Indonesian Political, Business & Finance News

Archive: 17 July 1995

44 articles found

Moslem forum holds thanksgiving ceremony

Moslem forum holds thanksgiving ceremony JAKARTA (JP): Around 5,000 Moslem youths packed the Al Azhar Grand Mosque in South Jakarta yesterday to commemorate the Moslem community's contribution to the country's hard-fought battle for independence 50 years ago.

Tigers blow up navy ship as offensive goes on

Tigers blow up navy ship as offensive goes on COLOMBO (AFP): A Tamil Tiger suicide squad blew up a navy ship in northern Sri Lanka yesterday in an attack which claimed the lives of three sailors and ten rebel cadres, the military said. As a major government ground offensive entered its second week, the Liberation Tigers of Tamil Eelam (LTTE) set off two blasts, crippling the 1, 500-ton Edithara at the Kankesanthurai navy facility blocking the entrance to the port, a military source said.

1,900 villagers affected by flood

1,900 villagers affected by flood KENDARI, Southeast Sulawesi: At least 1,913 residents of Ahuwatu, Wawosolo, Ambulanu, and Langgonawe villages, at Ponidhaha sub-district have been evacuated as their houses were inundated by flood last week. The flood hit the four villages after the two major rivers in this province, the Konaweeha and Lahumbuti, overflowed. The worst flood occurred in Ambulanu and Langgowane, where the water surface reached two meters above normal height, Antara said.

Susi, Ardy retain their crowns in powerful style

Susi, Ardy retain their crowns in powerful style JAKARTA (JP): Susi Susanti and Ardy Wiranata smashed their way to the singles titles at the US$170,000 Sony Indonesia Open badminton championships yesterday. While Ardy struggled all the way to retain his crown with a sandwiching 15-9, 14-17, 15-9 win over compatriot Joko Suprianto, Susi found it easier to dispose of arch rival Bang Soo-hyun of South Korea 11-6, 11-7 to claim her fourth title here.

Our forex management

Our forex management Bank Indonesia's recent decision to widen the buying-and- selling spread (exchange rate band) of the rupiah against the American dollar should be welcomed as effectively discouraging foreign exchange speculation for at least three main reasons. Firstly, the exchange rate band was widened from Rp 30 to Rp 44 late last month when the international foreign exchange market, which was highly volatile in March and April, was relatively calm.

Expats involved in cultural festival

Expats involved in cultural festival MATARAM, West Nusa Tenggara: Some 60 foreign visitors took part in the opening ceremony of the West Nusa Tenggara Cultural Appreciation Month held here over the weekend. "The 60 come from the United States, the Netherlands, Germany, Australia, Italy, and Britain," the head of the Nusa Tenggara office of the Ministry of Education and Culture, Soewignjo, was quoted by Antara as saying on Saturday.

'Government should gradually limit monopolistic practices'

'Government should gradually limit monopolistic practices' JAKARTA (JP): The government will have no choice but to gradually limit the monopolistic practices of some business groups in order to comply with its free trade commitment, says Emil Salim, one of Indonesia's most senior economists. Emil, a former state minister for population and environment affairs, termed monopolistic practices as one of the negative consequences of the government's past economic policies.

Refugees will be returned to Galang

Refugees will be returned to Galang JAKARTA (JP): Five Vietnamese refugees, who were stranded in East Timor on their way from Galang to Australia, will soon be sent back to Galang Island in Riau. The refugees were stranded on the island on July 9 after the boat which was taking them to Australia was washed ashore. The deputy commander of the East Timor Military Command, Col.

ABF links lead to $666m in cooperation

ABF links lead to $666m in cooperation JAKARTA (JP): Members of the ASEAN Business Forum (ABF), which was established in 1991, have obtained business cooperation deals worth more than US$666 million, according to an executive. The cooperation will involve businessmen from member countries of the Association of Southeast Asian Nations (ASEAN), according to ABF's president, Aburizal Bakrie of Indonesia, as quoted by Kompas on Saturday.

JSX fails to maintain upward momentum

JSX fails to maintain upward momentum JAKARTA (JP): Pounded by bouts of profit taking, the Jakarta Stock Exchange (JSX) failed to maintain its upward momentum to close at 508.26 last week, falling by 0.88 points (-0.17 percent) from the previous week. Investors were generally taking profits from the gains made in the rally of the previous week. Trading was moderate, while investors focused largely on the heavyweight counters.

Kleinwort-Mashill deal

Kleinwort-Mashill deal JAKARTA (JP): Kleinwort Benson Securities of Britain has agreed to strengthen the research activities of PT Mashill Jaya Securities. Mashill's president, Makki Widjaya, said on Saturday that the British company would also cooperate in marketing activities under the cooperation agreement signed last week. Mashill, a member of the Jakarta and Surabaya stock exchanges, is an affiliate of the publicly-listed Mashill Bank.

Japanese man dies in Bali

Japanese man dies in Bali DENPASAR, Bali: A 40-year-old Japanese tourist died after being dragged along by the water current while he was swimming on Thursday. Mikkio Yamaguchi died after he was carried away by a strong current as he was swimming at the famous Kuta beach area, Antara reported on Saturday. Yamaguchi, whose body was found lying on the beach on Thursday afternoon, swam in the dangerous area despite prohibition warnings placed there by the authorities.

Only 30% of proposed industrial estates developed

Only 30% of proposed industrial estates developed JAKARTA (JP): Only 30 percent of those companies licensed to develop industrial estates in Indonesia have done so, to date, as a result of inconsistencies in government policies and low demand. According to the Association of Industrial Estates, as of the end of last year, the government had issued licenses for the development of 152 industrial estates on a total of 42,447 hectares of land across the country.

ABRI unlikely to let go of close Golkar ties: Scholar

ABRI unlikely to let go of close Golkar ties: Scholar SEMARANG (JP): The Armed Forces (ABRI) will likely retain its control over Golkar, the dominant political organization which has channeled most of its political aspirations in the past, a noted political analyst says. "Golkar and ABRI are like `two in one'. It's very difficult to separate the two," Afan Gaffar of Gadjah Mada University said.

Tax on colleges likely to affect education quality

Tax on colleges likely to affect education quality JAKARTA (JP): The government's plan to start taxing higher education institutions could have negative consequences on the state of education in Indonesia, a leading college administrator says.

RI, S'pore to conduct joint expo in September

RI, S'pore to conduct joint expo in September JAKARTA (JP): Indonesia and Singapore will hold a one-week joint exhibition on industry and investment in Singapore in September, Minister of Industry Tunky Ariwibowo says. The minister told journalists here over the weekend that President Soeharto of Indonesia and Prime Minister Goh Chok Tong of Singapore would officially open the exhibition. He said Indonesia would send 60 companies to the exhibition.

Ramos rules out military action to expel Chinese

Ramos rules out military action to expel Chinese MANILA (Reuter): President Fidel Ramos said yesterday China's occupation of a part of the Spratly Islands claimed by the Philippines did not pose an imminent threat to the country and ruled out military action to expel the Chinese. But he stressed Manila's "conciliatory stance" should not be misconstrued as submissiveness or a sign of lack of political will to assert its rights over what is "legally" a Philippine territory.

Envoy to Australia

Envoy to Australia Like everyone else, I don't like the negative impression Mantiri's nomination as our envoy to Canberra has made in Australia. Choosing an alternative doesn't mean that Indonesia complies with the anti-Indonesian government wishes found in Australia. I nominate Indonesian actress Christine Hakim as our new envoy to Canberra. She is a brilliantly balanced mix of Indonesian conservative values and the western view of diplomacy.

'New city' provides houses and jobs, BSD official says

'New city' provides houses and jobs, BSD official says JAKARTA (JP): Problems such as flooding and traffic jams, which are partly the results of the sporadic development of greater Jakarta, are the main reason for the development of a "new city." Head of the Public Relations Department of PT Bumi Serpong Damai, Johannes Tulung, said Saturday many real estate developers only providing good facilities, including roads and water ducts, within the housing complexes they build.

Bhutto postpones Sri Lanka visit

Bhutto postpones Sri Lanka visit COLOMBO (AFP): A proposed visit here by Pakistan Prime Minister Benazir Bhutto has been postponed following the escalation of fighting between Sri Lankan troops and Tamil Tiger separatists, officials said yesterday. "We were hoping for an early visit although no firm dates had been finalized. But under the current situation both sides felt it was not the right time," Sri Lanka's Foreign Secretary Rodney Vandergert said.

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 Wayang Appreciation 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:30 Religion: Buddhism 7:00 Evening News 7:30 TV Drama 8:05 Children Drama Week: Impian Danang 9:00 World News 9:25 Music 10:25 Film: Death at Love House 10:55 Late News 11:05 Film (continued) Program 2 4:30 p.m.

Criticism, result of clash of ideas: Goh

Criticism, result of clash of ideas: Goh SINGAPORE (AFP): Prime Minister Goh Chok Tong has described criticism of Singapore by Western commentators as the outcome of a contest of ideas between the east and the west, and he justified limits on press freedom. Goh said at the 150th anniversary celebrations of The Straits Times, East Asia's oldest newspaper, that this affluent island state was an enigma to many Western press commentators. "Outwardly we are westernized.

Mahathir battles corruption in party

Mahathir battles corruption in party KUALA LUMPUR (AFP): The unprecedented sacking of a member of Malaysia's ruling party for allegedly spending millions to buy a key post shows corruption is still rife here, analysts said yesterday. "It not only proves that money politics is still very much part of party culture, but also shows that the stakes have grown in volume along with general national prosperity," said a political analyst who prefers anonymity.

Harimau team saves Indonesian face

Harimau team saves Indonesian face JAKARTA (JP): Indonesia's seasoned players grouped in the Harimau team saved the country's face from further blushing when it won the World Invitational bridge tournament title by trouncing Canada 179-111 in the final yesterday. Veteran Denny Sacul led Harimau's team of Franky Karwur, Sance Penelewen, Giovanni Watulingas, Taufik Asbi and Ong Keng Hien, played brilliantly after a fierce, four-day battle.

Playwright pays tribute to late Arifin C. Noor

Playwright pays tribute to late Arifin C. Noor JAKARTA (JP): Leading playwright Putu Wijaya cites the late theater and movie director Arifin C. Noer as the founder of modern Indonesian theater. "Modern theater with reference to the West had been here for a long time.

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.

Forensic work still weak

Forensic work still weak JAKARTA (JP): Coordinating Minister for Security and Political Affairs Soesilo Soedarman has expressed concern about the current unsatisfactory state of the forensic sciences required to support the judicial process.

Two 'ojek' drivers killed

Two 'ojek' drivers killed JAKARTA (JP): Two ojek (motorcycle taxi) drivers have been found dead, their bodies displaying stab wounds, at Tanjung Priok, North Jakarta. The Koja police precinct said the bodies of the two men, Mardi, 27, and Paing, 25, were found on Friday night. The police strongly believe, on the basis of the wounds, that the perpetrators stabbed the two men with sickles. The perpetrators are still at large.

Modes of extortion

Modes of extortion After reading A. Djuana's letter (The Jakarta Post July 1, 1995) under the title "New mode of deceit," I began to realize the many tactics for extracting money which are practiced in Jakarta. The "trickery" employed by the hoodlums who feign injury after purposely knocking themselves against the sides of slow- moving cars and later demand money in compensation for their "injuries," as related in the letter published in The Jakarta Post, is certainly not an isolated case.

Police close in on murderer of senior officer

Police close in on murderer of senior officer JAKARTA (JP): Police said on Saturday they were close to catching the man who murdered Maj. Noenang Kohar MS, chief of the Pademangan police subdistrict in North Jakarta, on Friday night. The city police have mobilized hundreds of detectives to hunt for the man who fatally stabbed Noenang on Jl. Wisma Jaya, Central Jakarta, at approximately 7 p.m. on Friday.

Heart disease is attacking the young

Heart disease is attacking the young JAKARTA (JP): Heart disease, already the number one killer in Indonesia, is now attacking young people, experts said on Saturday. "Coronary arterial disease should receive our serious attention because it has already attacked patients of much younger ages, caused largely by changing lifestyle behavior," Prayitno, the dean of the School of Medicine at Trisakti University, said in a seminar.

East Timor

East Timor As an expatriate Italian I feel compelled to comment on what to me is a lack of credibility on the part of the Australian media and some Australian groups concerning the East Timor issue. I am as genuinely concerned about human rights as the next person but, never having been to East Timor, as I suspect is also the case with the majority of the critics, I try to make a balanced judgment on the basis of all the facts, albeit second hand.

APEC Business Forum seeks to form new advisory body

APEC Business Forum seeks to form new advisory body TOKYO (AFP): Business advisers to the Asia Pacific Economic Cooperation (APEC) forum said on Saturday they wanted to establish a new body to make independent proposals to the association. "We want to establish an APEC business council to integrate the Asia-Pacific business community's views into the APEC process," said Minoru Murofushi, co-chairman of the 1995 Pacific Business Forum (PBF) and president of Japanese trading house Itochu Corp.

BDNI buys bank stake

BDNI buys bank stake JAKARTA (JP): PT Bank Dagang Nasional Indonesia (BDNI), a subsidiary of the Gadjah Tunggal Group, has acquired a 40 percent stake in Bank Dewa Rutji for Rp 75 billion (US$34 million). BDNI President Sjamsul Nursalim said on Friday that the fresh injection of funds, made in May, was followed by the appointment of several BDNI executives to the board of directors and the board of commissioners of Bank Dewa Rutji.

ASEAN needed on UN peacekeeping

ASEAN needed on UN peacekeeping TOKYO (AFP): Japan will propose to establish a committee to discuss regional cooperation on UN peacekeeping operations at the upcoming ASEAN Regional Forum in Brunei, a newspaper said yesterday. The committee would consist of high-ranking officials from members of the forum and be chaired by Canada and the Association of Southeast Asian Nations (ASEAN), the Nihon Keizai Shimbun said, quoting Japanese government sources.

Cement plant to be built

Cement plant to be built JAKARTA (JP): Minister of Finance Mar'ie Muhammad laid on Saturday a corner stone for the foundation of a cement plant to be built by PT Semen Bosowa Maros in the South Sulawesi town of Maros with an investment of Rp 535 billion (US$238.83 million).

Transmigration defies economic sense

Transmigration defies economic sense JAKARTA (JP): The government's program to resettle millions of people from overcrowded Java and Bali to lesser-populated islands defies economic sense, says Minister of Transmigration Siswono Judohusodo. Siswono said in a scientific oration on Saturday, however, that the government must push ahead with its transmigration program. Indonesia is caught in a vicious circle in trying to manage its population distribution.

Developer has yet to build low-cost housing project

Developer has yet to build low-cost housing project JAKARTA (JP): The developer of the Pantai Indah Kapuk waterfront estate in North Jakarta has yet to build the low-cost apartments it promised to construct, a press report said Saturday. The developer, PT Mandara Permai, has just begun the development of 60 five-story apartment blocks which are to have the capacity to accommodate 1,920 families.

Mangga Dua business disrupted by floods

Mangga Dua business disrupted by floods JAKARTA (JP): Extensive flooding in the Mangga Dua commercial district of Central Jakarta has made life harder for small-scale vendors and workers in the area. The flooding -- affecting a two-kilometers stretch of Jl. Mangga Dua Raya -- has been going on for more than a month. Although it has come in the dry season, the flooding has been worse than it was in the wet season.

Ismail warns officials' children

Ismail warns officials' children JAKARTA (JP): Children of senior government officials may not be barred from going into business but they should know their place, said the chairman of the United Development Party. The children of officials should not be "greedy" and use their parents' positions to boost business, Ismail Hasan said on Saturday.

Appeal to businessmen in N. Jakarta

Appeal to businessmen in N. Jakarta JAKARTA (JP): A City Councillor has called on businessmen operating in the North Jakarta mayoralty to have a sense of social responsibility and help solve the environmental problems being faced by residents.

Police secure sorcerer

Police secure sorcerer SURABAYA: A family of five from Jambringan village in Pamekasan, Madura, are now under police protection after the local people threatened to burn down their house on charges of killing villagers through black magic. The police, who are sheltering the family in their mosque, said yesterday they would solve the problem after discussing it with the other local authorities. The plan to set the family's house on fire was foiled by the police.

Dwarfs present in Jambi

Dwarfs present in Jambi JAMBI: Dr. Yanwar of the National Institute of Science, in cooperation with an English researcher Deborah Martyr, is still conducting research on the reported presence of dwarfs in the Kerinci Seblat National Park. "We have not received any reports from the two researchers who are still in the forest," Kerinci regent Bambang Sukowinarno was quoted by Antara as saying over the weekend. Bambang said it was the second time since 1993 that Martyr has engaged in research here.

Feed prices may decrease

Feed prices may decrease JAKARTA (JP): The Directorate General of Animal Husbandry, the National Logistics Agency (Bulog) and the Association of Animal Feed Producers will hold a meeting here this week to discuss measures to lower feed prices on the domestic market. "The meeting is expected to reach agreement on lowering the price of animal feed to fair levels which can be accepted by both producers and consumers," Director General of Husbandry Soehadji told reporters here on Saturday.