Indonesian Political, Business & Finance News

Archive: 4 September 1995

44 articles found

Inviting public debate

Inviting public debate The chairman of the national development planning board (Bappenas) has invited a number of experts from various disciplines -- mostly economists -- to provide input on the desired role and format of our national planning efforts in the face of developments both domestically and abroad. He mentioned the proportion and the role of the government and the private sector in the economy.

Bapepam fines 5 firms for belated reports

Bapepam fines 5 firms for belated reports JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) fined five companies a total of Rp 151.1 million (US$67,045) for their belated reports on their deals of Bank Papan Sejahtera shares on the Jakarta and Surabaya Stock Exchanges. Press reports quoted Secretary of Bapepam M.

Detrimental to many, not most

Detrimental to many, not most This is in response to Ms. Melody Kemp's letter (The Jakarta Post, Aug. 29, 1995). My reference to communism had nothing to do with the elected East Timor government of the time.

Koja Utara dispute is settled: Mayor

Koja Utara dispute is settled: Mayor JAKARTA (JP): Despite the opposition of some residents, North Jakarta Mayor Suprawito insists that the appropriation of the land for the Koja Utara cargo terminal project has been settled and is in accordance with the plans. According to Suprawito the problems arose when construction of the project was to be started and the remaining residents refused to accept the compensation rate set by the mayoralty.

Microsoft Office '95: The usability war rages on

Microsoft Office '95: The usability war rages on By Zatni Arbi JAKARTA (JP): The dust has not really settled yet, but in the wake of the much-publicized launch of Windows 95 over the past two weeks or so, we've already seen a lot of activity at software houses around the world, particularly in North America. The people at Novell-WordPerfect and Lotus, among others, definitely have a lot of homework to do.

Share prices close mixed on Jakarta Stock Exchange

Share prices close mixed on Jakarta Stock Exchange JAKARTA (JP): Share prices on the Jakarta Stock Exchange (JSX) closed mixed across the board, amid highly unpredictable market sentiment. The JSX composite index closed the week with only a slight rise of 1.41 points, or 0.3 percent, from the week's opening of 502.00. The market was on a roller-coaster ride last week, with the index reaching a high of 506.91 in the middle of the week, before easing back to the 500 level by the end of the week.

Indonesia secures 20 satellite slots

Indonesia secures 20 satellite slots JAKARTA (JP): Indonesia's satellite business has shown significant growth since its establishment in 1976. The country has thus far secured a total of 20 slots for its satellites in International Telecommunications Union (ITU) orbits. Minister of Tourism, Post and Telecommunications Joop Ave said that Indonesia has conducted slot coordination with several countries, including Russia, which will place their satellites along with Indonesia.

Kanematsu, Maspion tie up

Kanematsu, Maspion tie up TOKYO (AFP): Japanese trading house Kanematsu Corp. is to enter a stainless steel production venture with Indonesia's Maspion Group, due to begin operations in July 1997, Kanematsu officials said. The new venture, PT Maspion Stainless Steel Indonesia, is to be capitalized at US$48 million, with Kanematsu holding a 12.5 percent stake and the Indonesian partner holding the remaining 87.5 percent, the officials said.

Exiled rebels want to return

Exiled rebels want to return JAYAPURA, Irian Jaya: A number of leaders of a separatist movement in Irian Jaya living in exile in Papua New Guinea have written to Indonesian authorities asking that they be allowed to return to their home town. One is Nico Hipoko, a secretary to the defense minister of the Free Papua Movement (OPM), said David Mahulette, an official of the Indonesian consulate office in Vanimo, a town just inside the Papua New Guinea border.

Old call, new caller

Old call, new caller Almost a week after Speaker of the House of Representatives (DPR) Wahono called on law makers to do some serious soul- searching to evaluate their own performances, reactions are still coming from various circles. Wahono's predecessors, especially Mohammad Kharis Suhud, from whom the current speaker took over the job, have made the same call, but the way Wahono made his statement sounded more relevant and more impressive.

Suu Kyi concerned with inflation, education

Suu Kyi concerned with inflation, education TOKYO (AFP): Myanmarese opposition leader Aung San Suu Kyi has expressed concern over rising inflation and worsening standard of medical treatment and education in her country, the Mainichi Shimbun said yesterday. In an interview with the newspaper in Yangon, Aung San Suu Kyi was quoted as saying that inflation was the most pressing issue in her country.

Garuda to revamp international routes

Garuda to revamp international routes JAKARTA (JP): Garuda Indonesia announced plans over the weekend to revamp its fleet and make major route changes, especially in serving Europe, in a bid to enhance its competitive edge. Garuda announced on Saturday that the plan is meant to improve the airline's services, reduce the number of stopovers and shorten the block time between one destination and another. The plan is expected to improve cost-efficiency as well.

Mayor urged to get tough against illegal builders

Mayor urged to get tough against illegal builders JAKARTA (JP): A City Council member has urged South Jakarta Mayor Pardjoko to take consistently harsh measures against residents constructing business structures on land earmarked for residential sites. Saud Rahman, a councilor of Commission D in charge of development affairs, said over the weekend the mayor must stop the residents from continuing their business activities on Jl. Kemang Raya, Jl. Bangka and Jl. Ampera.

Big insurance money for Olympic stars

Big insurance money for Olympic stars JAKARTA (JP): The National Sports Council plans to award Rp 1 billion (US$454,500) worth of insurance to each Indonesian athlete who wins a gold medal at the 1996 Olympic Games in Atlanta. Spokesman of the council, Ishadi, said over the weekend that KONI has made the proposal to five of the nation's biggest insurance companies, which will bid to be the official insurance company for the national Olympic team.

1.6m await cataract operations

1.6m await cataract operations JAKARTA (JP): Some 1.6 million cataract patients in Indonesia cannot have operations because they do not have the money, Minister of Health Sujudi said. And the list is getting longer each year, Sujudi told reporters after opening the 8th International Cataract Conference in Denpasar, Bali, on Friday night. He pointed out that Indonesia receives 250,000 new cataract patients each year. On average only about 50,000 of them can afford the operations, Antara reported.

Icicle storms destroy plantations in Dieng

Icicle storms destroy plantations in Dieng DIENG, Central Java (JP): Icicle storms have been pummeling this scenic mountain resort bordering Banjarnegara and Wonosobo over the past few days, destroying over 125 hectares of potato plantations worth approximately Rp 87.5 million (US$40,000). The storms, which caused temperatures on the plateau to drop to as low as one degree Celsius at night, also caused damage to other crops, Banjarnegara regent Nurachmad said Saturday.

Putting houses in order

Putting houses in order SEMARANG, Central Java: The city administration next year plans to start coordinating the way houses are numbered on its streets. Presently, it is common find the houses numbered out of order, causing much confusion, especially for outsiders. The chief of the municipality's urban affairs, Slamet Riyadi, told Antara that very often several buildings have the same numbers on the same street. (03)

Border crossing investment

Border crossing investment JAKARTA (JP): A former minister suggested Saturday that Indonesia open its border areas to investors from adjacent countries in order to prepare itself for regional trade liberalization by the year 2003.

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.

Meat consumption in N. Jakarta

Meat consumption in N. Jakarta JAKARTA (JP): The quantity of beef, buffalo and chicken consumed by approximately 1.12 million residents in North Jakarta reaches about 30 tons per day, while the consumption of pork amounts to seven tons. Head of North Jakarta Livestock Husbandry Suwito told Antara over the weekend that the supply to meet the demand for meat in the mayoralty comes from other regions in Java and outer islands.

Social ethics will affect economy: Mar'ie

Social ethics will affect economy: Mar'ie BANDUNG (JP): Minister of Finance Mar'ie Muhammad, departing from his usual area of expertise, stressed over the weekend that high ethical standards can strongly influence the efficiency of an economy. Mar'ie told a gathering with the faculty members of the Bandung Institute of Technology that discussions about efficiency usually deal with economic factors, science and technology.

Karet cemetery to get $1.18m facelift

Karet cemetery to get $1.18m facelift JAKARTA (JP): The refurbishment of the Karet Bivak public cemetery in Central Jakarta, scheduled to start next year, is projected to cost about Rp 2.6 billion (US$1.18 million). Sjafril Zainuddin, head of the City Funeral Agency, told reporters over the weekend that the project will include the construction of a park in front of the cemetery's main entrance and a parking lot.

RI Embassy and professionalism

RI Embassy and professionalism Referring to Masli Arman's letter (The Jakarta Post, Aug. 31, 1995) on the lack of professionalism and the diffidence in the staff members of the Indonesian Embassy and the tendency to isolate themselves by mixing only with Indonesians during the 1950s in Australia, that similar mediocre performance is taking place in the 1990s.

Conference on APEC declaration

Conference on APEC declaration JAKARTA (JP): The city administration, in cooperation with the International Union of Local Authorities-Asian Pacific Section (IULA-ASPAC), will hold an international conference on the role of the local administration in implementing the APEC declaration at Horison Hotel from Sept. 25 to 28.

Former minister warn of rising materialsm

Former minister warn of rising materialsm JAKARTA (JP): Religions will now have to contend with the growing impacts of materialism being brought on by globalization, an expert said over the weekend. Emil Salim, a former state minister for population and environment, said that the challenge is not conflict between religious groups but the dangers of materialism. "Even Pope John Paul and Moslem leaders are worried about materialism dominating society," he said.

Jakarta beats Aceh 12-1 in junior soccer

Jakarta beats Aceh 12-1 in junior soccer JAKARTA (JP): A soccer comedy was staged in the National Under-15 soccer championship in Surabaya, East Java, as Jakarta destroyed the seven-man Aceh team 12-1 on Saturday. Aceh, last year's runner-up, deployed all its substitutes during the championship's most lopsided match, following a strike initiated by the starting players on Friday. Aceh crashed to host East Java 0-3.

More roads for Baliem valley

More roads for Baliem valley JAYAPURA, Irian Jaya: The regency will require Rp 28 billion (US$12.3 million) for the construction of roads in the Baliem valley to open the area to the outside world, a local legislator says. "The only way to free the Irianese living in the Jayapura regency hinterland from isolation is by constructing as many roads as possible," Chairman of the Jayawijaya regency legislative council Budiman Kogoya was quoted by Antara as saying over the weekend.

Italy supports RI's plan for peace in Bosnia

Italy supports RI's plan for peace in Bosnia JAKARTA (JP): Italian Foreign Minister Susanna Agnelli said on Saturday that her country will support Indonesia's plan to facilitate a peace conference on the former Yugoslavia. "Anybody who manages to get those people around the table and to come to some kind of peace negotiation I think is a very good idea," Agnelli said after meeting Indonesian Foreign Minister Ali Alatas at the end of her two-day stay here on Saturday.

Rebels surrender, turn over arms

Rebels surrender, turn over arms ZAMBOANGA, Philippines (AFP): Nine members of the extremist group Abu Sayyaf surrendered to Philippine Marines in the south, the region's army commander said yesterday. Maj. Gen. Ruperto Ambil said the nine surrendered on Saturday and turned over two rifles, a U.S.-made .45 caliber pistol, a revolver, some ammunition as well as 15 kilograms of sodium chloride and 15 blasting caps used to make bombs.

UK mission due here

UK mission due here JAKARTA (JP): A trade mission of the Thames Valley Chamber of Commerce and Industry of Britain is expected to arrive here today for a five-day visit. The British embassy said in a statement over the weekend that the visit will be the fourth to Indonesia by a mission from the chamber. The embassy said the mission's members will represent eight British companies.

Mrs. Sigit to acquire Asiamatrix

Mrs. Sigit to acquire Asiamatrix SINGAPORE (Reuter): Electronics company Asiamatrix said it had been informed that two of its major shareholders had agreed to sell an aggregate of 55.84 percent of the company's shares at S$1.10 each to a consortium led by Mrs.Ranawati Sigit Hardjojudanto of Indonesia.

Thousands attend mass

Thousands attend mass YOGYAKARTA: Some 50 thousand Catholics took part in a mass held at the Mandala Krida Stadium on Saturday in commemoration of Indonesia's 50th anniversary. The service opened with a drum band show by students from the Stella Duce High School and also a series of dances. The service was opened with a procession of missionaries, deacons and collectors. It was concluded with the mass led by the Semarang archbishop Yulius Kardinal Darmaatmadja.

Mayoralty to seal old warehouses

Mayoralty to seal old warehouses JAKARTA (JP): The West Jakarta authorities have sealed 34 out of the 53 old warehouses in the Kota downtown area due to the reluctance of their owners to relocate their storage sites. The sealed warehouses are located on Jl. Roa Malaka, Jl. Tiang Bendera, Jl. Pangeran Jayakarta and Jl. Pinangsia Raya. The sealing was done by officers of the West Jakarta public order and security office in a three-day operation.

Yogie wants closer ties with ulemas

Yogie wants closer ties with ulemas JAKARTA (JP): Minister of Home Affairs Moch. Yogie S.M. has called for greater understanding between the government on the one hand and the ulemas and leaders of other faiths on the other. The government and the ulemas must never be in conflict because the result could be fatal for the people, Yogie said at a congress held by Persatuan Islam (Persis), a socio-education Moslem organization.

Satelindo hits record sales

Satelindo hits record sales JAKARTA (JP): PT Satelindo, a major operator of global system for mobile (GSM) communications, announced over the weekend that its sales of hand phones in August reached a record high of 12,266 units. Adirahman Adiwoso, Satelindo's marketing director, announced here on Saturday that the sales were recorded in Jakarta, Surabaya and Bandung. "This is a sharp increase, considering that in July sales reached less than 5,000 units," he said.

New phone lines in East Jakarta

New phone lines in East Jakarta JAKARTA (JP): The East Jakarta office of the state-owned telecommunication company PT Telkom will be marketing 18,641 new telephone lines this month. Rizal Saat, head of the office, said the marketing will be conducted door-to-door under a program called Kerling '95 (Mobile Marketing).

TV today

TV today TVRI 2:35 p.m. TV Series: Voltron 3:05 Children's Program: Riang Ria 3:30 TV Series: The Crystal Maze 4:30 School Quiz: Cepat Tepat 5:00 Regional News 5:30 Technology 6:05 Nusantara the Beloved Country 6:15 Village Program 6:30 Religious Teachings: Hinduism 7:00 Evening News 7:30 TV Drama: Tembang Kota 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.

Australia and PNG relations bind despite some problems

Australia and PNG relations bind despite some problems Papua New Guinea's relationship with its former colonizer Australia suffers a 20-year itch. Kunda Dixit of Inter Press Service reports. PORT MORESBY: The ties between Australia and its former colony, Papua New Guinea, sometimes resemble the relationship between a mother kangaroo and her joey.

Jakarta hopes SPSI more representative

Jakarta hopes SPSI more representative JAKARTA (JP): Members of the Jakarta branch of the All Indonesia's Workers' Union (SPSI) hope the new form their organization is taking will make it more representative despite the still strong government influence. "We will be more professional in handling cases," Helmy Salim, who was recently elected chairman of the textile, leather and shoe sector for the federation, pledged.

State firms hampered by complex bureaucracy

State firms hampered by complex bureaucracy SEMARANG, Central Java (JP): State-owned enterprises will have difficulty facing free market competition due to sluggish performance caused by a complicated bureaucratic system, a prominent businessman said here Saturday. "Complicated bureaucracy affects the performance of state enterprises, particularly in making decisions," Tanri Abeng, the president of Bakrie Group, told a seminar on management's challenges in Indonesia in the era of globalization.

University of Indonesia sees 50% more freshmen

University of Indonesia sees 50% more freshmen JAKARTA (JP): The number of freshmen students at the University of Indonesia (UI) has increased by almost 50 percent this year, compared to last year, UI rector M.K. Tadjudin said. Tadjudin made the disclosure in a speech during a graduation and initiation ceremony on Saturday at the university campus in Depok, Bogor regency, south of Jakarta. The number of freshmen this year reaches 7,969 compared to 5,320 last year.

Government urged to aim for higher growth

Government urged to aim for higher growth JAKARTA (JP): The government needs to set higher economic growth targets for the current 25-year development program, to be ended in 2019, by involving small and medium enterprises as the prime growth movers. Joseph Manurung, S.

Panin Bank's profits up

Panin Bank's profits up JAKARTA (JP): Panin Bank, a publicly-listed private bank, announced on Saturday a 16.15 percent increase in its after-tax profit; to Rp 30.22 billion (US$13.49 million) in the first half of this year, as compared with Rp 26.02 billion during the same period of last year.

Philippines and Indonesia begin talks this week

Philippines and Indonesia begin talks this week MANILA (AFP): The Philippines and Indonesia are to hold bilateral talks this week to discuss issues ranging from trade, maritime boundaries to the recent developments in the South China Sea, official sources said here yesterday. The Filipino diplomatic sources, who asked not to be named, said the three-day discussions starting Wednesday would involve senior ministers from both countries.