Indonesian Political, Business & Finance News

Archive: 29 June 1995

52 articles found

Hanil leasing sets up joint financial venture

Hanil leasing sets up joint financial venture JAKARTA (JP): The Hanil Leasing Company Ltd. of South Korea and its Hong Kong-based Hanil Leasing & Finance Ltd. affiliate have joined with PT Bakrie Capitanindo Corporation to establish a financial company, PT Hanil Bakrie Finance Corporation. The inaugural reception for the new company's establishment was held at its office at the BRI Tower yesterday.

Bekasi bus terminal expansion necessary

Bekasi bus terminal expansion necessary BEKASI (JP): The notorious traffic congestion in and around the 1.3 hectare bus terminal has reach such a level that the Bekasi administration plans to expand the terminal. The terminal, originally designed to accommodate 10,000 buses a day, is packed daily with more than 70,000 buses, including inter-city ones, according to chief of the Bekasi land transportation agency Endang Durachim.

Three killed by pesticides

Three killed by pesticides BOGOR, West Java: An elderly woman and two children from Sinangbhakti village died after taking a drink of coffee contaminated by pesticides. Mrs. Acih, 50, and her grandchildren, Fitri, 5, and Rudi, 3, were found last Friday in bad condition by neighbors, who then took them to the nearest hospital. Foaming saliva was coming out of their mouths. Fitri died on Sunday. Her brother and grandmother died the next day.

Police chief supports Sakra Bima's business

Police chief supports Sakra Bima's business JAKARTA (JP): National Police Chief Gen. Banurusman Astrosemitro has thrown his weight behind a controversial move by a firm working with the city police to tie up with little-known banks. The company, PT Sakra Bima Mandala Pratama, has entered into cooperation agreements with seven private banks to improve its services in facilitation the police's processing of vehicle registration documents.

Protest over France's nuclear test

Protest over France's nuclear test JAKARTA (JP): More than 40 environmental activists staged a protest outside the French embassy yesterday, calling on the government to break off diplomatic ties with Paris and for a boycott of French products if France goes ahead with its plan to conduct nuclear tests in the South Pacific.

President Ramos score well on economic front

President Ramos score well on economic front By Cecil Morella MANILA (AFP): Filipinos no longer curse the dark, and renewed investor confidence has ushered a modest economic rebound as Fidel Ramos reaches the half-way mark tomorrow of his six-year term. But violent crime and some diplomatic setbacks have taken the shine off his achievements.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on June 28, 1995: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 2,250 0 0 AHAP Insurance 3,275 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 3,200 25 244,500 Aneka Kimia Raya 6,000 0 0 Anwar Sierad 1,450 0 7,000 Aqua Golden Mississippi 2,800 0 0 Argha Karya Prima Industry 1,700 -75 343,500 Argo Pantes 2,600 0 0 Asiana IMI Industries 900 100 172,500 Aster Dharma Industry...

Over 90 buildings to be demolished

Over 90 buildings to be demolished JAKARTA (JP): The West Jakarta mayoralty has ordered the demolition of 92 buildings, which are in violation of the government's regulation on city development. Chief of the mayoralty's development supervision agency Adi Sarnadi, said yesterday that the crackdown on unlawful buildings was part of the administration's drive to enforce discipline.

Hyundai to raise loan

Hyundai to raise loan SEOUL (AFP): South Korea's Hyundai Electronics America Inc. (HEA) will issue floating rate notes (FRNs) worth US$340 million July 10 in Hong Kong, an official said here yesterday. The FRN float by HEA, an American subsidiary of Hyundai Electronics Co. was arranged to raise funds for the takeover of NCR Microelectronics Product Division, a Hyundai spokesman said. The division is a subsidiary of AT and T GIS, a U.S. nonmemory-chip firm, acquired by HEA in February.

Ulemas protest striptease show

Ulemas protest striptease show SURABAYA: Chairman of the local branch of Indonesian Council of Ulemas KH Misbach called on the provincial administration to ban striptease shows in a number of pubs, night clubs and karaoke bars. "There should be action taken against these," Misbach was quoted as saying by Antara on Tuesday.

Singapore expects lower economic growth in 1995

Singapore expects lower economic growth in 1995 SINGAPORE (AFP): Singapore's economic growth is expected to moderate to seven-to-eight percent in 1995, lower than that projected by the government, the Monetary Authority of Singapore (MAS) said yesterday. The forecast by the de facto central bank was about half a percentage point lower than the projection by the ministry of trade and industry, which had estimated gross domestic product growth at 7.5-to-8.5 percent.

Soybean cake imports raised

Soybean cake imports raised JAKARTA (JP): President Soeharto yesterday instructed a boost in imports of soybean cake to cut down the prices of cattle feed. State Secretary Moerdiono was quoted by Antara as saying that Soeharto has asked for imports of more soybean cake -- an important ingredient in cattle feed -- to raise the ratio between domestic production and imports to 20:80 from 30:70.

Malaysian bosses unwilling to raise RI workers' wages

Malaysian bosses unwilling to raise RI workers' wages JAKARTA (JP): Malaysian employers are unwilling to raise the minimum wage of Indonesian workers hired in their country because of their low skill levels. A two-day meeting between members of a Malaysian association of employers and Indonesian labor export companies here agreed to step up protection for Indonesian workers, but differed on wage- related issues.

Psychic disturbance and the power of 'Pulp Fiction'

Psychic disturbance and the power of 'Pulp Fiction' By Jason Tedjasukmana JAKARTA (JP): Imagine turning over a rock and finding that the weevils underneath are all wielding 9mm handguns. Such a sensation awaits viewers of Pulp Fiction, a long-awaited release that will rescue Jakartans from the summer movie malaise drowning the city.

Govt to review plywood export mechanism

Govt to review plywood export mechanism JAKARTA (JP): Trade Minister S.B. Joedono said yesterday that Indonesia's plywood export system was being evaluated to reinvigorate exports, which have been declining steadily since last year. "We are looking into all aspects of the marketing system, such as the export market and our export management," Joedono said at a hearing with the House of Representatives' Trade Commission.

Malaysian booters held for bribery

Malaysian booters held for bribery KUALA LUMPUR (AFP): Malaysian police yesterday arrested five premier league footballers as part of the clampdown on match- fixing which has so far led to the detention of some 150 soccer players and officials. The five, to be remanded at least a week for questioning, were identified by police as Matlan Marjan, Junaidy Tuah, Matusin Bowie, Gerard Mojiliu and Charles Tindi. All play for the eastern Sabah state, one of 15 sides in the Malaysian league.

KL 5th largest rubber consumer

KL 5th largest rubber consumer KUALA LUMPUR (AFP): Malaysia, once the world's top natural rubber producer, has emerged as the world's fifth largest consumer of the commodity as it focuses more on developing rubber-based products, officials said. Domestic consumption of natural rubber in the country rose 8.5 percent to 291,249 tons in 1994 from 268,553 tons a year earlier, said Arshad Ayub, the president of the Malaysian Rubber Products Manufacturers Association.

New sports savings scheme criticized

New sports savings scheme criticized JAKARTA (JP): The raising of funds for sports development is yet again enveloped in controversy. The sale of disinfectant swabs for cleaning telephones by the Danubian Rungkaya Foundation, which claims to have obtained a license to monopolize the business, has insisted that customers are not coerced into buying the product. People have voiced concerns that telephone subscribers will be compelled to buy them, with some questioning the legality of the sales.

Vanuatu PM to arrive on Sunday

Vanuatu PM to arrive on Sunday JAKARTA (JP): The Prime Minister of Vanuatu, Maxime Carlot Korman, will arrive in Indonesia on Sunday for a three-day official visit which will be highlighted by the opening of diplomatic relations between the two countries. Relations between Indonesia and Vanuatu are presently conducted through Indonesian embassies in Canberra and Port Moresby and through Indonesia's permanent representative office at the United Nations in New York.

'Waiting-list' haj pilgrims asked to re-register

'Waiting-list' haj pilgrims asked to re-register JAKARTA (JP): Approximately 40,000 haj applicants who failed to go on pilgrimage the last time around will be required to re- register between July 1 and August 31 in order to qualify for next year's haj season.

Deforestation at alarming level

Deforestation at alarming level KUPANG, East Nusa Tenggara: Governor Herman Musakabe says the degree of deforestation in the province has reached an alarming level and needs to be dealt with seriously. "Reforestation efforts should be conducted annually," Herman was quoted by the Antara news agency as saying here on Tuesday. He did not elaborate, however, as to what portion of the province's forests that have been damaged.

Volunteers to replace troops in East Timor

Volunteers to replace troops in East Timor JAKARTA (JP): The government is planning to withdraw two battalions of troops currently stationed in East Timor and replace them with volunteers recruited from among the local people. Minister of Security and Defense Gen. (ret.) Edi Sudradjat disclosed yesterday that the plan involves recruiting some 1,200 people from all regencies in the province to serve as Sukarelawan Rakyat, or Wanra (People's Volunteers).

SC rejects Prajogo deal

SC rejects Prajogo deal KUALA LUMPUR (Reuter): Construction & Supplies House Bhd (CASH) has confirmed market rumors that a proposed reverse takeover of the company by Indonesian tycoon Prajogo Pangestu has been rejected by the Securities Commission (SC). In a statement to the Kuala Lumpur Stock Exchange, CASH's merchant banker Utama Wardley Bhd said proposals made on June 16 last year have been rejected by the securities watchdog body.

No relative of Tjakraningrat

No relative of Tjakraningrat I am seeking some clarification on particular points in the Insight column by Mulyana W. Kusumah (The Jakarta Post, June 23, 1995), dealing with the subject of pardon for political prisoners. Among the participants of the 1965 abortive coup attempt, according to the author, is a certain Col. Latief Cakraningrat, commander of the First Division of the Jakarta Military Command.

30 years of 'Kompas'

30 years of 'Kompas' It was typically in the style of Kompas to celebrate the 30th anniversary of its existence by inviting the advertising community and its distribution agents to its celebration yesterday. Some of the invited guests came with their families to a big party at a five-star hotel. Interestingly, though, no officials were present.

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.

Foreigners swindle with hypnosis

Foreigners swindle with hypnosis PADANG, West Sumatra: The provincial police office is investigating the case of three citizens of Malta who reportedly swindled locals using techniques of hypnosis. Antara reported Chief Col. Yusar Hasan as saying on Tuesday that the three foreigners, holders of Malta passports, were currently being detained for questioning.

Assistance for Fatmawati hospital

Assistance for Fatmawati hospital JAKARTA (JP): The Australian government together with the Salvation Army Territorial Headquarters and Bethesda Hospital of Victoria has provided a grant of Rp 26.7 million (US$11,000) to the Fatmawati Hospital to renovate its hydrotherapy pool. Hydrotherapy is a widely-used method of rehabilitation for patients recovering from strokes, spinal injuries and other medical problems.

Achieving standards of quality, the ISO 9000 (2)

Achieving standards of quality, the ISO 9000 (2) By Simon Potter This is the second of three articles on ISO 9000, the international quality system standard. It looks at how to implement an ISO 9000 quality system in your facility. JAKARTA (JP): You want to crack new markets in Europe, and ISO registration is mandatory for your product line.

Use of foreign language

Use of foreign language I have recently returned from a trip to Eastern Indonesia and would like to add my comments to the ban-English move among the xenophobes in Jakarta. Other than the "How low can you go?" question posted everywhere, the Coca Cola signs and the pervasive Kentucky Fried Chicken shoppes on every corner, there is very little English to be found in these regions.

Fake health cards sold

Fake health cards sold BENGKULU, Bengkulu: Two local officials of the South Muko-Muko subdistrict in North Bengkulu have reportedly sold thousands of health cards, instead of distributing them free to residents. Antara reported that the officials, identified only as HR and AM, intimidated thousands of residents into buying the cards for Rp 3,000 (approximately US 1.36) each.

TV today

TV today TVRI 2:35 p.m. TV Series: Chocky's Challenge 3:05 Children's Program 3:30 TV Drama: Harapan Nan Sirna 4:30 Science 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 TV Drama: Madun 8:05 Peringatan Hari-Hari Nasional (rerun) 9:00 World News 9:30 Film 10:55 Late News 11:05 Sports Program 2 4:30 p.m.

National lifters to Asian meet

National lifters to Asian meet JAKARTA (JP): Indonesia's weight lifters and body builders are hoping to put preparations for the 18th Southeast Asian Games into a higher gear when they enter the Asian Weightlifting Championships in Pusan, South Korea, tomorrow. "We have to take the SEA Games more seriously, particularly because of a potential, hard-fought battle against the host team," said Soesilo Soedarman, chairman of the Indonesian Weight Lifting, Power Lifting and Body Building Association.

'Pancasila democracy maturing'

'Pancasila democracy maturing' JAKARTA (JP): Indonesia's Pancasila democracy is now in the process of reaching maturity, although some segments of society remain dissatisfied, Minister of Defense and Security Edi Sudradjat said yesterday.

RI to meet Denmark in world bridge meet

RI to meet Denmark in world bridge meet JAKARTA (JP): Indonesia will meet Denmark in the opening round of the 5th World Junior Bridge Team Championships on July 8 in Bali, the Indonesian Contract Bridge Association (Gabsi) announced yesterday. Twelve teams from 11 countries submitted their entries to the World Bridge Federation for the Bali championships, for which the drawing was held in Lisbon on June 25.

Freeport sells plane, aviation assets

Freeport sells plane, aviation assets JAKARTA (JP): PT Freeport Indonesia announced here yesterday that it has sold some of its aviation-related assets in return for cash and an equity stake in a newly formed entity, PT Airfast Aviation Facilities Company (AVCO). The shareholders of the newly-formed company are PT Giga Haksa, which acquired a 30 percent stake, PT Airfast Indonesia with a 45 percent stake and FI with 25 percent.

Australian experts due here

Australian experts due here JAKARTA (JP): A team of Australian public dental health experts will be in Jakarta from Saturday to next Tuesday, to discuss future research collaboration with experts at the University of Indonesia. The team, from the University of Melbourne, will focus on research in areas of the evaluation of oral health services, the implementation of programs designed to prevent dental disease, and the problems of services in remote and rural areas.

Banks called on to increase credit to small businesses

Banks called on to increase credit to small businesses JAKARTA (JP): Bank Indonesia Governor J. Soedradjad Djiwandono called on commercial banks yesterday to improve their role in helping small businesses by increasing the credit extended to them.

Passengers blast railway company

Passengers blast railway company JAKARTA (JP): The state railway company, Perumka, has been urged to operate regular trains between the densely-populated city of Bekasi, West Java, and Jakarta. Some Bekasi residents who go commute to Jakarta by train complained yesterday that their trains were often late and that Perumka kept changing their schedule.

Foreign words in Indonesian language

Foreign words in Indonesian language Having read some opinions in the "Your Letters" section of The Jakarta Post recently on the use of Sanskrit, Malay or any other foreign and domestic languages, I would like to give my comments. Bahasa Indonesia is not a stagnant language, it is a dynamic one. It is still developing and enriching the vocabulary through the absorption of other languages.

Hero security

Hero security From Kompas In response to the complaint (Kompas, June 15, 1995) titled Hero Gajah Mada Plaza by Dwi Bagus M.B., an Indosiar employee, we, the management of Hero Supermarket, deeply regret the unethical actions of our security person. Herewith, we would like to apologize to Dwi Bagus. We will make every effort to avoid such mistakes in the future. PUDJADI General Affairs Hero Supermarket Jakarta

235 houses to be demolished

235 houses to be demolished JAKARTA (JP): As many as 235 houses along the Kebon Jeruk toll road in West Jakarta will be demolished soon to make way for a road construction project, an official says. Project manager Hidayat Alamsyah said on Tuesday that the local administration had provided compensation to all the affected residents last week. "The construction work will start as soon as the houses have been removed," he told reporters.

Many developers fail to construct low-cost housing

Many developers fail to construct low-cost housing JAKARTA (JP): City Council members criticized private property developers yesterday for failing to build low-cost apartments according to schedule. Many developers have failed to construct apartments for low- income people, arguing that the governor has not provided the needed land.

Power may return to Penang in week

Power may return to Penang in week GEORGETOWN, Malaysia (Reuter): Power is likely to be restored within five to six days on Penang island following a massive power blackout at the weekend, officials said yesterday. A German team of engineers flew in on Monday to repair cables supplying power from the Malaysian mainland to the island.

Council destroys homes mistaken for brothels

Council destroys homes mistaken for brothels JAKARTA (JP): Five people representing six families of the Kamal Barat subdistrict, Kalideres in West Jakarta filed a complaint with city council yesterday over this week's demolition of their houses. They told councillors that the West Jakarta mayor's security- and-order officers had mistaken their homes as part of the brothels in the area, which were their actual target. They asked the councilors to help them seek compensation from the mayoralty.

House opposed to highway toll rates

House opposed to highway toll rates JAKARTA (JP): A House of Representatives commission expressed opposition yesterday to the government's plan to raise toll road tariffs, proposing, instead, the introduction of a cross-subsidy system in the operation of highways.

Susi, Hariyanto not Indonesians?

Susi, Hariyanto not Indonesians? JAKARTA (JP): Bureaucracy in Indonesia has long been dubbed a span of tangled threads which may upset everybody, including world badminton stars Susi Susanti and Hariyanto Arbi. Susi and world champion Hariyanto have given Indonesia pride without knowing that they are not citizens of the country they defend.

Pulp investors should collaborate with govt

Pulp investors should collaborate with govt JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo announced yesterday that private companies intending to invest in the pulp industry will have to collaborate with state-owned forestry firms to gain operational permits.

Bank Duta management undergoes major change

Bank Duta management undergoes major change JAKARTA (JP): The management of publicly-listed Bank Duta underwent a major change yesterday following rumors that the bank would merge with Bank Bukopin, the country's only cooperative bank. Timber tycoon Mohamad (Bob) Hasan and Bank Bukopin's Muchtar Mandala were appointed as Bank Duta's new chief commissioner and new president respectively at yesterday's meeting of the bank's shareholders.

Good writers are hard to find: Publisher

Good writers are hard to find: Publisher JAKARTA (JP): A local publisher is attributing the continued use of outdated books to the scarcity of good textbook writers. "We have too few people who like to read, and even fewer who can write," said Wahyudi Ruwiyanto, the director of the 78-year- old state-owned Balai Pustaka publishing agency. "We are always head hunting for the best writers," he said during a hearing with the House of Representatives (DPR) yesterday.

Police still lack professionalism: Chief

Police still lack professionalism: Chief JAKARTA (JP): National Police Chief Gen. Banurusman Astrosemitro said yesterday that the police still need to improve their professionalism before they can properly serve the public. Speaking at a press conference, the four-star general said that, in view of financial problems, he could not yet say when the nation would have an effective, efficient and professional police force.

Political openness not yet real: Observers

Political openness not yet real: Observers JAKARTA (JP): Several political observers lashed out at the government yesterday for its feeble attempts at democratization and political openness, saying it has failed to follow up words with deeds. Eros Djarot, former chief editor of the DeTik weekly banned last year, and Marzuki Darusman, member of the National Commission on Human Rights, took a critical stance in a discussion on political openness and the globalization of information yesterday.