Indonesian Political, Business & Finance News

Archive: 1 February 1996

55 articles found

Bakrie's component plant

Bakrie's component plant JAKARTA (JP): Bakrie Tosanjaya, a subsidiary of Bakrie & Brothers, signed yesterday a joint venture agreement with Jidhosa Buhin Kogyo Co. Ltd. of Japan to build an automotive component plant in Kerawang, West Java, with an investment of US$4 million. The new joint venture, which is 60 percent owned by Jidhosa Buhin and 40 percent by Bakrie, will produce ring gears for flywheels with an annual capacity of 720,000 units, Bakrie Tosanjaya said in a statement yesterday.

State firms asked to hold Telkom shares for 2 years

State firms asked to hold Telkom shares for 2 years JAKARTA (JP): Minister of Finance Mar'ie Muhammad confirmed yesterday that a number of state-owned companies and pension funds have been told to hold their Telkom shares for at least two years to prop up their price. Speaking at a hearing with Commission VII of the House of Representatives, the minister said that the lock-up of Telkom shares is government policy. "Over 3,300 individual investors bought Telkom stocks at the primary floatation.

Growth through cooperation (2)

Growth through cooperation (2) The following is an excerpt of a statement made by Governor of Bank Indonesia J. Soedradjat Djiwandono at the Bankers' Annual Meeting on Jan. 19, 1996. This is the second of two articles. JAKARTA (JP): In line with the buoyant economy in 1995, the condition of national banks has improved although they still face substantial challenges and problems.

Ramadhan time for Jakarta

Ramadhan time for Jakarta Thursday Maghrib 6.20 p.m. Friday Imsak 4:25 a.m. Subuh 4.35 a.m.

Plywood workers claim back pay

Plywood workers claim back pay JAKARTA (JP): Approximately 40 workers from a plywood company in Maluku sought help from the House of Representatives yesterday to resolve a dispute with the management over claims for unpaid overtime for the 1991-94 period. The workers, who said they represented 6,000 employees of PT Artika Optima Inti, told legislators of Commission VI that they have only just learned that they had been deprived of their full rights.

Bimantara, Alcatel link

Bimantara, Alcatel link JAKARTA (JP): Alcatel Alsthom of France and PT Elektrindo Nusantara, an affiliate of the Bimantara Group, have signed an agreement to cooperate in telecommunication projects in the country, Alcatel said in a statement yesterday. The agreement was signed by Serge Tchuruk, the chairman and chief executive officer of Alcatel, and Bambang Trihatmodjo, the chairman of the Bimantara Group, the statement announced.

Pertamina expands to tackle private sector

Pertamina expands to tackle private sector SINGAPORE (Reuter): Indonesia's state oil company Pertamina will expand and upgrade its refineries to produce better quality products to face private competition when the oil industry is deregulated, a Pertamina official said yesterday. "I think the cheapest way to boost our production of refined oil products is to upgrade and expand our existing refineries," Ariffi Nawawi, Pertamina's refinery and fuel products director, told Reuters.

Beaten pedestrian seeks justice

Beaten pedestrian seeks justice JAKARTA (JP): A pedestrian was beaten black and blue by a police officer last Friday, says the Legal Aid Institute (LBH). Rudolf Hemor was one of 30 pedestrians crossing the street together in front of the Hyatt Hotel to the corner of the Wisma Nusantara building on Jl. M.H. Thamrin in Central Jakarta when he was abruptly pulled aside by a police officer and shoved in front of Cap. Suwito Narto who then hit Rudolf on the face, Antara reported.

Sabang mayor breaks down over ferry grief

Sabang mayor breaks down over ferry grief JAKARTA (JP): Emotion caught up with Sabang Mayor Bustari Mansyur who has been touring Weh Island these past 10 days to console the grieving relatives of those who died when their ferry sank on the way to the island on Jan. 19. Bustari yesterday broke into tears the moment he stepped into the house of a mourning family, Antara reported. The incident was repeated as he visited other houses later.

Indonesian Palapa satellite represents third generation

Indonesian Palapa satellite represents third generation By I. Christianto COCOA BEACH, Florida (JP): After seeing it's first satellite lift off into orbit two decades ago, Indonesia will today witness the launching of Palapa-C1, the first of the third generation of it's satellites, which will be operated by PT Satelindo. The board of launch mission said here yesterday that technically the lift-off at 7:50 a.m. Jakarta time today will be success.

Mistakes part of democracy process

Mistakes part of democracy process Some members of the tiny Indonesian Democratic Party have proposed that the party's chairwoman, Megawati Soekarnoputri, run for president. Political scientist J. Soedjati Djiwandono evaluates the suggestion, which is unprecedented in the history of the New Order government. JAKARTA (JP): What follows is not to oppose or support the unofficial nomination of Megawati as a presidential candidate.

Selling practice

Selling practice As frequent visitors to Indonesia over the past 15 years, we have been increasingly impressed by the improvement in the standard of living of the average Indonesian. To a large degree, this has been the result of the government's economic policies and the exercise of tight controls over foreign investment and direct participation in business activities within Indonesia.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on Jan. 31, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 700 0 2,500 AHAP Insurance 3,000 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 2,075 175 612,000 Aneka Kimia Raya 5,950 50 282,500 Anwar Sierad 1,150 25 132,500 Aqua Golden Mississippi 1,500 0 0 Argha Karya Prima Industry 2,125 25 283,500 Argo Pantes 1,800 0 100,000 Asahimas Flat 2,725 0 307,500 Asiana...

Who's afraid of Mega?

Who's afraid of Mega? It is beyond doubt that President Soeharto will be re-elected in the coming presidential election if he agrees to run for another term. At the moment, nobody is strong enough to challenge him. The three pillars of the state, namely the Armed Forces, the bureaucracy and the business community, are all behind him.

Change of attitude vital to save environment

Change of attitude vital to save environment By Rusdian Lubis JAKARTA (JP): What can be gleaned from the recent list exposing the environmental sinners in Indonesia? First, the program, dubbed Proper, diversifies environmental policy in Indonesia by modifying the traditional command and control approach. Since the promulgation of Law No. 4 on the Environment in 1982, Indonesian environmental strategy has been heavily based on the command and control approach.

More flights to Manado

More flights to Manado JAKARTA (JP): Airlines from Taiwan and South Korea plan to open direct flights from their countries to Manado, North Sulawesi, making the city a gateway to the eastern part of Indonesia. North Sulawesi Governor E.E. Mangindaan was quoted by Antara as saying yesterday that airlines from the two countries had conducted surveys in the town.

Poulterer robbed, wife raped in Bekasi

Poulterer robbed, wife raped in Bekasi JAKARTA (JP): Police are still trying to determine the identities of the men who allegedly robbed a Bekasi poultry breeding farm manager and then raped his wife in front of their daughter on Tuesday. City Police Spokesman Lt. Col. Iman Haryatna told reporters yesterday that two men with possible knowledge of the robbery and brutal rape in the Bantar Gebang subdistrict are still being questioned.

Language and law experts defend Bintang in court

Language and law experts defend Bintang in court JAKARTA (JP): Experts in language and constitutional law were called into court yesterday to defend controversial politician Sri Bintang Pamungkas, who allegedly called President Soeharto a dictator. Linguist J.S. Badudu testified at the Central Jakarta District Court that even if the word "dictator" was uttered, it should have been acceptable in the context of a scientific forum.

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Mezzanine Lounge: Solo Pianist, daily from 7:30 p.m. to 10:30 p.m., opening hours Monday to Sunday 11 a.m to 1 a.m. * Hotel Aryaduta, Jl. Prapatan 44-48, Central Jakarta: - Ambiente Italian Restaurant: Bonauli vocal group, Monday and Wednesday from 7 p.m. to 1 p.m.; Los Morenos, Tuesday, Thursday and Sunday from 7 p.m. to 11 p.m. - The Tavern Pub: Yeah Yeah Boys, Sunday and Thursday, 9:30 p.m. to 1 a.m.

Try upset at bureaucracy supervision

Try upset at bureaucracy supervision JAKARTA (JP): State Minister of Administrative Reform T.B. Silalahi conceded yesterday that supervision in the bureaucracy is slack and has not brought about the desired results. "I'm not happy, and neither is the Vice President," he told a hearing with members of the House of Representatives Commission II on domestic affairs.

Traffic policemen removed for health reasons

Traffic policemen removed for health reasons JAKARTA (JP): The City Traffic Police plan to transfer officers who have been deployed on the roads for a long time to help reduce stress, as was revealed in a recent study made by a renowned university. "We're still discussing the plan and it might take some time before we come to a conclusion," Lt. Col. Herman S.S., head of the police investigation division, told The Jakarta Post yesterday.

TV today:

TV today: TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Ultraman 3:00 News: Lintasan Berita 3:05 One Day with Dibyo Widodo, City Police Chief 3:30 Education: Bina Pramuka 4:00 News: Lintasan Berita 4:05 TV Series: Al Jamalludin Al Afghani 5:00 Evening News 5:25 Travel: My Country 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: Aceh 6:15 Village Program 6:25 Ramadhan Tradition 6:35 Religious Teachings: Wanita Muslimat 7:00 Evening News 7:25 Garuda...

109 teachers sent to remote places

109 teachers sent to remote places SURABAYA: The local office of the Ministry of Education and Culture will soon send 109 teachers to remote villages in Irian Jaya, Kalimantan, Bengkulu and South Sumatra. Beaming and holding his letter of appointment, one new teacher, Imam Turmudi, was quoted by Antara as saying yesterday that his placement in Irian Jaya could be an opportunity for him to hone his skill in repairing electronic appliances.

Gus Dur's growing influence led to Habibie move

Gus Dur's growing influence led to Habibie move SEMARANG (JP): State Minister for Research and Technology B.J. Habibie's request that Abdurrahman Wahid quit the chairmanship of the Nahdlatul Ulama (NU) Moslem organization was made out of fear of the latter's growing influence, says a political observer.

Kempes to join Indonesian side

Kempes to join Indonesian side JAKARTA (JP): Former Argentinean World Cup hero Mario Kempes will arrive today to complete a deal with Indonesian side Pelita Jaya as a playing coach for the remainder of the season. Pelita manager Andri Amien said here on Tuesday that the 42- year-old Argentinean is expected to turn up on the pitch in every match played by the club although not as a full-timer.

Bank Niaga records 41.5% increase in pre-tax profit

Bank Niaga records 41.5% increase in pre-tax profit JAKARTA (JP): Publicly listed Bank Niaga reported a 41.5 percent increase in its unaudited pre-tax profit in 1995 to Rp 80.6 billion (US$35.20 million) from Rp 56.9 billion in the previous year. The head of the bank's corporate affairs, Jonki Kresnadi, said yesterday that the bank's consolidated earnings rose by 41.3 percent to Rp 91.4 billion in 1995 from Rp 64.7 billion in the previous year.

Four jailbirds still at large

Four jailbirds still at large DILI, East Timor: Four of the eight inmates who broke out of the Becora Correctional Facility during a riot on Tuesday are back behind bars, while the other four are still at large, Antara reported. Chief of the East Timor Office of the Ministry of Justice Benny J. Matthaus said here yesterday that of the first group, one was rearrested and the other three surrendered.

Aneka to expand into chemical production

Aneka to expand into chemical production JAKARTA (JP): Publicly-listed chemical product distributor PT Aneka Kimia Raya got its shareholders' approval yesterday to purchase shares of two chemical producers, PT Polekao Indonesia Chemicals and PT Arjuna Utama Kimia, at Rp 26 billion (US$11.3 million). Aneka's president, Haryanto, told journalists after an extraordinary meeting of the shareholders that the company will own a stake of 40 percent in Polekao and 22.38 percent in Arjuna.

Cooperation accords in satellite business

Cooperation accords in satellite business COCOA BEACH, Florida (JP): Private companies interested in doing business with Indonesia's telecommunications satellite industry will have the chance to form cooperation agreements (KSOs) with state-owned PT Telkom.

Non-tariff barriers obstruct economy: Kadin

Non-tariff barriers obstruct economy: Kadin JAKARTA (JP): The Indonesian Chamber of Commerce and Industry (Kadin) has blamed non-tariff barriers, such as monopolistic practices, as well as various legal and illegal levies as the major problems hampering the country's economy development. "We praise the government's latest deregulation policy issued on Jan. 26, which has reduced import tariffs on 428 items.

Philipus and four others stand trial on murder charges

Philipus and four others stand trial on murder charges JAKARTA (JP): The East Jakarta District Court yesterday began trying five suspects charged with killing a woman and three children in Bambu Apus, East Jakarta, on Oct.2 last year. The five defendants are being tried separately by three panels of judges. The first panel, led by Judge Sunarto, is trying Philipus Kia Lejab, 47, the prime suspect in the multiple murder.

Birthplace of Lord Buddha

Birthplace of Lord Buddha I would like to comment on Jeebit Shresta's Misleading Information (The Jakarta Post Sunday, Jan. 28, 1996) letter, in which the writer cites Nepal as the birthplace of Lord Gautam Buddha.

More help for lepers

More help for lepers The articles on leprosy by K. Basrie in The Jakarta Post of Jan. 29, 1996 were very interesting, yet for me they raised more questions than they answered. In Jakarta, I remember seeing many lepers begging at traffic lights and was horrified by their plight. K. Basrie's articles are compassion seeking, and I support them. But he does not give any statistics on leprosy in Indonesia, nor do we know whether leprosy is being eradicated - or on the increase.

PDI board urged to sue meddling government

PDI board urged to sue meddling government JAKARTA (JP): A senior legislator urged the executive board of the Indonesian Democratic Party (PDI) yesterday to settle it's conflict with the government over the East Java leadership rift in court. Aberson Marle Sihaloho proposed that the PDI sue President Soeharto, Minister of Home Affairs Moch. Yogie S.M. and East Java governor Basofi Soedirman at the State Administrative court.

PSP to issue rights shares

PSP to issue rights shares JAKARTA (JP): Putra Surya Perkasa (PSP), a publicly-listed property developer, will issue 472.5 million rights shares at the price of Rp 1,000 (44 U.S. cents) this month. "The owner of every 10 old shares, as recorded by Feb. 14th, will have the right to buy nine new shares at Rp 1,000 each," the company said in a statement here yesterday.

Best bridge pair invited by Israel

Best bridge pair invited by Israel JAKARTA (JP): Indonesia's best pair of Eddy Manoppo and Henky Lasut have received an invitation to play in the Israel Bridge Festival in Tel Aviv, scheduled for Feb. 15 to Feb. 24. Eduard Possumah, executive chairman of the North Sulawesi sports governing body said yesterday that the nation's most seasoned tandem will lead a six-strong bridge team who will don their provincial colors for the international tournament.

KL joins Ongko Group

KL joins Ongko Group JAKARTA (JP): Malaysian stock-brooking company TA Enterprise Berhad acquired 49 percent of PT Ongko Multicorpora's shares in its subsidiary, PT Arya Prada Sekuritas, which it then renamed PT TA Ongko Securities. Tony Tiah Thee Kian of TA Enterprise Berhad and the president of Ongko Multicorpora, Irjanto Ongko, signed the agreement on the acquisition in a brief ceremony here yesterday.

Use Ramadhan for introspection, minister says

Use Ramadhan for introspection, minister says JAKARTA (JP): Coordinating Minister for Political Affairs and Security Soesilo Soedarman stressed the importance of introspection, particularly for those who consider themselves community leaders. Though he did not refer to any specific person or organization, Soesilo's statement comes amid the controversy and internal bickering in several leading social-political organizations.

CMNP to take equity stakes in tree projects

CMNP to take equity stakes in tree projects JAKARTA (JP): The shareholders of publicly-listed toll road developer PT Citra Marga Nusaphala Persada (CMNP) yesterday approved the company's plan for equity participation in three projects.

Legislators support peat land mega-project

Legislators support peat land mega-project JAKARTA (JP): Legislators yesterday supported the government's plan to convert one million hectares of peat land into rice fields in Central Kalimantan but stressed that thorough studies were needed to ensure the mega project was a success. Members of the House of Representatives' Budgetary Commission voiced their support in a hearing yesterday with members of the Indonesian Peat Society.

U.S. car salesman sentenced to life

U.S. car salesman sentenced to life MANILA (AFP): An American businessman was sentenced to life imprisonment by a Manila court yesterday for the 1993 murder and mutilation of his Filipina girlfriend. Mark Stephen Whisenhunt, a car salesman from San Fransisco, California, was found "guilty beyond reasonable doubt" of murdering and mutilating Elsa Castillo on Sept. 23, 1993, inside his apartment in suburban Manila.

Guidelines on 'poverty' fund raising issued

Guidelines on 'poverty' fund raising issued JAKARTA (JP): The Director General of Taxes Fuad Bawazier yesterday dismissed speculation that his office will deduct 2 percent off every after-tax income of more than Rp 100 million (US$43,290) for the state-sponsored poverty alleviation program.

'Sriwijaya Post' stops publication

'Sriwijaya Post' stops publication JAKARTA (JP): Sriwijaya Post, a daily newspaper based in Palembang, South Sumatra, is suspending its publication as of today following a physical clash among its employees in the latest conflict embroiling the newspaper's management. The daily's acting general manager Hendrowiyono told The Jakarta Post by telephone last night that the management decided to suspend publication for security reasons.

City proposes Rp 2.84t budget

City proposes Rp 2.84t budget JAKARTA (JP): The city administration has proposed to the City Council a budget of Rp 2.84 trillion (US$1.3 billion) for Jakarta in the next fiscal year, or 9.26 percent higher than the current budget of Rp 2.7 trillion. Governor Surjadi Soedirdja said in a plenary session yesterday the increase was in line with various factors such as the increases in the routine and development budgets.

Swapping cash for peace of mind

Swapping cash for peace of mind JAKARTA (JP): Pay a little cash and leave your worries behind, while you enjoy the Idul Fitri holiday out of town. The state-owned pawn brokerage is now offering the service of taking care of valuables usually left behind in vacant houses by holiday travelers. "Leave it to us, we will take responsibility for the safety of your valuables so you can enjoy your holiday away from home," Sjamsir Kadir, president of the agency, told Suara Karya.

RI and Malaysia agree to protect workers

RI and Malaysia agree to protect workers JAKARTA (JP): Indonesia and Malaysia have drawn up guidelines that standardize the fees and protect the interests of Indonesian maids working in Malaysia, Minister of Manpower Abdul Latief said yesterday.

Billiard players complain about lack of equipment

Billiard players complain about lack of equipment JAKARTA (JP): No equipment, no achievement. That's one of the retorts the Indonesian billiard and snooker association has about why its athletes have no say in international competitions. In a meeting with the National Sports Council yesterday, training director of the association, Ashar Nasution, said his athletes had long trained with rented tables. "Our players cannot use the tables as freely as they want.

Food laws to regulate 'halal' label: Soeharto

Food laws to regulate 'halal' label: Soeharto JAKARTA (JP): President Soeharto said yesterday that all halal food packages must, in the future, bear a label stating the contents are suitable for Moslems to consume. State Minister of Food Ibrahim Hasan told reporters after meeting with the President at the latter's residence on Jl. Cendana here that the labeling will be obligatory, so Moslems can be sure whether or not they can consume the food.

Housewife found dead

Housewife found dead JAKARTA (JP): A 50-year-old housewife was found dead with several wounds to the face yesterday morning in her house in the Taman Kedoya Baru housing complex, West Jakarta. The body of Yeni Tanama was found at around 7 a.m. by her cousin, Suhaidi Gandhi, a police officer said. Police officers found a hammer smeared with blood near the body, said City Police Spokesman Lt. Col. Iman Haryatna. A number of wounds were found near her eyebrows, left eye and nose, he said.

Foreign worker wages

Foreign worker wages Foreign workers employed in certain sectors in Indonesia are earning fantastic wages. According to Ministry of Manpower data, Indonesia spent no less than Rp 5 trillion (US$2.4 billion) last year on wages for 57,159 workers from various countries. It must be said that the educational progress achieved under the New Order has given us professional workers of adequate standards. They can be found among the 14 million job seekers who failed to get jobs last year.

Compensation for ferry disaster paid

Compensation for ferry disaster paid BANDA ACEH: The state-owned insurance company PT Jasa Raharja will pay Rp 324 million in compensation to the relatives of the 54 people who died when the ferry Gurita sank in the waters off Weh Island earlier this month. Antara on Tuesday quoted Nana Suyatna from the insurance company's Aceh office as saying the compensation will be given to the relatives in a ceremony within the next few days.

Bad loans

Bad loans From Media Indonesia In November 1995 bad loans were reported to reach Rp 10.465 trillion, an amount equivalent to Indonesia's foreign loan obtained from CGI (Consultative Group for Indonesia). Most of the bad loans involve state-owned banks. The money is thus in fact owned by the people. This means that the people's money is now in trouble. Many Indonesian people are still living in poverty, with miserably little food, clothing, and housing.

Seminar on anthropology

Seminar on anthropology UJUNGPANDANG, South Sulawesi: Some 140 anthropology students from 14 universities across the country will gather at Hasanuddin University here on March 3 to attend a seminar. The focus of the talk, according to Antara, is poverty alleviation programs. "The seminar will discuss the social, cultural, political and psychological problems arising from various government intervention programs, including the poverty alleviation project," said the event's organizer Nuryanto G.

Bank customers say no to police protection

Bank customers say no to police protection JAKARTA (JP): The city's police are mystyfied why most people are reluctant to ask police officers to accompany them when withdrawing money from banks. "Many times we have asked customers to call for police help for security reasons to help them take money from banks without risk of losing it," City Police spokesman Lt. Co. Iman Haryatna said here yesterday.

Strong environmental authority needed

Strong environmental authority needed By Jim Scherer JAKARTA (JP): Critics of government efforts at environmental protection in Indonesia need to look at the legal framework that makes enforcement actions difficult. Recently, Minister of Environment Sarwono Kusumaatmadja announced the names of companies that were rated black under the "Proper" rating system for their failure to meet environmental standards.