Indonesian Political, Business & Finance News

Archive: 6 May 1997

63 articles found

CMNP rating outlook

CMNP rating outlook JAKARTA (JP): The country's only rating agency PT Pemeringkat Efek Indonesia (PT Pefindo) has given a positive outlook on the progress of ringroad tollway project of the private toll operator PT Citra Marga Nusaphala Persada (CMNP) in eastern part of Surabaya, East Java.

Campaign schedule for Indonesia for May 6, 1997:

Campaign schedule for Indonesia for May 6, 1997: Party Campaign area Important campaigners ---------------------------------------------------------------- PPP Sumatra, Bali, West and Ismail H. Metareum, Djufrie Asmoredjo, East Nusa Tenggara, Tosari Widjaja, M.

Men wearing earrings 'haram'

Men wearing earrings 'haram' PALU, Central Sulawesi: The Central Sulawesi chapter of the Indonesian Ulemas Council has issued a new ruling that, according to Islamic teaching, a man is prohibited from wearing earrings.

Australian gold explorers socked by Busang fraud

Australian gold explorers socked by Busang fraud MELBOURNE (Agencies): The Australian mining industry reacted with shock and disbelief yesterday to news that Indonesia's fabled Busang gold deposit was a hoax.

Habibie to raise funds from public for car project

Habibie to raise funds from public for car project JAKARTA (JP): PT Maleo, the developer of the Maleo "national car" Maleo, will float most of its shares to raise funds to develop the car, State Minister of Research and Technology B.J. Habibie said here yesterday.

Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Atlet Century Park, Jl. Pintu Satu Senayan, Central Jakarta: - Jasmine Lounge; Lucy and Bobby Trio Vocal, Monday, Friday, at 8 p.m. to midnight, Sunday, at 7 p.m. to 11 p.m., Silvie and Armonia Trio Vocal, Tuesday, Wednesday, Thursday, at 8 p.m.

Contests held for New Year fiesta

Contests held for New Year fiesta JAKARTA (JP): The Ministry of Religious Affairs is organizing a series of events including seminars, bazaars and competitions to mark Islamic New Year, which falls on Thursday.

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 News: Lintas Ekonomi 4:00 Regional News 4:30 Science and Technology 5:00 English Lessons 5:25 Science World 5:30...

RI Everest climbers return to Kathmandu

RI Everest climbers return to Kathmandu KATHMANDU (AFP): The first Indonesian team to conquer Mount Everest from the Nepalese side returned to Kathmandu on Sunday in high spirits after surviving a blizzard at the summit.

Mine fire will not affect power

Mine fire will not affect power JAKARTA (JP): A fire which hit a coal terminal in Tarahan, Lampung Sunday, would not affect the Suralaya coal-fired power station in West Java, an official said yesterday.

Salim group quits PT Gelael

Salim group quits PT Gelael JAKARTA (JP): PT Gelael Supermarket, the domestic grocery store pioneer, announced yesterday that the Salim Group had pulled out of the company.Gelael's president, Dick Gelael, said his company and Salim Group had agreed to end their cooperation on March 31 this year and...

First woman heads police subprecinct

First woman heads police subprecinct JAKARTA (JP): A police woman has been installed as chief of the Cilandak police precinct, South Jakarta.City Police spokesman Lt. Col. E. Aritonang said yesterday that Capt. Nurhayati was the first policewoman to head a police subprecinct.

Soerjadi calls for revision of military's political role

Soerjadi calls for revision of military's political role MATARAM, West Nusa Tenggara (JP): The government-recognized chief of the Indonesian Democratic Party (PDI), Soerjadi, called for the military yesterday to review its political role.

Rule violations abound in campaign's first 9 days

Rule violations abound in campaign's first 9 days JAKARTA (JP): The government and the three parties agreed yesterday there had been an abundance of rule infringements in the first third of the 27-day election campaign."Improve your campaigning and stop the violations," Yogie S.M.

GE Lokindo making 2 locomotives a month

GE Lokindo making 2 locomotives a month MADIUN, East Java (JP): PT GE Lokomotif Indonesia (Lokindo), an Indonesia-U.S. locomotive maker, is making two locomotives a month to meet a delivery order of 10 to state-owned railway firm Perumka in August.Lokindo is a joint venture company owned by U.S.

Newmont's gold mine suspends its operation

Newmont's gold mine suspends its operation JAKARTA (JP): Gold mining company PT Newmont Nusa Tenggara, controlled by U.S.-based Newmont Mining Corp., said it had suspended operations at its gold mine on Sumbawa island while it waited for a government permit.

Aussie warship rescues passengers

Aussie warship rescues passengers SURABAYA: A visiting Australian warship came to the rescue of hundreds of passengers trapped in an Indonesian ferry which caught fire in the Straits of Madura Sunday afternoon.

General election legally, morally defective: Megawati

General election legally, morally defective: Megawati JAKARTA (JP): The ousted chief of the Indonesian Democratic Party (PDI), Megawati Soekarnoputri, said the general election was politically, legally and morally defective and was trampling on human rights.

Gujral hopes for warmer ties with Pakistan

Gujral hopes for warmer ties with Pakistan NEW DELHI (Agencies): Indian Prime Minister Inder Kumar Gujral has said he hopes a face-to-face meeting with his Pakistani counterpart next week will lead to warmer relations between the longtime enemies.

'Golkar should not dominate the legislature': Sultan

'Golkar should not dominate the legislature': Sultan YOGYAKARTA (JP): Sri Sultan Hamengkubuwono X, the king and supreme leader of the Yogyakarta sultanate, is also the local Golkar leader but is respected for his fair treatment of the other two political parties: the United Development Party (PPP)...

Shares strengthen on Jakarta stock market

Shares strengthen on Jakarta stock market JAKARTA (JP): Share trading on the Jakarta Stock Exchange (JSX) strengthened yesterday with the main price index rising 4.49 points.Securities brokers said the market was marked with bargain hunting on heavyweight stocks and speculative buying on selected...

Bull shelters under banyan tree

Bull shelters under banyan tree TASIKMALAYA, West Java: Torn apart by a leadership rift and cash strapped, the Indonesian Democratic Party (PDI) has found an ingenious way to raise its flags.Along some main streets here, PDI flags fly on the same poles as Golkar's.

Bintang won't seek presidential pardon

Bintang won't seek presidential pardon JAKARTA (JP): Rebel politician Sri Bintang Pamungkas said yesterday he would not seek a presidential pardon after being officially declared a criminal.Bintang was moved yesterday from a cell at the Attorney General's Office to Cipinang Penitentiary in East...

Institution vows to meet requirement

Institution vows to meet requirement JAKARTA (JP): An educational institution said yesterday it would continue with its management training while trying to increase its faculty members as requested by the Ministry of Education and Culture.

RI coach draws up new strategy for Sudirman Cup

RI coach draws up new strategy for Sudirman Cup JAKARTA (JP): Indonesia is preparing a special strategy to face Danish, South Korean and Chinese shuttlers in the Sudirman Cup badminton championship in Glasgow, Scotland, from May 19 to May 25.

Hexindo gets $37m loan

Hexindo gets $37m loan JAKARTA (JP): Heavy equipment distributor PT Hexindo Adiperkasa has secured a US$37 million syndicated loan arranged by the Sanwa Bank's Singapore branch and Japan's LTD.The long term loan, provided by ten Jakarta and Singapore banks in an agreement signed in Singapore on...

Learning from comparative studies

Learning from comparative studiesBy Mochtar Buchori JAKARTA (JP): International comparative studies about educational performance are always interesting, but very hard to do. The reason is that performance of educational systems is so much influenced by cultural factors that to make a meaningful...

Separatist hope keeps East Timor issue unresolved

Separatist hope keeps East Timor issue unresolvedBy Meidyatama Suryodiningrat During a recent visit to Dili, East Timor, The Jakarta Post had the opportunity to talk with the deputy military commander of the province, Col. Soekotjo HS.

Two drown in boat accident

Two drown in boat accident CILACAP, Central Java: Two fishermen drowned when their motorboat overturned on the Cipret river, near the Indian Ocean here Sunday.Locals saved Darsun, 39, but Sutrisno, 36, and Taufik Hidayat, 35, drowned.

Films on trains

Films on trainsFrom KompasOn March 23, 1997, I took the 12:30 p.m. Parahyangan train from Gambir station to Bandung in West Java. Video clips were shown, along with a film named Hellraiser-Bloodline.The film had atrocious scenes. A man was knifed in the throat and his head was cut. Blood spilled.

PDI supporters' arrest protested

PDI supporters' arrest protested JAKARTA (JP): The Indonesian Legal Aid Foundation protested yesterday the violent arrest of 16 Indonesian Democratic Party (PDI) supporters in North Jakarta on Sunday.The foundation said police had beaten people while arresting them during a demonstration outside a...

Expansion of forest-based industries to be controlled

Expansion of forest-based industries to be controlled JAKARTA (JP): Timber-related industries will be exempted from government regulation No.13/1995, which allows industrial companies to expand capacity up to 30 percent without a license, a minister said.

'PDI activists are like chicken'

'PDI activists are like chicken' PURBALINGGA, Central Java: Banyumas police chief Col. Binarto complained yesterday about the Indonesian Democratic Party (PDI) local chapter's decision to cancel its campaign Sunday despite receiving police permits.

Hyundai gets new contract

Hyundai gets new contract SEOUL (AFP): South Korea's Hyundai Precision Industries Co. has concluded a contract to sell jeeps to China, Yonhap News Agency reported yesterday.Under the contract with a provincial firm in Shandong, 200 Galloper V-6 jeeps will be exported this year, with the number...

Korean Red Cross negotiations fail to secure accord

Korean Red Cross negotiations fail to secure accord BEIJING (Reuter): Negotiators from the Red Cross organizations of rival North and South Korea failed yesterday to reach agreement on shipments of grain aid to the hungry and isolated North, officials said.

At least 250 job seekers cheated by brokers: Soni

At least 250 job seekers cheated by brokers: Soni JAKARTA (JP): At least 250 people applying for the State Minister of Agrarian's office/National Land Agency have been cheated by brokers, Minister Soni Harsono said yesterday.

Indonesia to ratify Bern Convention on copyright

Indonesia to ratify Bern Convention on copyright JAKARTA (JP): The government will soon ratify the 1886 Bern Convention on copyrights protection, the vice cabinet secretary of the State Secretariat Bambang Kesowo said yesterday.

Golkar campaigner quizzes reporters

Golkar campaigner quizzes reporters JAKARTA: Golkar campaigners are trying everything to win the hearts and minds of reporters, including playing question and answer for prizes.Kemala Motik Abdul Gafur, the chief of Indonesian Women for Development, Golkar's women's wing, quizzed journalists about...

Soerjadi's men run half naked

Soerjadi's men run half naked SEMARANG: Ten youths loyal to Soerjadi, the government- recognized chief of the Indonesian Democratic Party (PDI), who took to the streets waving PDI banners yesterday were stripped of their party T-shirts by Megawati loyalists.

China urged to exercise restraint over Spratlys

China urged to exercise restraint over Spratlys KUALA LUMPUR (AFP): Malaysia has urged China to exercise restraint in the Spratly islands after a recent row with the Philippines but does not believe Beijing poses a security threat to the region, reports said yesterday.

ASEAN starts course for diplomats

ASEAN starts course for diplomats JAKARTA (JP): The ASEAN Secretariat in Jakarta yesterday began a five-day course for junior ASEAN diplomats aimed at forging a better understanding of the region's foremost organization.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on May 5, 1997: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 1,025 0 0 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 41,000 Alumindo Light Metal 1,125 0 129,000 Alumindo...

Death of legislator in Saudi Arabia probed

Death of legislator in Saudi Arabia probed JAKARTA (JP): Garuda Indonesia has offered to fly four children of a legislator and his wife who died while on the haj pilgrimage to Saudi Arabia to pay their last respects to the couple.

Indonesia and the Internet

Indonesia and the Internet This is a postscript to my earlier letter describing great difficulties in connecting to the Internet, and it may serve as advice for readers experiencing similar problems.The problem was that with Meganet, I could connect easily at my office, but at home, connection was...

SE Asian rubber market looks grim

SE Asian rubber market looks grim SINGAPORE (Reuter): The end of a strike at U.S. tire-maker Goodyear and a Thai price rise could give the Southeast Asian rubber market a temporary boost, but the underlying mood is fairly grim, regional traders said yesterday.

PPP uses Megawati's name at election rally in Semarang

PPP uses Megawati's name at election rally in Semarang SEMARANG (JP): An United Development Party (PPP) rally took an interesting twist here yesterday when it used the name of the ousted Indonesian Democratic Party (PDI) chief, Megawati Soekarnoputri, to attract voters.

Two-legged Siamese twins Indonesia's first

Two-legged Siamese twins Indonesia's first JAKARTA (JP): Mujito and Eka, who died Saturday night, were the country's first Siamese twins born with only one pair of legs, the chairman of the Indonesian Medical Association, Azrul Azwar, said yesterday.

Continued support for Palestine urged

Continued support for Palestine urged JAKARTA (JP): A United Nations Asian seminar and Non- Governmental Forum (NGO) forum on Palestine opened here yesterday with calls for continued mobilization of support for the Palestinian cause against what is seen as continued Israeli aggression.

Busang gold find a hoax: Report

Busang gold find a hoax: Report TORONTO (Reuter): The Busang gold discovery in Indonesia -- touted by Canada's Bre-X Minerals Ltd. as the richest find of the century -- was falsified on a scale "without precedent in the history of mining" according to a report released on Sunday.

Nusamba, Freeport quit Busang gold project

Nusamba, Freeport quit Busang gold project JAKARTA (JP): Indonesia's Nusamba Group and Freeport-McMoRan Copper and Gold decided yesterday to quit the Busang gold project after Bre-X Minerals Ltd.'s claim of a huge gold deposit in Busang proved to be a hoax.

Rp 15,000 and more for street rallies

Rp 15,000 and more for street rallies JAKARTA: It seems that anyone can capitalize from campaigning these days; a small investment can mean regular income.An ojek (motorcycle taxi) driver in Palmerah, West Jakarta, has bought some green and yellow bandanas, which he carries every day.

Tile maker gets ISO 9002

Tile maker gets ISO 9002 JAKARTA (JP): Porcelain tile maker PT Intikeramik Alamasri Industri received International Standards Organization (ISO) 9002 certification for its industrial management yesterday.

Delay ownership transfer tax law until 1999: REI

Delay ownership transfer tax law until 1999: REI JAKARTA (JP): Real Estate Indonesia (REI), an association of Indonesian developers, asked the government yesterday to delay introducing a tax on land and building transfers until January 1999.

Geologist denies involvement in Busang fraud

Geologist denies involvement in Busang fraud TORONTO (Reuter): Bre-X Minerals Ltd head of exploration John Felderhof said he was not involved in a fraud and personally still thinks there is significant gold at Bre-X's Busang property in Indonesia.

More violence in Ujungpandang

More violence in Ujungpandang UJUNGPANDANG (JP): Two people were injured and dozens of traffic lights vandalized in violence here yesterday which marred Golkar's third campaign round.Thousands of Golkar supporters smashed traffic lights and vandalized two vans after a rally in Sambungjawa soccer...

Asian palm oil markets at top end of range

Asian palm oil markets at top end of range KUALA LUMPUR (Reuter): Asian palm oil markets are seen trading firm this week, though demand may begin to dry up as the price of Malaysia's benchmark July futures heads up towards closer to 1,300 ringgit a ton, regional traders said.

KL speeds up expat permit approval

KL speeds up expat permit approval KUALA LUMPUR (AFP): Labor-starved Malaysia simplified yesterday procedures for expatriates to apply for work permits as part of efforts to hasten approvals following complaints from local industries.

PDI campaigner sings alone

PDI campaigner sings alone JAKARTA: Many people at rallies do not believe in the parties organizing them. They follow the "fiesta of democracy" for the thrill of joining thousands of people at rallies or for other reasons.

Female aviator flies here today on global journey

Female aviator flies here today on global journeyBy Aditiatama Santoso Marsoem RALEIGH, North Carolina (JP): If everything goes according to plan, Linda Finch, the second woman to attempt to fly around the world in a Lockheed Electra 10E, will land in Jakarta today.

Hotels occupancy rates drop sharply during campaign

Hotels occupancy rates drop sharply during campaign JAKARTA (JP): The election campaign is increasing political tension and hurting the business of hotels, which are suffering up to 50 percent lower occupancy rates, executives said yesterday.

Marzuki questions PRD trial verdicts

Marzuki questions PRD trial verdicts The court verdicts meted to nine activists of the Democratic People's Party (PRD) charged with subversion, ranging between 18 months to 13 years of imprisonment, have come as a surprise to many.

Prosecutor seeks five years jail for Zarina

Prosecutor seeks five years jail for Zarina JAKARTA (JP): The prosecution has asked the West Jakarta District Court to sentence budding TV actress Zarina to five years jail for possessing Ecstasy.Prosecutor Rizia Djamil said Zarina, 25, violated the 1992 Health Law by possessing Ecstasy but did not...

Privatization plan of city water firm hampered by talks

Privatization plan of city water firm hampered by talks JAKARTA (JP): Negotiations on investment have hampered the planned privatization of city-owned water company PAM Jaya, deputy governor of economic and development affairs Tb. M. Rais said yesterday.