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 16,020 articles

Pasaraya Nusakarya to go public soon

Pasaraya Nusakarya to go public soon JAKARTA (JP): PT Pasaraya Nusakarya, a retail company owned by the ALatieF Corporation, is to offer its shares to the public through the Jakarta Stock Exchange to raise funds of over Rp 100 billion (US$42 million) to finance an expansion project.

Inflation rate 0.78 percent in April: Finance ministry

Inflation rate 0.78 percent in April: Finance ministry JAKARTA (JP): The Ministry of Finance yesterday announced an inflation rate of 0.78 percent in April, after recording deflation of 0.61 percent in March.

Police pledge to solve blocked account case

Police pledge to solve blocked account case JAKARTA (JP): Police promised yesterday to solve rapidly the dispute between the Standard Chartered Bank office here and its foreign customer whose Rp 1 billion (US$435,000) account has been frozen by the bank since January.

Motorola and Indolink First Pacific sign contract

Motorola and Indolink First Pacific sign contract JAKARTA (JP): PT Indolink First Pacific, a nationwide beeper operator, yesterday signed a US$1.8-million contract with Motorola, a telecommunications giant of the United States, for the purchase of Flex, a new transmission system.

Blueprint for stock mart

Blueprint for stock mart JAKARTA (JP): The Capital Market Supervisory Agency is scheduled to announce today a five-year stock market development blueprint.The agency's chairman, I Gede Putu Ary Suta, said yesterday that the blueprint will cover all strategies to develop local capital markets within...

Honoring Tien

Honoring TienFrom RepublikaLocated on 265 hectares of land east of Jakarta, Taman Mini Indonesia Indah reflects all the cultures and traditions that exist in Indonesia. Built 25 years ago, the park is indeed monumental and has a strong sense of environment orientation and offers to domestic as well...

400 students pledge allegiance to Golkar

400 students pledge allegiance to Golkar SURABAYA (JP): Hundreds of senior high school students in the Mojokerto regency have pledged to vote for the ruling Golkar group in the general elections next year.

Students stage protest

Students stage protest SEMARANG, Central Java: Dozens of students from the Ibu Sukirah School of Marine Technology held a protest yesterday at the provincial legislative council, saying the school's administrators have yet to register the school officially.

Board recommends heroine title for the late Mrs. Tien

Board recommends heroine title for the late Mrs. Tien JAKARTA (JP): The Central Board for the Supervision of Heroes yesterday endorsed appeals to confer the award of national heroine on the late First Lady Mrs. Tien Soeharto.

Soeharto wants Tansil captured

Soeharto wants Tansil captured JAKARTA (JP): President Soeharto yesterday called for the swift recapture of business tycoon Eddy Tansil who, allegedly with the help of insiders, escaped from prison on Saturday.

Regencies hit by earthquakes

Regencies hit by earthquakes TERNATE, Maluku: The cities of Ternate and Soasio in the regencies of Central Halmahera and North Maluku were hit yesterday afternoon by an earthquake measuring 5.5. on the open Richter scale, Antara reported.

Eddy Tansil's escape

Eddy Tansil's escape Once again the name of Eddy Tansil in on everybody's lips. On Saturday last week the man who hit the headlines in 1994 by defrauding the state-owned Bank Pembangunan Indonesia -- the Development Bank of Indonesia or Bapindo -- to the sweet tune of Rp 1.

Radarsat leaders due here

Radarsat leaders due here JAKARTA (JP): Executives from Radarsat International Inc. (RSI) of Vancouver, Canada, and several Canadian firms engaged in satellite data utilization, application and analysis, will start a three-day visit here next Tuesday.

Golden Key Group boss Eddy Tansil rarely travels alone

Golden Key Group boss Eddy Tansil rarely travels aloneBy Endy M. Bayuni JAKARTA (JP): When businessman Eddy Tansil fell from grace, he did not go down alone. Five government bankers have gone to prison, a judge has been under investigation, and two former powerful cabinet ministers were discredited.

Banks told to stimulate local capital market

Banks told to stimulate local capital market JAKARTA (JP): The Capital Markets Supervisory Agency (Bapepam) has called on custodian banks and fund managers to establish mutual funds to help inject badly needed "blood" into local capital markets.

Pasar Festival to be ready

Pasar Festival to be ready JAKARTA (JP): A new retail and food center in the Soemantri Brodjonegoro sports complex on Jl. HR Rasuna Said in Kuningan, South Jakarta, is nearing completion, with more than 40 retail and food outlets scheduled to open.

Pefindo supports foreign entry

Pefindo supports foreign entry JAKARTA (JP): Pefindo, Indonesia's only rating agency, does not object to the possible entry of world-class players such as Standard & Poor's and Moody's Investors Services into the country, the company's president, Farid Harianto, said here yesterday.

Argha Karya's profits up

Argha Karya's profits up JAKARTA (JP): PT Argha Karya Prima Industry, an integrated manufacturer of flexible packaging in the NAPAN Group, yesterday reported an 8-percent increase in net profits to Rp 25 billion last year from Rp 23 billion (US$9.8 million) in 1994.

ASEAN senior officials discuss Pacific Concord

ASEAN senior officials discuss Pacific Concord YOGYAKARTA (JP): Senior officials from the Association of Southeast Nations (ASEAN) yesterday explored the possibility of ensuring even greater regional security by establishing a Pacific Concord and a Code of Conduct for the Spratlys.

Spaniard Sainz makes debut at Medan World Rally

Spaniard Sainz makes debut at Medan World Rally MEDAN, North Sumatra (JP): The third leg of the 1996 FIA World Rally Championship starting tomorrow is due to hot up in more ways than one in the tropical Rally of Indonesia where men and machines face the scorching heat and high humidity of Sumatra's...

Resourceful students

Resourceful studentsFrom RepublikaMuch has to be done to solve the problem of the frequent student brawls in Jakarta. I think the Ministry of Education and Culture should improve the school curriculum.Young people are energetic, emotional and adventurous and failure to channel these youthful...

Real Indonesians

Real Indonesians Reading the letters on "racism in Indonesia" in response to Arief Budiman's article, I would like to comment.I, as an Indonesian citizen since 1945, while not wanting to join the rather futile fray, cannot help observing that while Arief Budiman appeared to know all the...

Where to go in Jakarta:

Where to go in Jakarta:Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Mezzanine Lounge: The Praise Vocal Group, Nightly except Sundays, from 8 p.m. to 11 p.m. * Hotel Aryaduta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Los Morenitos Vocal Group, Monday,...

Three Japanese questioned

Three Japanese questioned SEMARANG: Immigration officials here have been questioning three Japanese tourists who took part in an antinuclear demonstration in nearby Jepara on Sunday.The three Japanese, identified as Eri Kimura, 23, Sato Daisuke, 32, and a woman named Inoue Yoko, 27, took part in a...

WB to loan $26.8m to RI

WB to loan $26.8m to RI JAKARTA (JP): The World Bank has approved a $26.8-million loan for the Sulawesi agricultural area development project to help alleviate poverty in the province.The Washington-based bank said in a statement made available here yesterday that the project will be implemented...

Santika secures foreign loans to build new hotel

Santika secures foreign loans to build new hotel JAKARTA (JP): PT Hotel Santika Nusajaya, the property division of media giant Kompas Gramedia Group, has secured loans from a number of foreign lending institutions to construct a four-star hotel in Central Jakarta.

Resources to lead RI's non-oil export drive: Hartarto

Resources to lead RI's non-oil export drive: Hartarto JAKARTA (JP): Indonesia's resource-based industries will remain the backbone of the country's non-oil exports in years to come, a senior minister said.

Zafy Albert in Bali

Zafy Albert in Bali DENPASAR, Bali: Madagascar President Zafy Albert arrived here yesterday for a one-day unofficial visit to the famed tourist island.Albert's entourage, which includes his wife Therese Augustine Zafi, was welcomed by Bali Governor Ida Bagus Oka and local Army chief Brig. Gen.

Religious radio stations question new bill

Religious radio stations question new bill JAKARTA (JP): Private radio stations belonging to religious groups are questioning a government-sponsored broadcasting bill and its attempt to regulate their programming.

Violent youth

Violent youth A recent edition of Scientific American had in its brief reports reference to various studies that indicate a strong link between violent aggressive behavior in adolescents and high blood lead levels.

Democratization through evolution possible: Gus Dur

Democratization through evolution possible: Gus Dur SEMARANG (JP): A Moslem scholar says it is possible to achieve an open and democratic society, the nation's founding fathers' ultimate dream, without changing the structure of the state.

Thesis writing aids students

Thesis writing aids studentsBy Mochtar Buchori JAKARTA (JP): One question being widely discussed these days is whether or not university students should be required to write a thesis paper at the end of their studies.

WB approves $19m park loan

WB approves $19m park loan JAKARTA: The World Bank has approved a US$19.1 million loan to support the Indonesian government's effort to preserve the Kerinci Seblat national park in Sumatra.Indonesia needs about $46 million to protect the national park from agricultural encroachment, mining,...

End to thesis requirement sets us one step back

End to thesis requirement sets us one step backBy Jennie Siat JAKARTA (JP): The recent decision of two major education institutions to drop the prerequisite of writing a thesis as part of a degree conferral has astonished many people.

Syarwan

SyarwanCorrection: The rank of Armed Forces (ABRI) Chief of Sociopolitical Affairs Syarwan Hamid was wrongly mentioned as Maj. Gen. instead of Lt. Gen. in our photo caption yesterday on this page and on our main story on Monday. We apologize for the mistake. -- Editor

Spotlight

SpotlightPhoto A: OngJP/ObyHAPPY BIRTHDAY: Prominent historian Onghokham (center) raises his hand before cutting his birthday cake. Ong's 63th birthday was celebrated by his closest friends including lawyer Adnan Buyung Nasution (left) and House member Sabam Sirait (third from right).

21 foreigners to be deported for various violations

21 foreigners to be deported for various violations JAKARTA (JP): City Police have asked for the deportation of a total of 21 foreigners of various nationalities for a variety of document violations here over a period of 10 months.

Organda objects to non-AC bus removal

Organda objects to non-AC bus removal JAKARTA (JP): The chairman of the Land Transportation Owners Association, Organda, is against the idea of eliminating non-AC Patas express buses, saying that its members may go bankrupt if the idea is converted into an official decision.

BII Plaza's 2nd tower completed

BII Plaza's 2nd tower completed JAKARTA (JP): A ceremony at BII Plaza, which was held on Monday, marked the completion of the top floor of the 36-story skyscraper.The construction of the second tower at BII Plaza, located on Jl.

'Priok residents must leave'

'Priok residents must leave' JAKARTA (JP): The operation to clear Jl. Agung Karya VI in North Jakarta will continue to make way for a water pipeline project, a public order official said yesterday.Boy Firman Syarir, the mayoralty official in charge of public order, told The Jakarta Post that the...

Kedah chief says asked to resign

Kedah chief says asked to resign KUALA LUMPUR (Reuter): The head of government in Malaysian Prime Minister Mahathir Mohamad's home state said yesterday he had only tendered his resignation because he was asked to do so.

1983-1993 a critical period in RI's financial history

1983-1993 a critical period in RI's financial history Financial Sector Deregulation, Banking Development and Monetary Policy The Indonesian Experience 1983-1993 Binhadi Published by Indonesian Bankers Institute, 1995 Pp XXXIV + 540 JAKARTA (JP): From the years 1983 to 1993, no less than 11...

Taiwan's oil deals with RI

Taiwan's oil deals with RI TAIPEI (Reuter): Taiwan's state-run Chinese Petroleum Corp said yesterday it would sign three contracts for two oil units and one oil exploration project with Indonesia yesterday.

Pakuwon Jati to build a new shopping center

Pakuwon Jati to build a new shopping center SURABAYA, East Java (JP): A publicly-listed property developer, PT Pakuwon Jati, got its shareholders's approval to build a new shopping center here with a total investment of Rp 248 billion (US$105.8 million).

Customer asks for status of blocked bank account

Customer asks for status of blocked bank account JAKARTA (JP): A customer of the Standard Chartered Bank here has asked the authorities to immediately explain the status of her account of Rp 1 billion which was blocked by the bank four months ago."We need clarification.

Poor facility

Poor facility I am writing to sympathize with Wiwik Damayanti, who told us in her letter of May 5 in The Jakarta Post of her bad experience at the car parking facilities of Hero, Maskumambang.I think this is a problem that Hero should address on a wide- scale basis, since the situation at...

Independent poll watchdog secures strong support

Independent poll watchdog secures strong support JAKARTA (JP): Despite the government's rejection of the Independent Election Monitoring Committee (KIPP), the group has secured strong support from five major student groups.

Tembaga Mulia's profits drop 85%

Tembaga Mulia's profits drop 85% JAKARTA (JP): PT Tembaga Mulia Semanan, a publicly-listed copper rod manufacturer, reported an 85 percent drop in its net profits to Rp 1.1 billion (US$469,684) last year, in spite of a substantial increase in its sales revenues.

Govt called on to open up credit rating industry

Govt called on to open up credit rating industry JAKARTA (JP): Business analysts called on the government yesterday to open up the credit rating industry to support the country's growing market for short-term and long-term debt securities.

Officials told not to hide zoning plans

Officials told not to hide zoning plans JAKARTA (JP): Vice President Try Sutrisno yesterday called on government officials to publicly expose national zoning plans in order to avoid people manipulating the plans for personal profit.