Indonesian Political, Business & Finance News

Archive: 10 October 1996

48 articles found

Encroaching kiosks

Encroaching kiosks From Neraca Emergency kiosks have been erected along the slow lane of Jl. Kramat Raya following the fire that razed Pasar Kenari some time ago. This was done to help the vendors to rehouse their merchandise and resume their business activities. However, this new construction causes problems for road users. The newly built kiosks are encroaching on the road so that vehicles, especially big trucks, can only move at snail's pace.

'Forbes' magazine takes a closer look at Indonesia

'Forbes' magazine takes a closer look at Indonesia By Endy Bayuni JAKARTA (JP): When the top executives of Forbes come to Indonesia, they don't only update their list of local tycoons for inclusion in the American business magazine's annual list of billionaires all over the world.

Brokerage firms urged to sack errant brokers

Brokerage firms urged to sack errant brokers JAKARTA (JP): Securities companies should establish an internal control system to monitor their employees, Chairman of the Capital Market Supervisory Agency (Bapepam) I Putu Gede Ary Suta said yesterday. Putu said that the agency has discovered a number of cases and disputes caused by unprofessional brokers.

New cement plant ready

New cement plant ready CILACAP, Central Java (JP): PT Semen Nusantara Cilacap will start commercial operations at its new cement plant here in December to triple its production capacity to 4.1 million tons per annum. The company's general affair manager Tri Bowo R.H. said here last week that his company will transport the raw materials for the new plant from notorious Nusakambangan prison island, about one kilometer south of here.

Army leaders to meet local veterans

Army leaders to meet local veterans BANDUNG (JP): Army leaders plan to hold talks with retired senior officers to discuss their perceptions about state affairs. Army Chief of Staff Gen. R. Hartono said yesterday he has yet to set the date and venue for the forum where the participants can express their ideas freely. "The idea has long been planned," Hartono told journalists after swearing in several Army officials assuming their new posts.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 9, 1996 Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,100 0 0 AHAP Insurance 2,675 0 0 Alumindo Perkasa 725 0 28,500 Andayani Megah 1,025 0 292,000 Aneka Kimia Raya 1,350 125 2,500 Anwar Sierad 2,100 -25 53,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,375 0 1,002,500 Argo Pantes 1,900 0 7,500 Asahimas Flat 1,425 0 552,000 Asiana IMI...

Where to go in Bandung:

Where to go in Bandung: Music and Entertainment * Chedi Hotel: Jl. Rancabentang 56-58: Job (Piano), Monday to Wednesday, 5:30 p.m. to 8 p.m.; Irven (Guitar), Monday to Wednesday, 8:30 p.m. to 11 p.m.; Mixed voices Accapela singer and Andi (Pianist), Thursday and Saturday, 8:30 p.m. to 11:30 p.m.; Andi (Piano), Friday and Sunday, 5:30 p.m. to 8 p.m.; Imelda (Piano), Friday, 8:30 p.m. to 11 p.m.; Juli (Piano), 5 p.m. to 10:30 p.m. * International Imperium Hotel: Jl. Dr. Rum No.

Govt raises domestic airfares by 4 percent

Govt raises domestic airfares by 4 percent JAKARTA (JP): The government has raised domestic economy airfares by up to 4 percent due to the appreciation of the U.S. dollar against the rupiah, a ministerial decree showed yesterday. Based on a decree signed on Oct. 4 by Minister of Transportation Haryanto Dhanutirto, the new airfares, which were not previously announced by the government, were effected on Oct. 8.

MBf to buy Indonesian firm

MBf to buy Indonesian firm KUALA LUMPUR (Reuter): Malaysia's MBf Capital Bhd said it had agreed to acquire a 51 percent stake in an Indonesian finance company for Rp 9.18 billion (around US$3.8 million). MBf Capital said in a statement late on Tuesday that the stake in PT Sejahtera MBf Multi-Finance would be acquired from PT Investindo Nusa Permata.

Makro opens in Tangerang

Makro opens in Tangerang TANGERANG, West Java (JP): A new Makro outlet was opened yesterday at the Alam Sutera housing complex, Tangerang, bringing the number of the retailer's outlets to seven throughout the country. The other six are located in Pasar Rebo, East Jakarta, Kelapa Gading, North Jakarta, Meruya, West Jakarta, Ciputat, South Jakarta, Bandung and Surabaya.

Economists' gathering

Economists' gathering The 13th Congress of the Indonesian Economists Association, which begins this afternoon at the Tiara Convention Center in Medan, North Sumatra, has chosen "Managed market economy in the run-up to the 21st century" as the central topic for its three days of discussions. The concept of managed market forces -- which market players simply and, sometimes, disdainfully, call government intervention -- has actually been inherent in Indonesia's economic system.

GE Lighting chooses RI as regional production base

GE Lighting chooses RI as regional production base JAKARTA (JP): GE Lighting, a unit of widely diversified General Electric of the United States, has chosen Indonesia as its main production base to serve Southeast Asian countries, the company's top executive said yesterday.

Myanmar may exhaust ASEAN's patience

Myanmar may exhaust ASEAN's patience SINGAPORE (Reuter): Myanmar's governing generals must move towards political pluralism or risk exhausting the patience of ASEAN and others investing in the country, Singapore's leading newspaper said yesterday.

Three-in-one bike riders die in crash

Three-in-one bike riders die in crash SEMARANG: Three high school students died yesterday afternoon after their motorcycle slammed into a mahogany tree. According to witnesses, the three teenagers, students at the Muhammadiyah technical high school in the Boja village, were speeding as they rode on a single motorcycle from school. As they came to a narrow bend, they lost control and ran into the tree. All three died instantly.

Telkom directors 'adopt' quintuplets

Telkom directors 'adopt' quintuplets BANDUNG: The five members of the board of directors at the state-owned telecommunications company, PT Telkom, will become the foster parents of Indonesia's first quintuplets born here on Monday. Yesterday, PT Telkom's President Asman Akhir Nasution told the quintuplet's mother, Ellidawati, that the company would pay for all hospital expenses, which are expected to reach Rp 45 million (US$19,148). "Even for future financial concerns, you don't have to worry.

House hopes to deliberate drug bill soon

House hopes to deliberate drug bill soon JAKARTA (JP): The House of Representatives hopes to begin deliberating the long-awaited bill on psychotropic substances next month as soon as it ratifies the 1971 UN Convention on Psychotropic Substances. House members said yesterday the bill on psychotropic substances is expected to go into effect in January or before their terms of office expire, around September next year at the latest.

Pressure mounts against govt on alcohol bill

Pressure mounts against govt on alcohol bill JAKARTA (JP): Pressure is mounting on the government to scrap a bill that would impose a fee on alcohol distributors and regulate the number of places allowed to sell alcohol as well as the amount allowed to be sold. Several Moslem groups claim that the bill should be replaced with one that prohibits the sale of alcohol altogether.

Incentives needed to improve environmental awareness

Incentives needed to improve environmental awareness JAKARTA (JP): People residing near a reserve forest deserve incentives to improve their awareness of preservation, an environmentalist said yesterday. "Preservation efforts should not be focused only on natural wealth but also on how to benefit the local people," said Setijati D. Sastrapradja of the Kehati Foundation.

Hasan welcomes falling pulp prices

Hasan welcomes falling pulp prices JAKARTA (JP): Falling pulp prices on the world market benefit Indonesian pulp producers, chairman of the Indonesian Forestry Society, Bob Hasan, said yesterday. "The drop in pulp prices is advantageous for us, not only because we can profit from lower prices but also because the price fall could lead to the collapse of overseas pulp producers," he said.

Marine resources may be overfished

Marine resources may be overfished JAKARTA (JP): Many marine resources across the world will be overfished in the next decade, while many countries will apply stricter trading rules on fishery imports, an executive of the Association of Indonesian Fishing Companies (Gappindo) predicts. Bambang Suboko told a seminar here yesterday that Indonesian fishing firms must anticipate these developments and improve their operations if they wanted to survive in future.

City flooding under control: Public works

City flooding under control: Public works JAKARTA (JP): The head of the maintenance division at the public works agency, Leo Y. Sianturi, said the levels of the city's main rivers, the Pesanggrahan and Ciliwung, are normal. "Areas which are inundated are still mainly those near these riverbanks," said Leo, who is in charge of the central city post of flood monitoring (Posko banjir).

Indonesia and Vietnam said to face AIDS epidemic

Indonesia and Vietnam said to face AIDS epidemic SINGAPORE (Reuter): More than one million people in Indonesia and Vietnam may be infected with AIDS by the turn of the century, raising the number of people afflicted in Southeast Asia to more than two million, reports submitted to a regional task force said yesterday. "The AIDS epidemic in Indonesia could be similar to...Thailand," said a country report on Indonesia presented to an ASEAN task force.

Two percent of Jakartans illiterate

Two percent of Jakartans illiterate JAKARTA (JP): The number of Jakarta's illiterates is now just 2 percent of the city's population of nine million, a decrease from 21 percent previously. Governor Surjadi Soedirdja said yesterday that the drastic drop is surprising and it indicates a great achievement for the city administration. "I'm surprised.

'Kramat Tunggak will become industrial zone'

'Kramat Tunggak will become industrial zone' JAKARTA (JP): The notorious Kramat Tunggak rehabilitation center for prostitutes will be turned into an industrial area, North Jakarta Mayor Suprawito said yesterday. According to the wishes of residents and religious leaders, he said, the city would stick to its plan to move the red-light district, which is no longer isolated like it was when it opened in early 1970s.

Govt to set up agency to handle geothermal power

Govt to set up agency to handle geothermal power JAKARTA (JP): The President is expected to issue a decree later this year to establish a one-stop regulatory agency for the geothermal industry, to encourage power generation using geothermal steam. "The draft of the presidential decree is now being considered by the State Secretariat.

Property market guided by banking policy

Property market guided by banking policy JAKARTA (JP): Changes in the country's property market are due more to monetary policy than the riots that broke out in the city last July, an international property consultant said yesterday. Craig Williams, a technical advisor to PT Procon Indah and a director of Jones Lang Wootton, said Bank Indonesia's directive that banks restrict lending to the property sector has helped slow down the construction of new properties.

Stoned train

Stoned train From Media Indonesia I assumed it would be convenient to take an Argo Bromo or Sembrani train. On Oct. 5, I traveled by Sembrani train from Jakarta to Surabaya, East Java, at 5:40 p.m.. I really looked forward to a good rest on the train after having had a few restless nights. I found the journey from Jakarta to Cirebon fairly comfortable, but when the train left Cirebon I was shocked over what happened. Our train was stoned from left and right, virtually breaking all the windows.

PON winners to go international

PON winners to go international JAKARTA (JP): The 16 gold medalists from the 14th National Games (PON) taekwondo competition will don the national colors in the ASEAN Taekwondo Championships in Ho Chi Minh City from Oct. 23 through Oct. 27 1996. Deputy Secretary-general of the Indonesian Taekwondo Association Hanafi M Saud said yesterday that Indonesia would use the tournament to observe the progress made by its rivals prior to the Southeast Asian Games here next year.

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Mezzanine Lounge: The Praise Vocal Group, nightly except Sunday, 8 p.m. to 11 p.m. * Hotel Aryaduta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Los Morenitos Vocal Group, Monday, Thursday, Sunday, 7:15 p.m. to 11 p.m.; Los Paraguas Vocal Group, Tuesday, Wednesday, Friday, Saturday, 7:15 p.m. to 11 p.m. - Ambassador Lounge: Pianist Sudarmadi, Monday through Saturday, 7:30 a.m to 9:30 a.

Dutch police slammed for seeking scapegoats

Dutch police slammed for seeking scapegoats JAKARTA (JP): Indonesian Ambassador to the Netherlands J.B. Soedarmanto Kadarisman has complained bitterly that the Dutch police were seeking scapegoats when they accused Indonesian diplomats of being involved in Ecstasy trafficking. "They (the police) are only seeking scapegoats. Their accusations have not been backed by concrete evidence," Kadarisman was quoted by Antara as saying Tuesday evening.

Jailed corruptor dies

Jailed corruptor dies MATARAM, West Nusa Tenggara: D.J. Sambara, 57, who was serving a three-year jail sentence for corruption, died of a heart attack at Mataram hospital over the weekend. "The convict was brought to hospital on Sunday morning and died later that evening. His body was flown to Tana Toraja, South Sulawesi, for burial on Monday," said Made Mudana, an official at the Mataram correctional facility.

Megawati's supporters go on trial

Megawati's supporters go on trial JAKARTA (JP): Sixty-four supporters of Megawati Soekarnoputri were charged in Central Jakarta District Court yesterday with assault during a battle over the headquarters of the Indonesian Democratic Party (PDI) in July. Megawati, the ousted chairwoman of the party, showed up to lend her personal support and to comfort the defendants. "I promised them I would come.

City plans hearing with Ulemas over decree on alcohol

City plans hearing with Ulemas over decree on alcohol JAKARTA (JP): The city administration is scheduled to hold a hearing with ulemas to explain the controversial decree on alcoholic beverages, a deputy governor says. Deputy Governor of Administrative Affairs Idroes said yesterday that the hearing is aimed at familiarizing the ulemas with details of the decree.

Rain prevents Soeharto inaugurating Ciamis plant

Rain prevents Soeharto inaugurating Ciamis plant JAKARTA (JP): Heavy rains barred President Soeharto from inaugurating yesterday an integrated phosphate mining and processing plant owned by PT Istana Kanematsu Indonesia (IKI) in Ciamis, West Java. "President Soeharto apologized to the people who had made preparations for welcoming him," State Minister/State Secretary Moerdiono, who accompanied Soeharto, told journalists.

Japanese fund for villages

Japanese fund for villages NABIRE, Irian Jaya: Twenty coastal villages in the Paniai regency, Irian Jaya, will receive a combined Rp 2.5 billion in developmental aid from the Japanese government. Apart from the foreign aid, the Indonesian government is also contributing over Rp 78 million from its own account. Antara reported that the funds will be used to build an 80- kilometer road, 40 clean-water installations and three boat docks.

Sprint rally grand final

Sprint rally grand final JAKARTA (JP): Defending champion Roy Nirwan will head a field of 83 drivers at the national sprint car rally grand final at the Bumi Serpong Damai circuit in Tangerang, West Java on Sunday. Roy and his co-driver Harry Z, in a Mitsubishi Lancer Evolution, are expected to face strong opposition from young contenders including Rifat Sungkar, Febril Suhud, Akbar Hadianto and Raymond Pribadi in the race which offers Rp 11 million (US$4,720) in cash prizes.

Fertilizer firm to build new plant worth $104.2m

Fertilizer firm to build new plant worth $104.2m JAKARTA (JP): PT Pupuk Kalimantan Timur, a state-owned fertilizer firm, signed an agreement here yesterday with a consortium of PT Rekayasa Industri and Chiyoda Corporation of Japan to build new production unit worth US$104.2 million.

Maj. Gen. Hendropriyono gets civilian posting

Maj. Gen. Hendropriyono gets civilian posting BANDUNG (JP): Once an army rising star, Maj. Gen. A.M. Hendropriyono will be given a civilian posting as secretary of Development Operations, Army Chief of Staff Gen. R. Hartono said yesterday. "That's our plan. The final decision lies with the President," Hartono was quoted by Antara as saying. Hendropriyono's post as chief of the Army Training School in Bandung was transferred yesterday to Maj. Gen. Achfas Mufti in a ceremony led by Hartono.

Cannabis grower arrested

Cannabis grower arrested PEKALONGAN, Central Java: Nurdin, 35, was arrested Tuesday for planting and selling marijuana in his yard in Domiyang village. Nurdin admitted his crime and said he had brought the seeds from his hometown in North Aceh. He claimed that the financial lure blinded him, although he realized that it was illegal. (wah/mds)

'ASEAN won't create closed trading bloc'

'ASEAN won't create closed trading bloc' JAKARTA (JP): Association of Southeast Asian Nations (ASEAN) Secretary-General Dato Ajit Singh asserted yesterday that greater integration of the group's economic activities would not create a closed trading bloc.

'Military and civilians have equal chance at presidency'

'Military and civilians have equal chance at presidency' JAKARTA (JP): Recent calls to give civilians and military personnel an equal opportunity to be nominated as presidential candidates were supported by a minister and a former vice president yesterday. Coordinating Minister for Political Affairs and Security Soesilo Soedarman and former vice president Sudharmono agreed yesterday that there were no laws barring civilians from becoming presidential candidates.

Proud Mastrans enjoys cash bonus bonanza

Proud Mastrans enjoys cash bonus bonanza JAKARTA (JP): Whopping cash bonuses have poured into Mastrans Bandung Raya's coffer following its triumph in the Indonesian soccer league championship Sunday. The winning team was received by West Java governor Nuriana in Bandung at his office and left with a Rp 150 million (US$63,829) purse. "Please don't look at the amount. This is an expression of love to the team which has done our province proud," Nuriana said.

Twisting the wrong arm?

Twisting the wrong arm? This refers to the letter from the Australian High Commission published in The Jakarta Post on Oct. 7, 1996, in response to my earlier letter on the Comprehensive Test Ban Treaty. In brief, what I understood is that Australia thinks it is better to compromise for a half-baked CTBT than stand firm and have a really comprehensive test ban treaty.

Wang survives net practice

Wang survives net practice SURABAYA, Indonesia (AFP): Defending champion Shi-Ting Wang of Taipei survived a cascade of wayward volleys to defeat Israel's Hila Rosen 7-5, 6-3 and advance to the second round of the US$107,500 International Open on Tuesday. Wang, seeded 2, was stronger and more consistent from the baseline, but missed almost every volley she attempted. But, rather than get frustrated at her carelessness, she often broke into a smile.

Ericsson to set up facility in Indonesia

Ericsson to set up facility in Indonesia JAKARTA (JP): The Swedish telecommunications group LM Ericsson AB plans to set up in Indonesia a facility to provide software for the development of telecommunications equipment, said the company's top executive.

Observer calls for minimum penalties for drug abusers

Observer calls for minimum penalties for drug abusers JAKARTA (JP): A noted sports observer threw his weight yesterday behind the National Sports Council's appeal for minimum punishments against six athletes who failed dope tests in the recent National Games.

Decaying body found at boarding house

Decaying body found at boarding house JAKARTA (JP): A decomposing male body was found yesterday morning in a room at a boarding house on Jl. Mangga Besar IV, Taman Sari, in West Jakarta. Local police identified the fully-clothed body as Denny Agus Setiawan, a 21-year-old university student. The identification card found in the room said he was a resident of Dusun Pulosari, Rengasdengklok, Karawang in West Java. Police spokesman Maj.

Made Wianta is the soul of Balinese abstraction

Made Wianta is the soul of Balinese abstraction By Jean Couteau JAKARTA (JP): "Art is a win-win activity." Such were the words of Minister of Education and Culture Wardiman Djojonegoro on Oct. 3 when he opened Made Wianta's exhibition at Santi Gallery in Jakarta. Not only does art benefit from economic activity, he said, it also generates it. At the same time, it enhances aesthetic appreciation, and thus it also boosts cultural awareness among the general population.