Indonesian Political, Business & Finance News

Archive: 19 December 1996

Showing 1-50 of 67 articles

Banjar Wijaya housing complex

Banjar Wijaya housing complex From Bisnis Indonesia I would like to comment on the advertisement published in Kompas, Dec. 17, 1996 concerning the Banjar Wijaya housing complex. In fact, I am one of hundreds of consumers who bought houses in that complex after reading an advertisement in Kompas in 1992. In reality, however, the complex is far from being convenient. For example, the ad said the houses in the complex were of the best quality.

Thai police gets new chief

Thai police gets new chief BANGKOK (AFP): A Thai police committee yesterday appointed Pracha Promnok as chief of the country's troubled police force, reports said. Pracha, who has been acting police chief since his predecessor was effectively dismissed last week, was appointed by a police committee headed by Interior Minister Sanoh Thienthong, a radio report said.

PT Daya Guna to use satellite for fishing

PT Daya Guna to use satellite for fishing JAKARTA (JP): Publicly listed fishing company PT Daya Guna Samudera is planning to use the National Oceanic and Atmospheric Administration's (NOAA) satellite to detect fish in eastern Indonesian waters through an upwelling process.

Insurance deficit predicted to double

Insurance deficit predicted to double JAKARTA (JP): This year's current account insurance services deficit could double from last year to about Rp 1.5 trillion (US$646.55 million), an insurance analyst said yesterday. The Indonesian Council of Insurance's chairman, B. Munir Sjamsoeddin, said last year's deficit in insurance services amounted to Rp 826.15 billion, up 80.9 percent on 1994. Munir said the insurance deficit had increased steadily in the last six years.

The nominees for this year's festival

The nominees for this year's festival Best sinetron: Drama: Bayangan Menembus Tirai (The Shadow on the Curtain), produced by PT Sirapitulas Graha Sinema Di Balik Pusaran Awan (Behind the Cloud's Circle) by PT RCTI Jangan Ada Dusta Di Antara Kita (No Lies Between Us) by PT Modulasri Griya Produksi Norma by PT Sirapitulas Graha Sinema Vonis Kepagian (Premature Verdict) by PT Modulastri Griya Produksi Drama series: Anakku Terlahir Kembali (My Baby is Reborn) by PT Tripar Multivision Plus Balada...

Experts advise brain drain for Indonesia

Experts advise brain drain for Indonesia JAKARTA (JP): Overseas university and school graduates should rush the foreign job markets rather return home to outdo their domestic competitors, educational observers agreed yesterday. Thoby Mutis, Director of the Post-graduate Program at Trisakti University, said yesterday the race for jobs would be unfair if it pitted domestic against overseas graduates.

Indonesia to compete in HK-Osaka race

Indonesia to compete in HK-Osaka race JAKARTA (JP): Indonesia is to be one of the 14 participating nations in the Hong Kong-Osaka International Yachting Race in March next year, an organizer said. The countries provisionally set to compete in International Sail Osaka 97 are China, Japan, Britain, Mexico, Poland, Indonesia, Russia, the Netherlands, U.S.A., New Zealand, Denmark, Australia, France and Italy.

Human rights commission regains society's favor

Human rights commission regains society's favor The government recently charged the human rights body with having overstepped its boundary by becoming directly involved in investigating cases it is probing. However, a minister retracted the accusation this week to the relief of many. Sociologist Mochtar Mas'oed shares his view.

13 foreigners deported

13 foreigners deported BANJARMASIN, East Kalimantan: Immigration authorities during the period between Sept. 1995 and April 1996 deported 13 foreigners for various violations, Antara reported yesterday. Immigration office head Rudhy Chaidir said most of the foreigners had misused their stay permits. Nine of the deported foreigners were from China, the rest were Australian, Malaysian, German and Myanmarese. (swe)

Trip to Krakatau

Trip to Krakatau I am writing to warn the public about a tour company (Pandawa/Ivia Tours) advertising a trip to Ujung Kulon and Krakatau. I recently went on this trip, and was subjected to danger and recklessness. We had expected quality service since our guide, Mr. Handoyo, is also the manager of the company. But from the beginning of the trip, it was obvious the guide was unqualified, having to constantly ask for directions to Labuan.

Bira denies share sales

Bira denies share sales JAKARTA (JP): Publicly listed Bank Bira denied reports yesterday that General Electric Capital purchased bank shares. The bank said in a statement that the report was inaccurate. "At this time, the bank is still in discussion with several parties. When an agreement is reached it will be announced promptly," the bank's statement said. According to media reports, the U.S.-based GE Capital bought 10 percent of Bank Bira's shares. The reports said that three U.S.

Civil servants duped

Civil servants duped From Merdeka Minister of Transmigration Siswono Yudohusodo has reported to President Soeharto the scam by a number of housing developers for civil servants who have made down payments for houses. (Merdeka, Dec. 17). The duped customers are from Siswono's ministry and the National Family Planning Board. With Rp 1 million per head, the money collected reached Rp 2.5 billion.

Foreign investment projects up 20%, value down 25%

Foreign investment projects up 20%, value down 25% JAKARTA (JP): The government approved 959 foreign direct investment projects between Jan. 1 and Dec. 15 this year, up 20 percent on the same period last year, but the value dropped 25 percent to US$29.9 billion. State Minister of Investment/Chairman of the Investment Planning Board Sanyoto Sastrowardoyo said this yesterday after meeting President Soeharto at the Bina Graha presidential office.

Builder responsible for falling billboard

Builder responsible for falling billboard JAKARTA (JP): The building contractor which put up the billboard that collapsed killing a person and injuring four others was responsible for the accident, an advertising expert said Tuesday. The advertising agency which put up the Ramayana department store billboard was not responsible for putting up the billboard, said Koes Poedjianto, the director of Binamark advertising agency, yesterday.

Should RI forge ties with Israel?

Should RI forge ties with Israel? By Riza Sihbudi JAKARTA (JP): On his return from a visit to Jordan last month, President Soeharto appealed to Indonesia's Moslem community to perform haj pilgrimage, the fifth tenet of Islam, only once. The number of Indonesian haj candidates has been increasing over the years beyond the quota set by the Saudi government. The President has recommended instead that Indonesian Moslems step up their umrah pilgrimage during the fasting month, Ramadhan.

Three die in ferry mishap

Three die in ferry mishap MEDAN, North Sumatra: Dozens of people are missing and three have been found dead when a wooden ferry hit floating logs and sank in the Berombang River, Labuhan Batu regency of North Sumatra Tuesday. Antara reported local police said yesterday the ferry, with carrying capacity of 50 tons, had been sailing the river to Tanjung Sarang. It smashed into some logs and was shattered. The agency gave no further details.

Churches concerned about selfishness

Churches concerned about selfishness JAKARTA (JP): The Indonesian Communion of Churches and the Indonesian Bishops Conference expressed concern yesterday over the selfishness they say increasingly plagues the public. In their joint-Christmas messages, they said they reject any intentions that may fuel conflicts and confine people to the realm of their ethnicity, religion or socio-political grouping.

Dengue fever kills 23 children

Dengue fever kills 23 children SEMARANG, Central Java: Twenty-three children have died and 2,146 others have been hospitalized in several dengue fever outbreaks in the municipality over this year. Semarang spokesperson Harini Trisnadi said yesterday the figures covered the period from January to early this month. In comparison, last year dengue fever affected 2,015 children and killed 31 of them. (har/swe)

Warden victim of bad system: Lawyers

Warden victim of bad system: Lawyers JAKARTA (JP): Defense lawyers representing a prison guard charged with accepting a bribe from escaped businessman Eddy Tansil told the East Jakarta District Court yesterday the defendant was a victim of a bad prison system.

Mugging on 'MV Kerinci'

Mugging on 'MV Kerinci' From Kompas On Dec. 4, I boarded the MV Kerinci for a voyage from Padang to Tanjung Priok. At 9 a.m., a crew member named Harianto made a forced entry into my cabin (number 6030, 1st class). He locked the door and menaced me with a knife. However, I did not relinquish my money and jewelry. The man also mistreated me. I defended myself and cried for help, but no crew members came to the rescue.

Berlian Motor gets loan

Berlian Motor gets loan JAKARTA (JP): Ujungpandang-based PT Bosowa Berlian Motor, the biggest automotive dealer in eastern Indonesia, secured a Rp 46.8 billion (US$19.8 million) syndicated loan yesterday from four domestic banks. PT Bank Nusa International, the loan arranger, put up Rp 9.8 billion, PT Bank Susila Bhakti provided Rp 15 billion, PT Bank Nasional provided Rp 15 billion and PT Bank Bumiputra provided Rp 7 billion.

TVRI's use of Indonesian

TVRI's use of Indonesian From Kompas Inaccuracies occur in TVRI's usage of Indonesian, while the station recommends to its viewers to use the language correctly. One example is "Cuaca beberapa kota di Indonesia", which appears during the weather forecast segment of the news. According to the Kamus Besar Bahasa Indonesia, "beberapa" denotes an uncertain number, more than two but just a few. In the weather forecast segment, however, the number of cities quoted numbers around 30.

Nasim flies RI flag in Valvo matchplay

Nasim flies RI flag in Valvo matchplay JAKARTA (JP): Maan Nasim is the only Indonesian golfer taking part in the Volvo Asian Matchplay at the Emeralda golf course, Cimanggis, West Java, that tees off today. Based on Tuesday's draw, Nasim is to face the winner between Australian Paul Foley and Nico Rensburg of South Africa for a place in the second round. "I'll try my best in this prestigious tournament," he said.

Horticulture products promoted

Horticulture products promoted SURABAYA, East Java: The local administration is holding a five-day exhibition in Jeddah, Saudi Arabia, to promote the province's fruit and other horticultural products. Opened yesterday, the promotion seeks to increase export of East Java's tropical fruits to the oil-rich country, Antara quoted Soedirman, head of local trade and economic office, saying yesterday.

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.

Police release Fuad Syafrudin's suspected killer

Police release Fuad Syafrudin's suspected killer YOGYAKARTA (JP): Police released yesterday Dwi Sumaji alias Iwik, the suspected killer of journalist Fuad Muhammad Syafruddin, to the surprise of his lawyers whose previous requests for the move had repeatedly been rejected. But he retains his status as the suspect in the highly publicized case. Dwi, whose arrest on Oct.

Legal awareness competition

Legal awareness competition JAKARTA (JP): Deputy Governor for Social Welfare Idroes opened a legal awareness competition for families yesterday. Governor Surjadi Soedirdja's said in his written address read by Idroes that awareness and understanding of the law could be improved through the Keluarga Sadar Hukum (Family Legal Awareness) competition. Surjadi said the competition aimed to speed up the process of people understanding laws and regulations.

Relieve aid for flood victims

Relieve aid for flood victims KUPANG, East Nusa Tenggara: Minister of Social Services Inten Soeweno yesterday presented 200 families in Belu regency with building materials to repair their houses which were damaged in last year's flood. The aid was given to residents of the Sikun and Mederok villages, Antara reported. Similar aid was given to 296 families in the East and West Tasifeto subdistricts whose houses were destroyed during an earthquake and landslide last year.

Indonesian 'sinetron' festival celebrates mediocrity

Indonesian 'sinetron' festival celebrates mediocrity By T. Sima Gunawan JAKARTA (JP): Local television dramas and comedies, as well as mini-series, are getting more and more popular. They are shown in the morning, in the afternoon and in the evening. Some are good, others garbage. According to sinetron critic R.M. Soenarto, the stories of most drama series -- locally known as sinetron -- are illogical and do not make sense.

Soeharto gives green light to Jonggol project

Soeharto gives green light to Jonggol project JAKARTA (JP): President Soeharto approved yesterday his second son's plan to develop a self-sufficient city in Jonggol, Bogor, about 50 kilometers southeast of here, but called on developer PT Bukit Jonggol Asri not to sacrifice local residents' interests. Speaking at the presentation of the plan at Bina Graha, the presidential office, Soeharto said the project should not be against national development which was for the people's prosperity.

Saudi backing for Lebanon threatens to split AFC

Saudi backing for Lebanon threatens to split AFC ABU DHABI (AFP): Saudi Arabia's insistence that Lebanon must host the 2000 Asian Cup threatens to tear apart the Asian Football Confederation (AFC), according to senior AFC officials. If Lebanon wins the vote this weekend it will be the first time the Cup, the showcase of Asian football, has not alternated between West and East Asia.

U.S. eyes lucrative Asia defense mart

U.S. eyes lucrative Asia defense mart SINGAPORE (Reuter): United States companies will take part in Singapore's Asia Defense trade show next month as they try to step up their presence in the rapidly growing regional arms market, a United States official said yesterday. Top defense officials from up to 13 countries including China, Japan and India will take part in a parallel Jan. 15-17 conference, organizers told a news briefing.

200 developers may go bust

200 developers may go bust JAKARTA (JP): Property baron Ciputra predicted yesterday about 200 developers would go bust because of the property market slump. Ciputra told a seminar yesterday these property developers had built their projects at the wrong time. "They started acquiring land and building their properties when the sector was booming. Thus, when they finished their property projects, the sector had started to get gloomy," Ciputra said.

Fiber optic cable plant

Fiber optic cable plant JAKARTA (JP): PT Voksel Electric, in conjunction with Showa Electric of Japan, plans to build a US$15 million fiber optic cable manufacturing plant next year, the company announced yesterday. The new plant, which will be located in Cileungsi, Bogor, West Java, is scheduled to begin production next October.

Sahid group opens hotel in Mecca

Sahid group opens hotel in Mecca JAKARTA (JP): The busy Sahid Group has opened its 21st property, Sahid Suites Makkah, in Mecca, Saudi Arabia, to serve haj pilgrims from Southeast Asia. Sahid senior executive Darwin Siddyumar said here yesterday the four-star hotel had 46 rooms. "Since opening on Dec. 10, a group of 17 Indonesians have booked to stay at the hotel," he told The Jakarta Post.

TV today

TV today TVRI 2:30 a.m Travel: My Country 2:35 TV Series: Family Matters 3:05 Children's Program: Dendang Ria 3:30 Tour and Travel: 13 Wonder 4:05 Science Film: Here Come The Star 4:30 Sports: Sepak Takraw 4:55 Filler and Trailer 5:00 Regional News 5:25 News: My Country 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, The Beloved Country: Kalimantan Tengah 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Moslem 7:00 Evening News 7:25 Filler and Trailer 7:30 Gelar...

Johar Prince to open

Johar Prince to open JAKARTA (JP): The Johar Prince, a two-star hotel, will open in February amid the tightly competitive hotel business, a hotel executive said yesterday. The hotel's general manager, Alex Adrian Prasetyo, said the 41-room hotel is owned by PT Toraja Cottage, a private firm controlled by businessman Francois P. Tomasoa. It is located on Jl. Jaksa, a Central Jakarta street well-known among international backpackers.

Govt commitment urged for pollution control

Govt commitment urged for pollution control JAKARTA (JP): Environmentalists urged the government yesterday to put into practice their political commitment to control industrial pollution. Senior activists from the Indonesian Forum for Environment (Walhi) and the Indonesian Center for Environmental Law (ICEL) accused the government of not taking environmental disputes seriously enough.

Prison opened to tourists

Prison opened to tourists SEMARANG, Central Java: The island of Nusakambangan, a penal colony for hardened criminals, was opened to tourists on December 1, Sri Soebagjo of the local tourism office said. The move is part of a three-year trial he said Tuesday, Antara reported. Soebagjo said the island has beautiful scenery, and old Dutch buildings which tourists would enjoy, and has 22 tourist destinations, including white sand beaches and caves.

Soedradjad bemoans economic inefficiency

Soedradjad bemoans economic inefficiency JAKARTA (JP): Bank Indonesia (the central bank) Governor Soedradjad Djiwandono said yesterday he was concerned about the domestic economy's inefficiency. Soedradjad said high incremental capital output ratios (the amount of capital needed to generate one unit of output), high costs and wasteful spending were indicators of economic inefficiency.

Garuda Indonesia recives new jets

Garuda Indonesia recives new jets JAKARTA (JP): The national flag carrier Garuda Indonesia will receive the newest edition to its fleet, the Airbus A-330-300 jet, at Soekarno-Hatta International Airport today. Garuda will operate the twin-engined A-330-300 jet, which currently costs about US$125 million, on several regional routes to Hong Kong, Taipei, Japan, Guangzhou and Australia. The jet is one of nine ordered by Garuda seven years ago.

RI: Rolls-Royce's fast growing market

RI: Rolls-Royce's fast growing market DERBY, England (JP): Indonesia, as part of Asia, has emerged as a fast growing market for both Rolls-Royce aero and industrial engines. Rolls-Royce has been very active in developing a consistent and cooperative program with Indonesia in recognition of the country's market potential. The abundant natural resources Indonesia offers has prompted the British aero and industrial engine maker to set up its marketing campaign.

More parties needed for general elections

More parties needed for general elections JAKARTA (JP): A group of critical scholars called yesterday on the government to allow more "political parties" to contest the general elections. Deliar Noer and his colleagues grouped in the Forum for Restoration of People's Sovereignty told Marzuki Darusman, deputy chairman of the National Commission on Human Rights, that the 1945 Constitution's guarantee for freedom to vote had yet to be adequately implemented here.

'State coould clip rights if needed'

'State coould clip rights if needed' JAKARTA (JP): A democratic national state should have the courage to take the bitter option of stripping the democratic rights from political organizations which mask their destructive goals with democratization demands, President Soeharto said yesterday. The President issued his warning upon receiving military officers taking part in the 29th regular course held by the National Resilience Institute yesterday.

Garuda gets first Trent-powered Airbus A300-300s

Garuda gets first Trent-powered Airbus A300-300s The first of Garuda's six Airbus A330-300 planes, powered by Rolls-Royce Trent 700 engines, is scheduled to arrive in Jakarta today from Airbus Industrie in Toulouse, France. The Jakarta Post sent its reporter Akmal Syams on an Indonesian media tour of Rolls-Royce's base in Derby, England. He wrote the following articles.

RI receives $42 million grant for forestry

RI receives $42 million grant for forestry JAKARTA (JP): The Ministry of Forestry yesterday received a 33 million ECU (US$42.3 million) grant from the European Commission to start the South/Central Kalimantan Production Forest Program and establish a Forest Liaison Bureau.

Poll watchdog seeks government recognition

Poll watchdog seeks government recognition JAKARTA (JP): Senior activists of the controversial Independent Election Monitoring Committee (KIPP) called on the government yesterday to recognize it officially. They said official recognition would demonstrate the government's obligation to improve the political awareness of the Indonesian public. Committee secretary-general Mulyana W.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Dec. 18, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 1,000 0 0 AHAP Insurance 2,675 0 0 Alumindo Perkasa 750 -25 15,000 Andayani Megah 1,025 0 326,500 Aneka Kimia Raya 1,475 50 7,985,500 Anwar Sierad 2,250 50 114,500 Aqua Golden Mississippi 4,025 0 0 Argha Karya Prima Industry 3,400 -25 7,500 Argo Pantes 1,625 -25 3,000 Asahimas Flat 1,500 -25 650,000...

Impediments in tourism industry

Impediments in tourism industry From Merdeka Tourism in the country has recently been heralded as a potential foreign exchange earner, right after oil and gas and non-oil exports. Endeavors to accommodate increased tourism flow are visible in the greater number of newly constructed hotels. Minister of Tourism, Post and Telecommunications Joop Ave is optimistic that tourism will vie with the textile and garment sector as a foreign exchange earner.

14 people killed, 25,000 homeless in bad fire year

14 people killed, 25,000 homeless in bad fire year JAKARTA (JP): Fourteen people died, 54 were injured and 25,509 people lost their homes in fires to Dec. 3 this year, city fire department records show. The 678 fires, an average of two a day, caused Rp 55.3 billion damage. This excludes fires lit during the July 27 riot. Last year 685 fires killed 13 people and left 7,000 homeless. Losses from the Senen market fire, which gutted hundreds of shops and offices on Nov.