Indonesian Political, Business & Finance News

Archive: 30 September 1994

53 articles found

Multi-financing venture starts operating

Multi-financing venture starts operating JAKARTA (JP): Minister of Finance Mar'ie Muhammad inaugurated a new joint multi-financing venture, PT KDLC Bancbali Finance (KBF), last night. The joint venture was set up by Indonesian and South Korean firms with paid-up capital of Rp 15 billion (US$6.86 million).

Aspac labors to beat Glory in Kobatama

Aspac labors to beat Glory in Kobatama JAKARTA (JP): Defending champion Aspac of Jakarta was forced by little-known Glory to go to the limit before nipping the Semarang club 67-64 in a hard-fought battle on the second day of the National Semi-Professional Basketball League (Kobatama) yesterday. The match was nip and tuck from the onset, with the lead changing hands dramatically.

Giant tumor removed

Giant tumor removed PROBOLINGGO, East Java: Doctors at the Waluyo General Hospital removed a 35 kilogram tumor from the womb of a woman during a two hour operation on Wednesday. The woman was reported to be in fine condition following the operation, the Antara news agency reported. This is the biggest tumor the hospital has ever removed from a patient. The previous record was 10 kg. Doctors said that the woman had delayed going to see a doctor because she was trying to avoid surgery. (emb)

Govt begins housing teachers to help improve dedication

Govt begins housing teachers to help improve dedication By Prapti Widinugraheni MERAUKE, Irian Jaya (JP): The government has launched a new housing program for its teachers in the hope of making them more dedicated in their work. The first housing program for teachers, one of the country's lowest paid professions, is now being constructed in Merauke and is intended chiefly for teachers who are assigned to remote areas.

Municipality not to revoke PT CSU permit

Municipality not to revoke PT CSU permit JAKARTA (JP): Governor Surjadi Soedirdja said that the city administration will not revoke the land use permit of the company developing the Taman Rasuna apartments. The developers have violated certain regulations by illegally demolishing state-owned property. "Revoking the permit will only cause more trouble, but we must still penalize them for having violated the regulation," Surjadi told reporters at the City hall yesterday.

Islamic revival no threat to the West, scholars say

Islamic revival no threat to the West, scholars say JAKARTA (JP): Scholars strove yesterday to correct the growing view that the Islamic resurgence worldwide is a threat to the Western world, saying that the phenomenon of revival is actually affecting all religions. The scholars further asserted that many Islamic countries are still embroiled in their own problems, so it would be difficult for them to engage in the so-called "clash of civilization" with the West.

Kadin and Golkar to form guarantee fund next year

Kadin and Golkar to form guarantee fund next year JAKARTA (JP): After a long debate, the Indonesian Chamber of Commerce and Industry (Kadin) together with the ruling Golkar party eventually decided to establish a guarantee fund early next year to spur the growth of small businesses, an executive says. Kadin Chairman Aburizal Bakrie told newsmen yesterday that the establishment of the guarantee fund, a kind of credit insurance firm, has endorsement from President Soeharto.

PT Telkom awards $200m telecommunications deals

PT Telkom awards $200m telecommunications deals JAKARTA (JP): PT Telkom yesterday awarded contracts worth US$200 million to Siemens AG of Germany for the supply, installation and commissioning of telecommunication equipment in collaboration with two other state-owned companies. Setyanto P.

Sense and nonsense of the communist threat

Sense and nonsense of the communist threat By J. Soedjati Djiwandono JAKARTA (JP): For the past 29 years, since the tragedy of the abortive communist coup attempt on Sept. 30, 1965, Indonesians have constantly been warned against the latent communist danger. We have always been reminded to be vigilant. This essay is not intended to commemorate that tragic event which is known locally by its popular Gestapu acronym. But it is, indeed, to remember that day.

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.

No hurry on formal APEC: Expert

No hurry on formal APEC: Expert JAKARTA (JP): A foremost American political economist yesterday called on members of the Asia Pacific Economic Cooperation (APEC) to refrain from a hasty formalization of the forum. Lawrence B. Krause, professor at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego, said here yesterday that the forum should continue utilizing the current structure of APEC as an informal forum.

700 motorists ticketed per day in `Zebra' drive

700 motorists ticketed per day in `Zebra' drive JAKARTA (JP): Police said that around 700 motorists were ticketed every day in and around the city during their ongoing one month traffic operation code-named Operasi Zebra 1994 which began on Monday. "During the first three days of the operation, a total of 2,085 traffic violators were ticketed. More than half were fined for disobeying traffic signs," said Col. Soeroso, the head of the Traffic Directorate of the City Police Headquarters.

`Simponi' will be playing a different tune next Monday

`Simponi' will be playing a different tune next Monday JAKARTA (JP): Simponi, a weekly magazine with a wide readership in eastern Java but almost none in Jakarta, will be playing a different tune in its next edition set to hit the streets this Monday. If the weekly broadsheet bears a close resemblance to the old DeTIK tabloid, this is because many reporters and employees from the banned magazine have "joined" Simponi, if not virtually taken over its management.

Schwarzenegger's `True Lies' finally banned

Schwarzenegger's `True Lies' finally banned JAKARTA (JP): True Lies, the comedy-action film starring Arnold Schwarzenegger, which has been playing to full houses for the past two weeks, will be removed from movie theaters tomorrow at the behest of the Film Censorship Board (BSF). The Director General of Radio and Television of the Ministry of Information, Alex Leo Zulkarnain, announced the ban at his office yesterday, saying the decision was made after taking "people's aspirations" into account.

A guard sentenced 20 months for murder

A guard sentenced 20 months for murder The East Jakarta District Court has sentenced Kasmari, 40, a security guard of PT Surya Agung Makmur Lestari, to 20 months imprisonment for killing an employee of the company and injuring several others. Presiding Judge Thomas Sumardi said on Wednesday that the court found Kasmari guilty beyond any reasonable doubt of killing Husein, a driver of the chemical company, and seriously injuring the others.

Out of water, now out of food

Out of water, now out of food CIAMIS, West Java: The extremely severe dry spell has not only caused water shortages in the area, but now it is threatening the food supply in Cigugur district. Some 1,740 out of the 2,875 inhabitants in Pagerbumi village have been treated for food-deficiency related diseases, district chief M. Setiawan reported. The 150 hectare of rice fields in the village, which are the main source of food for the inhabitants, have dried up due to the prolonged lack of rain.

Sing along with the poor

Sing along with the poor JAKARTA (JP): The government has decided to put karaoke, often associated with sleazy bars and other night-life entertainment places, to good use: to motivate poor people. Voluntary workers recruited to supervise the use of a special government fund for needy people are now equipped with a portable karaoke set, the Antara news agency reported.

Suparma expects to raise Rp 90b from public offering

Suparma expects to raise Rp 90b from public offering JAKARTA (JP): PT Suparma, a paper manufacturer based in Surabaya, East Java, expects to receive around Rp 90 billion (US$42.8 million) from its initial public offering next month.

Manai proud of his controversial book on Sukarno

Manai proud of his controversial book on Sukarno JAKARTA (JP): Manai Sophiaan is undeterred by the storms of controversy over his newly published book which tries to prove that the late president Sukarno was not involved in the 1965 communist coup. Manai, still looking vital despite his 80 years, insisted yesterday that the Kehormatan Bagi yang Berhak (Honor for the One Who Deserves It) was well researched.

Adrianus retains OPBF title by knocking out RP's Ernie

Adrianus retains OPBF title by knocking out RP's Ernie JAKARTA (JP): Adrianus Taroreh kept his pre-match promise by knocking out Ernie Elesna of the Philippines in defense of his Orient Pacific and Oriental (OPBF) lightweight championship belt here yesterday. Adrianus, making his second title defense at smoky Senayan indoor stadium, connected with a lightning-fast left uppercut the second minute of the fifth round, sending the Filipino challenger sprawling to the floor.

Imported cement expected to heal acute shortage

Imported cement expected to heal acute shortage JAKARTA (JP): The government decided yesterday to open the gates to imported cement to overcome an acute shortage that is already hampering its development programs. Coordinating Minister for Political Affairs and Security Soesilo Soedarman, making the announcement at his office yesterday, also promised to punish the speculators hoarding cement in order to profit from the shortages.

Arqam man assails KL's detentions

Arqam man assails KL's detentions BANGKOK (AFP): A senior Al Arqam official based in Thailand has assailed Malaysia's detention without trial of sect members and disputed the purported confession of sect leader Ashaari Muhamad.

Baby sale syndicate busted

Baby sale syndicate busted JAKARTA (JP): Police have uncovered a syndicate dealing with the sale of babies and have nabbed a suspect strongly believed to have been involved in the business. The syndicate was exposed after police received information from neighbors of the suspect, identified only as Djo, 34, who said they had often seen many babies in his house on Jl. Kebon Jahe, West Jakarta.

Missing Ugandan back to school

Missing Ugandan back to school YOGYAKARTA: A Ugandan student who went missing for over a month from Gadjah Mada University is now back at the campus to resume his studies. Kasozi Ismael Lubega, a postgraduate student on a scholarship under the South-South cooperation program, had been absent since Aug. 6, the Antara news agency reported. Lubega was spotted by a staff member of the Ministry of Education and Culture in Jakarta early this week.

Greek shipping tycoon sues local businessman for fraud

Greek shipping tycoon sues local businessman for fraud JAKARTA (JP): A local businessman was arraigned at the South Jakarta District Court on Wednesday on charges of defrauding his Greek shipping tycoon partner of US$1 million by giving false information. Prosecutor Uri Hasan Basri said that defendant R.

Hsu to appear in Hiroshima as CTOC guest

Hsu to appear in Hiroshima as CTOC guest HIROSHIMA, Japan (Agencies): Organizers of the Hiroshima Asian Games said yesterday that Taiwanese Vice Premier Hsu Li-teh has been granted an ID card as a guest of the Chinese Taipei Olympic Committee (CTOC).

The security-welfare link

The security-welfare link Sound and dynamic stability in this country is achieved not just by following the security approach, but also by welfare- oriented means. This statement was made by the Head of Social and Political Affairs of the Armed Forces (Kasospol ABRI), Lt. Gen. R. Hartono, in written remarks read by the Brawijaya Military Commander, Maj. Gen. Haris Sudarno at a national public relations convention in Surabaya on Sunday.

TV today

TV today TVRI 2:30 p.m Film Series: I'm Telling 3:05 Langka dan Unik 3:30 Science Program 4:00 School Quiz: Cerdas Cermat 4:30 Film: Flora & Fauna 5:00 Regional News 5:30 Kiat Manajemen 6:05 Karya & Upaya 6:15 Village Program 6:45 Sebaiknya Anda Tahu 7:00 Evening News 7:30 Film: G 30 S PKI 11:45 World News 12:10 a.m. Comedy: "Talk Show" 01:15 Late News Program 2 4:30 p.m.

Panji Sepuh exposes Australians to a new experience

Panji Sepuh exposes Australians to a new experience By Dewi Anggraeni MELBOURNE (JP): Australian art and dance lovers have seen traditional dances from Indonesia. Balinese and Javanese dancers perform at heartening regularity in Australian cities, and occasionally there are also visits by cultural groups from other areas in Indonesia. Australia therefore, while still regarding Indonesian dances as somewhat exotic, have particular expectations when they come to an Indonesian dance performance.

Best decorated hotels, buildings named

Best decorated hotels, buildings named An award committee has named the buildings and sites in Jakarta that were best decorated on Indonesia's 49th Independence Day. The committee for the competition of best decorated buildings and tourist sites on Wednesday announced Sahid Jaya hotel as the first place winner for the five-star hotel category. The Borobudur Inter-Continental and Hotel Indonesia were named second and third place winners for that category.

BRI bank

BRI bank Although everyone knows that banks are profit oriented, there are limits of decency that have to be observed. A true story about the BRI Bank in the small town of Kudus shows that the bank staff can go too far. The parents of a good friend of mine contacted the BRI to borrow a certain amount of money. They needed this to help their daughter in Jakarta. Bank staff visited their modest home and agreed to the loan.

Lippo Group agrees to sell HK subsidiary for $109m

Lippo Group agrees to sell HK subsidiary for $109m JAKARTA (JP): The Lippo Group, a Jakarta-based diversified financial and property conglomerate, has agreed to sell 50.1 percent of its Hong Kong-based subsidiary Asia Securities International Ltd. to Dan Form International Ltd. of Hong Kong through a US$109.08 million (HK$843.2 million) transaction.

Urban planning often overtaken by car

Urban planning often overtaken by car By Vincent Lingga William Yiu, an American urban planner educated at Cambridge University, shares his thoughts about the ways Jakarta and its surrounding suburbs could be developed into a totally better living environment in a recent interview with The Jakarta Post.

RI-S'pore sign deal on air, tourism

RI-S'pore sign deal on air, tourism JAKARTA (JP): Indonesia and Singapore yesterday agreed to improve cooperation in air transportation, the tourist industry, the combating of forest fires and international fora.

No certified helipads on 400 high-rises: Expert

No certified helipads on 400 high-rises: Expert JAKARTA (JP): An aviation experts said that none of the around 400 high-rise buildings built in Jakarta have rooftop helipads with technical specifications approved by the authorities. "Indeed we don't expect a fire to happen, but if one does it is faster to evacuate occupants by helicopter," said Andreas Prayogo, an executive of PT Gatari Air Service, in a seminar yesterday. A now defunct Jakarta Ordinance No.

Telecommunications development plan

Telecommunications development plan By Furqon I. Hanief JAKARTA (JP): The world has been retaining its fever since Al Gore, vice-president of the United States, declared the idea of the Global Information Infrastructure (GII). The business society and government officials were stunned to learn of the vigorous possibilities of the coming era. With the advent of GII it means that there will be a huge hardware system which can deliver information to anywhere in the world, regardless of borders.

Stock Exchange

Stock Exchange JAKARTA (JP): Trading on the Jakarta Stock Exchange (JSX) continued losing ground amid heavy selling pressure on both industrial and financial issues. The price drop pushed the Composite Index down to close at 497.23, the lowest since it broke the 500-level late August. The index was recorded at 502.12 on Wednesday. The narrower-based GTDBS-50 Index also continued declining to close at 120.75 yesterday against 122.38 on Wednesday.

Top four world pairs secure ATP finals

Top four world pairs secure ATP finals JAKARTA (JP): With only four key tournaments remaining, the top four world pairs have secured their part in the Association of Tennis Professional (ATP) doubles championship final here in November.

Gas station

Gas station From Kompas About two weeks ago I went to the gas station at Jl. Raya Maruya Ilir, West Jakarta at about 8.00 p.m. for gas. Before filling my tank, the gas attendant had filled a motorcycle's tank with two liters. Then he directly filled my car tank without first turning the pump's figures to zero. Luckily I noticed it and promptly pointed out the bad practice. But the attendant insisted he did turn the figures to zero, to which I strongly objected.

Tax and pensioner

Tax and pensioner From Kompas In 1972 I bought a house on a 300 square meter plot in Condet, Kramatjati, East Jakarta, for Rp 1,500,000. I made the necessary repairs in stages and it took 20 years for me to make it into a really decent house, although it is still far from luxurious. However, the land and property tax increases every year, which is very burdensome for a pensioner.

Paper of choice

Paper of choice I have not had such a light-hearted day in months. Mr. Werner Wasmuth's letter printed on Sept. 29, 1994 reminded me of what an active reader response column can do for a paper. I do hope that the readers maintain their participation and encourage the development of The Jakarta Post. I also want to congratulate the paper for the good job they are doing.

Perumka need more electric cars

Perumka need more electric cars An executive of the state-owned railway company, Perumka, has said that the company lacks the number of electric cars to best serve commuters in the greater Jakarta area. Ismani, head of Perumka in Greater Jakarta, said Wednesday that the company currently operates 36 electric cars a day, far below their ideal number. "We hope to one day operate 60 cars a day, serving 180,000 commuters," said Ismani.

Cannot pay my telephone bills

Cannot pay my telephone bills From Surabaya Post It is public knowledge that paying telephone bills is a duty. I always have a bad feeling when I haven't paid my bill and have to postpone the payment for fear of the amounts I will have to pay. My phone, 8282-566, was installed in July and I was grateful to the Telkom telephone company for this. But when we wanted to pay the bill, the Telkom office in Gayungan said that it was still being processed. And this has happened twice.

Hoteliers pledge to improve service

Hoteliers pledge to improve service JAKARTA (JP): The Indonesian Hotel and Restaurant Association (IHRA) will consolidate its members in cooperation with local administrations to improve services to tourists. The association's chairman, Ponco Sutowo, told reporters after the closing of its two-day annual conference here yesterday that both hoteliers and restaurant owners should cooperate in creating better services in hospitality arrangements.

Share prices mixed on Asian, European markets

Share prices mixed on Asian, European markets HONG KONG (Reuter): Asian stock markets closed mixed yesterday, with the Taipei bourse surging to a four-year high and share prices in Bombay hit hard by concerns over the spread of pneumonic plague in India. The Tokyo market firmed, though closing off the day's highs, as pension and insurance funds and investment trusts continued to buy. The 225-share Nikkei average ended 107.52 points, or 0.55 percent, higher at 19,615.12.

Asiad dispute over Taiwan intensifies

Asiad dispute over Taiwan intensifies HIROSHIMA, Japan (Reuter): Top Chinese and Japanese sports officials struggled yesterday to avert a political showdown over Taiwan as athletes from 42 countries poured into Hiroshima for the Asian Games.

RI wins another diplomatic battle over East Timor

RI wins another diplomatic battle over East Timor JAKARTA (JP): The ongoing United Nations General Assembly has decided once again to defer a debate on East Timor to give a chance to Secretary General Boutros Boutros-Ghali to find a solution to the conflict between Indonesia and Portugal. This is the 12th consecutive year that the debate on East Timor has been deferred, marking a diplomatic victory for Indonesia, which has been lobbying to strike the issue out of the UN agenda.

Border ... what border?

Border ... what border? JAYAPURA, Irian Jaya: The frequent traded accusations of border intrusions between Indonesia and Papua New Guinea are caused largely because the people who live along the border simply do now know where the borderline is, a provincial official says. The chief of the local Transportation Office Martono said these border intrusions were largely unintended. The people are simple not aware of the existence of the border.

Where to go in Bali:

Where to go in Bali: Music and entertainment * Nusa Dua Beach Hotel: Budaya Stage - Legong Buffet Dinner, Friday; Ramayana Buffet Dinner, Monday. Coffee Shop - Indonesian Night with Joged Dance, Saturday. Village Night with Frog Dance, Tuesday. Notte Italiana with Capo Dastro Quartet, Thursday. Poolside - BBQ Night with Hawaiian Band, Wednesday. * Sheraton Lagoon Nusa Dua Beach: Poolside Terrace - Janger Cultural Performance, Friday. Pasar Ikan Seafood Market, Saturday.

BPK is formulating new audit patterns for state institutions

BPK is formulating new audit patterns for state institutions JAKARTA (JP): The Supreme Audit Agency (BPK) is formulating a new auditing system to standardize budgetary reports of government institutions and state firms, the agency's chairman J.B. Sumarlin says.

Intense quake in Java Sea

Intense quake in Java Sea JAKARTA: An earthquake measuring 6.5 on the Richter Scale in the Java Sea was recorded on Wednesday night by the Meteorology and Geophysics Agency in Jakarta. The quake's epicenter was located about 90 kilometers northwest of Semarang, the capital of Central Java, at a depth of about 745 kilometers, the Antara news agency reported. There were no reports of casualties or damage from Semarang by yesterday afternoon. (emb)

143 netted in IDs operation

143 netted in IDs operation At least 143 persons who were traveling without carrying identification cards, including six foreigners, were netted in the citizenship operation in North Jakarta. H.M. Napis, a spokesman for the mayoralty administration, said that most of those netted on Wednesday's operation could not produce their identification cards when asked by the officials. "Some of them carry only photocopies of their IDs," Napis said.

Anti-insider trading planned

Anti-insider trading planned MANILA (Reuter): Southeast Asian stock exchanges are finalizing plans to exchange information as part of their battle to stamp out insider trading, Philippine Stock Exchange president Eduardo delos Angeles said yesterday. "The working arrangement is important especially when we were talking about insider trading where some of the parties may be foreigners," he said at a breakfast forum in Manila.