Indonesian Political, Business & Finance News

Archive: 31 October 1996

50 articles found

Mar'ie calls on officials to improve their integrity

Mar'ie calls on officials to improve their integrity JAKARTA (JP): Minister of Finance Mar'ie Muhammad reiterated to ministry officials yesterday that they must improve their integrity in managing state funds. Speaking at the commemoration of the country's 50th Finance Day, the minister said that the ministry's officials should demonstrate their integrity in all aspects of their jobs.

Sampoerna cancels Astra take over plan

Sampoerna cancels Astra take over plan JAKARTA (JP): PT Handjaja Mandala (HM) Sampoerna, one of the country's largest cigarette manufacturers, has canceled its US$500 million plan to buy a 25 percent stake in PT Astra International because its minority shareholders disapproved, according to a report from Sampoerna. The company notified the Capital Market Supervisory Agency (Bapepam) on Oct. 29 that it had planned a tender offer to buy a large stake in Astra.

Cabbie killed in Priok

Cabbie killed in Priok JAKARTA (JP): A taxi driver was murdered last night in front of a container warehouse in Tanjung Priok, North Jakarta. City Police spokesman Maj. Nyoman Suriasta said local residents found the Rajawali taxi driver, identified as Suhadi, 51, dead in his cab in Jl. R.E. Martadinata. "Suhadi suffered severe stab wounds to his neck," Nyoman said. He said police are still searching for the killers. The victim, who lived on Jl. H.

Bapepam suspends 3 securities firms

Bapepam suspends 3 securities firms JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam) has suspended the operations of three securities firms and revoked two stock brokers' licenses. Agency chairman I Gede Putu Ary Suta said yesterday that the three firms should correct their faults before resuming operations.

'KNPI free to elect its chairman'

'KNPI free to elect its chairman' JAKARTA (JP): The government has promised to keep its hands off the chairmanship election of the Indonesian National Youth Committee (KNPI), a well-connected umbrella organization of youth groups. President Soeharto told Minister of Youth Affairs and Sports Hayono Isman yesterday that KNPI, currently holding their eighth congress, were free to elect their own chairman, and the government had no intention of interfering.

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.

Environment tax

Environment tax From Media Indonesia I would like to comment on the editorial: Polluter has to pay and the report entitled Environment tax on vehicles using gasoline (page one of Media Indonesia, Oct. 4). The Jakarta administration is planning to enforce an environment tax of Rp 2 per liter of gasoline. This will boost the administration's revenues tremendously. With the acquired funds, will the city purchase equipment to reduce environmental pollution?

Military to launch firearm operation

Military to launch firearm operation JAKARTA (JP): The Jakarta Agency for the Coordination of Support for the Development of National Stability (Bakorstanasda) is ready to commence firearms operations in its effort to reduce crime rates in the capital. The agency commander's Maj. Gen. Sutiyoso, who is also chief of the Jakarta Military Command, said yesterday that the target of the operation is illegal firearms and sharp weapons.

City denies report on tap water prices

City denies report on tap water prices JAKARTA (JP): The city administration has denied a report that it plans to increase tap water prices in November. An assistant to the city secretary, Prawoto Danoemihardjo, said yesterday there is no such plan and there is no report from city-owned water company PAM Jaya on the matter. "To the best of my knowledge there is no such plan and the negotiation with private investors has not yet touched on tap water fees," Prawoto said.

James Riady and foreign loans

James Riady and foreign loans In a relatively short time, Indonesia succeeded in gaining prestige. The first indication of this newly acquired prestige occurred when Indonesia was categorized as a country successful in development, which led to some restrictions being applied in the granting of loans. This was to the people's disadvantage. The second took place when it was reported that an Indonesian tycoon had paid tribute to the leader of a superpower country.

Police refuse to free suspected killer

Police refuse to free suspected killer YOGYAKARTA (JP): Police yesterday refused to release Dwi Sumaji, saying they have not completed questioning the suspected killer of journalist Fuad Muhammad Syafruddin. Yogyakarta Deputy Police Chief Col. Bani Siswono said in a letter to Dwi's lawyers at the local office of the Indonesian Legal Aid Institute, that police could not grant their request.

Kupang needs 12,000 teachers

Kupang needs 12,000 teachers KUPANG, East Nusa Tenggara: The head of the provincial office of the Ministry of Education and Culture, Johanes Cornelius Mbeo, said yesterday the province is facing a shortage of more than 12,000 teachers. Of the total figure, 3,574 teachers are needed at junior and senior high schools and 8,334 are needed to teach religious subjects, he said.

Indonesia cruises into Olympic bridge semis

Indonesia cruises into Olympic bridge semis JAKARTA (JP): Indonesia's men's team carved out a piece of history when they cruised into the semifinals of the 10th Bridge Olympics on Rhodes Island, Greece, Tuesday evening after beating the 1990 World Champion Iceland.

Azrul chairs world medical body

Azrul chairs world medical body JAKARTA (JP): Indonesian Medical Association's chairperson Azrul Azwar has been elected chairman of the World Medical Association for the 1997/1998 period. Azrul was elected during the world medical association's 48th congress held in Somerset West, South Africa on Oct. 25 and Oct. 26. The congress, which accepted two medical association members from Haiti and Uganda, declared to fight domestic abuse, which is considered a major health problem in society.

Malaysia takes stand on GSP

Malaysia takes stand on GSP By David Chew SINGAPORE (JP): Malaysia is bracing itself for a big drop in its trade with the United States when Washington withdraws its Generalized System of Preferences (GSP) status in January 1997. It has chosen this course rather than appeal to retain trading privileges, which it sees as having strings attached to them.

'No faults in handling of PRD leader'

'No faults in handling of PRD leader' JAKARTA (JP): The Attorney General's Office has said that all proper procedures were observed in the investigation of a Democratic People's Party (PRD) leader accused of subversion. Petrus Hariyanto, the PRD Secretary General, had written a letter to Attorney General Singgih complaining that he had been intimidated by his interrogators, including a military intelligence officer who dropped in at one time.

Minister Mar'ie defends exchange rate policy

Minister Mar'ie defends exchange rate policy JAKARTA (JP): Minister of Finance Mar'ie Muhammad stressed yesterday that the government will continue to pursue flexible exchange rate management to avoid the destabilizing effects of capital inflow. "We have to maintain the rupiah (exchange rate) as realistic as possible," Mar'ie told a conference of the International Association of Financial Executives Institute here.

Puncak not only cause of massive floods

Puncak not only cause of massive floods BOGOR, West Java (JP): The massive floods that often sweep through Jakarta are not caused solely by the extensive building of villas in the nearby vacation resort of Puncak, according to a Bogor administration official.

Bulog swaps land with Goro in North Jakarta

Bulog swaps land with Goro in North Jakarta JAKARTA (JP): Wholesaler PT Goro Batara Sakti is swapping its 75 hectares in Marunda, North Jakarta, for 50 hectares in Kelapa Gading, North Jakarta, owned by the National Logistics Agency (Bulog). The barter plan was announced by Bulog Chief Beddu Amang after his meeting with President Soeharto yesterday. Beddu said the Kelapa Gading site had contained one of Bulog's local warehouses.

Telkom to issue bonus shares for investors

Telkom to issue bonus shares for investors BANDUNG, West Java (JP): PT Telekomunikasi Indonesia (Telkom) will soon distribute about three million shares to Indonesian individual and cooperative shareholders as a bonus if they hold its shares for a year. The company announced yesterday the bonus shares would be distributed from the government's holding in the telecommunications company, which floated its shares on local and overseas markets in November last year. T.

Punctuality essential

Punctuality essential We have had to travel a number of times recently on Indonesia's internal air services to Bali, Semarang, Medan, Lombok and Surabaya, for example. Very few of these flights were on time. Recently, we flew to Pontianak, and Merpati managed to be late on both legs of the round trip, including a delay of more than two hours on the return flight. Indonesia is a huge and naturally rich country, rapidly earning its place among the other Asian Tigers as a modern economic power.

On teachers

On teachers Frankly, I was rather astonished at Mr G. S. Edwin's strongly worded comments (The Jakarta Post, Oct. 24) on Mr. Zatni Arbi's story on teachers (The Jakarta Post,Oct.19). Zatni's experience may have been personal, but it is not exceptional in our community. I would say that it has been rather common in the past two decades or so.

Garuda launches Jakarta-Batam-Jeddah route

Garuda launches Jakarta-Batam-Jeddah route BATAM, Riau (JP): The state-owned airline Garuda Indonesia launched its Jakarta-Batam-Jeddah, Saudi Arabia, route yesterday, becoming the first scheduled international flight via Batam's Hang Nadim international airport. The maiden flight by a DC10 aircraft departed Jakarta yesterday morning, carrying some 210 passengers including Garuda president Soepandi and Batam Authority executive chairman S. Djatmiko.

Floods, landslide hit Cilacap

Floods, landslide hit Cilacap CILACAP, Central Java: Incessant rain have been followed by floods in the town of Cilacap and the surrounding areas, causing no less than nine houses destroyed by landslides or swept by the flood. The rains, which have continued to pour down since Thursday evening, have inundated many areas in Cilacap and the nearby villages of East Panulisan and Ciwalen in the district of Dayeuhluhur. "There were no fatalities in the disaster.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 30, 1996 Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 900 0 0 AHAP Insurance 2,675 0 0 Alumindo Perkasa 775 25 55,500 Andayani Megah 1,000 0 150,500 Aneka Kimia Raya 1,325 0 4,000 Anwar Sierad 2,375 0 2,423,000 Aqua Golden Mississippi 2,825 125 145,000 Argha Karya Prima Industry 3,650 0 505,000 Argo Pantes 1,900 0 0 Asahimas Flat 1,325 -25 934,500 Asiana...

Ciputra launches Bukit Bunga

Ciputra launches Bukit Bunga JAKARTA (JP): A field of flowers in the back yard is the promise of a new housing project in east Cibubur by the Ciputra Group. "This is the first concept of its kind in the country," Harun Hajadi, the president director of the group said yesterday. The Bukit Bunga housing area is part of the Citra Indah Kota Nuansa Alam new town project. Harun said the new housing complex includes houses of 44 to 125 square meters, is strategically located given the new toll roads.

RP troops seize Moro camps

RP troops seize Moro camps ZAMBOANGA, Philippines (AFP): Government troops seized three Moro guerrilla camps after three days of heavy fighting which claimed at least 45 lives in the southern region of Mindanao, the military said yesterday.

Bridgestone's investment

Bridgestone's investment TOKYO (AFP): Japan's Bridgestone Corp. is to invest 26 billion yen (US$228 million) to boost tire production in Asia, building new plants in Indonesia and Thailand, the Nikkan Kogyo Shimbun said yesterday. In Indonesia, the major automobile tire maker plans a new plant with the daily capacity to produce tires with the rubber equivalent of 40 tons, according to the newspaper report. This plant is to be operational from 1997.

Giant container port to be built on Batam

Giant container port to be built on Batam BATAM, Riau (JP): Indoport, a British company incorporated in Indonesia, will build one of the largest container ports in Asia worth US$900 million in Kabil, Batam island. "The first phase of the port's construction is scheduled to begin early next year, following the signing of the agreement between the Batam Industrial Development Authority and the company last September," the chief of the authority, S. Djatmiko, announced yesterday.

Uber Cup vets dropped from badminton camp

Uber Cup vets dropped from badminton camp JAKARTA (JP): The Badminton Association of Indonesia announced yesterday it has included two Uber Cup veterans among 17 players to be axed from the national elite team as part of its regeneration program for the 2000 Olympics Games.

Promote sustainable tourism, says conference

Promote sustainable tourism, says conference YOGYAKARTA (JP): The International Conference on Tourism and Heritage Management ended yesterday calling for cooperation between governments and the tourist industry in promoting sustainable tourist development. The three-day conference, which started last Monday, was officially closed by Stephen Hill, director of United Nations Educational, Scientific and Cultural Organization (UNESCO), at the Radisson Hotel in Yogyakarta.

UN golf event nets Rp 1b for charity

UN golf event nets Rp 1b for charity JAKARTA (JP): A golf tournament held yesterday to mark the United Nations' 51st anniversary at Matoa Golf Course, South Jakarta, raised more than Rp 1 billion (US$431,000) for charity. The funds, collected by the Indonesian Forestry Society and from the auction of one of President Soeharto's clubs, were donated to the National Fosterparents Drive, chaired by Soeharto's daughter-in-law Halimah Bambang Trihatmodjo.

Govt estates to expand Irian palm oil output

Govt estates to expand Irian palm oil output JAKARTA (JP): Executives of 14 state-owned plantation firms, PT Perkebunan Nusantara (PTPN) I through XIV, agreed yesterday to form a consortium to expand oil palm plantations in the eastern- most province of Irian Jaya.

Government announces names of river polluters

Government announces names of river polluters JAKARTA (JP): The government announced yesterday a list of the domestic companies that cause the most river pollution. The Environmental Impact Management Agency (Bapedal), the government's environmental watchdog, disclosed the results of its re-evaluation of 120 companies, and rated them according to how they live up to their environmental responsibilities.

Dayamitra to sign $230m loan from overseas banks

Dayamitra to sign $230m loan from overseas banks JAKARTA (JP): PT Dayamitra, a developer of telecommunications networks in Kalimantan, will sign for a US$230 million loan later this week from Sanwa Bank of Japan, ING Bank of the Netherlands and other overseas banks. Dayamitra's chief commissioner, Tanri Abeng, told The Jakarta Post yesterday the loan would be used to install 237,000 telephone lines in Kalimantan by 1999.

Outside Europe, Kohl talks business, not politics

Outside Europe, Kohl talks business, not politics By Andrew Gray BONN (Reuter): Helmut Kohl may be the most influential political leader in Europe, but when he travels far beyond its shores, the veteran German chancellor means business. Kohl, famous for his many trips and talks around Europe promoting the continent's further integration, is now touring Indonesia, the Philippines and Japan to drum up contracts for a legion of German industrialists accompanying him.

PT KHI wins gas pipe contract

PT KHI wins gas pipe contract JAKARTA (JP): PT KHI Pipe Industries, a subsidiary of the state-owned PT Krakatau Steel, has won a contract worth US$74 million from the state-owned PT Perusahaan Gas Negara to supply 86,000 tons of steel pipes for a gas pipeline in Sumatra.

Bre-X of canada forges alliance with Sigit's firm

Bre-X of canada forges alliance with Sigit's firm JAKARTA (JP): Bre-X Minerals Ltd, a Canadian company controlling the world's largest single gold deposit in Indonesia, has forged a strategic alliance with PT Panutan Duta, a company owned by President Soeharto's son sigit Harjojudanto. The Business Times reported yesterday that the deal will grant Panutan a stake potentially worth C$580 million (US$609 million).

E. Indonesia and Australia

E. Indonesia and Australia Another step has been taken in Indonesian-Australian relations with the reaching of an agreement to form a working group to prepare the setting up of an Australia-Indonesia Development Area. Although it will take a considerable amount of time before this plan can be realized, it is to be hoped that the agreement will be a step forward in the two countries' economic relations.

Police guarantee safety of 'Suara Independen' suspect

Police guarantee safety of 'Suara Independen' suspect JAKARTA (JP): Police holding a suspect for defaming the President through an unofficial publication, Suara Independen, guarantee the suspect will be free from harm, a lawyer said. Arief Susijamto, one of the lawyers of Andi Syahputra, said yesterday detective Capt. Rycko Amelza Dahniel of the South Jakarta police precinct requested the lawyers to report to him if Andi was found to experience any mistreatment.

RI to adopt convention on torture soon

RI to adopt convention on torture soon JAKARTA (JP): Minister of Justice Oetojo Oesman promised yesterday that Indonesia would soon ratify the United Nations (UN) convention against torture in order to end the practice of using violence during criminal investigations. "It is not that we do not want to ratify the UN Convention, it is just that there are still some technicalities to address. All in all, in principle, we are going to ratify the convention," he said.

A present danger

A present danger Up to September, 449 people in Indonesia either had the still incurable Acquired Immune Deficiency Syndrome (AIDS), or had tested positive for Human Immunodeficiency Virus (HIV), which causes the syndrome, and 66 of them had died. This, it must be noted, is according to the latest accounts made public by the Ministry of Health. Non-governmental and international organizations put their estimates much higher.

Jakarta-Ciawi toll road

Jakarta-Ciawi toll road From Merdeka The Jakarta-Ciawi toll road seems in general safer than the Jakarta-Cikampek toll road. But when something happens on the Jakarta-Ciawi stretch, it is far more tragic than the accidents on the Jakarta-Cikampek highway. One needs only to recall the Kramatjati intercity bus that went up in flames with scores of passengers inside and the latest incident involving the armed holdup of property businessman Zainuddin Lesmana, which resulted in his death.

Two HIV cases found

Two HIV cases found KUPANG, East Nusa Tenggara: Dr. Agus Berek, the head of the provincial office of the Ministry of Health, confirmed on Monday that two prostitutes have contracted the Human Immunodeficiency Virus (HIV). The cases were found following blood tests on prostitutes. Agus told The Jakarta Post the cases put the province in the 13th position of the government's list of provinces with the most HIV and AIDS cases.

Traders' strike cripples RP city

Traders' strike cripples RP city COTABATO, Philippines (AFP): Businessmen in this southern city went on strike yesterday to protest at rampant kidnappings in the southern region of Mindanao, officials said. Schools and offices declared a holiday, retail establishments were boarded up and banks closed early to cripple this trading post and regional government center a day after a Chinese- Filipino woman was slain by suspected kidnappers.

Crossroads not safe

Crossroads not safe From Kompas Car drivers are almost always robbed of their rearview mirrors in a blatant manner in broad daylight. The situation is even worse in the evening on Jl. Cempaka Putih in Central Jakarta and on Jl. Perintis in East Jakarta during heavy rains. This usually happens when a car has to wait at a traffic light or when drivers are caught in a hopeless traffic jam. Yet, only a few meters from the above crime locations is a police post.

54 in Situbondo riot to stand trial soon

54 in Situbondo riot to stand trial soon SURABAYA (JP): Police have submitted to the Situbondo district prosecutors office dossiers on 54 people suspected of involvement in the recent riots that claimed five lives and damaged a score of churches, an officer said. East Java Police Chief Soemarsono said here yesterday the trial will be held in Situbondo. He did not say when proceedings would start.

Disparity between provinces narrows

Disparity between provinces narrows BOGOR, West Java (JP): Income disparity between the provinces may be persisting after 25 years of New Order rule, but it has declined significantly with extensive improvements in educational and health services, a World Bank official said yesterday. Jorge Garcia Garcia, a World Bank representative to Indonesia, said that although the government had improved education and health services, they must improve faster in less-developed provinces.

Sarwata replaces Soerjono

Sarwata replaces Soerjono JAKARTA (JP): Deputy Chief Justice for Military Tribunals Sarwata will be the next chief justice, replacing Soerjono who is retiring tomorrow, an informed source said yesterday. "There was a letter of notification on Tuesday from the state secretary, in which Sarwata and T.H. Ketut Suraputra had been respectively named as chief and vice chief justice," the source, who asked for anonymity, told The Jakarta Post.

Provinces need more autonomy: Consultant

Provinces need more autonomy: Consultant JAKARTA (JP): It is important for Indonesia to give greater economic autonomy to its provinces to enable them to catch up with Jakarta's prosperity, Kenichi Ohmae, a well-known Japanese management consultant, said yesterday. "It would be very good to grow the prosperity and then share it with the other regions in the context of the Republic of Indonesia," Ohmae said after addressing an international finance executives congress.