Indonesian Political, Business & Finance News

Archive: 24 August 1995

46 articles found

Antique kris collections on view in Jakarta

Antique kris collections on view in Jakarta By Tobias Glucksman and Jason Tejasukmana JAKARTA (JP): Hidden amongst the lights, flags, fanfare and festivities of Indonesia's fifty years of independence, another equally solemn, relatively unheralded celebration of the kris (traditional dagger) is taking place at the BRI II building on Jl. Sudirman.

Loan for Charoen Pokphand

Loan for Charoen Pokphand JAKARTA (JP): Citicorp International Limited announced yesterday that it has arranged a US$40 million revolving credit facility for PT Charoen Pokphand Indonesia and PT Charoen Pokphand Jaya Farm. Citicorp said in a statement that the loan facility, sealed in a contract signed Monday, was originally to be US$30 million but that the amount had been raised to $40 million as a result of an oversubscription of 157 percent, involving 11 banks.

Two fishermen killed at sea

Two fishermen killed at sea JEMBER, East Java: Two fishermen were killed, six are missing and 19 are thought to have survived an accident involving seven boats off Puger beach early Monday. The bodies of the dead fishermen, 30-year-old Nurhadi and another who is yet to be identified, were found floating near the beach on Tuesday. Until yesterday morning, rescue workers were still searching for the missing victims, whose boats were hit by a storm.

Clove monopoly fails

Clove monopoly fails There was nothing really surprising about the fact that the seminar held by the Saraswati foundation on Tuesday came to the conclusion that the 58-month old semi-private monopoly, the Clove Stock Management Company (BPPC), has failed to accomplish its mission of ensuring better earnings for farmers.

Government urged to ratify agreement against torture

Government urged to ratify agreement against torture JAKARTA (JP): A local human rights institute is lobbying the government to ratify an international agreement against torture and other forms of cruelty. Activists of the Institute for Policy Research and Advocacy said yesterday that the government should take both political and legal actions to stop violent treatment on the part of public officials.

Police deny torturing suspects in rape case

Police deny torturing suspects in rape case JAKARTA (JP): City police have denied allegations that the 11 suspects involved in last month's robbery and brutal rapes in Bekasi have been badly tortured by police investigators.

Thoughts along Jl. Sudirman

Thoughts along Jl. Sudirman By Sabam Siagian The following article was written as an introduction to the book on the late Gen. Soedirman, the Supreme Commander of the Indonesian National Army (TNI) from December 1945 until he passed away in January 1950. The book was written by Lt. Gen. (ret) Tjokropranolo, Gen. Soedirman's senior aide, and will be launched at the end of this month in Perth, Australia. This is the first of a two-part article.

Writer Pramoedya eligible for travel abroad: Oetojo

Writer Pramoedya eligible for travel abroad: Oetojo JAKARTA (JP): Minister of Justice Oetojo Oesman assured yesterday that the government has not banned writer Pramoedya Ananta Toer from traveling to Manila to accept his Magsaysay award later this month. Oetojo said that the prolific "leftist" writer is free to travel abroad because so far there has been no requests from any government agencies for immigration authorities to bar him.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 23, 1995: Shares Close Change Trading Volume ------------------------------------------------------------------ Ades Alfindo 2,350 0 0 AHAP Insurance 3,200 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 2,000 -25 45,000 Aneka Kimia Raya 6,550 50 5,000 Anwar Sierad 1,325 50 87,000 Aqua Golden Mississippi 2,800 0 0 Argha Karya Prima Industry 1,875 0 77,500 Argo Pantes 2,500 0 0 Asiana IMI Indusrties 900 0 10,000 Aster...

'CNN', Indonesia

'CNN', Indonesia From Kompas I often wonder whether Indonesia is really as well-known as we have always imagined. On Aug. 10, 1995 I watched the CNN television network. As we know, CNN is an organization which is capable of presenting news items, sports and prestigious interviews from all over the world. On that night CNN was featuring a program called Important Days During the Month of August. However, to my great dismay, for Aug.

Small travel agents support savings plan

Small travel agents support savings plan JAKARTA (JP): A number of small and medium-scale travel agents said here yesterday that the Plan Save-5 savings scheme introduced by the Association of Indonesian Tour and Travel Agencies (Asita) has not affected their international air ticketing business. Plan Save-5 is a plan set by Asita which requires its members to save five percentage points of the nine percent commission provided by airlines.

Garuda Indonesia, KLM to boost cooperation

Garuda Indonesia, KLM to boost cooperation JAKARTA (JP): The national flag carrier Garuda Indonesia and the Dutch airline KLM agreed yesterday to expand their cooperation in commercial flight services, the presidents of the two companies announced. "We agreed to promote the joint services in the winter and to implement them next summer," Supandi, Garuda's president, and Pieter Bouw, KLM's president, said.

Regine Velasques to come here

Regine Velasques to come here JAKARTA (JP): Singer Regine Velasques will arrive in Indonesia this week on a promotional tour for her new album My Love Emotion. Regine, who was born 25 years ago in Manila, started singing when she was four and entered numerous contests from the age of six. She is well known for her hits such as In Love With You, It's Hard to Say Goodbye with Paul Anka, and Listen Without Prejudice.

Bahari Museum rearranged

Bahari Museum rearranged JAKARTA (JP): The marine collections at the Bahari Museum in downtown Kota, West Jakarta, were officially opened in a new display format yesterday by R.S. Museno, the deputy governor in charge of social welfare.

New boutiques at Plaza Indonesia

New boutiques at Plaza Indonesia JAKARTA (JP): PT Plaza Indonesia Realty, the owner of Plaza Indonesia shopping center, is preparing a new shopping facility called Grand Hyatt Galeria. The company's corporate secretary, Sylvia S. Ratulangi, said yesterday that the facility is located on a 1,000 square-meter section previously leased by Fire discotheque.

Indonesia becomes more mature

Indonesia becomes more mature From Neraca With the passing of the celebration of the 50th anniversary of the country's independence, we have become more mature. Indonesia's freedom was hard fought for. Our patriots were fighting without expecting any reward because they only had one motto: "be free or die." The present generation is enjoying the results of development. A lot has been achieved by Indonesia to the amazement of the world communities.

'Hospitals must be prepared for AIDS'

'Hospitals must be prepared for AIDS' JAKARTA (JP): Hospitals should train their personnel and equip themselves to admit AIDS patients because the number of people infected by the deadly disease is rapidly increasing, an expert said yesterday. Currently Indonesia has up to 50,000 carriers of Human Immuno- deficiency Virus (HIV) that causes AIDS, said Zubairi Djoerban, an executive from the study group on AIDS at Jakarta's Cipto Mangunkusumo General Hospital.

Contribution

Contribution From Kompas I was told by my parents in Surabaya, East Java, that the neighborhood authority collected contributions from the community for the Indonesian independence jubilee. My parents had to pay at least Rp 75,000 as a "voluntary" contribution. Both my father, 80, and my mother, 72, underwent Dutch colonialism and the Japanese occupation. They must survive on their pensions. The money the neighborhood authorities demanded was really a shock to the retired couple.

RI-Dutch painters show works of different directions

RI-Dutch painters show works of different directions By Carla Bianpoen JAKARTA (JP): Amidst Indonesia's golden jubilee celebrations, a group of Indonesian and Dutch artists are presenting their visions of today's realities and needs. Back to basics is the message that comes through to the attentive watcher of the exhibition, which was organized by the Yogya-based Cemeti Contemporary Art Gallery and the Gate Foundation in Amsterdam.

Unggul Indah get $120m in loans

Unggul Indah get $120m in loans SINGAPORE (JP): PT Unggul Indah Corporation (UIC), Indonesia's sole producer of alkylbenzene, yesterday secured US$120 million in loans from a syndication of 24 international banks to finance its expansion projects and debt repayment.

Basofi challenges George Foreman

Basofi challenges George Foreman SURABAYA: East Java Governor Basofi Soedirman challenged the world's oldest heavyweight champion, George Foreman, to a duel earlier this week. However, the gauntlet was thrown down during a banquet held on Tuesday in honor of the American boxer and involved singing. After Foreman accepted the challenge, the governor sang Autumn Leaves. Foreman responded by crooning an American tune, If I had a hammer.

Tropical storm hovers east of RP

Tropical storm hovers east of RP MANILA (AFP): Tropical storm Janis was hovering east of the northern Philippines yesterday, but its 95 kilometers an hour winds do not immediately threaten the country, weathermen said. The eye of the storm was about 700 kilometers from the Batanes island group and crawling northwest at seven kilometers an hour, they added.

ASEAN likely to exclude rice from free-trade plan

ASEAN likely to exclude rice from free-trade plan SINGAPORE (Reuter): ASEAN agriculture ministers meeting here for three days beginning today to liberalize farm trade will exclude key commodities, including rice, from tariff reductions, economists and agricultural officials said. The reductions would be part of ASEAN's regional free-trade plan targeted to be implemented by 2003. Whether the exclusions from the cuts end sometime after that year will be up for debate.

Suspected heroin users released

Suspected heroin users released JAKARTA (JP): South Jakarta police announced yesterday that they have released on bail a young French woman and six local citizens but that they are holding three other citizens following a raid on a "heroin party" in Jagakarsa in the city's south on Tuesday morning. According to South Jakarta Police Chief Lt. Col.

RI looks to Japan, U.S. markets for giftware exports

RI looks to Japan, U.S. markets for giftware exports JAKARTA (JP): Indonesia has a lot of room to increase its exports of wooden articles, ceramics and giftware to Japan and the United States, where demand for such goods is increasing steadily, trade officials said yesterday.

Stork wins RI orders

Stork wins RI orders AMSTERDAM (Reuter): Industrial systems and services group Stork NV said it had signed memoranda of understanding for five projects in Indonesia. These orders, the details of which have to be negotiated, have total value of almost 500 million guilders, the company said. Stork is a member of a major Dutch trade mission, currently visiting Indonesia.

Govt to get tough on developers

Govt to get tough on developers JAKARTA (JP): President Soeharto has ordered State Minister of Public Housing Akbar Tandjung to step up efforts to reduce the incidence of cheating on the part of housing developers. Speaking to reporters after meeting with Soeharto at the Merdeka Palace yesterday, Akbar said the President wanted stricter controls on housing developers, to ensure that they abided by the "balanced-housing" concept.

'RI booters fall to better players'

'RI booters fall to better players' JAKARTA (JP): The All-Indonesia Football Association gave no hint of disappointment toward the national team's showing in its 0-1 loss to South Korea in the Olympic Asia Oceania Zone qualifying round match on Tuesday. "Our players do live up to our expectations. We just fell to a better team," Nirwan Bakrie, head of the association's national team forming body, said.

Indonesia will prosper if...

Indonesia will prosper if... In celebrating the independence of the Republic of Indonesia, one cannot separate the proclamation of independence with the names Sukarno and Hatta. It was in the 1960s when it happened. Indonesia was still under the Sukarno administration. The political situation and the general conditions of the country were strongly influenced by the Communist Party. Business was bad and the inflation rate moved at a gallop, not within years or months but within days.

Silk output set at two tons

Silk output set at two tons JAKARTA (JP): Indonesia expects to produce an average of two tons of silk thread per annum in the current Sixth Five Year Development Plan (Repelita VI) period, a senior Ministry of Forestry official said.

S'pore Tech in RI venture

S'pore Tech in RI venture SINGAPORE (Reuter): Singapore Technologies Automotive Ltd. (STA), the automotive arm of the Singapore Technologies group of companies, said it is taking a stake in a joint venture in Indonesia with PT Steady Safe, which is engaged in taxi and bus operations in Jakarta. The joint venture company will engage in the refurbishing, maintenance and repairs of taxi and buses, particularly those belonging to Steady Safe.

New overpasses and underpasses opened

New overpasses and underpasses opened JAKARTA (JP): Governor Suryadi Soedirdja officially opened yesterday five new overpasses and two underpasses for use in the city. The five overpasses are located on Jl. Sudirman and Jl. Pramuka, and in Senen, Buaran and Kampung Melayu, while the two underpasses are in Dukuh Atas and on Jl. D.I. Panjaitan. The Rp 86.9 billion (US$39.5 million) projects were funded by the city budget, state budget, foreign loans and funds from several private companies.

Probe into detention camp deaths urged

Probe into detention camp deaths urged SEMENYIH, Malaysia (AFP): Malaysia's opposition leader yesterday demanded an inquiry into more than 40 deaths at a detention camp housing mainly Bangladeshi and Indonesian illegal immigrants. Saying conditions were "not ideal," Lim Kit Siang charged that the deaths in recent months -- from tropical diseases stemming from malnutrition -- could have been prevented with proper medical treatment.

Alatas explains execution reports to Dutch guests

Alatas explains execution reports to Dutch guests JAKARTA (JP): Minister of Foreign Affairs Ali Alatas explained to Dutch officials yesterday the situation facing two Indonesian political prisoners. "What was said by Pak (Mr.) Oetojo Oesman was just a general explanation and I have conveyed this to the Dutch side," Alatas told journalists.

Subiakto responds to Agriculture Ministry

Subiakto responds to Agriculture Ministry JAKARTA (JP): Minister of Cooperatives and Small Enterprises Subiakto Tjakrawerdaya, in defending the clove trade monopoly, expressed his doubts with the accuracy of the Ministry of Agriculture's data on clove production and stocks. "What are the bases of their calculations? Has the ministry (of agriculture) been counting the trees one by one? To tell you the truth, I think the data are unreliable," he was quoted by Antara as saying.

HK launches tourism campaign

HK launches tourism campaign JAKARTA (JP): Hong Kong is launching a series of tourism "road shows" around Southeast Asia to encourage visitors to the territory. "People in the region are getting wealthier. They are traveling further, to Europe, America or other far destinations in spending their holidays," the marketing director of the Hong Kong Tourist Association (HKTA), Kenneth W. Hayden Sadler, said here yesterday.

Moral movements can have great political impacts

Moral movements can have great political impacts JAKARTA (JP): Controversial Moslem scholar Abdurrahman Wahid told students yesterday that activism in the name of ethical issues is often more effective than political activities. To comfort students complaining about the inferiority of "moral movements" to "political movements", Abdurrahman said student movements for democracy or against corruption, for example, often have a greater impact than they realize.

Workers died in Tasikmalaya fire

Workers died in Tasikmalaya fire TASIKMALAYA, West Java: Two workers were killed trying to salvage their employer's property when a four-story department store burnt down in the Tasikmalaya township on Monday night. The outlet of the Matahari department store chain and four cinemas in the Asoka Plaza were razed by the fire, which began at about 10:30 p.m. Witnesses said the fire, which was finally put out at approximately 5 a.m.

Demonstrators protest Golkar's illicit campaign

Demonstrators protest Golkar's illicit campaign JAKARTA (JP): Around 100 people staged a demonstration at the House of Representatives yesterday, demanding that the existing five laws on political activities be revoked and the ruling Golkar's illicit campaigns stopped.

Mayora to split stocks

Mayora to split stocks JAKARTA (JP): PT Mayora Indah, a publicly listed food processing company, will split its shares to improve the liquidity of its trading on local exchanges, an executive said. The company's director of finance, Hermawan Lesmana, said yesterday that the stock split will cut the prices of the shares to Rp 500 (22 U.S. cents) each from Rp 1,000 at present. He said the stock split plan was approved by shareholders in an extra-ordinary meeting yesterday.

TV today

TV today TVRI 2:30 p.m. TV Series: Bottons and Rusty 3:05 Culture Program 3:30 TV Series: Harapan Nan Sirna 4:30 University 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: Pertiwi 8:05 Culture Program 9:00 World News 9:30 Film: The Legend Of Sea Wolf 10:55 Late News 11:05 Sports Program 2 4:30 p.m.

Small businesses to get collateral-free loans

Small businesses to get collateral-free loans JAKARTA (JP): The government is formulating a regulation which will allow small businesses to obtain bank loans of up to Rp 50 million (US$22,000) without collateral, Minister of Finance Mar'ie Muhammad said recently. During a meeting with small-scale entrepreneurs at the 1995 Indonesian Product Exhibition here on Tuesday evening, the minister said that the drafting of the ruling is expected to be completed within the next two months.

Beatrix begins eight-day six-province tour

Beatrix begins eight-day six-province tour JAKARTA (JP): Dutch Queen Beatrix met with President Soeharto yesterday to bid him farewell, before departing for the next leg of her visit, which will take her to six provinces in eight days. In an informal meeting at the Merdeka Palace, Beatrix, accompanied by her husband Prince Claus and Crown Prince William Alexander, complimented the President on the tremendous success of Indonesia's development and wished Soeharto further success in the future.

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.

Professional diplomats

Professional diplomats The Minister of Foreign Affairs has called on Indonesian diplomats to be more proactive, not merely reactive or silent while executing their duties. Giving an example, the foreign minister said that whenever unfavorable reports are published about East Timor or Indonesia, our diplomats should not just report the cases to their superiors, but respond straightaway to counter the attack.

China's nuclear test protested

China's nuclear test protested JAKARTA (JP): Some 30 students wearing masks and goggles staged a demonstration outside the Chinese embassy yesterday, calling on Beijing to halt nuclear testing and abandon attempts of regional domination. "We strongly protest against the nuclear weapons test at Lop Nor and anywhere else in the world," Nia Sjarifudin, coordinator of the Indonesian Anti-Nuclear Society, said during the protest.