Indonesian Political, Business & Finance News

Archive: 5 October 1995

54 articles found

Will PCPP balance political scale?

Will PCPP balance political scale? Public discussion on the significance of the establishment of the Association of Intellectuals for Pancasila Development (PCPP) in July is still going on. Noted intellectual Aswab Mahasin argues that the founding of the new association shows that the old political cleavage remains intact. JAKARTA (JP): Intellectuals have always been on the news. The more so when they found associations.

Tourism body to tie up with S'pore company

Tourism body to tie up with S'pore company JAKARTA (JP): The Indonesian Tourism Promotion Board (ITPB) will establish a joint venture with a Singapore-based firm later this year to help boost tourism campaigns and revenues. Chairman of the board, Tanri Abeng, said yesterday that the planned joint venture will be 40 percent owned by PT Bangun Nusantara Indah, an affiliate of the board, and 60 percent by a Singaporean firm.

AVOC contract on palm oil approved

AVOC contract on palm oil approved MANILA (Reuter): The ASEAN Vegetable Oil Club's (AVOC) common contract in the trading of palm, palm kernel and coconut oil is slowly winning acceptance in the world market, the group's chairman said yesterday. AVOC, which groups Indonesia, Malaysia and the Philippines, introduced the contract last November and fueled fears among U.S. and European buyers that it was the first step toward forming a suppliers' bloc in the sale and trade of vegetable oils.

C. Java swimmers go to SEA Games

C. Java swimmers go to SEA Games JAKARTA (JP): Two swimmers from Central Java were picked to strengthen Indonesia at the upcoming 18th Southeast Asian Games in Chiang Mai, Thailand, after clocking acceptable times in a national selection. Meitri Widya Pangestika from Banyumas, Central Java, clocked 0:59.25 and 0:27.03 in the women's 100m and 50m freestyle, slightly shorter than the expected times of 0:59.78 and 0:27.78 for the two events respectively held here recently.

RI eyes world bridge semis

RI eyes world bridge semis JAKARTA (JP): Indonesia is set to get into the semifinal of the Bermuda Bowl World Bridge Championship in Beijing, China, slated for Oct. 8 to Oct. 20. "We will rely on four seasoned pairs," said Roy Tirtadji of the Indonesian Bridge Association. He declined, however, to say which of the four -- Deny Sakul/Franky Karwur, Hengky Lasut/ Edi Manoppo, Munawar/Berje Polii and Geovany Watulingas/Santje Painelewen -- would eventually be fielded.

Bank Pacific ties with Bank BNI strategic

Bank Pacific ties with Bank BNI strategic JAKARTA (JP): Bank Pacific, which is controlled by the Ibnu Sutowo family, said yesterday that its alliance with state-owned Bank BNI is strategic for accelerating the development of its operations, management and human resources. "We decided to choose Bank BNI, the largest bank in the country, as our strategic alliance under a technical assistance agreement," Bank Pacific's president Endang Utari Mokodompit said.

Capital market has new chairman

Capital market has new chairman JAKARTA (JP): Minister of Finance Mar'ie Muhammad replaced the chairman of the Capital Market Supervisory Agency (Bapepam) yesterday, only one day after President Soeharto inaugurated the Jakarta Stock Exchange's new automated trading system. I Putu Ary Suta, formerly the head of Bapepam's Corporate Finance Bureau, will replace Bacelius Ruru as chairman.

Feisal says communists on the move

Feisal says communists on the move JAKARTA (JP): Armed Forces Chief Gen. Feisal Tanjung warned the public yesterday that the remnants of the Indonesian Communist Party (PKI) are attempting to disrupt national security. "I am appealing to all layers of society, especially the new generation of national fighters, not to let down your guard against the latent dangers posed by the remnants of the G30S/PKI..," Gen.

Protection never benefits people

Protection never benefits people JAKARTA (JP): Protected industries never help the people and never become competitive, said noted Japanese business and political expert Kenichi Ohmae. When speaking to local journalists here yesterday, the visiting expert pointed out that the protection given to Indonesia's automotive industry and Japan's rice business serve as good examples. "The protection of the automobile industry here is very strange because the price of automobiles is very high here.

Oil slick hits coral island

Oil slick hits coral island KOTA KINABALU, Malaysia (AFP): Malaysian officials were yesterday trying to ascertain the ecological damage wreaked by an oil slick on a coral island, a well-known divers' haven, off the eastern state of Sabah. The Department of Environment (DOE) said they were first alerted on Saturday by divers, who spotted congealed strips of oil being washed ashore on the southern beaches on Sipadan island, just off Sabah's eastern coast.

City Hall refuses to comment on Bira Island case

City Hall refuses to comment on Bira Island case JAKARTA (JP): The city administration has refused to reveal the latest progress of the environmental audit on the controversial Bira Island in Seribu Islands, North Jakarta. Head of the City Environment Office Aboejoewono Aboeprajitno said yesterday that the island's environmental audit is still being processed.

Wiranto defends govt policy on compensation for Koja

Wiranto defends govt policy on compensation for Koja JAKARTA (JP): City Military Commander Maj. Gen. Wiranto has defended the administration's policy regarding the amount of compensation set for Koja residents, urging the residents to accept the money and move out of the area. Speaking to 50 Koja residents at the city military headquarters yesterday, the two-star general said that the residents had unlawfully occupied the plot, belonging to the state-owned PT Pelindo II.

Crime on the rise in Jakarta

Crime on the rise in Jakarta From Jayakarta The crime rate in the capital is definitely rising at an alarming rate according to newspaper reports. Hardly a day passes without the public being fed one crime story or another. We read about the merciless butchering of a whole family, and student brawls sparked off by drinking sessions or drug abuse. Such reports are, to say the least, frightening. The more so because in many cases juveniles are involved.

Vendors protest demolition plan

Vendors protest demolition plan JAKARTA (JP): About 40 street vendors operating on Jl. Matraman Dalam in Central Jakarta flocked to the Jakarta Legal Aid Institute yesterday, asking its lawyers to persuade local authorities to postpone the demolition of their stalls. According to the street vendors, who have been running their businesses there for 16 years, local authorities unexpectedly announced the demolition plan at a meeting with them on Sunday.

Journalists continue with plan to sue mayor

Journalists continue with plan to sue mayor JAKARTA (JP): Ten young journalists in Surabaya have appointed vocal lawyer Trimoelja D. Soerjadi to represent them in their libel lawsuit against the city's mayor for threats made against them last month. Trimoelja confirmed to The Jakarta Post by phone last night that he and several other Surabaya lawyers have been given the power of attorney in their court battle against Mayor Sunarto Sumoprawiro.

Tree felling

Tree felling From Republika I am very concerned with the way logs from West Kalimantan are being smuggled into Malaysia. According to the police who intercepted the activity recently, the wood is shipped in thousands of cubic meters. Timber companies allotted forest concessions have no concern for the forests' ecology. They are exploiting the forests with a ferocity that calls for a halt.

950,000 still illiterate

950,000 still illiterate INDRAMAYU, West Java: The illiterate population is declining in the province due to successful educational development, governor R. Nuriana claims. The number of illiterate people in the province currently stands at about 950,000. All people between seven and 44 are expected to be able to read and write by 1998, the governor said yesterday. According to the latest statistics, West Java has a population of 35 million. Meanwhile H. S.

15 million with cataract

15 million with cataract SEMARANG: An oculist from Diponegoro University's School of Medicine, Wilardjo, said that 3.3 percent of Indonesia's 15 million cataract sufferers have gone blind. Wilardjo, who is chairman of the Central Java Oculists Association, said that the figure does not include the number of those in the early phases of cataract. He said the association is researching ways to help people suffering from cataract.

South Korea upsets China in Asian shooting meet

South Korea upsets China in Asian shooting meet JAKARTA (JP): South Koreans handed mighty China a series of stinging blows on the second day of the 8th Asian Shooting Championships here yesterday when they romped home with four gold medals from the men's air rifle and women's prone small bore rifle. Defending champion China had to settle for the remaining two golds from the men's trap 150 targets, but it remained atop of the medal race with six golds, five silvers and a bronze.

To my brethern in East Timor

To my brethern in East Timor From Republika I greatly regret the actions taken by my East Timor brothers as reported in this paper recently. Just because you did not pass the test to become civil servants, you chose destructive ways to release your disappointment. Actually, as our youngest brother, you were given more attention compared to the other brothers.

Volcanic alert mechanism found lacking: Official

Volcanic alert mechanism found lacking: Official YOGYAKARTA (JP): A government official admitted yesterday that Indonesia needs to develop a more effective method of alerting people to imminent volcano eruptions. R. Sukhyar, the chief of the Volcano Analysis division at the Directorate of Volcanology, said methods are no longer effective in warning people living on or near active volcanoes.

Councilors waste Rp 1b funds

Councilors waste Rp 1b funds SEMARANG: The Surakarta chapter of the United Development Party accused provincial legislative council members of wasting state money. The money in question concerns the legislators' overseas trip that cost Rp 1 billion (US$435,000). "We don't see any point to the visit. They're only wasting the people's money," the party said in a written statement signed by party member Mudrick Setiawan.

External trade recovers after deficit

External trade recovers after deficit JAKARTA (JP): Indonesia's external trade, which plunged to a deficit of US$204.9 million in June, rebounded the following month with a surplus of $362.5 million, Minister of Information Harmoko announced yesterday.

Comments on Shelby's chess

Comments on Shelby's chess I am one of the loyal readers of The Jakarta Post; especially the Chess Section which interests me and has really broadened my perspective in chess games with my colleagues. But in the Post on Sept. 27, Shelby stated: "White gets a Bishop". This is not true and I think this is a blunder! Please consider: 1.e5 Bxe5. 2.Rb4 Qd7. This will neutralize and strengthen Black's position. And if forcing 3. Rxg6, Qxg6, etc.

What contemporary means to Chandralekha

What contemporary means to Chandralekha By C.G. Asmara JAKARTA (JP): When an event such as Art Summit Indonesia 1995: International Festival on Contemporary Music and Dance is finally realized and audiences begin to see various styles of dance and music side by side, night after night, various questions come to mind.

'Protection leads to monopoly'

'Protection leads to monopoly' JAKARTA (JP): The government's infant-industry protection for most of Indonesia's conglomerates in the last 25 years has pampered them and made them oligopolistic and monopolistic in nature, an economist says.

Progress made in investigation of brutal killing

Progress made in investigation of brutal killing JAKARTA (JP): City Police Chief Maj. Gen. Dibyo Widodo proudly announced yesterday that the investigation of Monday's brutal killing has made remarkable progress, but he declined to reveal the identities of any suspects. Police determined two strong possible motives: a love affair or a land dispute, one of which led to the brutal killing of a 31-year-old housewife and her three young children, he said here yesterday.

Our political communication

Our political communication Many of us probably greeted the comments made on Tuesday by State Minister of Environment Sarwono Kusumaatmadja with mixed feelings. On the one hand, it is certainly reassuring to know that someone so high up in the bureaucracy is aware of the need to bring order to the communication clutter in our society. On the other hand, however, it is far less encouraging to see that, even so, little or nothing has apparently been done to resolve the problem.

Student brawl in Kebayoran Baru

Student brawl in Kebayoran Baru JAKARTA (JP): A brawl involving more than 100 students of senior high schools broke out on Jl. Kyai Maja in Kebayoran Baru, South Jakarta. The students of a senior high school (SMA) on Jl. Bulungan, South Jakarta stoned a city bus carrying other high school students and attacked the students on the bus. Three military officers came and dispersed the attackers and then released the bus.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 4, 1995: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 2,250 0 0 AHAP Insurance 3,250 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 2,000 100 584,500 Aneka Kimia Raya 6,500 0 0 Anwar Sierad 1,075 -75 136,000 Aqua Golden Mississippi 2,400 0 0 Argha Karya Prima Industry 1,975 25 394,000 Argo Pantes 2,500 0 0 Asiana IMI Indusrties 900 0 0 Aster Dharma...

Are local films too heavily taxed?

Are local films too heavily taxed? By M.M.S. Marthawienata JAKARTA (JP): The Indonesian film industry has been faithfully contributing to the country's development in the form of various tax payments, especially in the regions, since in most regencies or municipalities the entertainment tax is still a major revenue earner.

Research on PETA history underway

Research on PETA history underway BANDUNG (JP): Work is currently underway to write a book on the history of Pembela Tanah Air (PETA), the militia set up during the Japanese occupation in 1942, beginning with interviews of some of the remaining survivors and compilation of official documents and records. On Tuesday, Gen.

Govt to further speed up development in eastern area

Govt to further speed up development in eastern area JAKARTA (JP): The government will continue to accelerate development in eastern provinces so that economic conditions there catch up with growth in the west, State Minister of Development Planning Ginandjar Kartasasmita said. He said in a hearing with the House of Representatives Tuesday that the government, therefore, will increase investments in eastern provinces during the current Sixth Five Year Development Plan period.

'Growth in capital mart should not hurt financial sector'

'Growth in capital mart should not hurt financial sector' JAKARTA (JP): Efforts to spur the growth of local capital markets should not necessarily sacrifice the country's financial sector, Bank Indonesia Governor J. Soedradjad Djiwandono said here yesterday. "It is true that low interest rates serve as an important factor for the development of our capital markets," Soedradjad said after addressing a two-day seminar on Asia Pacific Exchanges in the Borderless World.

Kartika Plaza hotel closed for immediate renovation

Kartika Plaza hotel closed for immediate renovation JAKARTA (JP): The four-star Kartika Plaza hotel on Jl. Thamrin in the heart of Jakarta has closed its doors for renovations. Hotel sources said yesterday the fate of the hotel's employees was still uncertain, including the separation pay to which they are entitled in the case of their dismissal. The renovation work is planned for April next year and is expected to take three years to complete.

Emha questions creation of new intellectual group

Emha questions creation of new intellectual group SEMARANG (JP): The establishment of the Association of Intellectuals for Pancasila Development (PCPP) may be part of a "bigger movement", according to controversial poet and playwright Emha Ainun Nadjib. "The PCPP is not solely an intellectual forum. It is being used to divert public attention from something bigger that is not yet transparent," Emha told reporters yesterday. So far, news about the PCPP has focused more on its establishment.

Prison complex catches fire

Prison complex catches fire SURABAYA: A handicraft center within the Kalisosok prison caught fire on Tuesday night. The three-hour fire that started at around 11 p.m. caused extensive damage but there were no casualties reported, Antara said yesterday. Ten fire engines were mobilized to put out the fire. Police said early investigations suggested that the fire may have been caused by burning sawdust.

New train to operate

New train to operate SURABAYA: The state-run railway company, Perumka, will launch a new express train next month to serve the busy Surabaya-Jakarta route. The train, Semberani, will be launched on Nov. 10, when Surabaya celebrates Heroes Day. Soedarjono, chief of Perumka's marketing division, told Antara that the train is meant to accommodate the rising number of people wanting to travel by rail. It will take 10 hours for the 364-seat train to cover the 850 kilometer distance, Soedarjono said.

Tower project

Tower project Looking at the picture in your Sept. 13 issue on the Business Page entitled Tower Project, I'm amazed. The project is estimated to cost about Rp 900 billion or more. It is saddening to look at the picture of the tower, which was designed by Chinese architects who were awarded the mega project. I know nothing technically, esthetically or philosophically about the tower. As far as beautiful Indonesian architect is concerned, your article on Sunday Sep.

RI firm buys stake in RP

RI firm buys stake in RP MANILA (AFP): Krover Ltd. of Indonesia, an investment holding firm, has acquired a 25 percent equity stake in Asian Petroleum Corp. of the Philippines, the local firm said in a filing with corporate regulators yesterday. Krover is to subscribe to 26 billion shares by converting loans to equity.

Mental illness mostly suffered by urban people

Mental illness mostly suffered by urban people JAKARTA (JP): The majority of people suffering from mental illness in Indonesia live in urban centers, according to a senior official of the Ministry of Health. Pressures from economic competitiveness have been named the prime reason for the high prevalence of psychological problems in Indonesia's big cities, Soejoga, the director general of Medical Services, said on Monday.

Honda in ASEAN program

Honda in ASEAN program MANILA (AFP): Japan's Honda Motor Co. Ltd. will set up a manufacturing plant for its exhaust manifolds under a special ASEAN program, a Honda official said yesterday. An initial 70 million pesos (US$2.69 million) will be invested by Honda for the plant, expected to produce 60,000 units each year to be exported to affiliates in other countries, said Honda Cars Philippines Inc. president Koji Miyajima.

U.S. offers credits to China, Indonesia

U.S. offers credits to China, Indonesia WASHINGTON (Reuter): The U.S. Agriculture Department said it offered a total of US$345 million in export credit guarantees to China, Indonesia, Slovakia, Poland and 19 African countries for fiscal 1996. Indonesia was offered $160 million to assist in buying U.S. farm goods, China $100 million, Poland $25 million, Slovakia $10 million and Southern African nations $50 million. All credits would come from USDA's GSM-102 short-term credit program.

'Free and active' foreign policy no longer relevant

'Free and active' foreign policy no longer relevant JAKARTA (JP): Indonesia's "free-and-active" foreign policy is no longer relevant because it was originally designed during the Cold War, an expert in international relations said yesterday. Now that the Cold War has ended and the New Order government under President Soeharto has other foreign policy priorities, Indonesia needs to reshape its foreign policy, Dewi Fortuna Anwar said in a seminar on politics.

Foreign investment in small businesses

Foreign investment in small businesses Future Japanese investments will be dominated by small and medium-scale businesses. This was disclosed by the Japanese foreign trade (Jetro) director, Masanori Osumi, to the press in Jakarta on Monday. According to Osumi, Jetro has received many requests for information on investment opportunities in Indonesia from Japanese small and medium-scale businesses.

Pribadi wins in Japan Open

Pribadi wins in Japan Open JAKARTA (JP): Indonesia's Dasantyo Pribadi took the gold medal in the welterweight division after beating his South Korean opponent in the final of the men's Japan Open international tae kwondo championships in Osaka, Japan. Indonesia sent a team of four and their South Korean coach, Oh Il-nam, to the prestigious invitational meet as Japan invited only a few select countries such as South Korea, Chinese Taipei, the United States, Canada and Italy.

Computer quiz at 'SCTV'

Computer quiz at 'SCTV' JAKARTA (JP): A quiz show about computer games will be aired on the privately-owned television network SCTV beginning Oct. 8 at 11.30 a.m. The program, which will be named Hewlett-Packard Komputeria will be sponsored by Info Komputer, a computer magazine, and the computer making company Hewlett-Packard. The program will be the first of its kind aired in Indonesia. P.M.

Agustin ousted from Wismilak Open

Agustin ousted from Wismilak Open JAKARTA (JP): Indonesia's Agustin Limanto was ousted yesterday from the WTA Tour Wismilak Open tennis tournament after a 6-2, 6- 3 loss to Annabel Ellwood of Australia at the Embong Sawo courts, Surabaya, during the tournament's first round. In the doubles, partnering with Maria Widyadharma, Agustin suffered another defeat. The pair succumbed to 6-1, 6-0 to second seed Nana Miyagi of Japan and Stephanie Reece of the United States.

91-km gas pipeline dedicated

91-km gas pipeline dedicated PALEMBANG, South Sumatra (JP): State-owned oil company Pertamina's president Faisal Abda'oe inaugurated a gas transmission project yesterday between Lembak and Palembang in South Sumatra worth Rp 71 billion (US$31.9 million). "This 91-kilometer pipeline was financed out of Pertamina's own funds," Abda'oe told reporters after the inauguration ceremony.

Cambodian soldiers killed in clash

Cambodian soldiers killed in clash ARANYAPRATHET, Thailand (Reuter): The Thai army said yesterday three Cambodian soldiers were killed after crossing into Thailand and clashing with Thai troops. Col. Anuphong Phaochinda, commander of a Thai army task force based on the Thai-Cambodian border, said some 20 Cambodian soldiers crossed into Thailand's Ta Phraya district late on Tuesday with the apparent intention of robbing Thai villagers.

E. Timor's Belo denies asking special status

E. Timor's Belo denies asking special status DILI (JP): East Timor Bishop Carlos Filipe Ximenes Belo has denied reports that he demanded East Timor be turned into an exclusive Catholic territory. Belo's message was carried by Vicar General of the Dili diocese Mgr. Jose Antonio da Costa in a press release made available yesterday. Costa said that he made the statement in consultation with Belo before the bishop left for the Vatican to meet with the pope.

Singapore hails German move to extradite Leeson

Singapore hails German move to extradite Leeson SINGAPORE (Reuter): The head of a crime-busting agency pressing for Nick Leeson extradition to Singapore said yesterday it was pleased with a German court ruling in favor of the British trader's return to the island state. Leeson, a 28-year-old Briton, has been held at a suburban Frankfurt jail since early March, when he was arrested at Frankfurt airport following a six-day international manhunt.

Bearings plant launched

Bearings plant launched JAKARTA (JP): PT NSK Bearing Manufacturing Indonesia, a manufacturer of ball bearings, announced it will soon open its first high-precision bearing manufacturing plant in Cibitung, Bekasi, West Java. NSK Indonesia is a subsidiary of Japan's NSK Ltd., which also owns manufacturing plants in the United States, Brazil, South Korea, Malaysia, Japan and European countries.

'Cyclo' causes a stir in Vietnam

'Cyclo' causes a stir in Vietnam HANOI (AFP): Cyclo, a French-backed film based on the life of a pedicab driver in Ho Chi Minh City, won plaudits and the top award at the Venice Film Festival but police in the Vietnamese city have given it the thumbs down. "The movie covertly blackens Vietnamese society and its content is very bad ideologically," said an article in the city's police newspaper, Cong An Thang Pho Ho Chi Minh, a tabloid-style publication that thrives on gruesome crime stories.