Indonesian Political, Business & Finance News

Search Archive

Search Tips

You can use boolean operators in your search:

  • pugilist AND basketball - Both words must appear
  • jakarta OR surabaya - Either word can appear
  • jakarta NOT politics - Must have jakarta but not politics
  • +jakarta -politics - Must have jakarta, must not have politics
  • "exact phrase" - Search for exact phrase
  • basket* - Wildcard (matches basketball, basket, etc.)

Found 1,254 articles

DPR urges government to deliver four bills on tax reform soon

DPR urges government to deliver four bills on tax reform soon JAKARTA (JP): The government, which wants to revise the country's tax system to increase revenues, was challenged yesterday by the House of Representatives (DPR) to deliver four bills on taxes by the end of this year.

Govvernment to reduce its borrowing in yen

Govvernment to reduce its borrowing in yen JAKARTA (JP): The government will reduce the portion of foreign aid in yen to lower the risks caused by fluctuations on the foreign exchange market, an official says.

Sumalindo more than doubles net profits

Sumalindo more than doubles net profits JAKARTA (JP): PT Sumalindo Lestari Jaya, the timber unit of the Astra group, more than doubled its net profits to Rp 36.09 billion (US$16.75 million) last year and increased its earnings per share by 98.

Be selective in buying new house, Wardiman says

Be selective in buying new house, Wardiman says JAKARTA (JP): Minister of Culture and Education Wardiman Djojonegoro said yesterday that people should be selective before buying new houses offered by developers.

Share prices on Jakarta Stock Exchange

Share prices on Jakarta Stock Exchange JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX), which eroded by 17 points in the first three days of the week, continued declining yesterday.The broad-based Composite Index fell six points to 487.10 yesterday from 494.32 on Wednesday.

Faldo, Frost, Singh to play in Asian Masters

Faldo, Frost, Singh to play in Asian Masters JAKARTA (JP): Golf world beaters David Frost of South Africa, Vijay Singh of Fiji and Nick Faldo of Britain will try to tame the plush Bali Golf and Country Club when they play in the US$345,000 Asian Masters in November.

Northern Yemen attacks Aden after UN cease-fire order

Northern Yemen attacks Aden after UN cease-fire order ADEN (Reuter): A northern Yemeni missile attack killed or wounded about 20 people, including worshipers at dawn prayers, in the secessionist stronghold Aden yesterday just hours after the United Nations called for a cease-fire, security and...

2,000 delegates expected for 1994 fair

2,000 delegates expected for 1994 fair JAKARTA (JP): Governor Surjadi Soedirdja yesterday said he expected 2,000 delegates from local and foreign companies to participate in the Jakarta trade fair from June 18 to July 16."Last year only 1,912 people took part," Surjadi recalled.

College seeks reconciliation

College seeks reconciliation SALATIGA, Central Java: The Christian Satyawacana University has formed a team to explore ways of bringing about reconciliation among its divided campus, split by the election of a new rector last year.

Judaism feared to be lurking in heart of charity

Judaism feared to be lurking in heart of charityBy Riyadi JAKARTA (JP): The Rotary and Lions Clubs of Indonesia, two organizations that have been active in charity and social work, are strongly denying recent suggestions that there are Zionist influences within their organizations.

Standard & Poor's defends appraisal of local banks

Standard & Poor's defends appraisal of local banks JAKARTA (JP): A spokesman for Standard & Poor's, an American rating company which has been criticized for its recent appraisal on the Indonesian banking industry, defended its conclusions, yesterday, saying that the valuation was made under...

Activists send video tape to East Timor conference

Activists send video tape to East Timor conference JAKARTA (JP): Scholar George Aditjondro and human rights campaigner H.J.C. Princen have decided to stay away from the controversial conference on East Timor in Manila, but their views will still be expressed at the forum.

RI swimmers prepare for Hiroshima

RI swimmers prepare for Hiroshima JAKARTA (JP): Indonesian swimmers are making preparations for the 12th Asian Games in Hiroshima with a one-month stint in the United States.The national squad, made up of six male and five female swimmers, will undergo their training sessions at the Mike Dickson...

Forest revenues expected to triple in next five years

Forest revenues expected to triple in next five years JAKARTA (JP): The Ministry of Forestry hopes to collect Rp 3.8 trillion (US$1.79 billion) in forest royalties and Rp 1.7 trillion in reforestation funds in the coming five years.

AC Milan promises to perform full-force against Persib

AC Milan promises to perform full-force against Persib JAKARTA (JP): Forget the impossible dream of beating AC Milan, but a goal scored by national amateur intercity soccer champion Persib Bandung in its international friendly match against the European champion tomorrow will worth Rp 3 million...

U.S. wants help to combat drug trade

U.S. wants help to combat drug trade KUALA LUMPUR (AFP): A top U.S. narcotics official yesterday sought greater cooperation in intelligence-sharing from Southeast Asian nations to combat the burgeoning drug trade."The U.S.

Playing by the rules

Playing by the rules Skirmishes broke out between student protesters and security troops in Bandung on Wednesday, only days after West Java military authorities issued an official ban on demonstrations.

No training for RI troops on security

No training for RI troops on security CANBERRA (AFP): The Australian government yesterday gave details of training given to Indonesian special forces but denied they were trained for counter-insurgency or internal security roles.

PT Inalum faces financial crisis due to slump in aluminum price

PT Inalum faces financial crisis due to slump in aluminum price MEDAN, North Sumatra (JP): Steady declines in prices and production, and increases in operational spending have thrown PT Indonesia Asahan Aluminum (PT Inalum), a aluminum-smelting joint venture between Indonesia and Japan, into...

Landslides bury four villagers

Landslides bury four villagers BANDA ACEH, Aceh: A man and his wife and their two children were killed when their hillside home was buried by a landslide in Badar, Southeast Aceh.Another son is still missing and a daughter survived the ordeal after rescue workers dug her out of the mud, the Antara...

Where to go in Jakarta:

Where to go in Jakarta:Music * The Aryaduta Jakarta, Jl. Prapatan 44-48, Central Jakarta: - Ambassador Lounge: Amir (pianist) Monday to Friday 7:30 a.m. to 9:30 a.m., Saturday 8 a.m. to 10 a.m.; Boece (pianist) & Rima Monday to Thursday 7 p.m. to 11:30 p.m., Friday & Saturday 7 p.m. to 00:30 a.m.

Indonesian aviation industry in dire needs of skilled workers

Indonesian aviation industry in dire needs of skilled workers JAKARTA (JP): Indonesia will likely fail to provide the additional 15,000 skilled personnel demanded by its own civil aviation industry in the newly begun Sixth Five Year Development Plan (Repelita VI) period, an official says.

Phone application deadline extended

Phone application deadline extended The Jakarta Office of the State-owned Telecommunications Company (PT Telkom Witel IV) has extended the deadline for registering new telephone applicants to June 15.According to office manager Djaman Sinaga, the extension is to accommodate the favorable public...

Museum set to revive chewing betel habit

Museum set to revive chewing betel habit JAKARTA (JP): The National Museum has launched a campaign to preserve, or even revive, one of the nation's favorite pastimes that has now become almost a dying art -- chewing betel.

TV today

TV todayTVRI 2:30 p.m Cartoon: I'm Telling 3:05 Langka & Unik 3:30 Science Film: Zero One Magazine 4:00 Student Quiz 4:30 TV Series: Ibn Taimiyah 5:00 Regional News 5:30 Harmony in Life 6:05 Nusantara the Beloved Country: West Sumatra 6:15 Village Program 6:45 Giant Aquarium 7:00 Evening News 7:30...

84 to be prosecuted for Medan riots

84 to be prosecuted for Medan riots MEDAN, North Sumatra (JP): The government plans to prosecute a total of 84 people in connection with the April workers' riot that left one businessman dead.Officials disclosed yesterday however that not all of them are workers, confirming earlier government...

Is arbitration answer to labor rifts?

Is arbitration answer to labor rifts?By Ridwan M. Sijabat JAKARTA (JP): Amid the proliferation of industrial disputes in Indonesia, union leaders and labor experts say the time has come for the country to look at alternative ways of resolving these conflicts.

Agency undercuts police with illegal tickets

Agency undercuts police with illegal tickets JAKARTA (JP): The City Traffic and Land Transportation Control Agency (DLLAJ) has issued illegal tickets to fine traffic violators, reliable police sources disclosed Wednesday.

Lippo Village has country club

Lippo Village has country club Lippo Village, an exclusive and vast housing complex in Tangerang, has announced the establishment of the Imperial Country Club.Herman Widjaja, a spokesman for the club, said Wednesday the club cost US$32 million.

U.S. idealism irritates Southeast Asia

U.S. idealism irritates Southeast AsiaBy Masaomi Terada SINGAPORE: An assistant U.S. secretary of state recently Warren Christopher to shift U.S.-Asian policies. The memo from Winston Lord has caused a widespread stir, but Asian views about the United States are along doing an about-face.

Maman claims he took his cues from Bapindo top executives

Maman claims he took his cues from Bapindo top executives JAKARTA (JP): The former deputy manager of Bapindo's branch in Jakarta testified in court yesterday that he took his cues from the head office in handling the loans for Eddy Tansil, who is being tried for swindling US$448 million from the...

Abuses of power

Abuses of power On May 25, 1994, in his speech before the 12th National Banking Congress, President Soeharto explicitly mentioned the problems of bad loans, like the Bapindo credit fiasco. At that time the President appealed to all institutions concerned to find legal ways of solving the problem of...

Sarwono to beef up environmental watchdogs

Sarwono to beef up environmental watchdogs JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja plans to beef up the Agency for Environment Control (Bappedal) by creating a new division that will extend the agency's reaches in the region.

High school students greet final exam result

High school students greet final exam result JAKARTA (JP): Many high school students in the city seemed heedless of their future yesterday as they were swept up in the emotion of joy after the announcement of their final exam results.

Concibune meets tragic end in 'Raise the Red Lantern'

Concibune meets tragic end in 'Raise the Red Lantern'By Jane Freebury JAKARTA (JP): This stern and beautiful film directed by Zhang Yimou was released in cinemas overseas several years ago but never reached movie theaters here.

W. Jakarta mayor rousts illegal residents from his district

W. Jakarta mayor rousts illegal residents from his district JAKARTA (JP): West Jakarta Mayor Sutardjianto said yesterday he wants to see scavengers get out of his territory."If they (the scavengers) don't have any land here, they must leave the (West Jakarta) mayoralty.

NGOs raise question over laborer's death

NGOs raise question over laborer's death JAKARTA (JP): Legislators buckled to activists' demands yesterday to question the police's finding that suicide was the cause of death of a female labor activist in the West Java town of Sumedang.

Emha to appear at college

Emha to appear at college SEMARANG, Central Java: The noted poet Emha Ainun Najib who has been banned from speaking at public forums in Central Java in recent years is scheduled to address a seminar at the University of Diponegoro.

Jobs limited in apprenticeship program

Jobs limited in apprenticeship program JAKARTA (JP): Around 1,000 Jakarta high school students flocked to the Jakarta office of the Ministry of Education and Culture for part-time jobs at either private or state companies yesterday, only to find there are not enough positions available.

Dai-ichi apologizes

Dai-ichi apologizes In reply to the letter which appeared in "Your Letters" (The Jakarta Post, May 31, 1994), I would like to offer my sincere apologies to Mr. Ferry Adiwono of Singapore for any inconvenience caused during this unfortunate incident.

Lumber firms need strong commitment to sustainability

Lumber firms need strong commitment to sustainability JAKARTA (JP): Minister of Forestry Djamaloedin Soeryohadikoesoemo said yesterday that the timber firms of the future will have a strong commitment to sustainability, high sensitivity to global and environmental changes, strong attention to...

Salim Group accepts govt's penalty

Salim Group accepts govt's penalty JAKARTA (JP): The Salim Group will accept the decision of the Minister of Forestry to cancel its license to convert 570,000 hectares of forests into plantation areas, the group's president, Anthony Salim, says.

Door widened for foreign investment

Door widened for foreign investment JAKARTA (JP): The Indonesian government has significantly eased restrictions on foreign investors, freeing them from the minimum capital requirements and ending compulsory equity divestment for joint ventures.

Indonesia and Turkmenistan agree on direct trade

Indonesia and Turkmenistan agree on direct trade JAKARTA (JP): The governments of Indonesia and Turkmenistan agreed yesterday to begin direct trade.President Soeharto and his counterpart Saparmurat Niyazov explored the trade areas that the two countries can develop.

Lippo Pacific

Lippo PacificCorrection: The US$16.5 million loan facility, as mentioned in our story Lippo Pacific gets $16.5m syndicated loan yesterday, was not for PT Lippo Pacific but for PT Prudential Hotel Development, a subsidiary of the Lippo Group.

Growth Triangle preparations go forth

Growth Triangle preparations go forth MEDAN (JP): The third ministerial meeting on the Indonesia, Malaysia and Thailand Growth Triangle (IMT-GT) project ended here yesterday with an accord to eliminate the remaining obstacles to the tri-partite economic cooperation as soon as possible.

Fathers of aborted ICKI trade accusations

Fathers of aborted ICKI trade accusations JAKARTA (JP): The plan to establish the Association of Nationalist Intellectuals (ICKI) has fallen apart, and the two figures who were trying to found the group are now trading accusations about who sold out the organization.

Employers need time to adjust to wage hikes

Employers need time to adjust to wage hikes JAKARTA (JP): An association representing employers is calling on the government to give them more notice next time it hikes the minimum wage levels.APINDO, an employers association, said many of its members were caught unawares by the increases enforced...

'Schindler's List' finally banned

'Schindler's List' finally banned JAKARTA (JP): Indonesian censors have banned the showing of the Oscar-winning film Schindler's List, saying that it contains too much violence and nudity.Soekanto, the Executive Director of the Film Censorship Board, told The Jakarta Post yesterday the decision was...

AC Milan here sparking frenzy from local fans

AC Milan here sparking frenzy from local fans JAKARTA (JP): After a twenty-four hour delay, soccer giant AC Milan arrived here yesterday to a boisterous welcome from a frantic and enthusiastic crowd of 200 and about 50 security guards.