Indonesian Political, Business & Finance News

Archive: 21 June 1995

49 articles found

Mar'ie asked to clarify bank takeover

Mar'ie asked to clarify bank takeover JAKARTA (JP): House members demanded an explanation from Minister of Finance Mar'ie Muhammad yesterday regarding the controversial takeover of the publicly-listed Bank Papan Sejahtera by businessman Joppie Wijaya. Tadjuddin Noer Said, a Golkar member on the House Budgetary Commission, expressed yesterday his concern with a number of aspects of the takeover.

Astra to hold RI's longest touring rally

Astra to hold RI's longest touring rally JAKARTA (JP): The longest touring rally covering some 7,000 kilometers from Banda Aceh, on the western tip of Sumatra, to Larantuka in East Nusa Tenggara will be held early next month.

Dutch reunion in S. Sulawesi

Dutch reunion in S. Sulawesi UJUNGPANDANG, South Sulawesi (JP): Over 100 Dutch nationals who at one time lived in the city of Makassar returned on Sunday for a reunion as part of the "International Makassar Reunion 1995 to Ujungpandang". During their stay, they attended a dinner hosted by Mayor Malik B.Masry at his residence and were treated to a fashion show of traditional attire.

Bira environmental study could set precedent

Bira environmental study could set precedent By Hisar Sitanggang JAKARTA (Antara): What would have become of the hundreds of little islands of the Seribu group, to Jakarta's north, had the case of the destruction of Bira Besar Island not come to public attention?

Heavy floods sweep C. Java

Heavy floods sweep C. Java PURWOKERTO, Central Java (JP): Heavy rains have caused severe floods in at least three regencies in Central Java, killing one person and forcing residents to evacuate their homes. At least 16 houses were destroyed when floods swept through the Banyumas, Cilacap and Kebumen regencies. The body of a Prembun, Banyumas, resident was found yesterday afternoon after being swept under by the current Monday evening.

Yayuk faces toughest ever Wimbledon draw

Yayuk faces toughest ever Wimbledon draw JAKARTA (JP): This year's Wimbledon tennis championships will give Indonesia's Yayuk Basuki her heaviest task ever, despite the fact that she will play on her favorite grass court. Yayuk, ranked number 26 in the world, and having a fairly good Wimbledon record, by reaching the fourth round in the past three years, will meet Ukrainian Natalia Medvedeva in the opening round, according to the draws released yesterday.

Athletes to train in South Korea

Athletes to train in South Korea JAKARTA (JP): Indonesian tae kwon do athletes have chosen South Korea as the right place to seek both performance enhancing exercises and a confidence boost in preparation for the 18th Southeast Asian Games in December. The team, made up of eight men's and nine women's tae kwon do athletes, are leaving for their stint in South Korea for almost a month this weekend.

Coordinators of PT Timah share offering named

Coordinators of PT Timah share offering named JAKARTA (JP): The government has appointed British investment bank Barclays Zoette Wedd as the global coordinator for the initial public offering (IPO) of the state-owned tin mining company PT Tambang Timah. Agus Haryanto, a spokesman for the ministry of finance, said yesterday that the bank was selected after winning a "beauty contest" held late last month.

U.S. disrupts preparations for APEC Osaka Summit

U.S. disrupts preparations for APEC Osaka Summit SINGAPORE (AFP): The United States has disrupted preparations for the November summit of the Asia-Pacific Economic Cooperation (APEC) forum by backing out of a proposed regional free-trade mechanism, a top APEC official said yesterday. "The U.S. has now made a U-turn in implementing a tariff-free Asia Pacific region by the year 2020," APEC executive director Shojiro Imanishi told AFP.

Japanese envoy visits war cemetery

Japanese envoy visits war cemetery JAKARTA (JP): Japanese Ambassador to Indonesia, Taizo Watanabe, and his wife visited yesterday a hero's cemetery in Pontianak, West Kalimantan, where over 21,000 local residents were killed by Japanese troops. According to the head of West Kalimantan's public relations department, Ya Ibrahim, the ambassador was in the province for a one-day to visit the cemetery, as well as other historical sites in the area, the Antara news agency reported.

Reduce debts, add investment: Economist

Reduce debts, add investment: Economist JAKARTA (JP): Economist Djisman S. Simandjuntak warned yesterday that Indonesia's debt payment level is so high that the government must try to reduce its balance of payment impact by improving the investment climate.

Residents ask for compensation

Residents ask for compensation JAKARTA (JP): Forty-three families from Rawamangun, East Jakarta, are pressing their demand that the mayoralty pay them compensation before evicting them from their homes to make way for a drainage canal project. The residents sent a delegation to the city council on Monday, asking councilors to help them seek compensation for the loss of their homes, which are to be cleared as the first stage of the construction of a drainage canal.

Govt to keep its hands off Muhammadiyah

Govt to keep its hands off Muhammadiyah SEMARANG, Central Java (JP): The government promised the 28 million members and supporters of the reformist Moslem organization Muhammadiyah that it would not interfere in its congress next month. Minister of Religious Affairs Tarmizi Taher told The Jakarta Post on Monday the government would leave the Muhammadiyah to elect its new executive board.

Constitutional Court needed to uphold laws

Constitutional Court needed to uphold laws Controversy around permits to hold public gatherings has resurfaced. Legal expert Frans H. Winarta offers his view on the issue. JAKARTA (JP): A public debate on the government's rulings that stipulates the requirement of a permit for a gathering is going on. The government has applied the rulings based on its interpretation of Article 510 of the Criminal Code, which requires permits for parades and festivities.

Administration sets up task force in city clean-up

Administration sets up task force in city clean-up JAKARTA (JP): The city administration is intensifying its routine public order operations in connection with the national discipline campaign and the city's 468th anniversary. To support the operation, it has formed a special task force of 330 officials from various relevant agencies, including the city public order office, the city police and the social service office.

RI pushes plan for OIC's Islamic village

RI pushes plan for OIC's Islamic village JAKARTA (JP): Indonesia is proposing the creation of an international Islamic village, which will function as a cultural, education and economic center for member states of the Organization of Islamic Conference (OIC). The idea was introduced yesterday by Edi Kowara, head of the Indonesian Chamber of Commerce and Industry's (Kadin) Middle East Committee, during the fifth anniversary of the Jakarta-OIC Economic Consultative Forum.

Town residents to hoist flag

Town residents to hoist flag JAKARTA (JP): The city administration has urged ordinary Jakarta residents, as well as government and private institutions, to fly the national flag tomorrow in commemoration of the city's 468th anniversary. The decision is in line with the government regulation which requires citizens to hoist the red-and-white national flag in commemoration of historical events. City residents are asked to fly the flag from 6 a.m. until 6 p.m. (yns)

Police to closely monitor vehicle registration firm

Police to closely monitor vehicle registration firm JAKARTA (JP): The police promised yesterday to tightly supervise a private company to which it has given a monopoly over the administration of vehicle registration documents. National Police Spokesman Brig. Gen. I Ketut Ratta said that the government would not hesitate to review the contract if the company, PT Sakra Bima Mandala Persada, failed to meet the public's expectations.

Minister, realtors blast new townships

Minister, realtors blast new townships JAKARTA (JP): The association of real estate developers and the Ministry of Housing said that self-claimed 'towns' are developed by the private sector without regard to their adjacent poor areas. Local administrations should tighten supervision of the development of a new town, said Goenadi Haryanto of the Indonesian Association of Real Estate Developers.

Authorities demolished kiosks in Pinangsia

Authorities demolished kiosks in Pinangsia JAKARTA (JP): Security and order officers demolished yesterday 24 shops, which make packing boxes, on the bank of the Ciliwung river, at Pinangsia in West Jakarta. The residents have to make way for a mayoralty project aimed at restoring the heavily polluted river. The residents did not resist the mayoralty's use of force even though the kiosk owners have not received any compensation.

Second soldier jailed for Liquisa killing

Second soldier jailed for Liquisa killing JAKARTA (AFP): In the second sentence passed in relation to the Liquisa incident, a military tribunal in Denpasar, Bali, yesterday sentenced a soldier to four years imprisonment for shooting dead six unarmed East Timorese captives during a military patrol. First Private Rusdin Maumere was found guilty of carrying out the execution of the six men in an isolated village in the Liquisa regency in January, Antara reported.

RP's debt notes sells out

RP's debt notes sells out MANILA (AFP): The auction of the Philippines' first five-year Fixed Rate Treasury Notes (FXTNs) received an enthusiastic response with an oversubscription for the entire three-billion- peso (US$115.4-million) block, the Central Bank said yesterday. These are the first government securities to have a maturity rate of five years. The Philippine government has previously issued only short-term securities with maturities of about three years.

Students stage protest against permit policy

Students stage protest against permit policy JAKARTA (JP): Approximately 60 students staged a protest at the House of Representatives yesterday, calling for the abolition of the government policy of requiring permits to hold gatherings. Calling themselves the United Struggling Indonesian Youths, the students unfurled banners, held out placards and shouted their demands that the representative body heed the growing "crisis of trust" among the people.

Journalists warned over 'Tempo' dummy

Journalists warned over 'Tempo' dummy JAKARTA (JP): Minister of Information Harmoko has warned former journalists of the banned Tempo newsweekly that he will take action if they go ahead with their plan to launch an "introductory" new edition of the magazine for limited readership today. "They can't do this.

High production costs hit small textile firms

High production costs hit small textile firms JAKARTA (JP): Increasing production costs and weakening demand have forced 10 percent of the textile producers in the Central Java city of Pekalongan to shut down their factories and another 50 percent to slow down operation, an executive said.

Try reaffirms belief in marriage

Try reaffirms belief in marriage JAKARTA (JP): Vice President Try Sutrisno defended the institution of marriage yesterday, amid an increasing trend among young urban Indonesians to shun marriage in favor of cohabitation. The young generation must be prepared to enter the marriage bond in accordance with religious teachings, custom and the cultural norms of the nation, said Try while opening a congress of the Board of Counselors on Marriage, Divorce and Separation at the Merdeka Selatan palace.

University detains student jockeys

University detains student jockeys SEMARANG, Central Java (JP): Diponegoro University has had to confine 57 of their students to an unspecified location to prevent their involvement in "jockeying" activities. Rector Professor Muladi told Antara yesterday that they were being closely watched in a special room. Jockeying tactics involve the use of university students at entrance exams in place of the graduating high school candidates.

Legislator questions 1992-93 budget deficit

Legislator questions 1992-93 budget deficit JAKARTA (JP): The Budgetary Commission of the House of Representatives questioned yesterday the Rp 551.2 billion (US$220.54 million) deficit in the 1992-93 state budget, which was earlier estimated to book a surplus of Rp 2.24 billion. Sa'di Zen Noor of the Moslem-dominated United Development Party (PPP) charged that the deficit occurred due to the government's failure to follow its budget plan.

Beware of scam using Try's name

Beware of scam using Try's name JAKARTA (JP): The State Secretariat has warned of a fraudulent scam using Vice President Try Sutrisno's name to extort money. The Assistant to the Vice President's Secretary for documentation, Ismet Herdy, was quoted by Antara as saying yesterday that a foundation calling themselves Triwikarma is claiming to collect funds for the release of a book titled Pak Try - Comments and Aspirations 1995.

Deaths a daily affair on Jakarta roads

Deaths a daily affair on Jakarta roads JAKARTA (JP): An average of two persons were killed in road accidents on the city's streets every day last month, according to the police. Data that the police released yesterday shows that a total of 52 people lost their lives in 116 traffic accidents recorded last month. The figure is higher than that recorded in April, when 40 people were killed in 106 recorded road accidents.

USTR's team arrives for labor review

USTR's team arrives for labor review JAKARTA (JP): A visiting team of United States trade officials, in town to study labor conditions here, has raised the issue of the imprisonment of independent labor union activists with Indonesian officials. Led by Joseph Damond, who is the United States Trade Representatives' (USTR's) Director for Southeast Asia, the team met yesterday with the manpower ministry's Director General for Labor Standards Suwarto.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 20, 1995: Shares Close Change Trading Volume ----------------------------------------------------- Ades Alfindo 2,200 0 0 AHAP Insurance 3,275 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 3,150 125 139,000 Aneka Kimia Raya 6,000 0 0 Anwar Sierad 1,425 -25 53,500 Aqua Golden Mississippi 2,800 0 0 Argha Karya Prima Industry 1,850 25 62,000 Argo Pantes 2,600 0 0 Asiana IMI Indusrties 800 -125 16,000 Aster Dharma...

Shopping in supermarket

Shopping in supermarket I read Dwi Bagus' letter reprinted from Kompas by The Jakarta Post (June 19, 1995). I can imagine how he felt when the security guards of the Gajah Mada Plaza and the plain-clothed guard of the Hero supermarket searched him but found no evidence of his suspected misdeed. Shopping in a supermarket or mini-market can be pleasant and handy, or irritating. It is pleasant because you can move freely from one section to another and buy different things at one go.

Thousands turn out to remember Sukarno

Thousands turn out to remember Sukarno JAKARTA (JP): Thousands of people crammed the streets leading to the house of former Indonesian president Sukarno in Blitar, East Java, yesterday to pay homage to the leader on the 25th anniversary of his death. A reporter of the Surya daily newspaper estimated that about 25,000 people, most of them from out of town, assembled in the streets around the house, where many members of his family and friends had gathered.

Police plan fun with bikes

Police plan fun with bikes JAKARTA (JP): The National Police Headquarters will hold a fun bike race on Sunday morning in commemoration of the upcoming 49th police anniversary. "We will be highly appreciative of expatriates who can join the competition," said spokesman Brig. Gen. I. Ketut Ratta yesterday. Participants in the race, who will start and finish their race at the city police headquarters on Jl. Sudirman, should register their names at any police precinct office and pay Rp 10,000 (US$4.

Termites cost city billions

Termites cost city billions JAKARTA (JP): Termites have turned out to be the city administration's number one underground enemy. They have eaten away about 50 percent of government buildings. The alarm was sounded on Monday by M. Pasaribu, chief of the agency in charge of overseeing construction, maintenance and restoration of government buildings.

Malaysia raises oil output

Malaysia raises oil output KUALA LUMPUR (AFP): Malaysia's petroleum output is expected to increase to 650,000 barrels per day (bpd) from 623,000 bpd last year, although its oil revenue is expected to dip slightly, the Business Times daily reported yesterday.

Cut number of pages, papers told

Cut number of pages, papers told JAKARTA (JP): President Soeharto suggested yesterday that, in view of the current newsprint crisis, newspaper publishers should reduce the number of pages rather than raising sale prices. "The President suggested that, as newsprint prices are still high, the number of newspaper pages had better be reduced temporarily," Minister of Industry Tunky Ariwibowo told journalists after meeting Soeharto at the Merdeka Palace here.

The World Bank Report

The World Bank Report The annual World Bank Report on Indonesia's economy, usually issued one month before the annual meeting of Indonesia's creditor group in July, has always been eagerly awaited by journalists in the capital city. The reason is quite obvious. First of all, the Washington-based bank is perhaps the most apprised among the existing multilateral financial institutions of even the innermost pulses of the country's economy.

SMP students reap harvest

SMP students reap harvest BENGKULU (JP): Students at a state junior high school here harvested the rice plants they grew as part of the "local content subject" of their school curriculum. Principal Nurlela said yesterday the paddy will be sold through the school cooperative to finance other local content subjects in the future. She said that in previous semesters the school also planted tomatoes, beans and chilis, but the harvest failed due to a long dry season.

House members seek clemency for political inmates

House members seek clemency for political inmates JAKARTA (JP): Two members of the House of Representatives urged yesterday the government to approve the requests for clemency from three political prisoners, who have been incarcerated for nearly 30 years. During a hearing with Minister of Justice Oetojo Oesman, the House members, V.B. da Costa and K.H. Syamsuri Badawi, argued that the request for clemency should be granted on humanitarian grounds.

TV today

TV today TVRI 2:35 p.m. TV Series: Muppet 3:05 Tanah Airku, My Home Country 3:30 Science Program 4:05 Family Program: Around Us 4:30 Documentary Film 5:00 Regional News 5:30 Indonesia Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Langka Tapi Nyata 7:00 Evening News 7:30 Music Contest: Asia Bagus 8:05 Humoria 9:00 World News 9:30 Variety Show: Kamera ria 10:25 Film: Intimate Agonyu 10:55 Late News 11:05 Film (continued) Program 2 4:30 p.m.

ABRI and the legislature

ABRI and the legislature To question (once again) the presence of ABRI (the Indonesian Armed Forces) in the House of Representatives is essentially to question the validity of ABRI's dual function. In a democratic system questioning things is accepted. However, being a state based on law, ABRI's functioning as a social-political force is guaranteed and regulated by law.

Subway union postpones strike

Subway union postpones strike SEOUL (AFP): The union of Seoul's metropolitan subway system announced here yesterday that they would postpone any strike action to avoid benefiting the ruling camp in the June 27 local elections in South Korea. The union, representing 8,745 workers out of 10,872 employees, had said on June 15 they were ready to strike tomorrow after failing to resolve a labor dispute with the management.

East Java to host int'l rowing meet

East Java to host int'l rowing meet JAKARTA (JP): The national rowing team will undergo its final test for the 18th Southeast Asian Games when they compete in an international dragon boat race in Mojokerto, East Java, from Aug. 11 to 13. The squad, which was victorious during its tryouts over the past two weeks, will again take on teams from China, New Zealand, Hong Kong, Malaysia, Singapore and Brunei during the inaugural race at Brantas River.

Why not Splendors of Indonesia?

Why not Splendors of Indonesia? Prompted by Soegio Sosrosoemarto's letter (The Jakarta Post, June 15, 1995) on the subject of the Faces of Indonesia cultural road show, that was recently conducted in a number of European countries, I should like to make a different kind of comment on the use of the word "faces" in the show's title.

Officer detained in sex-passport case

Officer detained in sex-passport case KUALA LUMPUR (Reuter): Malaysia's Anti-Corruption Agency (ACA) has detained an immigration officer for allegedly demanding sex from a 23-year-old woman to expedite the extension of her passport, ACA officials said yesterday. The 43-year-old man was arrested in a trap set by the ACA in a hotel room in the southern state of Malacca on Saturday, an ACA official told Reuters.

Javanese language

Javanese language I read with interest Mochtar Buchori's article in The Jakarta Post (June 14, 1995), and I would like to comment on it. My reaction is not merely because I am Javanese myself, but I am trying to be a true Indonesian, residing and living almost 45 years in Jakarta, among Javanese and other non-Javanese friends. We all know that as soon as a group of people of the same province gather, they tend to use their local language rather than Bahasa Indonesia.

Students join radio stations

Students join radio stations JAKARTA (JP): Head of the Jakarta office of the information ministry Semyon Sinulingga opened an apprenticeship program for students in 38 private radio stations in the city yesterday. Semyon told the students to use their current vacation to increase their knowledge of radio technology. About 714 high school students joined the program to work in radio stations during the current month-long vacation.