Indonesian Political, Business & Finance News

Archive: 6 May 1994

38 articles found

Education system contributes to rising jobless rate

Education system contributes to rising jobless rate JAKARTA (JP): The swelling ranks of unemployed university graduates at a time when Indonesia needs more and more skilled workers can only mean one thing -- something is wrong with the education system. Prof. Conny Semiawan, a noted education expert, said Indonesian colleges and university are producing too many social science graduates and not enough experts in the natural and exact sciences.

Critical of

Critical of President Referring to the news item in The Jakarta Post (April 26, 1994) concerning the arrest of a number of university students charged with humiliating the President, I have the following comments. The Indonesian state is based on the principles of the Pancasila democracy, and every citizen has freedom of expression.

Focus on Jakarta

Focus on Jakarta FIABCI award for Ancol Dreamland Ancol Dreamland, one of the city's largest tourist attractions, received the "FIABCI Prix d'Excellence" for the leisure category from the world real estate organization Federation Internationale des Administration de Biens at Counceils Immobiliers (FIABCI).

RP futures mart perks up

RP futures mart perks up MANILA (AFP): The Philippines' futures market is perking up with East Asian clients helping drive up trading by 179 percent in the first quarter, the head of the government's corporate watchdog agency said. About 60 percent of the orders placed in the Manila International Futures Exchange (MIFE) were by foreign clients from China, Hong Kong, and Singapore, said Securities and Exchange Commission (SEC) chairwoman Rosario Lopez.

JP/3/Royalty

JP/3/Royalty Foundation to sue one music royalty evader JAKARTA (JP): The Indonesian Creative Acts Foundation (YKCI), which collects royalties from consumers, will soon sue a businessman in the entertainment industry for refusing to pay music royalties. Staffers at the foundation revealed the plan to city councilors during a hearing yesterday. "We pledge our full support for the foundation's plan.

Prosecutors press for jail terms for students

Prosecutors press for jail terms for students JAKARTA (JP): Government prosecutors yesterday called for jail terms ranging between eight and 18 months for 15 students accused of defaming President Soeharto. The stiffest sentences were sought for the two students most outspoken during the trial and during the protest at the House of Representatives (DPR) last December, which led to the charges against them -- Yeni Damayanti and Adi Kurniawan.

Two-tier structure proposed for Asia-Pacific Business Network

Two-tier structure proposed for Asia-Pacific Business Network JAKARTA (JP): Indonesia and Australia have proposed a two-tier structure for the organization of the Asia-Pacific Business Network which will be launched at its inaugural meeting here on August 24. Both countries, who are the joint organizers of the meeting, proposed that the first tier be a policy development stream involving national chambers of commerce and industry and other major national industry associations.

American Express confident with RI's banking system

American Express confident with RI's banking system JAKARTA (JP): American Express Co. (Amex), a multinational travel and financial services firm of the United States, has confidence in the Indonesian government's handling of current problems in the banking industry, the company's president said. "I'm confident that the banking problems will be solved," Jeffrey E. Stiefler, Amex's president, told newsmen here yesterday.

Indonesia

Indonesia exports nurses JAKARTA: Secretary General of the Ministry of Health Hidayat Hardjoprawito officially bade farewell on Tuesday to 48 Indonesian nurses who were leaving for Saudi Arabia. The nurses, graduates of the Academy of Nurses, will work in Saudi government hospitals in Mecca and Medina where they will receive a monthly salary of Rp 1.3 million (US$613.2).

Ramos signs crucial economic reforms into law

Ramos signs crucial economic reforms into law MANILA (AFP): President Fidel Ramos signed into law here yesterday several key economic reforms including tax reforms and a bill letting foreign firms participate in local infrastructure projects.

State printer ends monopoly on school text books

State printer ends monopoly on school text books JAKARTA (JP): Perum Balai Pustaka, the government-owned publishing and printing agency, is ending its monopoly in the printing and distribution of text books. Balai Pustaka Director Suwardi told reporters yesterday that the move was taken to help end the acute shortage of text books, in recognition of the fact that his company can only supply 25 percent of the total need.

Police, DLLAJ ticket 1,142 buses for violations

Police, DLLAJ ticket 1,142 buses for violations JAKARTA (JP): A special team of the City Police and the City Traffic and Land Transportation Control Agency (DLLAJ) has ticketed a total of 1,142 public transportation drivers in the last two days for keeping their vehicles' doors open while in motion. "The buses were ticketed Tuesday and Wednesday at various locations, not only on main roads and highways but also on smaller streets around the city," City Police spokesman Lt. Col. A.

Plaza Indonesia to issue rights shares

Plaza Indonesia to issue rights shares JAKARTA (JP): PT Plaza Indonesia Realty, the owner of the Jakarta Grand Hyatt hotel which posted a net profit of Rp 23.9 billion (US$11.16 million) last year, will make a rights issue of 115 million shares at a price of Rp 1,750 each. The planned issuance, which was approved by an extraordinary meeting of shareholders yesterday, will enable a holder of two shares to buy a new share.

Metropolitan Group opens hotel in Bekasi

Metropolitan Group opens hotel in Bekasi JAKARTA (JP): PT Metropolitan Development is scheduled today to open its fourth Horison Hotel in Bekasi, about 30 kilometers east of Jakarta. The four-star hotel, which is integrated with the Metropolitan Mall shopping center, will offer 111 rooms during the first few months of its operation before its grand opening in August.

Denmark enters Thomas Cup in full team 'to fight' Indonesia

Denmark enters Thomas Cup in full team 'to fight' Indonesia JAKARTA (JP): Denmark, Europe's strongest badminton country, arrived here yesterday with promises of a daunting challenge for the hosts in the race for Thomas Cup. With doubles specialist Thomas Lund managing to recover from his knee injury, Denmark looks confident to steal the limelight in the May 10-21 finals.

Pertamina allowed to seek $1 billion in offshore borrowing

Pertamina allowed to seek $1 billion in offshore borrowing JAKARTA (JP): The government has approved the state oil corporation Pertamina's plan to borrow US$1 billion from foreign banks for the development of oil refineries in Central Java and East Kalimantan.

Tax chief

Tax chief removed PURWOKERTO, Central Java: Tax office chief Tommy Dimpudus has been removed amid allegations of corruption leveled by his staff. Finance Minister Mar'ie Muhammad replaced him with Suwarsono Hermawan and transferred him to Jakarta where he no longer holds a managerial position. Tommy's two year-term has been marred with taxpayers' complaints about irregularities involving his office, especially illegal levies they were forced to pay.

IATA appoints Yogya agent

IATA appoints Yogya agent JAKARTA (JP): The International Air Transport Association (IATA) has appointed PT Intras Tours as the agency for all international airlines for Yogyakarta and the surrounding area. A director of Intras, Susetyo Prabowohadi, said in Yogyakarta yesterday that all tickets for international air carriers grouped in the IATA are available at his company.

RI 'to revenge' South Korea in Davis Cup meet

RI 'to revenge' South Korea in Davis Cup meet JAKARTA (JP): With revenge uppermost in the minds of its players host Indonesia will be gunning for a 2-0 lead over South Korea in today's Davis Cup Asia Oceania opening matches at Senayan clay courts here. "We suffered a hammering 5-0 defeat at the hands of the Sooth Koreans in Seoul last year.

SBSI blames military for workers' riots

SBSI blames military for workers' riots JAKARTA (JP): The Prosperous Labor Union (SBSI) is blaming last month's racial violence in Medan, North Sumatra, largely on the military's mishandling of a tense situation. Announcing its preliminary findings on the incident, the union said yesterday the rioting was fueled by long-standing labor dissatisfaction.

Lust, betrayal and black magic in S. Jakarta murder

Lust, betrayal and black magic in S. Jakarta murder JAKARTA (JP) A public prosecutor demanded that a young man, who is being tried for the murder of a housewife, get 20 years' imprisonment. "Evidence garnered in former proceedings have shown that the defendant was guilty of murder," Prosecutor HP Silitonga told the South Jakarta district court on Wednesday. In the indictment, Joko Sudiatmoko was said to have been paid Rp 10 million (US$4,760) to kill Sri Sukarsih, a resident of Jl.

Vietnam's palm oil project

Vietnam's palm oil project HANOI (AFP): A Malaysian company is to invest US$46 million in a palm oil plantation in one of the largest investments in Vietnam's agricultural sector, a report said yesterday. Golden Hope Co. Ltd. is to plant 10,000 hectares (26,000 acres) of palms in Long An province near Ho Chi Minh City to provide the raw materials for a cooking oil processing plant it already runs in Vietnam, the Thanh Nien newspaper said.

Riau readies for

Riau readies for Koranic contests PEKANBARU, Riau: The organizers of the Musabaqah Tilawatil Qur'an (MTQ), the national Koranic recital contest, has assigned 33 hotels and hundreds of houses in the city to accommodate the thousands of participants in July. The organizers have inspected 53 hotels in the city, including non-star rated hotels, for the purpose and selected 33, said Fadlah Sulaiman, head of the accommodation section. The inspection involved officials of the local health office.

Where to go in Jakarta, May 6

Where to go in Jakarta, May 6 Music * 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. to 11:30 p.m.

Banque Indosuez acquires 70 percent stake in MIB

Banque Indosuez acquires 70 percent stake in MIB JAKARTA (JP): Banque Indosuez of France has acquired 70 percent of PT Mutual International Bank (MIB), with the remaining 30 percent being held by PT Mutual Promotion Corporation. MIB announced yesterday that this acquisition, effective on Wednesday, will compliment Banque Indosuez's other established operations in Indonesia, which include W.I.

Wife of Timor fugitive leaves for Portugal

Wife of Timor fugitive leaves for Portugal JAKARTA (JP): The wife of an East Timor fugitive who fled to Portugal over two years ago will leave Indonesia today to join her husband following negotiations involving the International Committee of the Red Cross. A foreign ministry official told The Jakarta Post that Gabriel Lopez da Cruz has forfeited her Indonesian citizenship and will leave with her two-year old baby for Portugal.

Indonesia now world's third largest coal exporter

Indonesia now world's third largest coal exporter JAKARTA (JP): Steam power plants in Asia, notably in Thailand and the Philippines, depend largely on Indonesian coal, Ambyo Mangunwijaya, president of state-owned PT Bukit Asam, said yesterday. "Indonesia is now the third largest coal exporter in the world after Australia and South Africa," Mangunwijaya was quoted by the Antara news agency as saying in Lampung, on the southern tip of Sumatra.

Pregnancy leave

Pregnancy leave From Bisnis Indonesia Commenting on the pros and cons of a four-month pregnancy leave, as a female worker myself, I would feel ashamed to be away from work for so long. Especially if I worked for a private company. Although it is true that this policy is good for the baby. In this context, I fully agree with Martha Tilaar, who suggested that every company should provide special rooms for babies, so that the working mother can breast-feed her baby every two hours.

Experts calls for all out effort against unemployment

Experts calls for all out effort against unemployment JAKARTA (JP): A seminar on unemployment concluded yesterday with a call for an all out effort to cut the massive jobless rate in Indonesia. The three-day seminar proposed that unemployment in Indonesia could be tackled by slashing population growth, improving the education system, and most of all, by speeding up industrialization process. The seminar was organized by the Ministry of Manpower and attended by officials and experts.

Dutch team considers taking back hazardous waste

Dutch team considers taking back hazardous waste JAKARTA (JP): A team from the Dutch government began inspection of 65 containers of used plastic and other waste which came from Rotterdam and has been left unclaimed at Tanjung Priok port because they were declared illegal imports. The four-person team was sent after Indonesia demanded that the Netherlands take them back, saying that the exports contravened an international treaty against the shipment of toxic and hazardous waste.

North Jakarta police seek Interpol assistance

North Jakarta police seek Interpol assistance JAKARTA (JP): The North Jakarta police are seeking assistance from the Indonesian National Central Bureau (NCB) Interpol to arrest a Taiwanese man believed to have fled Indonesia after allegedly killing his girlfriend. "Based on the request, the Indonesian NCB Interpol will contact Interpol offices overseas to locate the suspect," City Police spokesman Lt. Col. A. Latief Rabar said here yesterday.

TV Today: Friday, May 6

TV Today: Friday, May 6 TVRI 2:30 p.m Tennis Davis Cup report 3:05 Langka & Unik 3:30 Science Film 4:00 Student Quiz 4:30 TV Series: Ibn Taimiyah 5:00 Regional News 5:35 Science program 6:05 Nusantara the beloved country: South Sulawesi 6:15 Village Program 6:45 Information: Oral Health 7:00 Evening News 7:30 Dinamika 8:05 Music Program 9:00 World News 9:25 Highlights Davis Cup 9:55 Talk Show 11:00 Late News 11:10 Film Program 2 4:30 p.m.

ASEAN agrees to further talks on new free trade area

ASEAN agrees to further talks on new free trade area CANBERRA (AFP): Australia won approval from the Association of South East Asian Nations (ASEAN) yesterday for further consideration of its plan for a free trade area covering Southeast Asia, Australia and New Zealand. Senior officials from the six ASEAN countries agreed the plan "merited further discussion" after talks with their Australian counterparts during the 16th ASEAN-Australia Forum here.

Share prices fall on Jakarta Stock Exchange

Share prices fall on Jakarta Stock Exchange JAKARTA (JP): Most share prices closed lower on the Jakarta Stock Exchange (JSX) yesterday. The broad-based Composite Index, which gained almost two points to close at 462.64 on Wednesday, fell slightly to 462.55 yesterday. The narrower-based GTDBS-50 Index, which is calculated on the basis of major liquid shares, closed higher at 107.9 yesterday from 107.44 on Wednesday.

Aliyah students complain

Aliyah students complain JAKARTA (JP): Students of a state-owned Islamic senior high school (madrasah aliyah) in Mampang Prapatan, South Jakarta, complained that most of the nationwide state examination questions (Ebtanas) are new to them. "Difficult", shouted a number of the students in chorus when asked about the nationwide state examination, administered on Tuesday.

Presidential

Presidential succession In 1997, the Indonesian people will face two important events: a presidential succession and a general election. The people will vote for members of the House of Representatives (DPR) and the People's Consultative Assembly (MPR); then the two institutions will elect a president and a vice president for the 1998-2003 period. Those events will be a benchmark of the New Order's success in establishing a solid political system.

Soeharto looks to meeting with Bolger

Soeharto looks to meeting with Bolger JAKARTA (JP): President Soeharto yesterday said a meeting with New Zealand Prime Minister James Bolger in Jakarta later this month bodes well for closer bilateral ties.

Tempo to sell 17.5 million shares in June

Tempo to sell 17.5 million shares in June JAKARTA (JP): PT Tempo Scan Pacific, a subsidiary of the Tempo Group of pharmaceuticals and cosmetics companies, will sell 17.5 million new shares in June to finance its business expansion, strengthen capital structure and repay its loans.