Indonesian Political, Business & Finance News

Archive: 29 March 1995

38 articles found

Donor countries urged to consider impact on yen rise

Donor countries urged to consider impact on yen rise JAKARTA (JP): Indonesia has asked its multilateral creditors to "consider" the impact of the ascent of the Japanese yen against the U.S. dollar on its debt burden. "The President has urged the Asian Development Bank and other multilateral donors to consider the long-term effect of the excessive appreciation of the yen against the U.S. dollar," Minister of Finance Mar'ie Muhammad told reporters after a meeting with Soeharto yesterday.

Bambang's team to take over Kanindotex group

Bambang's team to take over Kanindotex group JAKARTA (JP): A consortium led by Bambang Trihatmodjo is almost certain to take over the debt-ridden Kanindotex group of textile companies. Bambang, President Soeharto's second son, told journalists yesterday that his consortium has paid the group's investment debts of Rp 420 billion (US$200 million) to its bank creditors -- state-owned Bank Bumi Daya and Bank Pembangunan Indonesia.

Repatriation of boatpeople on target

Repatriation of boatpeople on target By Meidyatama Suryodiningrat JAKARTA (JP): The repatriation of all Vietnamese boatpeople currently held on the Indonesian island of Galang is expected to meet its year-end deadline, despite the fact that over 5,000 boatpeople remain. Both government and United Nations officials expressed confidence yesterday that the deadline could be kept and said that, at worst, repatriation of all boatpeople would occur shortly after the target date.

Where to go in Jakarta:

Where to go in Jakarta: Music * The Aryaduta Jakarta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Bonauli vocal group, Thursday, Friday and Saturday from 7 p.m. to 11 p.m.; Lost Morenitos, Sunday, Tuesday and Wednesday from 7 p.m. to 11 p.m. - Ambassador Lounge: Amir (pianist), Monday to Friday, 7:30 a.m. to 9:30 a.m.; Saturday 8 a.m. to 10 a.m.; Jakarta String Fantasy Trio, Monday to Saturday from 3:30 p.m. to 6:30 p.m.; Sunday from 12:30 p.m.

Workers' protest on low wages denied

Workers' protest on low wages denied JAKARTA (JP): PT Cenin Indonesia, an East Jakarta-based garment manufacturer, denied its workers claim yesterday that the company failed to abide by existing regulations on wages and Idul Fitri allowances. S.B. Choe, an executive of the company, said in a statement made available to The Jakarta Post that the workers' claim was unfounded and that the company fulfilled its obligation wage and allowance obligations despite financial losses.

TV today

TV today TVRI 2:30 p.m. Cartoon: Prince Valiant 3:05 Gita Wicara 3:30 Science Program 4:05 Comedy 4:30 Documentary Film 5:00 Regional News 5:30 Indonesian Lessons 6:05 Rainbow 6:15 Village Program 6:45 Langka Tapi Nyata 7:00 Evening News 7:30 Culture Program 8:05 Humoria 9:00 World News 9:30 Music: Jazz 10:35 Late News 10:45 Film: A Girl Called Hatter Fox Program 2 4:30 p.m.

PPP demands revision of laws on political parties

PPP demands revision of laws on political parties JAKARTA (JP): The United Development Party (PPP) proposed yesterday that laws on political parties be revised to allow the promotion of democracy. The Moslem-oriented party argued that because national stability has been achieved, the people should be given more room to participate in the development of the nation.

Soeharto to promote RI trade overseas

Soeharto to promote RI trade overseas JAKARTA (JP): President Soeharto plans to go on another lengthy overseas trip beginning this Friday primarily to promote Indonesian exports in Europe and Central Asia. The destination this time will be Germany, particularly Hannover, where a major international trade fair will be held. In addition, he will travel to Kazakhstan, Uzbekistan and Turkmenistan, three former Soviet republics in Central Asia regarded as having strong economic potential.

Beware! Hypnotists are around

Beware! Hypnotists are around On Monday, March 27, 1995 my father-in-law (Iskandar Mamnoe) and my wife (Azka Iskandar), who sell ornamental trees and flowers in Kebayoran Lama area, received two customers who said they were from India. As traders, my father-in-law and my wife welcomed the guests and asked them to have a look around. At that moment, my 18-month old child cried and my wife, as usual, breast-fed her. Visitors to our shop are usually interested in trees or the flowers.

Sempati, SilkAir link Lombok-S'pore

Sempati, SilkAir link Lombok-S'pore JAKARTA (JP): One more airport in Indonesia now handles international services, promising a greater number of foreign visitors to the country, bringing in foreign exchange revenues. Sempati Air, one of Indonesia's private air carriers, in cooperation with SilkAir of Singapore, launched yesterday the first service linking Singapore and Lombok, West Nusa Tenggara. The service uses Fokker-70 aircraft.

Bob Hasan may face lawsuit for defamation

Bob Hasan may face lawsuit for defamation JAKARTA (JP): Activists of the Indonesian Environmental Forum (Walhi) filed a complaint at City Police headquarters yesterday against timber tycoon Muhammad (Bob) Hasan who, they say, has slandered their organization. "Bob Hasan has repeatedly defamed Walhi in various formal forums," Walhi's program director, M.S. Zulkarnain, told the police.

Economy grows robustly

Economy grows robustly The provisional estimate by the Central Bureau of Statistics put the growth of Indonesia's economy in terms of gross domestic product at 7.34 percent last year. That figure far exceeded the most optimistic projections of between 6.5 and seven percent made by most private-sector economists. But, as the bureau explained, its estimate used the 1993 figures as the base year instead of the 1983 figures on which most analysts had made their projections.

Koja residents defy demolition of school building

Koja residents defy demolition of school building JAKARTA (JP): Hundreds of residents of the Koja Utara subdistrict in North Jakarta greeted visiting members of the City Council yesterday with banners protesting the demolition of a school building in the area. The residents gathered in front of the site where their local school used to be. The land is owned by the Kemala Bhayangkara foundation.

Newsprint price raised by over 20 percent

Newsprint price raised by over 20 percent JAKARTA (JP): The price of newsprint will be increased by more than 20 percent to Rp 1,600 (73 U.S. cent) a kilogram next month, a move press executives fear will lead to sharp increases in the price of newspapers. The increase, which had been largely expected because of soaring international pulp prices, was announced by the Ministry of Information yesterday. There is more bad news for the newspaper industry further down the road.

Subway unlikely

Subway unlikely From my office window, high up in the Landmark Center, Tower A, I sometimes look down on the horrified traffic pile-ups at rush hours and wonder just how much the projected subway from Blok M to Kota could do to solve the traffic problem. Is it even feasible? And how long would it take to bore the tunnel? The Jl. Sudirman underpass, which I overlook, took about two years to complete, and that is barely 50 meters long.

PLN to raise power capacity in N. Sulawesi

PLN to raise power capacity in N. Sulawesi By Frits H. Pangemanan MANADO, North Sulawesi (JP): The state electricity company PT Perusahaan Listrik Negara will expand its power generation capacity by 78.7 megawatts, to a total of 202.02 megawatts, in the next five years, a spokesman said.

Bimantara to float 200m shares

Bimantara to float 200m shares JAKARTA (JP): PT Bimantara Citra, which is chaired by Bambang Trihatmodjo, plans to float new shares on the Jakarta Stock Exchange (JSX) in the middle of this year. Bambang said yesterday that 200 million shares, representing 20 percent of the company's enlarged number of common shares, would be offered to the public in either June or July this year. "However, if the market is bearish, we may postpone the initial public offering until the market recovers.

Military tightens security in East Timor

Military tightens security in East Timor DILI, East Timor: Security forces will not tolerate any provocations ahead of next month's intra-East Timorese dialog in Austria, a local military chief warned on Monday. The military will take stern actions against anyone fomenting disorder and unrest, said chief of the Udayana military command Maj. Gen. Adang Ruchiatna P., who oversees security in East Timor, Nusa Tenggara and Bali.

Briton missing in Mt. Merapi

Briton missing in Mt. Merapi PADANG, West Sumatra: Police have launched a search operation for a Briton who went missing Sunday night after climbing Mt. Merapi. Lt. Col. Jufril Ismail, chief of Agam Police, said a 10-man team, lead by his deputy Major Sriyono, has been sent to the site where 25-year old Darren Roper was last seen. He was reported missing by his fellow countryman Edward Williams, 22, Antara reported.

Diarrhea kills 34 in Irian Jaya

Diarrhea kills 34 in Irian Jaya MERAUKE, Irian Jaya: A diarrhea outbreak has killed 34 people and forced the hospitalization of dozens of others in the southern coast area of Irian Jaya. The Antara news agency quoted a health official of the Merauke regency as saying yesterday that most of the casualties of the outbreak, which began spreading about a week ago, were children. Medical help has been dispatched to the stricken areas of Merauke city and the Kasuari Beach sub-district. (swe)

U.S.-RI ties ambivalence but friendly

U.S.-RI ties ambivalence but friendly By Mohammad Sadli SAINT PAUL, Minnesota, United States (JP): For two years now a group of Americans and Indonesians have been mounting a public education campaign in the United States. Not an expensive operation but hopefully effective. The Asia Society in New York, the Center for Strategic and International Studies in Jakarta and a new organization called the U.S.-Indonesia Society, initiated by former U.S.

Waste water treatment seminar

Waste water treatment seminar JAKARTA (JP): Experts from the Ministry of Public Works and the Japan International Cooperation Agency (JICA) underlined here yesterday the importance of ground and surface water quality and the need to collect correct data. In a two-day seminar on human waste and domestic waste water disposal in Bekasi, they suggested that monitoring is also needed to provided sanitation facilities.

Agreement on phone facilities signed

Agreement on phone facilities signed JAKARTA (JP): An agreement marking the hand-over of telecommunication facilities from the management of PT Jababeka to East Jakarta's telecommunications office was signed in Bekasi yesterday. The facilities include 1,000 telephone lines and 2,400 reels of telephone cables, worth Rp 3.1 billion. The accord was signed by I Nyoman Punia, head of East Jakarta's telecommunications office and president of PT Jababeka, Hadi Rahardja.

Dossiers on attack on police officers near completion

Dossiers on attack on police officers near completion JAKARTA (JP): South Jakarta police are scheduled to complete the dossiers of nine suspects charged with attacking two police officers earlier this week. "We had no significant problems completing the dossiers because they all cooperated during questioning this morning," reported South Jakarta police chief Lt. Col. SY Wenas. "We'll send the dossiers to the local prosecutors office within the next few days," he confirmed.

Sand quarrying activities protested

Sand quarrying activities protested BEKASI (JP): Ninety villagers of Cijambe in Serang district, Bekasi, filed a written protest with the Serang district chief over a private company's sand quarrying activities in their village. Copies of the letter were sent to the Bekasi regent, the local military commander and the district police chief. Several villagers told The Jakarta Post yesterday that the PT Indoseni's quarrying activities have dried up wells in their village.

Dengue kills four in Aceh

Dengue kills four in Aceh BANDA ACEH, Aceh: Four people have died of Dengue Hemorrhagic Fever this month, but doctors were able to save dozens of other sufferers. T. Muhammad SKM, an official at the provincial office of Ministry of Health, said four cities -- Banda Aceh, Aceh Besar, Pidie and North Aceh -- saw the most cases of dengue, Antara reported.

Korean firm builds mill in Irian Jaya

Korean firm builds mill in Irian Jaya JAKARTA (JP): The Korea Development Co. Ltd. (Kodeco) has started work on a US$84 million plywood mill on Yapen island, north of Irian Jaya, which is scheduled to commence operations next March. Kodeco, the oldest and largest Korean investor in Indonesia, announced yesterday that the plywood plant would have an annual production capacity of 120,000 cubic meters, including 30,000 cu.m of container floorings.

MKY to reclaim Jakarta shore

MKY to reclaim Jakarta shore JAKARTA (JP): PT Manggala Krida Yuda (MKY) is to reclaim 500 hectares of Jakarta's northern shoreline, according to a press report. On Monday a cooperation agreement on the shore reclamation project, in east Ancol, was signed by Siti Hutami Endang Adiningsih, the company's chief commissioner, and Suntoro, chief commissioner of state-owned PT Pelabuhan Indonesia II, the Bisnis Indonesia daily reported. Adiningsih is President Soeharto's youngest daughter.

Anti-hoodlum drive succeeding

Anti-hoodlum drive succeeding By K. Basrie JAKARTA (JP): The massive police operation against street hoodlums has turned the city into a tranquil and peaceful metropolitan. At night, it is no longer easy to find criminal-looking persons standing around in groups at certain places, such as bus terminals, red-light districts, shopping centers and bridge crossings.

Mahathir reigns until 2020?

Mahathir reigns until 2020? The wish to rule Malaysia for 25 more years expressed by Prime Minister Mahathir Mohamad recently is very interesting indeed as it is related to democratization efforts in the country as well as grooming for leaders. By then, Mahathir who has ruled the peninsula for 13 years will be 95. Even if Mahathir does not reach that age, it will give him the chance to become head of state for life. "A five-year period for a government is not sufficient.

Indonesia, Qatar to open embassies

Indonesia, Qatar to open embassies JAKARTA (JP): Qatar and Indonesia yesterday agreed to enhance bilateral relations by opening embassies in their respective capitals and forging a set of agreements to boost economic ties. "The countries are on the way to establishing resident embassies in their capitals," said Indonesian Minister of Foreign Affairs Ali Alatas after meeting with Qatar Foreign Minister Sheik Hamad bin Jassim bin Jabr Al-Thani here yesterday.

ASEAN urged to include India

ASEAN urged to include India NEW DELHI (Reuter): A senior European Commission official on Monday urged the Association of South East Asian Nations (ASEAN) to include India in a planned summit linking the European Union and Asia. European Commission Vice-President Manuel Marin said the summit, tentatively set for the end of 1995 or early 1996 in Bangkok, could not pretend to be Asian in scope unless India was included.

Donation promises yet to materialize

Donation promises yet to materialize JAKARTA (JP): Common fund-raising practices might be applied should the funds garnered from around 50 prominent businessmen prove inadequate to finance the preparations of the national team for the 18th Southeast Asian Games in Thailand.

Stock Exchange

Stock Exchange Share prices on the Jakarta Stock Exchange (in rupiah) on March 28, 1995: Trading Shares Close Change Volume ------------------------------------------------------ ADES ALFINDO 2,425 0 AHAP INSURANCE 3,300 0 ALUMINDO PERKASA 1,100 0 ANDAYANI MEGAH 2,200 25 140,000 ANEKA KIMIA RAYA 5,300 39,000 ANWAR SIERAD 1,225 -25 179,500 AQUA GOLDEN MISSISSIPI 2,800 0 ARGHA KARYA PRIMA INDUSTRY 1,875 143,000 ARGO PANTES 2,650 100,000 ASIANA IMI INDUSTRIES 1,500 0 ASTER DHARMA INDUSTRY 800 0...

Soeharto calls for devotion in sports

Soeharto calls for devotion in sports JAKARTA (JP): President Soeharto inducted the new board members of the National Sports Council (KONI) together with the sports body's special members at the State Palace yesterday. This is the first time that KONI, since its establishment on Dec. 31, 1966, has had its officials installed by the president. "The installment indicates that the president earnestly cares for the nation's sports performance.

Dengue spread in East Timor

Dengue spread in East Timor DILI, East Timor: One child died and 25 others have been admitted to hospitals as dengue fever spread in the city. Chief of the local health office Samuel Munaiseche said the government has launched an intensive campaign in the city to inform people as to how they can protect themselves against the disease. "Their participation in keeping their environment clean is essential in fighting the epidemic," he said to Antara.

Don't recall arbitrarily: Syarwan

Don't recall arbitrarily: Syarwan JAKARTA (JP): A senior-ranking Armed Forces (ABRI) officer has called on political organizations to refrain as far as possible from withdrawing their legislators from the House of Representatives (DPR), even if they are deemed undisciplined. The political groups would be better off to take disciplinary measures against them rather than "recall" them from the House, Maj. Gen.

Court tries demonstrator

Court tries demonstrator DILI, East Timor: The local district court yesterday convened the trial of Ignasio de Jesus dos Santos, who is accused of organizing an anti-government demonstration on the University of East Timor campus last January. Ignasio is one of the 13 that the government plans to bring before the court in connection with a demonstration at the state- run university on Jan. 9. He is being charged under the subversion law.