Archive: 19 November 1996
56 articles found
Tue, 19 Nov 1996, 00:00 WIB
Soaring property costs affect investors in Asia
Soaring property costs affect investors in Asia SINGAPORE (AFP): Soaring property costs have eroded the benefits of cheap labor in developing Asian countries and left some banks dangerously reliant on real-estate lending, according to a regional business consultancy. "As soon as foreign direct investors start showing real interest in a country, rents and prices for any property they might want to use start going through the roof," the Political and Economic Risk Consultancy Ltd. (PERC) said.
Tue, 19 Nov 1996, 00:00 WIB
New approach urged on East Timor
New approach urged on East Timor East Timor Bishop Carlos Filipe Ximenes Belo made headlines last week after a German magazine published his interview which allegedly putting Indonesia in a bad light. Sociologist Sardjono Jatiman looks at the issue from a wider context. Question: Bishop Belo's alleged critical remarks in Der Spiegel magazine have caused an uproar, your comments? Answer: I think it's normal.
Tue, 19 Nov 1996, 00:00 WIB
Air crash sparks safety fear in India
Air crash sparks safety fear in India By Nelson Graves NEW DELHI (Reuter): The world's deadliest mid-air collision has trained an unforgiving spotlight on flight safety in India, where economic growth has spurred travel but also burdened outdated security controls. A court of inquiry has been given three months to investigate last week's fiery collision between a Saudi jumbo jet and a Kazakh cargo plane in which 349 people died.
Tue, 19 Nov 1996, 00:00 WIB
Soeharto sets May 29 election date
Soeharto sets May 29 election date JAKARTA (JP): President Soeharto has set Thursday, May 29, as next year's general election day. Voting will take place simultaneously throughout the country on that day, the General Elections Institute announced yesterday. The decision, contained in Presidential Decree no.
Tue, 19 Nov 1996, 00:00 WIB
'Tiras' journalist attacked in Dili
'Tiras' journalist attacked in Dili DILI (JP): A journalist was beaten unconscious Sunday night by strangers mistaking him for an intelligence officer in the East Timor capital of Dili, a press report said yesterday. Gaudensius Mau, 30, who works for Jakarta-based Tiras weekly and Dili's Suara Timor Timur, was on his way to a shop when eight men attacked him. Mau said at Dili General Hospital yesterday he could not identify the men.
Tue, 19 Nov 1996, 00:00 WIB
Ministers discuss Belo's remarks
Ministers discuss Belo's remarks JAKARTA (JP): Coordinating Minister for Political Affairs and Security Soesilo Soedarman convened a meeting yesterday with ministers under his charge to discuss the contentious press remarks of East Timor Bishop Carlos Felipe Ximenes Belo. But a statement from Soesilo, traditionally given after such meetings, was not forthcoming. Armed Forces Chief Gen.
Tue, 19 Nov 1996, 00:00 WIB
Students protest army intervention
Students protest army intervention YOGYAKARTA: About 300 Gadjah Mada University students staged a protest yesterday about the military's forcible dispersion of a peaceful demonstration on the campus on Nov. 7. The students demanded rector Soekanto Reksohadiprodjo explain why he allowed the military to enter the campus grounds. The Nov. 7 demonstration, which was dispersed five minutes after it began, demanded greater freedom for the mass media. On Nov.
Tue, 19 Nov 1996, 00:00 WIB
Israel and Palestine
Israel and Palestine My letter recently in The Jakarta Post (Oct. 8, 1996) was about Israel's opening of the tunnel near Masjid Al Aqsa that has provoked some readers. It is quite normal. But let's look back to the time of the birth of Israel, May 14, 1948. Nobody could deny that its birth was marked by violence and with the help of the West. Thus, the Palestinians were victims of injustice and hypocrisy.
Tue, 19 Nov 1996, 00:00 WIB
Energy Sengkang secures loan to build power plant
Energy Sengkang secures loan to build power plant JAKARTA (JP): PT Energy Sengkang has secured a syndicated loan of US$178.9 million from foreign banks to build a 135 megawatt (MW) combined-cycle power plant and develop a gas field in Sengkang, South Sulawesi. Company president Paul Edwards said yesterday that $138.4 million of the 14-year loan would be used to construct the power plant and $40.5 million to develop the gas field.
Tue, 19 Nov 1996, 00:00 WIB
Slum area will be converted to housing and business complex
Slum area will be converted to housing and business complex JAKARTA (JP): City-owned developer company, PD Sarana Jaya, plans to convert Pademangan, a North Jakarta slum area, into a business and housing complex for middle and low income people. The company director, Kemal Basha said yesterday Jakarta Governor Surjadi Soedirdja had agreed to the plan but had not yet given written approval to the project which will start next year.
Tue, 19 Nov 1996, 00:00 WIB
RI backs Manila project
RI backs Manila project MANILA (UPI): The Indonesian government Monday expressed full support for a proposed $1.7-billion rail project in the Philippines, which is to be constructed by a consortium made up of companies from the two neighboring countries. Asia Konstruct and Indo-Phil Holdings Co. are heading the Filipino-Indonesian consortium involved in the rail project, which seeks to connect the metropolis of Manila to an adjacent province. Indonesian Ambassador to the Philippines A.
Tue, 19 Nov 1996, 00:00 WIB
Minister strips aide's power to issue mining contracts
Minister strips aide's power to issue mining contracts JAKARTA (JP): Minister of Mines and Energy I.B. Sudjana confirmed yesterday he had stripped the director general of mines, Kuntoro Mangkusubroto, of his authority to issue final contracts of work to mining contractors.
Tue, 19 Nov 1996, 00:00 WIB
Healthy young children contest
Healthy young children contest JAKARTA (JP): Jakarta will send two representatives to the national healthy young children contest. The representatives are Teguh Prastianto from South Jakarta and Tiffany Susanti from Central Jakarta. They, along with finalists from Indonesia's 26 other provinces, will compete for the Madam Tien Soeharto trophy. The participants are children between six months and five years old. The competition will take place at the Vice Presidential Palace, Jl.
Tue, 19 Nov 1996, 00:00 WIB
Where to go in Jakarta:
Where to go in Jakarta: Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Morgan's 1072 Classic Disco, Asian Force Band, Tuesday and Thursday, 9 p.m. to 12:30 a.m., Saturday: 9:30 p.m. to 1 a.m.; Acid Speed Band, Firday, 9 p.m. to 12:30 a.m.; Platinum Band, Wednesday, 9 p.m. to 12:30 a.m. * Hotel Aryaduta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Los Morenitos Vocal Group, Monday, Thursday, Sunday, 7:15 p.m.
Tue, 19 Nov 1996, 00:00 WIB
KL urges rejection of EU investment pact
KL urges rejection of EU investment pact KUALA LUMPUR (Reuter): Malaysia is urging developing countries to reject a multilateral investment agreement that is being pushed by the European Union (EU), Prime Minister Mahathir Mohamad said. Speaking late on Sunday after returning from a 16-day trip to Africa and Europe, Mahathir said the EU planned to raise the agreement at December's meeting of the World Trade Organization (WTO) in Singapore, the national news agency Bernama said.
Tue, 19 Nov 1996, 00:00 WIB
S'pore, RI hold joint exercises
S'pore, RI hold joint exercises SINGAPORE (Reuter): Singapore's top military officer said yesterday the country must be ready to cope with any threats to regional stability. Lt. Gen. Bey Soo Khiang, chief of Singapore's Defense Forces, was speaking as Singapore opened bi-annual exercises with the Indonesian navy. "From an SAF (Singapore Armed Forces) perspective, there are really no immediate threats," Bey told Reuters in an interview.
Tue, 19 Nov 1996, 00:00 WIB
Stock Exchange
Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Nov. 18, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,050 0 0 AHAP Insurance 2,675 0 0 Alumindo Perkasa 825 0 0 Andayani Megah 1,025 0 36,500 Aneka Kimia Raya 1,100 0 202,500 Anwar Sierad 2,475 -25 106,000 Aqua Golden Mississippi 3,000 100 46,500 Argha Karya Prima Industry 3,525 -75 10,000 Argo Pantes 1,750 0 0 Asahimas Flat 1,425 25 4,556,500 Asiana IMI...
Tue, 19 Nov 1996, 00:00 WIB
Bank Bali's profits to soar
Bank Bali's profits to soar JAKARTA (JP): Bank Bali's net profit is expected to increase by about 40 percent to Rp 130 billion (US$55 million) this year, up from Rp 91.60 billion in 1995, the bank's president Rudy Ramli said yesterday. Rudi said he was optimistic the net earnings projection could be achieved given the bank's encouraging financial performance in the first six months of this year.
Tue, 19 Nov 1996, 00:00 WIB
Indonesia suffers another soccer defeat
Indonesia suffers another soccer defeat JAKARTA (JP): Indonesia continued to leak goals in its European tour prior to the Asia Nations Cup finals when it crashed to a 3-0 defeat to Estonia over the weekend. The goal spree was Indonesia's third defeat in as many international friendlies played at their Italian base in Genoa. Coach Danurwindo, who is attempting to strengthen the side's defense, gave no trace of disappointment despite the loss.
Tue, 19 Nov 1996, 00:00 WIB
Deposits asked for plantations
Deposits asked for plantations JAKARTA (JP): Companies wanting to develop plantations in Central Kalimantan must deposit Rp 1 billion (US$424,000) at the province's development bank, the local authorities said yesterday. Head of the provincial agriculture office Hendry Nahan said in Palangka Raya, the province's capital, that the Rp 1 billion deposit was necessary to ensure that investors had enough funds to develop the plantations.
Tue, 19 Nov 1996, 00:00 WIB
Man gets 5 years for blasphemy
Man gets 5 years for blasphemy JAKARTA (JP): The man whose trial sparked a major religious riot in East Java last month, was sentenced to five years in jail yesterday after he was found guilty on charges of blasphemy. With security personnel on high alert, the Situbondo court in East Java, sentenced Saleh, 28, for making blasphemous comments about Islam. He did not appeal. Yesterday's sentencing passed without incident. During the Oct.
Tue, 19 Nov 1996, 00:00 WIB
Teachers' Golkar move gets cool response
Teachers' Golkar move gets cool response JAKARTA (JP): The Indonesian Teachers Association's (PGRI) recent reassertion of political loyalty to Golkar has received cool responses from two respected observers. Arbi Sanit and Arief Budiman told The Jakarta Post over the weekend the endorsement was logical because the association has been affiliated to Golkar from the outset.
Tue, 19 Nov 1996, 00:00 WIB
Flood hits Central Java
Flood hits Central Java PURWOREJO, Central Java: Floods swept through 35 villages in the Purwerejo and Kebumen regencies in Central Java over the weekend, killing one person and destroying dozens of houses. A local administrator told The Jakarta Post Sunday that 15 villages in Kebumen and 20 in Purworejo were flooded, with water levels ranging from 0.5 meter to one meter deep.
Tue, 19 Nov 1996, 00:00 WIB
Bekasi to build public cemetery
Bekasi to build public cemetery BEKASI, West Java (JP): Bekasi Regent Moch. Djamhari said yesterday billions of rupiah of obligatory funds from developers would be used to build a public cemetery. More than Rp 3 billion (US$1.2 million) has been deposited at the regency-owned Bank Pembangunan Daerah. "We will use the money to build a public cemetery in Bekasi," Djamhari said after meeting with the members of Commission 2 of the House of Representatives in his office.
Tue, 19 Nov 1996, 00:00 WIB
Hotel opens on Bangka
Hotel opens on Bangka JAKARTA (JP): A Rp 5 billion (US$2.1 million) four-star hotel opened last week at Pasir Padi beach on Bangka Island, South Sumatera, Antara reported yesterday. The Serrata hotel has 40 rooms and a swimming pool, beach- volleyball court, conference room and tennis court. The hotel's management was quoted by Antara as saying it would build 60 more rooms and a golf course to attract tourists. (04)
Tue, 19 Nov 1996, 00:00 WIB
Swindler at Bayu Asih hospital
Swindler at Bayu Asih hospital From Merdeka Some time ago, a visitor from Pabuaran, Subang district, to Bayu Asih General Hospital in Purwakarta was taken by a young man who pretended to be another hospital visitor to see a patient in room 1 of the Flamboyan sector. The encounter cost the unsuspecting visitor Rp 285,000. The swindler's age is 23 to 28 years, he has short, straight hair, his complexion is dark, and he is tall and thin.
Tue, 19 Nov 1996, 00:00 WIB
Roads in Depok
Roads in Depok From Media Indonesia Recently, I passed the Bogor administration's office in Cibinong. I noticed that a number of workers were busy building an entry gate for the office complex. Judging from the material they were using, I am sure the construction costs a great deal. It is indeed magnificent, and I would tip my hat to the Bogor government.
Tue, 19 Nov 1996, 00:00 WIB
Low-income housing
Low-income housing From Pos Kota I would like to propose to State Minister of Public Housing Akbar Tandjung to give higher priority to the construction of simple houses (RS) and very simple houses (RSS) of "type 21," with reasonable down payments and monthly installments. This will save low-income people like myself the big trouble of paying annual rent. As for the location of the complex, the minister can choose either Bogor, Tangerang or Bekasi. SUPRANOTO Jakarta
Tue, 19 Nov 1996, 00:00 WIB
City police awards 'Zarina Team' members
City police awards 'Zarina Team' members JAKARTA (JP): City Police Chief Maj. Gen. Hamami Nata presented yesterday honorary awards and cash to five police detectives for their remarkable work in bringing Ecstasy-case escapee Zarina back from the United States. The five officers are Lt. Col. Gories Mere, who led the mission, Lt. Col. Bakat Purwanto, Maj. Carlo Tewu, Capt. Tomy Watulu and First Sgt. Vivi Cangkung, the only woman on the team.
Tue, 19 Nov 1996, 00:00 WIB
Internet used to preserve nature
Internet used to preserve nature By Tom Wright JAKARTA (Reuter): An Indonesian nature reserve on the island of Java is the site of an unlikely partnership between conservation groups and two of the world's largest computer companies. Throughout this month environmentalists from four Asian countries are being trained at the Cibodas nature reserve in how to apply the latest computer technology in their fight to protect ecological biodiversity.
Tue, 19 Nov 1996, 00:00 WIB
Pakistan's interim govt makes shaky start
Pakistan's interim govt makes shaky start By Alistair Lyon ISLAMABAD (Reuter): Pakistan's caretaker government has made a wobbly start since President Farooq Leghari sacked Benazir Bhutto for alleged corruption and misrule, analysts say. Meraj Khalid, the 80-year-old politician Leghari named as interim prime minister, has reiterated a vow to hold a general election on Feb. 3, as prescribed in the constitution.
Tue, 19 Nov 1996, 00:00 WIB
Legal uncertainty concerns foreign investors: Expert
Legal uncertainty concerns foreign investors: Expert JAKARTA (JP): Foreign investors are more concerned by legal uncertainty than any other disincentives to investment, an executive said yesterday. Saiful Haq, tax division head of Prasetio Utomo Consult accountancy and management consulting company, said foreign investors did not see local income tax rates as a great disincentive.
Tue, 19 Nov 1996, 00:00 WIB
Police urged to reveal other Ecstasy cases
Police urged to reveal other Ecstasy cases JAKARTA (JP): The House of Representatives wants police to have success in Ecstasy-related cases after bringing suspect Zarina home from her hideout in Houston, U.S. Abu Hasan Sazili, deputy chairman of the Commission I of the House, said Zarina's return from Houston to Jakarta on Sunday relieved everyone. Police should work harder to reveal other Ecstasy-related cases, he said.
Tue, 19 Nov 1996, 00:00 WIB
RP joins watchdog group
RP joins watchdog group MANILA (UPI): The Philippines has joined an international watchdog group set up to stop market manipulation and illegal dealings in stock exchanges in the region, officials said yesterday. The Philippines has been named one of the founding members of the Asia Pacific Market Surveillance Group, together with the Hong Kong Securities and Exchange Commission, the Thai Securities and Exchange Commission and the Securities and Exchange Commission of Taipei.
Tue, 19 Nov 1996, 00:00 WIB
TV poor substitute for storytelling, expert says
TV poor substitute for storytelling, expert says JAKARTA (JP): Television and video are fast replacing the traditional bedtime story for toddlers, but they are a poor substitute to parents in stimulating creativity and intelligence, a pediatrician said yesterday. Jimmy Passat of the University of Indonesia's School of Medicine said reading books to children is becoming a thing of the past as parents become too busy with work.
Tue, 19 Nov 1996, 00:00 WIB
Manila has tight security ahead of APEC meeting
Manila has tight security ahead of APEC meeting MANILA (AFP): Philippine forces imposed a security clampdown around key areas yesterday to ensure that the country's hosting of the Asia-Pacific Economic Cooperation (APEC) forum meetings goes without a hitch. Intelligence sources confirmed that advance security teams for the various heads of state attending the meeting, had begun arriving in the country.
Tue, 19 Nov 1996, 00:00 WIB
Pelni operates new ship to ship to serve Jakarta-Medan
Pelni operates new ship to ship to serve Jakarta-Medan JAKARTA (JP): The state-owned PT Pelni shipping company will start sailing a new passenger liner, Bukit Siguntang, later this week to link Jakarta and Medan with 25-percent discounted fares for the next two weeks. The ship, the 17th in Pelni's passenger fleet, was built by Jos L. Meyer GmbH & Co. of Germany with finance from the German government.
Tue, 19 Nov 1996, 00:00 WIB
Human rights commission to open office in Irian
Human rights commission to open office in Irian JAKARTA (JP): The National Commission on Human Rights is planning to open its second branch office, in Irian Jaya, according to Munawir Sjadzali, chairman of the body. Sjadzali, however, did not indicate when the office might open. He said the commission would first settle the manpower problems dogging the East Timor office, the first opened outside Jakarta, Antara reported.
Tue, 19 Nov 1996, 00:00 WIB
MAS airlines may need small rights issue for cash
MAS airlines may need small rights issue for cash KUALA LUMPUR (AFP): Malaysia Airline System Bhd (MAS) could opt for a "small rights issue" to raise cash to part-finance purchase of 25 new Boeings due to arrive over the next five years as it expands its fleet.
Tue, 19 Nov 1996, 00:00 WIB
Lippoland declares Rp 60 dividend
Lippoland declares Rp 60 dividend JAKARTA (JP): The annual shareholders' meeting of publicly- listed Lippoland Development yesterday approved management's proposal to pay a Rp 14.9 billion dividend, or Rp 60 (2.5 U.S. cents) a share, for the financial year which ended in June. The company's newly-elected president Eddy Sundoro said the shareholders also endorsed a proposal to split the nominal value of the shares to Rp 500 from Rp 1,000. The stock split will double the number of shares.
Tue, 19 Nov 1996, 00:00 WIB
PLN signs power deals with two private firms
PLN signs power deals with two private firms JAKARTA (JP): The state-owned electricity company, PLN, has signed two power purchase agreements with PT East Java Power, and PT Makasar Power, and will build two natural gas-fired power plants, with a combined capacity of 560 megawatts (MW).
Tue, 19 Nov 1996, 00:00 WIB
Habibie's strategy
Habibie's strategy Recent disagreements on Habibie's suggestions have reached an annoying stage. As an economist/sociologist, I can understand both views. However, I'm not sure if lay Indonesians understand the points. What I am sure of is every Indonesian agrees on the role of Indonesian economists in achieving a sound economy. But their disagreement to Habibie's hypotheses seems a little too narrow. Have significant successes in economic development been thoroughly analyzed?
Tue, 19 Nov 1996, 00:00 WIB
Half of PPD's bus fleet damaged in student brawls
Half of PPD's bus fleet damaged in student brawls JAKARTA (JP): The state-run PPD transportation company yesterday disclosed almost half its fleet had been damaged by brawling students in the last nine months. The company's spokesman, Moch. Khamin Busro said the damage on 532 buses, from a total of the 1,196 owned by PPD, had caused total losses of around Rp 110 million (US$46,630).
Tue, 19 Nov 1996, 00:00 WIB
Investment in Malaysia up
Investment in Malaysia up KUALA LUMPUR (AFP): Foreign investment in Malaysia reached 21 billion ringgit (US$8.4 billion) in the eight months to August, higher than the 20-billion-ringgit mark reached for all of last year, an investment official said Sunday.
Tue, 19 Nov 1996, 00:00 WIB
More Malaysian border disputes likely to surface
More Malaysian border disputes likely to surface JAKARTA (JP): While sighs of relief recently met Jakarta and Kuala Lumpur's concurrence to arbitrate the long-standing dispute over Sipadan and Ligitan islands, legislators warned yesterday of other conflicting claims with neighboring Malaysia. Legislator Krissantono during a plenary meeting of the House of Representatives pointed to Sibatik Island as the next likely border dispute between Indonesia and Malaysia.
Tue, 19 Nov 1996, 00:00 WIB
RI wrestling body to groom squad of 40 for SEA Games
RI wrestling body to groom squad of 40 for SEA Games JAKARTA (JP): The Indonesian Wrestling Association has named 40 athletes to attend its initial national training program for the 19th SEA Games here next year. TH Butar-butar, project officer of the wrestling body, said after a consultative meeting with the National Sports Council that all the recruits, who were top performers in the recent National Games, will undergo an intensive program for 11 months.
Tue, 19 Nov 1996, 00:00 WIB
House members urge synergy for industrial estates
House members urge synergy for industrial estates JAKARTA (JP): More House members and officials have supported a suggestion for better coordination and cooperation between the central government and local administrations in expediting land acquisition procedures for industrial estates.
Tue, 19 Nov 1996, 00:00 WIB
Tax receipts from dogs
Tax receipts from dogs JAKARTA (JP): North Sumatra's Karo regency has collected more tax from dog registrations than from advertising taxes and industrial licenses. According to the Karo revenue office, tax collected from dog registrations in the first six months of the current fiscal year (starting April) reached Rp 1.3 million (US$555), while advertising taxes were only Rp 695,000.
Tue, 19 Nov 1996, 00:00 WIB
UMNO to study PAS merger offer
UMNO to study PAS merger offer KUALA LUMPUR (AFP): Malaysia's ruling party said yesterday it wanted to determine the motive behind fundamentalist Parti Islam's (PAS) offer to form a coalition government in northeastern Kelantan state. Deputy Prime Minister Anwar Ibrahim, who is also the deputy president of the United Malays National Organization (UMNO), said the merger would be difficult if PAS imposed conditions.
Tue, 19 Nov 1996, 00:00 WIB
Jail guard denies police report over car bribe
Jail guard denies police report over car bribe JAKARTA (JP): A senior prison guard being tried over his involvement in businessman Eddy Tansil's escape denied yesterday in court a police report he was promised a Kijang van for masterminding the businessman's escape.
Tue, 19 Nov 1996, 00:00 WIB
New taxi permits issued for firms willing to merge
New taxi permits issued for firms willing to merge JAKARTA (JP): Deputy Governor for Economic and Development Affairs TB Rais said yesterday the city administration would issue permits for new taxi businesses, but only if it involved a merger with an established company. "The city administration has decided the number of taxis operating in Jakarta in 1996 should not exceed 20,000," he said. He made it clear the administration would still endorse applications for new permits.
Tue, 19 Nov 1996, 00:00 WIB
PAL to suffer more losses
PAL to suffer more losses MANILA (AFP): Losses will dog Philippine Airlines Inc. (PAL), which has embarked on an ambitious program, for the next two years, company officials were quoted as saying yesterday. The BusinessWorld daily quoted PAL president Jose Antonio Garica as saying that "at the end of this year and next year, we still expect losses, probably more than what we posted last year." Garcia said that in the third year, the airline might just break even.
Tue, 19 Nov 1996, 00:00 WIB
RP modernization to spur industry
RP modernization to spur industry MANILA (AFP): The modernization of the Philippine military will help spur the build up of local industries through countertrade, co-production and other arrangements, President Fidel Ramos said yesterday.
Tue, 19 Nov 1996, 00:00 WIB
Shrimps die of pollution
Shrimps die of pollution JEPARA, Central Java: Shrimp farmers along Central Java's northern coasts are likely to suffer losses of about Rp 12.4 billion (US$5.2 million) because their shrimps are dying from viruses and pollution. Central Java governor Soewardi said a total of 4,600 hectares of shrimp ponds have been affected in Brebes, Kendal, Jepara, Demak, Semarang and Pati.
Tue, 19 Nov 1996, 00:00 WIB
Kalla to build power plants
Kalla to build power plants JAKARTA (JP): PT Kalla Electrical System (KES) and Canadian Hydro plan to jointly develop 20 small hydro-power plants in South Sulawesi next year. KES president Harry Poernomo said yesterday an agreement with the Canadian firm to develop the hydro-power plants would be signed later this month. Harry said KES, a voltage regulator manufacturer, also planned to produce electrical cables for the province's electronics market. (hen)
Tue, 19 Nov 1996, 00:00 WIB
Cooperatives told to get into business
Cooperatives told to get into business JAKARTA (JP): Chairman of the Indonesian Cooperatives Council Sri-Edi Swasono said yesterday the country's cooperatives must become more self reliant to serve their members effectively. Sri-Edi said cooperatives could empower themselves by buying shares in related companies and developing partnerships with them. The tobacco and clove cooperatives had achieved a degree of self-reliance by securing shares in cigarette companies, he said.