Indonesian Political, Business & Finance News

Archive: 10 January 1996

44 articles found

Traffic gridlock: Jakarta's catastrophe

Traffic gridlock: Jakarta's catastrophe Jakarta's traffic problems are worsening. Yesterday, thousands of vehicles came to a standstill. One young executive took seven hours to cover a distance of 10 kilometers. Many people think it was caused by the floods. It was not. Jakarta's traffic congestion is a chronic condition. It is a portrait of distorted planning and civilization. The amount of the road networking does not accommodate the number of cars using it.

Surveyors must anticipate int'l competition

Surveyors must anticipate int'l competition JAKARTA (JP): Indonesian surveyor companies must start changing their working methods if they want to survive international competition, an executive of the Association of Indonesian Independent Surveyors (AISI) said yesterday.

Festival is not extravagant

Festival is not extravagant JAMBI, Jambi: Governor Abdurrahman Sayoeti said the millions of rupiah his administration is spending on cultural festivals is money well spent because it will promote the province as Indonesia's latest tourist destination. "I feel sorry for those who regard the Jambi Cultural Charm Festivals here and abroad as a waste of funds," Sayoeti told Antara. One festival is currently being held in the capital and will last until Friday.

Executive accuses local private banks of cheating

Executive accuses local private banks of cheating JAKARTA (JP): Some of the city's local private banks often transfer their bad loans into current loans to secure an improved performance through "cheating" practices instead of restructuring the loans, an executive of a leading bank rating agency said. The president of Thomson Bankwatch Asia, Philippe F.

Islam (1)

Islam (1) When I arrived in Indonesia I got very excited. It's a great country. It's beautiful and has a wise leader. I had the chance to visit most of the cities and towns. I usually observed many things, mainly the practice of Islam wherever I went. As an Arab Moslem I believe that religions do not teach myths, indulge in worships and practice oppression. The Creator (Allah) sent Prophets to inform human beings that He is the only God, therefore we have to worship Him.

FCC to join Citraland

FCC to join Citraland SINGAPORE (Reuter): First Capital Corporation (FCC) said yesterday that a subsidiary has agreed to acquire a 20 percent stake in Indonesia's PT Citraland Adigraha. Terms were not disclosed. The agreement by the FCC subsidiary, First Capital (Overseas) Pte Ltd, is subject to mutually satisfactory negotiations within three months.

Evacuees allege mismanagement of recent floods

Evacuees allege mismanagement of recent floods JAKARTA (JP): Dozens of Jakarta residents staged a noisy protest against the government yesterday for the handling of the major flood sweeping the city that killed six people early this week. "Arrest me, shoot me if you will, I am not afraid... I will bear testimony for those who are perpetually being marginalized," a man was heard shouting at the gates of the State Ministry of Environment office.

Tritura protests: 30 years ago today

Tritura protests: 30 years ago today By Meidyatama Suryodiningrat JAKARTA (JP): Thirty-years ago today students throughout Jakarta began a two-month long demonstration demanding the dismantling of the Indonesian Communist Party (PKI), a reshuffle of the cabinet and reduction of prices.

Former students nominate Soeharto for president

Former students nominate Soeharto for president JAKARTA (JP): Former student leaders, whose street demonstrations in 1966 were pivotal in paving the way for the rise of President Soeharto to power, urged the nation yesterday to re-elect the incumbent in 1998 for another five year term. The Front for Indonesian Students and Youths (KAPPI) joined more than a dozen other organizations which have called on Soeharto to stay in power after his current term ends.

Girl's dead body identified

Girl's dead body identified JAKARTA (JP): Police have identified the 10-year-old girl found dead in the bushes of Kemayoran, Central Jakarta, on Monday as Nurhayati. City Police spokesman Lt. Col. Iman Haryatna told reporters yesterday that Nurhayati, also known as Upi, was a resident of Kemayoran Barat, Central Jakarta. The parents came to the Cipto Mangunkusumo public hospital yesterday after reading newspaper reports about the discovery of a girl's dead body.

American citizen found dead at shopping center

American citizen found dead at shopping center JAKARTA (JP): An elderly American was found dead yesterday morning, with his neck strangled by his own trousers, hanging from an iron gate in an alley of the famous Blok M shopping center in South Jakarta. Police identified the man as Malthec Langheck, 50, a German- born American citizen residing on Jl. Sibayak Kav. G/118 in Cinere, South Jakarta.

Novus invests more in RI

Novus invests more in RI SYDNEY (Reuter); Novus Petroleum Ltd and Britain-based Clyde Petroleum PLC have signed an agreement with Marathon International Oil Co to raise their interest in the Kakap production sharing contract offshore Indonesia. Novus said that if final negotiations were successful, its stake in Kakap would rise to 25.5 percent from 18.75 percent, while Clyde would buy a 31.25 percent stake and assume operatorship of the four oil fields covered by the contract from Marathon.

Observer says PDI could be big winner in 1997

Observer says PDI could be big winner in 1997 By Santi W.E. Soekanto JAKARTA (JP): The Indonesian Democratic Party (PDI) celebrates its' 23rd anniversary today in Ambon, Maluku, as it faces various hurdles for the 1997 general elections. An observer believes that chairperson Megawati Soekarnoputri, with her seemingly docile and quiet leadership, may actually lead her party to win more votes in the elections.

Mrs. Rukmana gets volleyball chair

Mrs. Rukmana gets volleyball chair JAKARTA (JP): The national congress of the Indonesian Volleyball Association yesterday afternoon unanimously elected prominent businesswoman and daughter of President Soeharto, Siti Hardijanti Rukmana, its new chairperson. If she accepts the decision, she will replace Gen. (ret) Kunarto, who nominated her for the post on the first day of a national congress held by the association in Sentul, West Java, on Monday. Mrs.

East Java Governor Basofi tired of PDI bickering

East Java Governor Basofi tired of PDI bickering JAKARTA (JP): East Java Governor Basofi Soedirman admitted he had the right to force an end to the prolonged conflicts at the Indonesian Democratic Party (PDI), but would not do so for fear of acting autocratically. "I'm tired of the conflicts in PDI," he told reporters here yesterday. He admitted that the problem of rival leadership at the East Java chapter of PDI was becoming a headache for him.

Whale stranded on beach

Whale stranded on beach JAYAPURA, Irian Jaya: The authorities in Manokwari regency are having difficulties in saving a 25-meter whale that has been stranded on the Arfai beach since Friday, Antara reported. David Womsiwor of the local Natural Conservation Agency said workers have been trying to push the whale back into the water and into its habitat in Cenderawasih Bay. David said this will prove difficult because there is a coral reef between the beach and Cenderawasih Bay.

Telkom relinquishes telecoms management

Telkom relinquishes telecoms management JAKARTA (JP): The state-owned domestic telecommunications provider PT Telkom handed over the management of its telecommunications networks in Central Java to PT Mitra Global Telekomunikasi Indonesia in Semarang yesterday. Telkom handed over its telecommunications networks in the country's eastern region -- Sulawesi, Irian Jaya, Maluku and Nusa Tenggara -- to PT Bukaka Singtel International on Jan.

Satelindo makes preparation for satellite launch

Satelindo makes preparation for satellite launch JAKARTA (JP): PT Satelit Palapa Indonesia (Satelindo), a private telecommunications operator, is now in the final phase of preparations for the launching of Palapa-C1, the first of the country's new generation of telecommunication satellites. "We are in serious preparations for the Palapa-C1 launching, which is scheduled for Jan.

Merrill Lynch granted license

Merrill Lynch granted license JAKARTA (JP): The Indonesian Capital Market Supervisory Agency (Bapepam) has granted PT Merrill Lynch Indonesia a license to underwrite and trade Indonesian securities, and act as an investment manager, the company announced here yesterday. "It is the first majority-owned U.S. securities firm getting such a license from Bapepam," the company said in a statement. The company will offer a wide range of Merrill Lynch's institutional services to the Indonesian market.

YKPK undaunted by absence of govt officials

YKPK undaunted by absence of govt officials SURABAYA (JP): Leaders of the National Brotherhood Foundation said yesterday that they were not worried that government officials invited to their discussion this week did not show up. Foundation chairman Lt. Gen. (ret.) Bambang Triantoro however said he hoped this did not mean there was any ill feeling towards the organization. "We are not disappointed," he told reporters during a break of the discussion reviewing Indonesia's path towards nationhood.

Riverbank levels to be raised

Riverbank levels to be raised JAKARTA (JP): The government will soon raise the levels of six riverbanks, which function as embankments in several flood-prone areas, as part of the city's flood control program. The head of the Ciliwung-Cisadane Rivers Development Project, Siswoko, said yesterday that the riverbanks are located in Rawa Kepa in North Jakarta, Jl.

Top seed eases into next round of tennis tourney

Top seed eases into next round of tennis tourney JAKARTA (JP): Top seed and defending champion Paul Haarhuis of the Netherlands encountered no trouble making it to the second round of the Indosiar Men's Open tennis championships here yesterday, dispatching Kris Goosens of Belgium 6-2, 6-1. Haarhuis, who has risen to his career-high ranking of 19, enjoyed a warm-up which lasted an hour and 10 minutes against 91st-ranked Goosens.

RI, Malaysia plan huge joint exercise

RI, Malaysia plan huge joint exercise JAKARTA (JP): Indonesia and Malaysia are planning a massive joint military exercise for later this year. The plan is part of the agreements reached by the two neighbors, whose delegates concluded their 24th General Border Committee meeting in Kuala Lumpur yesterday. The Indonesian delegation was led by Armed Forces Commander Gen. Feisal Tanjung and the Malaysian by Defense Minister Datok Syed Jaafar Albar.

UI students get on-campus dorm

UI students get on-campus dorm JAKARTA (JP): The University of Indonesia (UI) campus in Depok has finally built a dormitory for its students, the first on- campus dorm since the campus was constructed in 1986. The new dormitory, built by PT Nurtirta Nusalestari, a private contractor owned by former Jakarta governor Tjokropranolo, is being officiated this morning by Rector Dr. M.K. Tadjudin. Minister of Health Dr. Sujudi, Tadjudin's predecessor, is scheduled to attend the inauguration.

Oil prices to stay at'95 level

Oil prices to stay at'95 level JAKARTA (JP): The government will not increase fuel oil prices this year since an increase could cause strong inflationary pressures, Minister of Mines and Energy I.B. Sudjana said yesterday. "We don't have any plans to increase fuel prices," Sudjana told reporters after installing Soepraptono Soeleiman, a former adviser to the minister, as the new director general of oil and gas, replacing Suyitno Patmosukismo.

Mari optimistic govt will become honest

Mari optimistic govt will become honest JAKARTA (JP): Noted economist Mari Pangestu is optimistic the nation will work harder to establish a clean government, although this may come about as the result of external pressures. "There will be more efforts, on the part of the government, to be more transparent in establishing its policies, due to pressures from foreign investors," Mari said during the opening on Monday evening of a series of discussions about the challenges the nation may face.

Govt criticized for widening social gaps

Govt criticized for widening social gaps JAKARTA (JP): Market distortions, "counter-productive" incentive systems and "wrong" strategies towards economic globalization are responsible for the widening of social and economic gaps in the country, a research group said yesterday. The Institute for Development of Economics and Finance revealed in its economic and political review that the current political and economic systems are still not supportive of efforts to narrow the divisions.

Dangdut star testifies

Dangdut star testifies SURABAYA: The Surabaya District Court was packed with people yesterday all hoping for a glimpse of dangdut star Evi Tamala who was testifying in the trial of a local businessman accused of pirating her songs and those of fellow singers. Evi in her testimony said that besides losing Rp 250 per cassette in royalties, the piracy was also detrimental to her reputation because the quality of the pirated tapes was poor.

Taufik beats SEA Games record

Taufik beats SEA Games record JAKARTA (JP): Taufik bettered a two-and-a-half-year-old Southeast Asian Games snatch record in the men's 59kg on the second day of the national weight lifting, power lifting and bodybuilding championships here yesterday. The gold medalist at the just-concluded 18th SEA Games in Chiang Mai, Thailand, snatched 117.5 kilograms, 2.5kg more than the old mark set by Samuel Alegada of the Philippines in the 1993 SEA Games in Singapore.

Fragments in rice rations

Fragments in rice rations BANDA ACEH, Aceh: Deputy Governor Zainuddin A.G. was not amused to hear reports that local administration employees have been returning their rice rations because they were found to contain stone fragments and sand. Zainuddin summoned the general-secretary of the Governor Office's cooperative, Fachruddin, and requested that he return the rice immediately to Dolog, the local logistic agency which supplied the commodity, and ask for a replacement supply.

Further studies of Danish coal technology urged

Further studies of Danish coal technology urged JAKARTA (JP): President Soeharto has called for a further studies of Danish technology for clearing coal from its' sulfur content with a view to expanding the use of coal in the country. Speaking at a presentation of Indonesia's geological map yesterday, the President recounted his recent meeting the visiting Danish minister of the environment, Sven Auken, who told him that sulfur content, which causes air pollution, can be eliminated from coal.

TV today

TV today TVRI 2:35 p.m. TV Series: Amazing 3:00 News: Lintasan Berita 3:05 Music Performance: Gerak & Lagu 3:30 Science World 4:00 News: Lintasan Berita 4:05 Among Us: Kata Hati 4:30 Documentary 4:55 Filler/Trailer 5:00 Regional News 5:25 Travel: Face of My Country 5:30 Indonesian Lessons 6:05 Nusantara, the Beloved Country: West of Java 6:15 Village Program 6:45 TV Circus: Billbixby Wonderful of Magic 7:00 Evening News 7:25 Garuda Pancasila/Filler/Teller 7:30 Travel: Tours to Flowers Island...

Export hits fertilizer supply

Export hits fertilizer supply JAKARTA (JP): Favorable prices of urea fertilizer on the international market have encouraged traders to export such a product, thereby causing shortages of supplies in the domestic market, a House of Representatives member said.

Wage hikes too small, unions say

Wage hikes too small, unions say By Maria Andi JAKARTA (JP): Workers' unions and businessmen are divided about the government plan to increase the minimum wage, which will take effect on April 1. The Federation of the All Indonesia Workers Union said yesterday that the 10.63 percent increase in the minimum wage is still far off workers' demands, and not enough to meet their material needs.

NGK sets up RI subsidiary

NGK sets up RI subsidiary TOKYO (Reuter): NGK Insulators Ltd said it would set up a wholly owned subsidiary in Indonesia in April to produce ceramic components for catalytic converters. The new company, PT NGK Ceramics Indonesia, capitalized at US$10 million, plans to invest 1.6 billion yen to build a plant in the East Jakarta Industrial Park in Lemahabang, Bekasi. Construction will completed by May 1997.

TV stations warned against influx of foreign values

TV stations warned against influx of foreign values JAKARTA (JP): Privately-owned television stations should air more locally produced programs as a move to contain the influx of foreign values, a senior legislator said yesterday. Aisyah Aminy, chief of the House of Representatives Commission I which oversees information affairs, said all private TV stations should fill 80 percent of their air time with local programs like the state-owned TV station, TVRI, already does.

Dumai refinery shut down

Dumai refinery shut down SINGAPORE (Reuter): Indonesia's state-owned oil firm Pertamina's 26,500 barrels per day (bpd) hydrocracking unit at its Dumai refinery will remain shut until Jan. 22, a Pertamina official told Reuters yesterday. The maintenance shutdown, which started on Dec. 22, is to allow the refinery to change the catalysts in the hydrocracker, he said. The hydrocracker produces middle-distillates.

Firms blast bourses' management

Firms blast bourses' management JAKARTA (JP): The Indonesian Public Companies Association has urged the managements of the Jakarta Stock Exchange (JSX) and Surabaya Stock Exchange to be more cooperative and transparent in their efforts to develop the market. Chairman of the association, Sutrisno, told journalists yesterday that the managements of the Indonesian bourses should have discussed with the association some problems which are now hindering market growth.

1966 activists not impressed by own record

1966 activists not impressed by own record JAKARTA (JP): Former activists who launched the massive street demonstrations 30 years ago to fight "for the people", admitted yesterday they have not fully lived up to their own commitments. A seminar to commemorate the launching of the movement turned into a self criticism session as discussants reviewed how far the nation has come since those days. They found they have every reason to criticize themselves.

MAS buys Boeing jets

MAS buys Boeing jets KUALA LUMPUR (Reuter): The Malaysian Airline System (MAS) said yesterday it would buy 25 Boeing passenger jets over the next five years, shutting out European rival Airbus Industries from a deal worth around US$4.0 billion. "There could only be one winner," Malaysia Airlines Chairman Tajudin Ramli told a news conference after the announcement. McDonnell Douglas Corp also put in a losing bid.

Anti-vice drive pays off

Anti-vice drive pays off BANDAR LAMPUNG, Lampung: Bandar Lampung Mayor Suharto promised to continue his anti-vice campaign after the local district court passed sentence on 16 male and female prostitutes and their patrons, early this week. The court fined the men and women Rp 50,000 ($21) each for their offenses, according to Antara. Most opted to pay the fine rather than spend three months in jail.

Water supply disrupted

Water supply disrupted JAKARTA (JP): The supply of tap water in the Central Jakarta subdistricts of Kebon Sirih, Kwitang and Gunung Sahari as well as in the West Jakarta subdistricts of Grogol, Pejagalan and Bandengan has been disrupted for several days due to the recent floods. The marketing director of the city-owned water company PAM Jaya, Agus Tabrani, said in a press release yesterday that the water supply was expected to resume last night.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 9, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 775 0 2,000 AHAP Insurance 3,200 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,725 0 439,000 Aneka Kimia Raya 6,200 0 500 Anwar Sierad 1,125 0 202,500 Aqua Golden Mississippi 1,500 -250 1,000 Argha Karya Prima Industry 2,000 -25 100,500 Argo Pantes 2,100 175 10,000 Asahimas Flat 2,450 0 1,839,000...

German alumni union studies RI industry

German alumni union studies RI industry JAKARTA (JP): The German Alumni Association is conducting a study on the potential of Indonesian products to identify their competitiveness in the world market, chairman of the association Soni Harsono said. "The on-going study, scheduled to be ready in six months, is being carried out by noted economists who are also members of the association, Djisman Simandjuntak and Hadi Soesastro," Sony told the press here yesterday at a luncheon meeting.