Indonesian Political, Business & Finance News

Archive: 18 August 1994

53 articles found

Operation of night transportation okayed

Operation of night transportation okayed JAKARTA (JP): Governor Surjadi Soedirdja has given the green light to a municipal agency's plan to operate public transportation vehicles at night to support the city's service and trade sectors. The head of the City Traffic and Land Transportation Control Agency (DLLAJ), J.P. Sepang, announced Tuesday that the governor agreed with the agency's plan to operate night-time transit services.

Artists International back to aid Red Cross

Artists International back to aid Red Cross By Gus Kairupan JAKARTA (JP): They were back again, the Artists International, a group of opera singers that undertakes tours every year to Asian countries under the auspice of the Sime Darby Group, the main sponsor behind the 4-year old event. Other sponsors of Le Grand Opera this year were Malaysian Airline System and of course Sahid Jaya Hotel and Tower which by now can be referred to as the home of opera music in Jakarta.

Police bust drug traffickers

Police bust drug traffickers PALEMBANG, South Sumatra: Local police have foiled attempts by five different people to distribute marijuana in the area, seizing 40 kilograms of marijuana in all. Spokesman for the Southern Sumatra Police, Capt. Karno, told Antara that one suspect was apprehended on Aug. 1 on the Trans- Sumatra highway. The man who boarded the bus from Aceh was carrying 11 kilograms of marijuana. Another suspect was arrested the following day with 10 kilograms of marijuana.

KL lifts ban on currency swaps for foreigners

KL lifts ban on currency swaps for foreigners KUALA LUMPUR (AFP): Malaysia's central bank has announced an end to a six-month old ban on swap deals by banks with non- residents in another move to woo back foreign funds and prop up the local fledgling capital market. "Commercial banks in Malaysia are now allowed to undertake non-trade related swaps, including overnight swaps and outright forward transactions on the bid-side with foreigners," a brief central Bank Negara statement said Tuesday.

Free IDs for elderly people

Free IDs for elderly people South Jakarta Mayor H. Pardjoko handed out free citizenship documents to 50 elderly people in connection with Independence Day celebrations. The 50 elderly people, who live in Kebayoran Baru, received the IDs at a ceremony in the auditorium of the mayor's office on Tuesday. The head of the Mayoralty Population Office, Firdauz Asman, said that the elderly people were chosen from 10 subdistricts in Kebayoran Baru district.

Malaysia gropes soccer bribery

Malaysia gropes soccer bribery KUALA LUMPUR (AFP): Malaysia's police and anti-corruption agency will screen all local teams participating in the national premier league amid widespread allegations of match-fixing, officials said yesterday.

New Italian diner at Mandarin

New Italian diner at Mandarin Pasta and pizzas are being served around the clock at the new Zigolini Italian Restaurant and Bar which replaces the Club Room at the Mandarin Oriental Hotel in Central Jakarta. The hotel's general manager, Duncan Palmer, said on Tuesday that patrons may miss the 15-year-old Club Room which was renovated to make way for the new restaurant, but expressed confidence that the public will find the new, informal atmosphere of Zigolini appealing.

Success in business

Success in business I believe if we are to succeed in life we must be endowed with a good measure of "good luck". Many rich and successful Indonesian business people, who are affluent even according to international standards, do not possess the two basic requirements for business, namely substantial working capital and thorough knowledge of their line of business.

DPR, economist urge review of policy on greater equity

DPR, economist urge review of policy on greater equity JAKARTA (JP): A noted economist and members of the House of Representatives (DPR) are urging the government to review its policy on redistribution of income and development of small businesses so that greater social and economic equity can be achieved. The remarks came in the wake of President Soeharto's State of the Nation speech at the DPR, on Tuesday, the eve of the country's 49th Independence Day.

President Soeharto remarks on openness triggers debate

President Soeharto remarks on openness triggers debate JAKARTA (JP): President Soeharto's reiteration on Tuesday of the need to maintain political stability sparked debate on whether the government intends to close the gates of political openness. Politicians, academics and lawyers expressed differing interpretations on the meaning of the statements in Soeharto's annual state-of-the-nation speech marking yesterday's 49th Independence Day.

DPR wants govt to consult before imposing protection

DPR wants govt to consult before imposing protection JAKARTA (JP): Members of the House of Representatives (DPR) have urged the government to consult the legislative body before imposing any tariff protection policy for industrial ventures to avoid irregularities or collusion with businesses.

Joop promises open tender for 2 million telephone lines

Joop promises open tender for 2 million telephone lines JAKARTA (JP): Minister of Tourism, Post and Telecommunications Joop Ave vows that the tender for the installation of two million telephone lines in the coming five years will be open and transparent.

National stability under threat: Wahono

National stability under threat: Wahono JAKARTA (JP): House Speaker Wahono warns that poor human resources, low productivity, unemployment and foreign interference may threaten the stability that Indonesia yearns to develop. Wahono said if not properly addressed, the problems would disrupt the government's efforts to equalize distribution of the development cake, maintain growth and promote stability.

Great tasks face the nation in the next 25 years

Great tasks face the nation in the next 25 years Following are excerpts from the provisional translation of President Soeharto's State Address delivered at the plenary session of the House of Representatives (DPR) on Aug. 16 on the occasion of Indonesia's 49th Independence Day on Aug. 17. JAKARTA: As a nation, half a century can no longer be regarded as young. But if we look around to the vast corners of the world, we see many nations are much older than ours.

Village funds misappropriated

Village funds misappropriated SEMARANG, Central Java: A local councilor said that the funds under a presidential aid program earmarked for poor villages have been misappropriated by officials. Deputy chief of Commission A at the Central Java legislative council Djihad Mahya said strong indications are that many officials had embezzled the money for their personal use. Djihad said that the central government doesn't supervise the use of such funds. (har)

Chinese cautious of Brazil's challenge

Chinese cautious of Brazil's challenge JAKARTA (JP): Chinese spikers rated Brazil their toughest competition in the first leg of the world women's volleyball grand prix championship which starts here tomorrow. With 11 world-class players in tow, the Chinese team arrived here on Tuesday for the four-team competition as the red-hot favorite.

Typhoon `Fred' threatens RP

Typhoon `Fred' threatens RP MANILA (AFP): Typhoon Fred, packing maximum winds of 120 kilometers (74 miles) an hour, was bearing down on the extreme northern Philippines yesterday, the weather bureau here said. Fred was moving west at 19 kilometers (12 miles) an hour and was plotted at about 1,340 kilometers (830 miles) east of the northern town of Aparri at 10:00 a.m. (0200 GMT) but it was not expected to affect the country over the next 24 hours, the bureau said.

Investing on convicts pays

Investing on convicts pays JAKARTA (JP): People with money to spare might want to consider an offer from Central Java Governor Soewardi -- invest in a business run within the confines of prison facilities. Soewardi made the proposal after inspecting the quality of some of the handicrafts made by inmates of the Kedungpane Correctional Institution in Semarang.

Small change withheld

Small change withheld From Merdeka Not giving small change has become a habitual practice among some cashiers of the state electricity company, PLN, especially the cashiers at the company's office in Depok. When they don't return larger amounts of money it becomes a problem. For example, a client gives Rp 9,000 to the cashier to pay the electricity bill of Rp 8,915 but the cashier does not return the remaining Rp 85. Isn't that a lot?

Refugees to leave Galang Island by 1995: Official

Refugees to leave Galang Island by 1995: Official JAKARTA (JP): A Ministry of Foreign Affairs official says he is confident that Galang Island in the Riau archipelago will be free from Vietnamese and Cambodian boat people by 1995. Director of Security F. Rumayar said on Tuesday that the plan is proceeding smoothly with the repatriation process now moving ahead without serious obstacles. "The plan to vacate the island is going on and the number of boat people is dropping sharply," he said.

Independence Day reflection

Independence Day reflection Every time we observe our Independence Day we have to thank God for we have succeeded in improving our economy so that the level of the people's prosperity is raised, the number of people living below the poverty line has decreased and infra-structures have been built which enables us to embark on to the next development.

Indonesia's Yayuk moves to Canadian Open third round

Indonesia's Yayuk moves to Canadian Open third round MONTREAL (Agencies): Indonesia's Yayuk Basuki continued her successful preparation for the U.S. Open by beating 10th seed Magdalena Maleeva of Bulgaria 6-4, 2-6, 6-3 to reach the third round of the US$750,000 Canadian Open here on Tuesday.

1,422 criminals regain their freedom this year

1,422 criminals regain their freedom this year JAKARTA (JP): The 49th anniversary of Indonesia's Independence Day yesterday saw 1,422 convicts walk to freedom. While for 15,379 others, the day brought them one step closer to a return to society. President Soeharto, as has been his tradition on Independence Day, granted remissions ranging from between one to six months to convicts who behaved themselves for the past year.

Incentives planned for bank mergers

Incentives planned for bank mergers JAKARTA (JP): Minister of Finance Mar'ie Muhammad announced Tuesday that the government will offer incentives to encourage small banks to merge among themselves or with larger ones. "The Ministry of Finance and Bank Indonesia (the central bank) are preparing the incentives," he told reporters after attending a plenary session of the House of Representatives (DPR).

RI foreign policy enters a new phase

RI foreign policy enters a new phase JAKARTA (JP): Minister of Foreign Affairs Ali Alatas said yesterday that the start of the Second Long Term Development Plan (PJPT II) marks a new era in the country's foreign policy.

Success and challenges

Success and challenges President Soeharto's annual State of the Nation Address to mark Independence Day, besides serving as contemplation of our statehood experience over the last year, also gives an accounting of the overall development in the 1993-1994 fiscal year that ended last March.

Police foil gambling

Police foil gambling PONTIANAK, West Kalimantan: Police have arrested four men suspected of organizing gambling activities at a three-star hotel. One of the detainees is a Malaysian citizen, according to Antara. Spokesman for the provincial police said the suspects were arrested on Monday along with a large amount of Indonesian and Malaysian currency. He said the cardsharks used small denomination bills when gambling in order to avoid detection.

Councilors want city parks to be rebuilt soon

Councilors want city parks to be rebuilt soon JAKARTA (JP): The City Council is urging the City Park Office to speed up the implementation of programs concerning areas formerly designated for green areas but which were used for the development of gas stations and other projects instead. The program calls for converting the areas into parks.

Mahathir to discuss yen with Murayama

Mahathir to discuss yen with Murayama KUALA LUMPUR (AFP): Prime Minister Mahathir Mohamad said he would raise Malaysia's trade and investment problems with Japan during talks with his Japanese counterpart Tomiichi Murayama, scheduled to arrive here next week. "There are quite a lot of issues (to be raised)," Mahathir said Tuesday, adding that the soaring yen was hampering efforts to tackle Malaysia's trade imbalance with Japan.

Proton to enter Europe

Proton to enter Europe KUALA LUMPUR (AFP): Malaysian national car maker, Proton, said yesterday it was appointing distributors in France, Germany, Belgium and the Netherlands in a bid to penetrate the European market. Britain is the sole Proton flag bearer in Europe at present, making up 85 percent of the car's overseas market share. Jamil Jan, the chairman of Proton -- or Perusahaan Otomobil Nasional Bhd.

More low-cost apartments needed

More low-cost apartments needed JAKARTA (JP): A deputy governor wants PD Pembangunan Sarana Jaya, a city-owned construction company, to build more low-cost apartments to meet the escalating demand for housing among the low-income bracket. "The company should not only anticipate big opportunities in the property business but should build more low-cost apartments instead," said Tb. M. Rais, the deputy governor for economic and development affairs.

KL bans gays on TV programs

KL bans gays on TV programs KUALA LUMPUR (AFP): Malaysia has banned homosexuals and transvestites from appearing on the country's state-run television network, Radio Televisyen Malaysia (RTM), a top official said yesterday. "Any artiste who is proven to be a gay will come under the ban. We do not want to encourage any form of homosexuality in our society," Information Minister Mohamed Rahmat, was yesterday quoted as saying by local newspapers.

CONDOLENCES

CONDOLENCES The management and staff of The Jakarta Post express their deepest condolences on the death of Mr. Djohan Akbar, former member of the editorial staff of the newspaper, in Jakarta on Aug. 16, 1994.

Free buses attract people

Free buses attract people SURABAYA, East Java: Hundreds of people enjoyed free bus rides on Wednesday during the celebration of Indonesia's 49th Independence Day. Bus companies allowed passengers to travel free to mark the holiday. Antara reported that despite the boom of passengers, the buses plied their routes in good order. Most of the customers were students who were attending school ceremonies. Some 80,000 passengers reportedly showed up at the Surabaya bus terminal. (par)

KL to auction sunken treasure

KL to auction sunken treasure KUALA LUMPUR (Reuter): Malaysia will auction in Amsterdam $20 million worth of treasure recovered from a British ship that sank in the Straits of Malacca in 1817, the Star newspaper said yesterday. The Star quoted sources as saying porcelain and artifacts from the merchant vessel Diana have already been shipped to Amsterdam. The decision to hold an auction in Amsterdam was made last week by a Finance Ministry committee.

Merbabu forests razed by fire

Merbabu forests razed by fire SALATIGA, Central Java: Several hectares of forest on Mount Merbabu in Ampel and Getasan districts have been destroyed by fire. The authorities are still investigating the cause of the fire. Forest rangers and locals worked hand in hand to put the fire out by cutting down trees. Strong winds, however, caused the fire to spread. The fire was extinguished completely after a three-hour struggle.

W. Jakarta plans laser disc inventory

W. Jakarta plans laser disc inventory The West Jakarta Office of the Ministry of Information will hold a mayoralty-wide inventory at shops selling and renting laser discs. Muhayat, the head of the West Jakarta information office, said yesterday the inventory is aimed at preventing the distribution of uncensored films. Muhayat said the 1992 information law stipulates that any film produced on laser discs is subject to censorship before it can be shown, rented or sold.

Japanese firms win RI jobs

Japanese firms win RI jobs TOKYO (AFP): Three major Japanese trading firms have each won orders from the Indonesian government to build thermal power plants in Java by 1997 worth a total 180 billion yen (US$1.8 billion), company spokesmen said yesterday. Marubeni Corp. will build a 80 billion yen power station with a capacity of 1,100 megawatts in Muara Tawar, West Java, jointly with Asea Brown Boveri AG, a Swiss-Swedish venture and the largest heavy electrical machinery maker in Europe.

Soeharto warns of danger of anarchy

Soeharto warns of danger of anarchy JAKARTA (JP): President Soeharto says Indonesia must move cautiously towards democracy given the nation's huge diversity and brief experience at nation building. "What we really need is a responsible openness," Soeharto said in his State of the Nation address on Tuesday. "Our nation is so diverse. The history of our development is still young.

Chrisye to perform at JHCC tomorrow

Chrisye to perform at JHCC tomorrow Melancholic singer Chrisye will perform a solo show at the Plenary Hall of the Jakarta Hilton Convention Center tomorrow. Sammy W., the marketing supervisor for the concert, said Tuesday it will be jointly sponsored by the private television broadcaster RCTI and the Bass Production House. The show is being held to mark the fifth anniversary of the television company. Tickets for the concert range from Rp 20,000 (US$ 9.2) to Rp 75,000 per person. (arf)

SBSI chief formally charged with inciting Medan riots

SBSI chief formally charged with inciting Medan riots JAKARTA (JP): Muchtar Pakpahan, the chairman of the outlawed Indonesian Prosperous Labor Union (SBSI), has been formally charged with inciting the riots in Medan last April. National Police Chief Spokesman Brig. Gen. IK Ratta said on Tuesday that Muchtar, who is in the custody of the Medan Police in North Sumatra, was formally informed of the charge on Monday.

Stock Exchange

Stock Exchange JAKARTA (JP): The price surge continued on the Jakarta Stock Exchange (JSX) on Tuesday, with most shares booking significant gains in active trading. The broad-based Composite Index rose by 5.5 points to close at 483.59 on Tuesday, as compared to 478.03 on the previous day. The narrower-based GTDBS-50 Index also recorded another increase to close at 116.06, as compared to 114.31. The exchange was closed yesterday, the 49th anniversary of the country's Independence Day.

Jakarta receives award for achievement in development

Jakarta receives award for achievement in development JAKARTA (JP): Jakarta has been named a recipient of the long awaited Parasamya Purnakarya Nugraha, a meritorious award given to provinces for the most outstanding achievement in development over the past five years. Jakarta has competed for the award along with Indonesia's 26 other provinces for 20 years.

Census of street traders planned

Census of street traders planned The city administration will soon hold a census of street traders in order to get accurate data on the number of people doing business in this informal sector.

Garuda still using baggage firm despite press barrage

Garuda still using baggage firm despite press barrage JAKARTA (JP): Garuda Airlines is unlikely to terminate its contract with the company entrusted with baggage handling at the Soekarno-Hatta International Airport despite allegations employees have been rifling passenger's bags. The company, PT Jakadara, is the sole firm entrusted with moving baggage from planes' storage sections to the luggage retrieval belts at the airport.

KL's TA stockbrokers expand into RI

KL's TA stockbrokers expand into RI KUALA LUMPUR (AFP): Malaysian-based TA Securities yesterday said it was buying an 85 percent stake in an Indonesian stockbroking firm, Swadana Cipta Efekindo (SCE), to become the third brokerage to expand into Indonesia in the last three months. TA Securities, through its listed parent company, TA Enterprise Bhd., will pay Rp 442 million or about 574,000 ringgit (US$229,600), to vendors PT Pradja Farma Hoslab and Tjipto Pusposuharto for the stake in SCE.

No permits for unscrupulous developers, Surjadi warns

No permits for unscrupulous developers, Surjadi warns JAKARTA (JP): Governor Surjadi Soedirdja has said that the city administration will not give new permits to property developers who refuse to construct social and public facilities. "Please don't expect us to grant permits for other projects before you have acknowledged your responsibility and have built social and public facilities," he said.

Superbike riders arrive here

Superbike riders arrive here JAKARTA (JP): All but one of the overseas participants arrived here yesterday for Sunday's international superbike race at Sentul circuit in West Java. American world champion Scott Russell delayed his arrival until today while his closest rivals Carl Fogerty of England and Aaron Slight of New Zealand entered the race a day earlier than scheduled yesterday. At least 30 riders will be on hand for the event, the sixth stop of the world superbike championship series.

Agreement on tiger breeding signed

Agreement on tiger breeding signed BOGOR (JP): The management of Taman Safari Indonesia, the company managing the Safari zoological park in Cisarua, Bogor, and PT Crown Pacific Jaya signed a memorandum of understanding for funding on Tuesday. The memo stipulates that the private sector firm, PT Crown Pacific Jaya, will donate US$ 45,000 to the zoological park to finance Sumatran tiger captive breeding programs.

Senior journalist dies

Senior journalist dies JAKARTA: Djohan Akbar, a senior journalist for a number of press publications, died on Tuesday of pneumonia. Djohan was 74 years of age. He is survived by his wife, eight children and seven grandchildren. He was buried yesterday in Pasar Minggu. Djohan worked many years for the Antara news agency, at one time serving as its correspondent in Tokyo. He was also a correspondent for Times of London and a Dutch newspaper NRC Handelsblad.

Chinese in school curriculum

Chinese in school curriculum From Media Indonesia The recent government decision to allow tourist brochures with Chinese characters is too superficial. Looking at regional realities the government should also include Japanese characters in its decision judging from the economic potential of these two nations. I suggest the inclusion of the two languages in senior high school curriculum as an option on top of the compulsory English.

Government may impose tax on CPO exports

Government may impose tax on CPO exports JAKARTA (JP): The government is mulling over the imposition of a progressive tax on exports of crude palm oil (CPO) to guarantee an adequate supply of the commodity on the domestic market. Ibrahim Hasan, the chairman of the National Logistics Agency (Bulog), the government-run semi-buffer stock agency, said here this week that the tax is now under consideration, with steps being taken to prepare for possible implementation.

Returning workers told to be discreet with cash

Returning workers told to be discreet with cash JAKARTA (JP): City councilors are encouraging Indonesians returning from work assignments abroad to travel cash-light to better escape extortionists lurking around the Soekarno-Hatta airport.