Indonesian Political, Business & Finance News

Archive: 5 June 1997

60 articles found

BI welcomes 'InfoBank' magazine's ratings

BI welcomes 'InfoBank' magazine's ratings JAKARTA (JP): Bank Indonesia, the central bank, welcomes InfoBank magazine's rating of Indonesia's 239 commercial banks, and says it hopes it will encourage banks to publish their financial records.

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.

ASEAN expands due to worries over China

ASEAN expands due to worries over ChinaBy Rene Pastor SINGAPORE (Reuter): Southeast Asia has embraced international pariah Myanmar despite strenuous Western objections partly due to rising apprehension over the growth of China's economic and military might, security experts said on Wednesday.

Don't blame government for poor poll results: Yogie

Don't blame government for poor poll results: Yogie JAKARTA (JP): The General Elections Committee called on the three parties yesterday to gracefully accept the poll results and refrain from blaming the government for poor showings.

PT Monfori to make fast-growing trees

PT Monfori to make fast-growing trees JAKARTA (JP): PT Monfori Nusantara, a joint venture of U.S. firm Monsanto and Australia's ForBio Limited, will start producing genetically engineered tree seedlings next year to supply the country's industrial forest plantations.

FIM approves Jatinangor track

FIM approves Jatinangor track JAKARTA (JP): The International Motor Federation's (FIM) top official, Tonny Skillington, has found the West Java's Jatinangor circuit suitable for the World 250cc Motor Cross Championships' 12th leg in August."I am satisfied and impressed with the circuit.

PT Royal Sentul expects to raise $83.3m from IPO

PT Royal Sentul expects to raise $83.3m from IPO JAKARTA (JP): PT Royal Sentul Highlands, an urban development company, expects to raise Rp 200 billion (US$83.33 million) from its initial public offering (IPO) in July this year.

Public urged to reject SEA Games stickers

Public urged to reject SEA Games stickers JAKARTA (JP): The public should reject the collection of fees for the 19th Southeast Asian Games stickers at City Police Headquarters for the issuance of new or extended vehicle tax documents, a deputy governor and police officer said.

Oxen for officials who aided Golkar

Oxen for officials who aided Golkar BANYUMAS, Central Java (JP): Regent Djoko Sudantoko is busy counting the oxen he will have to give to officials who helped Golkar win at least 90 percent of votes at their polling stations.

Haunted by history

Haunted by history Slowly the ugly genocidal history of White Australia is being revealed to the world. A history unparalleled in savagery and misery inflicted on its indigenous people, beginning in 1788 and lasting till this very day.

Poll promises put Golkar's credibility to test: Analysts

Poll promises put Golkar's credibility to test: Analysts SEMARANG (JP): Political analysts have credited functionaries' hard work for Golkar's landslide win but have warned that the party would lose credibility if it fails to fulfill its election promises.

Prosecutor demands 11-year sentence for PRD activist

Prosecutor demands 11-year sentence for PRD activist JAKARTA (JP): An eleven-year jail term was sought yesterday for Democratic People's Party (PRD) activist, Wilson bin Nurtiyas, who is accused of undermining the state ideology Pancasila.

Inmarsat Mini-M launched

Inmarsat Mini-M launched JAKARTA (JP): State-owned PT Indosat will launch today its new service, the Global Express Phone-7 or the Inmarsat Mini-M, a new international call service using International Maritime Satellite's (Inmarsat) networks.Indosat's public relations manager, J.B.

Jakarta Fair to offer more quality products

Jakarta Fair to offer more quality products JAKARTA (JP): The 30th annual Jakarta Fair will host 1,435 exhibitors, including 600 large companies, with an expected 2.5 million people visiting the one-month fair.

Fraud suspects in detention

Fraud suspects in detention MEDAN, North Sumatra: Two people allegedly involved in a Rp 51 billion (US$21,250,000) banking scam are being detained at the Tanjung Gusta detention center.Antara reported yesterday that the men, identified as PB, 55, and EK, 40, were detained on May 25.

Military Police Corps gets two-star general

Military Police Corps gets two-star general JAKARTA (J): Military Police Corps chief Syamsu D. was promoted from brigadier general to major general yesterday, becoming the corps' first two-star general.After the promotion, Syamsu reported to Army Chief of Staff Gen. R.

Rights body studies NZ

Rights body studies NZ JAKARTA: Two members of the National Commission on Human Rights have just completed a comparative study on New Zealand's human rights.Clementino Dos Reis Amaral and Bambang W. Suharto found that, unlike Indonesia's government-appointed commission which has 25 members, New...

Customs and importers clash on container pile-up

Customs and importers clash on container pile-up JAKARTA (JP): Importers and the customs office are again blaming each other for the container pile up at Jakarta's Tanjung Priok port.Chairman of the Indonesian Importers Association, Amirudin Saud, blames the container pile up on customs officials'...

One dies, 18 go missing at sea

One dies, 18 go missing at sea PEKANBARU, Riau: One person died and 18 others went missing Monday evening after their boat capsized in the sea near Pulau Muda village, Kampar regency, Riau."The speedboat Yani Express, which was carrying 50 passengers, was believed to have been hit by huge waves,"...

Argha Karya sells asset

Argha Karya sells asset JAKARTA (JP): PT Argha Karya Prima Industry, manufacturer of flexible packaging, announced yesterday it signed an agreement to sell its converting division to Germany's VAW Europack GmbH.

Heroin dealers arrested

Heroin dealers arrested JAKARTA (JP): Police arrested four heroin dealers, two of them university students, yesterday for locking up a woman in a house on Jl. Raya Karang Tengah, in Cilandak, South Jakarta.South Jakarta Police Chief Lt. Col.

Unhealthy aroma in Bogor

Unhealthy aroma in BogorFrom RepublikaI have often traveled along the Pajajaran highway in Bogor. It is one of my favorite routes because of its cleanliness and small, neat gardens. The road is also overshadowed by large, dense foliage on both sides. This creates a quiet and serene atmosphere.

GT to make Pirelli tires

GT to make Pirelli tires JAKARTA (JP): PT Gajah Tunggal (GT), the publicly listed tire producer, announced yesterday that it had signed an agreement with Pirelli Tire's North American subsidiary to manufacture Pirelli car radial tires.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 4, 1997: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 1,375 50 194,500 AHAP Insurance 2,675 0 0 Alter Abadi 1,150 0 0 Alumindo Light Metal 1,150 25 429,500...

Golkar wins in Sampang revote

Golkar wins in Sampang revoteBy Ainur R. Sophiaan SAMPANG, East Java (JP): Thousands of United Development Party (PPP) supporters in Madura carried out their threat to boycott an election rerun here yesterday.

Central Kalimantan slashes poverty rate

Central Kalimantan slashes poverty rate PALANGKA RAYA, C. Kalimantan: Central Kalimantan has had the third most successful antipoverty campaign after Bali and Jakarta.Governor Warsito Rasman said yesterday the province's number of families in poverty had fallen from 321,600 in 1993 to 189,400 last...

Asia refineries will stay competitive

Asia refineries will stay competitive SINGAPORE (Reuter): Asia's oil refineries will remain competitive in the long run despite rising capacity as demand for environmentally-friendly oil products outstrips supplies, the Honolulu-based think tank East-West Center said.

Environment expo opens in Jakarta

Environment expo opens in Jakarta JAKARTA (JP): An international exhibition on the environment was opened yesterday at the Jakarta Convention Center by State Minister of Environment Sarwono Kusumaatmadja.Featuring 124 local and foreign participants, Environment Expo '97 will end June 8.

IBCA rates RI's long-term foreign currency BBB minus

IBCA rates RI's long-term foreign currency BBB minus LONDON (Reuter): IBCA, the European credit rating agency, yesterday assigned a long-term foreign currency rating of BBB- (BBB minus) to all senior, unsecured debt issues of the Republic of Indonesia.

San Miguel, Coca-Cola Amatil finalize 2.7-b stock swap

San Miguel, Coca-Cola Amatil finalize 2.7-b stock swap MANILA (AFP): The Philippines' San Miguel Corp. and Coca-Cola Amatil Ltd. of Australia said yesterday they had agreed on US$2.7 billion deal to integrate their soft drinks operations through a stock swap.

Learning from the poll results

Learning from the poll resultsBy J. Soedjati Djiwandono JAKARTA (JP): Barely 48 hours after election day on May 29, Golkar had received more than 74 percent, PPP almost 24 percent, and PDI just slightly above 3 percent of the votes cast.

Skill competition for Premier Cup players

Skill competition for Premier Cup players JAKARTA (JP): Seven teams in the under-14 Asia Pacific Nike International Premier Cup will take part in the Indonesian Soccer Association's skills competition on June 6 at the Soemantri Brodjonegoro stadium in South Jakarta.

New postgraduate program at UI

New postgraduate program at UI JAKARTA (JP): The University of Indonesia's postgraduate department has announced the opening of a new sociology program.The new program in social development management is offered to lecturers, journalists, members of non-government organizations and other...

Askatindo ends Bre-X partnership

Askatindo ends Bre-X partnership JAKARTA (JP): PT Askatindo Karya Mineral is withdrawing from its partnership with Bre-X Minerals Ltd of Canada to develop the Busang gold mine in East Kalimantan.Company president Harsono said here yesterday that a formal letter announcing the end to the joint...

E-7 group initiates energy project in RI

E-7 group initiates energy project in RI TORONTO (Reuter): The E-7 group of utility companies said on Tuesday it has initiated energy development projects in Indonesia, Jordan and Zimbabwe as part of a joint implementation program aimed at encouraging sustainable energy development (SED).

Highland Gathering in Karawaci

Highland Gathering in Karawaci JAKARTA (JP): This year's Highland Gathering, which last year was held at Senayan Stadium, will move to a spacious new venue at Lippo Karawaci, according to the Gathering's spokesman.

Telephone lines for ojek service

Telephone lines for ojek service JAKARTA (JP): Do you urgently need becak (pedicab) or ojek (motorcycle taxi) service at residential complexes on Jakarta's outskirts? Don't worry. Just order it by phone!No kidding.

PT Golden Truly will open its first hotel

PT Golden Truly will open its first hotel JAKARTA (JP): PT Golden Truly, a business group controlled by businessman Sudwikatmono, will open its first hotel, Golden Hotel, here on Saturday.Company president, H.E.

Where to go in Jakarta:

Where to go in Jakarta:Music * Omni Batavia Hotel, Jl. Kali Besar Barat 44-46, West Jakarta: - Brown Bar: Eksis Band, every Saturday, 9 p.m. to 1 a.m. - Spice Market Restaurant: El Rithana Grup, Monday, Wednesday, Friday, 7 p.m. to 10.30 p.m.

Objective reporting

Objective reportingFrom NeracaIt is fair to say that the national press has presented objective reports on the general election process. Golkar has made no comment on the reports that were supposed to have sided with the party.

RI forex earnings from tourists drop

RI forex earnings from tourists drop JAKARTA (JP): The country's foreign exchange earnings from foreign tourists dropped 5.3 percent in April to US$398.8 million, down from April 1996, Minister of Information Harmoko said here yesterday.The drop was the first this year.

Dadang's performance mesmerizes Vancouver's art lovers

Dadang's performance mesmerizes Vancouver's art loversBy Astri Wright VANCOUVER, CANADA (JP): It was a long time coming but Vancouver artists and art lovers witnessed for the first time recently a live performance by Dadang Christanto, one of Indonesia's foremost contemporary artists.

S'pore faces ban threat from FIFA

S'pore faces ban threat from FIFA SINGAPORE (AFP): Football's governing body FIFA has threatened to ban Singapore over compensation for two overseas players, a report said yesterday."If the players aren't compensated in 30 days, it is our standard procedure to set another deadline and suspend the...

PDI threatens to boycott further election stages

PDI threatens to boycott further election stages JAKARTA (JP): The Indonesian Democratic Party (PDI), disappointed by its poor showing, threatened yesterday to shun the remaining stages of the general election unless voting was held again and election violators punished.

25 Indonesian cyclists to compete in Iran, Japan

25 Indonesian cyclists to compete in Iran, Japan JAKARTA (JP): The Indonesian Cycling Association will send 15 track cyclists and 10 mountain bikers to two international championships in Japan and Iran next week in preparation for October's Southeast Asian (SEA) Games.

Immoral practices

Immoral practicesFrom PelitaAs an honorable nation we should reject the perception that corruption has become a culture in Indonesia. But reality shows us that corruption prevails. The ministry of religious affairs, a state institution that is responsible for moral and mental development, is not...

Call for community leaders to stop unrest

Call for community leaders to stop unrest JAKARTA (JP): The National Commission on Human Rights recommended yesterday that the authorities recruit community leaders to nip unrest in the bud.Commission secretary-general Baharuddin Lopa, who read yesterday the body's statement on the May 23 riot in...

Vendors at Monas to be regulated, park agency says

Vendors at Monas to be regulated, park agency says JAKARTA (JP): Vendors at the National Monument Park (or Monas Park) will be regulated as part of the park's renovation.The head of the city's park agency, Syamsir Alam, said yesterday a team consisting of personnel from various agencies, including...

Australia wants ostrich farm investors

Australia wants ostrich farm investors JAKARTA (JP): PT Prima Unggas Investama is offering local investors special incentives to invest in ostrich farming in Australia.Prima's president Andi M. Ichran said yesterday his company had been appointed by Australia's Circle C International (CCI)/Global...

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 Story 6:00 News: Lintasan Berita 6:05...

Art Agenda

Art AgendaFilm: Der Papagei at Goethe Institut, Jl. Matraman Raya 23, East Jakarta; June 5, 7:30 p.m.; June 6, 4 & 6:30 p.m.Famous German television personality and entertainer Harold Juhnke stars as Papagei.

Timor car 'becomes official govt sedan'

Timor car 'becomes official govt sedan' JAKARTA (JP): The Timor car has been the government's official sedan for officials and state company executives since April, State Minister for National Development Planning Ginandjar Kartasasmita confirmed yesterday.

Honesty is the best policy

Honesty is the best policyFrom MerdekaAn article in Merdeka (May 25) and in Gatra (May 31), quoted businessman Probosutedjo as saying that a minister or official who makes a mistake should resign, because their act would result in the suffering of the people and the nation.

5-second siren on Environmental Day

5-second siren on Environmental Day JAKARTA (JP): The city will turn on a siren for five seconds at 9 a.m. in the Glodok area of West Jakarta to commemorate Environmental Day today, an official said.The city's spokesman, Kamaludin S.

Canadians have mixed reactions to Dadang's show

Canadians have mixed reactions to Dadang's show VANCOUVER, CANADA (JP): After the performance and while Dadang Christanto was bathing and dressing, Warren Arcan announced that the artist wished to hear the audience's reactions to his performance.

Fire at 'Kompas' printing house

Fire at 'Kompas' printing house JAKARTA (JP): A fire broke out at a section of the Kompas daily's printing house yesterday morning.At least nine fire engines were sent to the site on Jl. Palmerah Selatan, Central Jakarta, but employees and firefighters managed to contain the fire.

Two foreigners arrested

Two foreigners arrested JAKARTA (JP): Immigration officials have arrested a Pakistani and a Bangladeshi for illegally entering Indonesia.Immigration's director of supervision and operations Zaiman Nurmatias said yesterday that the Pakistani man, Muhammad Khan, was deported on April 15 because he...

Stiffer sanctions on book piracy urged

Stiffer sanctions on book piracy urged JAKARTA (JP): The Jakarta branch of the Association of Indonesian Publishers (IKAPI) called on authorities and courts yesterday to impose heavier sanctions against book piracy.

PT Astra Graphia plans to launch Internet router

PT Astra Graphia plans to launch Internet router JAKARTA (JP): PT Astra Graphia, a subsidiary of PT Astra International Inc., will soon market an Internet router, making Internet access much cheaper.Company operation manager, Mangara Pangaribuan said yesterday the company had become the sole...

Es Teler 77 expands

Es Teler 77 expands JAKARTA (JP): Es Teler 77 plans to sell the franchise for its new product, Pasti Enak, the company's owner said here yesterday.Sukyatno Nugroho said his company would open an outlet for Pasti Enak, selling fish dishes, at Golden Truly supermarket on Jl.