Indonesian Political, Business & Finance News

Archive: 18 January 1995

51 articles found

RI's golfers to junior Aspac meet

RI's golfers to junior Aspac meet JAKARTA (JP): Indonesia is among 16 countries invited to the inaugural Asia Pacific junior golf championship in Kuala Lumpur next July. Ho Koh Chye of Sportexcel, the organizer of the junior meet, said yesterday that the men's under-20 tournament would pit Asia's best golfers, reported Bernama news agency. Host Malaysia will field eight players.

Philippine budget surplus

Philippine budget surplus MANILA (Reuter): The Philippine government posted a 12 billion peso (US$496 million) budget surplus for 1994, its first surplus for 20 years, Finance Secretary Roberto de Ocampo said yesterday. The surplus compares with an anticipated 1994 deficit of 4.7 billion pesos ($194 million) and an actual 1993 deficit of 20.6 billion pesos ($850 million).

Yogya restricts plane traffic

Yogya restricts plane traffic JAKARTA (JP): Minister of Transportation Haryanto Dhanutirto has temporarily barred all Boeing 737 and DC-9 planes from using the Adisucipto airport in Yogyakarta after another plane, the third in three weeks, slid off the runway Monday night. As of yesterday, planes from each class of aircraft have been diverted from Yogyakarta to the Adisumarmo airport in Surakarta (Solo), about 60 kilometers to the east.

Malaysian national sentenced to death for drug trafficking

Malaysian national sentenced to death for drug trafficking JAKARTA (JP): Judge Leo Hutagalung of the Central Jakarta District Court yesterday sentenced Malaysian Tham Tuck Yin, alias A Tjai, to death for drug trafficking. "The court has found defendant A Tjai guilty of illegally importing 29 kilograms of heroin from Thailand to Indonesia and for trying to sell it in Jakarta," the judge said. "Therefore the board of judges has agreed to punish him with the death sentence.

Australia okays rifle sale to RI

Australia okays rifle sale to RI CANBERRA (Reuter): Australia's government has approved in principle a bid by an arms manufacturer to sell rifles to the Indonesian military, officials said yesterday. The Australian newspaper said approval was granted despite advice from within the Department of Foreign Affairs and Trade that the guns could be used in human rights violations.

Johnie Walker Classic to start

Johnie Walker Classic to start MANILA (Agencies): Many of the world's top golfers, including defending champion Greg Norman of Australia and world number one Nick Price of Zimbabwe, will take part in the annual Johnnie Walker Classic in the Philippines from Jan. 26 to 29, organizers said yesterday. The event, at the Orchard Golf and Country Club in Cavite province just south of Manila, will be the first qualifying event for the 1995 World Championship held in Jamaica.

Kim to be charged with falsifying export documents

Kim to be charged with falsifying export documents JAKARTA (JP): Government prosecutors have come a step closer to unraveling the bogus exports scandal involving textile tycoon Kim Johannes Mulia, government officials and bankers. Deputy Attorney General for Special Crimes A. Soetomo said yesterday that Kim, owner of PT Detta Marina garment exporting company, would be charged next month with masterminding the falsification of export documents.

Manila to free 17 Vietnamese

Manila to free 17 Vietnamese MANILA (AFP): Manila has agreed to release 17 Vietnamese fishermen arrested last October for allegedly poaching in Philippine waters, but will hold their boats, the Foreign Department said yesterday.

Singapore spot oil product prices up on Japan quake

Singapore spot oil product prices up on Japan quake SINGAPORE (Reuter): Spot prices for refined oil products in Singapore were mostly firmer yesterday after the powerful earthquake which hit central Japan shut at least two oil refineries and reduced operations at two others. Traders were wary of supply disruptions but were also hesitant about raising prices as no refinery is known to be damaged.

Theft rife in Bali temples

Theft rife in Bali temples DENPASAR, Bali: Theft of sacred temple items is rife on this predominantly Hindu island, prompting a respected academic to propose that places of worships be provided with alarm systems. Made Tatib of the Academy of Hindu Theology said that residents should provide their pura (minor temples) with alarm systems and also put sacred items for rituals into a safe box kept within the place of worship.

Legal expert says Oki should be tried in LA

Legal expert says Oki should be tried in LA SEMARANG (JP): Noted legal expert Muladi says that, for practical reasons, Indonesia should send Harnoko Dewanto, alias Oki, back to Los Angeles to face the murder charges there. The law professor and rector of the state-run Diponegoro University said yesterday that, by insisting that Oki be tried in Jakarta, Indonesia is putting the reputation of its legal system on the line.

Rupiah depreciation limited to 4%

Rupiah depreciation limited to 4% JAKARTA (JP): Minister of Finance Mar'ie Muhammad announced yesterday that the depreciation of the rupiah against the U.S. dollar will be limited to between three percent and four percent in the 1995-1996 fiscal year. "As in the past, in 1995-1996 the rupiah is projected to depreciate by around three percent or four percent," he told reporters after attending the plenary session of the House of Representatives (DPR) on the 1995-1996 draft state budget.

ABRI members told not to break law

ABRI members told not to break law JAKARTA (JP): Indonesian Armed Forces (ABRI) Commander Gen. Feisal Tanjung has ordered all ABRI personnel to refrain from any type of lawbreaking, such as violations, collusion and fighting among themselves or with civilians. Such acts "can directly or indirectly damage and influence ABRI's prestige in the eyes of the public," Feisal stated in his written speech, which was read by City Police Chief Maj. Gen.

Soap operas

Soap operas From Bisnis Indonesia Indonesian private television stations are now airing many soap operas, popularly known as telenovela, mostly imported from Brazil. These serials, even though most of them contain intrigues, are loved by people, particularly housewives. Like it or not the life-styles reflected in the serials will influence the behavior of the viewers, sooner or later. A change of behavior might take place on the part of housewives. They could become sensitive and love intrigues.

Earthquake leads to chaotic business

Earthquake leads to chaotic business TOKYO (AFP): Japanese manufacturers halted factory operations in western Japan yesterday while the Osaka Securities Exchange suspended share trading after a massive earthquake devastated the area. Among the companies affected were Kobe Steel Ltd., one of Japan's top steelmakers, and electronics manufacturers Matsushita Electric Industrial Co. Ltd. and Sanyo Electric Co. Ltd., both based in Osaka.

Boy Aruan set to keep OPBF title

Boy Aruan set to keep OPBF title JAKARTA (JP): South Korean old war horse Chang Kyun-oh may just need three rounds to take the Orient and Pacific Boxing Federation (OPBF) junior bantamweight championship belt, but Indonesia's Boy Aruan insists on keeping the crown at home. Both pugilists are fighting for the title left vacant by Indonesian Lamhot Simamora in a bout scheduled for 12 rounds at the Senayan basketball court tomorrow.

Bugis man gets 11 years for E. Timorese murder

Bugis man gets 11 years for E. Timorese murder DILI, East Timor (JP): The district court sentenced a South Sulawesi man to 11 years in prison yesterday for murdering a fellow East Timorese trader late last year. The council of judges found Muhamad Sakir, 21, guilty of killing Mario Vicente, 20, at the Bekora market here on Nov. 12, 1994, after a minor feud.

Stock Exchange

Stock Exchange JAKARTA (JP): Share prices continued rallying on the Jakarta Stock Exchange (JSX) yesterday with most issues gaining ground in moderate trading. The broad-based Composite Index closed 1.5 points higher at 449.1 yesterday from 447.29 on Monday. The narrower-based GTDBS-50 Index also increased to close at 107.15, as compared to 106.21 on Monday.

3,000 Arabs take Israeli citizenship

3,000 Arabs take Israeli citizenship JERUSALEM (AFP): About 3,000 Palestinians living in East Jerusalem applied for and were granted Israeli citizenship in 1994, an Interior Ministry spokesman said yesterday. The ministry accepted 1,075 requests last year compared with 612 in 1993 and 293 in 1990. One request can cover several members of the same family.

Malaysian Indians celebrate Thaipusam

Malaysian Indians celebrate Thaipusam By Barani Krishnaan KUALA LUMPUR (AFP): Every year Nagappa Sundar orders hundreds of flesh-piercing hooks to be sharpened and then pokes them into at least a dozen men. Sometimes, he drives skewers up to a foot long (30 centimeters) through their tongue and cheeks. Nagappa is no sadist although he delights in what he does. The priest's targets also submit to him willingly and with joy.

Hotel Prapatan will run new hotel in Riau

Hotel Prapatan will run new hotel in Riau JAKARTA (JP): PT Hotel Prapatan, a public company which owns the five-star Hotel Aryaduta Jakarta, will construct a hotel in Pekanbaru, Riau, with an investment of US$16.63 million. The company's president, Nurman Diah, told reporters after its extra-ordinary shareholder meeting here yesterday that the ground breaking of the new hotel will be held next month, while its soft opening is scheduled for May 1996.

Finland's president to visit RI

Finland's president to visit RI JAKARTA (JP): Finland's President Martti Ahtisaari is scheduled to arrive in Jakarta tonight to begin a four-day state visit, it was officially announced yesterday. Minister/State Secretary Moerdiono told reporters that Ahtisaari's visit is expected to focus on enhancing economic cooperation between the two countries. The entourage includes a number of cabinet officials and 20 Finnish entrepreneurs, Moerdiono added.

2,000 fake land certificates

2,000 fake land certificates JAKARTA (JP): The Jakarta office of the National Land Agency (BPN) has found about 2,000 fake land certificates since 1970, said Sunar, the head of the office, to Antara. The fake certificates were uncovered when land buyers were trying to confirm the legality of a land certificate for a plot they wanted to buy through his office.

Lift at Bank Bali Tower

Lift at Bank Bali Tower I am an employee of a company which rents a space in the Bank Bali Tower, Jl. Jend. Sudirman, South Jakarta. Since our office occupies the 15th floor of the building, like other employees working above the ground floor, I have to use the lift everyday. Recently, PT Yacolt Graha, the company that manages Bank Bali Tower, issued a regulation which, in my opinion, is rather inhumane in nature.

Massive quake affects Japanese share prices

Massive quake affects Japanese share prices TOKYO (Agencies): Japanese share prices fell 0.5 percent yesterday after a massive earthquake devastated the western industrial cities of Osaka and Kobe. The Nikkei Stock Average of 225 selected issues lost 89.85 points to end at 19,241.32, while the broader Topix index of all shares listed on the first section of the Tokyo Stock Exchange finished 8.59 points lower at 1,503.20.

Whither our foreign debt?

Whither our foreign debt? The one issue which is often mentioned in relation to foreign debt is our inability to absorb the funds optimally. This is caused by a discrepancy between planning and execution. And for this the government has to pay a US$200-million commitment fee a year. In the case of the foreign debt of the private sector, however, the condition is quite different. In this case, the maturity date is shorter and the interest rate is higher.

Oki's father names lawyers for his son

Oki's father names lawyers for his son JAKARTA (JP): Lawyers from Ruhut Sitompul, Tommy Sihotang & Associates will defend Harnoko Dewanto, alias Oki, who is alleged to have committed a triple murder in Los Angeles and falsified passports. "We just reached the final agreement with Oki's father this afternoon," Tommy told The Jakarta Post here yesterday.

Government asked to monitor current account deficit

Government asked to monitor current account deficit JAKARTA (JP): Members of the House of Representatives urged the government yesterday to closely monitor the country's widening current account deficit and mounting foreign debt. The request, made in the wake of last week's run on the rupiah, was made during the first round of the deliberation of the 1995-96 draft budget.

New prosecutor for C. Jakarta

New prosecutor for C. Jakarta JAKARTA (JP): The head of the Provincial Prosecutor's office in Jakarta, Suyoto, has installed B. Fachri Nasution as the new chief of the Central Jakarta prosecutor's office, replacing Soerjanto. The installation of the new official was held on Monday. Nasution was a former control assistant at the Jakarta Provincial Prosecutor's Office, the Antara news agency reported yesterday..

Traffic nuisance

Traffic nuisance From Media Indonesia Since the flyover in the Senen intersection began functioning the traffic on Jl. Abdul Rahman Saleh, Central Jakarta, is increasingly congested and traffic jams have become the order of the day. As a result of the closure of the road at the Senen intersection which connects the traffic from Cempaka Putih to the road leading to Patung Tani through Jl. Kwitang Raya, all vehicles turn to Jl. Abdul Rahman Saleh.

Resources vulnerable in rush to new frontiers

Resources vulnerable in rush to new frontiers JAKARTA (JP): The rapid growth of "biodiversity prospecting" in the search for new medicines and better agricultural crops must be balanced by a sound law which guarantees the conservation of natural resources, an expert says.

Free trade set amid protection talk

Free trade set amid protection talk JAKARTA (JP): The government continues to brush aside debate over the proposed tariff protection for a US$1.7 billion olefin plant, but has reaffirmed its determination to implement a free trade system.

U.S.-RI businessmen meet to step up dialogs

U.S.-RI businessmen meet to step up dialogs JAKARTA (JP): American and Indonesian businessmen have started what they hope will escalate into a more vigorous process of meaningful dialogs about the directions of their future ties.

Governor warns civil servants

Governor warns civil servants DILI, East Timor: Governor Abilio Jose Osorio Soares urged all employees of the provincial government to maintain their loyalty to the Unitary State of the Republic of Indonesia. Those who could not be loyal had better step aside, Abilio said, while opening a meeting of the local branch of the Civil Service Corps on Monday.

Power rivalry is Asia's evil

Power rivalry is Asia's evil By Onghokham JAKARTA (JP): We are now watching leadership rivalry befalling two organizations. Within both the Nahdlatul Ulama (NU) and the Indonesian Democratic Party (PDI) the legitimately elected leadership is being challenged by claims of contending leaders.

Jakarta lacks tennis lovers

Jakarta lacks tennis lovers By Arif Suryobuwono JAKARTA (JP): This year's Indonesia Open Tennis Championships is indeed open -- to question. From the women's event which started the tournament on Jan. 2 to its men's event finals on Jan. 15, the 3,000-seat Senayan Indoor Tennis Stadium was never filled to capacity. The Indonesian Tennis Association (Pelti) organized the two- week tennis extravaganza to celebrate the country's 50th anniversary.

Cut overseas travel

Cut overseas travel From Media Indonesia In line with efforts to practice economy in using state funds, as suggested by President Soeharto, I see a sector in the budget that can be more efficiently used, i.e. funds allotted for overseas journeys usually made by high ranking officials. Everybody knows that those who go on an overseas duty tend to be extravagant. Therefore I would like to make the following suggestions.

S'pore supports peacekeeping idea

S'pore supports peacekeeping idea SINGAPORE (Reuter): Singapore agreed in principle with a Malaysian proposal that the Association of Southeast Asian Nations (ASEAN) should aim to field a peacekeeping force under UN auspices, Singapore Minister for Defense Lee Boon Yang said yesterday. "We agree in principle with the concept," he said at a news conference here following a meeting with his Malaysian counterpart Najib Tun Razak.

Medan expands northward

Medan expands northward MEDAN, North Sumatra: Medan's master city plan dictates that the city must expand along the coastline to the north for the sake of conserving the water catchment areas in the west and south. Mayor Bahtiar Djafar said Medan wanted to avoid the mistake that Jakarta had made in realizing too late the importance of protecting its ground water resources, the Antara news agency reported.

RI tries to ease debt burden of poor states

RI tries to ease debt burden of poor states By Achmad Nuhoeri JAKARTA (JP): Indonesia plans to continue using its position as chair of the Non-Aligned Movement to urge the rich industrialized countries to address the huge debts of Third World countries, an official said.

ADB loans RI $130m

ADB loans RI $130m JAKARTA (JP): The Asia Development Bank (ADB) has agreed to provide loans worth US$130.19 million for the Indonesian government to finance educational and development projects.

As Batam booms, so does vice trade

As Batam booms, so does vice trade By Ridwan M. Sijabat BATAM, Riau (JP): Prostitution, said to be the oldest profession in the world, is also the easiest recourse for many women from other parts of Indonesia who come to this industry- designated island bedazzled by the promise of high salaries.

Horta's chances

Horta's chances There appear to be obstacles to Ramos Horta's ambition to take part in the talks on East Timor scheduled for May. Foreign Minister Ali Alatas has made it clear that there is no chance of Horta being involved in the discussions as long as he is against to the framework accepted by Indonesia.

Factory refuses worker's claim

Factory refuses worker's claim JAKARTA (JP): The management of PT Truba Raya Trading Factory Shoes has denied local newspaper reports that one of its female workers, Rosidah, miscarried after she was forced to stand in the sun as punishment for taking time off work. "We did punish several workers for not coming to work for a couple of days. But no one had a miscarriage," the company's personnel manager Sjafri Madjid said yesterday.

ABN to keep broadcasts unscrambled

ABN to keep broadcasts unscrambled JAKARTA (JP): The Asian Business News (ABN), a Singapore-based regional business news television service, will not scramble its broadcasts to Indonesia in the near future, says the company's executive. "Indonesian viewers will still be able to watch for free through their satellite dishes," Paul France, ABN's chief executive officer, told The Jakarta Post yesterday. France said, however, this policy is not infinite. "It depends on future developments," he said.

Stocking up for rainy days

Stocking up for rainy days SEMARANG: The Central Java government has ordered social services offices throughout the province to stock up with rice, which could used as emergency relief in the event of floods. Each second level administration office is required to have between three and five tons of rice in stock, Central Java public relations officer Dwi Hastuti told Antara.

Latief let off gambling charge

Latief let off gambling charge MALANG, East Java: The local police have decided not to prosecute senior East Java politician Latief Pudjosakti on gambling charges but he will required to testify in connection with the raid on a gambling den. Malang Police Chief Lt. Col. Makbul Padmanagara said that Latief had been present at the house at the time of the raid but that he had been there to pay a visit to the sick parents of the house owners.

Hermawan tops IBF ranking

Hermawan tops IBF ranking LONDON (Reuter): Leading world rankings issued by the International Badminton Federation on Monday after the Chinese Taipei Open, the first event of the World Grand Prix series, held from January 10 to 15: Men: 1. Hermawan Susanto (Ina) 360 points; 2. Lee Kwang-jin (SKo) 240; 3 equal. Rashid Sidek (Mal) 175; 3 equal. Thomas Stuer-Lauridsen (Den) 175; 5 equal. Jens Olsson (Swe) 120; 5 equal. Fung Permadi (Ina) 120; 5 equal. Tomas Johansson (Swe) 120; 5 equal.

Real action needed to curb pollution

Real action needed to curb pollution JAKARTA (JP): The City Council once again reminded the government and private companies to take real action in reducing pollution in the city because the current rate has exceeded the allowable limit. Chairman of the council's Commission D, which is in charge of development, Bandjar Marpaung urged the government yesterday to be more serious in the prevention of pollution by promoting the use of low leaded fuel.

Inco's nickel output up 25%

Inco's nickel output up 25% JAKARTA (JP): PT Inco International Nickel Indonesia, an Indonesian-Canadian joint venture, reported yesterday a 25 percent increase in its nickel matte production to 100 million pounds last year from 80 million pounds in 1993. The company's president, James Guiry, said that the substantial output increase was possible after the renovation of two of its three kilns.

RI, Finland set up council

RI, Finland set up council JAKARTA (JP): Indonesia and Finland will establish a business council this week to promote trade and investment cooperation between the two countries, the Finnish embassy said yesterday.