Indonesian Political, Business & Finance News

Archive: 24 July 1995

43 articles found

Kahfi says apartment construction to go on

Kahfi says apartment construction to go on JAKARTA (JP): The Central Jakarta mayoralty will allow the developer of the Park Royale apartments on Jl. Gatot Subroto to continue construction as soon as the problems disturbing people living nearby are overcome. Central Jakarta Mayor Abdul Kahfi said that he would announce the decision to allow resumption of construction after receiving complete progress reports from the Central Jakarta development supervision agency.

Truth is winner in S'pore-RP relations

Truth is winner in S'pore-RP relations By J. Soedjati Djiwandono JAKARTA (JP): Findings of another autopsy on the remains of the victims of the Flor Contemplation murder case have turned out, in effect, to confirm the justice of the judgment by the Singapore court. The autopsy was carried out by a third party agreed upon by both the Singaporean and Philippines governments. President Fidel Ramos had earlier questioned the Singapore court judgment.

Rich should help poor children

Rich should help poor children SEMARANG: Wealthy people should help the poor and neglected children that roam major city streets, especially in Java, a social observer said yesterday. Diponegoro University's Soewono said that the number of poor and neglected children is rising and that the rich could help ease the problem. "Problems facing children, such as those who make a living as shoe polishers and newspaper hawkers, are not only economic but a result of rapid population growth," he said.

Govt support needed

Govt support needed JAKARTA (JP): Indigenous entrepreneurs will hold a two-day national workshop in Semarang, Central Java, this week at which, they say, they will ask the government to support their efforts to enlarge their role in Indonesia's economic development.

Apartment permits withheld

Apartment permits withheld JAKARTA (JP): The city administration is withholding building development permits for two towers of the Taman Rasuna Said apartments because the developer has not fulfilled barter agreement obligations. Assistant to the City Secretary Prawoto Danoemihadjo said that PT Catur Swasakti Utama (CSU), the developer of the apartment complex on Jl.

Myanmar's transition raises Asia's democracy stakes

Myanmar's transition raises Asia's democracy stakes By Jonathan Power LONDON (JP): Myanmar's wickedly corrupt generals have finally taken a significant step back towards where they were in 1990. Then Miss Aung San Suu Kyi, at last freed from house arrest last week, won over 60 percent of the vote. But whether the generals now see themselves back on the road that leads to democracy will depend a lot on whether they judge it to be in their own economic interest.

RP and China to hold talks on Spratlys

RP and China to hold talks on Spratlys MANILA (AFP): Philippine and Chinese diplomats are to hold talks next month on the disputed Spratly islands, Chinese embassy spokesman Zhang Tiegen said here yesterday. The meeting has been scheduled for Aug. 6 to 9 but did not say where the discussions will be held. The two sides last met in Beijing in March.

Bourses sign merger pact

Bourses sign merger pact JAKARTA (JP): PT Bursa Efek Surabaya, the manager of the Surabaya Stock Exchange (SSE), signed a merger agreement on Saturday with PT Bursa Paralel Indonesia (BPI), the manager of the Jakarta-based parallel market, after five months of intensive negotiations.

'Cooperatives need to focus on profits'

'Cooperatives need to focus on profits' JAKARTA (JP): Cooperatives need to focus their operations on making profits rather than on social ends in order to increase their contribution to the country's economic development, experts said on Saturday.

Joko triumphant in Singapore badminton

Joko triumphant in Singapore badminton SINGAPORE (AFP): Former world champion Joko Suprianto had a timely second wind to beat fellow Indonesian Hermawan Susanto yesterday, winning the men's singles title in the Konica Cup Singapore badminton championships. The 29-year-old Suprianto overcame a thigh strain and a fightback by his opponent en route to his 15-11, 3-15, 15-10 victory for his second title this year.

Lava threatens Lumajang

Lava threatens Lumajang LUMAJANG, East Java: Fearing that the heavy rains would wash lava down from Mount Semeru, the local government evacuated 850 people in the Pronojiwo subdistrict to safer ground Saturday. The heavy rains that have pounded the regency since early Saturday could flush an estimated 13 tons of lava from the slopes of the volcano, said Abdul Rahman from the social service office.

Fee for visa to Britain

Fee for visa to Britain Thank you for publishing my letter Visa application in The Jakarta Post, July 21, 1995. However, there is a typographical error which makes my assertion that you have to pay a large amount of money for a tourist visa to the United Kingdom rather inappropriate. The application fee for a single entry tourist visa to Britain is Rp 122,100 (one hundred and twenty-two thousand and one hundred) and not Rp 12,100 (twelve thousand and one hundred) as printed. R. POTTER Jakarta

Street vendors' welfare

Street vendors' welfare JAKARTA (JP): The City Council has criticized the city administration for failing to improve the welfare of street vendors operating in the city. Lukman F. Mokoginta, chairman of the Indonesian Democratic Party (PDI) faction of the council, said over the weekend that the welfare of street vendors will be considered improved when many of them manage to operate their own kiosks or legally hire space at new markets in the capital.

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.

Transparency on govt firms' data called for

Transparency on govt firms' data called for JAKARTA (JP): A member of the Indonesian Democratic Party (PDI) faction of the City Council urged the municipal administration on Saturday to make a full disclosure of city- owned companies' profits. Faction chairman Lukman F.

Care goes from caring to empowering

Care goes from caring to empowering By Ati Nurbaiti JAKARTA (JP): A spray of water gushed from new pipes in an arid East Java village recently. "We did it!" screamed the villagers, joyously proud of their 18 months of hard work to bring water to their village. The 18-month period also brought about a transformation in the villagers' attitude, from one of helplessness to confidence that they could overcome their problem of getting access to clean water.

Israel, Portugal not to use their flags, anthems at c'ship

Israel, Portugal not to use their flags, anthems at c'ship JAKARTA (JP): Senior government officials have confirmed that Portugal and Israel will not be using their national anthems and flags in an international archery championship here next week.

Strategic acquisition

Strategic acquisition The acquisition by state-owned PT Semen Gresik of two other state cement companies, Semen Padang and Semen Tonasa, last week is a strategic move to help the government better manage the cement market which over the past few years has often puzzled consumers with questionable price rises.

Consortium to build new rayon plant in Sumatra

Consortium to build new rayon plant in Sumatra JAKARTA (JP): A consortium of eight textile companies has agreed to build a US$720 million rayon production plant in southern Sumatra to help reduce costs in the textile industry, which has recently been hit by rising raw materials prices. Bambang R.

Mayors asked to speed up warehouse relocation plan

Mayors asked to speed up warehouse relocation plan JAKARTA (JP): The city administration has instructed the West and Central Jakarta mayors to see that businessmen in three districts in the two mayoralties relocate their warehouses. "The mayors should tell the businessmen to relocate their warehouses from the Kota area because the governor has given them the authority to do so," Sri Untari, a staff member of the city administration's economic bureau, said.

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.

KL threatens to sell arms to Bosnian govt

KL threatens to sell arms to Bosnian govt KUALA LUMPUR (AFP): Malaysia is willing to sell arms to Bosnian government forces to back the Organization of the Islamic Conference's (OIC) stand that the embargo was "invalid," Prime Minister Mahathir Mohamad said. "We will sell (weapons)... At the same time, we will also supply more weapons to our peacekeepers because our troops are not well-equipped unlike the NATO soldiers," Mahathir was reported as saying by the local Sunday Times.

ASEAN attorney generals set for cooperation

ASEAN attorney generals set for cooperation JAKARTA (JP): Attorney generals from the Association of Southeast Asian Nations (ASEAN) will sign a landmark cooperation agreement on crime fighting this week. Indonesia's Attorney General Singgih said on Saturday that he and his five ASEAN counterparts will issue a "Jakarta Consensus" during their two-day meeting here which begins today.

ASEAN to meets to admit Vietnam, study prospects for Myanmar

ASEAN to meets to admit Vietnam, study prospects for Myanmar KUALA LUMPUR (AFP): ASEAN is to study "positively" Myanmar's request to join the grouping during next week's meeting in Brunei which will see Vietnam admitted as the group's seventh member, a top diplomat said yesterday.

Indonesia protests release of East Timorese

Indonesia protests release of East Timorese JAKARTA (JP): The Indonesian embassy in Canberra is strongly protesting the Australian government's decision to release 18 illegal East Timorese immigrants from a detention center and for allowing them to become residents. The embassy said in a press statement Saturday that Canberra's decision could jeopardize Indonesian-Australian relations.

Hasan Basri favored to stay at top of MUI

Hasan Basri favored to stay at top of MUI JAKARTA (JP): Sideline talks at the ongoing congress of the Indonesian Council of Ulemas (MUI) indicated that incumbent chairman Hasan Basri is still the most favored figure to sit at the helm of the 20-year-old council. Out of roughly 300 participants, several told The Jakarta Post yesterday that Hasan Basri, who took over the council's chairmanship in 1985 when E.Z.

Barito to start pulp production in 1997

Barito to start pulp production in 1997 JAKARTA (JP): The Barito Pacific Group announced over the weekend that it will establish a medium density fiberboard (MDF) factory and pulp plant, both of which are expected to start production in 1997. Johannes Hardian, the president of Barito Pacific's subsidiary, PT Musi Hutan Persada, told members of the House of Representatives' Budgetary Commission during their visit to Palembang, South Sumatra, that both plants will be located in that province.

Saddam Hussein sues police

Saddam Hussein sues police JAKARTA (JP): A citizen in Pekalongan, Central Java, who shares a name with Iraqi President Saddam Hussein, is suing the police for false arrest. Thirty-year-old Saddam Hussein, who professes to be an admirer of both the Iraqi leader and late Indonesian president Sukarno, said he was briefly detained by the police on the accusation that he had stolen a video cassette recorder found in his electronic repair shop, Antara reported.

'Producer' lets you create your own movie on PC

'Producer' lets you create your own movie on PC By Zatni Arbi JAKARTA (JP): Back in 1992, I attended a presentation of AVID, a desktop video publisher that used a Macintosh Quadra. I was especially dazzled by the Quadra's capability to capture video and audio and mix them with animation to create rich multimedia presentation. At that time, it really seemed that the Mac was the only machine that could handle this kind of job.

Fire destroys storage space

Fire destroys storage space JAKARTA (JP): Fire has destroyed impermanent wooden structures used to store goods for the construction of a project owned by the state-owned Bank BNI 46 near Jl. Sudirman in Central Jakarta. The fire occurred at around 7 a.m. Saturday at the project site run by the state-owned developer PT Waskita Karya. Local authorities said no fatalities had been reported.

U.S. may end GSP facility

U.S. may end GSP facility JAKARTA (JP): The Ministry of Trade is warning that Indonesia might lose preferential treatment from the United States under its Generalized System of Preferences (GSP) trade facility if Congress fails to extend it after its expiration date of July 31.

Five up for best film at Asia-Pacific festival

Five up for best film at Asia-Pacific festival JAKARTA (JP): The panel of judges at the 40th Asia-Pacific Film Festival nominated five films in the Best Film category yesterday. They surprised observers by postponing the announcement of the nominations for 11 other categories until the night of award presentation ceremony slated for July 26.

Military enlists students in discipline drive

Military enlists students in discipline drive JAKARTA (JP): The Jakarta Military Command has enlisted high school students in the National Discipline campaign launched last month mainly to motivate people to obey laws. Jakarta Military Chief Maj. Gen. Wiranto secured the support of at least 1,000 students during a meeting to discuss the campaign at the Jakarta Theater on Saturday.

More property firms may seek offshore financing

More property firms may seek offshore financing JAKARTA (JP): More property developers will likely seek offshore loans to finance their projects as a result of the increasing local interest rates and the government's call for limited credit expansion for the property sector.

Moslem leaders want MUI to side with people

Moslem leaders want MUI to side with people JAKARTA (JP): Moslem leaders are calling on the government- sponsored Indonesian Council of Ulemas (MUI) to be more independent and to ward off the push and pull of politics. While praising current chairman Hasan Basri for his finely- tuned ability to bridge the government and the ummat (Moslem community), several preachers agreed that MUI should side with the people and keep a healthy distance away from the power holders.

Japanese soybeans in RI

Japanese soybeans in RI JAKARTA (JP): An agribusiness company in Jember, East Java, is pioneering the cultivation of a high-yielding Japanese variety of soybean, called Edamame, for export purposes. Minister of Agriculture Sjarifudin Baharsjah, who inspected the cultivation of Edamame soybeans in Jember over the weekend, said the soybeans will be exported primarily to their country of origin, Japan.

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 10:55 Late News 11:05 Film (continued) Program 2 4:30 p.m.

Give extortionists the boot

Give extortionists the boot A few days after visiting the Jakarta Fair (PRJ), when I was going home I was obliged to face Jakarta's usual problem of transportation. No way to get a taxi (my destination was judged not far enough by taxi drivers), and therefore the only choice was to go back by bajaj (small three-wheeled passenger transport vehicle). Before the bajaj started up a young man with a menacing attitude approached the driver.

Summarecon told to speed up

Summarecon told to speed up JAKARTA (JP): North Jakarta Mayor Suprawito has ordered private housing developer PT Summarecon Agung to speed up the construction of public and social facilities in its housing projects. Suprawito said over the weekend that the developer has built 13 public facilities in its housing projects, but five fail to meet the requirements stated in an agreement between the company and the North Jakarta mayoralty.

Indian school's principal acquitted of all charges

Indian school's principal acquitted of all charges JAKARTA (JP): The Supreme Court has ordered the restoration of Ram Gulumal, 56, to the position of principal of the Gandhi Memorial School, after acquitting the Indian national of all charges of giving false information and manipulation of school funds. Ram Gulumal was tried last year and sentenced to a year in prison on charges of making false statements and manipulation of school funds.

Share prices on JSX rise slightly

Share prices on JSX rise slightly JAKARTA (JP): Despite mixed market sentiment on the regional stock markets, the Jakarta Stock Exchange (JSX) Composite Index climbed by 2.7 points (0.52 percent) to close at 510.93 last week. Conglomerate Bimantara Citra shares were the highlight of last week, topping the list of most active counters for five consecutive days.

Persib Bandung on course to league semifinals

Persib Bandung on course to league semifinals JAKARTA (JP): Persib Bandung beat the odds in style yesterday when it stunned Medan Jaya 2-1 in their Group B quarterfinal match at Senayan stadium. Playing before partisan fans, many of whom had to make a 200- kilometer drive to reach the stadium, Persib built up a fast, spirited pace which earned it two first-half goals to seal Medan Jaya's fate in the round-robin competition.

Soeharto joins young citizens to celebrate Children's Day

Soeharto joins young citizens to celebrate Children's Day JAKARTA (JP): President Soeharto together with 440 eight to 12-year-old children celebrated National Children's Day at Taman Mini in East Jakarta yesterday. The President and First Lady Tien Soeharto as well as the Vice President and Mrs. Try Sutrisno were warmly welcomed by the children, who were singing the Children Day march to the accompaniment of the Cikini School orchestra.