Indonesian Political, Business & Finance News

Archive: 4 May 1995

50 articles found

KL's L&G buys RI firm

KL's L&G buys RI firm KUALA LUMPUR (AFP): Diversified Malaysian company Land and General Bhd. yesterday sealed a US$108 million deal to acquire a major stake in an integrated timber complex in Indonesia in a move to bolster its timber division. Land and General signed an agreement to buy the entire equity stake of Kinley Trading Ltd. from Hoiwin Enterprises Ltd., both investment holding companies incorporated in the British Virgin Islands.

Stock Exchange

Stock Exchange Share prices on the Jakarta Stock Exchange (in rupiah) on May 3, 1995: Trading Shares Close Change Volume ------------------------------------------------------ ADES ALFINDO 2,725 0 AHAP INSURANCE 3,300 0 ALUMINDO PERKASA 1,100 0 ANDAYANI MEGAH 2,075 125 440,000 ANEKA KIMIA RAYA 5,400 0 ANWAR SIERAD 1,275 25 120,500 AQUA GOLDEN MISSISSIPI 2,800 0 ARGHA KARYA PRIMA INDUSTRY 1,725 125 644,000 ARGO PANTES 2,600 50 50,000 ASIANA IMI INDUSTRIES 1,100 0 ASTER DHARMA INDUSTRY 550 -300...

Southern Java prone to rabies

Southern Java prone to rabies CILACAP, Central Java: The local health office has warned that the regencies of Cilacap, Ciamis, Banjarpatoman, Majenang, Pangandaran and Kampunglaut as currently susceptible to rabies. Head of the office Sumali told The Jakarta Post yesterday that three farmers from Cilacap were presently being treated at a local hospital after being bitten by a rabies-infected dog.

The West and Islam

The West and Islam The AFP report published in The Jakarta Post dated March 30, 1995, entitled UK told to bridge gap between Islam and the West is to me refreshing to read. Prince Charles' call to Britain to play the role of bridge builder between the west and Islam, openly recognizes the existence of a serious gap between the two. Hence, the call to bridge the gap came from heir to the British throne himself.

Companies back transmigration

Companies back transmigration JAKARTA (JP): Fourteen Jakarta-based companies have expressed interest in a program for establishing industrial services at the Landasan Ulin transmigration project in Banjar, South Kalimantan. Haryo Kusumowardhono of the Jakarta office of the Ministry of Transmigration told reporters the participation of the 14 companies follows the support by seven Jakarta-based firms of the same program last year.

Mahathir inducts five new faces into cabinet

Mahathir inducts five new faces into cabinet KUALA LUMPUR (Agencies): Malaysian Prime Minister Mahathir Mohamad yesterday announced five appointments to his new cabinet but left key ministerial positions unchanged.

S. African Mbeki visits Malaysia

S. African Mbeki visits Malaysia KUALA LUMPUR (AFP): South African deputy president Thabo Mbeki arrives today for a one-day visit to strengthen bilateral ties, foreign ministry officials said yesterday. Mbeki is scheduled to meet Prime Minister Mahathir Mohamad and his deputy Anwar Ibrahim as well as attend briefings at the Economic Planning Unit of the Prime Minister's department.

Philippine investment down

Philippine investment down MANILA (AFP): Foreign investment in the Philippines fell 14.12 percent on the previous year to US$1.459 billion in the three months to March, but the country appears to have escaped the worst of the fallout from Mexican crisis, the Central Bank said yesterday.

Malaysian central bank unveils Labuan plans

Malaysian central bank unveils Labuan plans KUALA LUMPUR (AFP): Malaysia's top banking official has invited the world's best banks to make home on the eastern Labuan island to turn the tiny offshore financial center into the biggest in the region, a report published yesterday said.

RI would welcome Japanese textiles

RI would welcome Japanese textiles JAKARTA (JP): Japan would be better off relocating its textile manufacturing activities to Indonesia rather than invoking protectionist measures against imports, Chairman of the National Agency for Export Development Rudy Lengkong said yesterday.

Army chief on Timor, Irian tour

Army chief on Timor, Irian tour DENPASAR, Bali: Chief of the Army Gen. R. Hartono is scheduled to tour Dili, East Timor and Jayapura, Irian Jaya, after a one- day visit to Bali yesterday. Hartono was quoted by Antara as saying that his visit, during which he would meet with local senior officers, had no special mission and there was no "urgent matter" to be attended. He said he intended the trip to be an opportunity for him to introduce himself as the army's new chief.

Mandela's threat harks back to apartheid age

Mandela's threat harks back to apartheid age By Rich Mkhondo JOHANNESBURG (Reuter): By threatening to cut funds to rebellious KwaZulu-Natal, President Nelson Mandela appears to have adopted the tactics used by South Africa's former white governments against errant black homelands, analysts said. Mandela told a rally on Monday that Pretoria's funding for KwaZulu-Natal might be cut if the province's ruling Inkatha Freedom Party (IFP) continued to threaten his government.

First phase of haj operation completed

First phase of haj operation completed JAKARTA (JP): The first phase of this year's haj operation was completed when the last plane carrying Indonesian pilgrims to Mecca left from Jakarta's Halim Perdanakusuma airport on Tuesday night. Altogether, the government has sent 454 flights and 197,000 Indonesians to Riyadh since the haj operation was launched on April 3. The next phase will be to bring them home once the haj pilgrimage is completed.

Pasar Jaya employee questions dismissal

Pasar Jaya employee questions dismissal JAKARTA (JP): A former employee of Petojo Ilir market, in Central Jakarta, managed by the city-owned market company PD Pasar Jaya, questioned yesterday a decision made by the management to dismiss him as the market's security chief.

Importing cement

Importing cement Shortly, a number of state enterprises, under the jurisdiction of the Ministry of Industry, will be importing cement from Jordan and Mexico, amounting to 2.4 million tons, which is about the equivalent of the capacity of a new cement mill. By importing cement it is hoped that the price of the commodity will remain stable, at the level of the regional benchmark prices recently set by the government. We have a good deal of experience with regard to cement.

New customs bills an improvement: economists

New customs bills an improvement: economists JAKARTA (JP): Economists grouped in the Econit think tank are applauding the new bills on customs and excise, calling them more consistent with international trade rulings and more accommodative to the roles of the country's authorities.

RI seeks clemency for workers on death row

RI seeks clemency for workers on death row JAKARTA (JP): The government is seeking clemency for five Indonesian workers on death row in Malaysia, a senior official of the manpower ministry said yesterday. Director General for Manpower Placement Abdul Rachim said the government, through the Indonesian Embassy in Malaysia, would ask the Malaysian government to reduce the sentences to life imprisonment.

Adrianus Taroreh's career threatened

Adrianus Taroreh's career threatened JAKARTA (JP): A stunning blow was thrown Adrianus Taroreh's way yesterday, perilously threatening his bid for the world championship title bout. Bian Sondakh is not Adrianus' sparring partner, but his stinging decision to dissolve his boxing club could send the Orient and Pacific Boxing Federation lightweight champion reeling to his corner.

Murayama pledges peace with China

Murayama pledges peace with China BEIJING (Reuter): Japanese Prime Minister Tomiichi Murayama marked the first day of a visit to China yesterday by touring the site of a 1937 clash that triggered all-out war. He called the 50th anniversary of the war's end a new starting point in ties.

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.

RI to host stores' meeting

RI to host stores' meeting JAKARTA (JP): PT Matahari Duta Prima will host the 49th general assembly of the Intercontinental Group of Department Stores (IGDS) in June. "I have prepared a range of activities to promote Indonesia's tourism industry," Hari Dharmawan, president of Matahari Duta Prima, said in a statement yesterday. The Lausanne-based IGDS, which currently has 26 members from 25 countries, has elected Hari as its new president for the period 1995-1997 . (rid)

Court rules in Tempo's favor

Court rules in Tempo's favor JAKARTA (JP): An extraordinary landmark was made in Indonesia's press history yesterday when the Jakarta State Administrative Court ruled in favor of the ex-Tempo employees and their lawsuits against Minister of Information Harmoko for the revocation of the magazine's publishing license.

Govt denies barring journalist

Govt denies barring journalist JAKARTA (JP): The government denied press reports yesterday that it has barred a senior journalist of the Sydney Morning Herald from entering Indonesia. Indonesian Ambassador to Australia Sabam Siagian told The Jakarta Post that David Jenkins had obtained a visa from the Indonesian consulate in Sydney especially to cover last month's Asia-Africa Conference anniversary in Bandung. "He obtained permission to attend the gathering but he did not go.

Newcomer designer Populo offers elegant simplicity

Newcomer designer Populo offers elegant simplicity By Dini S. Djalal JAKARTA (JP): As fashion shows go, this was different. The man strolled out in a white T-shirt and white cotton trousers, dark sunglasses masking a famous face. But the glaring spotlights and the cheering audience lining the runway gave the game away: pop singer Harvey Malaiholo was modeling the latest collection of Indonesia-based design house Populo. He wasn't the only non-professional model in the show.

India could again help Sri Lanka

India could again help Sri Lanka By Rohan Gunasekera COLOMBO (Reuter): India could help Sri Lanka fight Tamil guerrillas with a naval blockade and logistics support, but it is unlikely to commit troops to the island again, defense analysts and diplomats said on Tuesday. "Sri Lanka surely could do with Indian help," a Western diplomat told Reuters. "India could mount a sea blockade for a start (to cut off Tamil rebel supplies).

ASEAN, EU agree on Asia-Europe summit

ASEAN, EU agree on Asia-Europe summit SINGAPORE (AFP): ASEAN and the European Union (EU) set the ball rolling yesterday for an inaugural summit of Asian and European leaders to guide relations between the two continents into the next century. ASEAN's initiative for the summit, to be hosted by Thailand in March 1996, was endorsed by the EU on the first day of a two-day meeting of senior officials here, a Singapore foreign ministry officials said.

Bintang a suspect in German protests

Bintang a suspect in German protests JAKARTA (JP): Controversial member of the House of Representatives Sri Bintang Pamungkas has been formally named as a suspect in the police investigation into anti-government protests in Germany last month, Attorney General Singgih said yesterday. Singgih told reporters that the fact that Bintang had now been implicated in a criminal case was sufficient reason for the government to bar him from leaving the country.

Alatas honored by Australia

Alatas honored by Australia JAKARTA (JP): Australian Governor-General Bill Hayden yesterday honored Minister of Foreign Affairs Ali Alatas by investing him as an Honorary Officer in the Order of Australia. The award was given for Alatas' efforts in strengthening the often difficult relations between Jakarta and Canberra. "I can think of no one more suitable than Mr.

Ancol park's overdue parking fees payment reaches Rp 11b

Ancol park's overdue parking fees payment reaches Rp 11b JAKARTA (JP): Overdue parking fees payable by PT Pengelola Taman Impian Jaya Ancol, which manages the Ancol Dreamland park in North Jakarta, have reached about Rp 11 billion (US$5 million), a city councillor said yesterday. H. Helmy AR. Syihab, chairman of the city council's Commission C, which is in charge of financial affairs, said that the overdue fees were payable in respect of the period between 1990 and 1994.

RI to hold overseas expos

RI to hold overseas expos JAKARTA (JP): PT Humpuss Madya Pratama announced yesterday that it plans to promote Indonesia's production and services capabilities at exhibitions in Singapore between Aug. 2 and Aug. 6 and in Beijing between Oct. 5 and Oct. 9.

More cash needed to finance city dredging program

More cash needed to finance city dredging program JAKARTA (JP): The dredging of the city's rivers are being hindered by a lack of funds, according to City Public Works Office chief Soeharto. Soeharto said that the city administration should provide more funds from its budget to facilitate the implementation of an intensive dredging program as part of the municipality's program to normalize the functioning of the city's rivers.

40m Indonesians cannot speak 'Bahasa': Expert

40m Indonesians cannot speak 'Bahasa': Expert JAKARTA (JP): As the government prepares to launch a campaign encouraging the proper and correct use of the Indonesian language, a linguistics expert has claimed that as many as 40 million of the country's 193 million people have no knowledge of the national language. Bahasa Indonesia, the country's official language since 1928, is still not known by a large segment of Indonesian society, Anton Moeliono said.

Security for Asia

Security for Asia Until now, many Asians assumed they could do without the sort of security infrastructure that contained the much more straightforward East-West rivalry in Europe. Like it or not, ASEAN needs others' support to counter Chinese power. Indeed, the key to Asian security in the future, as in the past, will be keeping America militarily engaged. That is something many Asia-firsters are loathe to admit -- and brings a burden that Americans may be also increasingly reluctant to accept.

Ramos predicts victory in polls

Ramos predicts victory in polls MANILA (Reuter): President Fidel Ramos predicted yesterday overwhelming victory for his candidates in elections to the Philippine Senate next week, saying the recent hanging in Singapore of a Filipina would not affect the outcome. Ramos told reporters his Lakas-Laban coalition party should scoop 10 of the 12 seats at stake in the 24-member Senate and said the chances of his party picking up another seat going into the last days of the campaign looked promising.

Who owns toll roads

Who owns toll roads From Gatra When replying to reporters' question, on Dec. 5, 1994, the Minister of Public Works stated that the toll road business was very promising and very profitable simply because the number of vehicles kept increasing and vehicle products kept growing.

Coordination called for to curb inflation rate

Coordination called for to curb inflation rate JAKARTA (JP): President Soeharto ordered his cabinet ministers yesterday to curb the inflation rate, which unexpectedly surged to its highest level of 1.6 percent last month. "The President ordered ministers to improve coordination to enable them to affectively curb a further rise in the inflation rate in the coming months," Minister of Information Harmoko told reporters about the instruction made during the cabinet meeting.

Comments on succession draw sharp reactions

Comments on succession draw sharp reactions JAKARTA (JP): The Supreme Advisory Council's chairman, Sudomo, has drawn fire for claiming that President Soeharto wants the future president and vice president to be civilians. Harmoko, chief of the ruling political party Golkar, said yesterday that debating the issue surrounding the presidential succession was "unethical" at present.

Taxable income

Taxable income Correction: The minimum taxable income levels for an unmarried worker and a married worker without children, according to the new tax law, have been set at Rp 1.7 million and Rp 2.5 million per year, respectively; not Rp 2.4 million and Rp 2.8 million as reported on this page yesterday. We regret the error. -- Editor

TV today

TV today TVRI 2:30 p.m. TV Series: Chocky Children 3:05 Special Program: A Day With Mr. Umar Wirahadikusuma 3:30 TV Drama: Harapan Nan Sirna 4:30 Boy Scout Program 5:00 Regional News 5:30 Arabic Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Islam 7:00 Evening News 7:30 Miniseries 8:05 Culture Program 9:00 World News 9:30 Film: Paper Tiger 10:55 Late News 11:05 Sports Program 2 4:30 p.m.

Judge proud of 'Tempo' verdict

Judge proud of 'Tempo' verdict JAKARTA (JP): The Jakarta State Administrative Court erupted into thunderous applause and cries of joy yesterday as nearly a hundred people in the courtroom cheered the decision to restore Tempo magazine's publishing license. Chief Judge Benjamin Mangkoedilaga's verdict ordering the government to revive Tempo was deemed "historical" by many reporters and other supporters.

United Nations history revisited

United Nations history revisited By Alex Buzo The United Nations celebrates its 50th anniversary this year. The following article examines the figures important during the inception period of that world body and what happened to them afterwards. JAKARTA (JP): When Alger Hiss stepped on to the stage of a packed San Francisco Opera House on April 25, 1945, it was the high point of his life. He was elected unopposed as the first secretary-general of the infant United Nations.

Drug addiction caused by lax law enforcement

Drug addiction caused by lax law enforcement By K. Basrie JAKARTA (JP): Teenage drug addicts have acknowledged that the lack of strict enforcement of existing rules, broken-homes, low- income families and unfavorable surroundings have led them to become abusers of banned substance. Drug addicts from low-income families, for instance, can buy drugs and psychotropic substances easily at many small and large drug stores, without doctors' prescriptions.

Singapore government is revising patent laws

Singapore government is revising patent laws SINGAPORE (AFP): Singapore announced yesterday it was reviewing patents laws protecting intellectual property rights to woo more foreign investors to set up research and development centers here. "We are reviewing all the relevant laws under the Patents Act to update them in line with the Uruguay Round Final Act Package," Trade and Industry Minister Yeo Cheow Tong said as he launched a S$300-million (US$215-million) pharmaceutical manufacturing plant.

Myanmar clarifies

Myanmar clarifies In reply to the AFP report carried in your issue of May 1, 1995, I wish to clarify the following facts: * No member of the Myanmar armed forces is involved in these raids; * Myanmar authorities are not in a position to control the actions or movements of the 4000 to 5000 armed elements of the breakaway Democratic Kayin Buddhists Army (DKBA) as no peace agreement has been signed with them; * The same DKBA elements, previously as part of the KNU rebels, have been crossing and...

Prostitution big problem in Medan

Prostitution big problem in Medan MEDAN, North Sumatra: Councilors consider prostitution in town to have reached a "very worrying" level with the trade being practiced, not only in recreational centers, but in city parks as well. City councilors Ajib Shah and Zulkarnaen Malik said that in many areas, prostitution was practiced in conjunction with illegal drug and alcohol trafficking.

KL looks for new palm oil markets

KL looks for new palm oil markets KUALA LUMPUR (AFP): Malaysia, the world's largest palm oil producer, is focusing on developing countries with very low oil consumption in a stepped up bid to enlarge its share of the global market, officials said yesterday. Industry officials said the development of new markets was necessary as the country diversified its focus out of market- saturated industrialized nations.

Residents urged to register land

Residents urged to register land JAKARTA (JP): West Jakarta Mayor Sutardjianto yesterday urged residents of Wijayakusuma subdistrict to process their land deeds at the regional office of the National Land Agency. Representatives of 55 Wijayakusuma residents came to the mayoralty to report that the Supreme Court had ruled in their favor in the seven-year land dispute against Gunawan Kurniadi, who claimed to be the legitimate owner of the land.

Malaysia tightens policies to cool its economy

Malaysia tightens policies to cool its economy By Ong Saw Lay KUALA LUMPUR (AFP): Malaysia will move soon to further tighten monetary policy, boost interest rates and rein in spending on cars and property to curb inflation and cool an overheating economy, analysts have said. Rising personal credit will put pressure on inflation in the second half of the year and further strain the country's deteriorating current account deficit, which can only improve with tough policy action, they said.

KLCE trades only palmoil

KLCE trades only palmoil KUALA LUMPUR (AFP): The Kuala Lumpur Commodity Exchange (KLCE) has reverted to trading only crude palm oil due to a lack of interest in its other futures contracts, officials said yesterday.

Plantation walk for asthmatic people

Plantation walk for asthmatic people JAKARTA (JP): Chairman of the Jakarta chapter of the Indonesian Asthma Foundation Idroes will officially open a tea plantation walk for asthmatic sufferers at Gunung Mas tea plantation in Puncak, West Java, on Monday. About 1,250 members of the foundation, including those from West Java, will participate in the tea plantation walk. The foundation's Jakarta branch has about 2,500 members. The foundation was formed in 1985.