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Fri, 14 Jun 1996
PSN to raise $67m from share listing on Nasdaq
PSN to raise $67m from share listing on Nasdaq JAKARTA (JP): PT Pasifik Satelit Nusantara (PSN), the country's first private satellite and telecommunications operator, expects to raise US$67 million from floating 10.95 million shares on the Nasdaq Capital Market in the United States.
Fri, 14 Jun 1996
Argo Pantes reports 20% increase in exports
Argo Pantes reports 20% increase in exports JAKARTA (JP): PT Argo Pantes, a publicly-listed integrated textile manufacturer, said that its exports rose 20 percent to Rp 294 billion (US$124 million) last year over 1994.
Fri, 14 Jun 1996
Lampung probes Rp 6 billion scam
Lampung probes Rp 6 billion scam BANDAR LAMPUNG, Lampung: The government is investigating the alleged misappropriation of Rp 6 billion (US$2.5 million) intended to create 4,000 hectares of farm land.Chief of the provincial inspectorate Umar Hasan was quoted by Antara as saying that seven officials...
Fri, 14 Jun 1996
PT Kedawung Setia to offer 50m shares
PT Kedawung Setia to offer 50m shares SURABAYA, East Java (JP): PT Kedawung Setia Industrial, a private firm producing enamelware, is offering 50 million new shares to the public with a nominal price of Rp 500 (21 U.S. cents) each.
Fri, 14 Jun 1996
Bimantara secures $45 million loan
Bimantara secures $45 million loan JAKARTA (JP): PT Bimantara Citra, a publicly-listed conglomerate controlled by President Soeharto's second son Bambang Trihatmodjo, yesterday signed a three-year international syndicated loan of US$45 million.
Fri, 14 Jun 1996
Home minister to open PDI breakaways' congress
Home minister to open PDI breakaways' congress JAKARTA (JP): With full government backing, Indonesian Democratic Party (PDI) dissenters will hold a congress in Medan from June 20 through 24.PDI breakaway members said yesterday that Minister of Home Affairs Moch. Yogie S.M.
Fri, 14 Jun 1996
Sumitomo to boost output
Sumitomo to boost output TOKYO (AFP): Japan's Sumitomo Metal Industries Ltd. said yesterday it would boost aluminum output in Japan and Indonesia on the back of firm demand for home electronics components and construction materials in Asia.
Fri, 14 Jun 1996
Tree planting contest launched by govt
Tree planting contest launched by govt JAKARTA (JP): The office of the State Minister of Environment has initiated a regreening contest in an attempt to rejuvenate the public's interest in the One Million Trees Movement.
Fri, 14 Jun 1996
Savings lottery could help fund small businesses
Savings lottery could help fund small businesses JAKARTA (JP): Traditional savings lotteries is one alternative to fund small scale entrepreneurs, a speaker in a seminar on small businesses said."I don't mean the lottery usually held by housewives, but the same basic method can be used by market...
Fri, 14 Jun 1996
Kimberley buys Lone Star
Kimberley buys Lone Star SYDNEY (Reuter): Kimberley Diamond Co NL said it has paid A$11.13 million for a 15 percent stake in Indonesian gold miner Lone Star Exploration.Kimberley said it purchased 9.69 million shares and paid an average price of A$1.148 per share.
Fri, 14 Jun 1996
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 13, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 850 0 8,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 675 0 10,000 Andayani Megah 1,175 -50 150,500 Aneka...
Fri, 14 Jun 1996
BI widens its intervention band to five percent
BI widens its intervention band to five percent JAKARTA (JP): Bank Indonesia widened the rupiah-dollar intervention band yesterday to 118 rupiah (five percent) from Rp 66 (three percent) in a move to curb speculation on the money market.The central bank's governor, J.
Fri, 14 Jun 1996
S&P rates Polysindo notes BB minus
S&P rates Polysindo notes BB minus MELBOURNE (Reuter): Standard and Poor's Corp said yesterday it assigned its BB minus credit rating to the US$260 million senior notes issued by Indonesia's Polysindo International Finance Co B.V.
Fri, 14 Jun 1996
Building mass railway network remains difficult: Tutut
Building mass railway network remains difficult: Tutut JAKARTA (JP): The construction of a mass rapid railway network in Indonesia remains difficult to be realized due to a series of constraints, according to a leading businesswoman.
Fri, 14 Jun 1996
RI's non-tariff import barriers remain high
RI's non-tariff import barriers remain high JAKARTA (JP): Despite its continuing deregulation measures, Indonesia still maintains a relatively high level of non-tariff import barriers, economists said yesterday.William E.
Fri, 14 Jun 1996
27,000 students seek apprenticeship
27,000 students seek apprenticeship JAKARTA (JP): The governor has asked government institutions and private companies to provide high school students with work experience during their break from school.
Fri, 14 Jun 1996
Where to go in Surabaya:
Where to go in Surabaya:Music * Shangri-La Hotel, Jl. May. Jend. Sungkono 120: - Desperados Bar & Cafe: Kilimanjaro Connection Band, from 9:30 p.m. to 1:30 p.m. nightly, except Sunday from 9:30 p.m. to 2:30 p.m. * Sahid Surabaya Hotel, Jl.
Fri, 14 Jun 1996
Water stoppage in Central Jakarta
Water stoppage in Central Jakarta JAKARTA (JP): The city-owned water company, PAM Jaya, announced yesterday that tap water supplies in the Pasar Baru, Lapangan Banteng and Kantor Pos areas, which were temporarily stopped yesterday, are expected to be back to normal at 10 a.m. today.
Fri, 14 Jun 1996
Australian education boom in RI
Australian education boom in RIBy Jennie Siat JAKARTA (JP): Before 1988, international students in Australia were given free tuition fee and Medicare. A year later, the Australian government started marketing its schools in Indonesia.
Fri, 14 Jun 1996
Soeharto critic may become Aussie envoy
Soeharto critic may become Aussie envoy JAKARTA (JP): One of Australia's candidates for its Indonesian ambassadorial post, Miles Kupa, is a harsh critic of President Soeharto, a press report said yesterday.
Fri, 14 Jun 1996
Derby race at Pulo Mas track
Derby race at Pulo Mas track JAKARTA (JP): Sixty-eight horses from nine provinces will compete for total cash prizes of Rp 24.5 million in a derby at the Pulo Mas track on Sunday.The derby, which is organized to celebrate Jakarta's 469th anniversary, will feature seven races with the Jakarta Derby...
Fri, 14 Jun 1996
S'pore to repatriate boat people
S'pore to repatriate boat people SINGAPORE (Reuter): Singapore will repatriate the Vietnamese boatpeople from its one refugee camp early next week, the Home (Interior) Ministry said yesterday.It said in a statement preparations had begun to repatriate the boatpeople following the decision of the...
Fri, 14 Jun 1996
Unity in diversity
Unity in diversity What is a more eloquent slogan than "Unity in Diversity", picturing the unity of the Indonesian people consisting of many ethnic groups welded into one strong nation?In spite of the many different races and their dialects, we are very happy and proud that the Indonesian language...
Fri, 14 Jun 1996
Yayuk improves world ranking
Yayuk improves world ranking JAKARTA (JP): Indonesian tennis queen Yayuk Basuki, who was eliminated in the third round of the French Open by Lindsay Davenport, has improved her world ranking from 28th to 26th.The Women's Tennis Association announced on Tuesday that Yayuk had earned 51.
Fri, 14 Jun 1996
If the governor hates tobacco...
If the governor hates tobacco... KENDARI, Southeast Sulawesi: Governor La Ode hates tobacco so much that he refuses to sign any documents smelling of cigarette smoke."You can expect me to refuse any documents that smell of tobacco," he told his senior staff in a meeting here yesterday.
Fri, 14 Jun 1996
Experts call again for abolition of subversion law
Experts call again for abolition of subversion law SEMARANG (JP): Experts are making a fresh call for the abolition of the anti-subversion law which they say is outdated, defective and trampling on people's rights.
Fri, 14 Jun 1996
'Tempo' ban declared lawful
'Tempo' ban declared lawful JAKARTA (JP): The Supreme Court yesterday overturned a decision by the Jakarta State Administrative Court allowing the respected news weekly Tempo to resume publication after a 1994 government ban.
Fri, 14 Jun 1996
SE Asian corn prices under supply pressure
SE Asian corn prices under supply pressure BANGKOK (Reuter): Domestic corn prices in Thailand and Indonesia are likely to be under supply pressure from imports and local harvests over the next week, traders in both countries said.
Fri, 14 Jun 1996
TV today
TV todayTVRI 2:30 p.m. My Country 3:05 Teenage Program: Remaja Indonesia 3:30 TV Series: Fresh Prince of Bell Air 4:05 Comedy 4:30 Quiz: Cerdas Cermat 5:00 Evening News 5:30 Business: Kepercayaan Sebagai Modal Dasar 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: Bali 6:15 Village...
Fri, 14 Jun 1996
Regents told to raise funds for national plane project
Regents told to raise funds for national plane project JAKARTA (JP): President Soeharto yesterday asked regent chiefs and city mayors throughout Indonesia to lead the fund raising campaign in their respective areas for the $2 billion jet project of state aircraft maker IPTN.
Fri, 14 Jun 1996
Agrarian research must be at local level
Agrarian research must be at local level JAKARTA (JP): Agricultural research and development (R&D) needs to be conducted at the local level to help communities identify and promote the most promising commodities in their respective regions, Minister of Agriculture Sjarifudin Baharsjah said...
Fri, 14 Jun 1996
The 'Tempo' verdict
The 'Tempo' verdict The Supreme Court yesterday overturned a decision pronounced last November by the Jakarta Administrative High Court, which ordered Minister of Information Harmoko to issue a permit allowing the news magazine, Tempo, to resume publication.
Fri, 14 Jun 1996
Kobatama gets two foreign feferees
Kobatama gets two foreign feferees JAKARTA (JP): Two international referees from the Philippines will be working the third leg of the Kobatama basketball league at Senayan Basketball Hall, after the local referees failed to impress in a match of the second leg in Semarang, Central Java.
Fri, 14 Jun 1996
Citra toll road companies get $650 million in loans
Citra toll road companies get $650 million in loans JAKARTA (JP): Two toll road development firms under the politically-well-connected Citra Group have got syndicated loans totaling Rp 1.53 trillion (US$650 million) from domestic banks to build highway projects in the city.
Fri, 14 Jun 1996
Arrogant rich
Arrogant richFrom Media IndonesiaModernland Tangerang housing complex has a reputation of being exclusive. That motorists are not allowed to enter the complex from Jl. Cipondoh Raya is an indication of its exclusivity. Instead, motorists must use the gate on Jl.
Fri, 14 Jun 1996
RI needs to adjust laws with UN resolutions
RI needs to adjust laws with UN resolutions SEMARANG (JP): Indonesia needs to adjust its legal rulings so that they are more congruent with the resolutions of the United Nations' Congress on Prevention of Crime and Criminal Justice, an expert says.
Fri, 14 Jun 1996
Ill-fated RI plane insured for $26.5m
Ill-fated RI plane insured for $26.5m LONDON (Reuter): An Indonesian DC-10 aircraft which caught fire yesterday after failing to take off from Fukuoka airport in Japan was insured for $26.5 million, London insurance market sources told Reuters.
Fri, 14 Jun 1996
Press Center welcomed
Press Center welcomed JAKARTA (JP): Governor Surjadi Soedirdja has asked his subordinates and the Jakarta branch of the Indonesian Journalists Association to create a detailed plan for a proposed Jakarta Press Center building.
Thu, 13 Jun 1996
Securitization process a dilemma for BI
Securitization process a dilemma for BI JAKARTA (JP): The current securitization of assets and liabilities is putting Bank Indonesia in a delicate position, said the central bank governor, J. Soedradjad Djiwandono.
Thu, 13 Jun 1996
Wayang at the House
Wayang at the House JAKARTA (JP): The House of Representatives plans to hold a leather puppet wayang kulit show on June 14 to commemorate the Islamic New Year.The chairman of the organizing committee, Y.
Thu, 13 Jun 1996
Tuberculosis remains number two killer
Tuberculosis remains number two killer JAKARTA (JP): Despite decades of hard work to eradicate tuberculosis, the disease remains the number two killer in Indonesia, an expert said yesterday.Pulmonologist Hadiarto Mangunnegoro, head of respiratory diseases at University of Indonesia's School of...
Thu, 13 Jun 1996
Foreign languages
Foreign languages I read in your paper dated May 17, 1996, an article called "Secondary school English classes not effective," and would like to make the following comments.It must be clearly understood that Indonesia does not have or practice a second language.
Thu, 13 Jun 1996
Golkar to field more women candidates in '97
Golkar to field more women candidates in '97 JAKARTA (JP): Ruling political organization Golkar will field more female candidates in next year's general election for the House of Representatives and local legislatures, Secretary- General Ary Mardjono said yesterday.
Thu, 13 Jun 1996
Satelindo may get $248m in revenue
Satelindo may get $248m in revenue JAKARTA (JP): PT Satelit Palapa Indonesia (Satelindo), a telecommunications operator, expects to gain Rp 584.5 billion (US$248 million) in revenue this year from its business of satellites, international telephone calls and digital cellular telephones.
Thu, 13 Jun 1996
Stock Exchange
Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 12, 1996: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 850 -75 5,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 675 -25 2,500 Andayani Megah 1,225 0 1,500 Aneka...
Thu, 13 Jun 1996
Young shuttlers for ABC meet
Young shuttlers for ABC meet JAKARTA (JP): Lidya Djaelawidjaja and Meiluawati, who joined Indonesia's Uber Cup team at the championships in Hong Kong last month, will represent the country at the Asian Cup badminton championships in Seoul, South Korea.
Thu, 13 Jun 1996
One killed, 100 hurt in Dhaka election
One killed, 100 hurt in Dhaka election DHAKA (Reuter): Bangladeshis voted in large numbers in the country's second parliamentary election in four months yesterday, but the polling was marred by scattered violence that killed one person and injured nearly 100.Voting closed at 4 p.
Thu, 13 Jun 1996
Three city gas stations to be relocated this year
Three city gas stations to be relocated this year JAKARTA (JP): The city administration will revoke the operation permits of three gas stations and relocate them to make way for parks.The city secretary's assistant for development and administration, Prawoto Danoemihardjo, said yesterday that the...
Thu, 13 Jun 1996
Japan's ad agencies expand operations
Japan's ad agencies expand operations SEOUL (Reuter): Advertising agencies from Japan and other parts of Asia are expanding operations around the region, creating increasingly tough competition for big Western-based groups, industry experts said yesterday.
Thu, 13 Jun 1996
Motocross 2nd leg slated for Padang
Motocross 2nd leg slated for Padang JAKARTA (JP): Three foreign crossers will participate in the second series of the Gudang Garam Motocross championships, which will be staged at the Lubuk Buaya circuit, Padang, West Sumatra on June 15 and 16.