Indonesian Political, Business & Finance News

Archive: 25 August 1995

52 articles found

Where to go in Bali:

Where to go in Bali: Music and entertainment * Nusa Dua Beach Hotel: Budaya Stage - Ramayana Buffet Dinner, Monday. Legong Buffet Dinner, Friday. Poolside - BBQ Night with Hawaiian Band, Wednesday. Coffee Shop - Village Night with Frog Dance, Tuesday. Notte Italiana with Capo Dastro Quartet, Thursday. Indonesian Night with Joged Dance, Saturday. * Sheraton Lagoon Nusa Dua Beach: Poolside Terrace - Frog Dance Cultural Show, Wednesday.Janger Cultural Performance, Friday.

Discussion on nationhood

Discussion on nationhood JAKARTA (JP): Minister of Transmigration Siswono Yudohusodo is scheduled to give the keynote speech at an open discussion under the theme of "Nationhood Perspective on Ongoing Development" held by Bina Swadaya Foundation on Tuesday. The theme was chosen under the consideration that national development should not only be improved but also continued, DE. Susapto, an executive of the foundation, said yesterday.

RI takeover boosts Singapore's Econ

RI takeover boosts Singapore's Econ SINGAPORE (Reuter): A takeover bid by Indonesian businessmen sent shares in a small Singapore construction company soaring yesterday, focusing attention on a recent surge of Jakarta investment into the island's stock market. Econ International Ltd shares rocketed almost 50 percent to an all-time high of Singapore $2.05 (US$1.46) after news that Indonesian-owned Yenville Pte Ltd had offered S$1.46 per share for the company on Wednesday evening.

Probe of alleged rights abuses in Timika begins

Probe of alleged rights abuses in Timika begins JAKARTA (JP): A three-member team from the National Commission on Human Rights has begun investigating alleged abuses of human rights in Timika, Irian Jaya. The team of Marzuki Darusman, Clementino Dos Reis Amaral and Soegiri has met with security officials, representatives of copper company PT Freeport Indonesia and members of the Amungme and Kamoro tribal communities.

Female workers still under suspicion: Lawyer

Female workers still under suspicion: Lawyer JAKARTA (JP): Indonesian workers in general are afraid to fight for their own interests, including to organize themselves, because they are treated with suspicion by the authorities, an activist said yesterday. "Workers still need to request permission to get together. They are suspected of jeopardizing stability," Nursyahbani Katjasungkana, who is also a lawyer, said.

Diplomats' quality could improve: Senior official

Diplomats' quality could improve: Senior official JAKARTA (JP): In response to an avalanche of criticism of Indonesia's foreign service, a senior foreign ministry official has defended the quality of Indonesian diplomats while conceding that the ministry's effectiveness has at times suffered because of inadequate coordination, consultation and communication. The foreign ministry's Secretary General, Abdul Irsan, expressed confidence in the abilities of the country's young diplomatic corps.

Texmaco set to become machine tools producer

Texmaco set to become machine tools producer JAKARTA (JP): While the monetary authorities worry about import growth exceeding export expansion, this trend is seen by Marimutu Sinivasan, Chairman of the Texmaco Group, as business opportunities. Sinivasan is especially excited about the opportunities offered by the US$12-13 billion Indonesia has to spend annually on capital goods imports.

Flag burnings not fatal to ties: Alatas

Flag burnings not fatal to ties: Alatas JAKARTA (JP): Minister of Foreign Affairs Ali Alatas is confident that the burnings of the Indonesian flag in Australia and a retaliatory incident here last week will not deal a fatal blow to relations between the two countries. After meeting with President Soeharto yesterday, Alatas said that the general state of relations with Australia would eventually return to normal. "There is an effect.

Mitsui to join RI project

Mitsui to join RI project TOKYO (AFP): Japan's general trading house Mitsui and Co. Ltd. will join an international consortium to be established soon to start digital cellular phone services in Indonesia, company officials said yesterday. The Nihon Keizai Shimbun business daily reported Mitsui was to sign an accord Thursday to form a joint venture firm called Excelcom, with Nynex Corp.

PT Inalum reaches full capacity of 225,000 tons

PT Inalum reaches full capacity of 225,000 tons JAKARTA (JP): The Indonesian-Japanese smelting company PT Indonesia Asahan Aluminum (Inalum) in North Sumatra is now producing at its full capacity of 225,000 tons per annum, an official said yesterday. "The power supply from our power station is not a problem anymore because of the stability of Lake Toba's water level," A.R. Soehoed, chairman of the Asahan Development Authority, told reporters after a meeting with President Soeharto here.

I like letters

I like letters Being a regular subscriber to The Jakarta Post, I quite enjoy browsing through the mixed bunch of readers letters that you publish. I have noticed that there are some readers whose letters appear in the column on a regular basis, for example Mr. Piero Ronci. This Mr. Ronci would write anything in the attempt (usually successful) to infuriate readers into responding. My assumptions were based on Mr.

People can help maintain order, security: Wiranto

People can help maintain order, security: Wiranto JAKARTA (JP): City Military chief Maj. Gen. Wiranto expressed satisfaction yesterday over the orderly conduct of the myriad of public activities held recently to mark the 50th anniversary of Indonesia's independence, saying it showed that the people can themselves play a role in maintaining order.

China meets South Korea in world volleyball GP

China meets South Korea in world volleyball GP JAKARTA (JP): Asian powerhouses China and South Korea will play their first match at Istora Senayan this evening, the inaugural match of the second leg of this year's US$2 million Women's World Volleyball Grand Prix. The second match, pitting world champion Cuba against Russia, is scheduled two hours later. The fixtures were made according to the recent ranking list, Sutardiono, who heads the organizing committee, announced yesterday.

Beatrix visits shipbuilding plant PT PAL

Beatrix visits shipbuilding plant PT PAL JAKARTA (JP): Queen Beatrix of the Netherlands visited the state-owned shipbuilding company PT PAL in Surabaya yesterday before ending her two-day visit to the East Java province. Beatrix, together with her husband Prince Claus and Crown Prince William Alexander, was received by State Minister of Research and Technology B.J. Habibie, who then informed her about the company's development.

Permadi case

Permadi case I have been following the Permadi case since April 17, 1995, when he surrendered to the police and was charged with blasphemy. In the Aug. 22, 1995 edition you reported that he is also being charged with regard to article 156a of the Criminal Code -- that he showed enmity and hatred against certain a religious community. There are many things which do not make much sense in this case. First of all, Permadi is a Moslem himself. Why should he want to defame his own religion?

Rebels attack southern RP

Rebels attack southern RP ZAMBOANGA, Philippines (AFP): Suspected Moslem guerrillas attacked a public market in this southern Philippine city yesterday, leaving two soldiers critically wounded, police said. A suspected member of the terrorist Abu Sayyaf group was arrested after five gunmen opened fire on an Army unit patrolling the packed public market here, district police chief Superintendent Demetrio Maylas said.

Plaza Senayan nears completion

Plaza Senayan nears completion JAKARTA (JP): Plaza Senayan, a new exclusive shopping complex being built at a cost of over US$100 million, is scheduled to open on Nov. 15 near Senayan stadium in Central Jakarta. The three-story Senayan shopping center is being constructed by a consortium of PT Aditya Wirabakti, a company co-owned by Hashim Djojohadikusumo and Titi Prabowo, Japan-based Kajima Overseas Pte. Ltd. and the Senayan Sport Center Management Board (BPGS).

Anglophobic?

Anglophobic? And again it appears the usual, boring, recurring attack against me if I'm so "impudent" to criticize something concerning English matters. Now we have a new entry: Mr. Roger Baker (The Jakarta Post, Aug. 19, 1995), with his "tongue in cheek" and his "between the lines. Nothing doing. Vic Mills' article (Aug. 4, 1995) was slanderous from its title up to its last word, especially "under the lines." Mr.

90 floats to join national parade on development

90 floats to join national parade on development JAKARTA (JP): Some 90 floats representing government institutions, state-owned companies, private firms and foundations are scheduled to take part in the national development parade on Sunday, an official said yesterday.

Thoughts along Jl. Sudirman (2)

Thoughts along Jl. Sudirman (2) By Sabam Siagian This is the second of two articles based on an introduction for the book on the late Gen. Soedirman, the Supreme Commander of the Indonesian National Army 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. CANBERRA: How striking that on Dec. 19, 1948, three years after Gen.

Indofood's profits soar

Indofood's profits soar JAKARTA (JP): Publicly-listed noodles manufacturer PT Indofood Sukses Makmur of the Salim Group announced yesterday a net income of Rp 126.6 billion (US$57.54 million) for the six months ended in June, representing an increase of 50.2 percent over the same period of last year.

Will APEC momentum last until Osaka?

Will APEC momentum last until Osaka? By Frank Flatters BANGKOK: Asia-Pacific Economic Cooperation, or APEC, has come a long way in less than a decade, and the process appears to be accelerating. The Blake Island meeting in 1993 brought most of the APEC leaders together for the first time. Last year's meeting in Bogor increased the momentum.

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.

Dossiers on Bintang case submitted to prosecutors

Dossiers on Bintang case submitted to prosecutors JAKARTA (JP): Police have completed their investigation on former legislator Sri Bintang Pamungkas, concerning his alleged critical remarks of President Soeharto in a seminar in Germany last April. They submitted the dossiers to the Jakarta High Prosecutor's Office so that they can proceed with legal prosecution. "We have finished with the dossiers and the material evidence. Now it's up to the court to handle his case," M.

'Rice imports set to be lower this year'

'Rice imports set to be lower this year' SINGAPORE (Reuter): Indonesia expects lower rice imports this year due to forecasts of a good domestic crop, a senior Agriculture Ministry official said yesterday. "We are successfully producing rice in the dry upland areas...there will be less demand for importation," Soetatwo Hadiwigeno, the ministry's secretary-general, told reporters at the ASEAN agriculture ministers' meeting in Singapore.

KLM's cargo information

KLM's cargo information JAKARTA (JP): KLM Cargo, the Dutch freight carrier, introduced yesterday a cargo information service which will allow agents in Indonesia electronic access to the company's Netherlands database. An executive of KLM Cargo's Jakarta office, Agnes C.S. Sutanto, told The Jakarta Post yesterday that the company has 30 agents in Jakarta, 20 in Bali and 10 in Surabaya, East Java.

TV today

TV today TVRI 2:35 p.m. TV Series: Kabuto 3:05 Langka & Unik 3:30 Science Program 4:05 Student Quiz: Cerdas Cermat 4:30 Culture Program 5:00 Regional News 5:30 World of Literature 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Karya Nyata 7:00 Evening News 7:30 Dinamika 8:05 Archipelago Stars 9:00 World News 9:30 TV series: Gapura 10:30 Music 10:55 Late News 11:05 Music(continued) Program 2 4:30 p.m.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Aug. 24, 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 0 31,500 Aneka Kimia Raya 6,500 -50 50,500 Anwar Sierad 1,300 -25 31,500 Aqua Golden Mississippi 2,500 -300 7,500 Argha Karya Prima Industry 1,875 0 16,500 Argo Pantes 2,500 0 0 Asiana IMI Indusrties 900 0 0 Aster...

Istiqlal Festival to begin next month

Istiqlal Festival to begin next month JAKARTA (JP): A number of provinces are preparing to take part in the upcoming one-month festival of Islamic art and culture at the Istiqlal mosque here. The event, called Festival Istiqlal, will be held from Sept. 23 to Oct. 23 in connection with the recent celebration of the 50th anniversary of Indonesia's independence. Among the provincial contingents which have confirmed their participation is one from Central Kalimantan, home to the Dayak people.

BI rejects devaluation rumors

BI rejects devaluation rumors JAKARTA (JP): Bank Indonesia's Governor J. Soedradjad Djiwandono rejected yesterday rumors of a devaluation and a free- float of the rupiah against the U.S. dollar. "The banking and financial sector has always been prone to rumors and I cannot confirm things like that," he said at a press conference. AFP reported from Singapore yesterday that the rupiah still came under pressure in trading in the island republic after sinking to a historic low against the U.S.

Amoco to build PTA plant

Amoco to build PTA plant KUALA LUMPUR (AFP): U.S.-based Amoco Corp is investing 1.2 billion ringgit (US$480 million) to build its biggest purified terephthalic acid (PTA) plant to manufacture the raw material for polyester here, a report said yesterday. Amoco Chemical (M) Sdn. Bhd., the local wholly-owned unit of Amoco, said the plant would form the petrochemical giant's international base for PTA production.

RI eyes 2nd place in HK chess tourney

RI eyes 2nd place in HK chess tourney JAKARTA (JP): A step up. That is the target of an Utut-led Indonesian team at the Asia-Pacific Intercity Club Chess Tournament in Hong Kong starting today. "This time we should at least be able to finish second," Indonesia's number one chess player, Utut Adianto, told a press conference on Wednesday. Second to none is, of course, everyone's ultimate wish.

Garuda Indonesia launches Singapore tour package

Garuda Indonesia launches Singapore tour package JAKARTA (JP): The country's flag carrier, Garuda Indonesia, launched here yesterday another tour package to increase the load factor on its international routes. After launching tour packages to Hong Kong and Perth in April and to Australia last week, Garuda introduced a Singapore tour package to lure more Indonesians. Garuda's general manager for Jakarta, Iwan H. Susilo, said that the new package, valid from Aug.

REI to expel housing developers cheating buyers

REI to expel housing developers cheating buyers BEKASI (JP): The Association of Indonesian Realtors (REI) will oust and publicly announce any developers and their management staff who have been proved to have cheated consumers, the Association's chairman Enggartiasto Lukito said yesterday.

ASEAN meet to liberalize farm trade, boost supplies

ASEAN meet to liberalize farm trade, boost supplies SINGAPORE (Reuter): ASEAN agriculture ministers opened talks here yesterday to include farm products in the region's free trade plan and design ways to ensure a stable food supply for the region's 500 million people. Delegates said the ministers would push for minimal tariffs for at least 60 percent for the commodities traded in the region from 1996 but keep out those so-called sensitive ones such as rice, sugar and coconut oil.

Credits without collateral

Credits without collateral Finance Minister Mari'e Muhammad has disclosed part of a government plan to extend credits without the requirement of physical collateral for small businesses. The credits, to be referred to as Kredit Kelayakan Usaha (Business Viability Credits), will carry a ceiling of Rp 50 million and require only a certificate of viability as collateral. During the first phase, the credits will be extended by state-owned banks.

Two Moroccans missing in Irian

Two Moroccans missing in Irian MERAUKE, Irian Jaya: Two tourists from Morocco who were visiting the Merauke regency have been missing since June. The head of the Merauke Immigration Office, Armili, said yesterday that Ouahi Rachid, 25, and Ouahi Said, 32, arrived in Merauke on June 5 from Jayapura and checked into the Nikmat Hotel. On June 28 they left the hotel, taking the key with them without notifying the hotel employees of their destination.

Protesters reject govt intervention

Protesters reject govt intervention SEMARANG, Central Java: About 100 students from various provinces demonstrated yesterday against government-sponsored Student Senates in their universities. They demanded that the senate be abolished and students be allowed to revive the once powerful Student Council, which is free from external intervention.

Dell to increase sales

Dell to increase sales JAKARTA (JP): The Dell Computer Corporation of the United States plans to increase its computer sales in Indonesia to 300,000 units by the end of this year, as compared with 240,000 units last year, a senior executive said yesterday. "By that time, Dell will gain a 7.5 percent to 10 percent share of the Indonesian computer market," Dell's South Asia managing director, Andrew Hua, said.

Timorese resent flag burning

Timorese resent flag burning DILI, East Timor: Local figures expressed their anger yesterday at recent flag burning incidents involving supporters of independence for East Timor in Australia. "As an Indonesian citizen, I cannot accept it," said Antonio Freitas Parada, chief of the provincial legislative council.

RI defends its record on women's rights

RI defends its record on women's rights JAKARTA (JP): Indonesia is likely to face criticism at the world conference on women's rights in Beijing next month over its record on women's rights, according to a senior official. Sjamsiah Achmad, assistant to the State Minister for Women's Roles, said yesterday that Indonesia has often been accused of having a poor record on women's rights.

Rape suspects act out roles in reconstruction

Rape suspects act out roles in reconstruction JAKARTA (JP): Watched by dozens of press people, local prosecutors, police and military personnel, the reconstruction of last month's robbery and brutal rapes in Bekasi ran smoothly yesterday morning. "We can learn from here that all of the suspects played their own roles according to their earlier confessions," Bekasi police chief Lt. Col. Hari Pribadi told reporters after the two-and-a- half hour reconstruction.

Home sweet home?

Home sweet home? Some 200 people, claiming to represent 3000 prospective buyers, staged a noisy demonstration last Monday at a local police precinct in East Jakarta. Unfortunately, they failed to catch up with the director of a housing developer who was being detained there. Dissatisfied, the group went to the House of Representatives to lodge their complaint.

Centralindo to install 150,000 new phone lines

Centralindo to install 150,000 new phone lines JAKARTA (JP): PT Centralindo Panca Sakti, the cellular telecommunications firm operating in Central and East Java, plans to invest Rp 400 billion (US$176.6 million) to install some 150,000 new lines over the next five years. The company, which has already marketed 6,200 lines in East Java and 3,000 lines in Central Java, plans to install at least 25,000 lines by the end of this year.

Students introduced to marine life

Students introduced to marine life JAKARTA: Seventy students, who have been selected from various high schools in Jakarta, are taking part in a four-day training course organized by the Indonesian Institute of Sciences. The course, which opened at the institute's marine research headquarters at Ancol, North Jakarta, yesterday aims at providing basic knowledge on marine resources.

Constructive strategies vital to service trade

Constructive strategies vital to service trade JAKARTA (JP): Indonesia must start constructing strategies to meet the challenges and opportunities of free trade in services and to cope with the problems faced by developing countries, Minister of Finance Mar'ie Muhammad says.

KL interested in S. Africa weapons

KL interested in S. Africa weapons JOHANNESBURG (UPI): Malaysia is interested in buying South African weapons and is particularly impressed by the Rooivalk attack helicopter, visiting Malaysian Prime Minister Mahathir Mohamad said on Wednesday. "South Africa has a lot of original technology which we are interested in," Mahathir said in Cape Town after a meeting with South African Deputy President Thabo Mbeki.

'Collateral-free loans won't raise inflation'

'Collateral-free loans won't raise inflation' JAKARTA (JP): Minister of Finance Mar'ie Muhammad assured skeptics yesterday that the planned collateral-free loans of up to Rp 50 million (US$22,000) for small-scale businesses would not raise inflation. "The funds for the collateral-free loans will not be part of Bank Indonesia's subsidized loans and their interest rate will be the same as that on other commercial credits for small businesses," Mar'ie told reporters.

Foreign banks plan more loans to RI

Foreign banks plan more loans to RI SINGAPORE (JP): Foreign banks plan more commercial loans to Indonesia to tap the country's lending market. Ong Choon Hong of the Singapore branch of Japan's Daiwa Bank, said that his bank is ready to increase its lending portfolio to the Indonesian private sector, which is now being groomed to become a dominant player in the country's economy.

Office boy gets 20 months in jail

Office boy gets 20 months in jail JAKARTA (JP): An office boy was sentenced yesterday to 20 months imprisonment, after the Central Jakarta District Court found him guilty of helping distribute a magazine that allegedly incited public hatred of the government.

1,322 graves to be removed

1,322 graves to be removed JAKARTA (JP): City authorities will relocate 1,322 graves from the Karet Bivak public cemetery in Central Jakarta beginning next month to make way for the construction of public facilities.

Dynamic development in local television industry

Dynamic development in local television industry By Marselli Sumarno JAKARTA (JP): The emergence of five private televisions in Indonesia over the past six years has triggered an explosion in local TV production houses and commercials. There is brisk competition to win the hearts of TV viewers in commercials. Fortunately the stations do not have to vie with government- owned station TVRI, which celebrated its 33th anniversary yesterday (Aug. 24), for commercial accounts.