Indonesian Political, Business & Finance News

Archive: 7 June 1997

61 articles found

TV today

TV todayTVRI 2:30 a.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Children's Film: Road to Avonlea 3:10 Environment Program: Kebun Bibit Desa 3:35 Tour and Travel: Wisata Nasional 4:00 Regional News 4:30 Sports 5:25 Science Program: Science World 5:30 TV Series: A Writer Exchange 5:55...

Mochtar appointed as new chairman of Lippo Bank

Mochtar appointed as new chairman of Lippo Bank JAKARTA (JP): Shareholders of publicly listed Lippo Bank approved yesterday Mochtar Riady's appointment as chairman replacing Rudi Bachrie.Mochtar, who had been the bank's vice president commissioner, said Lippo bank would look after shareholders'...

Demolition threatens boarding school

Demolition threatens boarding school BOGOR, West Java (JP): A demolition threat hangs over the Nurul Imdad Islamic boarding school, which has 400 students, because the mayoralty claims it is built on state land.

Rioters freed from custody

Rioters freed from custody SAMPANG, East Java: Four people arrested for rioting on the May 29 election day were released from police custody Thursday but confined to house arrest, police said yesterday.

Indovest to issue rights

Indovest to issue rights JAKARTA (JP): Publicly-listed Bank Indovest plans to issue right shares to increase its paid-up capital to at least Rp 100 billion (US$41.06 million) by 1999 from Rp 76.6 billion now, the bank's president Enap Surjatman said yesterday.

SE Sulawesi to be main base for cocoa exports

SE Sulawesi to be main base for cocoa exports JAKARTA (JP): The Indonesian Cocoa Association (Askindo) wants Southeast Sulawesi, a major cocoa producer to become a main base for cocoa exports, an association staff member said .

Athletes fail to join squad

Athletes fail to join squad JAKARTA (JP): More than a thousand of Indonesia's 1,777 athletes have not yet come for Southeast Asian (SEA) Games training, the head of national training, Togi Hutagaol, said Thursday."We have not yet heard whether the 1,008 athletes will attend training.

Italian mission due here

Italian mission due here JAKARTA (JP): A trade mission from Padova, Italy, is due here next week to explore trade and investment opportunities, the Italian Trade Commission said yesterday.The commission said that executives from 27 Italian firms would meet with interested Indonesian counterparts at...

Goods stolen from Saudi

Goods stolen from Saudi JAKARTA (JP): A next-door neighbor stole goods from a Saudi Arabian man in a hotel on Jl. Raden Saleh, Central Jakarta, yesterday when the victim was sleeping with a woman.A police sergeant at the Central Jakarta Police precinct said Paih al-Farath was sleeping with a local...

Credit card overcharge

Credit card overcharge In September, 1995 my parents stayed at the Arcadia Hotel on Jl. Wahid Hasjim for one night and they paid with their credit card. After receiving the credit card statement, we unfortunately did not check the charges made by the Arcadia Hotel, and only did so a year later by...

PPP delays statement on general election results

PPP delays statement on general election results JAKARTA (JP): United Development Party (PPP) executives failed to agree yesterday whether to accept the results of the general election, which they alleged was rife with cheating.

Law on contempt of court needed: Adi

Law on contempt of court needed: Adi JAKARTA (JP): Indonesia is badly in need of a law on contempt of court to uphold the authority of the judiciary, experts have said.Former deputy chief justice Adi Andojo Soetjipto said that such a law could elaborate the meaning of contempt of court.

Golkar's win a consent for change?

Golkar's win a consent for change?By Aleksius Jemadu JAKARTA (JP): Compared to the results of previous elections, Golkar's recent victory is particularly meaningful. It has gained people's consent for political power at a time when the nation is desperately seeking more openness and political...

Gen. Hartono gets cabinet post

Gen. Hartono gets cabinet post JAKARTA (JP): In a surprising cabinet reshuffle, President Soeharto appointed retiring Army Chief Gen. R. Hartono minister of information yesterday, replacing Harmoko, who led Golkar to a landslide victory in last month's general election.

Students flock to college entrance exam registration

Students flock to college entrance exam registration JAKARTA (JP): New senior high school graduates yesterday crowded a registration center for the state university entrance exam in Salemba, Central Jakarta.The crowd on the second day of registration at a high school on Jl.

Two detained in passport scam

Two detained in passport scam JAKARTA (JP): Immigration officials have detained two Pakistanis who tried to use black market Canadian passports to leave the country.Immigration director for supervision and control Zaiman Nurmatias said yesterday Muhammad Shahid Rathore, 25, and Sajjad Ahmad...

Rape stats defy trend

Rape stats defy trend JAKARTA (JP): Rape was the only exception as the crime rate fell drastically nationwide during the nearly month-long campaign, the police reported yesterday.Overall incidence of general crimes plummeted during the campaigning period from April 27 to May 23, National Police...

RI's cellular market continues to increase

RI's cellular market continues to increase JAKARTA (JP): Indonesia's cellular telecommunications industry will continue to grow significantly in the coming years, according to telecommunications experts.

45 RI karateka sent to Japan and Australia

45 RI karateka sent to Japan and Australia JAKARTA (JP): The Indonesian Karate-do Federation plans to send 45 athletes for overseas stints in Japan and Australia in July and August as a preparation for the 19th Southeast Asian (SEA) Games here in October.

A helping hand for PDI

A helping hand for PDI Reading the article Govt to help PDI in House representation on page 2 of The Jakarta Post (June 6), I was surprised at the government's move.In my opinion, an election is meant to find out the people's political conscience, so that the most trusted political organization...

Italian deported for misusing visa

Italian deported for misusing visa CILEGON, West Java: Immigration authorities have deported an Italian national for misusing his tourist visa to open a restaurant with a local businessman.Klemenz Livio, 49, opened an Italian restaurant, Musang Itali on Jl.

Hartono's rise 'proves political unpredictability'

Hartono's rise 'proves political unpredictability' JAKARTA (JP): President Soeharto's surprise appointment of Army Chief of Staff Gen. Hartono as minister of information confirmed the unpredictable nuance of domestic politics, an analyst said yesterday.

Fires gut buildings

Fires gut buildings JAKARTA (JP): Two fires gutted a car workshop on Jl. Intan, in Cileduk and a restaurant on Jl. Mampang Prapatan Raya, in South Jakarta, yesterday. No fatalities were reported.A police sergeant at the South Jakarta Police precinct said the owner of the workshop, Darta, suffered...

Banjarmasin residents clean up, bury their dead

Banjarmasin residents clean up, bury their deadBy Johannes Simbolon BANJARMASIN, South Kalimantan (JP): A procession of hospital morgue cars entered the Karang Peci cemetery, some 30 kilometers outside of Banjarmasin, and halted near a huge grave.

Indonesia cancels F-16 purchase from U.S.

Indonesia cancels F-16 purchase from U.S. JAKARTA (JP): The government said yesterday it was canceling the purchase of nine United States F-16 jetfighters and declining participation in the American-run International Military Education Training program (IMET) in response to growing Congressional...

Heavy selling drags down palm oil prices

Heavy selling drags down palm oil prices KUALA LUMPUR (Reuter): Heavy selling pressure in spot futures month, a bearish crop report and technical selling dragged down Malaysian palm oil prices, traders said.

Aussie firm enters RI tourism business

Aussie firm enters RI tourism business JAKARTA (JP): PT Banten Tourism Development Corp. has set up a joint venture with Axiom Properties Ltd. of Australia to build tourism facilities at the Tanjung Lesung tourism resort, Banten, West Java.

Jasindo rated BBB

Jasindo rated BBB JAKARTA (JP): Rating agency Standard and Poor's (S&P) has given state-owned PT Asuransi Jasa Indonesia (Jasindo) a BBB rating, reflecting Jasindo's "leading market position, good financial structure and profitable earnings track record and the benefits of ownership by the...

Eratex's profit declines

Eratex's profit declines JAKARTA (JP): PT Eratex Djaja Limited, a publicly listed clothing and textile company, last year made a profit of Rp 1.9 billion (US$778,050), far lower than 1995's profit of Rp 3.1 billion, an executive said yesterday.Eratex' president Julian W. Wong said here that the 37.

Views differ on how to tackle Jakarta's air pollution

Views differ on how to tackle Jakarta's air pollutionBy John Aglionby AS a location for a breakfast interview recently, the person I was meeting suggested we eat in the Shangri-La hotel's dining room on the 23rd floor so we could enjoy the view. That proved wishful thinking.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 06, 1997: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,425 75 211,000 AHAP Insurance 2,675 0 0 Alter Abadi 1,000 -150 500 Alumindo Light Metal 1,125 0 99,500...

Security is under control, says Armed Forces

Security is under control, says Armed Forces JAKARTA (JP): The Armed Forces (ABRI) said yesterday that security remained firmly under control as Indonesia prepares to complete the last stages of the election.ABRI chief spokesman Brig. Gen.

SMART to open huge palm estate in Berau

SMART to open huge palm estate in Berau JAKARTA (JP): Cooking oil and margarine producer PT Sinar Mas Agro Resources and Technology Corporation (PT SMART Corp) will invest Rp 350 billion (US$145.8 million) to open a 40,000 hectare oil palm estate in Berau, East Kalimantan this year, the company...

Indonesia, the world's fastest-growing car market

Indonesia, the world's fastest-growing car marketBy Russell Williamson INDONESIA will be fastest-growing car market in the world over the next five years.According to a report by the Economist Intelligence Unit, Indonesia's new-car sales are expected to grow at an annual compound rate of 18.

Eterindo to set up S$75m petrochemical plant

Eterindo to set up S$75m petrochemical plant JAKARTA (JP): Publicly listed petrochemical manufacturer PT Eterindo Wahanatama plans to build a new plant with investment of about US$75 million in Gresik, East Java.

RP to keep tariff on refined sugar

RP to keep tariff on refined sugar MANILA (Reuter): The Philippines will keep a 65 percent tariff imposed on refined sugar from neighboring Southeast Asian countries as it prepares for another round of fresh importation, a senior official said yesterday.

British Gas spuds oil well

British Gas spuds oil well JAKARTA (JP): British Gas International Indonesia (BG) announced yesterday that on May 31 it spudded Nambumbi-1, an exploration well located in the Muturi concession in Irian Jaya's Kepala Burung region.

Changing of the guard

Changing of the guard Although this is not the first time President Soeharto has stunned the public with a surprise decision, many observers were clearly taken aback yesterday by the nomination of Gen. Hartono as minister of information.

Comments on the cabinet changes

Comments on the cabinet changes JAKARTA (JP): President Soeharto's surprise decision yesterday to make changes to his cabinet was greeted warmly by those affected.Army Chief of Staff Gen. R. Hartono will become the minister of information next week, replacing Harmoko who has been given the new post...

Susi chosen best athlete by Gillette

Susi chosen best athlete by Gillette JAKARTA (JP): Former world number one women's badminton player Susi Susanti was chosen by the Gillete company Thursday as Indonesia's best athlete.Susi beat bodybuilder Ade Rai and tennis player Yayuk Basuki for the title.

Yeltsin offers to aid RP military

Yeltsin offers to aid RP military MANILA (AFP): President Boris Yeltsin offered Russia's assistance to the Philippines' military modernization program in a letter delivered to Philippine President Fidel Ramos yesterday, the presidential palace here said.

2nd ASEM summit planned in 1998

2nd ASEM summit planned in 1998 TOKYO (Reuter): Senior European Union officials said yesterday they had decided with Asian counterparts to hold a second Asia European Meeting (ASEM) summit in April in London next year.The first summit was held in Bangkok early last year.

Bank Bira enters Batam

Bank Bira enters Batam JAKARTA (JP): Bank Bira announced yesterday it would open two new branches on Batam Island and Pekanbaru, Riau, where regional economic growth is expected to grow rapidly.The bank said the new branches -- the bank's 52nd and 53rd -- would expand its operations which were...

Border crossers did not vote

Border crossers did not vote JAYAPURA, Irian Jaya: About 3,000 Indonesians living in Papua New Guinea did not vote in the May 29 election."Most of them crossed the border from Irian Jaya, Indonesia's easternmost province, and have lived in the neighboring country for a long time," Indonesian...

Indonesia-U.S. ties

Indonesia-U.S. ties Indonesia has taken a lot of criticism from its foreign friends in recent years, not the least from the United States, which is undoubtedly one of its most important trading partners. Some criticism was valid and some was not, but it was accepted, or at least heard, nevertheless.

Batam inter-islands bridge

Batam inter-islands bridge JAKARTA (JP): PT Waskita Karya, a Ministry of Public Works construction company, has finished building a 365-meter-long bridge which links the Setoko and Rempang islands, near Batam island.

S. Asian states, Thailand launch economic forum

S. Asian states, Thailand launch economic forum BANGKOK (DPA): A new regional forum linking Thailand to Bangladesh, India and Sri Lanka was launched yesterday with the broad goal of boosting economic cooperation in the Bay of Bengal region.

Jakarta to host coffee talk

Jakarta to host coffee talk JAKARTA (JP): Coffee experts, including an International Trade Center (ITC) executive, will speak at a coffee seminar here next week.The speakers at the seminar, on June 10 and June 11, include Bertil Byskov, head of ITC's commodity market development division and...

Water cooperation pact with private firms signed

Water cooperation pact with private firms signed JAKARTA (JP): City-owned water company PDAM Jaya signed a 25- year cooperation agreement with private investors to manage city water treatment and distribution yesterday.

Pro golf tourney due next week

Pro golf tourney due next week JAKARTA (JP): The Indonesian Golf Champion Association will stage the third leg of the Indonesian Pro Golfer Close Tournament at the Pondok Indah golf and country club from June 10 to June 13.

U.S. still tops Japanese popular destination list

U.S. still tops Japanese popular destination list TOKYO (AFP): The United States was the top destination for Japanese travelers last year while Hong Kong replaced South Korea as the second most popular destination, a government report showed yesterday.

Singapore calls for ties equals with KL

Singapore calls for ties equals with KL SINGAPORE (AFP): Singapore has called for a relationship of equals with Malaysia, saying it should not be expected to play the role of a "small brother" to its larger neighbor, amid strained bilateral ties.

Where to go in Jakarta:

Where to go in Jakarta:Music * Le-Meridien, Jl. Jend. Sudirman Kav. 18-20, Central Jakarta: - Lounge and Lobby Bar: Le Rendez-Vous, Venus Quartet, Monday, 8 p.m. to midnight; Docjames, American pianist & singer, nightly, except Monday, 8 p.m.

Proud Bugis survives in old Sunda Kelapa port

Proud Bugis survives in old Sunda Kelapa portBy Deborah P. Hutauruk JAKARTA (JP): For skinny, dark-skinned Jamal, ferrying a few passengers in his own sampan around the heavily polluted and smelly estuary near the old colonial port of Sunda Kelapa is a much better job than working on a big fishing...

Feed makers prefer imported corn

Feed makers prefer imported corn JAKARTA (JP): Feed producers prefer imported corn because of its good quality and the precise delivery time and not its lower price, an official said yesterday.Secretary for the extension services of the ministry of agriculture, Syamsudin Abbas, dismissed earlier...

Two shot, eight others arrested for burglaries

Two shot, eight others arrested for burglaries JAKARTA (JP): Police have arrested ten men in the last two days, two of them after being shot, for their alleged involvement in burglaries.City Police Spokesman Lt. Col. E.

Int'l arts festival to be held here soon

Int'l arts festival to be held here soon JAKARTA (JP): The 8th Jakarta International Festival (Jakfest'97) will be held from June 23 to June 29.Dance shows, music and handicraft exhibitions will be presented by 17 countries including Indonesia at the cultural exchange forum.

Press welcomes new minister of information

Press welcomes new minister of information JAKARTA (JP): Local journalists welcomed yesterday President Soeharto's appointment of retiring Army Chief of Staff Gen. R. Hartono as minister of information, hoping that the rare ministerial change would bode well for the national press.

Little personal space and TV violence causes aggression

Little personal space and TV violence causes aggression JAKARTA (JP): Teenagers are destructive because of factors ranging from lack of personal space to excessive exposure to television violence, observers say.

Rights violations in Jepara

Rights violations in Jepara SEMARANG: The National Commission on Human Rights plan another investigation into the alleged violation of human rights during election campaigns in Jepara last month.Commission member Muladi said yesterday the first probe conducted in Jepara on May 30 was not adequate...

State revenue from oil exports may beat target

State revenue from oil exports may beat target JAKARTA (JP): Favorable world market prices for Indonesian crude oil, Minas, are likely to push state earnings from oil exports above the current (1997/1998) fiscal year target, Minister of Mines and Energy, I.B. Sudjana says.