Indonesian Political, Business & Finance News

Archive: 18 October 1995

42 articles found

S'pore concerned about RI ties post-Soeharto era

S'pore concerned about RI ties post-Soeharto era JAKARTA (JP): Indonesia-Singapore relations have reached a peak, but future ties will hinge on whether Indonesia can promise political stability after President Soeharto is no longer at the national helm, according to a discussion. "Singaporeans believe it is difficult to predict the future leadership in Indonesia.

Council defends reclamation bill amid criticism

Council defends reclamation bill amid criticism JAKARTA (JP): The city council has defended its decision to approve a bill on a land-reclamation project in North Jakarta, saying that the bill is designed to prevent damage to the environment, including flooding. Chairman of the Indonesian Democratic Party faction in the council, Lukman F.

Toyota's 2nd plant in Jakarta

Toyota's 2nd plant in Jakarta TOKYO (AFP): Japan's Toyota Motor Corp. said Tuesday it will construct a second plant for its Indonesian unit, PT Toyota Astra Motor, raising annual output to 130,000-150,000 units from the current 80,000 by the end of 1998. "We plan to produce passenger cars at the second plant but no other details are decided," the company's official said. Toyota currently produces cars such as the Crown and Corolla models at Toyota Astra, it said.

RI firm to acquire Goldtron

RI firm to acquire Goldtron SINGAPORE (Reuter): SESDAQ-listed electronics group Goldtron Ltd topped the volume in Singapore at mid-morning on renewed rumors of takeover by unidentified Indonesian parties, brokers said. Goldtron shares topped the volume with over 11.62 million shares traded at Singapore $1.53, up two cents. The price ranged between S$1.50 and S$1.60 this morning. Brokers said Goldtron shares have been among the most active shares on the local bourse in recent days.

Tambang Timah to open gold mine in N. Sumatra

Tambang Timah to open gold mine in N. Sumatra JAKARTA (JP): The state-owned tin mining company PT Tambang Timah will list 25 percent, or 125.8 million, of its shares on the London Stock Exchange on Oct. 19. It also plans to open a gold mine in Natal, North Sumatra, the company's president said yesterday.

Construction worker plunges to death

Construction worker plunges to death JAKARTA (JP): A laborer at an apartment building still under construction fell to his death yesterday while installing outdoor wall panels on the 12th floor. Maryono, a 24-year-old resident of Serang, West Java, fell to his death at around 10:00 a.m. at the 26-story Pavilion Park Apartment location on Jl. K. H. Mas Mansyur, Central Jakarta. According to his supervisor he was dead before he was taken to the Mintohardjo Navy Hospital.

Garuda employee suspected in Rp. 2.7b scam

Garuda employee suspected in Rp. 2.7b scam JAKARTA (JP): Jakarta's Prosecutor's Office has named three suspects in a Rp 2.7 billion land scam involving an employee of PT Garuda Indonesia. Petrus Sambara, spokesman of the Prosecutor's Office told The Jakarta Post yesterday that one of the three, identified only as Sup. was an employee of the national flag carrier. The other two, SS and Dj. are reportedly land brokers.

Merpati decides not to lease CN-235 planes

Merpati decides not to lease CN-235 planes JAKARTA (JP): Merpati Nusantara, the state-owned domestic air carrier, has decided not to lease 16 CN-235 aircraft due to unusually high operation costs which make IPTN's airplanes commercially unviable.

Villagers protest over land dispute

Villagers protest over land dispute KUPANG, East Nusa Tenggara: Residents of Kuanhem village, about 20 kilometers west of Kupang, protested yesterday against the alleged appropriation of their land by PT Lopo Indah Permai. Thirteen villagers representing 17 families, led by Amtiran tribe chief Markus Amtiran, asked to meet with Governor Herman Musakabe.

Civil society not alien to RI: Scholar

Civil society not alien to RI: Scholar JAKARTA (JP): Civil society is not an alien concept to Indonesia because Pancasila, the state ideology, embraces the idea of equality before God, a renowned Indonesia scholar said yesterday. "All such equal believers are said to find the same quality of grace in God's sight, and deserve corresponding respect from government," said Michael Leifer, best known here for his 1983 book, Indonesia's Foreign Policy.

More Aussie property marketed here

More Aussie property marketed here JAKARTA (JP): PT SuryaPrapta Indah, a real estate consultant and agent, will hold Australian property exhibitions here and in Bali to tap what it considers to be a large number of potential buyers among high-income Indonesians. On Saturday and Sunday, SuryaPrapta, which has held dozens of Australian property exhibitions, will market in Jakarta and Bali apartments in Melbourne at prices ranging from US$114,700 to $887,260.

Student climbers 'inexperienced'

Student climbers 'inexperienced' TIMIKA, Irian Jaya: The two students who died after being caught in a snowstorm last week while climbing the Cartenz Peak of Mt. Jayawijaya were inexperienced and poorly equipped. Bona Venture, 26, and Herman C.R., 23, both students of Brawijaya University in Malang, East Java, were reportedly caught in the snowstorm on Thursday. They were found dead the next day. Antara quoted a friend, M.

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Aryaduta Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Bonauli vocal group, Monday and Wednesday from 7 p.m. to 11 p.m.; Los Morenitos, Tuesday, Thursday and Sunday from 7 p.m. to 11 p.m. Los Paraguas, Friday and Saturday from 7:15 p.m. to 11 p.m. - Ambassador Lounge: Boece & Ayu (pianist and singer), Tuesday and Saturday, from 8 p.m. to 12:30 a.m. Pianist of Jakarta String Fantasy Trio, Wednesday, Thursday and Friday from 8 p.m.

Malaysian implicated of 5-star hotel murder

Malaysian implicated of 5-star hotel murder JAKARTA (JP): City police yesterday officially named a Malaysian businessman as the suspect in Monday's murder of a local woman, who was found dead in a corridor on the 12th-floor of a five-star hotel in Central Jakarta on Monday. Spokesman Lt. Col. Iman Haryatna told reporters that the suspect was identified as Charanjit Dadwal, a Malaysian businessman of Indian origin, not an Indian national identified as CJ as reported yesterday.

Stop the rumor mill

Stop the rumor mill In this part of the world rumors are perhaps as old as civilization. The changes brought by time seem to have been unable to stop the spread of rumors which often find their way about faster than the truth. Rumors have victimized many people, and their impact often lasts longer than the truth.

Workshop on South China Sea

Workshop on South China Sea The workshop on Managing Conflicts in the South China Sea has been held six times in Indonesia. The workshop -- initially intended to set aside any territorial disputes into peaceful and beneficial cooperation among the claimant countries: Brunei, China, Malaysia, the Philippines, Taiwan and Vietnam toward the potential rich reserves of oil and natural gas -- is very meaningful for the Confidence Building Measures (CBM) among claimant countries.

'Facilitating payment' denied

'Facilitating payment' denied In The Jakarta Post of Oct. 10, 1995, under the heading "Facilitating Payments" was a letter attributed to Macon Hawkins of Pekanbaru. My name is Macon Hawkins and my address is Pekanbaru, though I am now on vacation in Singapore. Several people have asked if I wrote the letter you printed. I want to make it very clear that I did not write that letter. Nor did I have occasion to make the "facilitating" payment to the police described in the letter.

Lost of creditworthiness could spell disaster: Economist

Lost of creditworthiness could spell disaster: Economist JAKARTA (JP): Sound economic policies are now more crucial than ever for managing and benefiting from the rapid movement of global capital, economist Mari E. Pangestu said yesterday. "Creditworthiness is very important in respect to private capital flows, which constantly fluctuate," Mari told a seminar on economic globalization and the likely challenges countries will face.

Second anti-polio round starts today

Second anti-polio round starts today JAKARTA (JP): The government will launch today the second round of the mass polio immunization program, more determined to ensure success by making up for the shortcomings found in the first round last month. The various immunization posts that have been set up in every village across the country are under strict orders to ensure that not a single child below the age of five years old escapes vaccination.

Asian markets end mixed, many look for direction

Asian markets end mixed, many look for direction HONG KONG (Reuter): Asian markets ended mixed in generally quiet trade yesterday, with Hong Kong index remaining above the 10,000-point level but Tokyo and Singapore taking a step back as investors looked for direction. In Hong Kong, stocks ended slightly stronger as late overseas institutional buying of banks and property firms overrode profit- taking.

Foreign Office has new spokesman

Foreign Office has new spokesman JAKARTA (JP): Diplomat Ghaffar Fadyl was installed yesterday as the new spokesman of the Ministry of Foreign Affairs, an increasingly important post as Indonesia seeks to play a more proactive role in international diplomacy. Ghaffar's predecessor as Director of Information, Irawan Abidin, will soon assume his new post as Indonesia's ambassador to the Republic of Greece. Irawan served as the chief spokesman of the ministry for two years.

Faldo, Langer, Singh to star in Dunhill Masters

Faldo, Langer, Singh to star in Dunhill Masters JAKARTA (JP): England's world number five Nick Faldo, Asia- Pacific's star Vijay Singh and Bernard Langer of Germany are among the golfers confirmed for the Alfred Dunhill Masters scheduled for Nov. 2 - 5 near Bogor. Singh, whose world ranking is number 13 behind world number one Greg Norman of Australia, was ninth among the money winners on the U.S. PGA Tour with US$910,713.

ASEAN photo expo at Museum

ASEAN photo expo at Museum JAKARTA (JP): A two-week photo exhibition with participants of all members of the Association of Southeast Asian Nations, ASEAN, will open at the National Museum on Oct. 24. The display of 35 colored photographs, or five photographs from each member country, is part of a simultaneous event in the respective countries of Indonesia, Malaysia, Philippines, Singapore, Brunei Darussalam, Thailand and Vietnam.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 17, 1995: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,700 50 15,000 AHAP Insurance 3,250 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 2,150 0 0 Aneka Kimia Raya 6,400 0 0 Anwar Sierad 1,175 100 220,500 Aqua Golden Mississippi 2,400 0 0 Argha Karya Prima Industry 1,875 25 205,500 Argo Pantes 2,500 0 0 Asiana IMI Indusrties 925 -25 10,000 Aster Dharma...

'SAR training must be held in Maluku'

'SAR training must be held in Maluku' AMBON, Maluku: The head of Ambon navigational district, Capt. Sofyan Latuconsina, has suggested that the Indonesian-Australian annual search-and-rescue (SAR) training program be held in Maluku waters. The training program is usually conducted in the waters of Merauke, Irian Jaya, and in Timor Straits of East Timor province, the Antara news agency reported yesterday.

Spotlight

Spotlight Photo A: Bustanil JP/arh RICE, COOPERATIVES AND NEW ORDER POLITICS: Former chairman of the National Logistics Agency Bustanil Arifin (right) chats with President Soeharto's son Hutomo Mandala Putra, also known as Tommy Soeharto (left), the chairman of the Supreme Advisory Board Sudomo (second on right) and former Attorney General Ismail Saleh at Bustanil's 70th birthday celebration.

'Higher fares needed to save transport firms'

'Higher fares needed to save transport firms' JAKARTA (JP): Two minibus companies have shown support for the proposal to increase minibus fares and said that many companies will be out of business if the government refutes the proposal. C.H. Sunarto, chairman of Kopaja, a transit vehicle owners' cooperative, said that owners of minibuses had suffered hardships because the fare is too low to cover operational costs.

1,700 cubic meters of timber seized monthly

1,700 cubic meters of timber seized monthly JAKARTA (JP): Only 1,700 cubic meters of illegal timber, with a value of Rp 250 million, are confiscated by city authorities every month. It is estimated that more than three million cubic meters of timber enter the city every year, but only 1.2 million cubic meters carry the proper documents.

Polio vaccination program

Polio vaccination program JAKARTA (JP): Governor Surjadi Soedirdja said that the city administration has set up more than 9,000 posts for the second round of the polio vaccination program. More than 26,000 volunteers are expected to help with today's endeavor which will administer the second shot in the polio series. Surjadi also said that the city administration will also operate a mobile unit to vaccinate children under five years old at home.

Noodle exports promising

Noodle exports promising JAKARTA (JP): The dumping charges by Australia will not affect the prospects of Indonesia's instant noodle exports, an exporter said here yesterday. "Despite the dumping issue, the demand from European, Middle East and ASEAN countries for instant noodles continues to increase," said Bachtiar Yusuf, president of PT Jakarana Tama, a producer of instant noodles. Australian businessmen recently accused Indonesia of dumping its noodles on the Australian market.

ASEAN to spur credit ratings growth

ASEAN to spur credit ratings growth SINGAPORE (Reuter): Standard & Poor's sees a growing demand for its ratings services in ASEAN countries as demand for debt capital rises in the region's economies. Standard & Poor's president and chief rating officer Leo O'Neill said at a conference here that the agency's favorable outlook is supported by its positive view of sovereign risks in the region.

MasterCard-Internet link

MasterCard-Internet link JAKARTA (JP): MasterCard announced yesterday that both credit and debit cardholders will soon be able to make purchases over the Internet. "We are now developing a system that will enable MasterCard holders safely and efficiently to pay for what they buy over the Internet. Hopefully, it will be completed early next year," Paul Confrey, vice president of MasterCard International's Interactive Marketing told reporters at the Regent Hotel yesterday.

Sound macro-economic policy vital for economic stability

Sound macro-economic policy vital for economic stability JAKARTA (JP): Former economics minister Ali Wardhana said yesterday that sound macro-economic management, including monetary and fiscal policies, will remain an effective tool for managing the domestic economy amid the rapid movement of global capital.

Golkar proposes indoor campaigns in next elections

Golkar proposes indoor campaigns in next elections JAKARTA (JP): Golkar is preparing to push its idea that outdoor election campaign rallies be replaced with indoor discussions, starting with the 1997 general elections. Chairman of the ruling political grouping, Harmoko, said yesterday that campaign methods were among the central issues being discussed in Golkar's ongoing leadership meeting.

China's forex control

China's forex control SHANGHAI (AFP): China is tightening foreign exchange control in Shanghai by requiring all foreign currency account holders to apply for an intelligence card which tracks their transactions, officials said yesterday. The Shanghai branch of the People's Bank of China (PBOC) and the municipal administration of foreign exchange control issued a notice September 27 requiring customers to apply for their cards by October 25, sources said.

Abortion issue (2)

Abortion issue (2) I am shocked to read in the Your Letters column (The Jakarta Post, Oct.11, 1995) about whether abortion should be legalized in Indonesia. Do not think for once that sex is natural. It is not. Having sex is art, love and responsibility. There is a limit to everything we do. Sexually transmitted diseases (STD) and AIDS are proof that having sex is not just part of human rights. If some people want to eat, talk and have sex the Western way, let them do it.

Hopes high for pardon of RP maid

Hopes high for pardon of RP maid MANILA (AFP): The Philippine ambassador to the United Arab Emirates (UAE) expressed confidence yesterday that a Filipina maid could be pardoned after the family of the man she killed dropped its demand that she be executed. Ambassador Roy Seneres in an interview over radio station DZXL here said if a request for a pardon were made for 16-year old Sarah Balabagan, he had "high hopes that our request will be granted." The maid's appeal resumes Oct.

Future market for pesticide remains bright

Future market for pesticide remains bright JAKARTA (JP): Pesticide manufacturers remain optimistic about the future market for their products, despite the government's drive to implement an integrated pest management (IPM) program as Indonesia's major crop-protection policy. "IPM is an environment-oriented system which is basically aimed at increasing the income of farmers.

Former top official slams reclamation plans

Former top official slams reclamation plans JAKARTA (JP); A former deputy governor says that the ongoing reclamation project on the North Jakarta coastline will have disastrous effects on the city's ecology, resulting in a partial submergence of the capital.

ASEAN called on to widen zone of peace community

ASEAN called on to widen zone of peace community JAKARTA (JP): Indonesia and its Southeast Asian neighbors, having successfully forged a zone of peace in the region, should now expand that community of peace to encompass the whole of East Asia, scholars in international affairs said yesterday.

TV today

TV today TVRI 2:35 p.m. TV Series: Horrible Honchos 3:05 Documentary film: Homeland 3:30 Science Film 4:05 Among Us 4:30 Documentary Film 5:00 Regional News 5:30 Indonesian Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Science Program 7:00 Evening News 7:30 Music Contest: Asia Bagus 8:05 Comedy 9:00 World News 9:25 Music 10:25 Film 11:05 Late News 11:15 Film (continued) Program 2 4:30 p.m.

Unionist, academic deny they are communists

Unionist, academic deny they are communists JAKARTA (JP): Labor leader Muchtar Pakpahan and academic George Junus Aditjondro denied yesterday the military's claim that they are communists. Mochtar, a leader of the unrecognized Indonesian Prosperous Labor Union (SBSI), described the accusation, made publicly on Monday by Armed Forces General Affairs chief Maj. Gen. Soeyono, as "slanderous". "Can he say when I became a communist?" he asked, in an interview with The Jakarta Post.