Indonesian Political, Business & Finance News

Archive: 20 April 1994

41 articles found

Police secure suspicious box at U.S. embassy compound

Police secure suspicious box at U.S. embassy compound JAKARTA (JP): Police secured a package believed to contain an explosive device which caused concern among staffers at the American embassy compound yesterday. "The object is being further examined at the squad's headquarters," Col. Heniyoso G., who heads up the On-Alert Police Squad, which oversees the Bomb Squad, said yesterday evening. The package, dated April 16, was delivered to the embassy at 10 a.m.

A and B: Operation

A and B: Operation CLEAN SWEEP: The results of the first ten days of Operation Cleansing were put on display yesterday afternoon at the East Jakarta military headquarter. Some of the operation's personnel were studying the haul which was displayed on the front lawn of the headquarter. More than 38,000 bottles of spirits were confiscated from unlicensed shops and cafes. Five firearms, illegal drugs and more than one hundred sharp weapons were seized (left).

Indovest Bank's bad investments cost it Rp 1b

Indovest Bank's bad investments cost it Rp 1b JAKARTA (JP): Indovest Bank, a joint venture bank listed on the Jakarta and Surabaya stock exchanges, suffered a financial loss of Rp 1.08 billion (US$502,793) from its securities trading on the capital market last year. Gatot Budiarto, a director of the bank, said the loss was incurred due to more than a 50 percent drop in the prices of shares bought during the capital market's boom in early 1990.

Indonesia is ADB's top borrower

Indonesia is ADB's top borrower MANILA (AFP): Indonesia was the top borrower of the Asian Development Bank (ADB) in 1993 with US$1.293 billion in loans, while energy and infrastructure got the lion's share of funds, the bank said yesterday. The Manila-based lender's 1993 annual report said that out of $5.28 billion in loans approved last year, nearly 78 percent went to development of energy resources and physical and social infrastructure.

NCO orchestra starts hopeful note with British pianist

NCO orchestra starts hopeful note with British pianist By Gus Kairupan JAKARTA (JP): Rachmaninoff. Together with Liszt, this Russian composer has produced the most fiendishly difficult works for the piano. But pianistic fireworks do not music make. Singing does -- and when it comes to that Rachmaninoff belongs in the front rank of lyricists. So to give him his proper due you need a pianist who is possessed of both physical power and a wondrous singing tone.

American and Asian exporters benefit most from Japanese import

American and Asian exporters benefit most from Japanese import boom TOKYO (AFP): Exporters from the United States and Asian countries, notably China, are benefiting most from the current boom in Japanese imports, leaving their European competitors largely behind. Computer chips from the United States, textiles from China and timber products from Southeast Asia were among the major items which helped boost Japan's imports by 4.8 percent to US$244 billion in the year to March.

Operation Cleansing nets 500 people

Operation Cleansing nets 500 people JAKARTA (JP): The city authorities have captured almost 500 people and seized five firearms, more than one hundred sharp weapons and 40,000 bottles of alcohol in the first ten days of the ongoing Operation Cleansing crime crackdown. "I am grateful to all residents of Jakarta, Tangerang and Bekasi for their assistance in accomplishing this great feat," Jakarta Military Commander Maj. Gen. Hendroprijono (Hendro) told reporters yesterday.

Indonesia blasts UN, NATO over slow action in Bosnia

Indonesia blasts UN, NATO over slow action in Bosnia JAKARTA (JP): Indonesia attacked the United Nations and NATO yesterday for their hesitance to take firm actions against the Bosnian Serbs, who violated a peace accord by attacking the Moslem enclave of Gorazde.

Govt to assign underwriter for Indosat soon: Ministry

Govt to assign underwriter for Indosat soon: Ministry JAKARTA (JP): The government will appoint this week an international financial firm as the lead underwriter of PT Indosat's public offering to be launched both on local and overseas markets later this year. Yusuf Anwar, the secretary general of the Ministry of Finance, said yesterday that at least 10 international securities firms are competing to become the lead underwriter for Indosat.

Khmer Rouge now kidnapping westerners - police

Khmer Rouge now kidnapping westerners - police PHNOM PENH (Agencies): Khmer Rouge guerrillas have begun a new policy of kidnapping westerners in Cambodia to raise money and scare off foreign investors, a police commander said yesterday. The government blamed the Maoist guerrillas for the abduction on April 11 of Britons Dominic Chappell, 25, and Tina Dominy and Australian Kelly Wilkinson, 24, in southern Sihanoukville province.

ASEAN At A Glance

ASEAN At A Glance Depressed teacher kills family BANGKOK (Reuter): A Thai schoolteacher, depressed by mounting debts, killed his wife and two children and then hanged himself, police said yesterday. Police in the southern province of Nakorn Si Thammarat said the teacher strangled his wife, nine-year-old son and six-year- old daughter before killing himself. The family was found dead at their home late on Monday.

New Method of Contraception Introduced

New Method of Contraception Introduced JAKARTA (JP): A new form of contraception is more effective than old methods because it has no significant side effects and has a high level of reliability, an expert said here yesterday. The Cyclofem injection is a contraception method developed by the World Health Organization (WHO) in which recipient gets an injection every month to prevent pregnancy. "This new method is very effective, with a failure rate of only 0.3 to 3 percent.

Jababeka's factory buildings sold out

Jababeka's factory buildings sold out JAKARTA (JP): In only three months PT Kawasan Industri Jababeka (KIJ), the owner of Cikarang Industrial Estate (CIE), has succeeded in selling 152 "Three in One" factory buildings, which role a factory, an office and a house into one. President Ismail Sofyan told a press conference yesterday that the demand for "Three in One" buildings is strong as 36 of them were sold at the Real Estate Expo '94.

JAKARTA (JP): After strengthening on the last four days, the

JAKARTA (JP): After strengthening on the last four days, the Jakarta Stock Exchange (JSX) slipped back again yesterday, with the broad-based Composite Index losing 10 points to close at 465.75 from 475.77 on Monday. "The price drops are in line with the downward trend on major world markets after the unexpected hike in short term interest rates in the United States Monday," a brokers said. In the shock situation, almost all Asian markets closed lower yesterday in thin trading.

Bapindo trial

Bapindo trial According to the Attorney General Singgih, the dossiers on the Bapindo credit fraud will be submitted to the court by the end of this month. It is to be noted that the government has the political will to take concrete steps toward a clean and respectable administration. The fact that the Bapindo case is going to trial reflects that the House of Representatives is carrying out its watchdog role effectively, a fact that is refreshing, indeed.

Compulsory Education Program Will Begin on May 2

Compulsory Education Program Will Begin on May 2 JAKARTA (JP): President Soeharto will officially mark the beginning of the new nine year compulsory education program on May 2 at the Jakarta Hilton Convention Center. The Minister of Education and Culture Wardiman Djojonegoro reported the preparations for the launching of the program, which will be made in coincidence with National Education Day, to the President yesterday at the Bina Graha.

MEDAN, North Sumatra (JP): Striking workers went on a rampage

MEDAN, North Sumatra (JP): Striking workers went on a rampage again yesterday, throwing stones at factories and overturning parked cars. The chaos kept most business activities in the downtown area at a complete halt. At least 9,000 workers from 22 factories in the provincial capital of nearly two million people continued to stage protests to demand that the provincial administration and their employers improve labor conditions.

Where to go in Jakarta, April 20

Where to go in Jakarta, April 20 Jangan hapus: Dai-ichi Hotel, JAMZ Music o The Aryaduta Jakarta, Jl. Prapatan 44-48, Central Jakarta: - Ambassador Lounge: Amir (pianist) Monday to Friday 7:30 a.m. to 9:30 a.m., Saturday 8 a.m. to 10 a.m.; Boece (pianist) & Rima Monday to Thursday 7 p.m. to 11:30 p.m., Friday & Saturday 7 p.m. to 00:30 a.m.; Jakarta String Fantasy Trio (chamber music) Sunday 12:30 p.m. to 3:30 p.m., Monday to Saturday 3:30 p.m. to 6:30 p.m.; Yusuf (pianist), Sunday 7 p.m.

Bandung footballers receive enthusiastic welcome party

Bandung footballers receive enthusiastic welcome party JAKARTA (JP): Thousands of Bandung soccer enthusiasts joined a deafening celebration yesterday to toast the heroes who brought home the President's Cup from the amateur soccer championship. The home crowds, who had waited for the winning team since six in the morning, formed a long row ranging from Ciburuy, Bandung's easternmost subdistrict, to the capital city of West Java.

PATA against European ruling that allows travel agent suits

PATA against European ruling that allows travel agent suits By I. Christianto SEOUL (JP): The Pacific Asia Travel Association (PATA) is opposing the European Union's (EU) plan to issue a ruling that will allow European tourists to sue travel operators that violate their promises on tour packages, a senior official says.

JP/3/Levina/set 2 cols Box

JP/3/Levina/set 2 cols Box Police develop new theory on Levina murder JAKARTA (JP): Police said they believe that six-year-old Levina Dwisy, whose body was found at Ancol Dreamland in North Jakarta, was murdered by hired killers paid by a lover of the girl's father. "Unfortunately, Levina's father did not want to tell us the truth about his love affair," chief of the North Jakarta police precinct, Lt. Col. Heru Susanto, told reporters yesterday.

Yayuk seeded third at Indonesia Open

Yayuk seeded third at Indonesia Open JAKARTA (JP): The country's number one player and defending champion Yayuk Basuki is seeded third at the Indonesia Open women's tennis championships starting here on Monday. The seeding list issued yesterday by the Indonesian Tennis Association (Pelti), organizer of the US$100,000 annual event, put world number 34 Wang Shi-ting of Chinese Taipei atop the 32- player rankings. Florencia Labat of Argentina, who is ranked 36 in the world, was placed second.

Foreign households find convenience in having helpers

Foreign households find convenience in having helpers By Chris Supangkat JAKARTA (JP): Although Jakarta cannot be compared to romantic Paris or picturesque San Francisco by the Bay, most expatriates seem to like it here just fine. It's one of the more modern cities in Southeast Asia with just about any creature comfort any foreigner would wish for at much lower prices than what can be gotten, say, in the United States. One of the best "perks" Jakarta has to offer is servants.

Rupiah depreciation

Rupiah depreciation Foreign exchange officials at several banks have noted a new wave of dollar purchases in recent weeks due to the higher pace of the depreciation of the rupiah. Although the buying has not reached the point of "being a rush" to the greenback, some analysts have begun to nurture wild speculations about the rupiah rate, thereby prompting a number of depositors to move their accounts to the dollar position.

Indonesia has time to adjust itself to GATT guidelines

Indonesia has time to adjust itself to GATT guidelines JAKARTA (JP): Minister of Trade Satrio B. Joedono is convinced that Indonesia will be ready to comply with all the provisions of GATT when the World Trade Organization (WTO) is activated next year. He said after meeting with a group of officials from Morocco yesterday that the seven years of Uruguay Round negotiations, gave ministers time to prepare for the market opening steps required to meet the new GATT rules.

A

A Antara EASY TALKS: Minister of Transmigration Siswono Yudohusodo (center) chats with Minister of Population/Chairman of National Family Planning Board (BKKBN) Haryono Suyono (left) and noted Moslem intellectual Abdurrahman Wahid after the opening ceremony of the seminar taking the theme "Developing the Pioneering Culture in People's Mobility" yesterday. The seminar will end today.

Investors invited to produce lube oil in joint venture

Investors invited to produce lube oil in joint venture JAKARTA (JP): Pertamina state oil company is inviting foreign and domestic investors to set up joint ventures to produce synthetic lubricating oil domestically. "The synthetic lubricant business is very promising in the country not only because demand for high-quality lubricants is now on the rise, but also because raw materials can be easily imported without restrictions," the company's president Faisal Abda'oe said yesterday.

Govt penalizes 91 bus companies

Govt penalizes 91 bus companies JAKARTA (JP): The Ministry of Transportation revealed that it has taken disciplinary action against 91 intercity bus companies whose drivers were found guilty of price gouging during the Idul Fitri holidays. Director General of Land Transport Soejono said yesterday that some of the drivers had even thrown passengers off the buses after they refused to pay more than the allowable 25 percent price increase.

Education ministry looking for ways to prevent exam cheating

Education ministry looking for ways to prevent exam cheating JAKARTA (JP): The Jakarta Office of the Ministry of Education and Culture is desperately looking for ways to keep national exam questions a secret, which in the past have been leaked prior to the highly competitive tests. The measures include the creation of substitute questions to immediately replace examination material which is found to have been sold to students.

Every citizen can easily go abroad

Every citizen can easily go abroad JAKARTA (JP): An official from the Ministry of Justice said yesterday that Indonesian citizens who hold regular (green) passports are free to go wherever they like.

[prioritas sesuai urutan]

[prioritas sesuai urutan] RCTI, Coke-Cola offer Rp 300m JAKARTA (JP): A handsome prize package worth Rp 300 million (about US$140,000) is up for grabs during the World Cup soccer finals. From May 8 to July 20, soccer fans in Indonesia will be eligible to win prizes which include three double VIP tickets to watch the World Cup finals in Los Angeles, a house priced at Rp100 million and other booty provided by Coca Cola and the private TV station RCTI.

Indonesia promises to help end U.N. sanctions of Iraq

Indonesia promises to help end U.N. sanctions of Iraq JAKARTA (JP): Indonesia has promised to help end economic sanctions imposed by the United Nations on Iraq. "The President has promised to do whatever possible to equitably resolve the situation through the NAM caucus at the U.N.

Printing group derides government coddling of paper producers

Printing group derides government coddling of paper producers JAKARTA (JP): Paper-based industries yesterday cried for an end to the protectionist policies that benefit pulp and paper producers at the expense of consumers like the publishing industry. "The recent 65 percent increase in the price of paper was more due to deliberate actions by the Indonesian Pulp and Paper Association (APKI) rather than genuine market factors," said H.M.

Japan's policy on wood no threat to RI

Japan's policy on wood no threat to RI JAKARTA (JP): Japan's plan to reduce wood imports will not affect Indonesia's wood industry, a business leader believes. "We should not be worried about Japan's plan because Indonesia has been able to diversify its markets," Hendro Prastowo, vice chairman of the Association of Indonesian Forestry Companies (APHI), said here yesterday.

JP/3/Focus/0 set 12pts U75 1 col 2 lines

JP/3/Focus/0 set 12pts U75 1 col 2 lines

Developers denied permit proposal for some violations

Developers denied permit proposal for some violations JP/3/ESTATE/0/12 MB Developers denied permit proposal for some violations JAKARTA (JP): East Jakarta Mayor Sudarsono has temporarily suspended various permit proposals from 11 real estate developers in the mayoralty due to violations of a number of regulations. The developers are being prevented from acquiring land certificates, building permits or any other documentation.

JAKARTA (JP): The Navy will take the fight to pirate activity

JAKARTA (JP): The Navy will take the fight to pirate activity in the western part of the country, says Western Fleet Commander Commodore Arief Kushariadi. "There has been no piracy in the western territory in the last two years, but they have been currently flaring up again, especially in waters along the Strait of Malacca," he said after the job transfer ceremony of the fleet's battle unit chief from Commodore Bambang Surjanto to Col. Reno Mauritz Silitonga here yesterday.

Campaign

Campaign Meanwhile, Indonesian Minister of Tourism, Post and Telecommunications Joop Ave, who is also the PATA's chairman- elect, told reporters yesterday that Indonesia, which has launched a "Visit Indonesia Decade" campaign, is launching an aggressive campaign to attract foreign tourists. The minister said that as part of the plan, there will be commercials on various international television channels, such as CNN and Star TV, in July.

Jababeka's factory buildings sold out

Jababeka's factory buildings sold out JAKARTA (JP): In only three months PT Kawasan Industri Jababeka (KIJ), the owner of Cikarang Industrial Estate (CIE), has succeeded in selling 152 "Three in One" factory buildings, which role a factory, an office and a house into one. President Ismail Sofyan told a press conference yesterday that the demand for "Three in One" buildings is strong as 36 of them were sold at the Real Estate Expo '94.

Incentives needed to instill pioneering spirit of Javanese

Incentives needed to instill pioneering spirit of Javanese JAKARTA (JP): Incentives are needed to instill a greater pioneering spirit among the ethnic Javanese population living in Java so they will resettle on other islands, experts say.

BRI gets syndicated loan

BRI gets syndicated loan SINGAPORE (AFP): Bank Rakyat Indonesia (Persero) yesterday obtained a syndicated loan of US$87 million, officials said. "Proceeds from the facility are to finance the bank's general working capital requirements," the statement said. The loan is for four years and one month but each lender may extend the period at the end of two years and one month from the date of the loan agreement.