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Found 1,320 articles

Cificorp secures loans

Cificorp secures loans JAKARTA (JP): Bank Umum Servitia and Bank Tamara have provided PT Citra International Finance and Investment Corporation (Cificorp) with a Rp 45 billion (US$18.9 million) syndicated revolving underwriting facility.

Tambang Timah's net profits jumps 16.4%

Tambang Timah's net profits jumps 16.4% JAKARTA (JP): Publicly listed tin mining company PT Tambang Timah announced yesterday a 16.4 percent increase in its net profit to Rp 156.6 billion (US$65.3 million) last year from Rp 134.5 billion in 1995, or an increase to Rp 311 a share from Rp 267 a share.

TBBA raises coal output

TBBA raises coal output JAKARTA (JP): PT Tambang Batubara Bukit Asam (TBBA), the state coal mining company, plans to increase coal production this year by 23 percent to about 11.5 million tons from 9.29 million tons last year.Company president R.

Merapi's cold lava hazardous

Merapi's cold lava hazardous SLEMAN: The authorities have closed the Boyong River to sand quarriers because of fears of a major lava flood from Mt. Merapi, which erupted on Jan. 17.However the regent is allowing traditional quarriers who collect sand with rudimentary equipment, such as hoes, to...

Containing money laundering

Containing money launderingBy K. Basrie JAKARTA (JP): An executive of the International Narcotics Control Board (INCB) has called on Indonesia to soon establish a law against money laundering to strike at crimes related to narcotics and psychotropic substances.Visiting INCB president Dr.

City hotels offer religious spirit, relaxing moments

City hotels offer religious spirit, relaxing momentsBy Stevie Emilia JAKARTA (JP): Most people would prefer to break their fast at home with their families, but there are times when they cannot make it.This is where hotels step in, offering guests home-style dishes or special menus.

USA wins bridge

USA wins bridgeBy Djanwar Madjolelo JAKARTA (JP): The USA won the Women's 1996 World Bridge Olympiad on Rhodes, Greece, thanks to its team of Gail Greenberg, Jill Blanchard, Irina Levitina, Juanita Chambers, Lynn Deas and Shawn Quinn.

200 trademark owners lose their rights

200 trademark owners lose their rights JAKARTA (JP): The Indonesian Trademark Office has denied to process about 200 trademark applications from industrial countries because of a new requirement imposed suddenly last week by the director general of copyrights, patents and trademarks, a noted patent...

RP hotel decree may scare investors

RP hotel decree may scare investorsBy Mynardo Macaraig MANILA (AFP): The Philippines has delivered a series of blows to foreign investor confidence, culminating in a court ruling this week against the sale of a historic hotel to a Malaysian company, analysts say.

Lehman gives '1-buy' rating to BDNI

Lehman gives '1-buy' rating to BDNI JAKARTA (JP): Global investment bank Lehman Brothers has assigned a '1-buy' rating to PT Bank Dagang Nasional Indonesia (BDNI) on the grounds of its bright performance outlook.

Military content with media's riots coverage

Military content with media's riots coverage JAKARTA (JP): The Armed Forces (ABRI) announced yesterday the media coverage of the recent riots is still within tolerable limits but warned the media often overexpose individual incidents.ABRI Sociopolitical Affairs Chief Lt. Gen.

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: - Boombastic Band, Saturday, 9.30 p.m. to 1 a.m. - Smart Band, Wednesday, 9 p.m. to 12.30 a.m. - Rhythim Nine Band, Thursday, 9 p.m. to 12.30 a.m., Saturday, 9.30 p.m. to 1 a.m.

The biggest taxpayers

The biggest taxpayers There are not many surprising entries to the list of Indonesia's 200 biggest individual and corporate taxpayers for 1995, as announced by Tax Director General Fuad Bawazier Sunday.

Managing our growing population

Managing our growing population One of the estimated 8,128 babies born yesterday (Tuesday) will be officially declared Indonesia's 200 millionth citizen. However, the presence of our 200 millionth citizen is not an unconditional blessing.

Reduction of invisible cost called for

Reduction of invisible cost called for JAKARTA (JP): Indonesia's competitiveness in labor intensive industries like shoe manufacturing has fallen below Vietnam and China, South Korean Businessman Association chairman C.K. Song has cautioned.

More MNCs may come to Asia

More MNCs may come to Asia UNITED NATIONS (AFP): Developing Asian countries are expected to be the most likely investment destination for multinational companies in the next five years, according to a report published here Monday.

Rights violations rife in mining areas, NGO says

Rights violations rife in mining areas, NGO says JAKARTA (JP): Violations of indigenous people's basic rights are rife in the operations areas of PT Kelian Equatorial Mining in East Kalimantan and PT Freeport Indonesia in Irian Jaya, according to an influential non-governmental organization.

RI understands border closure

RI understands border closure JAKARTA (JP): Indonesia said yesterday it understood Malaysia's decision to close a dozen border crossing points along the Sarawak-Kalimantan boundary, but added they should not be closed indefinitely.

Lippo Life revises target

Lippo Life revises target JAKARTA (JP): Publicly listed insurance firm, Lippo Life, has revised upwards its pretax profit projection for this year to Rp 146.7 billion (US$60.9 million) from Rp 114.8 billion.The company revised its net income projection to Rp 130 billion from Rp 100 billion.

Election speeches to be screened

Election speeches to be screened JAKARTA (JP): All election campaign broadcasts must be approved by the government before they go on air, according to electoral rules issued yesterday.The General Elections Institute, which will screen the speeches, was quick to stress this was not a form of...

Indoneasia's 200-millionth baby born

Indoneasia's 200-millionth baby born JAKARTA (JP): Indonesia will announce today its 200 millionth citizen after a baby is chosen and named by President Soeharto from the more than 8,000 babies delivered across the country yesterday.

Spotlight

SpotlightPhoto A: HandphoneJP/byiThe director for commerce of PT Komselindo, Zen Smith (left) receives a phone call from Ali Syarif (right), a film consultant who has just won a quiz offering a handphone as a prize. The prize was awarded in a breaking-for-the-fast gathering in Jakarta on Monday.

Latief leans harder on employers than workers

Latief leans harder on employers than workersBy Ridwan M. Sijabat SURABAYA (JP): Maintaining harmonious industrial relations in Indonesia is more the responsibility of employers than workers.That was the message Minister of Manpower Abdul Latief gave during a whirlwind visit here Friday to meet...

Plastic waste adds more to environmental problems

Plastic waste adds more to environmental problemsBy Joko Sarwono BOGOR, West Java (JP): Plastic has become a household name in all sectors of life. Many things, from miscellaneous household items to parts of heavy industrial equipment, are mostly made of plastic.

U.S.' StorageTek plans to boost growth in Asia

U.S.' StorageTek plans to boost growth in Asia SINGAPORE (Reuter): U.S. data storage provider Storage Technology Corp (StorageTek) said yesterday it planned to use Singapore as a hub for rapidly expanding data storage in Asia.

Mulia expects higher profits

Mulia expects higher profits JAKARTA (JP): Publicly listed ceramic tile and glass maker PT Mulia Industrindo expects a 56 percent rise in net sales to Rp 810 billion (US$339 million) this year from Rp 291 billion in 1996.The company announced yesterday its net profit rose 65 percent to Rp 113.

Ramadhan time for Jakarta

Ramadhan time for JakartaWednesdayMaghrib 6:19 p.m.ThursdayImsak 4:27 a.m.Subuh 4:37 a.m.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on Feb. 4, 1997: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,000 0 1,500 AHAP Insurance 2,675 0 0 Alter Abadi 1,175 0 383,500 Alumindo Light Metal 1,325 -25...

Seven men arrested for drugs

Seven men arrested for drugs JAKARTA (JP): City Police have arrested seven men for selling 156 grams of heroin, 1,500 Ecstasy pills, and 14 kilograms of dried marijuana.City Police Detectives Chief Col.

EVA Air responds

EVA Air responds We write in response to Mr. Firman Widjaja's letter Long journey to U.S. (Jan. 14, 1997).EVA Air very much regrets the inconvenience experienced by Mr. Widjaja's son, Nicko Widjaja on his recent visit to the United States, and we understand fully the dissatisfaction and distress...

Guard strung up by pants

Guard strung up by pants JAKARTA (JP): A West Nusa Tenggara security guard was found strung up by his pants in his detention cell yesterday after admitting he was ashamed of being caught stealing money from his employer, police said.

Sympathy for detained students

Sympathy for detained students PURWOKERTO, Central Java: Messages of sympathy are streaming in to four students arrested on charges of distributing leaflets encouraging people to boycott the May 29 general election.

Fresh row erupts over blood

Fresh row erupts over blood YOGYAKARTA: A fresh row has erupted over the blood samples of slain journalist Fuad Muhammad Syafruddin's that the police threw away.Lawyers representing the journalist's widow, Marsiyem, denied yesterday the police accusation that she was seeking to "commercialize" the...

Lippo raises BDI shares

Lippo raises BDI shares JAKARTA (JP): Lippo Bank announced yesterday it had increased its stake in Bank Dagang dan Industri (BDI) from 6.8 percent to 24.56 percent. It's stake is now worth Rp 16.8 billion (US$7.1 million).

Fire destroys 20 houses

Fire destroys 20 houses JAKARTA (JP): Two fires destroyed 20 houses, six workers' boarding houses and two construction offices in Central Jakarta in the past two days. No fatalities have been reported.Central Jakarta Police Chief Lt. Col. M. Ibrahim said the first fire started at 3:30 a.m.

Regional cuisine marks Idul Fitri celebrations

Regional cuisine marks Idul Fitri celebrationsBy Wirasti Wiryono JAKARTA (JP): For Idul Fitri this year, food expert Rudy Choiruddin offers his own perspective of the country's cuisine, with its astounding variety of rich flavors and textures from the various regions.

PT. Rekayasa ties up with three state firms

PT. Rekayasa ties up with three state firms JAKARTA (JP): PT Rekayasa Industri forged alliances yesterday with three other state enterprises to raise its industrial- engineering and construction expertise.Rekayasa Industri president Hari G.

Trawlers threaten fisherpeople

Trawlers threaten fisherpeople MEDAN, North Sumatra: Six illegal trawlers are threatening traditional fisherpeople's livelihoods in Central Tapanuli, North Sumatra, Antara reported yesterday.Individual fisherpeople who use traditional equipment have asked the authorities to prohibit the six...

Sembawang to invest here

Sembawang to invest here SINGAPORE (Reuter): Sembawang Corp. said yesterday its wholly- owned unit Sembawang Media Pte. Ltd. had entered into an Internet joint venture in Indonesia.The unit had agreed to jointly invest with Indonesian corporation PT Ngrumat Bondo Utomo in Indonesian firm PT Jasa...

BNI gets top price for its $145 million Yankee bond issue

BNI gets top price for its $145 million Yankee bond issue JAKARTA (JP): State-owned PT Bank Negara Indonesia 1946 has got a good price for its US$145 million Yankee bond issue after Indonesia's first sovereign issue last year.

Tycoons donate Rp 415b to the poor

Tycoons donate Rp 415b to the poor JAKARTA (JP): The Jimbaran Group of business tycoons has contributed Rp 415 billion (US$180 million) toward the government's drive to eradicate poverty, the Office of the State Minister of Population said Tuesday.

RI telecoms policy wins foreign support

RI telecoms policy wins foreign support JAKARTA (JP): Secretary-general of the Ministry of Tourism, Post and Telecommunications Jonathan L. Parapak said Monday Indonesia's decision not to change its telecommunications policy won support from several developing nations.

Four Timorese break into French embassy

Four Timorese break into French embassy JAKARTA (JP): Four East Timorese entered the French embassy yesterday, seeking asylum in Portugal or France.French embassy and International Committee of the Red Cross (ICRC) officials discussed the asylum bid with the four Timorese.

TV today

TV todayTVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Fun House 3:05 Teenagers' Program: Arena 123 3:30 TV Series: Perfect Strangers 4:00 News: Lintasan Berita 4:05 TV Drama: Diantara Kita: Surat Tantangan 4:30 Documentary Film 4:55 Filler and Trailer 5:00 Evening News 5:25 Travel: My Country...

Competition for Busang gold mine hots up

Competition for Busang gold mine hots up JAKARTA (JP): Competition to get a stake in the Busang II gold mine in East Kalimantan has become fiercer with three more companies reportedly entering the battle to secure a share of the 57-million ounce gold reserve.

Petronas agrees to take over Vietnam's Dai Hung oilfield

Petronas agrees to take over Vietnam's Dai Hung oilfield KUALA LUMPUR (Reuter): Malaysia's state-run Petroliam Nasional (Petronas) said yesterday it had agreed to take over Vietnam's Dai Hung oilfield from Australia's Broken Hill Propriety Co Ltd under the old contract terms.

RP suffering from 'overdose' of Malaysian investments

RP suffering from 'overdose' of Malaysian investments MANILA (AFP): Philippine Senate President Ernesto Maceda hailed the voiding of a Malaysian conglomerate's purchase of a historic Manila hotel, saying that the country already had "an overdose of Malaysian investments," the Business Daily...

Polyta's estimations

Polyta's estimations JAKARTA (JP): Try Polyta's estimations of a loss of between 10 U.S. cents and US$14 per American Depository Share (ADS) for the fourth quarter of 1996 are based on a narrower Delta P of $257 a ton offset by a healthy fourth quarter sales volume of 88,912 tons, the company said.

Cavalry to acquire 18 French armored cars

Cavalry to acquire 18 French armored cars JAKARTA (JP): The Army is soon to acquire 18 state-of-the-art French light armored cars, Antara reported.The news agency said the ULTRAF reconnaissance vehicles would be entrusted to the Bandung-based Cavalry Weapons Center.

Ramadhan time for Jakarta

Ramadhan time for JakartaTuesday Maghrib 6:20 p.m.Wednesday Imsak 4:27 a.m. Subuh 4:37 a.m.