Indonesian Political, Business & Finance News

Archive: 30 March 1995

40 articles found

Govt introduces stock exchange bill to protect investors

Govt introduces stock exchange bill to protect investors JAKARTA (JP): Minister of Finance Mar'ie Muhammad presented a capital markets bill to the House of Representatives yesterday which is intended to provide increased protection for investors and improve the efficiency of stock exchanges. "A strong legal basis for stock exchanges is a must in order to give legal certainty and security to all the parties concerned, especially investors," Mar'ie told the House's plenary session.

Work promised to returned maids

Work promised to returned maids MANILA (AFP): President Fidel Ramos promised employment yesterday to 84 Filipina maids who returned from Singapore in a diplomatic row over the hanging of their compatriot Flor Contemplacion, and said he was ready to send a second plane there if needed. He also acknowledged Singaporean cooperation in an ongoing Philippine investigation into the hanging, which has caused an outcry here.

Alatas stresses the need to reform monetary system

Alatas stresses the need to reform monetary system JAKARTA (JP): Minister of Foreign Affairs Ali Alatas yesterday underlined the need to restructure the international monetary system which has had an increasingly detrimental effect on developing countries. "The restructuring of the international monetary system is felt to be increasingly urgent because the absence of a solid system will continue to create havoc, especially in the trade and development field," Alatas said.

'Becak' operation in Tangerang

'Becak' operation in Tangerang TANGERANG (JP): Tangerang regency will cut the number of becak (pedicabs), from over 10,000 at present to 4,500, allowed to operate in the city, as of Saturday. E. Herry Kusnadi, a spokesman for the regency, told Antara that the move is aimed mainly at reducing the high occurrence of traffic jams, caused by the large amount of becak in the area.

Court opens trial of Oki on forgery charges

Court opens trial of Oki on forgery charges JAKARTA (JP): Harnoko Dewantono, known as Oki and the prime suspect in a Los Angeles triple murder, was arraigned yesterday at South Jakarta District Court for falsifying two Indonesian passports. Prosecutor Abdul Muis Gassing told presiding judge Doris A.A. Taulo that Oki, 30, a former employee at a Jakarta leasing company PT Perdana Multi Finance, falsified and repeatedly used two fake passports.

Stock Exchange

Stock Exchange Share prices on the Jakarta Stock Exchange (in rupiah) on March 29, 1995: Shares Close Change Trading Volume ------------------------------------------------------ ADES ALFINDO 2,525 100 2,000 AHAP INSURANCE 3,300 0 ALUMINDO PERKASA 1,100 0 ANDAYANI MEGAH 2,200 23,000 ANEKA KIMIA RAYA 5,300 0 ANWAR SIERAD 1,300 75 124,000 AQUA GOLDEN MISSISSIPI 2,800 0 ARGHA KARYA PRIMA INDUSTRY 1,925 50 284,000 ARGO PANTES 2,650 100,000 ASIANA IMI INDUSTRIES 1,300 -200 26,000 ASTER DHARMA...

RP destroys more Chinese structures in Spratlys

RP destroys more Chinese structures in Spratlys MANILA (Agencies): President Fidel Ramos said yesterday that Philippine troops had destroyed more structures put up by China on the disputed Spratly islands.

Sanitation program in East Jakarta

Sanitation program in East Jakarta JAKARTA (JP): East Jakarta Mayor Sudarsono has instructed his subordinates, up to the sub-district level, to hold sanitation activities every Sunday. Eddy Suchla, spokesman of the mayoralty, told Antara that the activities are needed to help motivate the public to pay more attention to cleanliness in the surrounding areas.

New bills on customs submitted

New bills on customs submitted JAKARTA (JP): New customs and excise bills would allow the government to impose anti-dumping tariffs and countervailing duties, curb the importation of pirated goods and abolish excise duties on sugar and kerosene.

Telkom to float shares on overseas marts

Telkom to float shares on overseas marts JAKARTA (JP): PT Telekomunikasi Indonesia (Telkom) will make its capital market debut this year in anticipation of the competition posed by state-owned telecommunications companies from other developing countries. Minister of Tourism, Post and Telecommunications Joop Ave confirmed Telkom's plans for an initial public offering (IPO) yesterday, making it the second state company to go international after PT Indosat.

Sabatini expected to play in Jakarta

Sabatini expected to play in Jakarta JAKARTA (JP): World number seven Gabriella Sabatini may bring down Indonesia's chances of winning in the qualifying round of the women's team Federation Cup, scheduled to take place here on Apr. 21-23. "Sabatini may make it difficult for us to win. But we shall not lose. We shall not be defeated before the game begins," Indonesian tennis queen Yayuk Basuki told reporters on Tuesday.

Adrianus set to beat Thai boxer

Adrianus set to beat Thai boxer JAKARTA (JP): Whether Adrianus Taroreh takes on World Boxing Association lightweight champion Guzie Nazarov of Japan will depend on his defeating Thai challenger Singtong Nontachai in a non-title bout slated for Apr. 1 in Manado, North Sulawesi. Adrianus's club manager, Bian Sondakh, said that if Adrianus loses, he will not be given the chance to challenge Nazarov. "That is our deal. It's a do-or-die battle," Bian said.

Coke to honor badminton queen

Coke to honor badminton queen JAKARTA (JP): The already-popular world badminton queen Susi Susanti is set to receive another boost: her face is to be printed on Coca-cola cans, along with the faces of other top Indonesian athletes, such as Seoul Olympics silver medalist archer Nurfitriana Lantang and one of Asia's fastest sprinters, Mardi Lestari. The new Coca-cola cans are part of the soft drink company's program to raise funds to help sports development in Indonesia.

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.

Blood flows in non-title bout

Blood flows in non-title bout JAKARTA (JP): In what looks like a good deal for the Indonesian junior bantamweight, Lamhot Simamora drew against Mexico's Efrain Pintor on Tuesday. The Mexican's left eyebrow was injured and the resulting flow of blood impaired his vision during the second round of the bout, held at the Senayan Basketball stadium. Three judges scored the 10-round, non-title bout 96-95, 96-96 and 95-95 and declared a draw.

Key witnesses on blasphemy questioned

Key witnesses on blasphemy questioned JAKARTA (JP): The Attorney General's Office continued the investigation yesterday into psychic Permadi Satrio Wiwoho, despite his apology to Indonesian Moslems and President Soeharto. The Attorney General's Office questioned Gen. (ret.) Rudini, a former Home Minister, in connection with Permadi's controversial statements in a seminar at Gadjah Mada University, Yogyakarta, in April last year and at a local radio station in March, last year.

Property mart shines in SE Asian states

Property mart shines in SE Asian states SINGAPORE (AFP): Growth in Asia's property market this year will be driven mostly by Malaysia, Thailand, Singapore and Indonesia, according to international property consultants Jones Lang Wootton (JLW) yesterday. "The year looks promising for property investment (in these four Southeast Asian countries)," Nigel Raymond, chairman of JLW Asia said in a regional property market report released in Singapore.

New group to help pharmaceutical

New group to help pharmaceutical JAKARTA (JP): Five companies have established a consortium for the production of raw materials for pharmaceuticals which will help increase the efficiency of the country's pharmaceuticals manufacturers, an executive says. The president of PT Indofarma, Gunawan Pranoto, said yesterday that the consortium had been established, in response to a call from Minister of Health Sujudi, by Indofarma, PT Kimia Farma, PT Kalbe Farma, the Gemala Group and PT Tempo.

City okays loan to operator of car testing center

City okays loan to operator of car testing center JAKARTA (JP): Governor Surjadi Soedirdja has approved a loan of Rp 6 billion (US$2.72 million) to PT Suar Adhika Wahana Ujindo, a privately owned company appointed to open a vehicle testing center. An executive of the company, Kreshna H. Ismail, told reporters yesterday that approval of the loan enables the company to continue construction of the vehicle testing center project, which is projected to cost Rp 10 billion, in South Jakarta.

Students condemn Bintang's dismissal

Students condemn Bintang's dismissal SEMARANG, Central Java: Hundreds of students held a noisy demonstration here yesterday, protesting the dismissal of Sri Bintang Pamungkas, an outspoken legislator of the United Development Party. The students, from the Communication Forum for Development and the Anti-dismissal Commission, marched to the provincial office of the party.

Boat people

Boat people Clarification: In the story headlined Repatriation of boat- people on target on this page yesterday, UNHCR representative Jean-Noel Wetterwald was quoted as saying that "the Indonesian authorities are under control". His precise remarks should have read "The Indonesian authorities have the situation fully under control." -- Editor

Soaring yen may force govt review of project funding

Soaring yen may force govt review of project funding JAKARTA (JP): Senior officials said yesterday that the government is likely to review the financing of its projects, including those of the strategic industries, due to increasing pressure in honoring its foreign debt caused by the rising yen. "Yes, we might have to review the financing of most of the government's projects because the yen's appreciation (against the U.S.

Effects of shorter work weeks unclear

Effects of shorter work weeks unclear JAKARTA (JP): State Minister for Administrative Reforms T.B. Silalahi says reports by government agencies on five-day working week trials are not reliable because they are not supported by accurate data. The government agencies assigned to try out the shorter working week have all submitted their reports and recommendations, Silalahi said during a meeting with officials in Bandarlampung yesterday.

Logistic body to procure two million tons of rice

Logistic body to procure two million tons of rice JAKARTA (JP): The National Logistic Agency (Bulog) will procure at least two million tons of rice this year to increase its stocks. The move is aimed at the stabilizing prices on the domestic market, the agency's chief says.

USAID, RI start anti-AIDS project

USAID, RI start anti-AIDS project JAKARTA (JP): Indonesia and the United States Agency for International Development (USAID) has started a US$ 26.7 million project aimed at containing the spread of AIDS. Hidajat Hardjoprawito of the Indonesia's Ministry of Health and Charles F. Weden of USAID on Monday signed the HIV/AIDS Prevention Project (HAPP) which will support the existing anti- AIDS campaign. USAID will contribute US$20 million of the total funds.

Guard against Indian crooks

Guard against Indian crooks I read with interest the letter from Mr. Lalu Mara Satria Wangsa (The Jakarta Post, March 29, 1995), regarding two men, claiming to be from India, who robbed them of 3.5 million rupiah. My house was robbed by two Indians when my wife and I were away in India by using a similar ruse with our maid. With due apologies, the hypnotism theory is rubbish. I find most Indonesians trusting and polite and a gang of Indian crooks is taking full advantage of this.

Permadi case

Permadi case From Neraca Permadi, a popular psychic, is now in hot water. He was arrested and interrogated for his statement that insulted the Moslem community. His actions are endangering unity and national stability, and creating unrest in society. Let's learn a lesson from this case. Don't comment on anything that we are not familiar with. I agree that Permadi be brought to court for fair trial. USMAN HASIBUAN Jakarta

Australian govt honors Ali Alatas

Australian govt honors Ali Alatas CANBERRA (Reuters): Australia rewarded Indonesian Minister of Foreign Affairs Ali Alatas with a top honor for helping to mend the strained relations between the two nations. "He is a foreign minister who really counts and has made a difference," said Australian Foreign Minister Gareth Evans after Alatas was named an Officer in the Order of Australia.

Protesters go on trial

Protesters go on trial DILI, East Timor: The trial of 12 people, detained since January for allegedly holding a pro-independence demonstration at the University of East Timor, commences today. The trial of another protester, facing the same charges, began on Tuesday. The protesters will be tried for the commission of ordinary crimes rather than, as previously expected, for subversion. Subversion is one of the most serious offenses under Indonesian law. Those convicted may be punished with death.

Military says sale of unlicensed media led to reporters' arrest

Military says sale of unlicensed media led to reporters' arrest JAKARTA (JP): The Armed Forces (ABRI) says the arrest of three members of the Alliance of Independent Journalists (AJI) had nothing to do with their activities in the group. They were arrested because they were caught selling an unlicensed magazine, ABRI chief spokesman Maj. Gen. Syarwan Hamid said.

Young generation and narcotics

Young generation and narcotics In its recent report, this week, the daily Kompas revealed an appalling story about the narcotics indulgence of Jakarta's elite young generation. The trade of the contraband was transparent and the drug in question was mostly of the powerful type, whose worth in cash could be equivalent to the monthly wage of common workers. The report paints a gloomy picture of the life of our young generation.

RI needs to heed chaning EU policies

RI needs to heed chaning EU policies JAKARTA (JP): Indonesia needs to be more responsive to changes in the European Union as the regional integration process intensifies, ambassador Adrianus Mooy said. Mooy, who just completed his term as Indonesia's ambassador to the European Union, said yesterday that Indonesia must pay closer attention to the issues of human rights and East Timor in its relations with Europe.

Bojonegoro needs irrigation pumps

Bojonegoro needs irrigation pumps BOJONEGORO, East Java: The Bojonegoro regency needs at least 30 more water pumps to irrigate around 5,000 hectares of paddy fields along the Bengawan Solo River. "The additional pumps will be used to reduce the local farmers' dependence on the existing pumps, which the farmers have to hire," manager of the Bengawan Solo River development project, Gindo Hasibuan, said yesterday.

Sudirman project offers lots

Sudirman project offers lots JAKARTA (JP): PT Danayasa Arthatama, a company developing the Sudirman Central Business District (SCBD) in South Jakarta, will participate in next week's Hannover Fair '95 to invite international investors to erect buildings on its 'superblock'. "We will offer 17 of our 25 lots in the SCBD to international investors attending Hannover Fair '95 in Germany between April 2 and April 8," the company's president, Nasroel Chas, said on Tuesday.

'Cut levies on pager sales': Executive

'Cut levies on pager sales': Executive JAKARTA (JP): An executive suggested yesterday that the government reduce levies on the sales of pagers to promote the use of such telecommunications equipment in the country.

English debate on the death sentence

English debate on the death sentence JAKARTA (JP): An English debate will take place at the University of Indonesia campus in Depok next week. Called the Jakarta Varsities English Debate, it has been organized by the Local Committee of the Brussels-based Association Internationale des Etudiantes en Sciences et Commerciales (AIESEC) of the University of Indonesia.

Siemens, Bimantara win huge power contract

Siemens, Bimantara win huge power contract JAKARTA (JP): The state electricity company PLN is scheduled next week to award a contract to a consortium of Siemens AG of Germany and the Bimantara Group of Indonesia to establish two coal-fired power units worth US$2.1 billion in East Java. "The contract for the establishment of the Paiton II power project will be signed in Hannover, Germany, in the presence of President Soeharto," Minister of Mines and Energy I.B.

Building owners say no to street vendors

Building owners say no to street vendors JAKARTA (JP): The city administration's plan to relocate street vendors operating along Jl. MH Thamrin and Jl. Jend. Sudirman faces a new hurdle because building owners along the two major thoroughfares refuse to accommodate them in their complexes.

Matahari store in Jatinegara

Matahari store in Jatinegara JAKARTA (JP): City administration has finally given permission to the Matahari department store to operate in the Jatinegara Plaza building in East Jakarta, after Matahari fulfilled all requirements regarding the necessary permits. The approval, for the operation of the store, was disclosed in a meeting between members of City Council and representatives of PT Matahari Group, which owns the store, Antara reported.

Transmigration for hoodlums?

Transmigration for hoodlums? JAKARTA (JP): Governor Surjadi Soedirdja said yesterday that hoodlums made to participate in training courses should join the government-sponsored transmigration program or return to their hometowns instead of going back to Jakarta. "The training course will be meaningless if they remain in Jakarta because it is feared they will go back to their old habits as preman (hoodlums)," Surjadi said at City Hall.