Indonesian Political, Business & Finance News

Archive: 10 June 1995

48 articles found

Daniel attempts full comeback after recovering from injury

Daniel attempts full comeback after recovering from injury JAKARTA (JP): Former national number one men's singles player Daniel Haryanto is gearing up for a promising comeback on court with Indonesia's tennis team after recovering from back injury. Daniel has restarted his training session with his former team after a four-year lapse in answer to an offer made by the Indonesian tennis association (Pelti).

PAL to be restructured, but calls for govt help

PAL to be restructured, but calls for govt help JAKARTA (JP): Although the financially-troubled shipbuilder PT PAL stated yesterday that it will soon carry out a major restructuring, it still emphasized the need for a government subsidy to cushion it from regional competition.

Doctors not immune to GATT

Doctors not immune to GATT JAKARTA (JP): Indonesia's doctors should begin preparing themselves for greater competition from abroad, which is required under the General Agreement on Tariffs and Trade (GATT), Minister of Health Sujudi said yesterday. The minister, himself a physician by training, prescribed introspection as a preparatory treatment for doctors as the era of free competition looms. Sujudi said doctors should take a hard look at themselves.

Police summon legislators

Police summon legislators JAKARTA (JP): Police are expanding the investigation of former legislator Sri Bintang Pamungkas and planning to summon four legislators to testify on Monday. Bintang is accused of insulting President Soeharto and slandering the government in a series of anti-Indonesian government demonstrations and seminars in Germany in April. The demonstrations, spearheaded by European non-governmental organizations, were held during President Soeharto' state visit in Germany.

Singapore launches Brent crude futures

Singapore launches Brent crude futures SINGAPORE (AFP): The London-developed Brent crude futures contract debuted here yesterday as Asia's first major crude oil instrument amid confidence by officials that the region will accept it as a hedging mechanism against price risks.

Witness for Sri Bintang

Witness for Sri Bintang From Jayakarta The case of Sri Bintang Pamungkas will go to court. I would like to contribute to the future trial of Sri Bintang. I was a journalist in the 1950s through 1960s -- in the early days of the New Order. Then I often traveled to western European countries such as the Netherlands, West Germany, Britain, France, and the United States. I wonder why people only get one-sided information from the government through the media.

Use of Indonesian language

Use of Indonesian language From Gatra It is undeniable that foreign words are flooding the Indonesian vocabulary. Many are adopted and become Indonesian words. But in the meantime strenuous efforts are being made to maintain and to respect the Indonesian language. This is understandable: every nation wants to defend its language. Some people use foreign words for prestige, while others feel they lack Indonesian equivalents for certain foreign terms.

Alatas to visit East Timor

Alatas to visit East Timor DILI, East Timor: Minister of Foreign Affairs Ali Alatas, in his capacity as a functionary of the ruling Golkar party, is scheduled to visit here on June 13. During his three-day visit, Alatas will meet Golkar cadres in Dili and Ermera, according to the head of the provincial office of Golkar, Manuel Freitas. The Antara news agency reported yesterday that during the trip Alatas would present a grant to the Partisans of July 17 Gleno High School. (anr)

Illegal tax consultants

Illegal tax consultants PURWOKERTO, Central Java: The government acknowledged yesterday that it is unable to crack down on consultants who manipulate firms' financial statements to pay less taxes. Head of the Central Java and Yogyakarta Office of the Directorate General of Tax Waluyo Daryadi said that the unauthorized consultants have caused substantial losses to the state.

Most Asian stock exchanges down

Most Asian stock exchanges down TOKYO (Agencies): Japanese share prices plunged 2.6 percent yesterday here with the leading index slipping to its lowest level in almost three years on renewed worries over the outlook for the economy. The Tokyo fall was echoed on most Asian bourses, with only Jakarta bucking the trend.

Luxury houses in Bandung

Luxury houses in Bandung From Kompas Kompas (March 31, 1995) published a report that the Bandung local government would not lift the seal on luxury houses in North Bandung -- a measure that deserves people's applause. This indicates that the government is consistent in upholding the law and treats all citizens equally. Developers, who have been found guilty of violating the government's regulations, should be processed and brought to court.

Hero Supermarket reports profit decline

Hero Supermarket reports profit decline JAKARTA (JP): PT Hero Supermarket, a publicly listed retail company, yesterday announced a profit decline in spite of an increase in its sale revenues in 1994. The company's president, Ipung Kurnia, told reporters after a shareholder meeting yesterday that the firm's after-tax profit declined to Rp 15 billion (US$6.7 million) in 1994 from Rp 16 billion in 1993.

Firm to pay dividends

Firm to pay dividends JAKARTA (JP): PT Aster Dharma Industri, a publicly-listed company operating in the production and distribution of plastic bags, announced yesterday a plan to distribute dividends of Rp 45 (two U.S. cents) per share. The company's president, Gerry Irawan Kasih, said after the firm's annual shareholders' meeting that the dividends, totaling Rp 1.13 billion, would be paid later this year.

Murder trial adjourned

Murder trial adjourned JAKARTA (JP): North Jakarta District Court adjourned yesterday for the second time the trial of two men charged with the murder of businessman Darmansyah Sujadi, also known as Nyo Beng Seng, after prosecution witnesses failed to appear. The trial was adjourned last Tuesday for the same reason.

Bank Bira to pay dividends in August

Bank Bira to pay dividends in August JAKARTA (JP): PT Bank Indonesia Raya (Bank Bira), a foreign exchange bank listed on the Jakarta Stock Exchange, plans to distribute 35.50 percent of its 1994 after-tax profit as dividends worth Rp 80 (3.59 U.S. cents) per share. The bank's president, Frans Limas, said yesterday after a shareholders' meeting that the bank would also issue three bonus shares, each with a face value of Rp 1,000, for every ten existing shares.

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, Tuesday and Wednesday from 7 p.m. to 11 p.m.; Lost Morenitos, Monday Thursday and Sunday from 7 p.m. to 11 p.m. Los Paraguas, Friday and Saturday from 7 p.m. to 11 p.m. - Ambassador Lounge: Boece & Ayu (pianist and singer), Tuesday to Saturday, from 8 p.m. to 12:30 a.m. Jakarta String Fantasy Trio, Monday to Saturday from 3:30 p.m. to 6:30 p.m.

See it live

See it live JAKARTA (JP): The followings are competitions aired live on TV this weekend: Saturday Basketball NBA Finals second game, SCTV at 8 a.m. Soccer Indonesian league: Pelita Jaya v PSMS Medan, TVRI at 3.30 p.m. Tennis French Open women's singles final: Arantxa Sanchez-Vicario v Steffi Graf, SCTV at 7.30 p.m. Sunday Soccer Indonesian league: Mitra Surabaya v Barito Putra, ANTeve at 3.30 p.m. Tennis French Open men's singles final, SCTV at 8.30 p.m.

China may have miscalculated over Mischief Reef (2)

China may have miscalculated over Mischief Reef (2) By Bilveer Singh This is the second of two articles examining China's recent move on Mischief Reef in the South China Sea. SINGAPORE (JP): There were a number of other developments related to China's actions on Mischief Reef. First, despite its economic problems, the Philippines Congress approved a US$2 billion arms build up program for the armed forces.

TV today

TV today TVRI 2:35 p.m. TV Series: Force 5 Danguard Ace 3:05 Sports: Dunhill League (live) 5:00 Regional News 5:30 Science Film 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:30 Music 7:00 Evening News 7:30 Lemhanas 8:05 TV Drama: Hati Yang Mendua 9:00 World News 9:30 Music 10:25 Film: Attack Force Nam 10:55 Late News 11:05 Film (continued) Program 2 4:30 p.m.

Bomb injures three in Colombo

Bomb injures three in Colombo COLOMBO (Reuter): A bomb exploded on a parked bus during rush- hour at Colombo's main Pettah bus station yesterday, injuring three people, police said. "The bomb was placed in a bus which was parked at the bus stand and it exploded. Three people were wounded," a police officer said. The area was crowded with people going home, he said. He had no further details.

'Myanmar needs stability, reconciliation'

'Myanmar needs stability, reconciliation' SINGAPORE (Agencies): Singapore has told Myanmar's ruling junta that political stability and reconciliation are necessary for Yangon to attract foreign investments and promote trade. Premier Goh Chok Tong made the point during talks with the chairman of Myanmar's State Law and Order Restoration Council (SLORC), Than Shwe, and during a dinner hosted for the visitor late Thursday.

Soeharto calls for intensive study on traditional foods

Soeharto calls for intensive study on traditional foods JAKARTA (JP): President Soeharto warned the people yesterday not to be affected by the influx of foreign foods into the country. "As an open nation, it is almost impossible for us to stop the rapid development of the foreign food businesses in Indonesia. But their stronger presence should not change the daily menus," he said in his address at the opening of a three-day workshop on the promotion of traditional foods.

Students demand Tunky's resignation

Students demand Tunky's resignation YOGYAKARTA: About 50 students staged a demonstration at the campus of Gadjah Mada University yesterday against the rise of paper prices. Organized by the Yogyakarta Student Publication Association, the banner-waving protesters demanded that Minister of Industry Tunky Ariwibowo resign and that the government lower paper prices. They also demanded that the government put an end to oligopolistic and monopolistic practices in the paper industry.

Paper crisis threatens education

Paper crisis threatens education SEMARANG, Central Java (JP): Two senior academics warned yesterday that the nation's painstaking efforts to promote education were threatened by the current paper crisis. Darmanto Jatman and Soegito Soedrajat, both from Semarang's Diponegoro University, also told The Jakarta Post that the government should find out why the crisis came on so suddenly.

Yudi Susanto not out of the woods yet

Yudi Susanto not out of the woods yet JAKARTA (JP): Businessman Yudi Susanto, who was acquitted of the murder of labor activist Marsinah, is not completely out of the woods yet, with the discovery in his house of blood traces identified as belonging to the victim. East Java Police Chief Maj. Gen. Roesmanhadi was quoted by Antara as saying yesterday that the finding supports the early theory that Marsinah was locked up in Yudi's house prior to her death.

Unregistered land owner to be punished

Unregistered land owner to be punished JAKARTA (JP): The government, if required, will issue tougher regulations on the obligation of the public to register their land for certification, along with sanctions for those who fail to obey them, a minister said.

Cathay Pacific sues Australia

Cathay Pacific sues Australia SYDNEY (AFP): Hong Kong-based Cathay Pacific has launched a court action against the Australian government here to try to prevent its rights to fly here from being suspended from June 30, airline officials said yesterday. The action follows the failure of talks to settle the increasingly intractable tit-for-tat row between Hong Kong and Canberra over the intra-Asia traffic rights of Australian flag- carrier Qantas.

More suspects sought over burglary at KBN

More suspects sought over burglary at KBN JAKARTA (JP): The North Jakarta police are searching for at least five further suspects in connection with a series of 16 burglaries at the state-owned Kawasan Berikat Nusantara export processing zone in Cakung. Four men, including the suspected group leader, have been arrested over the past few days, "but I wouldn't be surprised if there was connivance between the robbers and officers of the zone," North Jakarta Police Chief Lt. Col.

Indonesian explorer Lorne Blair dies at 49

Indonesian explorer Lorne Blair dies at 49 JAKARTA (JP): On June 6th, while recovering from a broken leg in a Bali hospital, Lorne Blair suffered a fatal heart attack. His death, at the early age of 49, removes from the Indonesian scene one of its most distinguished chroniclers, and a popular resident of Bali for the past twenty years.

Entertainment centers penalized

Entertainment centers penalized JAKARTA (JP): The City Public Order Office reported that it has inspected 569 entertainment centers in an operation throughout the city over the last one year. Head of the office Kuseini Budiantoro told reporters that out of the 569 centers, 34 were warned or fined for violating existing regulations and 27 were temporarily closed down.

RI gears up to expand silk production

RI gears up to expand silk production JAKARTA (JP): President Soeharto has instructed Minister of Industry Tunky Ariwibowo to look into the problems of the silk industry in a bid to make the country a major silk producer, Director General of Light Industries Firdaus Ali said yesterday. Firdaus said during a visit to PT Jado Wanasutera's silk reeling factory in Sukabumi, West Java, that Indonesia has a strong comparative advantage in the development of natural silk.

Another mega project

Another mega project For a project this big, it is probably justified to say that the news of its planned construction has come rather unexpectedly for most of us, despite the fact that hints, of something rather big pending, were given by officials late last year.

No loser in East Timor dialog

No loser in East Timor dialog JAKARTA (JP): Minister of Foreign Affairs Ali Alatas yesterday dismissed suggestions that the "Burg Schlaining Declaration" was unfavorable to Indonesia, saying that the recent All-Inclusive Intra-East Timor dialog should not be viewed as a win-lose situation. "From the beginning the important thing for me is not gaining or losing (in the talks). There is neither winning nor losing," Alatas told journalists here yesterday afternoon.

The film 'Oeroeg' straddles two culture

The film 'Oeroeg' straddles two culture By Jane Scott JAKARTA (JP): Oeroeg is a feature film jointly produced by Indonesia, the Netherlands and Germany which was screened for a brief season here early this month. It is so unusual in Jakarta these days to watch a film that is set in Indonesia from the soft, upholstered seat of an up market cinema! Oeroeg was shown in Cinema 21 against Legends of the Fall and Outbreak last week. This week it moves on.

Lieutenant admits giving order to kill detainess

Lieutenant admits giving order to kill detainess JAKARTA (JP): An Army lieutenant admitted in court yesterday that he gave the order to eliminate six unarmed East Timorese during a military operation to pursue separatist rebels in the East Timor regency of Liquisa on January 12.

Church Services

Church Services * Catholic Church, University of Atmajaya, Jl. Jend. Sudirman: Saturday 5:30 p.m., Sunday, 9 a.m., 10:30 p.m. (with songs) and 5:30 p.m. * First Church of Christ, Scientist, Jl. Teuku Cik Ditiro 48, Menteng, Central Jakarta: Services on Sunday at 9:30 a.m. (in Indonesian) and 8 a.m. (in English). * All Saints' Anglican Church (opposite The Aryaduta Jakarta), Jl. Arif Rahman Hakim No. 5, Central Jakarta: Services on Sunday at 7:30 a.m., 9:00 a.m. ; at G.K.I. Pondok Indah at 6 p.m.

Firms asked to aid apprentices

Firms asked to aid apprentices JAKARTA (JP): Deputy Governor for Social Welfare Museno has invited both government institutions and private companies to join the city apprenticeship program, which aims to provide high school students with work experience during their holidays. "I hope more institutions and companies will be willing to accept as many students as possible so as to avoid a waiting list like that encountered during an earlier program," Museno said yesterday.

ADB approves $218m for RI's natural gas plan

ADB approves $218m for RI's natural gas plan MANILA (AFP): The Asian Development Bank (ADB) approved yesterday its extension of a US$218 million loan to Indonesia to expand and promote the use of natural gas there. The loan is part of a $590 million project to improve Indonesia's air quality by providing a common carrier gas transportation system, encouraging private sector participation and establishing a regulatory framework for the gas industry, the ADB statement said.

Singaporean Fandi to rejoin RI club

Singaporean Fandi to rejoin RI club JAKARTA (JP): Singaporean soccer star Fandi Ahmad is set to recollect his ebullient memories with the Indonesian soccer league as he prepares to play for a Surabaya-based club, after capping his national team in the Southeast Asian Games in December. Ahmad, who enjoyed his heyday with Niac Mitra in the early 1980s, will join Mitra Surabaya, along with his national teammate Malek Awab.

River cleaning brings shrimp harvest and fun

River cleaning brings shrimp harvest and fun Text and photo by Lela E. Madjiah JAKARTA (JP): The golden brown water of the Kali Malang River in East Jakarta glowed under the friendly, warm sun. It was barely eight o'clock in the morning. I was riding to work in a Mikrolet (small public transport vehicle) when I noticed a crowd of people -- old, young, men and a few women -- immersing themselves in the water. Some had fish nets, others simply carried plastic bags.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 9, 1995: Trading Shares Close Change Volume ----------------------------------------------------- Ades Alfindo 2,100 0 0 AHAP Insurance 3,300 0 0 Alumindo 1,100 0 0 Andayani Megah 3,300 150 823,500 Aneka Kimia 6,000 0 0 Anwar Sierad 1,475 50 262,000 Aqua Golden 2,800 0 0 Argha Karya 1,950 0 8,000 Argo Pantes 2,600 0 0 Asiana IMI 925 -75 44,000 Aster Dharma 950 0 0 Astra 2,375 0 42,500 Astra Graphia 1,800 200 8,500...

Producers say newsprint crisis due to low prices

Producers say newsprint crisis due to low prices JAKARTA (JP): Newsprint producers, facing public criticism over current supply shortages, are saying the problems are the result of prices being too low.

Buying a house in Australia

Buying a house in Australia From Jayakarta That many Indonesian citizens have bought houses in Australia is not a new phenomenon. A number of exhibitions of properties in Australia have been held in Jakarta, Surabaya and other large cities and they always attract potential buyers. Don't be surprised that many Indonesian businessmen have invested there. Australia is attractive. It's tourist drive is carried out actively and aggressively, and the result is satisfactory.

Indonesia Open to parade stars

Indonesia Open to parade stars JAKARTA (JP): Susi Susanti, whose ranking dropped to second following a string of defeats, will for the first time be seeded number two when she enters the Indonesia Open badminton championships, slated to be held here between July 10 and July 16. South Korean Bang Soo-hyun will take Susi's place. World champion Ye Zhaoying of China, who beat Susi twice last month, will have to be content with number three seed.

Col. M. Simbolon pledges to respect human rights

Col. M. Simbolon pledges to respect human rights By Yacob J. Herin DILI (JP): East Timor's new military chief, Col. M. Simbolon, vowed yesterday to improve respect for human rights in the former Portuguese colony. Simbolon, who assumed his post on May 27, denied accusations that the government intended to maintain the domination of the local bureaucracy by Indonesian Armed Forces (ABRI) officers and officials from other provinces.

Surjadi concerned over condition of traditional markets

Surjadi concerned over condition of traditional markets JAKARTA (JP): Governor Surjadi Soedirdja expressed concern yesterday over the poor condition of many traditional markets, and about the way sidewalk vendors were conducting business on pavements. The governor made the remarks in his working visit to Gandaria Utara and Kramat Pela subdistricts in Kebayoran Baru, South Jakarta. "We have to abolish an image which depicts that traditional markets are dirty and disorganized," he said.

Ministerial level talks to end row

Ministerial level talks to end row JAKARTA (JP): Talks on the overlapping claims to the islands of Sipadan and Ligitan will be conducted at the ministerial level, but not by the foreign ministers of the two countries involved in the dispute. "It will be at a ministerial level and a political level," Indonesia's Minister of Foreign Affairs Ali Alatas said about the future of talks on the disputed islands with Malaysia.

More environment consultants needed

More environment consultants needed JAKARTA (JP): Indonesia needs more professional consultants to handle environmental impact analyses in support of sustainable development efforts, a cabinet minister said yesterday. State Minister of Environment Sarwono Kusumaatmadja emphasized that only "good and reliable" Environmental Impact Analysis (Amdal) consultants can help ensure development without degrading the environment.