Indonesian Political, Business & Finance News

Archive: 24 June 1994

42 articles found

Golden Key Group's staff brace for dismissal

Golden Key Group's staff brace for dismissal JAKARTA (JP): Some 200 workers at a giant petrochemical project belonging to Eddy Tansil have been advised they'll soon be looking for new jobs, as it is unlikely that the project will be completed with their boss still on trial for corruption. Abdul Hanan, the local union representative for PT Cilegon Multiwahana in Serang, West Java, said he had told the workers to be prepared to have their employment terminated any time soon.

Soeharto briefed on Barito's $1b deal in Kuala Lumpur

Soeharto briefed on Barito's $1b deal in Kuala Lumpur JAKARTA (JP): The Malaysian government has agreed to provide Indonesia's Barito Pacific Group with one million hectares of land in Sabah state for the development of timber estates for pulp. Minister of Investment Sanyoto Sastrowardojo told reporters yesterday, after meeting President Soeharto, that the pulp industry would be developed to support the timber estates and could employ around 10,000 Indonesian workers.

Australia's `Visions for the Future' an eye-opener

Australia's `Visions for the Future' an eye-opener By Samsudin Berlian JAKARTA (JP): Name one scientist from Australia! Um...um.... Go ahead, take your time. Maybe it would help to know that so far, six Australian research scientists have won the Nobel Prize. What, indeed, do we non-Australians know about the scientific achievements of the Southern Cross? Kangaroos and koalas we know, but what of science from the continent sometimes called the Sprawling Pancake?

Mar'ie wants WB and ADB to cope with volatile yen

Mar'ie wants WB and ADB to cope with volatile yen JAKARTA (JP): Minister of Finance Mar'ie Muhammad yesterday urged the World Bank and Asian Development Bank (ADB) to take more initiatives to maintain the stability of the Japanese yen rate against the U.S. dollar, since a high volatility would affect the world economy.

Foreign fishing fleets threaten RP

Foreign fishing fleets threaten RP MANILA (AFP): Fishing fleets of developed nations will become one of the main concerns of the ill-equipped Philippine navy as it tries to defend against poaching and toxic-waste dumping in the country's waters, President Fidel Ramos said yesterday. The navy has "inadequate resources to effectively deal with them," and would employ a "selective sea control" strategy to meet the threats, he told navy officers and men here.

RI to be U.S. center for Asian markets

RI to be U.S. center for Asian markets WASHINGTON (AFP): Indonesia will be the first stop for many American businessmen looking to do business in Asia under U.S. plans to challenge Japan's economic dominance of the region, the government said yesterday. The United States will establish in Jakarta the U.S. Commercial Center in Asia that will assist U.S. companies looking to do business in Asia, the Commerce Department said.

Schering pays dividend

Schering pays dividend JAKARTA (JP): The annual shareholders meeting of PT Schering- Plough Indonesia, a company of discovery, development and marketing of human pharmaceutical and healthcare products, announced a 40 percent increase in its final dividend from Rp 250 per share for 1992 operation to Rp 350 per share for 1993 operation. At the meeting, The company's president Philip A.

Where to go in Jakarta:

Where to go in Jakarta: 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 12:30 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.

Three restaurants closed down

Three restaurants closed down Three restaurants were closed down on Wednesday after a combined team from the North Jakarta mayoralty found that their licenses had expired. The head of the North Jakarta Tourism office, Wiyanto, said that the Jaya Abadi restaurant in Muara Karang, Kwe Tiauw restaurant in Kelapa Gading and Istana restaurant, have been operating illegally since 1991. "They have been warned to renew their licenses several times," Wiyanto said.

Governor seeks help from city's advisory board

Governor seeks help from city's advisory board JAKARTA (JP): Governor Surjadi Soedirdja is calling for assistance by development experts as the city soars ever upwards toward the era of "skyscrapers and flyovers." "The future of Jakarta will be colored with the ever continuing emergence of skyscrapers, flyovers, and the scarcity of green areas," the governor said yesterday at the inauguration ceremony of new members of the BPTB, an advisory board in charge of giving advice to the municipality...

Human error remains prime cause of accidents

Human error remains prime cause of accidents JAKARTA (JP): A leading traffic expert is calling on traffic authorities to issue "temporary" drivers' licenses for new drivers so that their driving abilities can be tested before they receive permanent licenses. The chairman of the Institute for Traffic and Transportation Development Indonesia, Brig.

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices, which have been on a downward trend for more than three weeks, continued losing ground on the Jakarta Stock Exchange (JSX) yesterday. The broad-based Composite Index lost 2.17 points to close at 470.95 after losing another two points the previous day. The narrower-based GTDBS-50 Index lost ground to close 0.18 points lower at 112.73 from the previous 112.91. PT Ugahari made its stock market debut yesterday by listing 21.6 million new shares.

Pasar Jaya official to be tried for scam

Pasar Jaya official to be tried for scam JAKARTA (JP): A PD Pasar Jaya's employee will be tried soon for allegedly embezzling two billion rupiahs from the city-owned company, Chief of Jakarta Prosecutor's Office Suyoto said yesterday. "We hope his trial can start in August," Suyoto told reporters at the city hall. He said the Jakarta high prosecutor's office has examined 21 people, including top staffers of the company.

NU scholars set for controversial talks in Rembang

NU scholars set for controversial talks in Rembang JAKARTA (JP): After enduring weeks of controversy and numerous obstacles, a group of ulemas of the Nahdlatul Ulama (NU) have finally scheduled the meeting where they will discuss their strategy to win the election at the United Development Party (PPP).

Don't play up differences in society: Soeharto

Don't play up differences in society: Soeharto JAKARTA (JP): President Soeharto warned the people yesterday against playing up differences between various groups in society because it could sow seeds of instability. "Let's not forget our commitment to become a united nation," Soeharto said in a speech before participants of a leadership course organized by the National Resilience Institute (Lemhannas). "Remember our motto `Unity in Diversity'.

NEC Nusantara receives big telephone contract

NEC Nusantara receives big telephone contract JAKARTA (JP): The state-owned PT Telekomunikasi Indonesia (Telkom) has given the Japan-Indonesia joint venture PT NEC Nusantara Communications an order to build telephone exchanges with a combined capacity of 1.5 million lines. The installation must be completed within the ongoing sixth Five-Year Development Plan (1994-1999) period, Antara reported yesterday, quoting a Telkom executive.

New nuclear shadow hangs over Hiroshima

New nuclear shadow hangs over Hiroshima HIROSHIMA, Japan (AFP): Hiroshima, resurrected from an atomic bombing half a century ago, is threatened by fallout from a post- Cold War nuclear crisis as it prepares to host the Asian Games. The Asian Games will have more sports than an Olympics, there will be a record number of competitors in Hiroshima. But persuading North Korea to be among them will dominate the attention of organizers for weeks to come. The city is not despondent however.

Asuransi Bintang nets 29 percent increase in premiums

Asuransi Bintang nets 29 percent increase in premiums JAKARTA (JP): PT Asuransi Bintang, a public general insurance company, netted a total premium income of Rp 27.4 billion (US$12.69 million) in 1993, up by 29 percent from Rp 21.24 billion ($9.83 million) in 1992, the company's president Bahder Munir Sjamsoeddin said.

Weather agency plans to buy more sophisticated equipment

Weather agency plans to buy more sophisticated equipment JAKARTA (JP): The government yesterday promised to spend $90 million in new equipment to bolster the capability of the Meteorological and Geophysics Agency (BMG), which forecasts weather and monitors natural disasters such as earthquakes. "It's a matter of to be or not to be," Minister of Transportation Haryanto Dhanutirto said, explaining the government's plan to purchase more sophisticated equipment.

Jakarta anniversary

Jakarta anniversary What message will we covey in the context of the Jakarta 467th anniversary? This is a time to revive a sense of togetherness among Jakarta's pluralistic population. As the capital city, Jakarta is really Indonesia in miniature. About eight-and-a-half million people are struggling both for a place to live and to earn a living. Under its pluralistic condition, the ideal for a healthy togetherness is not easy to realize.

RI to host 5th Merdeka Cup

RI to host 5th Merdeka Cup JAKARTA (JP): Indonesia will host the fifth international Merdeka basketball tournament at the Senayan stadium here in Aug. 25 until Sept. 1, says Bunyamin Ramto, an official of the Basketball Association of Indonesia (Perbasi). Ramto was quoted by a press-release made available yesterday that the tourney will be participated by contenders from six countries including the United States, South Korea, Saudi Arabia, Russia, Taiwan and host Indonesia.

Barito's wood-chip plant

Barito's wood-chip plant JAKARTA (JP): Prajogo Pangestu, a conglomerate who controls the forest-based Barito group, plans to build a wood chip plant on Sungsang island in South Sumatra to process 1.5 million cubic meters of raw wood to be harvested from its 126,000 hectare concession in the province. Agusnang, the president of PT Musi Hutan Persada, the subsidiary of Barito group in S.

TV Today

TV Today TVRI 2:30 p.m World Cup 1994: Italy vs Norway (rerun) 4:30 Student Quiz 5:00 Regional News 5:30 Dunia Pustaka 6:05 Nusantara the beloved country: South Sulawesi 6:15 Village Program 6:45 Karya Nyata 7:00 Evening News 7:30 Dinamika 8:05 Music 9:00 World News 9:25 Journal of World Cup 1994 9:55 Quiz: Siapa Dia 11:00 Late News 11:25 World Cup 1994: Mexico vs Ireland Program 2 4:30 p.m.

Yayuk defeats Maleeva to keep on winning track

Yayuk defeats Maleeva to keep on winning track LONDON (Agencies): Indonesia's Yayuk Basuki kept on the winning track at the Wimbledon tennis championships by ousting 16th seed Magdalena Maleeva of Bulgaria in a close battle in three sets 5-7, 7-6 (7-3), 6-4 yesterday. World number 45 Yayuk, who also defeated the youngest Maleeva sister for a fourth place here last year, used her powerful serve and volley game to earn herself a place in the third round.

Russia takes command in world powerlifting championships

Russia takes command in world powerlifting championships JAKARTA (JP): Indonesia stole a little bit of thunder as Russia snatched the first day lead at the junior world powerlifting championships in Nusa Dua, Bali on Wednesday night. A 20-strong team from Eastern Europe, one of the world powerlifting powerhouses, collected a haul of nine golds, three silvers and a bronze to set the pace in the medals race at the four-day competition held for the first time in Indonesia.

Great River to procure new machine, complete facilities

Great River to procure new machine, complete facilities JAKARTA (JP): PT Great River Industries, a producer of brand name garments listed on the Jakarta and Surabaya stock exchanges, will procure new sewing machines and complete facilities for new branded garments in anticipation of increased demand.

Multipurpose Citicard

Multipurpose Citicard JAKARTA (JP): Citibank launched new ATM card, called the Citibank Citicard, yesterday which allows customers access to their accounts from over 166,000 ATM locations at worldwide Citicard Banking Centers and affiliated ATM networks in more than 50 countries. The new service will allow customers to withdraw cash in the local currency at competitive rates, quick checks of bank balances and fund transfers between Current and saving accounts.

Tangerang area miserable

Tangerang area miserable From Neraca Tangerang, West Java, is in a sorry state as many facilities need urgent repair. The Ciputat and Ciledug areas, for example, have to be given due attention by the local government because real estate companies are building thousands of houses in these areas, but the social and public facilities have not yet been made available. Roads to and from these areas are still in poor condition and far from convenient.

Pindad and Cogifer to make rail switches

Pindad and Cogifer to make rail switches JAKARTA (JP): The state-owned army industrial company PT Perindustrian Angkatan Darat (Pindad) signed a Memorandum of Understanding with French Cogifer Industries to construct 200 rail switches worth Rp 20 billion (US$9.26 million). Under the agreement which was signed in Bandung, west Java by Pindad's vice president T.

255 motorbikes for law enforcers

255 motorbikes for law enforcers Governor Surjadi Soedirdja donated 240 motorbikes to the Jakarta military-police headquarters and prosecutor's office in a ceremony at City Hall yesterday. The military received 115 motorbikes, the police 125 motorbikes, and the prosecutor's office 15 . The municipality also donated two minibuses to the city traffic police, 15 sets of walkie talkies and three minibuses to the prosecutor's office.

RI, Thailand win in Aspac volley

RI, Thailand win in Aspac volley FUKUOKA, Japan (AFP): Indonesia and Thailand both scored their second wins at the Asian-Pacific Cup men's volleyball here yesterday. The Indonesians, runners-up to Japan in the previous Cup, rallied to a 15-10, 15-3, 15-10 win over the Philippines in the six-team round robin tournament in Fukuoka, south-west Japan. Thailand breezed past Vietnam 15-12, 15-6, 15-6 to remain unbeaten, and now take on Indonesia today.

Students should act rationally

Students should act rationally I have decided to write this letter after reading about the fate of jailed student activists, who seem to be victims of wrong advice. As a teacher, I feel obliged to pass on my humble advice to my fellow students. I will talk about current topical issues in relation to students, attitudes, judgments and activities in Indonesia.

Taiwanese suspect may be tried in his country

Taiwanese suspect may be tried in his country JAKARTA (JP): Police said yesterday they may not be able to extradite YYS, a Taiwanese man believed to have murdered a businesswoman here last month, because Indonesia and Taiwan do not have diplomatic relations. YYS, 45, believed to be the lover of the victim, Ivone, has been arrested by the Taiwanese authorities but the nonexistence of diplomatic ties between the two countries makes extradition hardly possible, Lt. Col. A.

Kuwait seeking support in conflict with Iraq

Kuwait seeking support in conflict with Iraq JAKARTA (JP): Kuwait yesterday solicited the support of Indonesia, which currently chairs the Non-Aligned Movement (NAM), in its bid to have the international economic embargo against Iraq extended. Chairman of the Parliament of Kuwait Saleh Yousif Al-Fidhalah met with President Soeharto, who also chairs the NAM, to ask Indonesia to use its influence in ensuring an extension of the embargo until Iraq recognizes Kuwait's sovereignty and independence.

Complaint

Complaint I am writing to your newspaper as there are no other avenues that I can go to in order to lodge a complaint about the customer service at Louis Vuitton, a luxury goods store located in Plaza Indonesia. I visited the store in early January 1994 and sent my handbag for repair. At the time, the staff informed me that it would be sent to Singapore and that they did not have any idea as to when it might be ready. It has been five months now.

Hundreds protest

Hundreds protest against press bans JAKARTA (JP): Hundreds of journalists and employees of three news magazines marched to the Ministry of Information yesterday, demanding the government to lift the ban against their publications. The protesters, who also demanded a public apology from the government for its decision to revoke the magazines' publishing licenses, were joined by activists, members of the intellectual community and students, bolstering their number to over 1,000.

New resort at Carita beach

New resort at Carita beach JAKARTA (JP): PT Wahana Pandugraha, a private developing company, will construct Carita Paradise Resort, a star-rated resort and hotel, in Carita beach, in the district of Labuhan, West Java. Wahana's president Surya Widjaja said here yesterday that the hotel will be constructed in a 15-hectare plot with an investment of Rp 30 billion (US$13.89 million). He said that the resort will offer 160 unit cottages, three- star hotel with 100 rooms and other facilities.

Police face uphill battle to uphold the law enforcement

Police face uphill battle to uphold the law enforcement JAKARTA (JP): The low ratio of police officers to the general population has led made the national police unable to serve the people adequately, says a former national police chief. General (ret.) Awaloedin Djamin said here yesterday that the situation has been made worse by the fact that Indonesian policemen are poorly equipped.

Abiola questioned, Nigeria police say

Abiola questioned, Nigeria police say LAGOS (Reuter): Moshood Abiola, the millionaire businessman who defied Nigeria's military rulers by proclaiming himself president, was arrested yesterday and was being questioned at an undisclosed location, police said. The United States condemned the arrest in a statement issued by its embassy in Lagos and said it raised serious questions about the military government's commitment to restore democracy.

Last flight of pilgrims ends largest ever haj operation

Last flight of pilgrims ends largest ever haj operation JAKARTA (JP): The largest ever haj operation conducted by the government ended when the last of 355 flights bringing the Moslem pilgrims home arrived at the Halim Perdanakusuma airport yesterday. The operation, to send some 165,000 pilgrims to Saudi Arabia, was not without its share of controversy.

Listed firms told to sell shares to cooperatives

Listed firms told to sell shares to cooperatives JAKARTA (JP): Listed companies are strongly urged to sell a portion of their shares to 617 new village cooperative units throughout the country in an effort to help develop small-scale businesses.

Timorese jailed for protests

Timorese jailed for protests DILI, East Timor: Three young men who held an anti-government demonstration in front of visiting foreign journalists last April have been sentenced to 20 months imprisonment by a court. Pantaleon Amaral, 18 years old, Isak Soares, 22, and Miguel de Deus, 20, were found guilty of creating public disorder and fueling separatist sentiments through their actions in front of a hotel where the journalists stayed.