Indonesian Political, Business & Finance News

Archive: 7 April 1994

37 articles found

Time ripe for NU to return to politics: Scholar

Time ripe for NU to return to politics: Scholar JAKARTA (JP): A political observer feels that the time is right for Nahdlatul Ulama (NU), Indonesia's largest Moslem organization, to return to the political arena which it abandoned 10 years ago. NU can grab the opportunity to take the reins at the United Development Party (PPP) if it wants to, Kacung Marijan said, as reported by Antara. Kacung Marijan is a political lecturer at the Airlangga University in Surabaya, East Java.

Post-Cold War nuclear proliferation

Post-Cold War nuclear proliferation By Marty Natalegawa Jakarta (JP): The continuing uncertainty over North Korea's suspected nuclear program has shown how unfounded were the hopes that the end of the Cold War would reduce the world's preoccupation with nuclear issues. Of course, the Cold War and nuclear weapons were always closely entwined. The American-Soviet nuclear arms race was arguably the most tangible manifestation of the Cold-War.

All teams arrive for soccer c'ship

All teams arrive for soccer c'ship JAKARTA (JP): All seven visiting teams have arrived for the intercity amateur soccer championship finals, which kick off tomorrow, while a flux of fanatic supporters are not far behind. The soccer players from Bandung, Banda Aceh, Medan, Surabaya, Gresik, Rembang and Ujungpandang, arrived yesterday at the Century Park Hotel near Senayan stadium, the venue for the finals, a day earlier than scheduled.

JAKARTA (JP): Minister of Public Housing Akbar Tandjung said

JAKARTA (JP): Minister of Public Housing Akbar Tandjung said yesterday that the property business here is quite promising since Jakarta residents prefer to buy houses in real estate complexes rather than build houses of their own. "In the long run, people won't bother to construct their own houses, so they'll turn to real estate developments for convenience," Akbar said at the opening of the Real Estate Expo '94 at the Jakarta Hilton Convention Center.

Telkom to get $400 million in loans from WB

Telkom to get $400 million in loans from WB JAKARTA (JP): The World Bank will extend loans of US$400 million to the state-owned domestic telecommunications company PT Telekomunikasi Indonesia (Telkom) next year, an executive says.

Jakarta rivers

Jakarta rivers not properly cleaned Yesterday, Jakarta mayors complained about the poor job private contractors were doing in cleaning the city's rivers. North Jakarta mayor Suprawito complained that contractors only submerge floating garbage instead of removing it from the rivers. Meanwhile, East Jakarta mayor Sudarsono said that contractors operating within his mayoralty simply move the garbage from the rivers to the riverbanks.

Rescue the farmers!

Rescue the farmers! Indonesian farmers, especially those in the East, Central and West Java, have been facing disasters such as floods and plant diseases which destroy their crops. More than 40,000 hectares of crops have failed. Another "disaster" is the fact that rice prices drop at every harvest because the supply exceeds the demand. Due to the above, the farmers can be expected to have a difficult time this year.

RI pushes new category for UNSC membership

RI pushes new category for UNSC membership JAKARTA (JP): Indonesia is pushing for a new category in the United Nations Security Council to redress what they see as the overriding power of the five permanent members. Indonesia's chief representative to the United Nations Nugroho Wisnumurti said on Tuesday the council should try to appoint new permanent members without vetoing rights enjoyed by the permanent five.

Bureaucratic inefficiency hampers growth of mining industry

Bureaucratic inefficiency hampers growth of mining industry JAKARTA (JP): A leading businessman believes that the extensive bureaucracy at the mining and energy offices is responsible for the reluctance of project financiers to back mine construction. Theo van Leuwen, project manager of PT Rio Tinto Indonesia, said yesterday that inefficient handling of license and permit procedures for developing mines often causes delays.

B

B JP/09 THERE GOES THE NEIGHBORHOOD: Atika Shahab and her children stare at their war-zone-like neighborhood after the area's developer, PT Kuningan Persada, appropriated most of the plots belonging to their neighbors. The company has started to build a high-rise tower on Jl. Rasuna Said, South Jakarta.

Photo

Photo JP/alx INVESTMENT SECURITY: Dutch Foreign Minister P.H. Kooijmans (left) whispers to his Indonesian counterpart Ali Alatas after signing an agreement on promotion and protection of investments. The agreement was signed in Jakarta yesterday. Reuter MIDDLE EAST PEACE: Egyptian President Hosni Mubarak (right) listens to PLO chairman Yasser Arafat in Cairo. Arafat arrived in Egypt yesterday to discuss the latest developments in the Middle East peace process.

Indonesian spinners cannot use U.S. credit guarantee

Indonesian spinners cannot use U.S. credit guarantee JAKARTA (JP): Although the United States is looking to maintain and increase in its cotton sales to Indonesia with assistance to local yarn producers, government regulations bar spinning firms to use the aid. "Through the Foreign Market Development Program and the Market Promotion Programs we are working with the Cotton Council International (CCI) and Cotton Incorporated (CI) to expand our cotton sales," the U.S.

Jakarta gets

Jakarta gets 250 more taxis The city-owned Greater Jakarta Taxi Drivers Cooperative, Kosti Jaya, has added 250 new taxis and 100 refurbished ones into its fleet, making the total number of its operating vehicles 1,250. "We have also constructed five taxi pools and now operate our own repair station," said Ulla Nuchrawaty Jusuf, chairperson of the cooperative, during the launching of the new taxis at City Hall yesterday. According to Ulla, as of December last year, Kosti Jaya has paid back Rp 19.

RI's changing demographics: pros and cons

RI's changing demographics: pros and cons JAKARTA (JP): Indonesia has undergone sweeping demographic changes over the past 25 years thanks to its highly successful family planning program, population experts say. Declining birth and mortality rates, coupled with rising life expectancies and migration have changed the population mix in Indonesia, something that policy makers should take into account while plotting the nation's development.

Garuda Indonesia recruits 19 Timorese technicians

Garuda Indonesia recruits 19 Timorese technicians BANDUNG (JP): Flag carrier Garuda Indonesia yesterday recruited 19 East Timorese who have just completed a one-year training course on aircraft maintenance with the Air Force. East Timor Governor Abilio Jose Osorio Soares welcomed the Garuda's decision to hire East Timorese because he felt it has helped to strengthen East Timor's integration with Indonesia, especially for youth.

Where to go in Jakarta, April 7

Where to go in Jakarta, April 7 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.

Non-oil exports fall for the first time

Non-oil exports fall for the first time JAKARTA (JP): For the first time in ten years Indonesia's non- oil exports have declined, raising concerns in a cabinet meeting on economy at the Bina Graha presidential office here yesterday. "President Soeharto ordered related ministers to study the causes of the decline in non-oil exports in January and learn why the changes in demand were taking place." Minister of Information Harmoko made this announcement after a limited cabinet meeting on economy.

Angry mob attacks government office

Angry mob attacks government office TANGERANG (JP): Dozens of local public transit drivers destroyed the offices of the Tangerang Revenue Office in front of the Karawaci-Kebon Jeruk exit tollgate on Jl. Karawaci Raya here yesterday morning. All six of the on-duty officers managed to escape unharmed. On Monday and Tuesday, hundreds of the drivers parked their minibuses in the middle of the nearby Jl. Kelapa Dua Raya presenting grievances.

ASEAN At A Glance

ASEAN At A Glance Better protection for rebels urged MANILA (AFP): Philippine President Fidel Ramos told the police yesterday to provide better protection to former communist guerrillas following the assassination of a former top rebel leader who had surrendered.

TV Today: Thursday, April 7

TV Today: Thursday, April 7 TV today TVRI 2:30 p.m. TV Series: Tarzan 3:05 Children Program 3:30 TV Series: The Sword of Tipu Sultan 4:30 Scouts' Program 5:00 Regional News 5:30 Arabic Lessons 6:05 Nusantara the Beloved Country: Bengkulu 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Islam 7:00 Evening News 7:30 TV Drama 8:05 TV Series: Combat 9:00 World News 9:30 Sports Program 10:35 Late News 10:45 Film: Hercules Centre of the Earth Program 2 4:30 p.m.

JAKARTA (JP): Dozens of families remain living in and

JAKARTA (JP): Dozens of families remain living in and defending their war-zone-like neighborhood in Guntur sub- district, South Jakarta, amid escalating tension between the residents and the area's developer, PT Kuningan Persada. In a bid to construct the 24-hectare Empire Tower on Jl. Rasuna Said, the developer has begun appropriating the plots, constructing the foundation, digging large entrenchments and piling up mounds around the houses.

Jakarta's preservation efforts enter 21st year

Jakarta's preservation efforts enter 21st year By Amir Sidharta [10 pts ML] JAKARTA (JP): Twenty years have passed since restoration work on Taman Fatahilah and the Jakarta History Museum was completed. The 1970-1974 restoration project transformed a chaotic public transportation terminal into the formal public square that lies in Jakarta's historical Kota district.

Tanjung rules out conspiracy behing general's murder

Tanjung rules out conspiracy behing general's murder JAKARTA (JP): Armed Forces (ABRI) Commander Gen. Feisal Tanjung insisted yesterday that there is no evidence of a conspiracy behind the killing of Brig. Gen. TMF Tampubolon. "So far, we have found no evidence that the killing had a political background," Feisal said in answer to reporters' questions prior to a ministerial meeting at the Bina Graha presidential office yesterday. At a separate occasion, head of the City Police Headquarters, Maj.

Harmoko must work hard for clean government: Politicians

Harmoko must work hard for clean government: Politicians By Santi WE Soekanto JAKARTA (JP): Golkar chairman Harmoko may have set himself too ambitious a task when he pledged that the ruling political group will fight for clean government. While not impossible, Harmoko has taken on a Herculean task, two opposition politicians and a political scientist said in separate interviews with The Jakarta Post.

Import tariffs restructured

Import tariffs restructured JAKARTA (JP): The government has fully adjusted the classification of import goods into the new version of the Harmonized System Convention. The Ministry of Finance announced yesterday that the adjustment on the classification of import goods was made in line with the change in the Harmonized System, which was revised in 1992. The adjustment, contained in Ministry of Finance Decree No. 81/KMK/05/1994, dated March 16, became effective on April 1.

Accounting standard introduced for forest management

Accounting standard introduced for forest management JAKARTA (JP): The draft of an accounting standard specially designed for forest concessionaires has been introduced to businessmen to supplement the general principles of accounting which have been applied by the Association of Indonesian Accountants (IAI).

Abebe won't promise world record at 10K race

Abebe won't promise world record at 10K race JAKARTA (JP): The world best road racer Addis Abebe of Ethiopia promised no new record for his title defense attempt at the 10-kilometer run here on Sunday. Abebe, who yesterday started his training session less than nine hours after his arrival on Tuesday night, said he was ready to defend his crown but doubted that he would be able to shatter the winning time of 27 minutes and 40 seconds that he clocked last year.

New York private eyes hunt Tansil's wealth

New York private eyes hunt Tansil's wealth JAKARTA (JP): Minister of Finance Mar'ie Muhammad confirmed yesterday that he had hired the services of an American detective agency to hunt some of the assets belonging to Eddy Tansil, the man at the center of a $620 million corruption investigation. "Someone has written about it and I'm not denying it," Mar'ie told reporters when pressed to comment on the report which was first carried out by the Tempo weekly magazine.

Minister holds up recommendation for Djajanti's share issue

Minister holds up recommendation for Djajanti's share issue JAKARTA (JP): Minister of Forestry Djamaloedin Soeryohadikoesumo will not recommend a share issue for PT Artika Optima Inti (AOI) unless the Djajanti Group's wood panel manufacturer is able to fulfill its forest concession obligations in Irian Jaya. Djamaloedin said yesterday that based on the company's forest concession agreement, it is required to develop a wood processing unit in Irian Jaya.

Australian business reap rewards of early start in Vietnam

Australian business reap rewards of early start in Vietnam By Robert Templer HANOI (AFP): Alone in the dusty scrubland of an abandoned U.S. airbase in southern Vietnam stands a small symbol of Australia's march into Asia -- a factory producing the painted steel roofing that covers a million Australian homes.

KOTA IN JAKARTA, A LEGACY WORTH PRESERVING

KOTA IN JAKARTA, A LEGACY WORTH PRESERVING By Carla Bianpoen [10pt ML] JAKARTA (JP): While the city of Jakarta is rapidly becoming a giant metropolis, and the development of the city is requiring more space to provide social, economic and cultural facilities, there is a growing awareness that historical and cultural heritage should be preserved as much as possible.

JAKARTA (JP): Prices on the Jakarta Stock Exchange (JSX)

JAKARTA (JP): Prices on the Jakarta Stock Exchange (JSX) continued to plummet yesterday despite a sign of recovery on other Asian markets. The broad-based Composite Index lost another seven points to close at 473.96, the lowest level since October last year. The narrower-based GTDBS-50 Index also fell to close at 111.79 from 114.79 on the previous day. Securities analysts said that the market remained under a heavy selling pressure despite signs of recovery on other Asian stock exchanges.

VISITING POLISH ABSTRACT PAINTER CAPTIVATED BY MODERN INDONESIA

VISITING POLISH ABSTRACT PAINTER CAPTIVATED BY MODERN INDONESIA By Hanka Kawecka-Lee [10pt ML] JAKARTA (JP): The Polish painter Jozef Kulesza says he is enchanted by Indonesia and flabbergasted by the progress it has made in the past 40 years. He finds the people friendly and relaxed, and not in an obsessive hurry as they are in Europe. He is dumbstruck by the architecture of central Jakarta, describing the buildings as "singularly beautiful", and "uniformly harmonious".

JAKARTA (JP): The city police strongly denied yesterday

JAKARTA (JP): The city police strongly denied yesterday reports that the Metromini driver whose bus plunged into the Sunter river in North Jakarta on March 6 had been arrested. "The man arrested in Dairi, North Sumatra, was not the wanted driver," Lt. Col. A. Latief Rabar, spokesman for the City Police Headquarters, told The Jakarta Post late yesterday evening. Earlier yesterday City Police Chief Maj. Gen.

Your Letters

Your Letters Tourist industry I would like to bring your attention to the prevailing economic situation in Indonesia and how we can all help to improve it. Tourism, as we all know, is quite an important industry in Indonesia. The government has helped promote the tourist industry with promotions like "Visit Indonesia Year 1992." But to increase the tourist rate, we should promote Indonesia's specialities. For instance, Indonesia's green areas have always made the area look attractive.

Across the Archipelago

Across the Archipelago Balinese celebrate Galungan Day DENPASAR, Bali: Indonesia's Hindu community, especially those living in Bali, celebrated Galungan, marking the victory of good over evil, yesterday. In many regions of this predominantly Hindu island, people went to the temples to present offerings to show their gratitude to God. In this provincial capital, streets were richly decorated with ornaments made of young coconut leaves. Preparations for the festivities began weeks ago.

Warning on Indonesian debts

Warning on Indonesian debts Coordinating Minister for Economy and Finance Saleh Afiff's warning on Indonesia's foreign debts which have reached a total of US$90 billion is quite encouraging. That note of caution leaves us assured that the government is fully aware of the potential danger of excessive borrowing and is therefore taking safeguard measures to keep the indebtedness level fully manageable.