Indonesian Political, Business & Finance News

Archive: 28 December 1995

50 articles found

'Youth bodies can no longer cling to power'

'Youth bodies can no longer cling to power' JAKARTA (JP): A former student activist said youth organizations must stop depending on ties with those in positions of power and rely on their own abilities. "When Indonesia becomes part of the global free market, youth organizations can no longer depend on links with powerful people for their existence," Hariman Siregar said yesterday. "Ministers will only be in power to serve ...

Ramos reshuffles cabinet in Manila

Ramos reshuffles cabinet in Manila MANILA (Reuter): Philippine President Fidel Ramos announced a cabinet reshuffle yesterday, naming a new labor secretary and promoting several key aides. Leonardo Quisumbing, a deputy executive secretary in Ramos' staff, was named Labor Secretary in a statement by the Philippine leader. Quisumbing replaces Jose Brillantes, who was appointed ambassador to Malaysia, The appointments will take effect on Jan. 16.

Monetary management

Monetary management The new regulations issued jointly last week by the finance ministry and Bank Indonesia (central bank) on finance companies seemed at first glance to be designed mainly to further tighten the monetary policy amid great concern over the overheating economy. After all, the new rulings were enforced just one week after the central bank moved to restrict credit expansion by increasing the reserve requirement of banks from 2 percent to 3 percent of third-party deposits.

Haryanto flooded with phone calls

Haryanto flooded with phone calls JAKARTA (JP): The telephone rang almost non-stop yesterday morning at the office of Minister of Transportation Haryanto Dhanutirto, following the announcement a day earlier that President Soeharto has cleared him of allegations of misdeeds. "I've been getting calls from friends congratulating me," Haryanto told Antara.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 27, 1995: Shares Close Change Trading Volume -------------------------------------------------------- Ades Alfindo 900 0 0 AHAP Insurance 3,200 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,625 0 233,000 Aneka Kimia Raya 6,000 0 0 Anwar Sierad 1,075 25 8,500 Aqua Golden Mississippi 1,750 0 0 Argha Karya Prima Industry 2,025 0 7,500 Argo Pantes 2,125 50 10,000 Asahimas Flat 2,250 25 68,000 Asiana IMI Indusrties 1,150...

700 workers quit with severance payment

700 workers quit with severance payment JAKARTA (JP): Seven hundred female workers officially quit from two garment factories in North Jakarta yesterday after receiving severance pay from their employers. The payment ended the month-long dispute over the employers' plan to transfer the workers to other companies for business reasons. The solution was reached last week through the mediation of the local office of the Ministry of Manpower.

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.

RI boxers vying for new titles

RI boxers vying for new titles JAKARTA (JP): The new boxing body, Pan Asia Boxing Association (PABA), will mark its arrival here with three 12-round bouts to fill its vacant featherweight, lightweight and welterweight titles at the Senayan Volleyball Hall this evening. The bouts, promoted by Tourino Tidar, pit three Indonesian boxers against opponents from New Zealand and Mongolia. The Indonesians top the PABA rankings in their respective divisions.

Spotlight

Spotlight Photo A: Award Hotel President THRICE AS NICE: Pudjo Basuki (back to camera), the head of the Ministry of Tourism, Post and Telecommunications' Jakarta office, congratulates Y. Abe (second from left), the general manager of Hotel President. The hotel won its third Adikarya Wisata Tourism Award at last week's ceremony in Jakarta.

E. Timor remains international issue

E. Timor remains international issue DILI, East Timor: Governor Abilio Jose Osorio Soares said East Timor will remain an international issue next year. As long as the United Nations and Portugal refuse to recognize Indonesia's authority over the region, East Timor will remain in the international limelight, he pointed out. Abilio told Antara yesterday that Indonesia should do its utmost to convince both the UN and Portugal to finally accept East Timor's integration into Indonesia.

'Don't offend others' religious sensibilities'

'Don't offend others' religious sensibilities' JAKARTA (JP): President Soeharto last night appealed to all religious communities to make known to others their particular sensibilities to avoid misunderstandings. "We fully realize that every religious community has its particular sensibilities.

Pasar Jaya to open wholesale center

Pasar Jaya to open wholesale center JAKARTA (JP): The city-owned market company, PD Pasar Jaya, will open a wholesale center next year. Company director Soedrajad Soeleman said yesterday that the wholesale center will be located on a one-hectare plot of land in East Jakarta. He said that the plan is based on Provincial Decree No. 7/1992 which allows the company to diversify its business, which the governor has been encouraging.

On Sun Hung Kai

On Sun Hung Kai We refer to the article in The Jakarta Post, Dec. 26, 1995. Acting for and on behalf of our Client Mr. Edward Lee we hereby would like to point out that you have made a grave factual error with regard to the above captioned matter when you mentioned that "Former Sun Hung Kai president Edward Lee was expelled from the company by its shareholders following the license suspension". Mr. Edward Lee voluntarily resigned for personal reasons as the active President Director of PT.

Bakrie's cooking oil mill

Bakrie's cooking oil mill JAKARTA (JP): PT Bakrie & Brothers will build palm oil and cooking oil plants with a total investment of Rp 45 billion (US$19.56 million) in Kerawang, West Java, the company said in a statement yesterday. The statement said the planned cooking oil mill, which will have an annual production capacity of 60,000 tons, is scheduled to start commercial production in early 1997.

Life expectancy of Jakartans reaches 71 years

Life expectancy of Jakartans reaches 71 years JAKARTA (JP): Governor Surjadi Soedirdja says that the life expectancy of Jakarta residents is now higher than that of the residents of other provinces in the country. The increase in life expectancy is the result of the increase in people's welfare, the governor said in his written address commemorating National Solidarity Day at a neighborhood chief's office in Utan Panjang, Kemayoran, Central Jakarta yesterday.

School holidays

School holidays From Neraca Being a Moslem, I quite agree with the Central Java Muhammadiyah in deciding to close the schools during the fasting month of Ramadhan. I hope the government and private schools also give their support because, according to Islamic teachings, Moslems should perform their religious duties as much as possible in order to obtain multiple rewards in jannah (heaven).

Gambir taxis

Gambir taxis From Neraca The number of taxis in Jakarta keeps increasing, and many of these taxis give poor service and use manipulated taxi meters. You will find many of them at Gambir railway station. The taxi drivers race with each other to offer their taxis to passengers just off the train. The driver's are a nuisance to the passengers. Unfortunately, the station management does not seem bothered by this situation.

Bank lending low despite decline in problem loans

Bank lending low despite decline in problem loans By Hendarsyah Tarmizi JAKARTA (JP): The country's banking system appears to have successfully survived the recent financial stress resulting from a high level of non-performing loans. The success is reflected by the decline in the level of non- performing loans in June to 11.6 percent from the peak of 14.2 percent in late 1993.

Fire destroys supermarket

Fire destroys supermarket JAKARTA (JP): A fire destroyed a two-story supermarket in Sumur Batu, Central Jakarta, yesterday. According to preliminary police reports, the fire was caused by an electrical short circuit at 7:00 a.m. Eyewitnesses said the fire was called in by employees of the supermarket, who were opening their shops when the fire began to blaze.

Non-oil trade to suffer deficit

Non-oil trade to suffer deficit JAKARTA (JP): Indonesia's non-oil trade balance this year will likely deteriorate to deficit levels reminiscent of the 1980s, a noted economist said here yesterday. "It will be difficult to compensate for the shortfall by the end of this year as our non-oil trade deficit reached US$3.1 billion during the first nine months," said Suhadi Mangkusuwondo, a former foreign trade director general at the trade ministry.

PSSI has to bounce back and move onward: Try

PSSI has to bounce back and move onward: Try JAKARTA (JP): Vice President Try Sutrisno urged the All- Indonesia Football Association to conduct some introspection if it is to go on its bid for better international achievement. In this subtle criticism, Try zeroed in on Indonesia's upset defeat to Vietnam in the recent Southeast Asian Games in Chiang Mai, Thailand in his key note speech at the opening day of the association's 31st congress at the Pondok Gede Haj dormitory, East Jakarta yesterday.

Soesilo upbeat about national security in 1996

Soesilo upbeat about national security in 1996 JAKARTA (JP): Coordinating Minister for Political Affairs and Security Soesilo Soedarman said yesterday he is optimistic Indonesia will remain stable in 1996 because the situation has been good in 1995 despite some tension. Soesilo expressed concern only that a number of political issues that have affected security this year could persist in 1996.

Indonesian politics in 1996: What's in store?

Indonesian politics in 1996: What's in store? Political life has been quiet colorful this year, especially recently. Will it be the same next year or could it be even livelier? Political scientist J. Soedjati Djiwandono looks into his political crystal ball for answers. JAKARTA (JP): To some extent, forecasting in politics should not but be speculative in nature. This is true especially as regards countries like Indonesia, with so little transparency in their political processes.

Farmers get low compensation

Farmers get low compensation YOGYAKARTA: Political observer Loekman Soetrisno said the low rate of land compensation here has made poor farmers even poorer. The lecturer at the Gadjah Mada University told a seminar on human resources and economic here yesterday that if the trend continues, "the development of housing or industrial estates will escalate the process of impoverishment of the people".

Minimum credit level for small firms met

Minimum credit level for small firms met JAKARTA (JP): Bank credit extended to small businesses, including farmers, has grown by an average of 20 percent per annum during the last six years. Data from Bank Indonesia, the central bank, show that total credit extended to small businesses reached Rp 40.3 trillion (US$17.47 billion) as of the end of October 1995, as compared with Rp 14 trillion as of 1989.

Govt to license PT Inti as telecoms operator

Govt to license PT Inti as telecoms operator JAKARTA (JP): The government will license the state-owned telecommunication equipment manufacturer PT Industri Telekomunikasi Indonesia (Inti) to act as a digital cellular telecommunications operator, a minister said yesterday. Minister of Tourism, Post and Telecommunications Joop Ave announced that the license will be presented to Inti due to the significant growth of its business within the last few years.

Utut's dreams end with third defeat

Utut's dreams end with third defeat JAKARTA (JP): Grand Master Utut Adianto yesterday saw a triple loss in his fifth round duel against chess wunderkind Nigel Short of England at the 34th move. It was Utut's quickest decision to resign after holding Short twice in a row in the third and fourth rounds. Yesterday's win gave Short a commanding 4-1 lead, with one game remaining. Short will maintain his elo rating and assure himself of the winner's prize money of US$10,000.

Thailand leaves RI behind in sports

Thailand leaves RI behind in sports JAKARTA (JP): The development of sports in Indonesia is three years behind Thailand, the overall champion at the just concluded 18th Southeast Asian Games at home in Chiang Mai. The chairman of the National Sports Council, Wismoyo Arismunandar, said during the opening ceremony of the national badminton championships in Surabaya, East Java, on Tuesday that host Thailand had prepared for the SEA Games since 1992. Its training program cost US$1 billion.

Tourist arrivals increase by only 7 percent

Tourist arrivals increase by only 7 percent JAKARTA (JP): The government announced yesterday that the country's revenues from foreign tourists are estimated to increase by 10.8 percent to US$5.21 billion this year, up from $4.7 billion in 1994. Minister of Tourism, Post and Telecommunications Joop Ave told a press conference that the number of tourist arrivals, however, increased by only 7.3 percent to 4.3 million this year from last year's level of slightly above four million.

'Three Lenses of Introspection'

'Three Lenses of Introspection' JAKARTA (JP): An afternoon of cultural events called Tiga Lensa Introspeksi (Three Lenses of Introspection) will be held on Jan. 6 at Taman Ismail Marzuki on Jl. Cikini Raya 73, Central Jakarta. The program will include the dance performance Kesah, choreographed by I. Rusdy R., from 2:30 to 3:30 p.m., followed by a 4:00 p.m. discussion on Eroticism in Our Culture, moderated by Leila S. Chudori.

Four arrested in gang fight

Four arrested in gang fight JAKARTA (JP): Four people, two of whom were seriously wounded, were arrested in a pre-dawn fight in Cipinang Cempedak, East Jakarta, yesterday. According to the head of the crime investigation unit of the East Jakarta police precinct, Maj. Endang Sunjaya, the four were members of two rival gangs. Police are still searching for 10 other gang members as well as the gun and other weapons used in the brawl on Jl. Kebon Nanas, Endang said.

RI investment approvals reach record level

RI investment approvals reach record level JAKARTA (JP): Investment approvals reached their highest level this year with foreign investment commitments increasing by 68.4 percent to US$39.9 billion and domestic commitments by 31.1 percent to Rp 69.9 trillion ($30.3 billion).

Permit regulations draw criticism from activists

Permit regulations draw criticism from activists JAKARTA (JP): The government's new ruling on gathering permits was greeted yesterday with relief by a prominent artist, but drew strong criticism from activists. "Great, wonderful!" playwright Ratna Sarumpaet gushed.

Skilled contractors, suppliers listed

Skilled contractors, suppliers listed JAKARTA (JP): Those contractors, suppliers and consultants considered qualified to carry out projects in Jakarta have been put on a public list. Makmur Daksu, the head of City Hall's information section, said yesterday that contractors and suppliers on the list can be certified at the Jakarta office of the Indonesian Chamber of Commerce on Jl. Majapahit in Central Jakarta and at any Jakarta Consultants Association (Inkindo) office from Jan.

Taxing homes

Taxing homes From Suara Karya We have heard much about delinquent developers. Some developers have not kept their promise to build public facilities in their housing complexes. Others developers have actually been found to be fictitious. But what surprises me most is that developers add 10 percent value added tax to the sale price of all houses, including the "very modest" category of homes.

Tenneco deal formalized

Tenneco deal formalized SYDNEY (Reuter): Energy Equity Corporation Ltd. (EEC) said yesterday it has signed agreements with Tenneco Gas Australia to formalize the strategic alliance between the two companies. Tenneco has agreed to purchase for A$28 million 50 percent of EEC's interests in the Sengkang power plant and production sharing contract in South Sulawesi, Indonesia.

Indonesian consumers lack legal protection

Indonesian consumers lack legal protection JAKARTA (JP): Indonesian consumers do not have legal protection from abuses by producers, the Indonesian Consumers Foundation said. Reviewing the outgoing 1995, the foundation named PT Telkom, the state telecommunications company, as this year's biggest violator of consumer rights.

Forest problems more serious

Forest problems more serious PADANG, West Sumatra: Nomadic farming and fires are among the chronic problems faced by forests in the province, a councilor says. Djusan Nuli, a member of the provincial legislative council, said in a plenary meeting here yesterday that the problems persist because of poor coordination among the institutions in charge of protecting the forests.

New Year's festivities not centralized

New Year's festivities not centralized JAKARTA (JP): Governor Surjadi Soedirdja said yesterday the city administration will not centralize New Year's Eve festivities in order to prevent the possibility of rioting. Surjadi that allowing millions of people to gather in one place at one time could pose a danger to public security. "When millions of people gather at one time in one place, riots can break out easily," he said.

TV today

TV today TVRI 2:30 p.m. Travel: Face of My Country 2:35 TV Series: Ultraman 3:00 Regional News 3:05 Dance Program: Aneka Tari Daerah 3:30 TV Series: Harapan Nan Sirna 4:00 Regional News 4:05 TV Series: Harapan Nan Sirna (continued) 4:30 Educational Program: Dunia Mahasiswa 4:55 Filler/Trailer 5:00 Regional News 5:25 Travel: Wajah Negeriku 5:30 Arabic Language Teaching 6:05 Parliament 6:15 News: Siaran Pedesaan 6:25 Koran Recital 6:35 Mimbar Agama Islam 7:00 Evening News 7:25 Garuda...

Gathering permits abolished

Gathering permits abolished JAKARTA (JP): The government yesterday issued a ruling abolishing permit requirements for holding seminars and political meetings. The "implementation guideline" attached to the ruling states that the public can hold any social, cultural and political gatherings or meetings and need only, at the most, inform the local police seven days prior to the intended events. The guideline, however, does not include directives for street demonstrations and protests.

Soeharto asks rich to care for the poor

Soeharto asks rich to care for the poor YOGYAKARTA (JP): President Soeharto yesterday urged the wealthier members of society to show that they really care for the less fortunate by helping. "The concern that the better off members have expressed should be translated into concrete measures such as creating job opportunities, extending scholarships for the children of poor families, and organizing vocational courses," Soeharto said.

ASEAN currency may curb speculation

ASEAN currency may curb speculation MANILA (DPA): The creation of a single currency for the Association of Southeast Asian Nations (ASEAN) will help the region surmount potential fluctuations in the value of currencies, a Philippine trade official said.

Acehnese have poor discipline

Acehnese have poor discipline BANDA ACEH, Aceh: Governor Syamsuddin Mahmud expressed concern yesterday over the poor discipline of the local people as shown by the many misdemeanor cases in the area. "There are various violations of regulations, disobedience and disorderliness," he said yesterday while addressing a meeting of government officials,Antara news agency reported.

Time for introspection

Time for introspection It was most refreshing to hear President Soeharto remind his subordinates, firmly and clearly, not to act too self-assuredly. Perhaps this is the time for all government officials to be more introspective with regard to what they have done so far. As of this moment, officials should perhaps act with greater wisdom and discretion and thus avoid making incorrect statements which could confuse the public.

Govt opens companies' management to expats

Govt opens companies' management to expats JAKARTA (JP): The government has opened almost all positions within the boards of directors and the boards of commissioners of companies partly or wholly owned by foreign investors to expatriates. The simplification of procedures for hiring expatriates for management positions is stipulated in Presidential Decree No.75/1995 dated Nov. 9 which took effect immediately.

Sumitomo wins RI deal

Sumitomo wins RI deal TOKYO (Reuter): Sumitomo Chemical Engineering Co. Ltd. said yesterday it had won a US$40 million turnkey contract to build a petrochemical product plant for Indonesia's Siam Maspion Polymers. The plant, scheduled to be completed by the end of 1997, will have capacity to produce an annual 120,000 tons of polyvinyl chloride resin (PVC), Sumitomo Chemical Engineering said in a statement. PVC is used to make a variety of goods such as water pipes and synthetic leather.

On unified Indonesia

On unified Indonesia The recent letter by Masli Arman (Towards a more unified Indonesia, Dec. 8, 1995), and indeed all of Masli's letters often bear interesting comments for The Jakarta Post readers. His focus this time was the subject of transmigration programs and how their successful implementation might be enhanced. I would like to point to several of his comments, and ask for clarification because I am most unfortunate in not completely understanding all his meanings.

'RCTI' to have powerful new tower

'RCTI' to have powerful new tower JAKARTA (JP): TV viewers in the Greater Jakarta area and those residing in the northern part of West Java will get a clear reception of RCTI following the completion of a powerful 275- meter tower next year. According to Ralie Siregar, executive director of the Indonesian first privately owned television station, the tower, with a capacity of 120 kilowatts, is expected to be completed in April 1996.

Biotechnology center to be inaugurated

Biotechnology center to be inaugurated JAKARTA (JP): President Soeharto is scheduled to dedicate a new facility tomorrow which will accelerate Indonesia's leap into the biotechnology industry. The Biotech Center, as the new facility is called, will also present five studies on medicine-processing technologies that will allow Indonesia to produce raw materials for medicines and reduce its dependency on imported medicines, which currently meet 90 to 95 percent of domestic needs.