Indonesian Political, Business & Finance News

Archive: 15 September 1995

44 articles found

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Sept. 14, 1995: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 1,850 -100 4,000 AHAP Insurance 3,250 0 0 Alumindo Perkasa 1,100 0 0 Andayani Megah 1,850 0 310,000 Aneka Kimia Raya 6,500 50 5,000 Anwar Sierad 1,275 0 7,000 Aqua Golden Mississippi 2,400 0 0 Argha Karya Prima Industry 1,750 25 208,500 Argo Pantes 2,500 0 0 Asiana IMI Indusrties 1,000 -50 1,500...

Omega will be official sponsor of Asian PGA

Omega will be official sponsor of Asian PGA KUALA LUMPUR (Agencies): Swiss watch-manufacturing giant Omega will become the official sponsor of the inaugural Asian PGA Tour in a deal said to be worth several million dollars, the regional golfing body said yesterday. The sponsorship agreement, the biggest in Asian golf outside Japan, means the Asian PGA's tour will now be known as the Omega Tour.

Dili riots stem from social injustices: Bishop

Dili riots stem from social injustices: Bishop JAKARTA (JP): East Timor Bishop Carlos Filipe Ximenes Belo says last week's flurry of religious and ethnic violence were only the tip of the iceberg and that the locals' frustrations stem from numerous social injustices.

National discipline drive

National discipline drive From Suara Pembaruan The national discipline movement has been going on for quite some time. But we still witness regulations being violated regularly. For example, many drivers do not pay attention to traffic signs. They only take traffic discipline seriously when the police are around. Some even ignore traffic regulations altogether, thinking that the police can be bought. This is evident at Jl. Mangga Besar and Jl.

TV today

TV today TVRI 2:35 p.m. TV Series: Good Vibration 3:05 Langka & Unik 3:30 Science Program 4:05 Student Quiz: Cerdas Cermat 4:30 Drama 5:00 Regional News 5:30 Cultural Program 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 You Should Know 7:00 Evening News 7:30 Dinamika 8:05 Music: Bintang Nusantara 9:00 World News 9:30 Music: Nada dan Irama 10:30 Film 10:55 Late News 11:05 Film (continued) Program 2 4:30 p.m.

LSMs self-reliant?

LSMs self-reliant? It would not be an exaggeration to say that local LSMs (NGOs) in Indonesia are mushrooming. This is because many people are not satisfied with the results of rapid national development, which has brought unexpected problems. The problems are emerging at national, regional and especially village levels. People living in rural areas often become victim of development.

National Games costs organizers Rp 23.5b

National Games costs organizers Rp 23.5b JAKARTA (JP): The National Games (PON) next year will cost the organizers Rp 23.5 billion (US$10.68 million), nearly Rp 5 billion higher than the budget or the previous sporting meet in 1993. Secretary-General of the Games Organizing Committee Eddy Widodo said on Wednesday that the Jakarta authorities will provide Rp 11 billion, 47 percent of the total needed for PON. "The host city's contribution came from its annual budget," Eddy said.

Bangka residents take protest to DPR

Bangka residents take protest to DPR JAKARTA (JP): About 1,000 farm families on Bangka Island, southern Sumatra, are struggling to regain their land that they claim has been grabbed by a palm oil plantation company. They sent a delegate to the House of Representatives (DPR) yesterday to seek the legislator's help in regaining their 4,000 hectares of land currently controlled by PT Gunung Sawit Bina Lestari.

More blood donors needed

More blood donors needed From Pikiran Rakyat People are aware that accidents happen because of our own carelessness or others' negligence. In many accidents, loss of blood is inevitable. So the role of the Indonesian Red Cross is vital. Blood donors are mostly from the middle or lower classes. Therefore, I would like to call on those from the government as well as private institutions to donate blood to save lives. Students who are 18 years old and above can donate blood every three months.

State forestry firms reap Rp 207.2 billion in profits

State forestry firms reap Rp 207.2 billion in profits JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo announced yesterday that before-tax profits of state-owned forestry companies surged last year and are continuing to soar this year. Djamaludin said the before-tax profits of state-owned firms overseen by his ministry increased by 63 percent last year to Rp 207.2 billion (US$91.7 million), from Rp 130.36 billion in 1993.

Sumitomo to make tires

Sumitomo to make tires TOKYO (AFP): Japan's Sumitomo Rubber Industries Ltd. said yesterday it had established a joint venture with an Indonesian firm and two other Japanese companies to make and market tires and golf balls in Indonesia. Sumitomo Rubber will take a 55 percent stake in the venture -- PT Sumi Rubber Indonesia, capitalized at US$20 million -- while PT Indomobil Investment Corp. of Indonesia will take 30 percent, the major automobile tire manufacturer, said.

Wang will lead Chinese athletic team

Wang will lead Chinese athletic team BEIJING (AFP): Wang Junxia, one-time star of Ma Junren's army of runners, leads a Chinese team of 48 to next week's 11th Asian Athletics Championships in Jakarta. "We are going to try and prove we are still the best in Asia," said Chinese Athletics Association president Huang Zhi.

PDI House members visit Koja

PDI House members visit Koja JAKARTA (JP): Indonesian Democratic Party members of the House of Representatives said yesterday that they would help Koja Utara residents get appropriate compensation. The four PDI faction members, Sabam Sirait, BN Marbun, Marwan Adam and Sunaryo visited Koja Utara, where they asked the residents to be calm. "Our visit is to check the truth of the reports we received from various institutions handling the Koja Utara case.

Myanmar minister visits W. Java

Myanmar minister visits W. Java BANDUNG, West Java: Myanmar's Minister of Cattle Breeding and Farming Brig. Gen. Maung Maung paid a courtesy call on Vice Governor Sampurna here yesterday. Sampurna briefed Maung, who is on a three-day visit to the province, on the development of West Java, especially in the agricultural sector. Antara said the visit of the Myanmar minister is to strengthen relations between the two countries and to explore possible cooperation.

Sarwono wants better environmental reporting

Sarwono wants better environmental reporting JAKARTA (JP): State Minister of Environment Sarwono Kusumaatmadja yesterday called on Southeast Asian journalists to strengthen their reporting about the environment by going beyond simply looking at cases.

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.

Union wants Social Security Law enforced

Union wants Social Security Law enforced JAKARTA (JP): The All-Indonesia Workers' Union urged the government yesterday to enforce a 1992 law requiring companies to enroll their workers in a state-owned social security program, saying that firms have already had three years of grace. Union chairman Imam Sudarwo said he was appalled at the low rate of enrollment of workers in Jamsostek, the social security program managed by the state-owned insurance firm PT Astek.

U.S.'s Odyssey plans alliance in Indonesia

U.S.'s Odyssey plans alliance in Indonesia JAKARTA (JP): Odyssey Telecommunications International Inc., a satellite telecommunications company set up by TRW of the United States and Teleglobe of Canada, is seeking a partner in Indonesia with which to operate a global telecommunications system. Odyssey's director, Peter D.

Platform for Action supports press freedom

Platform for Action supports press freedom BEIJING (JP): Women journalists are hopeful that the Platform for Action to be adopted by the United Nations' Fourth World Conference on Women today will help them in their efforts to achieve and preserve freedom of expression.

New firm to produce peroxides

New firm to produce peroxides JAKARTA (JP): Sinar Mas Group, through its holding company PT Sinar Mas Tunggal, has established a new joint venture company with NOF Corporation and Marubeni Corporation, both of Japan, for the production and sale of organic peroxides in Indonesia.

Stone throwing at train

Stone throwing at train From Kompas Riders beware. As the train passes from Pasar Minggu station to Lenteng Agung, South Jakarta, high school students tend to throw stones, usually between 5 and 6 p.m. Once I witnessed lady get badly hit, causing her to bleed badly. My question now is: Who is responsible for this act? The police, the railway company, the school, the parents? Regardless, the most important thing is how to anticipate such an incident to prevent it from recurring.

APEC blueprint nearly finished

APEC blueprint nearly finished HONG KONG (AFP): Senior officials from the 18 APEC economies ended three days of meetings here after completing "80 percent" of the work on a blueprint for an Asia-Pacific free trade zone by 2020. But there was reason to believe that major problems still had to be overcome before a final "action agenda" can be put before foreign and economic ministers of the Asia-Pacific Economic Cooperation (APEC) forum in Osaka in November.

Arief criticizes 'political patronage' system

Arief criticizes 'political patronage' system SEMARANG (JP): Academic Arief Budiman questions the inappropriateness of Indonesia's political system which appoints the Ministry of Home Affairs as patron of all political organizations. "It sounds absurd. (Minister) Yogie is a Golkar (the ruling party) man, how can he be the political patron of other parties, the PDI and PPP?" Arief queried in a long distance phone interview from Australia yesterday.

Public phones out of order

Public phones out of order PALEMBANG, South Sumatra: Most public coin phones in Palembang are broken from rough handling and vandalism, a local official said yesterday. HZ. Hasugian, the spokesman for the province's telecommunications office, told Antara yesterday that almost all of the 650 public phones are out of order. Last month three units were stolen and one irreparably broken, bringing the total damage to an estimated Rp 8.3 million (US$ 3,690).

Consensus unlikely as Beijing talks wind up

Consensus unlikely as Beijing talks wind up By Santi WE Soekanto BEIJING (JP): Despite repeated expressions of optimism from officials, the United Nations' Fourth World Conference on Women looks set to conclude today without consensus on its two major documents, the Platform for Action and the Beijing Declaration.

Indonesia seeks fuel oil

Indonesia seeks fuel oil SINGAPORE (Reuter): Indonesia will seek an extra 200,000 barrels of 180 centistoke fuel oil to cover any shortfall during a shutdown of a visbreaker at the Cilacap refinery, a source with national oil firm Pertamina said. The 52,000 barrel per day (bpd) visbreaker will be shut for one week from Sept.17 because of leakage in the unit, a Pertamina processing department official said on Wednesday.

Easier tax for borrowers

Easier tax for borrowers JAKARTA (JP): Director General of Taxation Fuad Bawazier suggested yesterday that Bank Indonesia, the central bank, raise the amount of bank credits that can be obtained by borrowers without having to produce taxpayer registration numbers from Rp 30 million to Rp 50 million.

Longing for a change

Longing for a change From Sinar In anticipation of the 1998 general session of the People's Consultative Assembly, I tried to monitor the people's opinions. The result was quite interesting, most of the community aspired for a change in various sectors.

Top shuttlers clear hiccups for second wins

Top shuttlers clear hiccups for second wins JAKARTA (JP): Indonesian men's shuttlers received another scare en route to scoring their second successive wins in the World Cup badminton championships here yesterday. Top seed Ardy B. Wiranata and Joko Suprianto both made a late comeback to defy tough challenges from their European rivals. Ardy scraped to a 14-15, 15-6, 15-12 win over Jens Olsson of Sweden, while Joko struggled to beat Jeroen van Dijk of the Netherlands 11-15, 15-5, 15-4.

Signs visible for Spratly solution

Signs visible for Spratly solution By Eichi Furukawa JAKARTA (JP): The Spratly Islands issue is regularly mentioned by the press. They are always described as "oil rich" and hence the six surrounding countries are wrangling for territorial rights over the islands. China is describes as having expansionist ambitions and is seeking to establish its hegemony in the South China Sea. According to Ryo Kambara, senior specialist of the Japan Institute of Energy Economics, however, all this is not true.

Port management, customs office to boost services

Port management, customs office to boost services JAKARTA (JP): PT Pelabuhan Indonesia II, the state-owned firm which manages the Tanjung Priok port and the Directorate General of Customs and Excise yesterday assured importers that they would continue improving services at the harbor.

Rice prices may rise by 1.2-1.8% each month

Rice prices may rise by 1.2-1.8% each month JAKARTA (JP): Head of the National Logistics Agency (Bulog), Beddu Amang, said yesterday that rice prices are likely to climb by between 1.2 and 1.8 percent each month from now until February in anticipation of the end of the harvest months and the beginning of the planting season. Beddu assured consumers, however, that the cumulative increase in rice prices would not exceed this year's inflation rate, which is projected to be nine percent.

900 hotel workers given paid leave during renovation

900 hotel workers given paid leave during renovation JAKARTA (JP): As many as 900 out of 1,300 employees working at the Hotel Borobudur Inter-Continental will be sent home with paid leave during the hotel's 14-month renovation program which will take effect on Oct. 16. Jusuf L.

UI adult program has a lot of weaknesses: Dean

UI adult program has a lot of weaknesses: Dean JAKARTA (JP) : Dean of the University of Indonesia's School of Social and Political Sciences M. Budhyatna admitted yesterday that the adult education program, opened by his school this year, has a lot of weaknesses. "I'm not making any excuses. I admit the program has weaknesses," he said.

Compensation for crash victims

Compensation for crash victims JAKARTA (JP): The state-owned insurance company PT Astek has paid a total of Rp 531 million (US$231,574) in compensation for seven Bouraq Indonesia Airlines workers killed in plane crash in Irian Jaya early last month. The compensation was handed over to the victims' families by Astek's director of services, Soekarna, in a ceremony attended by Bouraq's President A. Sumendap at the Bouraq Headquarters yesterday.

'Don't be too optimistic about RI-Australia ties'

'Don't be too optimistic about RI-Australia ties' JAKARTA (JP): Despite the seemingly sturdy foundation of ties between Jakarta and Canberra, a political analyst warns against over confidence about establishing a ripple-free relationship. Hilman Adil, of the Indonesian Institute of Sciences, said yesterday that although ties are solid, Canberra's foreign policy stance is often subjected to critical scrutiny by its people and media.

City transit system needs breakthrough

City transit system needs breakthrough JAKARTA (JP): A transportation expert of Trisakti University urged the city administration yesterday to adopt a clear-cut megapolitan strategy on transportation and urban development to help solve problems of the chronic congestion in the city. F.

Irian tribe joins family planning

Irian tribe joins family planning WAMENA, Irian Jaya: Despite low education levels, villagers of the Baliem Valley, Jayawijaya regency, are eagerly participating in the government-sponsored family planning programs. Husin Ekawaluya, the local spokesman for the National Coordinating Agency for Family Planning, told Antara in Wamena that the villagers prefer injections to condoms and pills.

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 Angklung and Kolintang music entertainment, Wednesday. Notte Italiana music by Capo Dastro, Thursday. Club Tabuh - An Evening of Jazz, Saturday. Beach Area - Pesta Laut, Sunday. * Sheraton Lagoon Nusa Dua Beach: Poolside Terrace - Frog Dance Cultural Show, Wednesday.Janger Cultural Performance, Friday.

Nine nations discuss 'Education for All'

Nine nations discuss 'Education for All' JAKARTA (JP): Education ministers and experts from nine of the world's most populous nations began a meeting in Indonesia yesterday to hammer out the concept of "Education For All" as a way of eradicating illiteracy. President Soeharto gave the keynote address at the three-day meeting, which was opened at the State Palace in Jakarta and which was also attended by UNESCO Director General Federico Mayor.

Mayoralty sued in land dispute

Mayoralty sued in land dispute JAKARTA (JP): A 57-year-old woman is suing the South Jakarta mayoralty for the return of a piece of land she says was unlawfully confiscated from her, together with Rp 1.3 billion (US$590,909) in compensation. The woman, Aminah Ismail Goyo, told the South Jakarta District Court yesterday that the 4,300-square-meter plot of land, now being occupied by the mayoralty, is part of her property.

Gambling rife in Palu

Gambling rife in Palu PALU, Central Sulawesi : Head of the Central Sulawesi branch of the United Development Party H.M. Nawir expressed his disappointment yesterday with the local government's failure to eradicate gambling. "The party has strongly urged the government to get rid of gambling because it is forbidden by religion," he said. He said that the Moslem-based party has found gambling activities reaching an alarming level in the capital.

Survey confirms value of condoms in AIDS prevention

Survey confirms value of condoms in AIDS prevention DEPOK, West Java (JP): Religious leaders in Indonesia may abhor the campaign to promote condom usage, but a recent survey in Thailand found that it has effectively cut the rapid spread of the Acquired Immune Deficiency Syndrome (AIDS). Nicholas J.

Villages to be submerged for reservoir

Villages to be submerged for reservoir BANJARNEGARA, Central Java (JP): Nine villages covering 950 hectares in three districts of Banjarnegara regency will be submerged next year to provide a reservoir for a hydro-electric power plant. Regent Nurachmad told The Jakarta Post yesterday that the Maung project started in 1981 but stopped two years later because of budget cutbacks as the government introduced belt-tightening measures.