Indonesian Political, Business & Finance News

Archive: 17 June 1997

58 articles found

BDNI eyes Rp 350b profit this year

BDNI eyes Rp 350b profit this year JAKARTA (JP): Bank Dagang Nasional Indonesia (BDNI) of the widely diversified Gajah Tunggal group expects an 80 percent net profit increase this year to Rp 350 billion (US$145.83 million), from Rp 190.4 billion in 1996.

20 nations to join cooperatives expo

20 nations to join cooperatives expo JAKARTA (JP): Representatives of 20 nations will join 500 cooperatives and small enterprises in an exhibition in Jakarta next month marking the half century of Indonesian cooperatives.

Thailand, S'pore sign $700 million joint venture deal

Thailand, S'pore sign $700 million joint venture deal BANGKOK (AFP): Thai and Singaporean firms agreed yesterday to develop a US$700 million industrial estate which Bangkok hopes will help turn its eastern coast into Southeast Asia's top industrial hub.

Aussie navy chief gets S'pore medal

Aussie navy chief gets S'pore medal SINGAPORE (DPA): Singapore has awarded its Meritorious Service (Military) Medal to the chief of Australia's navy, Vice Admiral Rod Taylor, officials in the island republic said yesterday.

Power sharing could be a key to stability

Power sharing could be a key to stabilityBy Makmur Keliat SURABAYA (JP): The outcome of the election has conveyed disturbing signals. On the one hand, there is continuity. This has been shown by Golkar's incontestable position.

Subagyo gets historic mansion

Subagyo gets historic mansion YOGYAKARTA: Indonesian tycoon Probosutedjo has bought the mansion of the late General Soedirman, the Armed Forces' founding father, for the Army's new deputy chief, Lt. Gen. Subagyo Hadisiswoyo.

RI wants to continue bilateral car row talks

RI wants to continue bilateral car row talks JAKARTA (JP): Indonesia will continue bilateral talks on its national car policy with Japan, the European Union and the United States, if the World Trade Organization's (WTO) dispute panel can be stopped if the talks end in an agreement.

No policy changes in Army under Wiranto: Spokesman

No policy changes in Army under Wiranto: Spokesman JAKARTA (JP): The new chief of staff, Gen. Wiranto, will not change the Army's strategies, Army spokesman Brig. Gen. Robik Mukav said yesterday."The Army's short, medium and long-term strategies have been periodically established by the Army...

Aberson pleads freedom of opinion

Aberson pleads freedom of opinion JAKARTA (JP): The Constitution guarantees legislators the right to criticize and express different opinions to the president's and other supreme state institutions', says a legislator accused of defaming President Soeharto.

Laksamana not Admiral

Laksamana not Admiral In my article titled Soerjadi vs political scientists, published by The Jakarta Post (Monday, June 9), there were a few translation errors.The most disturbing one was the name of Laksamana Sukardi which was inadvertently translated into Admiral Sukardi.

Writing contest winner reads comics

Writing contest winner reads comics JAKARTA (JP): First prize winner of a writing competition on reading said yesterday that she liked reading comic strips best.Yulista Juviani Jane, 17, said she liked reading comic strips, because they were amusing, even though they were unchallenging to read.

UAE to buy IPTN aircraft: Tarmizi

UAE to buy IPTN aircraft: Tarmizi JAKARTA (JP): United Arab Emirates (UAE) will buy seven aircraft from state-owned airplane manufacturer IPTN but has yet to announce which types, Minister of Religious Affairs Tarmizi Taher said here yesterday.

Singapore's Lee to visit Indonesia

Singapore's Lee to visit Indonesia SINGAPORE (Reuter): Singapore elder statesman Lee Kuan Yew will start a four-day visit to Indonesia today, the Singapore government said in a statement yesterday.It said Lee, prime minister from 1959 to 1990, would be in Jakarta to attend a meeting of the JP...

TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Mooncat 3:00 News: Lintasan Berita 3:10 Teenagers' Program: Remaja Indonesia 3:35 Music: Pop Songs 4:00 Regional News 4:30 Science and Technology 5:00 English Lessons 5:25 Variety Show: Science World 5:30...

Vietnamese bankers held in scandal

Vietnamese bankers held in scandal HO CHI MINH CITY, Vietnam (Reuter): Banking officials in Ho Chi Minh City said yesterday that police had detained seven senior banking executives in the latest twist to a debt scandal surrounding two of Vietnam's largest conglomerates.

Pohang Iron forms venture to make stainless steel

Pohang Iron forms venture to make stainless steel JAKARTA (JP): PT Metro Dwiwidjaja and South Korea's Pohang Iron and Steel Co Ltd (Posco) signed an agreement yesterday to establish a joint venture company to produce cold rolled stainless steel.

Nationalism 'must not restrict' foreign investors

Nationalism 'must not restrict' foreign investorsBy Riyadi NUSA DUA, Bali (JP): The recent rise in nationalistic sentiment would not drive the government to impose a restrictive foreign investment policy, economist Mari E. Pangestu said yesterday.

Thai, S'pore leaders agree to boost regional investment

Thai, S'pore leaders agree to boost regional investment BANGKOK (Agencies): Thailand and Singapore agreed yesterday to boost cooperation to gain a better foothold in Southeast Asia's lucrative markets and to help Myanmar, Cambodia and Laos integrate into ASEAN, officials said.

Tauziat beats Yayuk to win Classic title

Tauziat beats Yayuk to win Classic title BIRMINGHAM, England (Reuter): France's Nathalie Tauziat beat Indonesia's Yayuk Basuki 2-6 6-2 6-2 to win the DFS Classic at Edgbaston on Sunday, a year after she was beaten in the 1996 final.

Contemporary theater

Contemporary theater On a four-month trip from England around the world studying contemporary theater in India, Indonesia, Canada and the U.S., I was interested to read in The Jakarta Post, (Sunday, June 15) about the struggle for survival of traditional forms of theater here.

RI aims to win 150 golds at 19th SEA Games

RI aims to win 150 golds at 19th SEA Games JAKARTA (JP): The National Sports Council (KONI) predicted yesterday Indonesia could win nearly 150 gold medals at the 19th Southeast Asian (SEA) Games here in October.

Fresh call for govt to drop Soerjadi

Fresh call for govt to drop Soerjadi JAKARTA (JP): Supporters of Megawati Soekarnoputri asked the government yesterday to dissolve the Indonesian Democratic Party's (PDI) leadership under Soerjadi after the party's poor showing in last month's general election.

Law and land sales in Palestine debated

Law and land sales in Palestine debated RAMALLAH, West Bank (AFP): The Palestinian legislature began debating yesterday a radical law which would declare all sales of land in "Palestine" to Israelis as "national treason.

Bait and switch advertising

Bait and switch advertising In April this year, Indovision distributed a brochure offering existing customers of their cable service the opportunity to upgrade their existing decoders to digital reception.

Australia, RI to boost trade

Australia, RI to boost trade NUSA DUA, Bali (JP): Australia and Indonesia agreed here yesterday to seek a mutual recognition agreement on standards and to remove non-trade barriers to improve their two-way trade.

Microsoft sets alliance with Indonesia's Indosat

Microsoft sets alliance with Indonesia's Indosat JAKARTA (JP): State-owned PT Indosat telecommunications company has set up a strategic alliance with multi-billion-dollar U.S. software company Microsoft to provide Indonesia Interactive, a new interactive Internet service.

Don't politicize manpower bill, says Abdul Latief

Don't politicize manpower bill, says Abdul Latief JAKARTA (JP): The government ushered in the House of Representatives' first reading of the manpower bill yesterday with a call for workers and the public not to turn the controversial document into a "political issue".

KL pays $400m for eight Hornets

KL pays $400m for eight Hornets KUALA LUMPUR (AFP): Malaysia is to fork out slightly more than one billion ringgit (US$400 million) for eight U.S.-made FA-18D Hornet fighter jets and training flight simulators, a minister was quoted as saying yesterday.

Biotechnology meeting to focus on legal issues

Biotechnology meeting to focus on legal issues JAKARTA (JP): Legal issues affecting biotechnology are among topics to be discussed at the first Indonesian Biotechnology Conference, a representative of its organizing committee said yesterday.

More promises

More promisesFrom Pikiran RakyatThe election is over. Now, people are waiting for deliverance of the promises the campaigners have made. I remember how officials used slogans like Berseri-Bersinar (smile and glow), or something of that kind.The above method is very appealing to the people.

Aromatic plant in C. Java

Aromatic plant in C. Java JAKARTA (JP): PT Kresna Aromatic Persada in cooperation with a Japanese investor will build an aromatics plant in Cilacap, Central Java, with a Rp 1.7 trillion (US$708.3 million) investment, a government official said.The C.

Goodyear's new director

Goodyear's new director JAKARTA (JP): PT Goodyear Indonesia shareholders approved yesterday the appointment of Gary Lee Gustafson as a finance director, replacing B. Anantharaman.The publicly listed tire company's public relations manager, Agung Laksamana, said the Nebraska (U.S.

E. Timor students demand referendum

E. Timor students demand referendum JAKARTA (JP): East Timorese students pressed for a referendum yesterday to determine the future of the former Portuguese colony.Four students, representing East Timorese students in Java, met with members of the National Commission on Human Rights to discuss...

SE Asian rubber prices seen steady to easier

SE Asian rubber prices seen steady to easier SINGAPORE (Reuter): Southeast Asian rubber prices are seen steady to easier this week with the trade shrugging off news the International Natural Rubber Organization (INRO) is ready to intervene in the market, dealers said yesterday.

Guide to Aussie firms in RI released

Guide to Aussie firms in RI released NUSA DUA, Bali (JP): Australian Foreign Minister Alexander Downer launched here yesterday the Directory of Australian Businesses in Indonesia, a verified listing of some 400 firms.

Trisakti and foundation to create law program

Trisakti and foundation to create law program JAKARTA (JP): Trisakti University and Winaya Dharma Foundation/Institute of Business Law Studies agreed yesterday to cooperate to improve education in economic and international business law.The agreement was signed by the foundation's chairperson, C.F.

Thailand delays LNG plan

Thailand delays LNG plan BANGKOK (Reuter): Thailand delayed its earlier plan to buy 1.7-2.2 million tons a year of liquefied natural gas from Oman due to its reservation about prices quoted, a senior industry ministry official said yesterday.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 16, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,575 25 116,000 AHAP Insurance 2,675 0 0 Alter Abadi 1,000 0 29,500 Alumindo Light Metal 1,125 0 52,500...

More minivan drivers go on strike over additional buses

More minivan drivers go on strike over additional buses JAKARTA (JP): Dozens of public transportation minivan drivers went on strike yesterday causing hundreds of passengers between Pasar Minggu and Kampung Melayu areas to be stranded.

Governor Surjadi satisfied with election results

Governor Surjadi satisfied with election results JAKARTA (JP): The final results of the city's general election showed that the Indonesian Democratic Party (PDI) managed to secure one out of the City Council's 75 seats.

Developed countries 'use rights issue for protection'

Developed countries 'use rights issue for protection' JAKARTA (JP): President Soeharto said yesterday that developed countries used human rights issues merely as a pretext to protect their own economic and political interests.

Lippo Insurance to float shares

Lippo Insurance to float shares JAKARTA (JP): PT Lippo General Insurance will float 51 million shares or 34 percent of its enlarged capital, the company announced yesterday.The company's president director, M.F.

GTF plans to launch four mutual funds

GTF plans to launch four mutual funds JAKARTA (JP): BDNI group's GTF Indonesia Asset Management plans to launch four open-end mutual funds to raise about Rp 3 trillion (US$1.25 billion) from the public later this month.

Seven die in truck accident

Seven die in truck accident DEMAK, Central Java: Seven people died and two were injured when the truck carrying them plunged into a river here Sunday, a report said yesterday.The truck, carrying about 50 people, went out of control while going down hill and then skidded into the muddy river.

Heroin users and dealer arrested

Heroin users and dealer arrested JAKARTA (JP): Four drug users and a dealer were arrested in a hotel and in a house in Tebet, South Jakarta, for illegally possessing and dealing heroin, police said.City Police Spokesman Lt. Col. E.

Cocoa prices surge on New York rally

Cocoa prices surge on New York rally KUALA LUMPUR (Reuter): Malaysian cocoa prices soared yesterday, boosted by a surge in New York prices on Friday to eight-year highs, traders said.They said falling domestic production and steady demand for cocoa beans were also helping prices.

Goh in Thailand to boost trade

Goh in Thailand to boost trade BANGKOK (AFP): Singaporean Prime Minister Goh Chok Tong arrived in Thailand yesterday at the head of a high-powered business delegation for a three-day visit aimed at boosting economic ties between the two 'tigers'.

Election promises

Election promises The election is over. The national political picture is clear. Although protests were heard from certain corners, this has not influenced the recent results in which the dominant Golkar won an overwhelming majority, followed by the United Development Party (PPP) leaving the...

Improving our prisons

Improving our prisons Even under the best of circumstances, a prison is obviously not a happy place to be. But under the conditions that reportedly prevail in so many of our prisons, it is not difficult to comprehend why inmates are often so easily incited to react with violence to mistreatment or...

City honors two servicemen

City honors two servicemen JAKARTA (JP): Governor Surjadi Soedirdja honored two servicemen Friday, Danu Sisworo and Maryono, who died on duty on April 4.Danu, a fireman from Central Jakarta Fire Department, was trapped in a fire for hours on the fourth floor of Harco Electronics Center in Mangga...

1,633 billboards to be torn down

1,633 billboards to be torn down JAKARTA (JP): The City Administration will tear down 1,633 advertisement billboards, mostly because their licenses have already expired, from June 23 to Aug. 8, an official said.

EU funds volcano research

EU funds volcano research MANADO, North Sulawesi: The European Union (EU) is sponsoring a study by French experts on the chain of volcanoes which passes through the province, a local official said yesterday.

ABRI and democratization

ABRI and democratization It is heartening to hear the affirmative remarks made by Armed Forces Chief Gen. Feisal Tanjung concerning the Armed Forces's (ABRI) stance in support of democratization and improving people's welfare.

Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Horison, Jl. Pantai Indah, Taman Impian Jaya Ancol, North Jakarta: - The Anging Mamiri Garden: Fantastic Group from Philippines, Ever Green Hawaiian Band/Orkes Keroncong, Hula-hula Dances, every Saturday Night, 7 p.m. to 10:30 p.m.

Cheaper cotton to boost earning: PT Argo Pantes

Cheaper cotton to boost earning: PT Argo Pantes JAKARTA (JP): Publicly listed textile producer PT Argo Pantes expects its net profit to rise 84 percent to Rp 30 billion (US$12.5 million), and sales 11 percent to Rp 500 billion this year.

Employee kills boss for scolding him

Employee kills boss for scolding him JAKARTA (JP): An employee has been arrested for allegedly murdering his boss, a home industry entrepreneur in Kapuk, North Jakarta, police said.City Police Spokesman Lt. Col. E.

Recent riots in E. Java blamed on communists

Recent riots in E. Java blamed on communists JAKARTA (JP): Government officials are blaming the recent riots in East Java on communist and left-wing activists.East Java Governor Basofi Soedirman told a meeting with local ulemas in Surabaya yesterday that the communist role in the series of riots in...

Lonsum wants 1997 to be more profitable

Lonsum wants 1997 to be more profitable JAKARTA (JP): Plantation company PT PP London Sumatra Indonesia (Lonsum) wants to increase its 1997 profit by between 15 percent and 25 percent over last year's Rp 80.61 billion (US$32.97 million), an executive said here yesterday.