Indonesian Political, Business & Finance News

Archive: 17 January 1996

47 articles found

Canadian PM arrives

Canadian PM arrives JAKARTA (JP): Canadian Prime Minister Jean Chretien and his wife Aline arrived here yesterday evening for a three-day visit aimed at boosting commercial ties with Indonesia. He was met at the airport by Coordinating Minister for Political Affairs and Security Soesilo Soedarman, who accompanied the prime minister to the Hilton Hotel where he is staying for the duration of his visit.

Executive blasts new capital market law

Executive blasts new capital market law JAKARTA (JP): The new capital market law to some degree impedes the movement of publicly-listed companies which have no major shareholders, an executive said yesterday. Rini M.S. Soewandi, a director at PT Astra International, said at a seminar that the law does not especially address such companies. Therefore, they are subject to articles designed for those with majority shareholders.

Rebels surrender to military

Rebels surrender to military ZAMBOANGA, Philippines (AFP): Thirty-four rebels surrendered to the military in the southern Philippine island of Mindanao, officials said yesterday. The rebels surrendered on Monday in Aurora town, 200 kilometers west of this southern port city to officials of the southern command.

Two candidates left for swimming body

Two candidates left for swimming body JAKARTA (JP): Delegates from 24 provinces who gathered at the national congress of the Indonesian Swimming Federation here yesterday split their votes prior to the election of their new chairman slated for today. The congressmen put two prominent figures, Siti Hediyanti Prabowo, also known as Mbak Titiek, and former chairman Ginandjar Kartasasmita on the overnight nomination list.

Jail official gets 4 years in prison

Jail official gets 4 years in prison JAKARTA (JP): A prison official whose derogatory remarks against Roman Catholicism sparked a communal riot in East Timor last September will soon be spending time behind bars. The Maliana District Court in Bobonaro regency, East Timor, yesterday found Zakarias Sake, an official of the local correctional facility, guilty of blasphemy. He was sentenced to four years imprisonment, Antara reported.

Missing Marcos millions still elusive

Missing Marcos millions still elusive By Harvey Stockwin HONG KONG (JP): The tenth anniversary of that magical moment when the Filipino masses finally overthrew the conjugal dictatorship of former Philippine President Ferdinand Marcos and his wife Imelda is but six weeks away, but the melodrama over the missing Marcos millions is entering what promises to be another murky chapter.

Malaysia, Australia mend relations

Malaysia, Australia mend relations KUALA LUMPUR (Reuter): Malaysia and Australia buried the hatchet yesterday, their leaders agreeing Australia had a role to play in Asia and calling for fresh points of view to renew an old relationship. "Obviously Australia has a role to play in Asia," Malaysian Prime Minister Mahathir Mohamad said after a 90-minute meeting with visiting Australian counterpart Paul Keating.

Residents call for help for whale

Residents call for help for whale MANOKWARI, Irian Jaya: Residents have called on both domestic and foreign experts to come to the rescue of a whale which has been stranded on Arfai beach since Jan. 5, Antara reported yesterday. "Unless there's help soon, the whale will die," one resident said. Yopi Muskitta, head of the World Wide Fund for Nature's local office, said so far there is no clear explanation as to why the whale was stranded.

RI needs less financial aid from donor group

RI needs less financial aid from donor group JAKARTA (JP): The government will propose financial aid from the Consultative Group for Indonesia (CGI) in the middle of this year for the construction of 651 development projects worth US$20.1 billion, fewer than the 686 projects worth $22.5 billion proposed in 1995.

Environmental troubles to grow, Sarwono says

Environmental troubles to grow, Sarwono says PEKANBARU, Riau (JP): Minister of Environment Sarwono Kusumaatmadja has warned the community of even greater environmental risks accompanying the acceleration of development in the next 25-year period. Speaking at the opening of the provincial office of the Environmental Impact Management Agency here yesterday, Sarwono said Indonesia is facing real environmental threats.

Internet helps developing countries' news balance

Internet helps developing countries' news balance JAKARTA (JP): The Internet can help balance the flow of information in developing countries, where western media currently dominates information sources, a United Nations officer said yesterday. Many media in developing countries have joined the Internet, enabling people around the world to get information straight from local sources, said Madanmohan Rao, communication director at the New York-based UN Inter Press Service.

Bulog plans large market operation to stabilize prices

Bulog plans large market operation to stabilize prices JAKARTA (JP): The State Logistics Agency (Bulog), the government's buffer stock agency for staple foods, plans a massive market operation to stabilize rice prices during the fasting month and the Idul Fitri holiday. Bulog's Chairman Beddu Amang said yesterday that the agency will release 90,000 tons of rice from its stocks this month and another 50,000 tons in February in its market operation plan.

TV today

TV today TVRI 2:35 p.m. TV Series: Amazing 3:00 News: Lintasan Berita 3:05 Travels: My Country 3:30 Science 4:00 News: Lintasan Berita 4:05 Among Us: Kata Hati 4:30 Documentary 5:00 Regional News 5:30 Indonesian Lessons 6:05 Nusantara, the Beloved Country 6:15 Village Program 6:45 Langka Tapi Nyata 7:00 Evening News 7:25 Garuda Pancasila/Filler/Teller 7:30 Music: Asia Bagus 8:00 News: Lintasan Berita 8:05 Comedy: Humoria 9:00 World News 9:25 Music: Kamera Ria 10:25 Film 10:55 Late News 11:05...

Tarmizi Taher offers to mediate in NU dispute

Tarmizi Taher offers to mediate in NU dispute JAKARTA (JP): Minister of Religious Affairs Tarmizi Taher yesterday called on the conflicting parties within the largest Moslem organization Nahdlatul Ulama (NU) to reconcile and offered to mediate for them. "The best way is to ishlah, reconcile. Don't put down other people.

Firecrackers

Firecrackers We had a peaceful afternoon in my garden with a couple of friends on Sunday, Jan. 14, 1996, which still in the end was spoiled by a series of firecracker detonations. Upon checking with our "RT" I got the answer I had expected, namely that this activity is supposed to welcome the forthcoming Ramadhan Fasting Month.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 16, 1996: Shares Close Change Trading Volume --------------------------------------------------------- Ades Alfindo 700 -50 7,000 AHAP Insurance 3,200 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,675 -25 500,500 Aneka Kimia Raya 6,100 0 0 Anwar Sierad 1,150 0 62,000 Aqua Golden Mississippi 1,500 0 0 Argha Karya Prima Industry 2,100 25 73,000 Argo Pantes 2,100 0 0 Asahimas Flat 2,675 50 3,239,500 Asiana IMI...

RP diplomatic ties with S'pore back on track

RP diplomatic ties with S'pore back on track MANILA (Reuter): The Philippines and Singapore restored full diplomatic ties yesterday, eight months after a near break over the hanging of a Filipina maid. Philippine President Fidel Ramos announced an official end to the bitter diplomatic row with the appointment of new ambassadors by each country.

Garuda flight

Garuda flight Friends of mine, who planned months in advance to spend the post-Christmas period in Lombok and Bali, made all the necessary bookings for their return on Garuda through their travel agent. However, when they presented themselves at the check-in, they were told, without a word of explanation or apology, "This flight is canceled; you're on the next flight." (Luckily they had taken the precaution of being wait-listed on three flights).

Astra introduces Pramindo

Astra introduces Pramindo JAKARTA (JP): The chief commissioner of PT Astra International, A.R. Ramly, and chairman of France Telecom, Marcel Roulet, have met with the Governor of North Sumatra Raja Inal Siregar in Medan to inform him of the start of operations by PT Pramindo Ikat Nusantara. Pramindo is one of the five private firms which will install two million fixed telephone lines throughout the country within the next three years, except in Jakarta and East Java.

Office of police chief relocated after blaze

Office of police chief relocated after blaze JAKARTA (JP): National Police Chief Gen. Banurusman Astrosemitro and a number of high-ranking officers have temporarily moved to other buildings after Monday's blaze at the main headquarters building. National Police Spokesman Brig. Gen. IK Ratta said here yesterday that Banurusman might use a room at the nearby National Central Bureau Interpol office temporarily.

Two days of rain flood 13 subdistricts

Two days of rain flood 13 subdistricts JAKARTA (JP): The heavy rain drenching the city on Monday night and yesterday afternoon drove floods waters into thousands of houses in 13 subdistricts throughout Jakarta. A municipal flood control post official, R. Sitindjak, said yesterday that the flooding was mainly caused by the overloading of drainage systems by the heavy rain rather than by the overflowing of rivers.

Students protest against principal

Students protest against principal CIREBON, West Java: More than 400 students of High School 8 in Lemahwungkuk district unfurled banners and waved placards at the local legislative council on Monday in protest against their authoritarian principal. The students reported to council's secretary that Principal Ruhyat Natadipura applied arbitrary policies regarding their school activities, Antara reported.

Ford Credit forms Indonesian joint venture

Ford Credit forms Indonesian joint venture DEARBORN, Michigan, USA (Reuter): Ford Credit International Inc said it and PT Indomobil Investment Corp. have formed a joint venture company in Indonesia to provide automotive financing to Ford and Indomobil dealers and customers. PT Primus Financial Services is 55 percent owned by Ford Credit, a unit of Ford Motor Co., and 45 percent by Indomobil, the second largest vehicle assembler and distributor in Indonesia.

Firm to issue rights shares

Firm to issue rights shares SURABAYA (JP): A publicly-listed pulp and paper manufacturer, PT Surabaya Agung, will carry out a rights issue worth Rp 126 billion (US$54.6 million) in March to finance its capacity expansion.

Agency goes ahead on Bekasi's capital

Agency goes ahead on Bekasi's capital JAKARTA (JP): A realtor, in a bid to make its housing complex the capital of the Bekasi regency, has set aside a 3,500-square- meter plot for the Bekasi Land Agency to build a new office on. The agency, which oversees the issuance of land titles, is currently accommodated on the third and fourth floors of the Flatted Factory building owned by developer PT Lippo Cikarang, before the construction of its new office is completed in 1998.

'Man cannot live on bread alone'

'Man cannot live on bread alone' The National Brotherhood Foundation has just held a discussion in the East Java capital of Surabaya last week, its first ever event since it was founded in October. Political scientist J. Soedjati Djiwandono juxtaposed the event with one in the Arab world and learned a lesson. JAKARTA (JP): Among the newly established organizations, the National Brotherhood Foundation, by definition not a mass organization, deserves special mention.

Matsushita Co. sets up fourth re-export base

Matsushita Co. sets up fourth re-export base JAKARTA (JP): Matsushita Electric Industries (MEI) Co., of Japan, a major world producer of audio products, has expanded its partnership with PT National Gobel of Indonesia, making the country's oldest electronic company its fourth re-export base.

Indonesia plans to launch its passenger jet in 2002

Indonesia plans to launch its passenger jet in 2002 JAKARTA (JP): The first Indonesia-designed passenger jet N- 2130 will be rolled out in March 2002 and will make its maiden flight some five months later, State Minister of Research and Technology B.J. Habibie said yesterday. "We will launch the N-2130 in March 2002 and between three to five months later it will be followed by its maiden flight," he said after meeting President Soeharto.

IDT fund embezzled

IDT fund embezzled Although the government has worked hard to eradicate poverty through the Presidential Instruction for the least developed villages (IDT) scheme (Rp 20 million for each village), the implementation of this program is not very smooth, and the problem has become increasingly serious. Some of the money was manipulated and embezzled. They seemed to believe that the fund could be spent with impunity. This happened in Ujungjaya village, Pandeglang regency, West Java.

Importing logs

Importing logs Indonesia, though its economy is still based largely on agriculture and agro-industry, must depend mainly on imports to satisfying demand for soybeans, corn and several other farm commodities. And that anomaly, we are afraid, may worsen soon, if wood-based industries are forced to import logs (round wood).

Joint venture to build semiconductor plant here

Joint venture to build semiconductor plant here BEKASI, West Java (JP): PT NEC Humpuss Semiconductors Indonesia, a Japanese joint venture, broke ground here yesterday for a US$45-million plant which will manufacture semiconductors. "The 8,000-square-meter plant will be built on a 100,000- square-meter area and the construction will be completed in October this year," the company's president, Masaru Nakagiri, said at the ground-breaking ceremony.

Ministers to read poems

Ministers to read poems JAKARTA (JP): Minister of Youth Affairs and Sport Hayono Isman, Minister of Education and Culture Wardiman Djojonegoro and Minister of Transmigration Siswono Yudohusodo have expressed their readiness to read poems for Putih Bening (Transparent White) at Gedung Kesenian Jakarta tomorrow.

Overcoming democratic deficits

Overcoming democratic deficits By Juwono Sudarsono The following is the first of two articles on the undertaking of developing countries in coming to terms with democratic wave sweeping the globe after the Cold War. JAKARTA (JP): Five years ago, observers in the West mistakenly believed that the demise of communism and state socialism in Eastern Europe and the former Soviet Union would provide clear vindication for a "global democratic wave" based on the precepts of Western forms of government.

Ground in North Jakarta gradually subsiding

Ground in North Jakarta gradually subsiding JAKARTA (JP): The ground in North Jakarta is subsiding and will drop by as much as four meters in the next three decades if the current groundwater exploitation is not properly controlled, according to a government official.

Labor union drafting two bills on workers' rights

Labor union drafting two bills on workers' rights JAKARTA (JP): The Indonesian Prosperity Labor Union (SBSI) yesterday announced its intention to present two labor bills to the House of Representatives, hopefully through the Indonesian Democratic Party (PDI).

Boy to sue police for libel and illegal arrest

Boy to sue police for libel and illegal arrest JAKARTA (JP): A 14-year-old boy who was cleared of robbery charges last week is preparing a lawsuit against the police for defamation and for holding him in custody for 166 days. "We will demand Rp 1 billion compensation in addition to apologies to rehabilitate our client's good reputation in the media," said Mohamad Arif Budi's lawyer, Abu Mansyur of the Posbakum legal aid agency.

Wismoyo asks governors to lead sports

Wismoyo asks governors to lead sports JAKARTA (JP): National Sports Council (KONI) chairman Wismoyo Arismunadar yesterday urged officials of its provincial chapters to name their respective governors the chairpersons. "This will help the chapters to ask for funds from prominent businessmen in their provinces, which are necessary to run their training programs," Wismoyo said. Wismoyo was addressing a KONI national congress which ended yesterday.

Tin firm expects to exceed targets

Tin firm expects to exceed targets JAKARTA (JP): The state tin mining company PT Tambang Timah expects to exceed last year's sales and net profit targets by five percent, thereby improving its share performance on the capital markets, an executive said here yesterday. "We hope the exact figure can be announced later this month," Tambang Timah's president, Erry Riyana Hardjapamekas, told a discussion meeting held by The Jakarta Post.

Indonesian language

Indonesian language From Sinar The President's advocacy of the use of Bahasa Indonesia to replace foreign words used for advertisements was widely welcomed. However, I find the implementation of this worthwhile policy confusing. Our teachers were unable to give satisfactory answer to our queries. The words in question include: regen, resor, bakeri, mal and Holan, to replace the English words: regent, resort, bakery, mall and Holland.

'No vulgar shows, please'

'No vulgar shows, please' JAKARTA (JP): Governor Surjadi Soedirdja called on owners of entertainment centers not to feature vulgar or pornographic shows during the Islamic fasting month of Ramadhan, which starts on Jan. 22. "Use the fasting month as a time to purify our mind. Let's not do anything which can disrupt the religious atmosphere during the holy month," he said. Gambling must also be avoided, he added. In a related development.

NAM seeks cooperation on information flow

NAM seeks cooperation on information flow JAKARTA (JP): Indonesian senior diplomat Nana Sutresna yesterday called on developing countries to launch initiatives on cooperation for information access which are dominated by the western press. "The Non-Aligned Movement itself is a victim of the imbalances of the global information flow," Nana, Ambassador-at-Large for the Non-Aligned Movement (NAM), said during a luncheon of the Indonesia Executive Circle here yesterday.

Govt toughens stance against Irian Jaya rebels

Govt toughens stance against Irian Jaya rebels JAKARTA (JP): The government has toughened its stance against Irian Jaya rebels who are still holding 14 people, including six Europeans, hostage, saying that while it was prepared to talk with them, it would not negotiate. The rebels yesterday released two hostages who were not previously listed among those being held. They were the wife of Jacobus and their six-month old baby.

Foundation given mixed response

Foundation given mixed response JAKARTA (JP): The establishment of a private foundation to manage donations for the poor from firms and wealthy people received a mixed greeting from politicians in the House of Representatives yesterday. The United Development Party (PPP) welcomed the birth of the Dana Sejahtera Mandiri Foundation with reservations. It proposed that the funds should be included in the state budget for greater accountability.

Malaysian state may export logs to Indonesia

Malaysian state may export logs to Indonesia JAKARTA (JP): Malaysia's state of Sarawak has implied that it is ready to export logs to Indonesia to meet increasing demand from the plywood industry in this country. Acting Minister of Sarawak Awang Tengah Ali Hassan said here yesterday that Sarawak might export its logs to Indonesia if prices were reasonable.

Govt asked to take over lake resort

Govt asked to take over lake resort PURWAKARTA, West Java: Residents have asked that the local administration take back management of the Situ Buleud lake resort from a private company which has allegedly been restricting residents' access. According to Antara, Regent Bunyamin Dudih said on Monday that he has been receiving complaints from residents that the company made them pay admission fees to the resort. Previously, the resort was open to the public.

Poet Emha a 'blessing' for PPP: Observers

Poet Emha a 'blessing' for PPP: Observers SEMARANG (JP): Observers have applauded the decision of noted playwright and poet Emha Ainun Nadjib to join the Moslem-based United Development Party (PPP) and become one of its principal vote-getters in next year's election campaign. "He's a blessing for PPP and will improve the party's image," political scientist Ali Mufiz of the Diponegoro University told The Jakarta Post here yesterday.

Workers seek termination

Workers seek termination PEKANBARU, Riau: Eighty timber truck drivers of PT Sola Gratia Plywood company held a demonstrated on Monday, demanding a termination of their contracts and compensation. The drivers said that since the company was bought by the Raja Garuda Mas business group in the middle of last year, their welfare has been neglected, Antara reported.