Indonesian Political, Business & Finance News

Archive: 25 November 1994

44 articles found

Private networks welcome competition from TVRI

Private networks welcome competition from TVRI JAKARTA (JP): Indonesia's five current private television stations say they welcome greater competition from TVRI, which will soon be revamped, but warned against allowing the state- owned network to run advertisements. Executives of the five commercial networks said a restructured TVRI would be welcomed as it would stimulate more competition in the TV industry to provide better programming for viewers.

Quake shakes Tarutung again

Quake shakes Tarutung again TARUTUNG, North Sumatra: An earthquake measuring 4.2 on the Richter scale shook the Tarutung regency on Thursday morning, the second quake registered in the area in the past week. The quake, lasting for around five minutes, sent people in Tarutung scurrying out of their homes in fright, according to the Antara news agency. There were no reports of casualties. (emb)

Incentives needed for sluggish bond market

Incentives needed for sluggish bond market JAKARTA (JP): The Indonesian government needs to issue special incentives and ease tax rulings to reinvigorate dormant trading on the secondary market of bond instruments. Basjiruddin A. Sarida, the president of the Surabaya Stock Exchange (SSE), said yesterday the government's role in mobilizing the secondary market of debt instruments is urgently needed.

RI to field 23 shuttlers in Grand Prix finals

RI to field 23 shuttlers in Grand Prix finals JAKARTA (JP): Indonesia has firmly set its sights on sweeping at least three of the four titles up for grabs in the Grand Prix Finals from Dec. 7-12 in Bangkok, where it will parade a total of 22 shuttlers in the season-ending badminton tournament. "Barring any unforeseeable circumstances and major upsets, we are very upbeat about reaching this target," coach Indra Gunawan said.

Savor some ASEAN cuisine downtown

Savor some ASEAN cuisine downtown By Ati Nurbaiti JAKARTA (JP): It's possible to get to know popular dishes of neighboring countries at a dining venue downtown. Consider it an introduction to an intriguing variety of daily fare, as new tastes of familiar edibles are available at the ASEAN (Association of Southeast Asian Nations) food festival. The Sari Nusantara Restaurant, on the ground floor of the Duta Merlin shopping center on Jl.

Jakarta to help other cities with development

Jakarta to help other cities with development JAKARTA (JP): The city administration will assist members of the City Coordination Board in its efforts to help speed up the physical development of other cities. Secretary general of the board A. Munir told reporters at City Hall yesterday that Jakarta has more experience and special skills to help other cities in this field.

Major conflict looms on campus of Satya Wacana

Major conflict looms on campus of Satya Wacana SALATIGA, Central Java (JP): A major conflict is looming at the prestigious Satya Wacana Christian University after the managing foundation refused a presidium formed last week to end the plagued internal dispute. The refusal is likely to turn the campus into a "battle field" for the numerous groups who have different opinions on how the conflict should be resolved.

More questions than answers after Bogor

More questions than answers after Bogor By Meidyatama Suryodiningrat JAKARTA (JP): Though economic leaders of the Asia Pacific Economic Cooperation (APEC) forum were all smiles as President Soeharto triumphantly announced the results of the "Bogor Declaration," many watching soon began to ponder on the consequences of what had been pronounced.

E. Timorese protesters leave Indonesia

E. Timorese protesters leave Indonesia JAKARTA (JP): The 29 East Timorese students, occupying the U.S. embassy compound since Nov. 12, left Jakarta for asylum in Portugal yesterday. Henry Fournier, head of the Regional Delegation of the International Committee of the Red Cross, said that they flew out of the country on KLM flight 838 yesterday evening.

Better welfare for fishermen sought

Better welfare for fishermen sought JAKARTA (JP): The Deputy Governor for People's Welfare, R.S. Museno, has underlined the importance of improving the welfare of fishermen living in the city. "A well-planned strategy in fishery development with the aim of improving fishermen's welfare is needed," Museno said at a national meeting of fishery offices, which ended yesterday.

Which direction will APEC take from Bogor?

Which direction will APEC take from Bogor? The Nov. 15 Bogor accord underlined the Asia Pacific Economic Cooperation forum leaders' commitment to achieving trade and investment liberalization by 2020. Furthermore, there is agreement on bringing new protection moves to a standstill. Noted economist Mari Pangestu argues that exposition of the various options toward achieving the goal is imperative for the next APEC meeting.

AIDS victim ostracized

AIDS victim ostracized MALANG, East Java: The Malang Regency office has launched an investigation into reports that a woman who has AIDS and gave birth last month has now been ostracized by fellow villagers. "We're sending a team to Baturetno village," Malang Regent Abdul Hamid was quoted by the Antara news agency as saying. Baturetno village chief Trisno Sunardi said most villagers rejected the presence of the woman, identified by Antara by her initials Mrs. Sul.

Grand master Utut draws with Seirawan

Grand master Utut draws with Seirawan JAKARTA (JP): Indonesia's number one grand master Utut Adianto accepted American grand master Yasser Seirawan's offer to draw at the 25th move in their third-round duel here yesterday. The draw, earlier than Wednesday's, which was agreed upon at the 29th move, enabled the 1991 U.S. champion, who has an elo rating of 2,605, to maintain a 2-1 lead. It cut to half, Utut's targeted 10-point increase in his present elo rating.

UMNO leadership

UMNO leadership The recent United Malay National Organization (UMNO) general assembly saw several key issues being discussed, but the main focus was undoubtedly on the strength and morality of the leadership in a booming economy. Being the main party of the ruling National Front, UMNO's leadership is critical for the well-being of Malaysians.

Many distributors involved in fake fuel sale: Police

Many distributors involved in fake fuel sale: Police JAKARTA (JP): City Police have found strong indications that many owners of diesel fuel distribution companies are directly involved in the mixing and selling of fake fuel in and around the city. "We need strong support from the public for our investigations by giving us more information about the distributors' illegal activities," Head of Operational Affairs of the Special Alert Police Squad, Capt. Syaiful Bd. said yesterday.

Semarang wants own TV studio

Semarang wants own TV studio SEMARANG: Minister of Information Harmoko has given the green light to Central Java request to build its own television studio for the state-owned TVRI. The provincial government has already designated a five- hectare plot in Pucang Gading in eastern Semarang for the studio. Head of the TVRI mobile production station in Semarang, Nusjirwan Rustian Utjin said however that the provincial government has to fork out a huge amount for the studio.

Ramos wants GATT ratified

Ramos wants GATT ratified MANILA (Reuter): President Fidel Ramos and a top businessman on Wednesday urged the Philippine Senate to ratify the new GATT world trade treaty, saying failure to do so would spell disaster. Ramos brushed aside fears that domestic industries will perish if the country adopts freer trade and warned the local economy would be isolated unless the Philippines accepted the General Agreement on Tariffs and Trade.

Students next for AIDS test

Students next for AIDS test JEMBER, East Java: Local health authorities are taking their anti-AIDS campaign to university students next, having already conducted blood tests on high-risk groups such as prostitutes. The head of the Jember Health Office, Nur Achmat, said blood tests are being conducted to check for the human immunodeficiency virus (HIV) which causes the fatal AIDS, Antara reported. Nobody tested HIV positive in the campaign's first phase on 400 people in high risk groups, he said.

Oil prices likely to rise to $18 a barrel next year

Oil prices likely to rise to $18 a barrel next year JAKARTA (JP): Oil expert Subroto predicted yesterday that oil prices on the world market are likely to increase to US$18 a barrel, provided that Iraq does not enter the market. Speaking at a seminar here, Subroto, a former secretary general and president of the Organization of Petroleum Exporting Countries (OPEC), explained that the price increase is projected from the improvement in the world economy which increases the demand for oil.

Ex-Bapindo boss gets eight years for corruption

Ex-Bapindo boss gets eight years for corruption JAKARTA (JP): A former president of Bank Pembangunan Indonesia (Bapindo) was sentenced to eight years imprisonment yesterday for his role in a loan scam that brought the state bank to the verge of bankruptcy early this year. The South Jakarta District Court found Towil Heryoto, 55, guilty on charges of corruption.

ASEAN moving early on trade liberalization

ASEAN moving early on trade liberalization JAKARTA (JP): Members of the Association of Southeast Asian Nations (ASEAN) will hold a series of meetings to boost sub- regional cooperation in an effort to accelerate trade liberalization.

Japan's village industry

Japan's village industry In his recent visit to Japan, East Java Governor Basofi Soedirman was impressed by the "one village, one product" concept. On returning home he envisaged implementing the concept in his province. In our view, analysis of local needs and constraints should be made before this concept is carried out. So far, one village in East Java produces a variety of products. Its strength is that if one product does not do well in the market, other products may.

Better economic outlook

Better economic outlook Most analysts foresee a much rosier economic situation for Indonesia next year. Barring any extraordinary external shocks or adverse political incidents, the country's economy is predicted to grow by a respectable rate of minimally seven percent, compared to an estimated 6.5 percent to 6.7 percent this year. The fundamentals of the economy are assessed as fairly sound.

Overpass badly damaged

Overpass badly damaged From Media Indonesia The iron flooring of the viaduct at Jl. Daan Mogot, in front of the Immigration Complex, West Jakarta, has become too rusty to properly support the weight of pedestrians and needs repairing. Pedestrians must walk on the part where the girders are for a safe crossing. Crossing the bridge at night can be dangerous as there is no lighting. The bridge is used daily by a lot of people, especially school children.

Police vow to stay away from PDI conflict

Police vow to stay away from PDI conflict JAKARTA (JP): The national police pledged yesterday they would stay away from any leadership conflicts within the Indonesian Democratic Party (PDI). Spokesman for the national police Brig. Gen. I Ketut Ratta said the police will leave it up to PDI leaders to resolve the conflict over the dual leadership of the East Java party chapter. "It is their business and it is up to them to manage it," he was quoted by Antara news agency as saying.

Tangerang frees top tax official

Tangerang frees top tax official TANGERANG (JP): Although the Supreme Court has yet to announce its decision, the Tangerang Penitentiary has released a former official of the local Tax Service Office convicted of manipulating invoices worth Rp 2.4 billion (US$1.1 million). The spokesman for the Tangerang District Court, J.H.

Writing contest winners named

Writing contest winners named Dian Purwitasari, a student of SMA 34 Jakarta, has won the grand prize in the annual writing competition held by the Lions Club and the United Nations Information Center. The center reported yesterday that the competition was held along with a variety of other activities in observance of UN Day, Oct. 24.

TV today

TV today TVRI 2:30 p.m TV Series: Kubuto 3:05 Langka dan Unik 3:30 Science Program 4:00 School Quiz: Cerdas Cermat 4:30 Science Film 5:00 Regional News 5:30 Dunia Pustaka 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Karya Nyata 7:00 Evening News 7:30 Dinamika 8:05 Nusantara Star 9:00 World News 9:30 Quiz: Siapa Dia 10:35 Late News 10:45 Film Program 2 4:30 p.m.

Golf course causes sedimentation

Golf course causes sedimentation The National Aeronautics and Space Research Institute has determined that the construction of the Pantai Indah Kapuk golf course and real estate complexes in North Jakarta is accelerating sedimentation along the coast. The sedimentation is caused mainly by the reckless felling of mangrove trees by the developers of the projects, Bidawi Hasyim, the institute's marine researcher, was quoted by the Antara news agency as saying.

Law on foundation

Law on foundation From Republika Whatever the results of the next Kaliurang meeting in Yogyakarta are, the issue of Arief Budiman should be able to serve as an "eye opener" in the effort to improve the system of "Foundations." We understand that in order to complete the working system of a foundation, the House of Representatives will shortly discuss a bill on Foundations. The law should include details on how a foundation which deals with education should be managed.

Govt not to interfere in NU congress

Govt not to interfere in NU congress JAKARTA (JP): The government promised the 34 million members of the Nahdlatul Ulama (NU) yesterday that it would not interfere in the organization's congress next month. "We will give them (NU members) freedom to organize their congress and elect their new chairman," Coordinating Minister for Political Affairs and Security Soesilo Soedarman told journalists after a meeting with ministers and top officials under his coordination.

Distinguished exporters win state recognition

Distinguished exporters win state recognition JAKARTA (JP): President Soeharto yesterday awarded 59 "distinguished exporters", saying that all government institutions must improve coordinated efforts to support the growth of Indonesia's exports in the new era of trade liberalization.

Public telephone needed

Public telephone needed From Neraca Through this letter I would like to call on PT Telkom to provide more public telephones along Jl. Sultan Agung. The present public telephones are not enough to serve the needs of the community living around the area. Particularly in need is the area between Pasaraya and Pasar Rumput. Also PT Telkom needs to consider installing card operated telephones in the same area for long distance call purposes. ARDILA LASMANA INDRA KESUMA Jakarta

Trade ties with foreigners

Trade ties with foreigners Frequently I read in the newspapers statements by politicians, both Indonesian and foreign, stating the need for closer industrial and trade ties between Indonesia and foreign countries. There is indeed no doubt of closer ties being necessary if Indonesia is to keep abreast of modern technology and to compete with other Asian nations.

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) recovered yesterday after sharp declines on the previous two days. The JSX Composite Index, which incurred a total loss of 23 points on Tuesday and Wednesday, gained ground to close 6.5 points higher at 488.49 in active trading yesterday. The GTDBS-50 Index also showed a better performance to close higher at Rp 114.59 as compared to 112.78 on the previous day.

Plan on `Agropolitan' announced

Plan on `Agropolitan' announced JAKARTA (JP): The Municipal Agriculture Office has drawn up a strategic plan for maximizing the use of small plots of land by planting crops with high economic value. Maharanto, the chief of the office, said that the "agropolitan" policy was established to cope with the fact that the area of farmland in Jakarta has decreased every year to make way for construction.

Social gap

Social gap From Surya All luxurious cars used during the meeting of the Non-Aligned Movement in Jakarta two years ago were sold out. Now following the end of the APEC meeting in Bogor, the cars for the forum which cost around Rp. 1 billion each also sold like peanuts. This certainly does not come as a surprise to some people because they are used to such transactions. This means that Indonesia has many super rich people who are capable of buying expensive things.

Where to go in Bali:

Where to go in Bali: Music and entertainment * Nusa Dua Beach Hotel: Budaya Stage - Legong Buffet Dinner, Friday; Ramayana Buffet Dinner, Monday. Coffee Shop - Indonesian Night with Joged Dance, Saturday. Village Night with Frog Dance, Tuesday. Notte Italiana with Capo Dastro Quartet, Thursday. Poolside - BBQ Night with Hawaiian Band, Wednesday. * Sheraton Lagoon Nusa Dua Beach: Poolside Terrace - Janger Cultural Performance, Friday. Pasar Ikan Seafood Market, Saturday.

Perumka raises fares for executive, business class

Perumka raises fares for executive, business class BANDUNG, West Java (JP): The state-owned railway company Perumka raises its fares today for executive and business class passengers, both for long and short-distance services in Java, by a range of one to 16 percent.

Canadian killed in accident

Canadian killed in accident SERANG, West Java: A Canadian was killed and another badly injured in a car accident on the Serang-Cilegon highway on Wednesday, the Antara news agency reported. Yan McLyn, aged 42, was killed instantly, while his compatriot identified only as 41-year-old Ted by Antara, is in a coma and has been flown to Singapore for medical attention. Their Indonesian driver, Lukman, was also killed in the accident.

Jakarta promotes tourism aboard

Jakarta promotes tourism aboard JAKARTA (JP): Deputy Governor for Public Welfare Affairs Tb Rais kicked off a two-day promotion tour in Rotterdam, the Netherlands, on Wednesday night. In his speech at a luncheon to mark the opening of the promotion, Rais said that as Jakarta does not possess any natural beauty the main focus of the promotion is conventions.

Mailbox needed

Mailbox needed From Neraca Letters are an essential means of communication. However in order that their function is properly served and to facilitate postage, the number of mailboxes must be increased. For example, along Jl. Kebon Jeruk Raya, West Jakarta, I can hardly find any mailboxes. I have to walk a great distance to post a letter. Letters are an effective way to send news to one another, especially for those who do not own a telephone. So adequate mailboxes should be provided.

Seminar on agribusiness

Seminar on agribusiness JAKARTA (JP): A number of experts on agribusiness will speak at a seminar organized by the Ministry of Agriculture on Dec. 2 and Dec. 3. A ministry spokesman said the speakers will include entrepreneurs Probosutedjo and Mooryati Soedibyo and scholar Sri Edi Swasono. Minister of Agriculture Sjarifudin Baharsjah will give the keynote speech.

Up to 200 still missing on Merapi

Up to 200 still missing on Merapi JAKARTA (JP): As many as 200 people were still not accounted for by yesterday, three days following the eruption of Mount Merapi in Central Java which has already killed 32 people. Minister of Health Sujudi, who reported the condition of the victims to President Soeharto, said afterwards that the authorities feared for the safety of between 100 to 200 people who are believed trapped in areas no longer accessible following Tuesday's eruption.