Indonesian Political, Business & Finance News

Archive: 21 November 1995

41 articles found

Surveyor Indonesia told to diversify its products

Surveyor Indonesia told to diversify its products JAKARTA (JP): State-owned PT Surveyor Indonesia was told by the government yesterday to diversify its services to anticipate the possible removal of its core business, the pre-shipment inspection of imports. When opening the company's two-day international workshop here yesterday, Director General for State-owned Enterprises Bacelius Ruru said the company could now start offering services related to its core business.

Country needs 'loyal' people

Country needs 'loyal' people JAKARTA (JP): Commander of the Armed Forces (ABRI) Gen. Feisal Tanjung said Indonesia needs more people who are dissatisfied with current developments, yet trust the system enough to strive for improvements from within. People who are dissatisfied and yet loyal to the state ideology Pancasila and the constitution will strive to make the nation progress even farther, Feisal told a meeting of the chiefs of military district commands in Bandung, West Java, yesterday.

Finance officials reshuffled

Finance officials reshuffled JAKARTA (JP): Finance Minister Mar'ie Muhammad installed yesterday Dono Iskandar Djojosubroto, former chief of the Agency for Financial and Monetary Analysis, as the new secretary-general of his ministry, replacing Jusuf Anwar. Jusuf was immediately assigned to head the ministry's Education and Training Agency. He replaced Marzuki Usman, who was appointed as Dono's successor.(vin)

Media told not to disturb development

Media told not to disturb development JAKARTA (JP): President Soeharto yesterday called on the media not to hinder the development process but instead help prepare the country for free trade in the Asia-Pacific region. Soeharto warned that any "false reports" might make the people restless. As a result, people would be unable to live up to their full potential, and would be in doubt, thus making them unable to concentrate on development.

'Bung' Tomo a national hero

'Bung' Tomo a national hero From Kompas While watching an TVRI/SCTV news broadcast the other day, I was surprised to learn that Bung Tomo was awarded the honor of national hero.

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Arya Duta, Jl. Prapatan 44-48,Central Jakarta: - Ambiente Italian Restaurant: Bonauli vocal group, Monday and Wednesday from 7 p.m. to 1.p.m.; Los Morenos, Tuesday, Thursday and Sunday from 7 p.m to 11 p.m. - The Tavern Pub: Yeah Yeah Boys, Sunday and Thursday,9.30 p.m to 1 a.m ; Geometrics Band, Monday to Saturday from 9: 30 p.m to 2 a.m.; Yeah yeah Boys Thursday 9 p.m. to a.m.: Front line Band, Friday from 9: 30 p.m. to 2 a.m. * Century Park Hotel, Jl.

Canada, RI to open air link

Canada, RI to open air link JAKARTA (JP): Canada and Indonesia agreed yesterday to open air links between the two countries in the near future. A spokesman for the Ministry of Transportation, Bambang Ervan, said that a preliminary accord was reached here yesterday during a meeting between Minister of Transportation Haryanto Dhanutirto and his Canadian counterpart, Douglas Young.

Bekasi's arable land sacrificed for projects

Bekasi's arable land sacrificed for projects By Sri Murniati BEKASI (JP): The rapid development of Bekasi, a satellite town some 20 kilometers east of Jakarta, is beginning to concern locals, as thousands of hectares of arable land are turned into industrial and residential estates. Bekasi, formerly known as one of West Java's rice centers along with Karawang, Subang and Indramayu, has abandoned traditional farming for the trappings of modern urban development.

Justice: A bulwark or a mirage?

Justice: A bulwark or a mirage? By G.S. Edwin JAKARTA (JP): O.J. Simpson's not guilty verdict created a storm in the USA. One group was jubilant and celebrated, another angry and furious. High profile cases are a curse. They cause dismay that justice gets contaminated by circumstances: by fears, passions and prejudices of a society.

Govt foreign debt drops to $61.3 billion

Govt foreign debt drops to $61.3 billion JAKARTA (JP): The government's foreign debt amounted to US$ 61.3 billion as of September, Minister of Finance Mar'ie Muhammad in a hearing with the budgetary commission of the House of Representatives here yesterday. Set against the $64 billion -- the total amount of official foreign debts as of May, which the central bank announced in June -- Mar'ie figure represented a significant decline.

Economic growth

Economic growth Regarding the seven percent growth predicted for 1996 (The Jakarta Post, Nov. 8, 1995), I would like to ask the economists: Did they include the informal economy? Evaluating economic growth based on traditional economic tools may not tell the whole story. Overlook the informal sector and you would be barking up the wrong tree.

Aussies await overdue trial

Aussies await overdue trial MEDAN, North Sumatra: Two Australian tourists in Mount Sitoli, Nias Island, are still awaiting their trial despite having been in custody for a year. J. Sharland, 28, and Sean P. Philips, 29, were arrested Nov. 28, 1994 for allegedly possessing illegal substances. During the initial hearing the two denied the charges and have since been waiting for the continuation of their trial, which has been indefinitely postponed since last June.

Golkar's win doesn't harm democracy

Golkar's win doesn't harm democracy JAKARTA (JP): Golkar officials are trying to placate critics who claim that democracy will perish if the ruling political group clinches a landslide victory in the 1997 election. Golkar chief Harmoko said Sunday that some groups were out to spread false information about the dangerous implications of a Golkar victory.

Frying pan wins design contest

Frying pan wins design contest JAKARTA (JP): A frying pan and a bowl for grinding chili took first and second place in a recent national industrial design contest. The winners of the "Eating Utensils" contest received their prizes yesterday from Tuti Try Sutrisno, wife of Vice President Try Sutrisno. Widagdo, the chairman of the Indonesian Design Council and a jury member in the contest held by the National Design Center, said only 29 of 40 entrants were fit for selection.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 20, 1995: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 900 -100 7,500 AHAP Insurance 3,225 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 1,525 -100 232,500 Aneka Kimia Raya 5,400 -200 156,500 Anwar Sierad 975 0 66,500 Aqua Golden Mississippi 2,400 0 0 Argha Karya Prima Industry 1,850 0 0 Argo Pantes 2,075 0 0 Asahimas Flat 2,250 -75 139,000 Asiana IMI...

Tourist officials meet in Surabaya

Tourist officials meet in Surabaya JAKARTA (JP): Government officials and tourist industry executives of the Association of Southeast Asian Nations (ASEAN) will meet in Surabaya, East Java, from Jan. 6 to Jan. 12 in an annual forum to discuss cooperation in promotion and marketing. The meeting, called the ASEAN Tourism Forum 1996, will feature 500 booths, half of which will be allocated to Indonesian participants and the other half to foreign representatives.

SEAG medalists to get bonuses in form of insurance

SEAG medalists to get bonuses in form of insurance JAKARTA (JP): The National Sports Council (KONI) will award Rp 25 million (US$ 11,300) in the form of a five-year insurance policy to each Indonesian athlete that wins a gold medal at the 18th Southeast Asian Games in Chiang Mai, Thailand. The recipients may take Rp 5 million every year, along with the interest.

City transportation an ordeal

City transportation an ordeal From Berita Buana As a new comer to Jakarta, I feel miserable. I find it awfully difficult to use public transportation here. Even if you wish to take a taxi, you have to wait hours to get one. The situation is even worse for my children. They have to run after the bus while it is still in motion in order to get themselves aboard. And they often have to stand on the door sill of the bus because every inch of space inside is full. Oh my God!

Standard Chartered Bank clarifies

Standard Chartered Bank clarifies JAKARTA (JP): The Standard Chartered Bank has said it has no connection with the bank promoters who staged a two-day sit-in at the bank headquarters last week. Rina Djamal, spokeswoman for Standard Chartered Bank, said yesterday that the bank uses the services of Jet 2000, the company which employs the card promotions representatives who staged the protests from Nov. 16 to Nov. 17.

Aromatic feedstock limited in local market

Aromatic feedstock limited in local market JAKARTA (JP): The domestic supply of feedstocks for the petrochemical industry will be severely limited in the years to come, Hadiono Sutirto, head of Pertamina's gas and petrochemical division, said yesterday. Sutirto told a seminar on aromatics that the supply of naphtha, one of the main basic ingredients for petrochemicals, from Pertamina's refineries would decrease steadily as a result of the steady increase in domestic fuel consumption.

Sun Hung Kai

Sun Hung Kai Correction: PT Sun Hung Kai Securities Indonesia, whose license was suspended last week by the Capital Market Supervisory Agency (Bapepam), is 85 percent owned by Sun Hung Kai Securities Ltd. of Hong Kong, 7.5 percent by Utomo Josodirdjo and 7.5 percent by the late businessman Omar Abdalla. Sun Hung Kai is not an affiliate of a Korean company as reported on this page last Saturday. We apologize for the error. -- Editor

Aztech expansion in Batam

Aztech expansion in Batam SINGAPORE (Reuter): Multimedia company Aztech Systems is planning to open a second offshore plant in Batam, Indonesia, the Business Times said. The newspaper quoted Aztech's president Michael Mun as saying the plant would cost Singapore US$20-S$30 million. Aztech officials were not immediately available for comment. The plant is expected to begin construction early next year and start production by end-1996.

Bandung ready to host Champions Cup quarters

Bandung ready to host Champions Cup quarters BANDUNG (JP): The Asian Football Confederation found yesterday no reasons to worry about letting Persib Bandung host the Asia Club Championship Group East quarterfinals here. AFC's envoys led by R. Indran completed their second inspection of Bandung's Siliwangi stadium with a sigh of relief yesterday. They hinted that Persib need only wait for formal approval from AFC tomorrow.

Chinese paintings to be displayed

Chinese paintings to be displayed JAKARTA (JP): A total of 300 oil paintings by 90 Chinese painters will be displayed at the Jakarta Fairground from Nov. 25 to Dec. 10. The chairperson of the organizing committee, Dewi Motik Pramono, said on Saturday that the exhibition is aimed at presenting the best paintings and uniting China's best painters in one exhibition. "Such a masterpiece exhibition rarely happens in China," she said.

KONI gets Rp 1.6b for Olympic Games

KONI gets Rp 1.6b for Olympic Games JAKARTA (JP): The National Sports Council (KONI) received Rp 1.6 billion (US$711,000) yesterday from Citibank to finance the Indonesian team's preparation for the 1996 Olympic Games in Atlanta, USA. The donation was the first ever given by a foreign company for Indonesia's Olympics-bound squad.

A new trend?

A new trend? Despite all the criticism that has been aired, it now seems that the construction of a Rp 7.2 billion mansion for Central Java's provincial governor in Semarang will go on as planned. As reported by the press, Governor Soewardi has made it clear that building the mansion is essential because Central Java's provincial capital still lacks facilities which can be considered adequate for accommodating official guests.

Timorese youths denounce asylum seekers

Timorese youths denounce asylum seekers JAKARTA (JP): One hundred Timorese youth demonstrated at the House of Representatives yesterday to express disgust at the waves of East Timorese seeking asylum through various foreign embassies here. As the demonstrators pledged their allegiance to the country yesterday, a group of four Timorese youths entered the French Embassy to seek asylum.

Five central banks tie in cooperation

Five central banks tie in cooperation By Hendarsyah Tarmizi HONG KONG (JP): Central banks and monetary authorities from Indonesia, Malaysia, Thailand, Hong Kong and Australia agreed in a meeting here yesterday to cooperate in curbing possible speculative attacks on their currencies. The cooperation included the signing of a memorandum of understanding on the repurchase of U.S.

Orphans to join drawing contest

Orphans to join drawing contest JAKARTA (JP): The Jakarta Hilton International will invite 50 orphans from the Desa Putra Orphans' Home, Lenteng Agung, South Jakarta, to join a drawing contest. The contest, with Christmas as its theme, will take place in the Hilton's Anggrek Room, Executive Club, at 10 a.m., Saturday, Nov. 25. The participants will have breakfast with the Hilton management before the contest begins. Jakarta Hilton officials, including Vlademir A.

Istiqlal Festival

Istiqlal Festival From Kompas I visited both the first and the second Istiqlal Festival. I was impressed. I admired the works of art and the historical Islamic items displayed. Moslems from various provinces and walks of life visited the festival. However, I was very disappointed to notice the dirt surrounding the Mosque. The premises was littered with garbage. The atmosphere was hectic and noisy, far from comfortable. The committee should anticipate this by providing sufficient garbage cans.

RP, U.S. sign air pact

RP, U.S. sign air pact MANILA (AFP): The Philippines and the United States signed an aviation agreement yesterday expanding cargo rights to U.S. carriers but deferring the implementation of an "open skies" policy. "The accord is a partnership in the truest sense because it broadens opportunities for carriers on both sides -- for the Philippines and for the United States -- by increasing the number of cargo and passenger flights," U.S. Transport Secretary Federico Pena told a news briefing here.

Librarians asked to widen knowledge

Librarians asked to widen knowledge JAKARTA (JP): Vice President Try Sutrisno yesterday told Indonesian librarians to broaden their knowledge and keep up with scientific and technological advances. Opening the seventh congress and national seminar of the Indonesian Librarians Association, Try said Indonesia needs "a great number of quality librarians" in order to deal with the rapid flow of information and scientific development.

Police say they lack evidence of gambling on ships

Police say they lack evidence of gambling on ships BANDUNG (JP): Police do not yet have enough evidence to arrest people for gambling on board vessels berthed at Tanjung Priok port, North Jakarta. National Police Chief Gen. Banurusman Astrosemitro said yesterday the police could not act solely on the basis of media reports. He said he wants the gamblers caught red-handed so the police can get firsthand information on how the gambling organizers manage games of chance aboard ships.

Two street hoodlums jailed for attacking two police officers

Two street hoodlums jailed for attacking two police officers JAKARTA (JP): The South Jakarta District Court yesterday sentenced two street hoodlums to four years and three years and ten months respectively for attacking police officers in the Blok M shopping area. Presiding Judge Ida Bagus Ngurah Somya stated that Amirzan Liskaloho and Zulkifli Nahumaruri were proven guilty of attacking Capt. Arman Depari and Lt.

Risjad Brasali issues convertible bonds

Risjad Brasali issues convertible bonds JAKARTA (JP): PT Risjad Brasali Styrindo -- producer of acrylonitrile butadine styrene (ABS), styrene acrylonitrile (SAN) and expandable polystyrene (EPS) -- issued mandatory convertible bonds worth US$25 million yesterday. The bonds will have a coupon rate of one percent per annum and will mature in 2002.

500 evicted from Perumka land

500 evicted from Perumka land JAKARTA (JP): About 100 homes, occupied by more than 500 people staying on company land, were demolished by the state- owned railroad company Perumka, yesterday. The demolition started at about 8:00 a.m. by Perumka in cooperation with personnel of the Jakarta military command and the local administration, especially the Senen district administration. R.

Ginandjar meets with NGOs over his remarks

Ginandjar meets with NGOs over his remarks JAKARTA (JP): State Minister of National Development Ginandjar Kartasasmita yesterday met with activists of several non- governmental organizations (NGOs) who resented his recent remarks accusing them of maligning Indonesia abroad. The executive director of the Institute for Policy Research and Advocacy (ELSAM), Abdul Hakim Garuda Nusantara, told The Jakarta Post he was happy with the meeting.

Separatists abduct 30 villagers

Separatists abduct 30 villagers JAYAPURA, Irian Jaya: Guerrillas from the Free Papua Movement have reportedly abducted 30 residents of Akcan village, Merauke regency, and headed for the Papua New Guinea border. Quoting sources at the Trikora military command, Antara reported yesterday the abduction is part of a rebel campaign in the area, which began on Nov. 8 and has since resulted in the death of one soldier.

TV today

TV today TVRI 2:35 p.m. TV Series: Hassai Sensei 3:05 Dilentasia 3:30 TV Series: Shingen 4:30 Science Program 5:00 Regional News 5:25 Face Of My Country 5:30 English Program 5:30 Nusantara, The Beloved Country: North Sulawesi 6:15 Village Program 6:30 Religious Teaching Terbuka 7:00 Evening News 7:30 Wawasan 8:05 TV Drama Modern 9:00 World News 9:25 Film: Earth 10:55 Late News 11:05 Music: Nada Dan Irama Program 2 4:30 p.m.

National discipline

National discipline Speaking about national discipline, I really appreciate all opinions that concern the issue, as long as the opinions do not blame each other. The latest measure taken in the framework of the national discipline campaign is that the city military command fielded about 15,000 volunteers in the streets, with the task of helping the police regulate traffic. I appreciate the volunteers wearing jackets with the inscription Kader Penegak Disiplin (cadre of the discipline campaign).

Floods hit West Aceh

Floods hit West Aceh BANDA ACEH, Aceh: Incessant rains since Sunday have submerged thirty six villages and dozens of hectares of paddy fields in West Aceh. Hundreds of cattle have also been lost in the floods. The head of the West Aceh office of the Ministry of Social Services, Ibnu Hajar, told Antara yesterday that a young boy has also been killed by the floods, which were caused by overflowing from the major rivers in the area.