Indonesian Political, Business & Finance News

Archive: 18 December 1995

53 articles found

Work begins on Cikunir-Tanjung Priok toll road

Work begins on Cikunir-Tanjung Priok toll road JAKARTA (JP): Minister of Public Works Radinal Moochtar drove the first pillar for the construction of the turnpike linking Cikunir in Bekasi, East Java, and Tanjung Priok in North Jakarta on Saturday. The 19.2-kilometer Cikunir-Tanjung Priok road is part of the 60-km Jakarta outer ring toll road. PT Citra Bhakti Margatama Persada is charge of the construction of the Cikunir-Tanjung Priok toll road.

AIDS patient free to marry

AIDS patient free to marry PONTIANAK, West Kalimantan: Legal expert Anwar Saleh of Tanjungpura University said the law guarantees people with HIV or AIDS the right to marry and fulfill their "life's demands". "The law protects people's basic rights, in this case the right to marry," he was quoted by Antara as saying on Saturday.

Nissan to set up plants

Nissan to set up plants TOKYO (AFP): Japan's Nissan Diesel Motor Co. Ltd., an affiliate of Nissan Motor Co. Ltd., will produce commercial vehicles in Thailand, Malaysia and Indonesia, starting in 1997, Jiji Press said Saturday. The truck and bus manufacturer, owned 40 percent by the nation's second largest carmaker, aims to increase its market share in the three countries to as much as 25 percent under the project, the paper said.

First Dynasty mine in RI

First Dynasty mine in RI NEW YORK (Reuter): First Dynasty Mines Ltd. said it signed a memorandum of understanding with PT Aneka Tambang that will enable the two companies to examine and recommend privatization strategies, initially, for the Gunung Pongkor Gold Mine and related exploration properties.

JSX fails to sustain upward momentum

JSX fails to sustain upward momentum JAKARTA (JP): The Jakarta Stock Exchange (JSX) failed to sustain its upward momentum last week, following heavy bouts of profit taking during the week. The JSX Composite Index lost 13.8 points (2.7 percent) to close the week at 492.33. Having hit overbought indicators, the market rally lost its momentum as foreign and local players cashed-out on gains from the last two weeks.

Aurora to explore gold

Aurora to explore gold JAKARTA (JP): PT Aurora Gold Limited has started to explore gold in a 306,583-hectare concession area in Paniai, Fakfak and Manokwari in the easternmost province of Irian Jaya. Umar Katjili, the head of the economic department of the Paniai administration, said on Saturday that three companies are currently exploring for gold in Paniai. They are PT Mutiara, PT Dharma Bhakti and PT Nabire Bhakti Mining.

Tebet market traders upset

Tebet market traders upset JAKARTA (JP): Plans to build a new supermarket near the Tebet market have upset 480 nearby traders in South Jakarta. "The construction of the supermarket will put us out of business," a trader said over the weekend. The traders, who have been operating in the three-story market for more than 15 years, said their kiosks were built using bank loans. The traders said they are still trying to pay off their debts.

Sorong to receive more resettlers

Sorong to receive more resettlers SORONG, Irian Jaya: Eight resettlement locations in the regency are ready to take in a total of 7,450 families, which are to be resettled from various regions over the next two years. The head of the local Ministry of Transmigration office, Benyamin Botto Tandipayuk, said that of the eight locations, the Waigo location at the Teminabuan district will receive the most resettlers, with 1,600 families.

SE Asian Games end in style

SE Asian Games end in style CHIANG MAI, Thailand (Agencies): Thailand crowned its dominating athletic performance with a stunning display of pomp and pageantry yesterday to officially close the 18th Southeast Asian (SEA) Games. Watched by Privy Councillor and former Prime Minister Prem Tinnsulanonda, the SEA Games flag -- hoisted during the opening ceremony nine days earlier -- was lowered and handed to sports officials from Indonesia, where the 19th SEA Games will be staged in two years.

Tigaraksa to embrace French retail firm

Tigaraksa to embrace French retail firm JAKARTA (JP): PT Tigaraksa Satria, a publicly-listed distribution company, will cooperate with French retail firm Carrefour in expanding its business, corporate secretary Fauzy said over the weekend. Fauzy said that Tigaraksa, together with Carrefour, will set up a joint venture which will establish retail facilities in a number of Indonesian cities.

Housing price

Housing price It was shocked to read in the newspaper of Dec. 5, 1995, that there are now 189 apartment blocks in Indonesia (mostly in Jakarta) built in the past two years, whereas the same number of apartments were built in Singapore over a period of 30 years. This simple fact is indeed shocking because I believe it will have the following consequences: * Oversupply of apartments. * High potential for bad credits (there are now Rp 43 trillion in property business credits).

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.

Daekyung reaps benefits of transferring technology

Daekyung reaps benefits of transferring technology Last Friday Korean-Indonesian joint-venture PT Daekyung Indah Heavy Industry unveiled its first products for export, with executives paying tribute to the success of the three-year-old technology transfer enterprise. Ready for shipment at the company's plant in Cilegon, West Java, the 22 heat exchangers were inspected by Mr. Yoon Soonyong, Vice President of LG Engineering of South Korea, which is purchasing the units.

Pusri gets ISO-9002

Pusri gets ISO-9002 JAKARTA (JP): State-owned fertilizer manufacturer PT Pupuk Sriwijaya (Pusri) has received an ISO-9002 certificate for quality management. The ISO-9002 certificate was awarded by Erik Roger, the Indonesian director of the Britain-based international organization for standardization, SGS Yarsley International Certification Services.

UK offers scholarship

UK offers scholarship JAKARTA (JP): Indonesian citizens are invited to take part in a scholarship program sponsored by the British government and a brewing company to study for a Master's degree at the University of Leeds in the United Kingdom. Indria from PT Gitaswara Indonesia, sole distributors of the Guiness brewing products, announced on Saturday that the successful candidate will be able to choose one of eight alternative courses of study.

New rule on papers trading

New rule on papers trading JAKARTA (JP): Bank Indonesia, the central bank, has forbidden commercial banks to buy or endorse commercial papers issued by multi-finance companies. The ban was stipulated in central bank letter No. 28/1237/UPB3/AdB3, issued late last month. According to the letter, raising funds from banks through the issuance of commercial papers or in the forms of other short-term promissory notes is against the business guidelines imposed on multi-finance companies.

Govt denies drug prices here too high

Govt denies drug prices here too high JAKARTA (JP): The government has denied an allegation by a powerful consumer group that drug prices in Indonesia are among the most expensive in the Asia Pacific region. Iwan Darmansyah, an official of PT Askes, the state health insurance company, said on Friday that the allegation made by the Indonesian Consumers Foundation (YLKI) was totally groundless.

FurniFair reaps $7.8m

FurniFair reaps $7.8m JAKARTA (JP): The national 10-day furniture exhibition, FurniFair 96, which closed yesterday, has resulted in business transactions worth Rp 18 billion (US$7.86 million). According to a statement issued by the fair's organizing committee, transactions at the fair up its eighth day on Friday were higher than the target of Rp 17.5 billion. Aris M.

Fluor wins $465m contract

Fluor wins $465m contract JAKARTA (JP): Fluor Daniel, a U.S. engineering company, has won a contract worth US$465 million for the engineering, procurement of goods and the construction of a debottlenecking project at the Cilacap oil refinery, in Central Java. Fluor Daniel announced here Saturday that the contract from the state-owned oil company Pertamina also covers the building of a new lubricating oil plant at the Cilacap refinery complex. The project will cost $663 million.

Legislators check into land dispute

Legislators check into land dispute JAKARTA (JP): Members of the House of Representatives visited a disputed three-hectare plot of land in Perigi village, Tangerang, on Saturday. Abdul Samin, spokesman for the land owners, told the House members from the Indonesian Democratic Party faction, Sabam Sirait and Popo Sonadar Haroen, that the local residents are the legal owners of the plot also claimed by PT Pembangunan Jaya, the developer of the Bintaro Jaya housing complex.

Medal Tally

Medal Tally Gold Silver Bronze Thailand 157 98 91 Indonesia 77 67 77 Philippines 33 48 62 Malaysia 31 49 69 Singapore 26 27 42 Vietnam 10 18 24 Myanmar 4 21 37 Brunei 0 2 6 Laos 0 1 6 Cambodia 0 0 2

Pressure mounts on Haryanto to resign

Pressure mounts on Haryanto to resign JAKARTA (JP): The pressure on Minister of Transportation Haryanto Dhanutirto to resign has mounted in the wake of allegations of financial irregularities, nepotism and favoritism in his ministry. Demands are now being made that the Attorney General's office initiate an inquiry into the allegations, which were reported to President Soeharto by Inspector General for Development Kentot Harseno.

Officials told to be prepared

Officials told to be prepared JAKARTA (JP): City Council Speaker MH Ritonga said that administration officials will have to be well prepared morally to face future developments. At a Christmas celebration for City Hall employees on Saturday, he said the officials must not be complacent about their current achievements. "Officials who plan and carry out development must improve their religious lives so that they can work better in the future," Ritonga said.

Merauke Bridge

Merauke Bridge From Merdeka Thirty-four years after the Trikora (Threefold People's Command), which included the liberation of Irian Barat (now Irian Jaya), the development of the eastern part of Indonesia, particularly Irian Jaya, has been very slow. This is in spite of the President's speech before the plenary session of the House of Representatives on Aug. 16, 1995, which reiterated the need to accelerate development in this area.

Lawyer says some leaks are welcomed

Lawyer says some leaks are welcomed JAKARTA (JP): Vocal lawyer Luhut Pangaribuan said on Saturday that Minister/State Secretary Moerdiono's plan to launch an investigation into how classified government documents fell into the wrong hands misses the point. Luhut, the chairman of the Jakarta Legal Aid Institute, said that the state documents alleging the financial misconduct of a cabinet minister are of public interest.

Feisal to meet ulemas

Feisal to meet ulemas SURABAYA, East Java: Commander of the Armed Forces Gen. Feisal Tanjung will meet with hundreds of ulemas at the Sunan Ampel Grand Mosque tomorrow. Mosque spokesman Saleh Aldjufri told Antara on Saturday that the scheduled meeting is intended to establish closer ties between the umara (power holders or rulers) and religious scholars. It is also aimed at strengthening the roles of ulemas in preserving stability and security, he said.

Plastic in the reefs

Plastic in the reefs Diving in Bali is stunning, as everybody says. I experienced some diving in Lembongan, Amed, and found that the experience matched the descriptions of the beauty of diving in Bali. That was a year ago. The effect of diving touched me personally. I was able to get acquainted with many divers, meaning many new friends. My environmental consciousness also grew. Coral was no longer just Cousteau programs: It became real.

TV today

TV today TVRI 2:35 p.m. TV Series: Saber Rider and The Star Sheriff 3:05 Children's Program: Riang Ria 3:30 TV Series: The Crystal Maze 4:30 School Quiz: Cepat Tepat 5:00 Evening News 5:30 Technology 6:05 Nusantara, the Beloved Country: South Kalimantan 6:15 Village Program 6:30 Religious Teaching: Buddha 7:00 Evening News 7:30 TV Drama: Tembang Kota 8:05 TV Series: Santa Barbara 9:00 World News 9:25 Indonesian Music: Music Pilihan 10:25 Late News 11:35 Film Program 2 4:30 p.m.

Asia's LPG supplies pressure Mideast producers

Asia's LPG supplies pressure Mideast producers SINGAPORE (Reuter): Increased Southeast Asian and Australian production of liquefied petroleum gas (LPG) is expected to force Middle East producers to lower prices next year to maintain market share, industry sources said. In its latest term talks to renew LPG exports with Japanese importers, Kuwait Petroleum Corp (KPC) has slashed its offer price from the current US$41 to $30 a ton above Saudi Arabia's monthly Contract Price (CP).

A reason to try harder

A reason to try harder Indonesia's defeat in the Southeast Asian Games soccer match against question-mark Vietnam -- which had been away from the Games for decades -- and the first-day shock of seeing the marauding Thais win gold almost at will was a bitter pill for Indonesia to swallow. It certainly demoralized Indonesia's athletes competing in Chiang Mai.

Some athletes happy despite Indonesia's loss

Some athletes happy despite Indonesia's loss JAKARTA (JP): There was both laughter and tears on the part of athletes from 10 countries during the 18th Southeast Asian Games in Chiang Mai, Thailand, last week. Thailand's athletes are no doubt very happy about their success in dominating most sports during the Games and in dethroning previous overall champion Indonesia.

Man killed for stealing myna bird

Man killed for stealing myna bird JAKARTA (JP): A man was killed on Saturday for stealing a bird in Pondok Labu, South Jakarta. Twenty-nine-year-old Edy, known as a local thug, was attacked by an angry mob as he tried to sell the myna bird, which he had stolen from a local resident. Police officers said a security guard saw Edy steal the myna bird from Sukardi's house. However, the security guard was too afraid to do anything until he met Sukardi's son, Agung.

Police deployed for holidays

Police deployed for holidays SEMARANG, Central Java: Sixteen thousands police officers, or two-thirds of the total police force in the province and the special region of Yogyakarta, will be deployed to safeguard Christmas and New Year's celebrations. Code-named Lilin Candi (The Candle of the Temple), the police operation will also involve personnel from the local military command, the Jasa Raharja insurance company and the Red Cross and the fire brigades. Police spokesman Lt. Col.

CANDLE OPERATION:

CANDLE OPERATION: JP/byi City Police Chief Maj. Gen. Dibyo Widodo officially deployed the team to secure Christmas and New Year's celebrations this year. As many as 7,500 police officers and 3,000 servicemen took part in the roll call for the operation code-named Operasi Lilin (Candle Operation). The roll call took place at the Senayan east parking lot, Central Jakarta. City Military Commander, Maj. Gen. Wiranto, also attended the ceremony.

Karawaci faces growing traffic problem

Karawaci faces growing traffic problem TANGERANG, West Java (JP): Motorists have been complaining about growing traffic congestion around the massive Lippo Karawaci shopping center as more stores, restaurants and other businesses open there. The traffic flow reached a peak on Dec. 3 when about 300,000 visitors went to the super mall for shopping on the Sunday the Mega M department store opened at the end of November.

Paul Keating in town for security agreement

Paul Keating in town for security agreement JAKARTA (JP): Australian Prime Minister Paul Keating arrived here last night on an official visit to witness the signing today of the security agreement between his country and Indonesia. Keating's entourage consists of Foreign Minister Gareth Evans, Defense Minister Robert Ray and Armed Forces Commander General John Baker.

Jakarta gets new international standard school

Jakarta gets new international standard school JAKARTA (JP): Minister of Education and Culture Wardiman Djojonegoro inaugurated a new international standard school, Global Unggul Jaya, in Tangerang, West Java, on Saturday. Like other schools of its kind, Global Unggul Jaya, which opened five months ago, offers international teaching and learning methods based on the local curriculum. As a consequence, English is taught more and the language training begins at earlier ages.

Vietnam opens rail crossings

Vietnam opens rail crossings HANOI (AFP): Vietnam and China are expecting to open their cross border railroads by the lunar new year holidays in February, renewing links severed 16 years ago, a report said yesterday. Since the reopening of the line was agreed during a visit last month to Beijing by Communist Party General Secretary Do Muoi, additional facilities have been installed at railway stations on the Vietnamese side, the Vietnam Investment Review said.

Results

Results CHIANG MAI, Thailand (AFP): Results from the last day of the Southeast Asian Games yesterday: Billiards and snooker 9-ball rotation doubles: 1. Philippines 2. Indonesia 3. Malaysia Sepak takraw Inter-regu: 1. Thailand 2. Singapore 3. Indonesia Water polo 1. Singapore 2. Thailand 3. Philippines 4. Indonesia Equestrian three-day event Team: 1. Singapore 2. Thailand 3. Indonesia Individual: 1. Torsak Tip-pairote (Tha) 2. Husref Abdul Malek (Mas) 3.

Sempati office burglarized

Sempati office burglarized From Republika In less than a year the office of Sempati Air's district general manager at Soekarno-Hatta Airport has been burgled four times, the last burglary being on Nov. 7, 1995. A number of items were stolen, including three computers and a printer, two facsimile machines, two radios, two electric typewriters and some clothing. These burglaries have occurred since we moved from Terminal A (in Terminal I) to Terminal D (in Terminal II) on the first floor.

Menteng residents consume most fat

Menteng residents consume most fat JAKARTA (JP): Residents of the Menteng area in Central Jakarta consume more fat than people living in other areas of the capital. Harmani Kalim, a cardiologist from the Indonesian Cardiologist's Association said on Saturday that a survey conducted by the Ministry of Health showed that 32.3 percent of the food consumed by Menteng residents consisted of fat.

Indonesia needs more fishing boats: Minister

Indonesia needs more fishing boats: Minister JAKARTA (JP): Indonesia needs at least 3,000 additional fishing vessels to optimize the country's fishery activities, Minister of Agriculture Sjarifudin Baharsjah said. Antara quoted Sjarifudin who was on a visit to Palu, Central Sulawesi, as saying that additional fishing fleets were also needed to improve the welfare of Indonesia's fishermen who currently have among the lowest incomes in the country.

20 in Merauke die of diarrhea

20 in Merauke die of diarrhea JAYAPURA, Irian Jaya: Twenty people have died of diarrhea and cholera in the past month, Antara reported Saturday. The agency quoted Dr. Benyamin Simatupang, the head of the local Ministry of Health office, as saying that a diarrhea outbreak has hit Simsagar village in the Pantai Kasuari district, while cholera hit the Sawa Erma district. The districts, both in the Merauke regency, have been experiencing the health problems since November.

International networking called for

International networking called for JAKARTA (JP): Indigenous businessmen should employ the international networking of Chinese, Japanese, European and American entrepreneurs to better make their way into foreign markets, a local businessman said Saturday. "They are currently in control of the world economy.

Education minister supports elite schools

Education minister supports elite schools JAKARTA (JP): Minister of Education and Culture Wardiman said on Saturday that he supports the setting up of special schools for gifted and talented students. Wardiman said the establishment of elite schools would not be unfair to other public schools. "Every student, either from public schools or elite ones, is a national asset which is very important to the progress of our development in the future," the minister said.

Chief of RI contingent resigns after defeat

Chief of RI contingent resigns after defeat JAKARTA (JP): Indonesia's failure to keep its overall title at the 18th Southeast Asian Games in Chiang Mai, Thailand, has prompted the head of the Indonesian contingent to resign. Arie Sudewo said his resignation, which was delivered in a statement yesterday hours before the Games closing ceremony, was a consequence of Indonesia's inability to retain the overall title. Arie said he was ultimately responsible for failure at the Games.

Australia warmly hails ASEAN anti-nuclear pact

Australia warmly hails ASEAN anti-nuclear pact SYDNEY (Agencies): Australia warmly welcomed the signing of a treaty banning nuclear arms in Southeast Asia as a step towards the goal of a nuclear weapon-free world, Foreign Affairs minister Gareth Evans said. "It is a concrete step toward the ultimate goal of a nuclear weapon-free world," Evans said in a statement Saturday.

Indonesia-Australia security agreement

Indonesia-Australia security agreement Australia's Prime Minister, Paul Keating, announced on Thursday that at the beginning of this week an Australian- Indonesian security agreement will be signed in Jakarta in the presence of government leaders, a number of cabinet ministers and the armed forces' chief commanders from both sides.

Medical schools should reorient, update programs

Medical schools should reorient, update programs JAKARTA (JP): Indonesian medical schools should change their orientation from public service to high technology in line with the new global trend, according to Dr. Merdias Almatsier. Almatsier, deputy chairman of the Indonesian Medical Association, told a seminar over the weekend that Indonesian medical schools are still preparing graduates to work in public health centers, while the global trend is technology-oriented.

Indonesia's rubber exports increase

Indonesia's rubber exports increase JAKARTA (JP): Indonesia's revenues from natural rubber exports are projected to exceed US$1.85 billion this year, as compared with $1.27 billion in 1994, according to Harry Tanugraha, a former executive director of the Indonesian Rubber Association. Harry said on Saturday that the increase in export revenue is a result of a 60-percent rise in prices on world markets.

Insurer expands business

Insurer expands business JAKARTA (JP): PT Astra Jardine CMG Life, a joint insurance venture, is expanding its business and stepping up its marketing strategy by opening new offices in Jakarta; Bandung, West Java; Surabaya, East Java; and Medan, North Sumatra. The company said in a statement here over the weekend that the Medan office would be opened next month, while the others were inaugurated last week.

Support for ICMI

Support for ICMI I refer to the interview of Bisnis Indonesia with Adi Sasono, the secretary-general of ICMI (Association of Indonesian Moslem Intellectuals), which appeared in that newspaper's third Sunday edition in December 1995. Certain points drew my attention. Adi spoke of a catalytic function; an effort to actualize mobilize the lower layers of society, translating official policies into practice -- for example, the effort to bring about greater social equity.

RI needs more gynecologists

RI needs more gynecologists JAKARTA (JP): Indonesia's population of 196 million people is served by only 800 gynecologists, most of whom practice in urban centers. Gulardi H. Wiknjosastro of the University of Indonesia in Jakarta says this shortage of gynecologists is the main reason why the pre-natal and post-natal mortality rates remain high in Indonesia.