Indonesian Political, Business & Finance News

Archive: 28 December 1994

49 articles found

Telkom plans to make capital market debut

Telkom plans to make capital market debut JAKARTA (JP): PT Telkomunikasi Indonesia, the provider of domestic telephone services, is likely to make its capital market debut early next year, which would make it the second state-owned company to be listed on an overseas stock exchange after PT Indosat.

900 families seek compensation

900 families seek compensation SEMARANG: Nine hundred families living near Banger River are demanding that the city administration improve on its offer of compensation for land which is being acquired to make way for the dredging of the river. The residents are asking for cash compensation of between Rp 40,000 and Rp 50,000 per square meter of land, while the government is only offering them resettlement at a low-cost housing complex in Karangroto subdistrict.

Boon year for telecommunications

Boon year for telecommunications By I. Christianto JAKARTA (JP): The country's telecommunications industry has shown significant growth in 1994 with the development of various facilities, including networks and satellites. In telephone facility development, for instance, the government has invited the participation of private firms in telephone line establishment.

Cinematic genius of Asia finds Jakarta

Cinematic genius of Asia finds Jakarta East Meets East Starting today (Dec.28) through Saturday (Dec.31), The Jakarta Post will present a number of articles reviewing the films, performing arts, art exhibitions, music and fashion trends and other cultural affairs from the year l994. By Jane Scott JAKARTA (JP): To the distant observer, that is to the Western film-goer, Asian films are now performing something of a "second coming".

TV today

TV today TVRI 2:30 p.m. TV Series: Prince Valliant 3:05 Gita Wicara 3:30 Science Program 4:05 Comedy 4:30 Documentary Film 5:00 Regional News 5:30 Indonesian Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Langka Tapi Nyata 7:00 Evening News 7:30 Music 8:05 Spektrum 9:00 World News 9:30 TV Drama: Lamunan 10:35 Late News 10:45 Film: Code Name Vengeance Program 2 4:30 p.m.

Dualism marks the 1994 classical music scene

Dualism marks the 1994 classical music scene Gus Kairupan JAKARTA (JP): There's day and there's night, two sides to a coin, positive and negative, up and down. And that's what marks the classical music scene in Indonesia, or, to be more precise, Jakarta -- the center of everything that counts in this country. But come to think of it, describing the scene as up-down, positive-negative, etc. isn't quite right because there hasn't been much of a change, in say, the past three years or so.

Police told to stop tribal war in Irian

Police told to stop tribal war in Irian JAKARTA (JP): National Police Chief Gen. Banurusman has appealed to his officers stationed in Irian Jaya to propel the local tribes away from attacking one another. Banurusman said officers in Irian Jaya have an additional duty, that is involving the local people as much as possible in development activities so that they won't have time to indulge in customary tribal warfares. "For the present era this part of their culture is no longer appropriate.

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices slid further on the Jakarta Stock Exchange (JSX) yesterday in desperately light trading, with Christmas holidays still dampening the trading mood. The broad-based JSX Composite Index fell again to close 0.12 points lower at 466.15 yesterday from 466.27 on Monday. The narrower-based GTDBS-50 Index, however, recorded a slight rise to 123.18 from 122.96.

Beyond the multiplex: The films of 1994

Beyond the multiplex: The films of 1994 JAKARTA (JP): Audiences for Hollywood films did not peak last year with Spielberg's Jurassic Park. They began to decline long before, towards the end of the big studio era in the 1940s. Then television took off in the 1950s and VCRs in the 1980s. Actually, Hollywood doesn't have it all sewn up, so don't believe what you think you see around you. What? You say, as you recall the film posters above Jakarta's main venues, and are probably about to take issue.

Traffic to Ancol to flow one-way on New Year's

Traffic to Ancol to flow one-way on New Year's JAKARTA (JP): North Jakarta Police Chief Lt. Col. Edi Darnadi announced that he will implement one-way traffic systems along Jl. Gunung Sahari and Jl. RE Martadinata in a bid to facilitate traffic heading to the Ancol dreamland park. "The one-way traffic will start at 6 p.m., and be in effect until 2 a.m., along the two roads from Senen in the direction of Ancol and Jl. Yos Sudarso," Edi told a press conference.

Movies take viewers on varied journeys throughout 1994

Movies take viewers on varied journeys throughout 1994 What was it like at the movies in 1994? A free-ranging discussion of the better mainstream films shown this year at theaters around town follows. JAKARTA (JP): What a year!

Postal company takes on a new 'social mission'

Postal company takes on a new 'social mission' JAKARTA (JP): PT Indosat, which provides international telecommunication services, has handed over the management of its financial assistance for cooperatives and small-scale companies to Perum Pos and Giro, the state-owned postal company.

Singapore's PM to visit India

Singapore's PM to visit India SINGAPORE (Reuter): Singapore Prime Minister Goh Chok Tong will head a business delegation on a four-day visit to India beginning Jan. 3, the government said yesterday. Goh has been invited to address a business group in Calcutta, where he will meet Prime Minister P.V. Narasimha Rao and leaders of Marxist-ruled West Bengal state, the Foreign Ministry said in a statement.

Fire burns BMW showroom

Fire burns BMW showroom JAKARTA (JP): A fire, believed to have been started by a short circuit, damaged the two-story BMW showroom on Jl. Kapten Tendean, South Jakarta, on Monday evening. There were no reported fatalities at the site but an executive of the repair service center and showroom of luxurious German sedans estimated that the fire damaged the showroom building and two cars in for repairs. Two fire engines from the local fire brigade were deployed to put out the blaze.

TB prevalent in Maluku

TB prevalent in Maluku AMBON, Maluku: Twenty-four out of every 1,000 people in Maluku suffer from tuberculosis. Dr. H.I. Umarella, head of the Maluku health office, told Antara that the unhealthy living pattern of the people, who lacked nutrition, makes them prone to tuberculosis. Smoking, a habit which around 50 percent high school students have picked up, makes them even more vulnerable to the disease.

C. Java police behind in crime fighting

C. Java police behind in crime fighting By K. Basrie Are the police losing the battle against crime in Central Java? Maybe not, but local police chiefs admit that they are falling behind through a combination of shortages of personnel, lack of professionalism and drive among their officers at a time when the crime rate, from the most petty like traffic violations to the more sophisticated modus operandi, is on the rise in one of Indonesia's most densely populated provinces.

Water scarce in Bogor

Water scarce in Bogor From Kompas We, the residents of Bumi Indra Prasta Housing complex in Bogor, West Java, are having difficulties obtaining water. We have to stay awake until midnight to run water from the tap because at 5 a.m. not a single drop of water comes out of it. Water from the Drinking Water Company returns to households no earlier than 11 p.m. In fact there is a reservoir near our complex.

Share prices to gain after 22% loss

Share prices to gain after 22% loss By Teng Hong Joe JAKARTA (JP): The performance of the Jakarta Stock Exchange (JSX), during the past year has been disappointing. From the beginning of the year through Dec. 19, the Jakarta Composite Index (JCI), lost approximately 22 percent. But it is important to note that the JCI began the year with a 68 percent increase from that in early 1993 and had recovered 104 percent from its low of 224.7 in October 1991.

Government tightens rules on sending workers abroad

Government tightens rules on sending workers abroad JAKARTA (JP): Alarmed by reports about Indonesian workers being abused overseas, the government is clamping down on companies which send workers abroad. Minister of Manpower Abdul Latief yesterday gave out 13 licenses for manpower supplier companies, the first issued since he issued a new regulation in August compelling companies to raise their levels of capital and to reregister.

Many substandard ships still operating

Many substandard ships still operating JAKARTA (JP): Director General of Sea Transportation Soentoro said yesterday that almost one third of the ships serving 34 pioneering routes in remote areas are below par. "I'm always cheated by those irresponsible people. Their ships are already dilapidated, but they do not want to replace them. The ones who suffer most from their ignorance are those living on isolated islands," Soentoro told reporters here.

RI-Dutch ties grow into maturity

RI-Dutch ties grow into maturity JAKARTA (JP): President Soeharto signaled an era of strengthening friendship between Indonesia and the Netherlands yesterday, marking an end to the tumultuous state of relations of the past two years. Upon receiving the Letter of Credence from the new Dutch ambassador, Paul Ritze Brouwer, at Merdeka Palace, Soeharto said the century old ties marked with high and low periods have now evolved into a relationship founded on mutual respect.

Traditional markets in need of PR

Traditional markets in need of PR JAKARTA (JP): Governor Surjadi Soedirdja wants PD Pasar Jaya, the city-owned traditional market company, to design special promotional programs to attract customers.

Indonesia in the UNSC

Indonesia in the UNSC Next year Indonesia will take its seat on the United Nations Security Council as a non-permanent member for 1995-1996. Naturally Indonesia's nomination is an honor. However, some people question whether Indonesia will be able to do much on this forum. The impression has been that there isn't much non- permanent members in the UN Security Council can do because the five permanent members (the United States, Britain, France, Russia and China) hold the right of veto.

Sexual harassment

Sexual harassment On Dec. 19 a sad case of sexual harassment once again occurred. One of 12 Indonesian female workers who were locked up by recruiters in Malaysia managed to escape to tell the Malaysian police authorities of the distress which she and her 11 colleagues had to suffer. The women were reportedly locked up, forced into prostitution and forced to bear children. Four of them reportedly gave birth to babies, which their captors allegedly sold for Rp 4 million to Rp 4.5 million each.

Our economy shines

Our economy shines The explosion of the US$450 million loan scandal at the state- owned Bank Bapindo which jolted the financial sector early this year turned out to have only a little impact on the performance of the Indonesian economy as a whole this year. The speed and the way in which the monetary authority coped with the credit fiasco not only prevented a run on Bapindo but also succeeded in maintaining the public's trust in the banking system.

C. Java clamps down on traffic violations

C. Java clamps down on traffic violations SEMARANG (JP): Central Java Police were quick to respond to President Soeharto's criticism of the poor traffic conditions in the country. They, along with other police headquarters in Java, are planning to introduce Traffic Order Zones in various spots where the penalties for violators will be the full whack allowed by the 1992 Traffic Law, which could millions of rupiahs, even for a minor violation.

Pondok Gede market inauguration delayed

Pondok Gede market inauguration delayed BEKASI (JP): Bekasi Regent Moch. Djamhari has insisted on delaying the inauguration of the new Pondok Gede market for as long as its developer takes to finish repairing its sloppy work. Head of Bekasi Market Authority Donnie Setiawan said the developer, PT Surya Bintang Mitra, is asked to repair its poor work on the laying of floor tiles and construction of parking lots.

Jakartans' legal awareness improves: LBH

Jakartans' legal awareness improves: LBH JAKARTA (JP): The Jakarta legal aid foundation (LBH Jakarta) chief Luhut M.P. Pangaribuan said yesterday that the legal awareness of Jakartans is improving. "Despite some limitations in freedom of speech and freedom to assemble, we found that the people's legal awareness has improved significantly," Luhut said in the foundation's year-end press conference.

Indonesian economy in for robust growth

Indonesian economy in for robust growth Indonesia's economy is ending 1994 with a respectable growth rate and is in for another robust expansion, according to the views of noted economists, which are rounded up below by Vincent Lingga. In the second article, the Research Department of PT Sigma Batara, a major securities company, analyzes the performance of the Jakarta stock market and charts out its likely development in 1995.

Nine students drown in Malaysia

Nine students drown in Malaysia KUALA LUMPUR (UPI): Nine students drowned in two separate incidents, four in the northern state of Kedah and five in the central state of Pahang, Malaysian Police Superintendent Hashim Osman said yesterday. A 10-year-old boy and four teenagers, two of them sisters, drowned on Christmas Day in a tragic end to a heroic bid to save a 17-year-old youth who had fallen a the river, he said.

Winners on sanitary competition

Winners on sanitary competition JAKARTA (JP): The Central Jakarta military command won first prize in the sanitation competition for the mayoralty military command category. According to the organizing committee of the competition held jointly by the Armed-Forces, District Courts, Prosecutor Offices and the municipality, the second and the third place winners are, respectively, the South Jakarta military command and the West Jakarta military command.

AIDS in Irian Jaya

AIDS in Irian Jaya Congratulations on your fine and accurate reporting on the HIV/AIDS situation faced by the community at Merauke, Irian Jaya (The Jakarta Post, Dec. 14, 1994/Features). However, to avoid another kind of scapegoating Yayasan Mitra Indonesia feels it necessary to comment on two allegations reported to be made by our team members while working there.

Research council touts projects to private sector

Research council touts projects to private sector JAKARTA (JP): The National Research Council has began touting projects for industrial application to private companies, hoping those interested will pay part of the research costs. The research projects will be strictly for commercial purposes with a view to solving various industrial problems, including enhancing the competitive edge of domestic products, the council's deputy chairman, Samaun Samadikun, announced on Monday.

Malaysia's Sabah state gets new chief

Malaysia's Sabah state gets new chief KOTA KINABALU, Malaysia (AFP): Malaysian Premier Mahathir Mohamad yesterday appointed a new chief minister for politically- volatile Sabah to enhance federal control over the state, which was wrestled away from the opposition 10 months ago. Salleh Mohamed Said Keruak, 37, was sworn in as the ninth and youngest chief minister of eastern Sabah state before his father, Sabah governor Mohamed Said Keruak, in Kota Kinabalu, the capital of Sabah.

Tangerang turns 51

Tangerang turns 51 JAKARTA (JP): Tangerang regency is holding various activities in conjunction with its 51st anniversary, which fell on Dec. 27, yesterday. H.M. Thamrin, secretary for the regency, said that the activities deal mainly with social affairs, including the provision of assistance to needy people. He expressed confidence that the central government would soon issue a decree for the removal of its capital from downtown in Tangerang to Tigaraksa in the west of the city.

Jakarta Stock Exchange getting more attractive

Jakarta Stock Exchange getting more attractive JAKARTA (JP): By the end of 1994, we expect the Jakarta Stock Exchange (JSX) composite index to decline by about 20 percent from 589 points in 1993. This is a sharp contrast from last year when the market grew by 115 percent to become one of the best performing markets in Asia. The JSX has fallen from a high of 613 in January to its lowest point this year -- at 447 in December.

Two men arrested for hijacking Rp 24m cash

Two men arrested for hijacking Rp 24m cash JAKARTA (JP): The West Jakarta police yesterday arrested two men for allegedly hijacking Rp 24 million (US$10,985) in cash which was just withdrawn from a bank for a private firm's payroll. West Jakarta police head Lt. Col. Made Mangku Pastika said that the incident took place on Jl. Meruya Ilir, Kebon Jeruk, at around 11 a.m. when two employees of PT Listrindo stopped at a repair shop to fix a flat tire on their car.

Security in Citra Garden

Security in Citra Garden From Bisnis Indonesia I refer to the letter in Bisnis Indonesia on Nov. 29, 1994 on the security in Citra Garden I. There are 1,400 families in this housing complex. These families group themselves into neighborhood units who deal with all social problems like cleanliness, security and order, and populace affairs. Citra Garden I management is very concerned about the security problems.

Legal system not responsive to changing climate

Legal system not responsive to changing climate JAKARTA (JP): Indonesia's legal system is not responsive to the rapidly changing societal environment and this partly accounts for the waning reputation of the country's courts, Justice Minister Oetojo Oesman said yesterday.

Saudis offer reprieve for Indonesian overstayers

Saudis offer reprieve for Indonesian overstayers JAKARTA (JP): The government announced yesterday that Indonesians who have overstayed their visas in Saudi Arabia will be allowed to leave the country and will not face punishment. The Saudi Arabian authorities are allowing foreigners, who are in violation of their stay permits either by overstaying or by taking up employment illegally, to leave the country before they begin to enforce a stricter regulation with stiffer penalties.

Harmoko wants revival of local film

Harmoko wants revival of local film JAKARTA (JP): Minister of Information Harmoko yesterday called for a revival of the local film industry which has been mired in a deep recession for the past few years. Speaking at a ceremony to install the board of directors of Perum PFN, the state-owned film making company, Harmoko placed high hopes on the company to lead the revival. "PFN needs to improve its management," he was quoted by the Antara news agency as saying.

Golkar optimistic about next year

Golkar optimistic about next year JAKARTA (JP): The dominant political organization Golkar said yesterday that given this year's successes, it is optimistic about the development of Indonesia in 1995. In its end-of-the-year statement, Golkar however underlined the need for the nation to pay closer attention to at least three areas where there are still "shortcomings".

Indonesia needs new lighthouses

Indonesia needs new lighthouses JAKARTA (JP): Indonesia, the largest archipelagic nation in the world, needs 3,283 new lighthouses to ensure the safety of water transportation across the country. Director General of Sea Transportation Soentoro said here yesterday that because Indonesia has not yet been able to build such facilities by itself, it is opening its doors wide to foreign investors interested in manufacturing or assembling lighthouses in the country.

Telkom enjoys prosperous '94

Telkom enjoys prosperous '94 JAKARTA (JP): The East Jakarta telecommunication office announced yesterday that its revenues reached Rp 262.5 billion (US$119 million) for the January-November period, exceeding the original target of Rp 248 billion by six percent. The office chief, I Nyoman Punia W.H., told a press conference that the higher-than-expected revenues were made possible by a marketing team that succeeded in selling 75,641 telephone lines, up from the sales target of 70,000 lines.

University students protest assault

University students protest assault KENDARI, Southeast Sulawesi: Hundreds of Haluoleo University students staged a demonstration on Monday to protest the assault on three students by the local police. The protesters yelled, burned tires and pelted police officers who tried to approach them, Antara reported. The demonstration stopped after Kendari police chief Lt.Col. Tholib Rachmad Sudarto came to the campus and talked to the students' senate and a rector's assistant.

10 firework-maker families sought

10 firework-maker families sought JAKARTA (JP): Tangerang police are searching for the whereabouts of 10 families who were missing when police raided their residences at Kampung Malang Nengah, Legok. The residential raid was carried out as part of a police investigation into the growing number of fireworks found in local markets, City Police spokesman Lt. Col. Bambang Haryoko told reporters here yesterday. "During the neighborhood raid at 5 p.m.

Bank services

Bank services From Jayakarta I have several savings accounts in different banks for different purposes. For example, my savings in Bank "A" is for future needs, the one in bank "B" is for emergencies and bank account "C" is for recreation. I used government banks because they are closer to my place of work and house. I usually go to the banks in my lunch break and because of the slow service I often miss eating lunch. The procedure is impractical and the waiting time is often too long.

Garuda cuts baggage rates

Garuda cuts baggage rates JAKARTA (JP): Garuda Indonesia, the national flag carrier, has reduced its excess baggage tariffs by about 30 percent per kilogram for all its domestic routes. A spokesman for the airline said in a statement here yesterday that it has also increased the maximum weight of free baggage for all of its domestic flights to 40 kilograms for first-class and business-class passengers and 30 kilograms for the economy-class passengers.(hdj)

State transport firms' profits reach Rp 713b

State transport firms' profits reach Rp 713b JAKARTA (JP): State-owned transportation firms more than doubled their profits to Rp 713.89 billion (US$324.09 million) this year, Minister of Transportation Haryanto Dhanutirto says. "This is higher than we originally expected. We thought this year's profits would reach only around Rp 676 billion," the minister told reporters after meeting with President Soeharto at Merdeka Palace yesterday.