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Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
Ramadhan time for Jakarta
Ramadhan time for JakartaWednesdayMaghrib 6:19 p.m.ThursdayImsak 4:27 a.m.Subuh 4:37 a.m.
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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).
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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...
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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.
Wed, 05 Feb 1997
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...
Tue, 04 Feb 1997
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.
Tue, 04 Feb 1997
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.
Tue, 04 Feb 1997
Ramadhan time for Jakarta
Ramadhan time for JakartaTuesday Maghrib 6:20 p.m.Wednesday Imsak 4:27 a.m. Subuh 4:37 a.m.