Indonesian Political, Business & Finance News

Archive: 26 May 1995

46 articles found

Sino-American row worsens

Sino-American row worsens BEIJING (Reuter): China yesterday threatened new reprisals unless Washington rescinds its decision to allow a visit by Taiwan President Lee Teng-hui, saying reunification with the Nationalist-ruled island outweighs Sino-United States ties. "If the United States does not return to the correct course...the Chinese side would make further response," Chinese Foreign Ministry spokesman Shen Guofang told a regular weekly news briefing.

Freeport to spend US$36 million on environment

Freeport to spend US$36 million on environment JAKARTA (JP): PT Freeport Indonesia, the giant American copper mining company, announced on Wednesday that it plans to spend US$36 million to protect the environment around its mining operation at Tembagapura in Irian Jaya. Freeport, often a target for attacks by environmental groups, said it plans to build a waste treatment plant capable of processing 110,000 tons of deposit waste, which is produced everyday.

Decree lists restricted business sectors

Decree lists restricted business sectors JAKARTA (JP): The negative investment list in Presidential Decree No 31, 1995, which was issued on Tuesday as part of the government's latest deregulation package, contains four categories of restricted business activities. The first category contains business sectors which are closed to wholly foreign-owned companies. The second category consists of those entirely closed to wholly and partly foreign-owned companies.

Golf course affair

Golf course affair I read with interest your editorial Golf: Complicated game on May 18, 1995 about Bira Island and how familiar this all sounds. How does the developer escape prosecution for so obviously flouting Indonesian planning and environmental laws? How does the City Administration explain how they allowed irreparable damage be done to Bira Island, part of the protected area of the Thousand Islands? Surely it is difficult to hide building a golf course?

TV today

TV today TVRI 2:30 p.m. TV Series: Kabuto 3:05 Langka & Unik 3:30 Science Program 4:05 School Quiz: Cerdas Cermat 4:30 Youth Program 5:00 Regional News 5:30 Dunia Pustaka 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Karya Nyata 7:00 Evening News 7:30 Dinamika 8:05 Music 9:00 World News 9:25 Quiz: Siapa Dia 10:25 Film: Decameron Night 10:55 Late News 11:05 Film: Decameron Night (continued) Program 2 4:30 p.m.

Land appropriation to be checked

Land appropriation to be checked JAKARTA (JP): Deputy Governor Idroes said on Wednesday that he will check reports of improper land appropriation by a developer in Kebayoran Lama Selatan subdistrict, South Jakarta. "I will ask the City Planning Office about the matter, and take action against the developer if found guilty of violating the regulation by appropriating the wrong locations," Idroes said.

Operation against hoodlums

Operation against hoodlums JAKARTA (JP): National Police deputy chief in charge of operational affairs, Maj. Gen. M.B. Hutagalung, urged on Wednesday city police to strengthen their operation against hoodlums. He said that the police operation against hoodlums, who are locally called preman, will never be reduced.

Japan plans protest over espionage report

Japan plans protest over espionage report SYDNEY (AFP): The Japanese embassy said yesterday it plans an official protest against an Australian newspaper over a "groundless report" linking Japan with a hi-tech surveillance operation of the Australian embassy in Jakarta. Citing intelligence sources, yesterday's Sydney Morning Herald said listening devices or evidence of espionage had been uncovered in at least nine Australian diplomatic missions or residences abroad.

Discipline and skepticism

Discipline and skepticism From Bisnis Indonesia Stressing the need for Jakarta to set an example in the national discipline movement, Governor Surjadi Soedirdja called on the community to refrain from being skeptical and pessimistic about the results of the drive, despite the fact that discipline is still a luxury in everyday life. That this is so is evident in the way the people behave on the road--traffic chaos, according to the governor. The governor is absolutely right in saying so.

Malaysia announces anti-inflation step

Malaysia announces anti-inflation step KUALA LUMPUR (Agencies): Malaysian Deputy Prime Minister Anwar Ibrahim has unveiled several measures aimed at containing inflation and said more would be announced in the coming weeks. Anwar said Wednesday that the Malaysian government would take stern action against profiteers who hike prices of goods unnecessarily.

Obituary

Obituary Sunarti Soewandi, a classical singer and stage actress, otherwise known as the first wife of poet-playwright W.S. Rendra, died on Wednesday. She was 55 years old. According to her relatives, she died of uterus cancer at Mitra Keluarga Hospital in Bekasi. Sunarti began her career as a classical singer in the l950s. She met Rendra and married him in l959.

INRO calls for rubber pact

INRO calls for rubber pact KUALA LUMPUR (AFP): The International Natural Rubber Organization (INRO) ended two days of talks yesterday with a call on its 27 members to quickly ratify the new UN-brokered price pact hammered out in Geneva in February. INRO endorsed a call on the UN secretary-general to arrange for the new pact to be opened for signature from now until Dec. 28 for it to succeed the 1987 second International Natural Rubber Agreement (INRA II).

Unocal wells find gas and condensate in RI

Unocal wells find gas and condensate in RI SINGAPORE (Opecna): Unocal Indonesia, a subsidiary of the Unocal Corporation, said two exploration wells drilled in the Mahakam delta area, offshore East Kalimantan, tested significant quantities of natural gas and condensate. According to a company press release, there were also significant quantities of gas and condensates in two other producing fields in East Kalimantan.

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.

6-a-side soccer at Ragunan pitch

6-a-side soccer at Ragunan pitch JAKARTA (JP): Twenty-four teams are expected to take part in 12th six-a-side soccer tournament due to kick off tomorrow at the Ragunan stadium. The teams, mostly made up of expatriates residing in Indonesia, are either representing their companies or their countries, a committee official said yesterday. "Nine of the participating teams are Indonesian and 15 are expatriates," he added.

Matahari's profit up 47%

Matahari's profit up 47% JAKARTA (JP): Publicly-listed retailer PT Matahari Putra Prima reported a 47 percent increase in its net profit to Rp 15.8 billion (US$7.1 million) in the first quarter of this year over the same period of 1994. At a presentation in the Hotel Borobudur Inter-Continental on Tuesday, Matahari's management said the company recorded net sales of Rp 3372.4 billion during the first quarter of this year, up 80 percent from the same period of 1994.

Police chiefs disagree on extradition

Police chiefs disagree on extradition JAKARTA (JP): ASEAN police chiefs ended their three-day conference Wednesday agreeing to boost cooperation efforts, despite shooting down Indonesia's proposal on a regional extradition treaty. The 15th annual ASEAN Police (ASEANAPOL) conference was closed by Indonesia Police Chief Gen. Banurusman Astrosemitro. "We are determined to enhance cooperation in handling trans- national crime in ASEAN member countries," Banurusman said.

RI warned over aging population

RI warned over aging population JAKARTA (JP): Indonesia will have to anticipate the advent of a "boom in educated and elderly people" as opposed to a baby boom and all of its economic consequences, a noted demographer says. Aris Ananta, deputy director of the University of Indonesia's Demography Institute, predicted that the size of the population aged 60 years and above will increase from 11.3 million in 1990, to 17.8 million in 2005, and to 28.8 million in 2020.

Tangerang has new office building

Tangerang has new office building TANGERANG, West Java (JP): West Java governor R. Nuriana has officially opened a new office building in Tangerang named Windu Karya on Jl. A. Yani. The four-story building was constructed on a 1,850 square- meter plot of land at a cost of about Rp 1.6 billion (US$727,272), which came from the regional budget for the 1994/1995 fiscal year. The building will accommodate the town's 12 offices and institutions, Antara reported. (hhr)

Students raise funds for teachers

Students raise funds for teachers SALATIGA, Central Java: Students are raising funds to support their teachers who were sacked for demanding that the rector step down and that outspoken teacher Arief Budiman be reinstated. Following the dismissal of several lecturers, the latest being the dean of the School of Biology Dr. Bintoro Gunadi, a number of lecturers and employees have also gone on strike to protest their dismissals.

Jakarta to hosts 10-a-side rugby

Jakarta to hosts 10-a-side rugby JAKARTA (JP): Rugby teams from all over Asia will converge on the International Sports Complex Indonesia (ISCI) in Ciputat, South Jakarta, to battle it out in the Carlsberg-British Airways 10-A-Side Rugby Tournament tomorrow. The game of 10-a-side rugby combines the fast pace of 7s, made famous in Hong Kong, with the hard-hitting action of the traditional 15-a-side game, the world championships of which are currently being contested in Johannesburg, South Africa.

Book publishers body say tariff cuts come too late

Book publishers body say tariff cuts come too late JAKARTA (JP): Book publishers welcomed the slash in import tariffs on paper but said that the government's gesture came too late to have any impact on the prices of textbooks now being prepared for the new school year. The Indonesian Association of Book Publishers (Ikapi) also said that the tariff cuts would not solve the problem of printing paper and newsprint shortages.

Deregulation

Deregulation Yet another deregulation package has been announced. This time, 6,030 of the 9,398 import tariffs -- or 64.16 percent -- have undergone reductions. Judging by its span, the new deregulation measures taken are indeed quite fundamental. Clearly the government is making considerable allowances in many sectors. For example, the automotive sector. At the same time, however, protection is still being afforded to vital sectors, such as telecommunications, water supply and railways.

SE Asian countries to sustain growth

SE Asian countries to sustain growth MANILA (AFP): Southeast Asian countries' economies will continue to be the world's fastest growing in 1995, but bankers warned yesterday that vigilance against inflationary pressures was needed to sustain the growth. A paper released at the Southeast Asian Central Bank Governors Conference (Seacen) here said the region would post a 7.4 percent growth rate this year, slightly lower than 1194's 7.6 percent.

Another suspected killer dies in police custody

Another suspected killer dies in police custody JAKARTA (JP): Another detainee believed to have taken part in the killing of a police officer in Blok M, South Jakarta, in March died on Monday, a week after he was transferred to Kramatjati police hospital in East Jakarta. City Police spokesman Lt. Col. Bambang Haryoko confirmed that the man had died but declined to comment further.

Consortium needed to enter Europe

Consortium needed to enter Europe JAKARTA (JP): An Indonesian-Netherlands consortium should be set up to make the most of the opportunities and facilities offered by the Netherlands for Indonesian exports to the European market, according to a prominent Indonesian entrepreneur.

Deregulation not enough to address high costs

Deregulation not enough to address high costs JAKARTA (JP): Sofyan Wanandi, chairman of the widely- diversified Gemala business group, welcomes the latest reform measures but says the new package alone will not strengthen the competitive edge of industries. Sofyan praised the definitive scheduling of import tariff cuts for the next eight years to 2003 because the measure will provide a high degree of certainty for investors in planning projects.

RI has first export-oriented oil refinery

RI has first export-oriented oil refinery JAKARTA (JP): President Soeharto finally dedicated on Wednesday yesterday the country's first export-oriented oil refinery at Balongan, West Java, after more than three months of delay. Soeharto said that the operation of the newly completed refinery will play a vital role in the development of the country's oil industry.

Military cautious in Flores riot case

Military cautious in Flores riot case KUPANG, East Nusa Tenggara: Local military chief Col. Eliza Hehamahua promised that the Armed Forces will "wisely" handle the recent rioting in Maumere on the island of Flores which left one person dead. Hehamahua told reporters here Wednesday that this cautious approach was needed to create a peaceful climate in the region, and asked the public to stay calm.

PDI drafts bill to protect small businesses

PDI drafts bill to protect small businesses JAKARTA (JP): The Indonesian Democratic Party (PDI) is calling on the government and the House of Representatives to give greater legal protection to small-scale enterprises. "It's high time we had such laws. Small businesses should not be left backwards and poor," head of the party's research center, Kwik Kian Gie, told reporters here Wednesday.

PAM Jaya changes schedules

PAM Jaya changes schedules JAKARTA (JP): The city-owned water company PAM Jaya will open its subdistrict level counters throughout the city three days more than usual as of next month. Under the new schedule, every counter will open for 15 days a month as compared to only 12 days at present. The company said that the new schedule is meant to guarantee better service to consumers.

Tin group puts off talks on future of supply quotas

Tin group puts off talks on future of supply quotas KUALA LUMPUR (Reuter): Major world tin producers yesterday deferred talks on the future of an export quota scheme designed to slash huge stock overhang, but Indonesia remained adamant that the supply restrictions be abandoned. "The question of whether to extend or end the quotas will be re-examined at the next meeting in Bolivia in September," said a delegate to the Association of Tin Producing Countries (ATPC) executive committee meeting.

'Non Go-Blok' exhibit places students on fine arts map

'Non Go-Blok' exhibit places students on fine arts map By Amir Sidharta JAKARTA (JP): While the Contemporary Art of the Non-aligned Countries appear forcefully at Jakarta's Gedung Pameran Seni Rupa Gallery and other established cultural venues, a modest exhibit is quietly being staged by students of the Jakarta Arts Institute in their Fine Arts Exhibition Hall.

4,000 college graduates jobless

4,000 college graduates jobless PADANG, West Sumatra: Over 4,000 university graduates are now registered as job seekers in the local office of the Ministry of Manpower, Antara reported. Awaiting suitable employment are a number of graduates from the regencies of Padang Pariaman and Pesisir Selatan, and the township of Padang. In addition, there are currently over 7,700 high school graduates seeking jobs, according to the office spokesman Rusli Masri. (swe)

A welcome glimpse of fashion reality in Spring shows

A welcome glimpse of fashion reality in Spring shows Text and photos By Dini S. Djalal JAKARTA (JP): With busy work-schedules which allow little time for the gym, the average woman is an American size 8. She eats whatever is available when she has the time, and dresses for comfort and convenience. Why, then, is so much of fashion wearable only for rake-thin waifs on a diet of night-clubbing?

Govt backing down on sports' fund program

Govt backing down on sports' fund program JAKARTA (JP): The government is backing down on its plan to launch a new prize-filled savings program to finance sports activities, saying that it is willing to scrap the program entirely if it did not have the full support of the public. Coordinating Minister for Political Affairs and Security Soesilo Soedarman, said the plan to launch the program, known as Tapornas, still requires further in-depth study.

No stock table

No stock table Notice: Due to technical problems on computer links between the Jakarta Stock Exchange and The Jakarta Post, today's table of shares is not available. -- Editor

Susi's crunch match with Bang still in the cards

Susi's crunch match with Bang still in the cards LAUSANNE, Switzerland (AFP): Susi Susanti's eagerly-awaited rematch with Bang Soo Hyun became a step nearer to reality as both reached the quarter-finals at the world badminton championships here on Wednesday. World and Olympic champion Susi of Indonesia pushed South Korean Bang into the runner-up spot in both of those events.

Right or wrong, convicted Indonesians need legal aid

Right or wrong, convicted Indonesians need legal aid SEMARANG (JP): Indonesian citizens on death row in Malaysia need legal assistance from their countrymen, regardless of their immigration status, a leading human rights activist said. Muladi, a member of the National Commission on Human Rights said last week that, although some of the five Indonesians might be illegal immigrants, Indonesian lawyers must come and try to provide legal aid.

South Koreans beat Indonesia with elegance

South Koreans beat Indonesia with elegance JAKARTA (JP): A record 100,000 fans giving their relentless support to a highly spirited Indonesian team was not enough to stop South Korea's winning run in the Olympic Games qualifying round at the Senayan stadium yesterday. Captain Choi Yong-su struck twice to lift South Korea to a 2-1 away win, boosting his team's chances of making an appearance at the 1996 Olympics in Atlanta.

Trademark licensing in RI

Trademark licensing in RI By J.B. Lumenta JAKARTA (JP): If you want to license the use of a trademark in Indonesia, the law says that you must satisfy the following four basic statutory requirements: (1) The mark must be validly registered. There is no way in which a trademark pending can be the subject of a license (Trademark Act 1992, Article 44, para 1). (2) The duration of the license shall not exceed the duration or validity of the trademark registration (T.A. 1992, Article 44, para 2).

E. Timor to have new ABRI chief

E. Timor to have new ABRI chief DILI, East Timor: Local military chief Col. Kiki Syahnakri will hand over his post tomorrow to Col. L. Simbolon. Udayana Military Command chief Maj. Gen. Adang Ruchiatna--whose territory covers the Nusa Tenggara, Bali and East Timor provinces--will lead the ceremony. Kiki, who held the position for eight months, told the Post he will be posted at military headquarters in Jakarta. The usual term for local military chief is 14 months. L.

Governor says phase out old transit vehicles

Governor says phase out old transit vehicles JAKARTA (JP): Governor Surjadi Soedirdja reiterated on Thursday that sooner or later all outdated vehicles currently operating in the city will be phased out. "Sooner or later, all vehicles, which are considered no longer appropriate for operation in the city, will be phased out," Surjadi said after swearing in the new chief of the Provincial Prosecutor's Office on Wednesday.

21st Highland Gathering

21st Highland Gathering JAKARTA (JP): The 21st Jakarta Highland Gathering, an annual celebration of Scottish sports and culture, is scheduled to be held at Senayan Stadium, South Jakarta, on Sunday. The Gathering's chairman, J. Crawford Hogarth, said on Wednesday that the function was one way of introducing Scotland's culture to Indonesian people. "We hope to introduce our culture to all Indonesians," he said.

Faldo, Langer will battle at Masters

Faldo, Langer will battle at Masters JAKARTA (JP): World beaters in golf, England's Nick Faldo and Bernhard Langer of Germany will lead a pack of 120 players, vying for the top honor in the Alfred Dunhill Masters at the Emerald One layout in November. World number three Faldo and his number five counterpart will be the two world class golfers to watch at the US$400,000 tournament.

Developing world key to future prosperity: OECD

Developing world key to future prosperity: OECD PARIS (Reuter): Rich nations may feel their jobs and wages are threatened by emerging economies of the developing world, but their gains from new and lucrative markets will far outweigh the costs, the OECD has said. If China, India and Indonesia maintain their rapid economic growth rate of six percent a year, by 2010 their total output of goods and services would almost double to 60 percent of the output in the developed world.