Reuters reported.

Speculators hit as central banks wage war

Speculators hit as central banks wage war SINGAPORE (Reuter): Central banks appeared to have gained the upper hand in Southeast Asia's currency war yesterday as speculators who had sold regional currencies aggressively found themselves deprived of short-term funds.

Japan delays WTO probe into RI's national car policy

Japan delays WTO probe into RI's national car policyBy Russell Williamson JAPAN has offered the Indonesian government a small reprieve in its efforts to bring the "national car" controversy before a WTO panel for judgment.

Labor policy may be defective

Labor policy may be defectiveBy Vedi R. Hadiz JAKARTA (JP): Amid the election campaign frenzy, with political parties demonstrating support supposedly articulating people's aspirations, few have noted the spate of labor strikes occurring along side the campaign trail.

Local firms join forces in multimedia business

Local firms join forces in multimedia business JAKARTA (JP): Indonesia is developing its multimedia services. A number of partnerships have been made to prepare for the multimedia business.There are at least five firms setup to run multimedia or multimedia-related services.

Local text books give wrong information on South Korea

Local text books give wrong information on South Korea JAKARTA (JP): South Korea is often wrongly perceived in Indonesia because many books on literature, including school books, have factual mistakes, South Korea's Deputy Ambassador to Indonesia Hangjohng Yo said yesterday.

PLN to involve private firms in building Sumatra's power grid

PLN to involve private firms in building Sumatra's power grid JAKARTA (JP): The state-owned electricity company PLN will involve private companies in the development of the Sumatra power grid, the company's president Djiteng Marsoedi said yesterday.

El Nino unlikely to strike Indonesia: Expert

El Nino unlikely to strike Indonesia: Expert JAKARTA (JP): Indonesia is unlikely to experience fallout from weather changes caused by El Nino in the near future, a meteorology official said yesterday.American news services reported yesterday the possible formation of El Nino in the Pacific Ocean.

Mien wants capital punishment for rapists

Mien wants capital punishment for rapists JAKARTA (JP): Rapists will be sentenced to death if Golkar functionary Mien Sugandhi has her way.She said yesterday that sentencing for rapists was "far too lenient" compared to the trauma and misery which the victims bore all their lives.

Margamas to sell shares

Margamas to sell shares JAKARTA (JP): A property company, PT Margamas Griya Realty, plans to sell about 30 million new shares or about 30 percent of its enlarged capital at the beginning of 1998 to raise funds to develop its projects.

Tips to protect cars during the campaign

Tips to protect cars during the campaignBy John Aglionby ON Tuesday, this newspaper printed a photo of a car vandalized by Golkar supporters during an election campaign street procession.This was by no means an isolated case.

26 skeletons found so far

26 skeletons found so far MEDAN: Police officers have found 26 skeletons of people believed to be the victims of shaman Ahmad Suraji, alias Nasib Kelewang alias Datuk, who lives in Sei Semayang village, Deli Serdang regency.

Soerjadi's 'bald devil'

Soerjadi's 'bald devil' JAKARTA: As the 1997 general election turns into a security nightmare, the authorities face the challenge of dealing with an unexpected force, the "bald devil".From President Soeharto right down to the common man, the bald devil has been blamed for fouling up the election.

RP women told look less sexy

RP women told look less sexy MANILA (Reuter): The Philippines told women civil servants on Wednesday not to wear seductive clothes to work if they wanted to avoid unwelcome sexual advances.The head of the civil service and one of the country's most senior women officials, Alma de Leon, reminded...

Dharmala sees profit up

Dharmala sees profit up JAKARTA (JP): Publicly listed insurance firm PT Dharmala expects a 50 percent net profit increase this year to Rp 11 billion from Rp 7.17 billion (US$2.99 million) in 1996.President of the life insurance firm, Suhanda Wiraatmadja, said here yesterday that net profit rose 160...

Dismal turnouts at PDI rallies

Dismal turnouts at PDI rallies SURABAYA (JP): Poor turnouts continued to stain the Indonesian Democratic Party's (PDI) campaign yesterday, with a rally here attracting only 18 people.To liven up the rally on Jl. Bintoro, organizers persuaded children to come along in exchange for free, red T-shirts.

Passengers divided on plans to limit taxis at airport

Passengers divided on plans to limit taxis at airport JAKARTA (JP): Taxi consumers are divided on plans to limit the number of taxi firms operating at the Soekarno-Hatta International Airport starting next month.

Jewelry worth Rp 100m stolen

Jewelry worth Rp 100m stolen JAKARTA (JP): Two men broke into a house on Jl. Karbela, in Setiabudi, South Jakarta, Thursday and stole two diamond rings and 102 grams of gold jewelry worth a total of Rp 100 million (US$41,666).

Telecoms operators battle for businees

Telecoms operators battle for businees JAKARTA (JP): Telecommunications companies in Indonesia are facing various challenges to continue and maintain their business.PT Satelindo sees the rapid change of information and telecommunications technology as the main threat currently faced by any...

Students arrested in stolen car

Students arrested in stolen car JAKARTA (JP): Police have arrested four men, three of them students at a private university in Cirebon, for burglary.They were caught on the Cikampek toll road Wednesday at kilometer 30 in Cibitung, Bekasi, while fleeing the scene of the crime on Jl.

Indonesia prepares national information network

Indonesia prepares national information network JAKARTA (JP): Indonesia is preparing a massive telecommunications plan to further enter the Information Technology era. The project, Nusantara 21, is designed to connect the whole archipelago to the information superhighway.