Indonesian Political, Business & Finance News

Archive: 5 August 1994

44 articles found

Britain's Faldo to play in Bali Asian Masters

Britain's Faldo to play in Bali Asian Masters JAKARTA (JP): Number three in the world Nick Faldo of England will head the star-studded premier golf event in Indonesia scheduled to tee off at Bali Golf and Country Club in Nusa Dua on Nov. 3. A field of 120 golfers, which also include world number eight South African David Frost, ninth ranked Colin Montgomerie of Britain and Vijay Singh of Fiji now ranked number 17, will vie for US$345,000 in the Alfred Dunhill Asian Masters.

Defense chiefs holidaying

Defense chiefs holidaying MATARAM, West Nusa Tenggara: Australia's defense minister Robert Ray arrived here on Thursday to spend two days holidaying on the Lombok Island with his Indonesian counterpart Edi Sudradjat. Oma Rubana of the ministry of defense and security said the ministers would visit a number of places of interests in Otak Kokok and Senggigi beach, Antara reported. (par)

Indonesia's middle class far from solid: Political scientist

Indonesia's middle class far from solid: Political scientist JAKARTA (JP): Indonesia needs at least one more generation before it can produce a solid middle class which is essential to a democracy, a leading political scientist says.

Indonesia sees fewer labor strikes in last six months

Indonesia sees fewer labor strikes in last six months JAKARTA (JP): The number of labor strikes has fallen drastically after peaking in January, Minister of Manpower Abdul Latief announced yesterday. Indonesia saw a total of 99 strikes in January, 75 in February, 72 in March, 20 in April, 20 in May, 17 in June and 10 last month, Latief told reporters yesterday after briefing President Soeharto about the current manpower situation.

Indonesia may to join cocoa body soon: Ivory Coast says

Indonesia may to join cocoa body soon: Ivory Coast says ABIDJAN (AFP): Indonesia is expected to join the Cocoa Producers' Alliance (COPAL) "very soon", Ivory Coast's Council of Ministers said yesterday in a statement issued in its economic capital Abidjan. Indonesia "will very soon take a decision in the general direction desired by most cocoa-producing countries, for whom Ivory Coast is the spokesman," the statement said.

Development on infrastructure projects planned

Development on infrastructure projects planned JAKARTA (JP): Asian countries will spend some US$2.5 trillion for the development of infrastructures, including transportation, energy, railway, telecommunication and electricity, by the year 2000, officials said. Coordinating Minister for Industry and Trade Hartarto said in a press conference yesterday that infrastructure development is of fundamental importance to the continued social and economic growth in the region.

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices strengthened for the fourth day on the Jakarta Stock Exchange (JSX) yesterday with consumer-based and property stocks still dominating trading sessions. The broad-based Composite Index recorded an increase of another 3.8 points to close at 468.7 in active trading, as compared to 464.85 on Wednesday. The narrower-based GTDBS-50 Index also maintained its upward trend to close at 112.40 against Wednesday's 111.40.

Bulog cuts official price of rice to curb inflationary pressure

Bulog cuts official price of rice to curb inflationary pressure JAKARTA (JP): The National Logistics Agency (Bulog), the state run semi-buffer agency, cut the price of its rice yesterday by Rp 10 to Rp 675 (31 U.S. cents) per kilogram in Jakarta and to Rp 665 in other provinces in Java to curb growing inflationary pressure.

Al Arqam to file suit against Malaysian govt

Al Arqam to file suit against Malaysian govt KUALA LUMPUR (Reuter): A Malaysian Islamic group said yesterday it was filing suit against the government over allegations it was training "suicide warriors" in Thailand. Al Arqam will file the suit against the Islamic Center, the Malaysian government's department for Islamic affairs, today, said Shaharuddin, a lawyer for the group.

Drought and media

Drought and media Information Minister Harmoko said that President Soeharto demanded that the media, particularly state-owned TVRI and private television stations, present balanced reports on the drought hit regions. It was said that this year's drought is no worse than last year. The president's comment is positive. Imbalanced reporting concerning the drought could have a psychological impact and trigger a rise in prices of food.

Rapid Asian growth leads to AIDS problems: Experts

Rapid Asian growth leads to AIDS problems: Experts MANILA (AFP): The rapid opening and growth of Asian economies has magnified the threat of AIDS in the world's most populous region, but the solution lies in a shift away from risky behavior not economic policies, experts gathered here said yesterday. They said the deadly disease was affecting mostly the poor, making them even poorer, and national policies, to be effective, should include poverty alleviation programs.

Youths urged to shun narcotics

Youths urged to shun narcotics BANDA ACEH, Aceh: Governor Syamsuddin Mahmud has asked youngsters to clean the province from drug abuse. "Narcotics are among the problems faced by today's people in addition to war, terrorism, hunger, poverty and backwardness," said the governor in his written speech on the launching of the anti-narcotics campaign read by deputy Zainuddin AG yesterday. Mahmud said the negative impact of the abuse of narcotics have troubled the world, according to Antara.

RI rowers fight tight budget

RI rowers fight tight budget JAKARTA (JP): The Indonesian Rowing and Canoeing Association (PODSI) expects to shine in the October Asian Games in Hiroshima despite the emergence of mystery rivals and a tight budget. "Our boys are in pretty good shape, I'm optimistic that we can better our performance in the next Asiad compared to the last one," PODSI chairman Basoeki said here yesterday. During the last Asian Games in Beijing four years ago, Indonesia took one silver and one bronze.

Zoology museum will observe anniversary

Zoology museum will observe anniversary BOGOR (JP): The Bogor Zoological Museum will hold a series of programs to mark its 100th anniversary, including the launch of a book on its history as well as holding panel discussions and a zoological exposition. The book will be launched on Aug. 22 at the peak of the celebrations that will also commemorate the anniversary of the organizing body of the zoo, the Indonesian Institute of Sciences (LIPI).

Hendro assures city's security under control

Hendro assures city's security under control JAKARTA (JP): Jakarta Military Commander Maj. Gen. A.M. Hendropriyono promises he will curtail the activities of debt collectors soon because they provokes concern among the public. "Debt collecting agencies will be completely banned and we ask people not to be afraid to report debt collectors to us," he said.

Easing up on expatriates

Easing up on expatriates President Soeharto's instruction to ease restrictions on the employment of expatriates addresses one of the major problems complained about by both domestic and foreign investors. The government has tried to expedite the licensing procedures for expatriates through a one-stop administration service at the Investment Coordinating Board (BKPM) in Jakarta and its provincial affiliates since the early 1980s.

Consumer group wants new poison noodle case probe

Consumer group wants new poison noodle case probe JAKARTA (JP): The Indonesian Consumers Foundation (YLKI) yesterday demanded that the government reopen the case of poisonous instant noodles, saying that the public is entitled to know the full account of the case.

National swimmers break four records in California

National swimmers break four records in California JAKARTA (JP): Indonesian swimmers currently training in America for October's Asian Games in Hiroshima shattered four more national records. The new records were established during the Junior Olympic Swimming championships in Clovis, California which started on Wednesday.

Painters seek council help over dismissal

Painters seek council help over dismissal JAKARTA (JP): Around 20 painters from an animation company lodged a protest at the City Council yesterday over the confiscation of their working facilities by the company's commissioner as an indication of dismissal by the owner.

Wise approach needed in handling bad debts

Wise approach needed in handling bad debts JAKARTA (JP): The government should take a wise approach in handling the mounting bad debts of private companies owing funds to state-owned banks, says a noted business analyst. Christianto Wibisono, the director of the Indonesian Business Data Center, said yesterday that debt scheduling might be a better solution for bad debts which have emerged due to marketing problems.

Fire raze Kuala Kapuas

Fire raze Kuala Kapuas PALANGKARAYA, Central Kalimantan: Hundreds of houses and shops were destroyed in a fire which razed the Kuala Kapuas city on Wednesday night. No injuries were reported in the disaster. It was the second major fire in the city in four days. Spokesman for the Kapuas regency Arbain Rachman, said the fire damaged a mosque, a cinema, and a hotel.

Building owners told to decorate

Building owners told to decorate The Jakarta chapter of the organizing committee for the commemoration of the 49th Indonesian Independence are urging government agencies and private companies to decorate their offices for the national holiday.

Funds for poverty alleviation cut and misused

Funds for poverty alleviation cut and misused JAKARTA (JP): Many local administration officials have misused and deducted the funds allocated for the alleviation of poverty in villages even though they have received supervision fees, an official of the National Development Planning Board (Bappenas) said.

ASEAN to restrict Al Arqam

ASEAN to restrict Al Arqam KUALA LUMPUR (AFP): Indonesia, Singapore and Brunei agreed yesterday at Malaysia's prodding to bar Ashaari Muhammad, leader of a Malaysian-based Islamic sect, from entering their shores but made no common stand to ban the group, officials said.

Pondok Gede terminal protested

Pondok Gede terminal protested BEKASI (JP): Drivers of small public transport vans in Bekasi, a suburb east of Jakarta, protested against the dangerous layout of the new Pondok Gede terminal. Hundreds of drivers expressed their discontent for the newly built entrance to the terminal which they claim is much too steep. The terminal is being built along with the renovation of the Pondok Gede market by PT Surya Bintang Mitra, a private developer.

TV today

TV today TVRI 2:30 p.m Cartoon: I'm Telling 3:05 Science Film: Langka dan Unik 3:30 TV Series: Wars in Peace 4:00 Students' Quiz 4:30 TV Series: Heart of Courage 5:00 Regional News 5:30 Harmony in Life: Women and the Law 6:05 Nusantara the Beloved Country: Jambi 6:15 Village Program 6:45 Sebaiknya Anda Tahu 7:00 Evening News 7:30 Dinamika 8:05 Music 9:00 World News 9:30 Talk Show: Berpacu Dalam Melodi 10:35 Late News 10:45 Film: The Tenth Man Program 2 4:30 p.m.

Govt rejects Tansil's offer to hand over his projects

Govt rejects Tansil's offer to hand over his projects JAKARTA (JP): State prosecutors firmly rejected yesterday Eddy Tansil's offer to turn over eight of his industrial ventures in settlement of the Rp 1.3 trillion ($620 million) in losses he caused to the state in his loan transactions with Bapindo, a government bank.

Malaysia nabs 10 in loan scandal

Malaysia nabs 10 in loan scandal KUALA LUMPUR (AFP): Ten senior executives of a troubled Malaysian merchant bank, Rakyat Merchant Bankers Bhd., have been arrested in connection with a 180-million ringgit (US$72 million) loan scandal, police officials said yesterday. Nine were arrested at their homes in an eight-hour operation Wednesday, while another surrendered to police, Malaysian commercial crime police said. "We have no comments.

No protection for Golkar cadres who break law: Harmoko

No protection for Golkar cadres who break law: Harmoko JAKARTA (JP): Chairman of Golkar Harmoko has said he will not protect any cadres or executives falling out of line, directing them instead to court for trial. Harmoko, who is also Minister of Information, said yesterday after installing ranking officials at his office that Golkar would not bail out its members involved in any form of crime, "be it a regular member, a party cadre or a high-ranking government official".

Frenchman buried with tribal rite

Frenchman buried with tribal rite KUALA LUMPUR (AFP): A 31-year-old Frenchman, Christophe Payonne, who died on Monday from malaria, was buried according to a tribal rite in the Kampung Gumum tribal village in the interiors of Malaysia's central Pahang state. It was Payonne's last wish that he be laid to rest according to the tradition of orang asli -- as Malaysian tribesmen are called -- said his Dutch friend Peter Arnold Vender Helm, who claimed Payonne's body on Wednesday.

Garuda service

Garuda service I am an Irish citizen who has spent the last month on holiday in this most fabulous country. I wish to bring to the attention of your readers an interesting episode which took place at the Soekarno-Hatta International Airport on Sunday, July 17, 1994.

Photo display on independence

Photo display on independence JAKARTA: Some 50 historical photographs featuring Australia's role in Indonesia's struggle for independence will be on display during the Festival Kraton to be held at Yogyakarta palace from Aug. 6 to 20. The exhibition entitled Australia and Indonesia's Independence Struggle was initiated by the Australia-Indonesia Institute.

Irregularities in Bidaracina land compensation questioned

Irregularities in Bidaracina land compensation questioned JAKARTA (JP): The City Council is questioning the East Jakarta mayoralty administration over the alleged irregularities in the payment of compensation to residents of Bidaracina whose land will be used to make way for development of low-cost apartment buildings. The council's Commission A on administrative affairs posed the question during a closed-door meeting with the mayoralty officials at the City Council building Wednesday.

Exhibitors hold expo

Exhibitors hold expo JAKARTA (JP): More than 50 convention and exhibition companies will take part in a four day exhibition, called Indoshop '94, at the Jakarta Fair grounds beginning on Nov. 4. The chairman of the exhibition's organizing committee, Robert Felix, told reporters yesterday that the participants will include convention organizers, suppliers of exhibition materials, stand contractors and freight forwarders.

Extortionists nabbed in West Jakarta

Extortionists nabbed in West Jakarta The West Jakarta military garrison arrested 11 juvenile extortionists on Wednesday involved in a mass brawl with high school students in front of the Sumber Waras hospital. The commander of the West Jakarta military garrison, Lt. Col. I.P. Sisworo, said that the extortionists posed as students on public buses. Those arrested were carrying sharp objects and 18 belts fixed with metal buckles which are potential weapons.

12 pickpockets nabbed on buses

12 pickpockets nabbed on buses JAKARTA (JP): Police announced yesterday that they captured 12 pickpockets operating aboard public buses during an anti- pickpocket operation conducted over the past several days. The operation code named Jabus, or crime aboard public buses, was launched by police last Thursday in response to the public's concern over pickpockets on public transit vehicles in the city, especially on wide-body and minibuses.

Sepinggan airport now ready for wide-bodied planes

Sepinggan airport now ready for wide-bodied planes BALIKPAPAN, East Kalimantan (JP): The newly expanded Sepinggan airport in Balikpapan, East Kalimantan, is now ready to accommodate wide-bodied aircraft for international flights, Governor S.M. Ardans announced yesterday.

Newmont to start its gold mine construction

Newmont to start its gold mine construction JAKARTA (JP): PT Newmont Minahasa Raya, a subsidiary of Newmont Gold Co. of the United States, has received approval from its partners and local administration to begin construction of a large gold mine in North Sulawesi.

Jakartan won W Cup draw

Jakartan won W Cup draw JAKARTA (JP): Out of 2.7 million entries in the Coca-Cola and RCTI's sponsored World Cup draw, Kikik Sumita, a Jakarta resident, won the first prize of a Rp 100 million (US$47,000) house in Lippo City, West Java here yesterday. The final drawing, conducted in a ballroom at the Shangri-La Hotel, was carried out by representatives of the sponsors who randomly picked the lucky winners with their eyes covered.

Press protesters vent anger at their association

Press protesters vent anger at their association JAKARTA (JP): Around 100 protesting journalists and activists yesterday vented their anger at the Association of Indonesian Journalists (PWI) for its failure to represent the displaced reporters and employees of Tempo, DeTIK and Editor news magazines.

Lectures on Pancasila

Lectures on Pancasila MANADO, North Sulawesi: A total of 7,488 high school students on the Sangihe Talaud Island, near the border of the Philippines are being given lectures on the Pancasila state ideology. The local information office said participants included 4,840 junior high school students and 2,648 senior high school students. Subjects of the lecture include the State Constitution and ethics, Antara reported. (par)

Four luxury houses to be demolished

Four luxury houses to be demolished Four luxury houses in Lebak Bulus, South Jakarta, owned by businessman R.J. Kaptin Adisumarta will be demolished because the owner has built them without permits. The houses, built on 9,000 square meters of land alongside the Pesanggrahan river, do not have the required building permits from the local authority, Ramal P, chief of the Municipal Public Order Office, said yesterday.

Garuda responds

Garuda responds In response to Mr. Kelly's complaint in his letter to The Jakarta Post, we would like to outline the following facts: * On July 17, 1994 Mr. Kelly checked in at the Garuda counter at terminal E. The check-in staff processed his flight documents to Amsterdam and gave him his boarding pass and baggage labels at 21.40. * After completing the check-in procedure, Mr.

Stop harassing workers: Soeharto

Stop harassing workers: Soeharto JAKARTA (JP): President Soeharto yesterday warned officials against harassing Indonesian workers upon their return from overseas, following reports that many of them were subjected to extortion on their arrival at the airport. "Don't make things difficult for them, either when they leave or return," Minister of Manpower Abdul Latief quoted Soeharto as saying yesterday.