Indonesian Political, Business & Finance News

Archive: 10 November 1994

58 articles found

Amoco to make PTA in KL

Amoco to make PTA in KL KUALA LUMPUR (AFP): U.S.-based Amoco Corp. said yesterday it was investing US$380 million in Malaysia to make a raw material for polyester. Amoco's purified terephthalic acid (PTA) plant, to be built in Kuantan, central Pahang state, will have a production capacity of 500,000 tons a year.

Ramos shows support for workers in KL

Ramos shows support for workers in KL MANILA (Agencies): President Fidel Ramos yesterday leapt to the support of Filipino migrant workers arrested in Malaysia and ordered Foreign Secretary Roberto Romulo to take up measures to protect them with the Malaysian government. Romulo is to discuss the issue with his Malaysian counterpart, Abdullah Ahmad Badawi, when they meet in the Indonesian capital Jakarta tomorrow for an Asia-Pacific Economic Cooperation (APEC) ministerial conference.

New buses presented for APEC

New buses presented for APEC JAKARTA (JP): Minister of Transportation Haryanto Dhanutirto yesterday presented 105 buses to be used by delegates of the Asia Pacific Economic Cooperation (APEC) forum, participants of the APEC Ladies' Program and to carry the delegations' luggage. Most of the fleets of Mercedes-Benz buses, owned by the state- owned PPD and DAMRI bus companies and the private PT Hiba Utama firm, were initially used during the Tenth Non-Aligned Movement Summit two years ago.

Bus driver scolded by his boss

Bus driver scolded by his boss Don't tell on your boss in front of his boss because you're sure to lose. A non-air conditioned bus driver learned this yesterday when he tried his luck with Minister of Transportation Haryanto Dhanutirto during a launching ceremony of luxury buses for delegates of the Asia Pacific Economic Cooperation (APEC). "We feel discriminated against (by superiors)... Our uniforms are like a cleaning service's.

McDonald's to pay music royalties

McDonald's to pay music royalties McDonald's Indonesia, a franchisee of the American fast food restaurant, has signed a cooperation agreement with Yayasan Karya Cipta Indonesia (YKCI) to pay the copy rights for all songs played in their 24 outlets in Indonesia. YKCI is a foundation which has successfully required over 250 entertainment establishments and restaurants to pay the copy rights royalties for both local and foreign songs.

Japan aims to build a new image at APEC

Japan aims to build a new image at APEC By Eugene Moosa TOKYO (Reuter): Japan seems to have only one goal at the 18- member Asia-Pacific Economic Cooperation (APEC) forum later this week -- to shed its image as a fence-sitter in efforts to build a free trade zone in the region. Japan's ambassador to APEC, Tetsuya Endo, and other senior officials of the Foreign Ministry in briefings ahead of the meeting have said Japan's goal is to foster regional liberalization of trade and investment.

Souvenir shop doing well

Souvenir shop doing well A souvenir shop selling APEC memorabilia to delegates is reporting brisk business, although the APEC conference proper has barely started. Keyrings bearing the APEC logo are sold out and the APEC pens could also disappear from the shop's stand at the APEC media center soon. Mita Manusama, from PT Panca Prima Eka Sejati, said, "We only have 100 pieces of each item." An American delegate bought 50 pens from the shop because he needed them for the meeting, she said.

Jakarta's top hotels get the APEC bug

Jakarta's top hotels get the APEC bug By Lenah Susianty & Prapti Widinugraheni JAKARTA (JP): Renovating suites, adding new wings and tending to health and food inspections are just a few of the things the star-rated hotels have had to busy themselves with in order to prove they are good enough to host some of the world's most important people who will be attending the momentous "APEC Event".

Service at airport can be improved

Service at airport can be improved As a frequent visitor to Indonesia and therefore a frequent user of Soekarno-Hatta International Airport I feel that there are many improvements that can be made at minimal cost that would improve the airport and give a much better impression of Indonesia to the new arrival. New investors arriving in Indonesia cannot help but be influenced by the airport as their first point of contact with the country.

Tamara, Chinatrust tie up

Tamara, Chinatrust tie up JAKARTA (JP): Tamara Bank and Chinatrust Commercial Bank of Taiwan will soon establish a joint venture bank in Indonesia to tap the growing business ties between the two countries. Tamara Bank announced here yesterday that the joint venture agreement was signed here on Tuesday by the bank's chairman, Pek Teng Beng, and the chairman of the Taiwanese bank, Jefferey L.S. Koo.

Restauranteurs target local market

Restauranteurs target local market JAKARTA (JP): In this area of emerging markets and appetites, the needs of certain restaurant enthusiasts tend to go unnoticed. Luxury hotels and five-star restaurants continue to spring up in Jakarta, catering to the palates and pocketbooks of a chosen few. Now, one can now find delicacies from just about any corner of the globe -- for a price.

Korean companies gear up investments in Indonesia

Korean companies gear up investments in Indonesia By Hendarsyah Tarmizi SEOUL (JP): Four major South Korean companies are gearing up to take advantage of low labor costs and the growing domestic market in Indonesia by furthering their investments in the country. The widely diversified Hyundai Group, which last year opened a industrial estate in Bekasi, West Java, will establish a car assembling plant next year. Three companies -- Miwon Co Ltd, Korea Development Co.

Guards protest over suspension

Guards protest over suspension Five security guards from PT Sucaco on Jl. Kebon Sirih, Central Jakarta, filed a complaint with the City Council over the suspension of their coordinator. Dodi Kusnadi, the coordinator, was suspended one hour after he walked out of a meeting with the president director of the company.

Japanese govt supports Soeharto's initiative

Japanese govt supports Soeharto's initiative JAKARTA (JP): Japanese Ambassador to Indonesia Taizo Watanabe is confident that Tuesday's APEC leaders meeting in Bogor will be a milestone in advancing further economic development in the Asia Pacific region. "I am sure the meeting, under the excellent chairmanship of President Soeharto, will further advance the objective of the Asia Pacific Economic Cooperation forum," Watanabe said in an interview.

Foreign investment, technology transfer

Foreign investment, technology transfer Foreign investment has been more than just a catalyst for economic growth and integration in the Asia Pacific region. It has also become the driving force behind the increasing migration across national borders of "high-skilled" workers and technology, raising a number of policy issues.

U.S. defends its stance on investment code

U.S. defends its stance on investment code JAKARTA (JP): The United States has insisted that its opposition to an investment code discussed on Tuesday is for the future good of the Asia Pacific Economic Cooperation (APEC) forum. "We have stated since the beginning, when we started the process, that the investment initiatives should be ones of very high standards," Sandra B. O'Leary, a senior U.S.

Tommy pays Rp 251 billion debt to clove farmers

Tommy pays Rp 251 billion debt to clove farmers By Johannes Simbolon JAKARTA (JP): It could be considered the most flamboyant odyssey of debt paying ever undertaken in this country. Hutomo Mandala Putra, the youngest son of President Soeharto, who is better known as Tommy, invited 50 people aboard his aircraft to witness the payment of debts, amounting to Rp 251 billion (US$88.3 million), to tens of thousands of clove farmers in Sulawesi and Maluku between Nov. 3 and Nov. 5.

Mexico-S'pore tax pact

Mexico-S'pore tax pact SINGAPORE (AFP): Mexico and Singapore signed yesterday a tax agreement to promote bilateral trade and investment, and the exchange of expertise, officials said. The agreement was signed by the Mexican Secretary for External Relations, Manuel Tello and Singapore's Finance Minister Richard Hu.

S'pore worries over shift in trade strategies

S'pore worries over shift in trade strategies SINGAPORE (AFP): Singapore is worried that multinationals may be looking elsewhere to set up shop in Asia due to rising costs in Singapore, according to a report here yesterday. Prime Minister Goh Chok Tong, citing a conversation he had with Siemens chief executive Heinrich von Pierer last week, said the German electronics giant boss had said the company would make no further investment in Singapore.

Where to go in Jakarta:

Where to go in Jakarta: Music * The Aryaduta Jakarta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Bonauli vocal group, Thursday, Friday and Saturday from 7 p.m. to 11 p.m.; Lost Morenitos, Sunday, Tuesday and Wednesday from 7 p.m. to 11 p.m. - Ambassador Lounge: Amir (pianist), Monday to Friday, 7:30 a.m. to 9:30 a.m.; Saturday 8 a.m. to 10 a.m.; Jakarta String Fantasy Trio, Monday to Saturday from 3:30 p.m. to 6:30 p.m.; Sunday from 12:30 p.m.

China urges flexibility on free trade

China urges flexibility on free trade SINGAPORE (Agencies): China used the second day of a visit by its president to Singapore yesterday to plug a "flexible" approach towards liberalized regional trade and to enhance ties with this prosperous city state, a major investor in the Middle Kingdom.

TV Today

TV Today TVRI 2:30 p.m. TV Series: Wide World Of Kids 3:05 Children's Program 3:30 TV Series: Emergency Call 4:30 Woman's World 5:00 Regional News 5:30 Arabic Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Islam 7:00 Evening News 7:30 TV Drama: Potret Kami 8:05 Film: Harapan Nan Sirna 9:00 World News 9:30 People and Event 10:35 Late News 10:45 TV Drama: Menyongsong Mentari Program 2 4:30 p.m.

Exiled Fretilin members to meet with Soeharto soon

Exiled Fretilin members to meet with Soeharto soon JAKARTA (JP): A group of East Timorese, in exile opposing the integration of their homeland with Indonesia, will soon meet with President Soeharto to thank him for his efforts to develop the territory, an official says. F.X. Lopez da Cruz, Indonesia's ambassador at large for East Timor affairs, told reporters on Tuesday that the delegation consists of anti-integration Timorese based in Portugal.

Should ASEAN endorse free trade plan?

Should ASEAN endorse free trade plan? By Makmur Keliat JAKARTA (JP): Where is APEC headed? For some, such as the recent proposal submitted by the Eminent Persons Group (EPG) indicates, APEC is expected to be something more than merely a consultative forum projected as a free trade area.

Another labor activist jailed

Another labor activist jailed MEDAN, North Sumatra: The Medan state court yesterday sentenced Soniman Lafau, the vice chairman of the Medan chapter of the Indonesian Welfare Labor Union (SBSI), to nine months in jail after convicting him of inciting violence. Presiding judge Muhamad Kasim said in his verdict that Soniman, 27, was proven guilty of inciting workers to strike and stage protests which led to riots on April 14, Antara reported.

APEC set to expand secretariat

APEC set to expand secretariat JAKARTA (JP): The Asia-Pacific Economic Cooperation (APEC) forum is set to revamp its secretariat in Singapore to support its expanding activities. Indonesia's Wisber Loeis, the chairman of the Senior Officials Meeting (SOM), told journalists here yesterday that a task force in charge of studying how best to expand the secretariat would be set up soon. Indonesia has been appointed to head the task force.

Leaping into high tech

Leaping into high tech Indonesia, a nation with a per capita income of less than $700, leaps into high technology today when President Soeharto, currently chairman of the 18-member APEC and 108-country Non- Aligned Movement, unveils Indonesia's first domestically designed and produced medium-range aircraft in coincidence with Heroes Day.

Indonesia to name team for bridge meet

Indonesia to name team for bridge meet JAKARTA (JP): Five best pairs from the National Bridge Invitational tournament due to start today will represent Indonesia for the Far East Bridge Federation Championship (FEBFC) next year. The tournament, to be staged at the Sahid Jaya Hotel at Lippo City, Cikarang, Bekasi, which will last until Nov. 22, is the arena to select national players for the FEBFC in Perth, West Australia on May 27.

Buses for delegates

Buses for delegates The APEC forum delegates do not need to worry about how to get to the Jakarta Convention Center from their hotels. The hospitality committee is providing shuttle buses to and from the eight designated hotels. "There will be a bus leaving every five to ten minutes," liaison officer Yuliana Rijanto said. The buses, however, are not for journalists covering the APEC forum, although many are staying at the same hotels as their country's delegates.

Soesilo to open Cilacap airport

Soesilo to open Cilacap airport SEMARANG, Central Java: Coordinating Minister of Political Affairs and Security Soesilo Soedarman is scheduled to officially open the newly renovated Tunggulwulung airport in Cilacap, on Nov. 18. The head of the regional office of the transportation ministry, Gatot Soedjantoko, said yesterday the airport, with a 1,400 meter runway, can accommodate CN 235 planes (35 passenger capacity) and Fokker planes (40 passenger capacity), Antara reported.

Hindarto's idea on public order violators opposed

Hindarto's idea on public order violators opposed JAKARTA (JP): City Council Speaker M.H. Ritonga opposes a proposal suggesting that violators of public order regulations be ostracized from society. "I think it is not proper to impose such a penalty on violators as it is against their human rights. Such a violation is not identical to a crime," Ritonga told reporters yesterday.

City continues public order operation for APEC

City continues public order operation for APEC JAKARTA (JP): The city administration continues in its operation to sweep sidewalk and street vendors, street singers, hookers and transvestites from major roads during the current meetings of the Asia-Pacific Economic Cooperation (APEC) forum.

Chile to act as bridge for APEC, S. America

Chile to act as bridge for APEC, S. America SANTIAGO (Reuter): Chile hopes to strengthen its role as an Asian bridge to South America through its membership in the Asia Pacific Economic Cooperation (APEC) forum, President Eduardo Frei said on Tuesday. Frei, who will bring Chile into the forum at its summit in Indonesia next week, said Chile's long Pacific coastline, its improving road links with its neighbors and its strong economy put it in a good position to act as a trade nexus with Asia.

`Dili veterans' cover APEC

`Dili veterans' cover APEC Two U.S.-based journalists who were present during the tragic incident in the East Timor capital of Dili in November 1991 will return to Indonesia this week to cover the APEC meetings. Allan Nairn and Amy Goodman, whose reports about the Dili incident were criticized by the Indonesian government as distorted and unfair, have been granted visas by the Indonesian embassy in Washington, according to the Antara news agency.

Reflections on the law

Reflections on the law As a symbol, the goddess of justice is often depicted as a blindfolded woman. This conveys the principle that justice should be applied without discrimination. This symbolism comes to mind upon consideration of two cases which are attracting the public's attention at present. The first is the reversal of the Supreme Court's verdict in the Kedung Ombo case. The second concerns the three-year prison sentence handed down by a court of justice in Medan for Dr.

Photo and woman pilgrims

Photo and woman pilgrims From Pelita According to the government's regulation, the photo for the passport of a female haj pilgrim should show the hair and the ears. This is not relevant to the condition of the female haj pilgrim. We request the government review this regulation. We give the following reasons: * The ihram (pilgrimage dress) for women should cover the whole body except the face and the hands.

Australia, Thailand tense over Khmer Rouge

Australia, Thailand tense over Khmer Rouge By Patrick Lescot BANGKOK (AFP): Tension has risen between two of the most important players in the Cambodian crisis ahead of the Asia- Pacific summit next week, after Canberra charged Bangkok with harboring leaders of the outlawed Khmer Rouge.

Korean embassy gets busy

Korean embassy gets busy The South Korean embassy has perhaps been one of the busiest diplomatic missions over the past few weeks as President Kim Young-Sam plans to make a state visit for two days before attending the APEC Economic Leaders Meeting on Tuesday. Korea's delegation, including Foreign Minister Han Seung-joo, Minister of Trade, Industry and Energy Kim Chul-soo and Minister of Science and Technology Kim Si-joong, is staying at the Mandarin Oriental Hotel.

Unsafe building

Unsafe building From Neraca My house, in the Mangun Jaya II housing complex, Blok G11 No 19 in Tambun, Bekasi, West Java, collapsed a few weeks ago. The weather was fine. The calamity was not caused by an earth-quake. Fortunately, when the incident occurred nobody was home. We have lived in this house for two years. I bought the house through the BTN (State Savings Bank) credit scheme, and the developer of the complex is PT Panca Muara Jaya.

APEC smoothens process to become influential forum

APEC smoothens process to become influential forum By Vincent Lingga JAKARTA (JP): None of the 27 ministers from 12 countries who gathered in Canberra on Nov.5-7, 1989 had expected the APEC forum they just inaugurated to be so quickly transformed into the substantial international institution it is today.

Medal bestowed on Fatmawati

Medal bestowed on Fatmawati JAKARTA (JP): The government has bestowed the Mahaputra Adipradana medal on the late Fatmawati, the first wife of Indonesia's first President, for her extraordinary services to the nation. The medal was handed over yesterday by President Soeharto to Guntur Soekarno Putra, representing the heirs of the late Fatmawati. The medal was presented to the late Fatmawati under the Presidential Decree No. 057/TK/94.

Cultural dinner set for APEC group

Cultural dinner set for APEC group JAKARTA (JP): The City Culture Office will present two traditional dances at a dinner hosted by Governor Surjadi Soedirdja to welcome APEC delegates at Fatahilah Museum in West Jakarta on Nov. 13. "We will present the Merak dance from West Java and the Ngarojeng dance of the Betawi people of Jakarta at the Fatahilah Museum Square," I Nyoman Wedhana S, an official of the office, told The Jakarta Post yesterday.

ASEAN invited for dialog

ASEAN invited for dialog KUALA LUMPUR (AFP): Canada, as next year's host the Group of Seven (G-7) industrialized countries, yesterday invited ASEAN to attend a pre-summit dialog to voice the views of developing nations. Canadian Foreign Minister Andre Ouellet, on a stopover here enroute to Indonesia for the Asia-Pacific Economic Cooperation (APEC) meeting, conveyed the invitation to Malaysian counterpart Abdullah Badawi, who is coordinator of the annual ASEAN-Canada dialog.

Reporter beaten

Reporter beaten From Neraca I was saddened by the news report in Suara Pembaruan, Nov. 6, 1994, that Antara News Agency's reporter Johanis Latuputi, in Manokwari, was beaten up by the Head of the Agricultural Office for Food Crops in the Manokwari regency JS, and a staff member of the regional administration LL, a former boxer. How could they do that? Why should they be angered by a news piece which was factual?

Traffic jam in Pasar Minggu

Traffic jam in Pasar Minggu From Neraca The clearing up of sidewalk vendors in the Pasar Minggu area, South Jakarta, has only had a short term effect on the traffic. For a few days after the operation the traffic was smooth but then traffic jams became the order of the day, again. It seems the traffic jams are caused by the fact that there are too many "U" turns along one road, and police are not able to solve the problem.

Airport to be built in Flores

Airport to be built in Flores KUPANG, East Nusa Tenggara: Minister of Transportation Haryanto Dhanutirto has approved plans by the Ngada regency in Flores to build an airport in Marapokot. Haryanto has asked the local administration to prepare an appropriate location for the construction of the airport in the northern coastal area of Flores.

Malaysia to manage Somalia airport

Malaysia to manage Somalia airport KUALA LUMPUR (Reuter): Malaysia, which has said it will withdraw its peacekeeping troops from Somalia, will send 62 airmen to manage the U.N.-controlled Mogadishu Airport today, the national news agency, Bernama, reported yesterday. Bernama quoted Malaysian Defense Minister Najib Abdul Razak as saying the Royal Malaysian Air Force (RMAF) team will take over the airport management from the Royal Australian Air Force. "They may be the last U.N.

APEC album

APEC album Photo A: Journalist JP/kod REACHING FOR THE APEX: A journalist for Hong Kong-based Cable TV stands on a stepladder while taping his report. It's a tough and competitive business for television networks covering APEC and they have to find different angles for their stories.

Two WW II planes found in Irian

Two WW II planes found in Irian SORONG, Irian Jaya: A fisherman has found the fuselages of two World War II bomber planes belonging to the United States Air Force, in Way Island, Irian Jaya. Willem Soor, 53, a fisherman from the Arei village said one of the planes, located at a depth of 37 meters, is still intact while the other has been damaged by the sea and by scavenging divers.

Ramos rejects U.S. bases in RP

Ramos rejects U.S. bases in RP MANILA (Reuter): President Fidel Ramos yesterday rejected suggestions that the Philippines again allow the United States to set up military bases in the country. He said such an idea was premature and he did not expect the issue to come up in his talks with U.S. President Bill Clinton, who is to visit Manila on Saturday and Sunday. Ramos was asked at his weekly news conference if the Philippines would consider again hosting U.S.

Stock Exchange

Stock Exchange JAKARTA (JP): The price drops extended on the Jakarta Stock Exchange (JSX) yesterday as sales continued dominating the trading activities. The JSX Composite Index fell for the fourth consecutive day to close at 515.12 yesterday, as compared to 515.80 on the previous day. The GTDBS-50 Index also inched down to close lower at 123.16 against 123.54. Securities brokers said prices of several consumer-based stocks were recovering but the upward trend failed to support the buying drive.

Tokyo already prepares for APEC meetings next year

Tokyo already prepares for APEC meetings next year JAKARTA (JP): Japan, which will take over the chairmanship of the Asia-Pacific Economic Cooperation (APEC) from Indonesia on Jan. 1, is already preparing the agenda for next year. Japan's Ambassador to APEC, Tetsuya Endo, told The Jakarta Post yesterday that Tokyo had started made preparations for a series of meetings of senior officials.

High-class pimp Hartono admits almost all charges

High-class pimp Hartono admits almost all charges JAKARTA (JP): Hartono Setyawan, the most well-known panderer in the country, confessed to almost every charge made by the prosecutor in his trial at the South Jakarta District Court yesterday. In the court session led by Judge Stephanus Sutrisno, Hartono admitted that the rates he charged clients to spend time with his call girls were Rp 750,000 (US$343) for three hours and Rp 1.5 million for overnight. He admitted to taking half of their income.

Supreme Court's reversal deplored

Supreme Court's reversal deplored JAKARTA (JP): The National Commission on Human Rights yesterday criticized the Supreme Court's decision to reverse its own ruling on the Kedung Ombo land dispute. "The latest ruling of the Supreme Court surprised the National Commission on Human Rights," Baharuddin Lopa, the Commission's secretary general told reporters in a press conference.

Gold certification agency planned

Gold certification agency planned JAKARTA (JP): The government is preparing for the establishment of an accreditation agency which will be authorized to determine the quality of gold products in Indonesia, a minister said. "People still have varying perceptions about the quality and purity of gold. That is why there should be an authorized agency for gold accreditation," Minister of Industry Tunky Ariwibowo told reporters after opening a seminar on the gold industry yesterday.

Hashish in Aceh

Hashish in Aceh From Suara Karya The police have arrested many people for smuggling dried hashish from the province of Aceh. Heaps of hash has been confiscated and the smugglers jailed. In spite of this the business remains hectically hardy. According to the police, hashish smuggling is organized by a gang that wants to make bundles of money. The Acehnese, particularly those who live in Kotacane, Blang Kedjren and Betong Atueuh, have grown hashish in the area for centuries.

Sritex to tackle problems after debt restructuring

Sritex to tackle problems after debt restructuring JAKARTA (JP): Debt-ridden textile company PT Sritex is expected to overcome its non-performing debt problems within a year of debt restructuring. The president of state-owned Bank Dagang Negara (BDN), Subagyo Karsono, told journalists the company has shown good progress since the restructuring of its debts. He was speaking after attending a swearing in ceremony for 19 officials at the Ministry of Finance.

House members wary of APEC moving too fast

House members wary of APEC moving too fast By Pandaya JAKARTA (JP): A number of Indonesian legislators are warning the government against pushing the idea of a free trade area in the Asia Pacific area, pointing out that the nation needs to do some housekeeping first. The idea is being considered by the Asia-Pacific Economic Cooperation (APEC) forum.