Indonesian Political, Business & Finance News

Archive: 31 March 1995

48 articles found

Weekend in S'pore

Weekend in S'pore My son, who happens to work in Singapore, invited me to spend my weekend there on Feb. 17, 1995, and I enjoyed a wonderful time in Asia's 'Garden City.' If I say that the government takes good care of its citizens, by providing proper housing, efficient transportation and jobs, I would only parrot other foreigners' impression. Further, the city tries its utmost to preserve the environment in its natural state.

Hun Sen visits Thailand

Hun Sen visits Thailand BANGKOK (AFP): Cambodian Second Prime Minister Hun Sen was to hold talks with Thai Foreign Minister Krasae Chanawongse yesterday before meeting with businessmen in a bid to drum up investment in his country. Hun Sen, who arrived here on Wednesday, accompanied by his ministers for defense, economy and finance, industry, agriculture and tourism, is expected to issue a joint statement with Thai authorities, a Cambodian diplomat said.

Indonesia promoting bamboo-based products

Indonesia promoting bamboo-based products JAKARTA (JP): Indonesia will use the fourth international congress on bamboo in Bali this June to introduce its bamboo products to the world, local organizers of the gathering said. The congress, to be held in Ubud, is jointly organized by the Bambu Lingkungan Lestari Foundation, The Indonesian Institute of Sciences (LIPI) and the government.

Spotlight

Spotlight Photo A: Awards JP/alx HOUSING AWARDS: President Soeharto presents Satya Lencana Kebaktian Sosial (social services awards) to 25 prominent businessmen including Prayogo Pangestu (center), Ibrahim Risyad (left) and Henry Pribadi (right) for their participation in urban improvement projects in Jakarta's slum areas. The awards were given at the opening ceremony for the low-cost apartment complexes in Bidara Cina, Jatinegara, East Jakarta last weekend.

New registration for developers

New registration for developers JAKARTA (JP): The city administration will apply a new regulation governing the registration of developers and suppliers handling the city-owned projects starting tomorrow. Harun Al-Rasyid, head of the city's pre-qualification committee, said that the new regulation is in line with the Presidential Instruction No. 16/1994 regarding the guidelines of the regional budget for the 1995/1996 fiscal year.

'Preman' pledge to turn over new leaf

'Preman' pledge to turn over new leaf JAKARTA (JP): More than 1,000 former street hoodlums, known locally as preman, have taken an oath that they will turn over a new leaf and help the government fight against crime. The oath was read by Udin Balok before Minister for Youth Affairs and Sports Hayono Isman in a ceremony at the Aneka Krida Sports Hall on Wednesday, Antara reported. Udin once served a four-year jail term at the Cipinang Correctional Institute here.

Raden Saleh, Le Meyeur lead SE Asian art market

Raden Saleh, Le Meyeur lead SE Asian art market By Kunang Helmi Picard SINGAPORE (JP): On viewing day in Singapore a remarkable scene occurred. Standing in front of a striking painting of Legong Dancers resting by Thai artist Rearngsak Boonyavaniskul were two slim and expensively dressed Asian beauties talking to a sophisticated young man. Gesticulating excitedly, one stated emphatically: "I definitely like this one because of its colors but it's not wide enough, besides, it has a low estimate.

Wahono warns of widening wealth gap

Wahono warns of widening wealth gap JAKARTA (JP): Speaker of the House of Representatives (DPR) Wahono yesterday warned that Indonesia must quickly address the gap that is widening between the rich and the poor. Wahono said existing wealth disparities, between groups and between regions, could fuel unrest to the point of threatening national unity.

Fake Louis Vuitton products seized from duty free shops

Fake Louis Vuitton products seized from duty free shops JAKARTA (JP): Police have confiscated hundreds of pieces of fake Louis Vuitton leather products from three duty-free shops at Ngurah Rai airport in Bali following complaints from the Paris- based Louis Vuitton Malletier. Louis Vuitton's local lawyer, P.D.D.

University students tend to be radical, minister says

University students tend to be radical, minister says JAKARTA (JP): Student activists are showing signs of radicalism, meddling in politics and criticizing the government, according to Coordinating Minister of Political Affairs and Security Soesilo Sudarman. After meeting with ministers under his supervision, Soesilo told journalists that some student activists had participated in street protests organized by non-governmental organizations.

Acetic acid firm expands to meet domestic demand

Acetic acid firm expands to meet domestic demand SURAKARTA, Central Java (JP): The country's first acetic acid manufacturer, PT Indo Acidatama Chemical Industry, has increased its production capacity by 50 percent to 33,000 tons per annum to help satisfy domestic demand. Minister of Industry Tunky Ariwibowo inaugurated the company's expanded operation in a ceremony here yesterday.

Mahathir's speech

Mahathir's speech In the March 29, 1995 issue of The Jakarta Post, I read "Other Opinion" and, in particular, the translation of an article from Kompas, under the title Mahathir reigns until 2020? This letter should, in fact, be sent to Kompas. The Jakarta Post quoted Mahathir's speech on March 27, 1995 (page 14). The Malaysian Prime Minister indeed remarked that five years are not enough for a government and that the Barisan Nasional has already ruled for 44 years.

Govt declares war on drugs

Govt declares war on drugs JAKARTA (JP): Deputy Governor for Social Welfare R.S. Museno announced yesterday that the city administration would take firm action against anyone found to have trafficked in banned drugs. Museno said it was impossible for the city administration to tackle the problem working on its own.

Pertamina appoints officials

Pertamina appoints officials JAKARTA (JP): The state oil company Pertamina, consistent with its restructuring plan, no longer has regional general managers. Instead it appoints chiefs of its operational units in the region, a spokesman says. Didi Sunarwinadi said in a statement yesterday that the company simultaneously appointed new operational chiefs for its regional offices on Tuesday. The new officials included Ambar Sudjiono for Rantau in North Sumatra, Arifin A.

Stock Exchange

Stock Exchange Share prices on the Jakarta Stock Exchange (in rupiah) on March 30, 1995: Shares Close Change Trading Volume -------------------------------------------------------- ADES ALFINDO 2,525 0 AHAP INSURANCE 3,300 2,500 ALUMINDO PERKASA 1,100 0 ANDAYANI MEGAH 2,150 -50 14,500 ANEKA KIMIA RAYA 5,300 0 ANWAR SIERAD 1,325 25 61,500 AQUA GOLDEN MISSISSIPI 2,800 0 ARGHA KARYA PRIMA INDUSTRY 1,900 -25 592,500 ARGO PANTES 2,650 100,000 ASIANA IMI INDUSTRIES 1,300 0 ASTER DHARMA INDUSTRY 800 0...

Private sectors helping out transmigration

Private sectors helping out transmigration JAKARTA (JP): Several hundred private companies have invested about Rp 9.7 trillion (US$4.4 billion) over the past several years to convert 3.25 million hectares of idle land into productive fields for transmigrants, a cabinet minister said. Minister of Transmigration Siswono Yudohusodo said that more companies are interested in contributing to the government's effort to redress resettlement problems.

RI to keep fiscal policy prudent

RI to keep fiscal policy prudent JAKARTA (JP): President Soeharto assured a visiting World Bank delegation yesterday that Indonesia would continue its sound economic management and would always be prudent in managing its foreign debts. The President, according to Finance Minister Mar'ie Muhammad, made the remarks in response to a suggestion from the World Bank team that the Indonesian government step up its sound macro- economic management in light of an uncertain international economic climate.

Cataract surgery on 25 poor people

Cataract surgery on 25 poor people JAKARTA (JP): The Jakarta branch of the Indonesian Journalists Association, in cooperation with the Metropolitan Medical Center hospital, sponsored cataract operations on 25 poor patients free of charge on Wednesday. The free surgery, which was conducted by a team of doctors from the MMC hospital, was one of various social activities being held by the two institutions in conjunction with their anniversaries, Antara reported.

KONI to checkout Thai preparations

KONI to checkout Thai preparations JAKARTA (JP): The National Sports Council (KONI) needs to investigate out how strong Thailand actually is. Thailand will host the 18th Southeast Asian Games slated for Dec. 9-17 and has been said to have the greatest chance to become overall champion of the Games. "We will send a delegation to Thailand to find out their preparations so that we can make our strategy more effective," the sports controlling body chairman Wismoyo Arismunandar said on Wednesday.

Officials urged to heed complaints

Officials urged to heed complaints PEKALONGAN, Central Java: Vice President Try Sutrisno called on government officials yesterday to be responsive to the people's wishes. "Never consider people's complaints unimportant because that attitude will only create the impression that officials turn a deaf ear to them," he said during a meeting with local officials and community leaders.

Per capita income and prosperity

Per capita income and prosperity The Head of the Central Bureau of Statistics (BPS), Soegito, after a meeting with the President on Monday said the Indonesian per capita income had increased from US$670 in 1993 to $884 in 1994 while the rate of economic growth last year was 7.3 percent compared to 6 percent in 1993. The rise in per capita income and of the economic growth rate is of course, from the point of view of growth, an indication of Indonesia's successful development efforts.

Breckers' band brings joy to jazz fans

Breckers' band brings joy to jazz fans By Paul W. Blair JAKARTA (JP): Music listeners who have already had a chance to become familiar with Out of the Loop, the newest recording by the Brecker Brothers, will be intrigued to see some of the pieces from that album performed live by their band this week in Jakarta. For one thing, it's clear that this six-man ensemble has no trouble bringing the snap and polish of their recorded versions to their live shows.

Norwegian MPs due in town

Norwegian MPs due in town JAKARTA: Twenty members of the finance committee of the Norwegian parliament are due here tomorrow for a five-day visit to study Indonesia's economic growth, planning and strategies. The parliamentary members will meet with Minister of Finance Mar'ie Muhammad, State Minister for National Development Planning/Chairman of the National Planting Board Ginandjar Kartasasmita and members of the House of Representatives.

Vietnam and Russia cooperate on South China Sea research

Vietnam and Russia cooperate on South China Sea research HANOI (AFP): Vietnam is to cooperate with Russian scientists to survey areas of the country's continental shelf and to gather data on weather in the South China Sea, an official said yesterday. Six projects are planned for 1995, an official from the Vietnam Hydroemeteorological Institute said, adding that financial problems had any prevented any getting underway yet.

Social, political changes have to be managed

Social, political changes have to be managed JAKARTA (JP): The social and political rigidity which results from a long-term stable administration needs to be diffused, but the resulting changes have to be managed properly to prevent chaos, guests on a TV chat show concluded yesterday. The panel discussion was held by the private television station SCTV to celebrate the first anniversary of the Perspektif program. The discussion was led by the show's host, Wimar Witoelar.

Child kidnapping haunts Kendari

Child kidnapping haunts Kendari KENDARI, Southeast Sulawesi: Concern is growing, notably among parents, over the increasing incidence of child abduction for ransom. Four children have been reported missing over the past few weeks, and one six-year-old child is known to have been abducted. Police recently raided the hideout of one kidnapper and rescued the son of a businessman.

Singapore tightens rules after bunker fuel scandal

Singapore tightens rules after bunker fuel scandal SINGAPORE (AFP): Singapore, the world's top bunkering port, announced yesterday that it was tightening procedures following official confirmation that bunker fuel sold to some vessels here was contaminated. Under the new rules, bunker suppliers must now comply with international standard specifications, Minister of State for Trade and Industry Goh Chee Wee said.

Police still investigating 'arisan' scheme

Police still investigating 'arisan' scheme JAKARTA (JP): City police detectives are still unable to decide the legality of the controversial Danasonic arisan savings chain enterprise, which has operated for three years and has about 10 million people participating in it. Arisan is actually a periodic gathering to draw lots for an aggregate sum of money contributed by the members.

Planning for security

Planning for security It seems the authorities meant business when they assured the public earlier this month that the campaign against street hoodlums would continue for as long as they remained a public scourge. Jakartans have been assured that the campaign is no whim of the moment spurred by the death of a police cadet some time ago. And true enough, reports of new arrests of preman continue to appear on the pages of newspapers almost every day.

Petronas gets $460m loan

Petronas gets $460m loan KUALA LUMPUR (AFP): Malaysia's national oil firm Petronas yesterday secured a 1.15-billion-ringgit (US$460-million) short- term loan from 25 financial institutions to fund its futuristic twin tower project for the next two years. Through its unit, Midciti Resources Sdn. Bhd. -- the company developing the Petronas twin towers -- the oil corporation sealed a deal with 24 banks as well as the national Employees Provident Fund for a revolving credit facility.

Hanged Filipina maid may have been "innocent": official

Hanged Filipina maid may have been "innocent": official MANILA (AFP): The head of a Philippine government inquiry into the circumstances surrounding the hanging of a Filipina maid in Singapore said yesterday it had evidence that she may have been innocent. "We are receiving evidence that Flor Contemplacion may not have committed the offense," said Emilio Gancayco, retired Supreme Court justice and head of the body investigating the March 17 hanging of Contemplacion, 42.

Where to go in Bali:

Where to go in Bali: Music and entertainment * Nusa Dua Beach Hotel: Budaya Stage - Legong Buffet Dinner, Friday; Ramayana Buffet Dinner, Monday. Coffee Shop - Indonesian Night with Joged Dance, Saturday. Village Night with Frog Dance, Tuesday. Notte Italiana with Capo Dastro Quartet, Thursday. Poolside - BBQ Night with Hawaiian Band, Wednesday. * Sheraton Lagoon Nusa Dua Beach: Poolside Terrace - Janger Cultural Performance, Friday. Pasar Ikan Seafood Market, Saturday.

Bekasi leads national drive against polio

Bekasi leads national drive against polio By Prapti Widinugraheni BEKASI, West Java (JP): The try-out for an ambitious health program aimed at eradicating polio nation-wide began this week in this administrative town adjacent to Jakarta. Launched by Bekasi Deputy Regent Dede Satibi, Tuesday's ceremony was attended by the ministry of health's Director General of Contagious Disease Control and Environmental Health, Hadi M. Abednego, as well as representatives of donor organizations and companies.

Parahiyangan train

Parahiyangan train From Kompas A few days ago several newspapers published the complaint of Bapak Hasjrul Harahap, over the service of the Parahiyangan train. With regard to the complaint we would like to clarify as follows. As soon as we knew about your complaint we instructed the Director of Operation of the Railway Company to investigate the case.

Great expectations?

Great expectations? Consider: "In any case, since Indonesia is a country that is based on law and because everyone is expected to respect the supremacy of the law and the presumption of innocence, care should be exercised" (from the March 22, 1995 Post's editorial), and consider: "City police have detained 307 of the 5,340 street hoodlums arrested in their massive on-going operation for alleged involvement in crime..." and: "...Those not found to have been involved in crime have been released,...

Bill on correctional system

Bill on correctional system JAKARTA (JP): The government yesterday presented to the House of Representatives a bill on the correctional system, seeking to reaffirm the principle of imprisonment as a means of rehabilitation rather than punishment.

Council endorses rise in health center fees

Council endorses rise in health center fees JAKARTA (JP): City council accepted a proposal to increase the fees of social and public facilities, to replace the old regulation which was issued in 1985, during a plenary meeting yesterday. The new regulation stipulates new fees for various social facilities owned by the city administration such as Puskesmas (community health centers), museums and the planetarium.

Utut to boost his elo rating

Utut to boost his elo rating JAKARTA (JP): In his effort to notch an elo rating of 2,600, Grand Master Utut Adianto, currently Indonesia's number one chess player, will challenge about 40 of the world's best grand masters at the US$100,000 New York Open between April 12 to 16. Utut, whose previous elo rating was 2,585 as registered at the world chess body FIDE, increased his rating to 2,595 during last year's Moscow Chess Olympics. He is now on the prowl for just five more points.

Conference calls introduced

Conference calls introduced JAKARTA (JP): The country's leading telecommunications operator, PT Indosat, launched yesterday Indosat International Conference Call, a facility allowing a simultaneous conference between 10 people in different countries. Indosat's commercial director, Bambang Sulistyo, said that the new service was expected to help boost business activity because, using the service, businessmen would be able to save both time and expense in coordinating their dealings.

China's subtle moves in the Spratlys

China's subtle moves in the Spratlys By Bilveer Singh SINGAPORE (JP): The end of the Cold War has brought no real respite or peace dividends to Southeast Asia. Today, the South China Sea dispute represents the single most important flash point in Southeast Asia and developments in the contentious sea since 1991 have not been encouraging. The problem is essentially China and China-related.

Indosuez Bank to raise capital

Indosuez Bank to raise capital JAKARTA (JP): Indosuez Indonesia Bank (IIB), an Indonesian- French banking venture, will more than double its paid-up capital from Rp 20 billion (US$9 million) at present to Rp 50 billion by the end of this year, an executive says.

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.

Extend retirement age as life expectancy increases

Extend retirement age as life expectancy increases JAKARTA (JP): Indonesia should extend the mandatory retirement age from 55 at present to 65, given that the average life expectancy has now increased to 65, a leading psychiatrist says. Prof. Dadang Harawi of the University of Indonesia in Jakarta said yesterday that many people in Indonesia are not prepared to retire at the age of 55 because they feel they're strong enough to continue working.

Holiday

Holiday In commemmoration of the Hindu Day of Silence, The Jakarta Post will not appear on Saturday. The Post will resume publication on Sunday. -- Publisher

Taipei saves no. 1 for David doubles

Taipei saves no. 1 for David doubles JAKARTA (JP): Surprisingly, Chinese Taipei yesterday decided not to field its number one singles player Lien Yu-hui in the opening match against Indonesia at the second round of the Davis Cup play-off at Senayan tennis stadium this morning.

Timber firm gets out of Yamdena

Timber firm gets out of Yamdena AMBON, Maluku: PT Alam Nusa Segar has ceased operations on Yamdena Island following heavy pressure from local people and an environmental organization. Coordinator of the Environmental Development Organization (BLH), Hamid Rahayaan, said yesterday that the company quit after operating for a year on the island.

Central bank plans special instrument for Islamic banks

Central bank plans special instrument for Islamic banks JAKARTA (JP): Bank Indonesia (the central bank) is preparing a money market instrument to back up the operation of Islamic banks in the country. Mansurdin Nurdin, a central bank director, said yesterday that the establishment of the new market instrument is one of the central bank's important programs in supporting Islamic banks in Indonesia.

ASEAN economies to grow 7.9% in 1995

ASEAN economies to grow 7.9% in 1995 KUALA LUMPUR (AFP): Growth in the ASEAN region is expected to accelerate by 7.9 percent this year, led by Malaysia and Singapore, amid improvements in the global economy and capital inflows, Malaysia's central bank said.