Indonesian Political, Business & Finance News

Archive: 26 June 1995

40 articles found

Jakarta coast cleaned up

Jakarta coast cleaned up JAKARTA (JP): The government invites city residents to help clean the city's coasts, especially around the Tanjung Priok port, in preparation for the upcoming Arung Samudera international sailing race. The call was made over the weekend when city officials and the navy initiated a cleanliness campaign involving 1,000 marines and volunteers.

Newsprint crisis

Newsprint crisis The Indonesian press industry has over the past weeks complained about the shortage of newsprint. Newspaper publishers and book printers, in facing the crisis of newsprint supplies, asked the government to intervene. The paper crisis is as a matter of fact due to the prevailing monopoly practice in the paper market. The newsprint producers are accused of taking advantage of the monopoly privilege to generate the greatest profits possible.

Environmentalist call for end to work on Bakun dam

Environmentalist call for end to work on Bakun dam KUALA LUMPUR (AFP): Green groups demanded yesterday an immediate halt to work on a giant dam proposed to power Malaysia's energy-guzzling industries after a report confirmed their "worst fears" on the project's threat to the environment.

India may let power project deal pass

India may let power project deal pass By Clarence Fernandez BOMBAY (Reuter): Differences between the rightwing Hindu parties ruling India's richest state may enable the country's largest power project to squeak through despite threats to scrap it, political analysts and newspaper editorials said last Friday.

Weekly Stock Exchange Review

Weekly Stock Exchange Review AS OF JUNE 23, 1995 ------------------------------------------------------------------------------------------------ Company Name Price Previous Change Volume Value Market PER P/BV week Cap. 1995F FY94 (Rp) (Rp) (+/-Rp) (shares) (Rp) (Rpbn) (x) (x) ------------------------------------------------------------------------------------------------ Ades Alfindo PS ''' 2,250 2,200 50 2,500 5,625,000 85.5 12.0 1.0 AHAP Ins.

Middle class, democracy link unclear: Scholar

Middle class, democracy link unclear: Scholar By Endy M. Bayuni JAKARTA (JP): Indonesia has a strong middle class, but, a noted Australian scholar says, this does not necessarily mean that they will push for the establishment of democracy like their counterparts in some other parts of the world.

Astra expands partnership programs

Astra expands partnership programs CEPER, C. Java (JP): The business partnership program that PT Astra International launched in 1991 to develop small casting firms has now expanded to the point of attracting foreign attention. The Japan Indonesian Association for Economic Cooperation and Kawaguchi, the largest foundry center in Japan, signed here on Saturday a cooperation agreement with the Metallurgical Institute owned jointly by the local casting firms.

KL sets rules for listing new projects

KL sets rules for listing new projects KUALA LUMPUR (AFP): Malaysia's Securities Commission said Saturday only firms developing major projects in the country could be listed on the local bourse without a track record, as the government announced moves to liberalize the capital market.

TV today

TV today TVRI 2:30 p.m. TV Series: Voltron 3:05 Riang Ria 3:30 TV Series: The Crystal Maze 4:30 School Quiz: Cepat Tepat 5:00 Regional News 5:30 Family Program 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:30 Hankamnas 7:00 Evening News 7:30 TV Drama 8:05 TV Series: Santa Barbara 9:00 World News 9:25 Music 10:25 Film: Stuntwoman 10:55 Late News 11:05 Film (continued) Program 2 4:30 p.m.

Things to look for in choosing your PC keyboard

Things to look for in choosing your PC keyboard By Zatni Arbi JAKARTA (JP): Two important components that computer buyers rarely pay attention to when they purchase their PCs are the display system and the keyboard. People might be buying the highest CPU level, and the more knowledgeable may opt to pay for the right amount of RAM to run Windows applications -- which should, of course, be 8 MB at the minimum.

Women's minister offers advice

Women's minister offers advice BOYOLALI, Central Java: State Minister for Women's Roles Mien Soegandi has asked Indonesian women, in their campaign against sexual harassment, to have the courage to examine themselves. "We, women, must dare to look at ourselves, our attitudes," Mien was quoted by Antara on Saturday.

Traffic flow to be rerouted

Traffic flow to be rerouted JAKARTA (JP): Traffic flow around National Police headquarters on Jl. Trunojoyo, South Jakarta, will be rerouted during the commemoration of the 49th police anniversary this week. "Streets around police headquarters will be closed on June 27, 29 and July 1, 1995 from 8.00 a.m. to 10.30 a.m. when the police hold rehearsals and hold the ceremony," the police headquarters revealed in a statement Saturday. Motorists from Jl.

Greater campus freedom?

Greater campus freedom? Given the fact that the issue of freedom of speech on Indonesian campuses has long been the cause of so much frustration among students, academics and intellectuals, one might wonder why the recent announcement by the Coordinating Minister for Political Affairs and Security, Soesilo Soedarman, has not met with the unanimous enthusiastic appreciation one might expect.

Texmaco Group posts 2.8% profit increase

Texmaco Group posts 2.8% profit increase JAKARTA (JP): The Texmaco Group of publicly-listed textile and textile engineering companies reported a combined net profit of Rp 108 billion (US$48.5 million) last year, 2.8 percent higher than 1993's level.

Councilors want tighter control over apartments

Councilors want tighter control over apartments JAKARTA (JP): Councilors urged the city administration Saturday to tighten control over the development of low-cost apartments. Saud Rachman and Abdoelhamid Notowidagdo pointed out that developers build more luxury apartments and tend to neglect their obligation to build low-cost ones for low-income people.

What street?

What street? From Berita Buana Many street signs in the Jakarta area have disappeared or are damaged or unreadable. It would be appropriate if the authorities make a regular check of street signs so as to facilitate the task of postmen, electricity company employees as well as telecommunications workers in locating addresses when they are out on service calls.

Soldier jailed for killing three

Soldier jailed for killing three NABIRE, Irian Jaya: First Private Samto of the Nabire Infantry battalion was sentenced to one year and 10 months imprisonment for reckless driving which caused the death of three high school students last year. The military tribunal handed down the verdict on Friday. "You are guilty...of causing the death of three students, a gross violation of article 359 of the Criminal Code," Chief Judge Lt. Col. Amirudin Rochim was quoted by Antara as saying.

Govt to build 600,000 houses

Govt to build 600,000 houses BOYOLALI, Central Java: State Minister for Public Housing Akbar Tanjung announced the government's plan to build 600,000 houses for people in the lower income brackets during the current sixth Five-Year Development Plan period. "The government wishes to give low-income Indonesians the opportunity to have houses of their own," Akbar was quoted by Antara on Saturday.

Riau officials warn of phony journalists

Riau officials warn of phony journalists PEKANBARU, Riau: Officials of the Riau branch of the Indonesian Journalists Association (PWI) are warning the public of extortionists disguised as journalists. "You should inform the local PWI office if you are in doubt of the real identity of a person claiming to be a journalist," chairman Rida K. Liamsi was quoted by Antara on Friday.

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.

Cheppy fails to seize OPBF title

Cheppy fails to seize OPBF title BANDUNG (JP): Indonesian Cheppy Holman punched wildly in every round but it was not enough to seize the Orient and Pacific Boxing Federation junior lightweight crown from South Korean Choi Yong-soo. An old sweat, Choi shrugged off the flu and a bruised eye to retain his crown during the 12 rounds that were mostly filled with close-range punching, much to the disappointment of 3.500 crowd that packed the Saparua sports hall.

Academic urges abolition of gathering permit

Academic urges abolition of gathering permit SEMARANG, Central Java (JP): A noted political scientist from Gadjah Mada University has charged that permit requirements have allowed one political faction to dominate Indonesia's political arena. Riswandha Imawan told The Jakarta Post that perpetuating permit requirements for public gatherings allows those in power to prohibit any discourse that they dislike or could threaten their political legitimacy.

Election system already proportional: Hartono

Election system already proportional: Hartono JAKARTA (JP): Despite the infancy of the Indonesian Institute of Sciences' study of possible electoral reforms, an Armed Forces official expressed his confidence in the existing system. Army Chief of Staff Gen. R. Hartono said the proportional representation system of general elections, which has been used during the last five elections, is adequate and not in need of change. "The system..is already 'proportional', it doesn't have to be replaced.

Golden Key Group's firm to be managed by Pusri

Golden Key Group's firm to be managed by Pusri JAKARTA (JP): The state-run fertilizer company PT Pupuk Sriwijaya (Pusri) was appointed by the state-owned Bank Dagang Negara (BDN) to manage chemical company PT Hamparan Rejeki, a subsidiary of the debt-ridden Golden Key Group, an official says.

Worries mount over Jakarta's air pollution

Worries mount over Jakarta's air pollution JAKARTA (JP): A legislator urged the ministry of health on Saturday to announce the results of its research on diseases caused by heavy vehicular emission in major cities like Jakarta. Legislator Soegijatno Soesilo said that the ministry should send the research results to the police headquarters in Jakarta, which is particularly anxious to learn about the impact of gas emissions on its traffic officers on duty.

Trade fair boon to work-hungry youths

Trade fair boon to work-hungry youths By Wahyudi M. Pratopo JAKARTA (JP): The annual ongoing Jakarta Fair turns in not only good for business promotion, it also introduces youngsters to the world of work. Hundreds of students are spending their current month-long vacation working at the fair where city residents turn up in huge numbers each night for different purposes: just to look around at the latest consumer products, or to dance to free live Dangdut music.

'Religious life won't cure social ills'

'Religious life won't cure social ills' JAKARTA (JP): Minister of Religious Affairs Tarmizi Taher says a vigorous religious life alone may not be enough to solve the social ills of modern life. Addressing the meeting of the Indonesian Communion of Churches (PGI) in Kotamobago, Bolaang Mongondow, North Sulawesi, on Saturday, Tarmizi said religious leaders need to examine "where the religious society's development has gone wrong". The gathering was attended by Governor E.E.

RI needs broad-based development

RI needs broad-based development SOLO, C. Java (JP): Minister of Finance Mar'ie Muhammad reaffirmed on Saturday the urgent need for broad-based economic development to ensure sustainable growth in the long term. "Even in the major industrial countries, small and medium- scale enterprises continue to play an important role in the economy," Mar'ie noted after inaugurating a new venture capital company, PT Sarana Surakarta Ventura.

Flood is chief worry for most North Jakartans

Flood is chief worry for most North Jakartans JAKARTA (JP): Despite the construction of new dikes, floods remain North Jakarta's headache. Flood was the residents' main complaint when Governor Surjadi Soedirdja visited Papanggo subdistrict in Tanjung Priok over the weekend. They said that there is no way they can stop flood waters from inundating their homes, especially when heavy rains are pounding Jakarta and the Bogor area where some rivers originate.

330 have won French contests

330 have won French contests JAKARTA (JP): Some 330 Indonesians have won various French culture and language contests that the embassy here sponsored over the past two months. According to the embassy, nearly 2,500 students, teachers and members of the public took part in the contests which offered a range of prizes, including air tickets to Paris and various destinations in Indonesia like Bali and Yogyakarta.

Dispose of cartels

Dispose of cartels In its annual report, the World Bank notes, among other things, that a number of industries in Indonesia operate like cartels supported by government policies. According to the World Bank this practice has eroded competitive spirit and in a number of instances is hurting consumers through excessively high prices. The cement, paper and pulp industries are mentioned as examples of cases in which such cartels exist.

Semen Gresik seeks Rp 1.45t from rights issue

Semen Gresik seeks Rp 1.45t from rights issue JAKARTA (JP): Publicly-listed PT Semen Gresik expects to raise around Rp 1.45 trillion (US$653 million) from its rights issue next month. Semen Gresik's president, Anang Fuad Rivai, said over the weekend that part of the proceeds from the rights issue will be used to take over PT Semen Padang in West Sumatra and PT Semen Tonasa in South Sulawesi.

Promotion of Bahasa Indonesia

Promotion of Bahasa Indonesia Let me start first with Mr S.K. Srivastava's letter (The Jakarta Post, June 20, 1995). Had he carefully read my letter of June 15, 1995, he would have noted that what I said was: Urdu is the main language of Indian Moslems." Evidently the wording of the sentence does not logically preclude the possibility of some Moslems of West Bengal, Kerala or Indian Punjab speaking non-Urdu languages as Mr Srivastava mentioned so eagerly.

Government must balance information flow: Expert

Government must balance information flow: Expert JAKARTA (JP): The government should play a stronger role in balancing the flow of information to help educate the media public, a mass communication expert says. "As the government has opened the door to a free flow of information, both negative and positive, then it must try to balance this flow," Astrid Susanto said yesterday.

Priok port management assailed

Priok port management assailed JAKARTA (JP): Chairman of the Importers Association of Indonesian Amiruddin Saud criticized the poor management of Jakarta's Tanjung Priok port, saying that "conflicting interests" caused facility maintenance and services to be neglected.

CPO producers to assist Bulog in market operation

CPO producers to assist Bulog in market operation JAKARTA (JP): The National Logistics Agency (Bulog) has announced that starting from the middle of next month, all crude palm oil (CPO) producers in the country are required to allocate part of their production for its market operations.

Temmy Kusuma quashes South Kalimantan spree

Temmy Kusuma quashes South Kalimantan spree JAKARTA (JP): Southeast Asian (SEA) Games champion Temmy Kusuma spoiled South Kalimantan's conquering run in the national diving championships when he handed Husaini Noor his first defeat on Saturday. Temmy of Jakarta outclassed Husaini, his fellow national diver groomed for the 18th SEA Games in December, in his favorite springboard event with 585.05, his best mark of the year, to end Husaini's golden spree at the four-day competition.

Weekly Stock Exchange Review

Weekly Stock Exchange Review JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) closed mixed on moderate trading last week. The absence of fresh incentives kept trading within a narrow range of between 485 and 490. The JSX Composite Index closed the week at 491.66 points, up 4.95 points (1.02 percent) from the week's opening of 486.71 The market rebounded from its oversold position in the previous week, with active buying by the local investors.

Kranji Baru market to be renovated

Kranji Baru market to be renovated BEKASI (JP): The Bekasi regency administration plans to renovate the Kranji Baru market in the near future to provide a more comfortable shopping mecca for the city's residents. The chief of the local agency overseeing markets, S. Sihotang, promised last week that the traditional market will be developed into a modern shopping place.

'Class has nothing to do with Indonesian politics'

'Class has nothing to do with Indonesian politics' JAKARTA (JP): The issue of class, according to State Minister of Environment Sarwono Kusumaatmadja, has not played a significant part in Indonesia's political development because the country has no middle class. "Everything here was done under the existing conditions. It has nothing to do with the middle class," said Sarwono, who, before joining President Soeharto's cabinet in 1988, was known as a political analyst.