Indonesian Political, Business & Finance News

Archive: 8 June 1994

52 articles found

Tansil's wife claims to be ignorant of business deal

Tansil's wife claims to be ignorant of business deal JAKARTA (JP): The wife of businessman Eddy Tansil, the man at the center of the loan scandal at Bank Pembangunan Indonesia (Bapindo), frustrated judges and prosecution at his trial yesterday, when she insisted that she was a novice in business affairs. "I only signed the checks," Indriana Tansil told a hearing at the Central Jakarta District Court.

Former rebels return home

Former rebels return home MERAUKE, Irian Jaya: Three men who fled with their families across to Papua New Guinea 10 years ago have returned to their home villages after disavowing their separatist cause. The three families, comprising 15 people, reported to officials on the border and then proceeded towards the Ninati last weekend, the Antara news agency reported quoting Chief of the Merauke Social Political Office Alex Suyono.

Minister sacked for mid-air flirting

Minister sacked for mid-air flirting BOMBAY (Reuter): The chief minister of India's Haryana state sacked a member of his cabinet saying the minister had misbehaved with an air hostess on a flight from the tourist resort of Goa, Indian newspapers reported yesterday.

Team set up to preserve rainforest

Team set up to preserve rainforest JAKARTA (JP): Two ministers agreed yesterday to form a special team to coordinate work on some important environmental issues which include genetic property rights, nature conservation, indigenous people and eco-tourism. Minister of Forestry Djamaloedin Soeryohadikoesoemo said in a joint press conference with the State Minister of Environment Sarwono Kusumaatmadja yesterday that they were going to help form the team.

Shutlers and officials got cash for victory

Shutlers and officials got cash for victory JAKARTA (JP): The Indonesian shuttlers and officials who managed to recapture the Thomas and Uber Cups were awarded "appreciation money" of Rp 150 million (about US$70,000) by the Governor of West Java R. Nuriana during their tour in Bandung, the provincial capital, on Monday. However, Nuriana, like many other high officials who are fond of absurd quasi semantic games, insisted on defining the prize as "appreciation money" instead of a bonus.

Patience behind the life of a 120-year-old woman

Patience behind the life of a 120-year-old woman By Kosasih Derajat LINGGAR JATI, West Java (JP): Most people want to live as long as possible. This hope is expressed in prayers when a baby is born, and at birthday and wedding parties. But how long do you really want to live? The 1992 Guinness Book of Records, on page 164, lists Shigechiyo Izumi of Japan as the oldest human being: 120 years and 237 days.

Govt has confusing stance on HKBP rift

Govt has confusing stance on HKBP rift JAKARTA (JP): Officials yesterday sent mixed messages about the government's position on the prolonged dispute within the Toba Batak Protestant Church (HKBP). The HKBP issue was raised in three separate hearings between commissions of the House of Representatives (DPR) with Minister of Home Affairs Moch. Yogie S.M., Minister of Religious Affairs Tarmizi Taher and Armed Forces (ABRI) Chief Gen. Feisal Tanjung.

GOLD AND DUST - World Cup Records

GOLD AND DUST - World Cup Records By Richard Pedler GOLD . . . JAKARTA (JP): Pele was the first man to appear on three World Cup winning sides. He scored 12 goals in 14 matches. He is also the youngest player to score in the World Cup finals and he scored in each of his four tournaments. Brazil is the only nation to have taken part in all 14 finals, and have won the most games and scored the most goals. They were also undefeated for eight years (1958-66).

Farmers shun cooperatives with corrupt executives

Farmers shun cooperatives with corrupt executives JAKARTA (JP): Many farmers refuse to join Village Cooperatives Units (KUD) because most of their executives, particularly those appointed by the government, are corrupt and neglect farmers' needs, executives of the Indonesian Farmer Association (HKTI) say.

Philippines to launch first satellite in 1996

Philippines to launch first satellite in 1996 MANILA (AFP): The government and a private consortium of telecommunications firms have signed an agreement on the conditions for the launch of the Philippines' first satellite by the end of 1996, the transportation department said yesterday. Under the accord signed with the 16 companies, the consortium will have exclusive rights to provide satellite space segments to Philippine users within the satellite's footprint for 10 years.

Private sector to benefit people

Private sector to benefit people The role of the private sector in the Indonesian economy demands our attention. The emergence of powerful conglomerates during the first long-term development plan has raised questions about equity and justice in economic activities during the past 25 years. The newly established government regulation No.20/1994 basically provides greater opportunities for foreigners to invest their capital in Indonesia.

Officials to talk at one-day gathering

Officials to talk at one-day gathering A number of ranking officials and noted Moslem preachers and artists, including a minister, will deliver speeches during a one-day gathering of ex-prisoners and nightclub hostesses at the auditorium of PT Pelni building on Jl. Gajah Mada 14, Central Jakarta, on Friday.

Talks on international listing

Talks on international listing JAKARTA (JP): Universal regulations on the capital market and ways to negotiate for international listings will be discussed during a seminar here later this month.

Investment location Indonesia: Relevance regained

Investment location Indonesia: Relevance regained The government has again relaxed restrictions on foreign investment. Noted economist Djisman Simanjuntak strikes a positive note in his analysis. JAKARTA (JP): In the eight years since the announcement of the first major policy reform in May 1986 the investment policy of Indonesia has changed a great deal.

Bombshells found in village

Bombshells found in village BANDA ACEH, Aceh: Police have removed 33 bombshells and 10 cannon balls, believed remnants from the World War II, recently discovered in a village near here. The munitions, which are still live, were discovered in the Lhoonraya village after one of them exploded last week, injuring a 15-year old boy, the Antara news agency reported. They were buried underground. It was not immediately clear whether they belonged to the Dutch or the Japanese forces. Major.

Stop operating old buses

Stop operating old buses From Merdeka On June 5, 1994, I took a PPD No. 46 bus from Grogol to Kampung Rambutan station. The bus was very crowded. When it was about to reach the Pancoran area all of a sudden its engine failed. Naturally, all the passengers started grumbling and complaining. Some of the passengers reluctantly helped push the bus as the driver tried hard to start the engine, but to no avail.

Jakarta chessmen prevail in inter-city team torney in KL

Jakarta chessmen prevail in inter-city team torney in KL JAKARTA (JP): Facing weak opponents, chess wizards from Jakarta maintained their reign in the Asian chess inter-city team tournament with a total score of 26 points in Kuala Lumpur on Monday night. The Indonesian chess masters prevailed over George Town from Malaysia in the last round of the competition with three wins and one draw (3 1/2-1//2).

Facial surgery helps a Lampung boy enjoy life again

Facial surgery helps a Lampung boy enjoy life again By Ati Nurbaiti JAKARTA (JP): Alip Mustofa Arifin is one young Indonesian who is ever so proud of his very flat nose. "It looks nice now, my nose is gone," he said shyly when asked how he felt when he looked in the mirror after a recent surgical procedure relieved him of a facial deformity. "His father, brothers and sisters will be so surprised," said his mother Suparmi.

500 women from Asia, Pacific convence here

500 women from Asia, Pacific convence here JAKARTA (JP): Around 500 women from 50 Asian and Pacific countries began yesterday a conference on women in development, ready to tackle crucial issues including discrimination and the burden poverty places on women. State Minister for Women's Roles Mien Sugandhi opened the Second Asian and Pacific Ministerial Meeting on Women in Development calling for more gender-sensitive development policies.

Police impound vehicles from teens on wheels

Police impound vehicles from teens on wheels JAKARTA (JP): Operation Cleansing resulted in 100 motorbikes and 46 cars being impounded from night-time, daredevil street racers in a recent raid on major roads in the city. The Jakarta Military Command said yesterday the raid, which included Jl. Sudirman, Jl. Thamrin and Jl. Casablanca, was conducted on Sunday evening. Col.

Bapindo regains confidence after scandal: Mar'ie

Bapindo regains confidence after scandal: Mar'ie JAKARTA (JP): Minister of Finance Mar'ie Muhammad says the scandal-hit Bank Pembangunan Indonesia (Bapindo) has recovered business confidence after a series of financial and management remedies. "The heavy bleeding at the wounded bank has already stopped and we are now trying to remedy it," Mar'ie told members of the House of Representatives (DPR) in a hearing yesterday.

Lawyer hails govt's recognition of NGOs

Lawyer hails govt's recognition of NGOs JAKARTA (JP): It is time for Indonesia to show the world that it welcomes the presence of non-governmental organizations (NGOs), a noted lawyer and women's rights advocate said. During a break at the Second Asian and Pacific Ministerial Conference on Women in Development, Nursyahbani Katjasungkana praised Minister of Women's Affairs Mien Sugandhi for agreeing to meet five delegates from local women's groups.

TV today

TV today TVRI 2:30 p.m. TV Series: Prince Valiant 3:05 Music Program 3:30 Science World 4:05 Comedy 4:30 Documentary Film 5:00 Regional News 5:30 Indonesian Lessons 6:05 Nusantara the Beloved Country: Aceh 6:15 Village Program 6:45 Langka Tapi Nyata 7:00 Evening News 7:30 Beautiful Asia 8:05 Spektrum 9:00 World News 9:30 Music 10:35 Late News 10:45 Film: Merlin and the Sword Program 2 4:30 p.m.

Concern over deregulation

Concern over deregulation The great concern, despite the resounding positive reactions, aroused by the May 19 deregulation of foreign investment is quite understandable. The move opens wide areas of public utilities such as sea and air transportation, seaports, drinking water, railways and power generation and distribution to direct foreign investment.

Influence brokers inflate prices of electricity plants

Influence brokers inflate prices of electricity plants JAKARTA (JP): The involvement of lobbyists and brokers in negotiations for the construction of three power projects in Java has caused contractors to charge high prices, the president of the State Electricity Company (PLN), Zuhal, says.

Teachers try to keep paint

Teachers try to keep paint out of blackboard jungle JAKARTA (JP): For the second time in less than a week, school uniforms covered with ink and paint were visible on the streets of Jakarta when junior high schools (SMP) throughout the city announced the results of final exams yesterday. The announcement was greeted with euphoria by the young teenage graduates who proceeded to perform the customary scrawling on school uniforms.

RP to get $2 billion aid

RP to get $2 billion aid MANILA (Reuter): The Philippines is set to raise around US$2 billion in aid from foreign donors at a meeting to be held in Paris next month, Finance Secretary Roberto de Ocampo said in a statement yesterday. De Ocampo, in a report to President Fidel Ramos, said positive developments such as the 4.84 percent growth in gross national product (GNP) in the first quarter would help the country get more funds for crucial projects from donors.

10 bankers liable for $34.7m scandal

10 bankers liable for $34.7m scandal MANILA (AFP): The Philippines' justice department said yesterday it would prosecute five bank employees and five top officials of a bankrupt securities trading firm for fraud in connection with a 938 million peso (US$34.7 million) securities trading scandal. Justice Secretary Franklin Drilon told a news conference he has ordered state prosecutors to conduct a pre-trial investigation of the five Bank of Commerce employees and five Bancapital Development Corp.

Sea port firm has problems eliminating culture of graft

Sea port firm has problems eliminating culture of graft JAKARTA (JP): PT Pelabuhan Indonesia II, the state-owned that manages Tanjung Priok sea port, yesterday admitted to the House of Representatives (DPR) that it is having problems eliminating illegal charges at the port. The company's president, A. Harbani, said in a hearing with Commission V of the House (DPR) that there are several critical points where illegal levies occur everyday.

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) continued drifting lower yesterday in line with the downward trends on other Asian markets. The broad-based Composite Index lost 0.41 point to close at 486.11 from 486.52 on Monday. Meanwhile, the narrower-based GTDBS Index also weakened to close 0.45 lower at 115.98 from 116.43. Yesterday, Lippo Life and Matahari Putra Prima listed new common stocks of around 28.34 million and 100.21 million, respectively.

Bekasi man arrested for killing his mother

Bekasi man arrested for killing his mother JAKARTA (JP): A 60-year-old woman was stabbed to death by her own son in their house at Sukarapih Village in Tambelang, Bekasi, Monday evening. Bekasi police said yesterday that Nuraeni was killed by her son Firman, alias Al Iman, 20, who is strongly believed to suffer from hallucinations. Firman, an employee of a private firm, is now in police custody at Tambelang police station awaiting further interrogation.

Journalists to descend on Medan Rally

Journalists to descend on Medan Rally JAKARTA (JP): Over 150 local and foreign sportswriters are expected to cover this year's main event in the autosports world - Bentoel Rally Indonesia '94 - to be staged in Medan, North Sumatra for June 17 to 19. The rally, which attracts many world beaters, serves as the opening leg of the Asia-Pacific rally circuit scheduled for Malaysia, Australia, New Zealand, Thailand, Hong Kong and China.

Ban smoking in public places

Ban smoking in public places From Media Indonesia I fully agree with the plan to ban smoking in public places and on public transportation vehicles throughout Jakarta. We all know that smoking will damage health and bring about inconveniences to non-smoking passengers on public buses. What is totally surprising is that the smokers have not the least concern about such a condition. Once the regulation is enforced heavy punishment must be imposed on violators.

Pyongyang wants more balanced reports on Korean nuke dispute

Pyongyang wants more balanced reports on Korean nuke dispute JAKARTA (JP): North Korea yesterday called for more balanced news reporting on the country's nuclear dispute with the United States and the International Atomic Energy Agency (IAEA). North Korean Ambassador Han Bong Ha said yesterday that the Western world, as well as Japan and South Korea, enjoy greater access to the international media, "resulting in imbalances of news reports, and deceptions, concerning the issue".

Govt stops plan to build road in Kalimantan forest

Govt stops plan to build road in Kalimantan forest JAKARTA (JP): The Ministry of Forestry has turned down a politically powerful general's request to build a road through the Kayan Mentarang wildlife reserve in East Kalimantan. PT Giri Ekawan, a timber firm controlled by Lt. Gen. (ret) Wahono, currently speaker of the House of Representatives (DPR), wanted the road in order to transport logs from its nearby government concession.

Lippo Village to build tunnel

Lippo Village to build tunnel PT Lippo Village will build a tunnel linking Legok road with the Jakarta-Merak toll road as part of efforts to solve traffic congestion at the gate of the Karawaci toll road. Traffic congestion is common in the area located just 500 meters from the posh housing complex. "The project is expected to start at the end of this year or early next year," said Graham Cunningham, an executive of the company.

New deregulation may lead to high inflation

New deregulation may lead to high inflation JAKARTA (JP): The government's new deregulatory measures significantly easing restrictions for foreign investors may encourage rapid development of investment projects that will in turn lead to high inflation, an economist says.

Alatas is recovering but still needs rest

Alatas is recovering but still needs rest JAKARTA (JP): Minister of Foreign Affairs Ali Alatas is writing memorandums to his staff from his hospital bed where he has been treated for a minor heart attack for the last two weeks. The ministry's chief spokesman Irawan Abidin told The Jakarta Post yesterday that Alatas is expected to be discharged from the Medistra Hospital sometime within the week, but it is not certain when he will return to the office.

Punishment urged for subdistrict head

Punishment urged for subdistrict head Legislator Zumarnis Zein has called on the city administration to punish subdistrict head of the Gambir subdistrict Duri Pulo for abuse of power. The House of Representatives (DPR) member from the Armed Forces (ABRI) faction said Monday the subdistrict head had sold a plot of land formerly used as a garbage dump without prior consultation with senior residents of the area. "This is a serious mistake.

Bribery and the causes

Bribery and the causes From Bisnis Indonesia Bribery `transactions' in Jakarta's Tanjung Priok harbor amount to Rp 260 million a day according to a recent press report. I think three factors are responsible for such a dirty practice persisting in this country. 1. The weak mentality of the government officials who always want a shortcut to enrich themselves through bribes. 2.

No special team needed to monitor flesh eating bacteria

No special team needed to monitor flesh eating bacteria JAKARTA (JP): Health officials here have decided against forming a special team to monitor the spread of the lethal Group A Streptococcus (GAS) flesh eating bacteria which has recently caused concern world-wide. Head of the municipal health office, Soeharto Wiryowidagdo, said that the health board operates an effective surveillance system which sufficiently monitors the development of rare and highly contagious diseases.

Budget for German ships slashed

Budget for German ships slashed JAKARTA (JP): State Minister for Research and Technology B.J. Habibie has agreed to slash the US$1.1 billion he proposed to buy 39 German second hand warships to $482 million. Minister of Finance Mar'ie Muhammad countered that the government can provide only $319 million, and proposed that costs can be slashed to meet this figure. Habibie and Mar'ie presented their stands in separate hearings with the House of Representatives (DPR) yesterday.

Hotel tax to reach $23m

Hotel tax to reach $23m JAKARTA (JP): The collection of the development tax from hotels and restaurants is expected to reach Rp 50 billion (US$23.18 million) this fiscal year, Minister of Tourism, Post and Telecommunications Joop Ave says. He told reporters after opening a two-day workshop on tourism promotion here yesterday that out of these funds, 80 percent will go to local administrations and the remainder will be contributed to the Indonesian Tourism Promotion Board.

Anti-crime operation to continue: Feisal

Anti-crime operation to continue: Feisal JAKARTA (JP): Armed Forces (ABRI) Chief Gen. Feisal Tanjung says the campaign against crime, resulting in hundreds of arrests across the country, will continue. The campaign, code named Operasi Bersih (Operation Cleansing), will be extended to keep the crime rate down to minimum, Feisal said in a hearing with the House of Representatives' Commission I on security affairs yesterday.

ABRI starts civic mission next month

ABRI starts civic mission next month JAKARTA (JP): The Armed Forces (ABRI) will bring its civic mission, more popularly known as ABRI Masuk Desa (AMD), to help with the development in Indonesia's poorest villages. Maj. Gen. Wiyoto, an assistant to Army chief on planning affairs, told reporters yesterday that ABRI would launch its 46th rural development program next month. Sixty percent of the activity would be devoted towards building social projects in poor villages, he said.

Water company finds water theft

Water company finds water theft An ice factory, a restaurant and a car wash service in North Jakarta were caught red-handed stealing water from the City Water Company, PDAM Jaya. The water theft was uncovered late last week during a special operation code-named Operation Dawn. The water company monitored each place closely before it launched the operation, said operation chief Saidin Murkana. He added that the operation at the ice factory located in Jl. Industri started at 1:30 a.m.

Americans and Aussies said missing since tidal waves

Americans and Aussies said missing since tidal waves JAKARTA (JP): Nineteen American and Australian tourists who were spending their vacation surfing near Banyuwangi have been reported missing since massive tidal waves swept across villages along the southeastern coast of Java last Friday.

BPPC staffer found dead at Tebet motel

BPPC staffer found dead at Tebet motel JAKARTA (JP): A 62-year-old man was found dead, his mouth filled with foam, in a room at the Wisma Tebet motel in South Jakarta Monday evening. The man was M. Nurdin Siagian, a staff member of the Clove Marketing and Buffer-stock Management Agency (BPPC).

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 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.

Pasar Jaya employee held on graft

Pasar Jaya employee held on graft JAKARTA (JP): The police have detained an official of the municipal market authority, PD Pasar Jaya, who has allegedly embezzled Rp400 million (US$185,442) of the company's funds. Atin Setiadi, 36, was arrested on Sunday in Saketi village, Pandeglang, West Java, six months after he went into hiding.

Workers lodge complaint

Workers lodge complaint BANDUNG, West Java: Over 700 plantation workers sent five representatives to the Nusantara Legal Aid Foundation to lodge a complaint against their employers, who had paid their salaries for more than a year. The workers of Gemah Ripah, a tea plantation company owned by the local government, said they have not been paid since April 1993. "But we kept working," said one worker who requested anonymity.

French artist presents sculpture

French artist presents sculpture A sculpture carved in travertin (a yellowish stone resembling marble) depicting two people in love will be handed over by French Ambassador Dominique Girard to the Director General of culture Mrs. Edi Sedyawati on Thursday at a ceremony at Wisma Seni Nasional on Jl. Medan Merdeka Timur 14, Central Jakarta where it will be installed. The sculpture, called Samara, was designed by French artist Jorge Carrasco.