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Found 1,533 articles

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on June 24, 1997: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 2,100 50 1,451,500 AHAP Insurance 2,675 0 0 Alter Abadi 1,025 0 0 Alumindo Light Metal 1,150 25 242,500...

Gunung Agung sues Jagata for $612m

Gunung Agung sues Jagata for $612m JAKARTA (JP): The Gunung Agung group is suing PT Jagata Primabumi for US$612 million over a dispute over a purchase agreement for debt-ridden Bank Arta Prima.Gunung Agung's president, Lego Nirwhono, announced yesterday that the company had filed a lawsuit at the...

Shopping for hardware

Shopping for hardware News that Indonesia is seriously considering buying military hardware, in particular jet fighters, from Russia has been a subject of considerable discussion in the past few days. This is partly due to the fact that just a few weeks ago Indonesia canceled a deal to buy nine...

Construction sector pushes cement demand

Construction sector pushes cement demand JAKARTA (JP): The growing construction industry will increase Indonesian cement demand to 30 million tons next year from about 28 million tons this year and 15.4 million tons last year, the country's largest cement producer predicted yesterday.

PLN, Telkom and Garuda are allowed to sell Game stickers

PLN, Telkom and Garuda are allowed to sell Game stickers JAKARTA (JP): The government has decided that from now on only three state-owned companies will be allowed to sell fund-raising stickers for the 19th Southeast Asian (SEA) Games.

Indofood projects 45% increase in net profit

Indofood projects 45% increase in net profit JAKARTA (JP): Publicly listed PT Indofood Sukses Makmur projected yesterday its net profit would grow 45 percent to Rp 508 billion (US$205 million) this year.

Local govts ordered to create relief funds

Local govts ordered to create relief funds JAKARTA (JP): President Soeharto ordered all provincial, regency and mayoralty administrations yesterday to set up disaster relief funds in their budgets.The special funds would speed up efforts to help victims of natural disasters, he said.

Malaysia's palm oil output seen rising

Malaysia's palm oil output seen rising HAMBURG (Reuter): Malaysian palm oil output in calendar 1997 is estimated at 8.81 million tons compared with 8.39 million in 1996, Oil World newsletter said, revising an April forecast for 8.40 million.

Old ties draw Dutch families back to Indonesia

Old ties draw Dutch families back to IndonesiaBy Natasha Sky JAKARTA (JP): It was love at first sight when young Ad de Leeuw was introduced to the wild jungles of Indonesia in his aunt's living room in Holland."I remember it was 1953 and the Dutch had just been kicked out of the country.

Dow, Sinopec in $3b deal

Dow, Sinopec in $3b deal BEIJING (AFP): U.S-based Dow Chemical Co. has signed a letter of intent with China Petrochemical Co. (Sinopec) to set up a three billion dollar joint venture in the northeastern city of Tianjin, the China Daily reported yesterday.

President accepts new title

President accepts new title JAKARTA (JP): President Soeharto agreed yesterday to accept the title Indonesia's Patron of Cooperative Promoters awarded him by the Indonesian Cooperatives Council.Secretary-general of the Indonesian Cooperatives Council, Agus Sudono, said the subject was raised by the...

Golkar celebrates election victory, 'a gift from Allah'

Golkar celebrates election victory, 'a gift from Allah' JAKARTA (JP): Golkar chairman Harmoko led yesterday's celebration of the ruling party's landslide victory in the 1997 election, and called the win "a gift from Allah".Harmoko reiterated that the poll had proceeded according to the law.

Govt to keep lid on cheap housing prices

Govt to keep lid on cheap housing prices JAKARTA (JP): Minister of Public Housing Akbar Tandjung said yesterday the government would not let the cost of cheap housing rise, despite developers' requests for adequate profit.

Minor grievance

Minor grievance Just a minor grievance over The Jakarta Post's editing of my letter titled U.S.-RI relations (June 24).The last paragraph read as follows: "I am also sure that many diplomats would find it easier to host, say, a visiting cardinal than a visiting U.S. Congressman.

Small traders receive training to boost business

Small traders receive training to boost business JAKARTA (JP): "Don't be surprised if there are Vietnamese shops next to yours one day". This was the message given to small traders at a workshop on how to improve their businesses.

RI reform running out of stream: Sumitro

RI reform running out of stream: Sumitro JAKARTA (JP): Indonesia's most senior economist Sumitro Djojohadikusumo shares the World Bank's concern that economic reform in the country has lost momentum."After 15 years of continuous deregulation, I now sense a slackening commitment on the part of the...

An unappetizing take on Betawi food

An unappetizing take on Betawi food Beyond the hip joints, nouvelle franchises and chintz- curtained gourmet havens that compose my epicurean world lies the almost unmapped quarter inhabited by places such as the Cempaka Hotel.

Pulp mill study approval upsets environmentalists

Pulp mill study approval upsets environmentalists JAKARTA (JP): The Indonesian Forum for Environment (Walhi) criticized the government yesterday for accepting an incomplete feasibility study for the development of a giant pulp mill in South Sumatra.

Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Horison, Jl. Pantai Indah, Taman Impian Jaya Ancol, North Jakarta: - The Anging Mamiri Garden: Fantastic Group from Philippines, Ever Green Hawaiian Band/Orkes Keroncong, Hula-hula Dances, every Saturday Night, 7 p.m. to 10:30 p.m.

RP may raise interest rates on baht woes

RP may raise interest rates on baht woes MANILA (Reuter): Philippine interest rates could rise as the government tries to fend off any spillover from the crisis facing the Thai baht, bankers said yesterday.

Naman Kawi gets seven years' jail for bank fraud

Naman Kawi gets seven years' jail for bank fraud JAKARTA (JP): All five defendants in the Bank Indonesia fraud case, which cost the bank Rp 7 billion (US$2.9 million), were sentenced to between two years' to seven years' imprisonment yesterday and Monday.

Globalization of financial services

Globalization of financial services In the midst of efforts to consolidate financial and banking services in this country, the need for our financial services to be prepared to enter the era of globalization is becoming increasingly urgent.

Minister calls for new direction in agro-policy

Minister calls for new direction in agro-policy JAKARTA (JP): Higher consumer spending on value-added food products and increasing demand for processed foods will force the government to create policies that favor agriculture and agro- based processing industries, a minister says.

152 workers poisoned

152 workers poisoned JAKARTA (JP): As many as 152 construction workers were hospitalized after they ate at a food stall at a construction site on Jl. Gajah Mada, West Jakarta. No fatalities reported.City Police Spokesman Lt. Col. E.

RI Fed Cup team has narrow chance

RI Fed Cup team has narrow chanceBy Bruce Emond JAKARTA (JP): Yayuk Basuki should have been happy last week. She reached the final at the DFS Classic in Birmingham, Britain, beating world number 10 Rumanian Irina Spirlea on the way. Her World Tennis Association (WTA) ranking jumped six places to 25.

Trial open over April's eight-hour blackout

Trial open over April's eight-hour blackout JAKARTA (JP): A trial against state-owned electricity company PLN over an eight-hour blackout started yesterday at the South Jakarta District Court.The Indonesian Consumers Foundation filed a class action on behalf of more than one million people affected...

Sempati to link Belitung and Singapore

Sempati to link Belitung and Singapore JAKARTA (JP): Sempati Air and Pecatu Indah Group, both controlled by businessman Hutomo (Tommy) Mandala Putra, signed an agreement here yesterday to develop tourism in Belitung, an island off South Sumatra.

Judge shocked to hear about illegal levies

Judge shocked to hear about illegal levies JAKARTA (JP): The presiding judge at the Central Jakarta District Court was shocked yesterday to hear about the rampant corruption involving city security officers who victimized street vendors.

Man shot for resisting arrest

Man shot for resisting arrest JAKARTA (JP): Police shot and wounded a man when they went to arrest him at a house in Pasar Minggu, South Jakarta, Monday on charges of buying stolen goods.South Jakarta Police Chief Lt. Col.

Bintang to split shares

Bintang to split shares JAKARTA (JP): Shareholders of publicly listed PT Asuransi Bintang agreed yesterday to distribute Rp 1.38 billion (US$563,725) or Rp 300 a share as dividends and split the par value of its shares.The general insurance company said the dividend pay out would account for 56.

Book bargain at Monas

Book bargain at Monas JAKARTA (JP): Try your luck at a book bargain this weekend at the National Monument Park. From 9 a.m. to 9 p.m., book vendors to major publishers will hawk their wares at the park.

Police seize detonators

Police seize detonators UJUNGPANDANG, South Sulawesi: Police have seized 2,000 detonators smuggled from India which were intended for fish bombing.The alleged smuggler, identified only as Bah, had been arrested here June 21 while disembarking a ferry from Tarakan, East Kalimantan, city detective...

Indonesia to select lifters for SEA Games

Indonesia to select lifters for SEA Games JAKARTA (JP): The Indonesian Weightlifting, Powerlifting and Bodybuilding Association will stage the final selection for the 19th Southeast Asia (SEA) Games weightlifting team this week.

Azwar denies probe into Revolution Fund

Azwar denies probe into Revolution Fund JAKARTA (JP): A senior cabinet minister denied yesterday that President Soeharto had ordered him to investigate whether a Revolution Fund, reportedly worth up to US$16 billion, existed.

RI eyes Croatian drugs

RI eyes Croatian drugs ZAGREB (Reuter): Indonesia is interested in buying pharmaceutical products from two major Croatian drugs companies, state television said on Monday.An Indonesian delegation led by the health minister Sujudi visited Croatia's flagship pharmaceutical companies Pliva and Belupo...

Jakarta International Festival marries East and West

Jakarta International Festival marries East and WestBy Yenni Kwok JAKARTA (JP): Organizers of Jakarta International Festival 1997 (Jakfest '97) are clearly intent on dismantling Rudyard Kipling's pessimism that the twain never meets between East and West.

'Mikrolet' drivers finally return to their routes

'Mikrolet' drivers finally return to their routes JAKARTA (JP): Many drivers of mikrolet transit vans returned to work yesterday after the transportation authority caved in to some of their demands.But thousands of people remained stranded in areas where the drivers' strike, which began early this...

TV today

TV todayTVRI 2:30 p.m. News: Lintas Nusantara 2:40 Travel: My Country 2:45 Family's Film: Road to Avonlea 3:10 Children's Program: Anak-Anak Indonesia 3:35 Talk Show: Kotak Pos 4:00 Regional News 4:30 Education Quiz: Cepat Tepat 5:10 TV Series: Topacio 5:55 Music 6:00 News: Lintasan Berita 6:05...

New bus permits 'not based on needs'

New bus permits 'not based on needs' JAKARTA (JP): The Chairman of the Organization of Land Transportation Owners (Organda) said yesterday that the addition of permits for new vehicles was not based on apparent needs.

Vietnam gets fewer tourist

Vietnam gets fewer tourist HANOI (Reuter): Vietnam, which has been a strong tourist and business draw since opening its doors to the outside world, appears to be losing some of its allure.An official at the National Administration of Tourism said on Tuesday that 700,000 foreigners had visited the...

Taman Ria park gets first visitors

Taman Ria park gets first visitors JAKARTA (JP): Children from the Assyafi'iah orphanage in East Jakarta swarmed through the nearly completed Taman Ria Senayan amusement park on Saturday.Screams and laughter rang out as older junior high students whirled through the loops of the roller coaster.

APEC transport ministers seek to ride growth

APEC transport ministers seek to ride growth VICTORIA, British Columbia (Reuter): Anticipating a boom in passenger and freight traffic, transportation ministers and industry experts from Asia-Pacific countries met on Monday to discuss how to ensure transport links keep pace with economic and trade...

Disappointed voter

Disappointed voterFrom Media IndonesiaI am concerned about Golkar's decision to give its surplus votes to the Indonesian Democratic Party (PDI). During the campaign period I made every effort to visit family and friends to explain to them why they should vote for Golkar.

Beware of Merapi lava

Beware of Merapi lava YOGYAKARTA: The mass of more than four million cubic meters of cold lava on Merapi is increasing by 53,000 cubic meters a day, an official said here yesterday.Mas Atje Purbawinata, from the directorate general of volcanology in charge of monitoring Mount Merapi, said the lava...

Salor protests referee as draw request rejected

Salor protests referee as draw request rejected JAKARTA (JP): West Java International Master Salor Sitanggang protested international referee Jamil Jamal in the third round of the Bali Jeff-RCA Grandmaster Chess Tournament on Monday.

New customs system 'creates uncertainty'

New customs system 'creates uncertainty' JAKARTA (JP): Importers are concerned by uncertainties in some areas of the new customs clearance system, analysts said here yesterday.I Nyoman Moena, a former president of PT Surveyor Indonesia and currently a trade analyst, and Munti Yarso of PT SGS...

Police arrest 7th suspect in Bank Arta Prima scam

Police arrest 7th suspect in Bank Arta Prima scam JAKARTA (JP): Police arrested yesterday one more businessman for his alleged involvement in corruption related to the issuance of commercial papers and bad credit at Bank Arta Prima.City Police Chief Maj. Gen.

Squatters at human rights body ask for public help

Squatters at human rights body ask for public help JAKARTA (JP): More than 100 Depok residents, who have been squatting on the grounds of the National Commission on Human Rights for more than two months, appealed yesterday for help from the public.

Schools unrepaired after 1992 quake

Schools unrepaired after 1992 quake MAUMERE, East Nusa Tenggara: Many schools in East Flores regency, damaged by the 1992 earthquake, have not been repaired for lack of funding, the regent said last week.

Fire razes furniture workshop

Fire razes furniture workshop JAKARTA (JP): Fire burned down yesterday a furniture workshop on Jl. Raya Cipondoh 89, Tangerang. No casualties were reported.Seven fire engines were deployed to fight the blaze which started around 4:30 a.m. and was put out by 1 p.m.