Indonesian Political, Business & Finance News

Archive: 20 October 1995

48 articles found

Indonesia ready for SEA Games, whatever the rules

Indonesia ready for SEA Games, whatever the rules JAKARTA (JP): Despite uncertainty on whether host Thailand will eventually apply internationally-accepted rules in the 18th Southeast Asia Games, Indonesia is ready for the games. "Whether or not Thailand addresses our protests, we are ready to compete in Chiang Mai," Moch. Hindarto, the National Sports Council (KONI)'s training director, told The Jakarta Post yesterday.

Communist can infiltrate ABRI

Communist can infiltrate ABRI SEMARANG, Central Java (JP): A senior military officer says that even the Armed Forces (ABRI), with their tight security arrangements, are vulnerable to communist infiltration. Maj. Gen. Syarwan Hamid, assistant to the ABRI chief of social and political affairs, said yesterday that the communists have insidious methods for penetrating virtually any organization, including ABRI and religious groups.

Daimler-Benz and ABB eye Asia

Daimler-Benz and ABB eye Asia SINGAPORE (AFP): Swiss-Swedish conglomerate Asea Brown Boveri Ltd. and Germany's Daimler-Benz AG, which are to merge their railway activities, hope to compete strongly for work in Asia, an ABB official said yesterday. Paul Ziegler, head of the ABB Group of Companies Singapore, said here that the merger would give the two companies added strength and technology expertise when they bid for a proposed extension of Singapore's underground railway.

Why was Perspektif banned?

Why was Perspektif banned? From Forum Keadilan On Sept. 24, 1995, I met and talked with Perspektif's host Mr. Wimar Witoelar in the Obor Foundation's stand at the book exhibition held in Istora Senayan, Jakarta. It is such a pity that I did not have the opportunity to assure him of my support and sincere sympathy about his program at SCTV, although I seldom watched it because was aired during evening prays. I often feel very sad these days since there is so much violence around.

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. Poolside - BBQ Night with Hawaiian Band, Wednesday. Coffee Shop - Indonesian Night with Joged Dance, Saturday. Village Night with Frog Dance, Tuesday. Notte Italiana music by Capo Dastro Quartet, Thursday. * Sheraton Lagoon Nusa Dua Beach: Poolside Terrace - Janger Cultural Performance, Friday. Pasar Ikan Seafood Market, Saturday.

S'pore rubber futures prices firm

S'pore rubber futures prices firm SINGAPORE (Agencies): Singapore rubber futures prices ended firmer yesterday on European and local buying interest in tandem with the Japanese market, dealers said. Trading was moderate, with turnover dropping to 9,070 tons from 13,390 tons the previous day, while prices of the three grades traded rose one to two cents, a dealer said.

Day-old chick prices cut

Day-old chick prices cut JAKARTA (JP): The Association of Indonesian Poultry Entrepreneurs lowered yesterday the prices of day-old chicks (DOCs) to between Rp 225 and Rp 250 each, down from about Rp 700. "We decided to slash the prices of DOCs to help the poultry farmers make a profit," said Budiardjo Tek, the association's vice chairman.

Bre-X soars on RI mine

Bre-X soars on RI mine CALGARY (Reuter): Shares of Bre-X Minerals Ltd skyrocketed in frantic trading Wednesday after the Alberta Stock Exchange-listed company released drill results suggesting it may have found one of the world's largest gold mines. Bre-X was trading up C$9-1/2 to C$38-3/4 on volume of 930,380 shares. As recently as March Bre-X stock was at C$2.00 a share.

Malaysian arrested for fake card

Malaysian arrested for fake card JAKARTA (JP): A Malaysian has been arrested on charges of buying jewelry with a counterfeit credit card at CitraLand Mall, West Jakarta. Police sources said yesterday the suspect, identified as Cheng Joo Sun, 22, a resident of Penang, was captured Wednesday afternoon by the mall's security guard and an employee of Citra Jewelry shop from which he bought around Rp 17 million worth of jewelry.

Sony Indonesia to enter local market

Sony Indonesia to enter local market CIBITUNG, West Java (JP): PT Sony Electronic Indonesia -- a subsidiary of Japan's Sony Corporation which was designed to export all its products -- will later this year enter the domestic market, the firm's executives said yesterday. Sony Electronic Indonesia, a major producer of hi-fi stereo sets, radio/tape recorders and compact disc/tape recorders, has exported all its products since its started operation in March 1992 to the U.S.

Senayan to get new public park

Senayan to get new public park JAKARTA (JP): The first stone was laid Wednesday by Mrs. Try Sutrisno, wife of the Vice President, for a new public park in the heart of Jakarta. The park is to be built on the Taman Ria Remaja site adjacent to the State TVRI Station complex on Jl. Gerbang Pemuda, Senayan. Tb. M. Rais, vice governor for economic and development affairs, said after initiating the development of the park that the function of the area as a water catchment zone would remain unchanged.

Kashmir, Bosnia fight for freedom: Bhutto

Kashmir, Bosnia fight for freedom: Bhutto CARTAGENA DE INDIAS, Colombia (JP): Pakistan's Prime Minister Benazir Bhutto, likening the separatist movement in the Indian province of Kashmir to the plight of Bosnia, suggested that India's missile program would likely spark a regional arms race.

Surjadi seeks 17% hike in spending

Surjadi seeks 17% hike in spending JAKARTA (JP): Governor Surjadi Soedirdja asked the city council yesterday to increase the administration's spending in the current fiscal year by 17 percent, in view of an unexpected surplus in the city's 1994/1995 budget. Under the proposal, total spending in the fiscal year, which began on April 1, would be Rp 2.6 trillion ($1.13 billion). The administration gained a windfall of Rp 387.55 billion through a recalculation of the 1994/1995 budget.

Haryanto slams Merpati announcement

Haryanto slams Merpati announcement JAKARTA (JP): Minister of Transportation Haryanto Dhanutirto criticized yesterday a widely-publicized statement made by state- owned Merpati Nusantara Airlines about its decision not to lease 16 locally-made CN-235 aircraft. Haryanto told reporters after a meeting with Vice President Try Sutrisno that the Merpati statement was premature because negotiations about the lease were still underway.

Kuwait to start talks on Thai oil refinery soon

Kuwait to start talks on Thai oil refinery soon SINGAPORE (Reuter): Kuwait is seeking refining and trading opportunities in Asia and will start serious talks soon with petrochemical giant Thai Petrochemical Industry Plc on a new refinery in Thailand, a visiting oil official said. "We will be talking seriously with TPI," Hani Hussain, managing director of state-owned Kuwait Petroleum Corp (KPC), told Reuters late on Wednesday.

General Hotel plans expansion in Indonesia

General Hotel plans expansion in Indonesia JAKARTA (JP): General Hotel Management, a Singapore-based hotel and resort management firm, plans to expand its business in Indonesia to a total of 10 hotels by 1997. Company executive Mark A. Edleson said here yesterday that General Hotel Management currently runs two hotels and one executive club in Indonesia. "General Hotel Management currently operates Chedi Hotel in Bandung, West Java, and Serai Hotel in Karangasem, Bali.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 19, 1995: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 1,575 475 7,500 AHAP Insurance 3,250 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 2,000 -150 166,500 Aneka Kimia Raya 6,450 -50 4,000 Anwar Sierad 1,075 -25 1,000 Aqua Golden Mississippi 2,400 0 0 Argha Karya Prima Industry 1,900 0 57,500 Argo Pantes 2,500 0 0 Asiana IMI Indusrties 950 25 5,500 Aster...

Soeharto meets with NAM leaders to strenghten ties

Soeharto meets with NAM leaders to strenghten ties By Rikza Abdullah CARTAGENA DE INDIAS, Colombia (JP): Pakistan, Nicaragua and the Philippines agreed here on Wednesday to strengthen their economic and trade relations with Indonesia. Minister/State Secretary Moerdiono said the agreements were reached in separate meetings between President Soeharto and Pakistani Prime Minister Benazer Bhutto, Nicaraguan President Violetta Barrios de Chamorro and Philippine President Fidel Ramos.

Take That: Taking it from the streets to the bank

Take That: Taking it from the streets to the bank By Dini S. Djalal JAKARTA (JP): How many members of Take That does it take to change a light bulb? Five: one to hold the bulb, one to cheer him on, one to dance around him, one to change his outfit, and another to keep the fans at bay. Five years ago, when Take That's manager Nigel Martin-Smith unveiled England's version of New Kids on the Block, everyone thought it was a joke.

Czarnikow sees lower RI sugar output in 1995

Czarnikow sees lower RI sugar output in 1995 LONDON (Reuter): Indonesia's 1995 sugar production should fall to around 2.30 million tons of sugar from 2.46 million last year due to the effects of a severe drought, trade house C.Czarnikow said in its latest report. This would imply a statistical shortfall of some 700,000 tons after consumption was discounted, Czarnikow said.

Fafa to join national team for the 18th SEA Games

Fafa to join national team for the 18th SEA Games JAKARTA (JP): The nation's most seasoned spiker Imam Agus Faisal, better known as Fafa, will make his fifth successive appearance at the Southeast Asian Games in December. Indonesian Volleyball Association Secretary-General M. Solli confirmed yesterday that Fafa, an employee at the state-owned bank, BNI 46, decided to join the national team for the 18th SEA Games after receiving a green light from his boss.

Women's Center

Women's Center This is in response to the letter from S. Hansyah entitled 'Worrying mother' (The Jakarta Post, Oct. 17, 1995), a reprinted version from Kompas. Unfortunately the brutality and prevalence of rape being reported in the media as you detail in your letter of concern to the editor is the stark reality of our society. Your daughter, your sister, yourself could become a victim.

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.

India to hold an exhibition here next year

India to hold an exhibition here next year JAKARTA (JP): India plans to hold an exhibition at the Jakarta Fairground next March to forge stronger economic ties with Indonesia. Indian Ambassador to Indonesia S.T. Devare told The Jakarta Post yesterday that the exhibition, which will involve at least 67 Indian companies, is expected to inform Indonesians about the business and trade opportunities India offers.

Avoid empty promises: Golkar

Avoid empty promises: Golkar JAKARTA (JP): Golkar leaders appealed yesterday to their cadre to refrain from making promises they cannot keep during the campaign for the 1997 general election. One thousand leaders of the ruling political group wound up their annual conference yesterday, with their sights set on winning the 1997 election honestly with a strong majority.

A case for import substitution policies

A case for import substitution policies By Rajiv Sondhi JAKARTA (JP): The emergence of a trade deficit in June, the first monthly deficit in five years, has sharply focused the recent performance of exports and the supporting policy framework. The policy support extended by the government to promote non-oil or gas exports has brought rich dividends to the country in the last five years. Non-oil gas exports, in particular manufactured exports, have recorded double digit growth rates.

Foundation seeks Rp 110b damages over hospital

Foundation seeks Rp 110b damages over hospital JAKARTA (JP): The Fatmawati Foundation, former owner of the Fatmawati Hospital in South Jakarta, is filing a law suit against three ministries and the city administration over the transfer of the hospital building to the Ministry of Health. The plaintiff's lawyer, Djazuli Bachar, told the South Jakarta District Court yesterday that the foundation demanded Rp 110 billion in compensation for the loss of the building.

Passing the torch

Passing the torch It befits the leadership style of President Soeharto that on Wednesday the Indonesian head of state formally ended his chairmanship of the Non-Aligned Movement (NAM) with a call for the 113 member countries to continue working towards the establishment of a new world order ensuring social justice, welfare and peace for all. The world's economic and political landscape has undergone radical transformation since the movement was born at a summit meeting on Sept.

ICMI members want Habibie to retain chair

ICMI members want Habibie to retain chair JAKARTA (JP): The congress of the Indonesian Association of Moslem Intellectuals is still two months away, but support for the reelection of B.J. Habibie to lead the influential organization has started to pour in. "I would choose Pak Habibie any day," declared Adi Sasono, a leading member of ICMI central board.

Illegal levies cause high operation costs: Ritonga

Illegal levies cause high operation costs: Ritonga JAKARTA (JP): City Council Speaker M.H. Ritonga says the police must put an end to their habit of soliciting "contributions" from the drivers of public transportation vehicles, whose operational costs are now skyrocketing as a result. Ritonga, a former city police chief, said here yesterday that the police must not turn a blind eye to their behavior and stop the practices which are inflicting financial losses on the transportation companies.

Dayak Besar takeover still in question

Dayak Besar takeover still in question JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo has asserted that the question of who will take over the debt- burdened PT Dayak Besar Group (DBG) is not important as long as its forests are used to benefit the local people. "The central issue is that forests are state assets. Forests should not be abandoned because they belong to the state. We will use every government regulation to take them into our care," Djamaludin said.

Nightclub hostess strangled to death

Nightclub hostess strangled to death JAKARTA (JP): A nightclub hostess was found dead with bruises on her face and neck at a male friend's boarding house in Central Jakarta yesterday morning. The post-mortem examination showed that Nia, who was also known as Tri, had been strangled, a police officer said. The officer said the victim, who worked at JJ Nightclub in West Jakarta, was believed to have been killed about 4:30 in the morning.

Who dunnit?

Who dunnit? BANDAR LAMPUNG, Lampung: Prison officials are trying to determine who slept with a widow serving a sentence for motorcycle theft and kidnapping. Deputy chief of North Lampung's Menggala prison warden Sobiran said yesterday that the provincial justice office was just made aware of the pregnant inmate. Antara said yesterday that prison doctors found Dar, who has been in prison since May 30, two-months pregnant.

Aid for quake victims

Aid for quake victims JAKARTA: The government promised more assistance yesterday for thousands of quake victims in Jambi. Minister of Social Services Inten Soeweno said that the government will help the victims rebuild the houses that were damaged or destroyed by the earthquake measuring 7 on the Richter scale.

Judge cautions military over communist hunt

Judge cautions military over communist hunt JAKARTA (JP): Justice Bismar Siregar, a leading member of the Supreme Court, cautioned the Armed Forces (ABRI) yesterday about the naming of three men as being involved in communist-like activities. Bismar said that if the authorities have sufficient data to support their allegations, they should take action. "There are legal procedures (for that)," he added.

Paintings on display in Kemang

Paintings on display in Kemang JAKARTA (JP): The Santi Gallery on Jl. Benda No. 4, Kemang, South Jakarta, will be displaying works by Kay It, a Balinese painter who died 18 years ago. The exhibition, scheduled to be opened by well-known collector Dr. Oei Hong Djien, will be open to the public from 9 a.m. to 6 p.m. daily from Oct. 24 to Nov. 7 Some of the 40 paintings to be displayed remain in the care of Kay It's wife and are for sale.

Communist issue

Communist issue Today the issue of Indonesian communists is alive again through reports in the media. It is surprising enough that government officials are repeatedly discussing the matter. The general public was apparently still wondering about the real meaning of the media coverage of the issue when a senior military general pointed out the alleged communists by name (The Jakarta Post, Oct. 17, 1995).

Bank Niaga to raise paid-up capital to $50.7m

Bank Niaga to raise paid-up capital to $50.7m JAKARTA (JP): Publicly-listed Bank Niaga will double its paid- up capital to Rp 115.55 billion (US$50.7 million) by issuing one- to-one bonus shares worth Rp 57.77 billion.

Ectasy suspect dies during police raid

Ectasy suspect dies during police raid JAKARTA (JP): A suspected trafficker of the banned drug Ecstasy, a mind-altering drug popular among teenagers, died during a police raid in South Jakarta yesterday. Paulus Hendrawan, also known as Wawan, 24, a university student and the son of an army general, is believed to have taken an overdose of the drug. National police spokesman Brig. Gen. I.K. Ratta said that Wawan was very ill when police stormed room No.

40 buildings demolished

40 buildings demolished JAKARTA (JP): Local authorities pulled down 40 structures belonging to squatters along the Ciliwung river bank in Pejambon, Central Jakarta, yesterday, two days before the demolition deadline. While the forcible demolition was still going on, the now homeless squatters, many of whom had been living in the area for 25 years, went to the City Council and the mayoralty office, demanding compensation for the loss of their property.

Solar energy developed for urban houses

Solar energy developed for urban houses JAKARTA (JP): The Agency for the Assessment and Application of Technology is expanding its solar energy development plan, currently restricted to rural areas, to include urban housing. To begin with, Bumi Serpong Daya, an expanding exclusive satellite city on the outskirts of Jakarta, has agreed to be the first to use solar power. The huge housing complex in Tangerang has agreed to build a model house with solar cell panels in place of regular roof tiles.

Supreme Court gets six younger justices

Supreme Court gets six younger justices JAKARTA (JP): Chief Justice Soerjono yesterday installed six new justices to serve in the Supreme Court, replacing those who recently reached the mandatory retirement age of 65. Soerjono disclosed yesterday that five other serving justices are due for retirement this year which means that the Supreme Court will shortly undergo a major rejuvenation process. The Supreme Court, the highest appeals court, is served by 51 justices, including its chief.

Choice to open hotel in Yogyakarta

Choice to open hotel in Yogyakarta JAKARTA (JP): Choice Hotels Indonesia announced that its first "comfort-branded" hotel, the Sejahtera Comfort Suites, will have its soft opening in Yogyakarta at the end of December. Executive Chairman of Choice Hotels Indonesia David Schaefer said that the Sejahtera Comfort Suites Yogyakarta will join the existing network of its five Clarion and Quality branded hotels.

East Timor has new ferry

East Timor has new ferry DILI, East Timor: The local government will launch a ferry service to Dili, Atauro Island and Wetar Island in December. The KMP Balibo has the capacity to carry 400 passengers and 23 trucks, head of the East Timor transportation office R. Widagdo said here yesterday. He said the ferry built in Surabaya is in fact ready for operation but its wharfs are still not built, Antara reported. The ferry is expected to improve the people's mobility in the three areas, he said.

Paul Nagano displays paintings

Paul Nagano displays paintings JAKARTA (JP): American painter Paul Nagano will exhibit his works at the CSIS building on Jl. Tanah Abang III, Central Jakarta, from tomorrow to Oct. 28. The one-week exhibition, titled The Pulse of Paradise, Recent Watercolors of Bali, has been organized jointly by the Centre for Strategic and International Studies (CSIS) and the Neka museum. CSIS chairman Yusuf Wanandi plans to open the exhibition today. It will be open to the public from tomorrow to Oct.

TV today

TV today TVRI 2:35 p.m. TV Series: Amazing 3:05 Documentary: Langka & Unik 3:30 Science: Pushing The Limits 4:05 Student Quiz: Cerdas Cermat 4:30 Culture 5:00 Regional News 5:30 Cultural Circle 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 You Should Know 7:00 Evening News 7:30 Dinamika 8:05 Music: Bintang Nusantara 9:00 World News 9:25 Quiz: Siapa Dia 10:30 Film :Jungle Book 10:55 Late News 11:05 Film (continued) Program 2 4:30 p.m.

Approaches to APEC free trade

Approaches to APEC free trade By Suhadi Mangkusuwondo JAKARTA (JP): APEC Economic leaders will have their third consecutive meeting in Osaka next month. Many businesspeople in this region and elsewhere are closely watching the preparations for the important meeting. The skeptics expect nothing substantial will come out of Osaka now that APEC has gone beyond the easy stage of declaring its long-term vision and goals and move into the decisive stage.

Boat overturns, one missing

Boat overturns, one missing CILACAP, Central Java: One went missing and four other people survived when their fishing boat Dewi sank after being hit by high waves Tuesday, a press report said yesterday. Antara reported that as of Wednesday afternoon, Rasiman, 25, a resident of the Jeruk Legi district, was still missing. The other fishermen aged between 19 and 35 sustained injuries and are currently being treated in a local hospital.