Indonesian Political, Business & Finance News

Archive: 1 August 1995

44 articles found

'Small banks need to merge with big banks for survival'

'Small banks need to merge with big banks for survival' JAKARTA (JP): Merging with larger banks will enable the country's small banks to face the fierce competition that may arise as a result of last week's World Trade Organization's financial pact. The president of Bank Nusa International, Bangun S.

Express train begins operation

Express train begins operation JAKARTA (JP): President Soeharto yesterday dedicated two sets of locally-built express train cars in connection with the 50th anniversary of Indonesia's independence. In a modest ceremony held at the Gambir railway station, Central Jakarta, Soeharto poured fresh water out of a traditional drinking flask, while citing the hope that the two trains will operate safely.

Suu Kyi questions ASEAN's policy

Suu Kyi questions ASEAN's policy BANGKOK (Reuter): Myanmar's opposition leader Aung San Suu Kyi questioned the effectiveness of Southeast Asia's "constructive engagement" policy toward Myanmar, and called on neighboring countries to help promote democracy in Myanmar, The Nation newspaper reported yesterday.

Nominees to ensure fair rights share disbursing

Nominees to ensure fair rights share disbursing JAKARTA (JP): Stock dealers and analysts have asked the Capital Market Supervisory Agency to allow foreign investors to use nominees in order to prevent unfair distribution of rights shares in the future. Nurkhamid, chairman of the Jakarta Brokers Club, said yesterday that by using nominees, foreign investors would still be able to buy shares, even though the 49 percent ceiling allocated to them had been achieved.

Daewoo, Austrade to support refinery in East Java

Daewoo, Austrade to support refinery in East Java JAKARTA (JP): PT Asia Pacific Petroleum, a company controlled by Bambang Trihatmodjo, Daewoo Corporation of South Korea and Austrade of Australia have agreed to build a US$1.5 billion oil refinery in Situbondo, East Java, an executive said yesterday. Harsudi Supandi, a PT Asia Pacific Petroleum executive, told The Jakarta Post that Daewoo Corp.

Sale of old stamps and currencies

Sale of old stamps and currencies JAKARTA (JP): A local trader will auction old bank notes, stamps and also phone cards for three days starting Friday at the Hilton's Cempaka Room. "I am holding the auction as part of my participation in the celebration of the 50th Anniversary of Indonesia," N.P. Then, the trader who runs Hay Yin Coins Shop in the basement of Metro Supermarket in Pasar Baru, told reporters Saturday. He will auction 1,000 items.

W. Sumatra needs more teachers

W. Sumatra needs more teachers PADANG, West Sumatra: The local office of the Ministry of Education and Culture said West Sumatra needs 6,527 more primary school teachers, including 5,889 to teach religion. The office's chief, Ismed Syarif, said the shortage is hampering the administration's education goals, Antara reported. Ismed said there are 31,330 primary teachers in the province, teaching 689,875 pupils in 25,637 classes at 4,224 schools.

Let political exiles return home: Scholar

Let political exiles return home: Scholar JAKARTA (JP): Vocal scholar Arief Budiman has called for the government to allow the many overseas Indonesian political exiles linked to the 1965 abortive Communist coup to return home. His appeal comes on the heels of President Soeharto's decision to grant clemency to three men once tied to the Indonesian Communist Party (PKI) after nearly 30 years in prison.

Govt hoped to raise toll road rates soon

Govt hoped to raise toll road rates soon JAKARTA (JP): PT Citra Marga Nusaphala Persada, a publicly listed tollway construction company controlled by business woman Siti Hardiyanti Rukmana, is expecting the government to announce new toll road rates in the next two months. "We expect that the government will announce a decision on toll rates at the beginning of September," a company director, Bambang Soeroso, said after the annual meeting of its shareholders yesterday.

Bira almost doubles profit

Bira almost doubles profit JAKARTA (JP): The publicly-listed Bank Bira yesterday announced a net profit of Rp 13.35 billion (US$5.6 million) for the first six months of this year, up by 95 percent from the same period of last year. Earnings per share increased to Rp 167 in the first six months of this year from Rp 114 in the same period of last year. The bank, which was listed on the Jakarta Stock Exchange in July last year, recorded total assets of Rp 1.3 trillion as of June 30, up from Rp 732.

Celebrations focus on meaning of independence

Celebrations focus on meaning of independence JAKARTA (JP): For the remainder of the year, Indonesians will engage in a multitude of 50th anniversary activities with nationhood and the Pancasila ideology as themes. Emil Salim, executive chairman of the National Committee for the 50th Independence Anniversary, told journalists yesterday that a host of both national and regional level activities are planned to enliven the occasion.

New intellectual group founded

New intellectual group founded PURWOKERTO, Central Java (JP): A new organization of intellectuals, calling itself the Association of Intellectuals for Pancasila Development (PCPP), was launched on the weekend. The group, chaired by Rubijanto Misman, proclaims itself an "open and non-political" organization whose membership is not based on race, ethnicity or religion. "An intellectual does not have to have academic predicates such as professor or doctor.

Small brawl leads to death of three men in E. Jakarta

Small brawl leads to death of three men in E. Jakarta JAKARTA (JP): Police said yesterday that Saturday's fatal clash between an army corporal and three civilians, which resulted in the death of three people including the corporal, was probably caused by a minor incident. Police spokesman Lt. Col. Bambang Permantoro told The Jakarta Post that the local police are still questioning a number of suspects and collecting evidence from the scene of the crime.

Australia, NZ excluded from Asia-Euro meet

Australia, NZ excluded from Asia-Euro meet BANDAR SERI BEGAWAN (AFP): Asian nations preparing for a summit with Europe in early 1996 agreed yesterday to exclude Australia and New Zealand despite Japan's lobbying for the two to be taken aboard, officials said. The unprecedented summit in Thailand will include the seven- member Association of Southeast Asian Nations (ASEAN) along with Japan, China and South Korea, senior officials said after a meeting on the summit plans.

Searching for a balance between oral and written cultures

Searching for a balance between oral and written cultures By Mochtar Buchori JAKARTA (JP): In his article in The Jakarta Post, July 26, 1995, Harvey Stockwin refuted the charge that ASEAN is "nothing more than a talking shop wherein words are plentiful but substantive achievements are much less commonplace." He argued that it has been this "talking shop"-method that, over the years, has kept emotional issues in the region within bounds.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on July 31, 1995: Trading Shares Close Change Volume ------------------------------------------------------------------- Ades Alfindo 2,300 0 0 AHAP Insurance 3,250 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 2,100 75 388,000 Aneka Kimia Raya 6,500 -100 37,500 Anwar Sierad 1,350 0 351,000 Aqua Golden Mississippi 2,800 0 0 Argha Karya Prima Industry 1,800 -25 221,000 Argo Pantes 2,600 0 0 Asiana IMI Indusrties 925 0 10,000...

Indonesia's Nugroho takes over UNSC chairmanship

Indonesia's Nugroho takes over UNSC chairmanship JAKARTA (JP): Indonesia's senior diplomat Nugroho Wisnumurti officially takes over the chairmanship of the powerful United Nations Security Council today, with a plateful of controversial and complex issues on the agenda, ranging from the Bosnian conflict to the UN economic sanctions against Iraq.

Private firms, PAM Jaya to work together

Private firms, PAM Jaya to work together JAKARTA (JP): City-owned water company PAM Jaya will sign a cooperation agreement with two local companies to expand and manage tap water distribution in the city, Minister of Public Works Radinal Moochtar said yesterday. Speaking after a meeting with Governor Surjadi Soedirdja at City Hall, the minister said that the cooperation agreement is intended to help improve the company's services.

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.

Traffic operation launched to round up violators

Traffic operation launched to round up violators JAKARTA (JP): City Police start a massive operation against traffic violators in and around the capital today. During the operation, scheduled to last 60 days, a total of 1,823 police personnel, accompanied by personnel from various institutions, will be targeting the netting of at least 1,500 violators per day, particularly along selected roads in "traffic order" areas. Traffic violators will be fined under Traffic Law No.

Arrows aim for peace in archery meet

Arrows aim for peace in archery meet By Arief Suryobuwono JAKARTA (JP): Arrows can harbinger enmity, but can also herald reconciliation. The run-up to the 38th World Archery Championships here was marked with a diplomatic dispute over the participation of Israel and Portugal, two countries which have no diplomatic ties with the host country. The row finished with Israel opting out of the world archery meet and Portugal accepted in along with the other participating countries.

Jakarta will host world volleyball

Jakarta will host world volleyball JAKARTA (JP): Women's volleyball teams from Cuba, Russia, China and South Korea will resume their rivalry in the fourth leg of this year's US$2 million World Volleyball Grand Prix scheduled for Aug. 25 to Aug. 27 at the Senayan indoor stadium. World champion Cuba will be spearheaded by Mireya Luis and Idalmis Gato, whose jumping smashes contributed to their team's superb victory of 15-17, 15-13, 15-7,15-4 over China in last year's finals in Shanghai.

Indosat offers discounts

Indosat offers discounts JAKARTA (JP): PT Indosat, the state-owned international telecommunications operator, will offer discounts on calls made on Aug. 12 through Aug. 19 in connection with Indonesia's golden anniversary which falls on Aug. 17. A company spokesman, Venny Zano, said yesterday that during the period, Indosat will offer a discount of 10 percent for calls made during business hours and 25 percent for non-peak hour calls.

Government won't fully open local property market

Government won't fully open local property market JAKARTA (JP): State Minister of Public Housing Akbar Tandjung rejected demands from housing developers yesterday to fully open the local property market to foreigners, which they argue would bolster today's sagging market. Akbar told a seminar on property law that the government's chief concern is still in providing affordable housing for Indonesian people.

House owners given ultimatum

House owners given ultimatum MEDAN, North Sumatra: The city administration has issued an ultimatum to homeowners along Medan's main roads to repaint their houses white, as part of the celebration to mark Indonesia's 50th independence anniversary, or face prosecution. City chief spokesman Niwal Hasyim told Antara that the homeowners have had plenty of time because the instruction to have their houses painted white was issued in May.

RI must develop software to progress

RI must develop software to progress JAKARTA (JP): To obtain licenses in developing computer software in Indonesia is the key of success in dealing with the business, Chairman of the Indonesian Computer Software Association Achmad Firwany said yesterday. "The U.S. Business Software Alliance has agreed to assist the association in developing software in Indonesia through searching for software products specific to the country's needs," said Firwany.

Bintang's witnesses approved

Bintang's witnesses approved JAKARTA (JP): The police will allow three Indonesian students studying in Berlin to testify on the behalf of politician Sri Bintang Pamungkas, who faces charges of insulting President Soeharto during his visit to Germany in April. "Chief Detective of the National Police Brig. Gen. Rusdihardjo said this afternoon that the three students can be included as witnesses for Bintang's defense in the police investigation report," R.

A lesson for Abdurrahman

A lesson for Abdurrahman As reported in The Jakarta Post July 28, 1995, Mr. Abdurrahman Wahid, the Chairman of the 30-million-strong Moslem Nahdlatul Ulama organization, was at his controversial best, again. He said that he saw nothing wrong with Indonesia welcoming Israel participation in the international archery championships currently being held in Jakarta, stressing that religious belief should not be mixed up with sporting events.

A step forward

A step forward Elsewhere in this newspaper can be found a report on the inauguration yesterday by President Soeharto of two new railroad services linking Indonesia's capital city with the provincial capitals of East Java and West Java. With the opening of those new services it is now possible for people from Jakarta to travel in genuine comfort and be in Surabaya in nine hours -- as compared to the previous 14 -- and in Bandung in just two.

TV today

TV today TVRI 2:35 p.m. TV Series: Hassai Sensei 3:05 Diletansia 3:30 TV Series: Willing And Abel 4:30 Sports 5:00 Regional News 5:30 English Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:30 Religious Teachings 7:00 Evening News 7:30 Talk Show: Wawasan 8:05 Traditional Drama 9:00 World News 9:25 Film: Last Of The Mahicans 10:55 Late News 11:05 Film Program 2 4:30 p.m.

Crime-fighting operations to be stepped up nationwide

Crime-fighting operations to be stepped up nationwide JAKARTA (JP): In response to the rising crime rate, the government promised yesterday to intensify its fight against crime and called on the public to cooperate. Minister of Defense and Security Gen. (ret.) Edi Sudrajat said the government did not intend to launch a special operation to fight crime but expects the public to take a more active role through neighborhood watch groups and other means.

Silk-screen factory faulted for pollution

Silk-screen factory faulted for pollution JAKARTA (JP): A delegation of Rawa Buaya residents, West Jakarta, went to the City Council yesterday to protest the operation of a silk-screen factory which allegedly pollutes the nearby areas. The 10-member delegation, representing 74 families of the Rawa Buaya subdistrict, told the council's Commission D, which is in charge of environmental affairs, that waste from the factory has contaminated the local residents' wells.

Courtesy needed at embassy

Courtesy needed at embassy Many of us Indonesians, at one point or another, have experienced having to deal with foreign embassies in Jakarta. It is really interesting, especially in the Visa Section, where interaction is mainly through Indonesian staff working for the embassy. Notwithstanding the rules and regulations which apply within the embassy compound, the service extended by the Indonesian staff towards the public leaves a lot to be desired.

Two killed in road crash

Two killed in road crash PURWOKERTO, Central Java: Two people were killed and four others injured in the early hours of Saturday when a train slammed into a truck on a railway crossing at Karanggandul near here. The two victims were passengers of the truck. Witnesses said the truck driver, identified as 40-year old Soin, ignored signals from the railway crossing guard that a train was about to pass. (wah)

Komselindo sets aside $40m for expansion

Komselindo sets aside $40m for expansion JAKARTA (JP): PT Komunikasi Selular Indonesia (Komselindo), a new private cellular telecommunications operator, has allocated an investment of Rp 90 billion (US$40.14 million) for the expansion of its cellular telecommunications business. The company's president, Soedjono Kramadibrata, said yesterday that the investment will be used to install more digital switching networks and 67 radio base stations.

Cement firm halts operation

Cement firm halts operation JAKARTA (JP): PT Semen Andalas Indonesia, a cement firm in Aceh, stopped its production activities for nine days, from July 20 through July 29, due to an abundance of cement stored in its warehouses.

Garuda needs stewardesses

Garuda needs stewardesses JAKARTA (JP): Indonesia's flag carrier, Garuda Indonesia, is inviting former stewardesses to become temporary cabin crew during next year's pilgrimage flights, a company official said. Garuda said in a release that the company needed at least 1,100 cabin crew personnel for the pilgrimage flights. "Garuda only provides 300 of its own crew. The others are taken from among the applicants," he said.

Damage caused by riots only slight, official says

Damage caused by riots only slight, official says JAKARTA (JP): The riots that marred the Indonesian soccer league championship final between Persib Bandung and Petrokimia Putra on Sunday are expected to cost the organizers a considerable sum, but an official says the damage caused was tolerable.

Businessmen oppose sales regulation

Businessmen oppose sales regulation JAKARTA (JP): The Indonesian Retailers Association expressed yesterday strong opposition to a suggestion from a group of store-owners, called AP3I, that the government regulate sales to prevent a price war among retailers. "Regulating sales is contrary to the spirit of deregulation and the market mechanism, which the government has been promoting," H.E. Dachlan, the association's chairman pointed out.

Bank Pelita posts profit

Bank Pelita posts profit JAKARTA (JP): Bank Pelita, which has been taken over by the Djojohadikusumos, announced yesterday an increase of its before- tax profit to Rp 575 million (US$257,000) for the first semester of this year from Rp 417 million for the entire year of 1994. The management of the bank issued a statement revealing that its total assets soared to Rp 317 billion as of June from Rp 140 billion as of last year-end, while its deposits increased to Rp 74 billion from Rp 17 billion.

Cadets expelled for cheating

Cadets expelled for cheating MAGELANG, Central Java: The Military Academy has dishonorably expelled 11 first- and second-year cadets after learning that they had forged the mark in their high school diplomas when they enrolled. The 11 consisted of nine cadet sergeant majors and two cadet corporals, Lt. Col. Soerachman, the academy's chief spokesman, told Antara.

RI ships waste back to Holland

RI ships waste back to Holland JAKARTA (JP): Seventy-five containers of hazardous waste piling up unclaimed in the Tanjung Priok port since 1993 was finally shipped back to the Netherlands by the Indonesian government yesterday. The waste had been the center of controversy between the government and environmentalists ever since its arrival more than two years ago.

RI, Japan concerned with nuclear tests

RI, Japan concerned with nuclear tests By Oei Eng Goan BANDAR SERI BEGAWAN (JP): Indonesia and Japan share common a concern on the violation of non-Nuclear Proliferation Treaty by signatory countries and called on the nuclear-power countries to move towards the cessation of their tests. "We discussed the (nuclear) tests that one country is doing and another country intends to do, and on that score I think, there is an identity of view between Japan and Indonesia.

Severe sentences sought for Beng Seng's killers

Severe sentences sought for Beng Seng's killers JAKARTA (JP): The prosecutor has demanded that the two defendants on trial at the North Jakarta District Court for killing a business tycoon be sentenced to life and 21 years in prison respectively. "It has been proven that the killing of Nyo Beng Seng, also known as Darmansyah Sujadi, was premeditated and committed by the defendants.