Indonesian Political, Business & Finance News

Archive: 8 October 1996

47 articles found

RI-Malaysia to take Sipadan rift to ICJ

RI-Malaysia to take Sipadan rift to ICJ JAKARTA (JP): Indonesia's President Soeharto and Malaysian Prime Minister Mahathir Mohamad agreed in Kuala Lumpur yesterday to settle their dispute over the Sipadan and Ligitan Islands through the International Court of Justice (ICJ). Indonesian State Minister/State Secretary Moerdiono told journalists that Soeharto and Mahathir took 90 minutes before reaching the agreement.

Indonesia rejects new scoring system

Indonesia rejects new scoring system JAKARTA (JP): Indonesia will never approve any plans to change the scoring system of badminton, the Secretary-general of the Badminton Association of Indonesia RAJ Gosal said yesterday. He said that changing the established best-of-three games system was unfeasible because it would uproot the overall makeup of the sport. "Badminton with its current scoring system remains an attractive game.

Pertamina signs 7 oil contracts with private firms

Pertamina signs 7 oil contracts with private firms JAKARTA (JP) The state-owned oil company Pertamina signed five production-sharing contracts yesterday for oil and gas exploration and production with foreign companies and technical assistance contracts with two domestic firms.

Ecstasy incident embarrassing

Ecstasy incident embarrassing From Bisnis Indonesia The incident involving the Garuda pilot who attempted to smuggle 8,000 Ecstasy pills from Schiphol Airport, Amsterdam, is really embarrassing Indonesia. The pilot was reportedly treated in an inhuman way. But, with all due respect for nationalism, his was an irresponsible act which must have profoundly embarrassed the Garuda corps and the national airline. It encompasses the whole country. Even as a senior pilot, he acted immorally.

Stickup on minibus

Stickup on minibus From Media Indonesia Holdups are happening on public buses again. Recently my college-going child became a victim. The incident happened on Thursday, Sept. 26, 1996, around 6:30 a.m. on minibus B-91, which plies the Tanah Abang-Batusari route. When the bus arrived at the Cemara bus stop from Batusari, three young lads boarded the bus. When the vehicle neared Pasar Patra, the youngsters threatened those on board with machetes.

Settling a sibling row

Settling a sibling row If two siblings are fighting over two pies, the solution is obvious: each gets one. If two nations are fighting over two small islands however, the solution, unfortunately, may not be as simple. Despite 27 years of trying, Indonesia and Malaysia have not been able to resolve the riddle of Sipadan and Ligitan -- two islets off the Indonesian province of East Kalimantan.

Mayor warns E. Jakarta residents of floods

Mayor warns E. Jakarta residents of floods JAKARTA (JP): East Jakarta Mayor Sudarsono warned people living along the banks of the Ciliwung, the Cipinang and the Sunter rivers to evacuate as soon as possible in anticipation of wet-season floods. "I urge all people whose houses were flooded or affected earlier this year not to wait until another big flood comes," Sudarsono said in the Jatinegara district yesterday.

Sampoerna shares drop 5.9% in one day on foreign selling

Sampoerna shares drop 5.9% in one day on foreign selling JAKARTA (JP): The price of PT HM Sampoerna shares dropped by 5.9 percent yesterday on foreign investors' weakening sentiment, but dealers were uncertain of the major trigger for the decline. Sampoerna shares on the Jakarta Stock Exchange (JSX) closed down by Rp 1,325 (56 U.S. cents) at Rp 21,125 yesterday.

Defense council suggests limiting outdoor campaigning

Defense council suggests limiting outdoor campaigning JAKARTA (JP): The National Council for Defense and Security, which was recently commissioned by President Soeharto to draw up new rules for election campaigning, has suggested limiting outdoor campaign rallies. Pointing out that campaign rallies often turned violent, the council's secretary-general, Lt. Gen. (ret) Soekarto, said yesterday that rallies should still be allowed but with strict limitations.

Alatas to get honorary degree

Alatas to get honorary degree SEMARANG: Diponegoro University is to award an honorary doctorate to Minister of Foreign Affairs Ali Alatas next week for his outstanding role in boosting Indonesia's image overseas. The degree will be bestowed when the state university celebrates its 40th anniversary on Oct. 15, rector Muladi told journalists yesterday.

RC Motorsport to hire Ananda

RC Motorsport to hire Ananda JAKARTA (JP): Ananda Mikola is to become the first Indonesian driver to be recruited by Italy's leading Formula-Three team, RC Motorsport, for next year's European and Asian F-3 championship series. The 17-year-old, who finished fifth in last year's Formula Asia championship, finished 11th in the ninth leg of the F-3 Italian Championship at the Mizano circuit, Santa Monica, late last month. A slip near the finish cost him a place in the top five.

Baby with HIV draws public sympathy

Baby with HIV draws public sympathy JAKARTA (JP): Recent reports about an unidentified baby who contracted Human Immunodeficiency Virus (HIV) from its mother tugged at laypeople's heartstrings. Several people interviewed by The Jakarta Post expressed sympathy and concern about the first baby to be registered as HIV victim last month. A book shop attendant at the Senen shopping center in Central Jakarta said he never heard about HIV-positive baby before. "I know about AIDS...

Japan's Sharp Corp. raising production in RI

Japan's Sharp Corp. raising production in RI By Hendarsyah Tarmizi TOKYO (JP): Japan's Sharp Corporation is preparing to open and build more factories in Indonesia to tap its growing market for consumer electronics. Corporate Senior Executive Vice President Yutaka Wada said here last week that the company would open a semi-conductor factory in Karawang, West Java, later this month, and that the corporation was building other factories to increase production.

RI sends team for world canoe polo

RI sends team for world canoe polo JAKARTA (JP): Seven Indonesian canoers will take part in the World Canoe Polo Championships in Adelaide, Australia from Oct. 9 to Oct. 13. M. Ashidiq, Indonesian coach and team manager, said yesterday his athletes were aiming for third place in their debut. Ashidiq said that although the team had only a month of preparation, it was ready for the championships. Defending Asian champion Indonesia will face strong opposition from Japan, China Taipei and Hong Kong.

RI woman the first SE Asian to conquer Mount Everest

RI woman the first SE Asian to conquer Mount Everest JAKARTA (JP): Clara Sumarwati became the first Indonesian, and the first Southeast Asian, to reach the 8,848-meter summit of Mt. Everest when she planted the Indonesian flag into the snow-capped peak on Sept. 26. "We have succeeded in conquering Everest! My dream has come true.

University choir revives 15th century madrigals

University choir revives 15th century madrigals By Arif Suryobuwono JAKARTA (JP): The Parahyangan Catholic University choir of Bandung, West Java took listeners on a lively journey from the 15th century madrigals to modern times during unaccompanied voices (a cappella) performances on Friday and Saturday at Erasmus Huis, the Dutch cultural center in Jakarta.

Norwegian PM urges ASEAN to press Myanmar on rights

Norwegian PM urges ASEAN to press Myanmar on rights BANGKOK (Agencies): Norwegian Prime Minister Gro Harlem Brundtland yesterday urged ASEAN countries to put more pressure on Myanmar to respect human rights and democracy, indicating growing impatience with the "constructive engagement" policy.

Tjiwi Kimia to issue bonds

Tjiwi Kimia to issue bonds JAKARTA (JP): PT Tjiwi Kimia, a publicly-listed paper producer of the Sinar Mas Group, said yesterday that it will issue bonds worth Rp 200 billion (US$85 million) to repay its debts. The company said in a statement that 70 percent of the total proceeds will be allocated for refinancing its short term debts and the remaining 30 percent for repaying its long term debts. The bonds will have a five-year maturity with a fixed interest rate.

Govt tries new approach on Timika resettlement

Govt tries new approach on Timika resettlement JAKARTA (JP): The government is trying a "social approach" to win Irian Jaya natives' hearts so they will accept resettlers from other provinces in Timika subdistrict. Minister of Transmigration Siswono Yudohusudo said yesterday the development of a resettlement site in the eastern Timika district of Mimika has begun with the renovation of the natives' villages.

PT. Pelni to acquire new ship

PT. Pelni to acquire new ship JAKARTA (JP): German shipmaker Meyer Shipyard will deliver the passenger vessel Bukit Siguntang to Indonesia in the German port city of Papenburg on Oct. 12, the Indonesian embassy in Bonn announced yesterday.

Defendant outraged over verdict

Defendant outraged over verdict JAKARTA (JP): A man convicted for assisting in the murder of a businessman in North Jakarta flew into a rage yesterday when the judge handed down a nine-year prison sentence for the crime. Tjen Piu, also known as Opiu, stood up from his chair and smashed it on the floor after hearing the verdict, and shouted "injustice" to the North Jakarta court, presided over by Suwardi. The sentence is two years longer than the prosecutor demanded.

Tribal people need serious care

Tribal people need serious care KENDARI, Southeast Sulawesi: An estimated 1.1 million tribal people need serious attention from the government to improve their living conditions, an official said yesterday. Masri Singarimbun said in a workshop over the weekend that the tribal people consist of more than 214,400 families and live in remote areas in 18 provinces across Indonesia.

Communist belts scare Banyumas

Communist belts scare Banyumas PURWOKERTO, Central Java: The police have arrested a 32-year- old trader on charges of selling belts with buckles bearing the communist hammer-and-sickle symbol. Col. Bambang Munarso, chief of the Banyumas police command, said yesterday that the authorities are tracking down a resident of Medan, North Sumatra, whom they suspect of supplying the belts.

Jakarta supports KL's idea on bridge

Jakarta supports KL's idea on bridge KUALA LUMPUR (AFP): Indonesian President Soeharto agreed in talks here yesterday with Malaysian Prime Minister Mahathir Mohamad to consider building a bridge to link the Malaysian peninsula with north Sumatra. They also agreed to study Indonesia's proposal that ships use an alternate shipping route through the South China Sea to Japan to ease congestion in the narrow Strait of Malacca between Indonesia and Malaysia.

Don't politicize religions, says Gen. Feisal

Don't politicize religions, says Gen. Feisal JAKARTA (JP): Armed Forces (ABRI) Chief Gen. Feisal Tanjung warned social groups yesterday against politicizing religions, citing the risk of national disunity.

Birds' habitat in danger

Birds' habitat in danger AMBON, Maluku: The forest reserve on the Halmahera island, which is a well-known home to numerous species of birds, is under threat from unchecked logging, a local official said yesterday. Hings Abdillah Karim, chief of the provincial forestry office, said the logging involves not only villagers but also businessmen and local government officials.

Stop soccer hooliganism: City police

Stop soccer hooliganism: City police JAKARTA (JP): Jakarta Police Chief Maj. Gen. Hamami Nata yesterday called on authorities outside Jakarta to be selective when sending soccer fans to the capital to watch their home teams play. Some officials actively encourage people to travel to Jakarta to support their teams.

'Pokoke...' reflects an antireason mentality

'Pokoke...' reflects an antireason mentality By Mochtar Buchori JAKARTA (JP): Pokoke... , or roughly "in principle", is a Javanese expression denoting a very determined resolution, not to be changed by any power on earth; neither by the power of reason, nor by brute force. This expression also denotes a readiness to execute a resolution by any means, using the dirtiest trickery if necessary.

PT Telkom defends long-distance policy

PT Telkom defends long-distance policy JAKARTA (JP): The state-owned domestic telecommunications provider PT Telkom will not alter its new discount long distance phone call period, which begins two hours later and is two hours shorter than before. Telkom president Asman A. Nasution told a hearing with House Commission V for transportation, post and telecommunications affairs yesterday that the new 11 p.m. to 6 a.m. period was launched to help improve services and not to generate more profit.

PPP faction urges public consultation on alcohol decree

PPP faction urges public consultation on alcohol decree JAKARTA (JP): The United Development Party faction on the City Council is urging the Home Affairs Ministry to hold consultation dialogs with the public before approving a provincial decree on alcohol distribution controls. The deputy chairman of the faction, Saud Rahman, said yesterday that the decree approved by the City Council on Sept. 4 has apparently caused unrest, especially among Moslem communities.

Genting discovers gas in Irian Jaya

Genting discovers gas in Irian Jaya KUALA LUMPUR (Reuter): Malaysian casino operator Genting Bhd said yesterday that its wholly-owned subsidiary, Cairns Ltd, has made a gas discovery in its Muturi concession in north west Irian Jaya, Indonesia. Cairns holds a 45 percent stake in the concession, while British Gas Exploration and Production, a unit of British Gas Plc, controls 50 percent. The balance 5 percent is held by Indonesia's PT Saptapetra Wisesa.

Babies born safely

Babies born safely BANDUNG (JP): Twenty-seven-year-old Elidawati gave birth yesterday to Indonesia's first quintuplets through cesarean section at Borromeus Hospital. The babies -- two males and three females -- were born in the 32nd week of pregnancy within a one-minute interval of each other during the 45-minute operation. Obstetricians/gynecologists Eddy Haswidi and Duddy Natraprawira said the babies and their mother were in good condition. The babies' weight and height, respectively, were 1.

Seminar on geology planned

Seminar on geology planned JAKARTA (JP): The City Mining Agency plans to hold a one-day seminar on geology, which will discuss, among other things, drainage, the subway and land reclamation. Governor Surjadi Soedirdja will open the seminar, which will feature local experts as speakers and moderators. Arifin Akbar, the head of the agency, said yesterday that the seminar is very important in connection with development in the capital.

Bakrie project in Uzbekistan

Bakrie project in Uzbekistan JAKARTA (JP): PT Bakrie Communications Corporation, a subsidiary of the diversified Bakrie Group, has installed 30,000 telephone lines in Samarkand, Uzbekistan Republic, the group announced yesterday. The new telephone lines were activated yesterday by the group's chairman Aburizal Bakrie and Samarkand Governor Matiev A.M. in Samarkand, Uzbekistan's tourist zone.

Drug firms want patent law delayed

Drug firms want patent law delayed JAKARTA (JP): The government's plan to enforce the revised patent law by January has unnerved the local pharmaceutical industry, which is still almost entirely dependent on imported raw materials. The Association of Indonesian Pharmaceutical Manufacturers urged the government Saturday to delay the law's enforcement, saying that its members are not ready to face the restrictions.

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.

President to dedicate new plant

President to dedicate new plant JAKARTA (JP): President Soeharto is scheduled to dedicate tomorrow the country's first phosphate plant. The plant, located in Ciamis, West Java, is owned by PT Istana Kanematsu Indonesia. Istana Kanematsu's president, Julindo S.A., said the company is 60 percent owned by PT Elang Tanah Mas and 40 percent by Japan's Kanematsu Corporation.

Prison guard rejects charge in Tansil case

Prison guard rejects charge in Tansil case JAKARTA (JP): A staff member of the Cipinang penitentiary rejected yesterday the accusation that he took part in a plot to let businessman Eddy Tansil escape last May in return for money. "I was simply following an order from my superior," the defendant, MH, told the East Jakarta District Court during cross- examination yesterday.

Garlic smugglers arrested

Garlic smugglers arrested TANGERANG, West Java (JP): Two truck drivers who were transporting five tons of garlic were apprehended Sunday evening in the Teluk Naga district. The lading documents stated that the trucks, with Medan license plates, carried cow hides, Lt.Col. Iman Haryatna, the Tangerang police chief, said yesterday. "The documents were aimed at fooling inspectors," Iman said. A resident of the Dadap Indah housing area, Krisno, was also arrested following reports from neighbors.

Father Sandyawan

Father Sandyawan In response to B. Ajie Kawentar's letter of Sept. 23, I appreciate the noble moral qualities of Father Sandyawan but would like to make several points: * Sandyawan must abide by Indonesia's penal code. Sheltering a "wanted" person is a punishable offense (not only in subversion cases, as you seemingly misinterpreted, but also in civil and criminal cases).

RI won't offer concessions to Japan, EU over car dispute

RI won't offer concessions to Japan, EU over car dispute JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo said yesterday that Indonesia will not offer any concessions to Japan or the European Union (EU) to settle their disputes over Jakarta's national car policy.

KONI identifies Games drug users

KONI identifies Games drug users JAKARTA (JP): The National Sports Council (KONI) disclosed yesterday the names of the six athletes who failed their dope tests at the 14th National Games here last month and stripped the medal winners of their prizes. Chairman of the council Wismoyo Arismunandar told a press conference that three of the guilty athletes came from shooting, a sport which requires little muscular effort. Three of the drug abusers were members of the host Jakarta team.

Dutch police investigate RI embassy employee

Dutch police investigate RI embassy employee JAKARTA (JP): The Ministry of Foreign Affairs said yesterday it was looking into a Dutch press report which suggested that an employee of the Indonesian embassy in The Hague was involved in an Ecstasy syndicate. "We're going to check the report," the ministry's director for information, Gafar Fadhyl, told Antara yesterday.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Oct. 7, 1996 Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 1,100 0 0 AHAP Insurance 2,675 0 0 Alumindo Perkasa 675 -25 22,500 Andayani Megah 1,025 0 35,000 Aneka Kimia Raya 1,225 0 0 Anwar Sierad 2,175 0 528,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,250 125 1,853,000 Argo Pantes 1,900 0 0 Asahimas Flat 1,450 -25 1,262,000 Asiana IMI...

Dharmala to issue $200m FRN

Dharmala to issue $200m FRN JAKARTA (JP): Dharmala Intiutama International B.V. signed an agreement, arranged by Peregrine Fixed Income Limited, with a number of investors yesterday to launch US$200 million worth of guaranteed floating rate notes (FRN). "About 60 percent of the proceeds will be used to replace the short term obligations of the company and the loans which have relatively high interest rates.

Labor unions urged to be self-financing

Labor unions urged to be self-financing JAKARTA (JP): A labor unionist urged labor organizations yesterday to be more financially independent to improve their ability to bargain. Thomas Thomas, general secretary of Singapore Shell's employee union, suggested the idea at a three-day regional seminar called Prospects of Collective Bargaining in the Era of Globalization.

RP economic reforms paying off

RP economic reforms paying off By Cecilia Quiambao MANILA (JP): After a spate of false starts, the Philippines appears to be moving toward a period of sustained high growth, analysts say. The previously sheltered economy has begun to reap the fruits of bold policy reforms. The gross national product (GNP) surged 7.06 percent from the previous year in the first half of 1996, when the gross domestic product (GDP) also advanced 5.05 percent, compared to a 4.8 percent increase for the whole of 1995.