Indonesian Political, Business & Finance News

Archive: 19 December 1995

47 articles found

Shopping malls

Shopping malls I would like to add my congratulations concerning the Sunday features; they seem to be well-researched and present fair appraisals. Paul Guerin made some valid points on the proliferation of shopping malls in Jakarta, taking a stance against the property consultants (The Jakarta Post, Nov. 26, 1995) My experience is more with marketing, market research and feasibility study agencies.

Golkar prepared for poll debates

Golkar prepared for poll debates JAKARTA (JP): A senior Golkar member said yesterday that the ruling political group is ready to campaign for the 1997 general election in indoor debates rather than outdoor rallies. State Minister of Environment Sarwono Kusumaatmadja said Golkar had been pushing, since 1987, for electoral regulations which lay stress on political debates instead of outdoor political rallies.

Lending and borrowing of securities start soon

Lending and borrowing of securities start soon JAKARTA (JP): The Jakarta Stock Exchange (JSX) and the Indonesian Securities Clearing Depository (PT KDEI) are currently preparing a mechanism for the lending and borrowing of securities on the capital market. A director of the JSX, Stanyslaus Say, told The Jakarta Post yesterday that the new capital market law, which will come into force next month, allows the lending and borrowing of securities.

ASEAN towards 2000

ASEAN towards 2000 Besides the landmark security treaty that declares the whole of Southeast Asia a nuclear-weapons-free zone, several other strategic decisions and agreements were made during the meetings of the Association of Southeast Asian Nations (ASEAN) in the Thai capital Bangkok last week. The combined results of the meetings pave the way for ASEAN to play a much bigger international role in the 21st century.

No Paper

No Paper In observance of the Ascension Day of Prophet Muhammad tomorrow, The Jakarta Post will not be published. The Post will reappear on Thursday. -- Publisher

University probes students' conduct

University probes students' conduct SEMARANG: The administrators of state-run Diponegoro University said the names of two students studying there match names on a list of people whom the authorities said took part in recent anti-government demonstrations in Jakarta.

RI's coffee output down

RI's coffee output down LONDON (Reuter): British trade house E D & F Man cut its estimate for Indonesia's 1995-1996 coffee crop to 6.2 million 60- kilo bags from a previous figure of 6.8 million but said preliminary expectations are for a crop of seven million in 1996- 1997. "Exceptionally dry weather just before the flowerings...hit the 1995-1996 crop," Man said in a coffee market report.

More protests being staged against Haryanto

More protests being staged against Haryanto JAKARTA (JP): Three groups held separate demonstrations in Jakarta yesterday over the government's disclosure that Minister of Transportation Haryanto Dhanutirto is under investigation for alleged misconduct. Forty students from the Association of Moslem Students and the Communication Forum for Islamic University Students filed petitions at the Attorney General's Office demanding a thorough investigations into the allegations.

RI, Australia sign accord on security

RI, Australia sign accord on security JAKARTA (JP): Indonesia and Australia yesterday added further substance to their warming relations, signing a security agreement which officials hope will lay to rest any fears toward Jakarta. The Agreement on Maintaining Security was signed yesterday afternoon by Indonesian Foreign Minister Ali Alatas and his Australian counterpart Gareth Evans at the Merdeka Palace, witnessed by President Soeharto and Prime Minister Paul Keating.

Manggala Health Screening Center

Manggala Health Screening Center From Kompas Last November my company sent its employees for a general checkup to the Manggala Health Screening Center in the Manggala Wanabhakti building on Jl. Gatot Subroto, Jakarta. Manggala's service turned out to be time consuming and lacking in professionalism. The checkup took up to six hours, not because of the great number of tests but because of the waiting time between tests.

ISO-9002 given to Inti's management

ISO-9002 given to Inti's management BANDUNG, West Java (JP): PT Industri Telekomunikasi Indonesia (Inti), the state-owned telecommunications equipment manufacturer, yesterday received an ISO-9002 certificate for its management. The ISO-9002 certificate was awarded by Christiaan W. Bekker, the project coordinating manager of PT Kema Registered Quality Indonesia, which represents the Netherlands-based NV Kema Netherlands standardization organization.

U.S. suspends visa processing

U.S. suspends visa processing JAKARTA (JP): Two hundred people applying for visas at the United States embassy in Jakarta complained yesterday that embassy was refusing to process their applications. Craig J. Stromme, the United States Information Service (USIS) attache confirmed that the embassy has suspended visa processing due to a lack of U.S. government funding authority and the consequent furloughing of personnel.

Killing corruption to aid nation

Killing corruption to aid nation The allegation of corruption in the Ministry of Transportation has made recent headlines. Law expert Charles Himawan looks at the issue from a broader perspective. JAKARTA (JP): Cynical observers have described Indonesia's progress as "development with an envelope", stuffed with money, or "devlope", short for development hand in hand with corruption.

Painting expo in Bandung

Painting expo in Bandung BANDUNG, West Java: Twenty-five Indonesian painters will hold a month-long exhibition starting Wednesday at Topas Galeria. Minister of Tourism, Post and Telecommunication Joop Ave is scheduled to open the exhibition which will display more than 200 works from leading artists in the country, including the late Affandi, Kartika (Affandi's daughter), and Popo Iskandar.

Brand masters plan battle in Jakarta

Brand masters plan battle in Jakarta JAKARTA (JP): Two grandmasters, Indonesia's Utut Adianto and Great Britain's Nigel Short, will test each other's nerve in a series of chess duels beginning on Thursday. Utut, ranked 70th in the world, and Short, ranked 15th, will fight for the US$ 15,000 cash prize in a six-round tournament held at Hotel Indonesia.

RP's forex reserves rise

RP's forex reserves rise MANILA (AFP): Philippine commercial banks registered US$9 billion in foreign currency deposits at the end of November, central bank governor Gabriel Singson said yesterday. He said the figure was $2 billion up from the same month a year earlier. November's figure was also up from US$8.719 billion in October and $8.486 billion in September.

Savoy Homann to convert Kota buildings into hotel

Savoy Homann to convert Kota buildings into hotel JAKARTA (JP): State-owned trading company PT Cipta Niaga signed an agreement yesterday with hotel-chain operator PT Savoy Homann for the conversion of vintage buildings owned by Cipta in Kota, North Jakarta, into a hotel. Cipta Niaga president Eddie M. Gunadi said the conversion of the buildings, which were erected in the 17th century by the Dutch colonial administration, will cost about US$10 million, of which 55 percent will be borrowed.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 18, 1995: Shares Close Change Trading Volume ------------------------------------------------------- Ades Alfindo 825 0 0 AHAP Insurance 3,200 0 0 Alumindo Perkasa 1,200 0 0 Andayani Megah 1,650 0 13,000 Aneka Kimia Raya 6,000 0 0 Anwar Sierad 1,050 25 178,000 Aqua Golden Mississippi 1,750 0 0 Argha Karya Prima Industry 2,025 0 132,000 Argo Pantes 2,075 0 0 Asahimas Flat 2,250 -50 10,500 Asiana IMI Industries 1,100 0...

Tebet traders upset at chain store plan

Tebet traders upset at chain store plan JAKARTA (JP): Thirteen people, representing 480 traders at the Tebet Barat market, South Jakarta, complained to the City Council yesterday about the market cooperative's plan to lease part of the market building to a department store. The traders said efforts to communicate with the market authority were fruitless, so they turned to the council for help.

Two police officers face interrogation about killing

Two police officers face interrogation about killing JAKARTA (JP): The city police have arrested one of their officers for killing a resident in East Jakarta. Second Lieutenant Burhan Siburian, the 35-year-old head of the Public Guidance unit at the East Jakarta police precinct, has admitted to killing Mangulo Tambunan, 50, in his home in Ciracas. Chief Sergeant Achmad Ngadiono, 33, was also present at the killing. City Police spokesman Lt. Col.

Kadin wants to see collusion stop

Kadin wants to see collusion stop JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) has urged entrepreneurs to put an end to collusion with government officials and to nurture business ethics. "If there was, in the past, collusion and collaboration between economic and political powers, as of now this has to be discontinued," Kadin chairman Aburizal Bakrie said in his year- end statement yesterday.

Wave victims seek bank loans

Wave victims seek bank loans PANDEGLANG, West Java: Nineteen families whose homes were destroyed by a tidal wave have turned to Regent Yitno for credit to repair their houses. The residents of a fishing village on the coast of the Indian Ocean in South Banten have been forced to move their belongings and to try to salvage parts of their homes from the debris left by tidal waves, which have struck repeatedly since the end of November, Antara reported.

Man on trial for beating reporter

Man on trial for beating reporter CURUP, Bengkulu: The local district court began on Saturday the trial of a businessman accused of assaulting a reporter of the Lampung Post daily newspaper. Antara reported yesterday that the defendant, identified by his initials HN, was charged in court with beating Muhammad Guruh Indrawan on June 20 and causing serious injury.

Taxi drivers

Taxi drivers It was interesting reading the Dec. 10 article, Dealing with Jakarta Taxi Drivers, by Carl Chairul, as my experiences are similar. I am a visitor to Jakarta from England and he summed up the typical reactions of taxi drivers very well. However I would like to say that they do appear to be in the minority except in the evenings when the popular feeling seems to be that anyone, taxi driver, street vendor, or club doorman can make some extra cash out of foreign visitors.

Businessman stabbed 16 times

Businessman stabbed 16 times JAKARTA (JP): The owner of a furniture store was found dead yesterday in his shop in Ciputat, South Jakarta, with at least 16 stab wounds to his torso, head, legs and hands. Local police quoted relatives of the victim, who was identified as Handoko, 48, as saying that a 14-inch television set was found missing from the Top furniture shop on Jl. H. Juanda, Cipayung. Police say the motive for the killing is still unknown.

Hanoi takes steps towards free trade

Hanoi takes steps towards free trade By Philip McClellan BANGKOK (AFP): Vietnam has taken cautious steps towards realizing an ASEAN dream of creating a Southeast Asian free trade zone despite doubts over opening its carefully controlled economy for outside inspection. Five months after becoming ASEAN's seventh member, Vietnam last Friday joined a mechanism designed to liberalize trade and lay the groundwork for an ASEAN Free Trade Area (AFTA) by early next century.

Collusion dictates to economy: Scholar

Collusion dictates to economy: Scholar SURAKARTA, Central Java (JP): Collusion between powerful conglomerates and the administration is so dominant that it dictates the direction of the Indonesian economy, an economist from Gadjah Mada University said yesterday. "Conglomerates and bureaucrats are the two dominant groups that determine the fate of our economy," Revriand Baswir said in a seminar on the national economy held by Sebelas Maret University on Friday.

ASEAN signs unique pact but trade worries linger

ASEAN signs unique pact but trade worries linger By Robert Birsel BANGKOK (Reuter): The Association of Southeast Asian Nations (ASEAN) may have signed a landmark security pact at last week's summit but efforts to quicken economic integration and create a huge common market seem to be lagging. The highlight of the two-day summit was a treaty declaring the whole of Southeast Asia a nuclear-weapons free zone.

Australia, RI ties in new phase

Australia, RI ties in new phase By Terry Friel CANBERRA (Reuter): It was a sight that would have alarmed many Australians just a few years ago -- 150 crack Indonesian paratroopers dropping from the sky in the Australian Outback. But Indonesia's involvement in the multinational Kangaroo '95 war games this year was just one of the latest, and more visible, signs of a dramatic bonding between Canberra and Jakarta in recent years.

Foreign investment wave seen in Asia

Foreign investment wave seen in Asia BANGKOK (Reuter): Two economists yesterday forecast a big new wave of foreign investment funds into east and south east Asia over the next 12 months that would lift the region's current sluggish stock markets. Kenneth Courtis, chief economist of Deutsche Bank Capital Markets (Asia) Ltd, said Japan's near zero interest rates would squeeze funds out of the country into the rest of Asia in 1996 as Japanese companies struggle with a bad debt crisis.

Sleuths off to U.S., Italy to unravel thefts

Sleuths off to U.S., Italy to unravel thefts JAKARTA (JP): Three senior city police detectives will leave for the Netherlands, the U.S. and Italy on Sunday to investigate the theft of goods from containers shipped from Jakarta. The three policemen are Crime Investigation Directorate Secretary Lt. Col. Edi Darnadi, Economic Crime Unit Chief Lt. Col. Aryanto Setiadi and Smuggling Unit Chief Maj. Abdullah.

Most laws show male dominance over women

Most laws show male dominance over women JAKARTA (JP): Most Indonesian laws, especially criminal laws, reflect male dominance over women, a legal expert said yesterday. This condition is detrimental to women when it comes to the interpretation of violence, I.S. Susanto of the state-owned Diponegoro University said as reported by Antara.

Govt plans to restructure customs and excise office

Govt plans to restructure customs and excise office JAKARTA (JP): The government will restructure its customs and excise office in adjustment to the newly approved customs and excise law. Director General for Customs and Excise Soehardjo told a press conference here yesterday that the Ministry of Finance is now preparing the restructuring plan. He said that the restructuring will not only affect the organization of the Directorate General of Customs and Excise but also its daily activities.

TV today

TV today TVRI 2:30 p.m. Travel: Wajah Negeriku 2:35 TV Series: Hassai Sensei 3:05 Music: Dilentasia 3:30 TV Series: Road to Avonlea 4:30 Science Program: IPTEK 5:00 Regional News 5:25 Travel: Face of My Country 5:30 English Program 6:05 Nusantara the Beloved Country: Southeast Kalimantan 6:15 Village Program 6:30 Religious Teachings: Belief in God the Almighty 7:00 Evening News 7:30 Wawasan 8:05 TV Drama 9:00 World News 9:25 Music: Nada Dan Irama 10:25 Late News 11:35 Film: Body Business I...

Few students show interest in math, physics

Few students show interest in math, physics JAKARTA (JP): Poor physics and math skills among Indonesian students could obstruct the country's high technology development drive, a high-ranking education research official warned yesterday. "Above all, students have very little interest in physics and math," Sri Hardjoko Wirjomartono, head of the Research and Development Center of the Ministry of Education and Culture told a seminar on human resources here yesterday.

Corrections through proper institutions

Corrections through proper institutions JAKARTA (JP): President Soeharto said yesterday that, while corrections might be necessary in Indonesia's development efforts, these must be made through the established mechanisms and in the spirit of national unity.

Taxi driver murdered

Taxi driver murdered JAKARTA (JP): A 22-year-old man was arrested by South Jakarta police on Sunday morning for allegedly killing a taxi driver in an effort to get money to help his ailing mother. Police said Amanu, an employee of a cleaning service company at the Ministry of Cooperative Affairs on Jl. Rasuna Said, has admitted to killing Marsasak Sipahuras, 38, a driver of the Jakarta International Taxi company. City Police spokesman Lt. Col.

How they did it in Tangerang

How they did it in Tangerang JAKARTA (JP): The development of a Rp 2.4-billion (US$1.05 million) office of the Ministry of Public Works office in Tangerang, West Java, has been stopped indefinitely following a violent protest last week by residents of the adjacent police housing complex, who claim the land.

Govt to lower maternal mortality rate

Govt to lower maternal mortality rate JAKARTA (JP): The government plans to launch a massive campaign to reduce the high incidence of death among expectant and new mothers, which Minister of Health Sujudi says is chiefly the result of ignorance. Sujudi said yesterday that the government hopes to reduce the maternal mortality rate to 225 per 100,000 births by 1999, as compared with the 1994 level of 421 per 100,000 births.

Moslem women ask minister to ban exploitive films, ads

Moslem women ask minister to ban exploitive films, ads JAKARTA (JP): A Moslem women's group suggested yesterday that Minister of Information Harmoko clamp down on television commercials that exploit women to promote products. Leaders of Muslimat NU, which is affiliated with the 30- million strong Nahdlatul Ulama, met with Harmoko at his office. They told him they object to some of the ads appearing on television because they are degrading to women.

Property prices moderate in 1996

Property prices moderate in 1996 SINGAPORE (AFP): Singapore's industrial property prices, seen as the highest in Southeast Asia, should moderate in 1996 in line with government moves to ensure the city state remains competitive, analysts said yesterday. But office rentals and prices in land-starved Singapore are likely to stay firm, they said. Industrial property capital values here have surged some 60 percent over the last two years while prime office rentals too have held up.

KONI chief says Arie resignation would not help

KONI chief says Arie resignation would not help JAKARTA (JP): National Sports Council (KONI) chairman Wismoyo Arismunandar yesterday indicated that he would not accept the resignation of Indonesian contingent chief Arie Sudewo, following Indonesia's loss of its overall title at the 18th Southeast Asian Games in Chiang Mai, Thailand. Arie, who announced his intention to resign last week as Indonesia's failure to retain the title became a foregone conclusion, is also Wismoyo's second-in-command.

Indonesia's trade balance may suffer next year

Indonesia's trade balance may suffer next year JAKARTA (JP): Indonesia's trade balance next year is likely to suffer at the hands of new foreign investors because of their increased import activity, an investment bank predicts. JP Morgan said in the latest issue of its Emerging Markets Data Watch that this year's decline of Indonesia's trade surplus was more severe than in the 1990-1992 cycle, which was mainly caused by a surge in capital goods imports.

Spotlight

Spotlight Photo A: Drawings JP/Ridhwan Ilhamsyah PAMERAN GAMBAR SEGI ENAM: Toety Azis, general manager/chief editor of the daily Surabaya Post, points at one of the works of six artists on display at the Balai Surabaya Post in Surabaya. Pameran Gambar Segi Enam, organized in cooperation with the Surabaya Post, features the works of Diddo Kusnidar, Priyanto S., Satyagraha, S. Prinka, T. Sutanto and Wagiono. The exhibition, after stops in Jakarta and Bandung, was opened in Surabaya Dec.

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.

Obituary

Obituary Harsja Wardhana Bachtiar, a highly respected and often controversial intellectual, died at Cikini Hospital in Jakarta yesterday. He was 61 years old. Relatives said Harsja died of the kidney disease he had fought for one year. He is survived by his wife, Sawiah Soemardja, two sons and one daughter. He will be buried at Tanah Kusir public cemetery in South Jakarta today.

Massive investment suggested for sports

Massive investment suggested for sports JAKARTA (JP): The government needs to invest at least Rp 200 billion (US$86 million) per year if Indonesia is to wrest the Southeast Asian Games title from Thailand in two years. State Minister of Youth Affairs and Sports Hayono Isman said on Sunday evening that the sports program needs a major boost if Indonesia is to succeed at the 19th SEA Games, which will be held in Jakarta in 1997.