Indonesian Political, Business & Finance News

Archive: 22 February 1996

49 articles found

Satelindo seeks global satellite projects

Satelindo seeks global satellite projects JAKARTA (JP): PT Satelit Palapa Indonesia (Satelindo), a private telecommunications operator, plans to establish partnerships in several global satellite telecommunications projects. The company's president, Iwa Sewaka, said that his company would court the projects offering the biggest benefits to Satelindo.

RI capital city

RI capital city From Kompas Considering that Jakarta is continually inundated, either by huge floods like in 1976 and 1996 or by smaller ones every time it rains; and that the capital city is so plagued by traffic congestion, so haunted by criminal action, I herewith propose to the authorities that in the 21st century Indonesia's capital city be moved from Jakarta to, for example, Bogor in West Java. Bogor has two presidential palaces, one close to the Botanical Gardens, the other at Batutulis.

Exodus continues during Idul Fitri holidays

Exodus continues during Idul Fitri holidays JAKARTA (JP): A large number of people were forced to celebrate Idul Fitri traveling to their hometowns due to overcrowding at bus terminals and railway stations before the holidays. Thousands of people who failed to get bus or train tickets before the holidays said they had to postpone their trips until Tuesday or yesterday. From morning to 2 p.m.

A sweeping overhaul needed

A sweeping overhaul needed It has been decided that the search for the true causes of the sinking of the ferry Gurita a few weeks ago will be done in a court of justice. At present, after hearing the testimony of 60 witnesses, police have come to the conclusion that six officials of the Aceh office of the Ministry of Transportation can be presented as defendants in the case.

Teenage girl burned alive

Teenage girl burned alive BANDUNG, West Java: Fire swept through five houses along Padasuka road in Cibeunying, burning 14-year-old Entin alive on Tuesday, Antara reported yesterday. Police sources said the fire probably started when a kerosene stove used by Entin's family to cook their Idul Fitri meal exploded. The fire spread to oil drums and jerricans of gasoline stacked in front of Entin's house. Entin's father sold gasoline and lubricants. Nine families were made homeless by the fire. (swe)

Idul Fitri joy triumphs over downpour

Idul Fitri joy triumphs over downpour JAKARTA (JP): Heavy rains failed to dampen the exhilaration felt by Moslems celebrating the Idul Fitri holiday across the country on Tuesday. Decked-out adults and children braved the rains to say the Idul Fitri prayer marking the end of the fasting month of Ramadhan. Umbrellas placed on mosque staircases provided a colorful backdrop for women worshipers clad in white mukena.

Idul Fitri, a time to meet, greet and celebrate

Idul Fitri, a time to meet, greet and celebrate Photo A/B/C: Officials JP/msa JP/byi JP/msa TIME TO GET TOGETHER: Idul Fitri is a time to get together for many officials including former Indonesian military leader Gen. (ret) Abdul Haris Nasution (right, above photo), and State Minister for Research and Technology B.J. Habibie. The meeting took place at Nasution's residence on Jl. Teuku Umar, Central Jakarta on Tuesday.

Election

Election From Tiras Elections as a tool for realizing the principle of democracy based on Pancasila philosophy is held every five years. In this case the United Development Party (PPP) suggested that the principle of jurdil (honest and just) be added to election principles, which would be new breakthrough in the effort to carry out clean elections. The government should be wise enough to accommodate the party's suggestion and consider it an improvement in the existing system.

JSX to elect new board of directors soon

JSX to elect new board of directors soon JAKARTA (JP): The shareholders of the Jakarta Stock Exchange (JSX) will soon elect new boards of directors and commissioners, informed sources said. The has been called because the Indonesian Capital Market Supervisory Agency (Bapepam) has introduced new procedures for nominating stock exchange directors and commissioners. The present directors have served only nine months of their three year term, but the JSX commissioners will end their term next month.

Postman killed protecting package

Postman killed protecting package BANJARMASIN, South Kalimantan: A mailman in South Kalimantan was shot dead trying to protect a parcel of Rp 10 million from a gang of thieves, Antara reported. The news agency said recently that 33-year-old Supiani was driving to Pelaihari with a package of money addressed to a group of settlers when he was shot. He continued driving until he found a food stall, where he stopped and asked that the money be safeguarded. He then fainted.

Founder of RI's WWF program steps down

Founder of RI's WWF program steps down JAKARTA (JP): Russel Betts left the post at the World Wide Fund for Nature-Indonesian Program (WWF-IP) which he nurtured for seven years with the emotion of a father letting go of his child. "The current WWF-Indonesian Program is rather like a child to me," Betts confided in an interview.

Free Idul Fitri for Soebandrio and Omar Dhani

Free Idul Fitri for Soebandrio and Omar Dhani JAKARTA (JP): Former political prisoners Soebandrio and Omar Dhani, released from prison last August by President Soeharto, celebrated their first Idul Fitri at home in 30 years. Accompanied by his son and grandsons, Soebandrio braved the pouring rain to say his Idul Fitri prayer at the Sunda Kelapa Grand Mosque north of his home in Central Jakarta.

Idul Fitri floods in Tangerang

Idul Fitri floods in Tangerang TANGERANG (JP): Heavy rain in Jakarta's outskirts flooded roads, farms and residential areas in Tangerang on the first day of the Idul Fitri holidays, local inhabitants said. Several main roads and farms remained submerged, and the Cisadane river level remained at its highest point yesterday. There were no fatalities reported.

Indah Kiat to issue bonds

Indah Kiat to issue bonds TOKYO (Reuter): Indonesia's Indah Kiat Pulp & Paper Corp PT's unit in the Netherlands will launch 20 billion yen worth of four- year samurai bonds, underwriters of lead manager Yamaichi Securities said on Tuesday. The underwriters said the bonds issued by the unit are expected to be guaranteed by its parent company Indah Kiat. "The terms of the bonds will be set on Wednesday (yesterday), which is one day before the official signing date," one underwriter said.

Dutch give E. Timorese speedy flight

Dutch give E. Timorese speedy flight JAKARTA (JP): Four East Timorese left for Portugal via Amsterdam only hours after they entered the Dutch embassy here on Monday, the quickest asylum seekers to have left the country in the recent spate of break-ins since last September. Meanwhile, another group of four East Timorese at the Australian embassy broke the record yesterday for the longest ever hold-out when they began their second week in the compound.

Wheat prices rise sharply

Wheat prices rise sharply CHICAGO (Reuter): U.S. wheat prices soared to 15-year highs last week but countries may be lining up to buy more before the grain becomes even more expensive. Algeria, Brazil, Egypt, Indonesia, Morocco, and the Philippines are a few of the countries mentioned by U.S. exporters and analysts as potential buyers.

KL to investigate diplomat's death

KL to investigate diplomat's death KUALA LUMPUR (AFP): Malaysia will investigate the death of the head of Bosnian embassy here after the diplomat's family complained of poor medical treatment at a private hospital, the prime minister said yesterday. "We will look into the death and see what happened," Mahathir Mohamad was quoted as saying by Bernama news agency. "If the Bukvic family's grievances are true, we regret it," Mahathir said.

Reform of state firms

Reform of state firms We had almost resigned ourselves to the grim fact that Presidential Decree No. 5/1988 on the reform of the around 200 state enterprises would meet the same fate as many other government rulings that have remained largely unenforced. However, the statements by Finance Minister Mar'ie Muhammad and Minister of Trade and Industry Tunky Ariwibowo last week showed that we were perhaps inordinately pessimistic.

Mahathir denies Razaleigch talks

Mahathir denies Razaleigch talks KUALA LUMPUR (AFP): Malaysian Prime Minister Mahathir Mohamad has denied rumors of conciliatory talks with a splinter party led by an arch-rival, but said the opposition group was free to rejoin his ruling party, a report said yesterday. "Those are still rumors. There is no truth in it," Mahathir was quoted saying in the New Straits Times daily when asked if he had met with Semangat 46 president Razaleigh Hamzah.

Coral reef protection plan in the offing

Coral reef protection plan in the offing JAKARTA (JP): Three private organizations are joining forces to help the government stem the fishing practices destroying Indonesia's coral reefs. The United States-based Nature Conservancy, its Indonesian sister organization, the Pusaka Alam Foundation, and the Wallacea Development Institute signed an agreement on Sunday on stopping the degradation of Indonesian reefs caused by the use of cyanide in fishing. Lt. Gen.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Ultraman 3:00 News: Lintasan Berita 3:05 Dance: Gatot Kaca Seraya 3:30 TV Series: Harapan Nan Sirna 4:00 News: Lintasan Berita 4:05 TV Series: Harapan Nan Sirna (continued) 5:00 Evening News 5:25 Education: Dunia Mahasiswa 5:30 Arabic Lessons: Tata Surya 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: Sulawesi 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Islam 7:00 Evening News 7:30 Information:...

Photojournalist intimidated

Photojournalist intimidated TANGERANG (JP): A resident of Cipondoh district has reported the chief of the nearby Bugel subdistrict to police for terrorizing his family. Robin Ong, 38, a photojournalist from the banned Tempo magazine, told the Tangerang police on Monday that the Bugel chief, Mulyadi, had threatened his family at least two times. "The man has threatened to kill me, my husband and children," Robin's wife told The Jakarta Post yesterday.

ICRC joins hostages search

ICRC joins hostages search JAKARTA (JP): A team has ventured into the Irian Jaya jungle to locate the 13 people, including six Europeans, still held hostage by Free Papua Movement (OPM) separatist rebels. Four members of the International Committee of the Red Cross (ICRC), a missionary, paramedics, and several tribal leaders set off on Tuesday, spokesman for the Trikora Military Command, Lt. Col. Maulud Hidayat, said yesterday.

Globalization and competition

Globalization and competition I don't understand why Indonesian people who are facing the globalization era, which will be marked by tough competition, especially after the year 2000, are still not given the chance to learn foreign languages through television. This is evidenced by the fact that Spanish, Chinese and other foreign films are dubbed in the Indonesian language.

Human resources investment pays off

Human resources investment pays off By Sayidiman Suryohadiprojo JAKARTA (JP): Reading the newspaper these days one easily gets the impression that superschools are considered the right answer for improving the quality of education in this country. How valid is that opinion? It is common knowledge that the quality of human resources play an important, if not decisive role in determining a nation's place in the future of mankind.

Booming Malaysia a magnet for migrants

Booming Malaysia a magnet for migrants As Malaysia becomes more affluent, it becomes a magnet for migrant workers. Kalinga Seneviratne of Inter Press Service reports. KUALA LUMPUR: Malaysia's rapid economic growth has made it a magnet for migrant workers and all the problems that go with a large population of foreign workers. Prime Minister Mahathir Mohamad plans to make Malaysia a fully developed nation by 2020, and economic expansion has led to a serious labor shortage.

Rohto's expansion in RI

Rohto's expansion in RI TOKYO (Reuter): Rohto Pharmaceutical Co Ltd said on Wednesday that it would expand its business in Indonesia and China. In Indonesia, Rohto will set up PT Rohto Laboratories Indonesia with the Gemala Group of Indonesia, Rohto said in a statement. The venture, capitalized at about 200 million yen, will be owned 60 percent by Rohto and 40 percent by Gemala.

RP tribesmen accuse Aussie of pollution

RP tribesmen accuse Aussie of pollution MANILA (Reuter): Filipino tribe members accused Australia's Western Mining Corp (WMC) yesterday of plotting with the government to drive them off and pollute their land on the southern Philippines island of Mindanao. But the project manager of WMC in the Philippines, Terence Gardner, told Reuters that the charges made by some members of the B'laan were false. "Western Mining is deceiving us to induce us to sign over our land rights.

State banks -- their success and problems

State banks -- their success and problems By Hendarsyah Tarmizi JAKARTA (JP): Indonesia's seven state-owned banks are considered heroes at home, with their success propelling six of them to be among the top 20 taxpayers in the country. But their notorious bad debt problems make them unpopular overseas. Bank Negara Indonesia (BNI) took the fifth slot in the list of the 200 largest corporate taxpayers in 1994, which was revealed last week by Tax Director General Fuad Bawazier.

WWF manages people rather than nature: Betts

WWF manages people rather than nature: Betts JAKARTA (JP): The idea that conservation efforts are meaningful if the "stakeholders", the people directly affected, are involved is an underlining principle of the activities of the World Wide Fund for Nature in Indonesia.

25 criminals released in holiday gesture

25 criminals released in holiday gesture JAKARTA (JP): Anyone can celebrate Idul Fitri, and, like in previous years, the past Idul Fitri celebration has brought freedom and happiness to several inmates at the Cipinang penitentiary and the Salemba detention center. The Cipinang penitentiary warden, Mintardjo, said on Tuesday that 25 inmates were freed on the first day of Idul Fitri.

Soeharto leads firm to finance N-2130 jet project

Soeharto leads firm to finance N-2130 jet project JAKARTA (JP): President Soeharto is heading a group of politicians and business conglomerates who have founded a company to raise at least US$2 billion to finance the development of a 130-seat passenger jetliner by the state-owned PT IPTN aerospace industry.

Civil servants' welfare

Civil servants' welfare From Kompas Civil servants are paid to serve the people, in accordance with the rules. To achieve satisfactory performance on the part of civil servants, the government should pay them reasonably well. Insufficient salaries are likely to drive them to corrupt practices. I am happy to learn that the government is now making a serious effort to improve the living conditions of civil servants.

Rental car owner murdered

Rental car owner murdered BANDUNG, West Java: The decomposed body of Max Teterisa, a resident of Cikembar, Sukabumi, West Java and the owner of a rental car, was found in an unused well in Ciharashas, Bandung, on Tuesday. Antara reported that his clothing showed signs of being burned. Police have sent the body for an autopsy at the Hasan Sadikin hospital.

Contestants gear up for UMNO elections

Contestants gear up for UMNO elections By David Chew SINGAPORE (JP): The triennial elections of the United Malays National Organization (UMNO), the leader of Malaysia's ruling National Front (NF) multi-party coalition government, may not be due until October. But prospective candidates have already started preparations for the expected big fight, through their frequent visits to UMNO's hundreds of divisions nationwide to drum up support.

Cola war expected to intensify in Indonesia this year

Cola war expected to intensify in Indonesia this year By Riyadi JAKARTA (JP): The Cola war in Indonesia will intensify this year, with Coca Cola and Pepsi Cola competing to attract as many drinkers of soda as possible. Pepsi declared war in January last year with its re-entrance into the Indonesia market. However, it lost out because it did not really know the market. "We spent a lot of time last year on research on understanding the needs of consumers...

Dicky's special privilege suspended

Dicky's special privilege suspended JAKARTA (JP): The Cipinang penitentiary has officially suspended special privileges granted to former banker Dicky Iskandar Di Nata following an allegation of sexual harassment against a woman he worked under a reassimilation program. The head of the Cipinang penitentiary, Mintardjo said on Tuesday that he had reported the suspension of Dicky's privileges to Minister of Justice Oetojo Oesman.

Chrysler mulls Thai plant

Chrysler mulls Thai plant BANGKOK (Reuter): Chrysler Corp is mulling the possibility of locating a new vehicle assembly plant in Thailand or Indonesia, Chrysler's senior Thai representative said. "We are in the first phase of deciding right now. We are doing a study now and should have the report next month. The study is to see if there is a market here and for which model," Abhichet Sitakalin, senior vice president of marketing and sales of Chrysler's Thai unit, said late on Tuesday.

International monitoring of general elections improves

International monitoring of general elections improves By Mulyana W. Kusumah JAKARTA (JP): International monitoring of general elections, to ensure free and fair polling, has improved dramatically in recent years; the result of many countries' desire to facilitate global democracy. Similar moves have also taken place at a regional level as shown by the Conference on Security and Cooperation in Europe and the Organization of American States.

Goldstake up on RI deal

Goldstake up on RI deal TORONTO (Reuter): Shares in Goldstake Explorations Inc rose sharply in heavy trading on Monday after it received a contract of work (COW) for its property in Indonesia, traders said. "They got a COW," said an equity trader. He said companies cannot drill for gold in Indonesia, on which scores of mining companies are converging, without a COW, which costs US$5 an acre.

Irian Jaya esrthquake death toll rises to 96

Irian Jaya esrthquake death toll rises to 96 JAYAPURA, Irian Jaya (JP): At least 96 people are dead, 49 missing and 44 critically injured in the aftermath of the Feb. 17 major earthquake in Irian Jaya's Biak Numfor regency, relief workers said yesterday. Second Sergeant Purwantoro of the relief aid coordination unit in Biak told The Jakarta Post by telephone that about 2,000 houses were destroyed.

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.

Domestic airlines expected to face stiff competition

Domestic airlines expected to face stiff competition By I. Christianto JAKARTA (JP): Domestic airlines have to prepare themselves for stiffer competition with foreign airlines as the government has invited foreign airlines to serve more destinations in the country in anticipation of heavy tourism by 2005.

Ten people killed during festive celebrations

Ten people killed during festive celebrations JAKARTA (JP): Ten people were killed in various accidents during the two-day Idul Fitri celebrations, the Cipto Mangunkusumo general hospital reported yesterday. The most serious incident involved Iwan Supandi, 19, and Restu Wibowo, 26, residents of Bukit Indah, Ciputat, Tangerang, who died after drinking alcohol mixed with potassium cyanide. Iwan, Restu and their friend drank the liquor on Tuesday after the Idul Fitri prayer.

Public forestry debate to be part of conference

Public forestry debate to be part of conference JAKARTA (JP): Former environment and population minister Emil Salim said a public hearing on forest management will be held as part of the Second Conference of the World Commission on Forest and Sustainable Development (WCFSD) here on March 3 and March 4.

BI under pressure to punish defiant banks

BI under pressure to punish defiant banks JAKARTA (JP): Bank Indonesia, the central bank, has been under pressure to take firm action against banks violating the legal lending limit regulation. Analysts have said firm action is needed to punish those who do not abide by the legal lending limit. Otherwise, they will continue to play cat and mouse with the monetary authority.

KL ads grow 23 percent

KL ads grow 23 percent KUALA LUMPUR (AFP): Malaysia's total media advertising expenditure for 1995 rose 23.1 percent to two billion ringgit (US$800 million), a news report said Saturday. The Malaysian advertising industry has been experiencing double-digit growth since 1989, except for 1993 when media advertising expenditure expanded by only eight percent, The Star said.

Govt initiates hospital accreditation system

Govt initiates hospital accreditation system JAKARTA (JP): The government has started a pilot project to start an accreditation system for hospitals, a mechanism which will inform the public about the standard of the facilities being offered by hospitals in the country. Minister of Health Sujudi said that 10 hospitals, mostly government-run but also include one or two private hospitals, have been assessed for the government's accreditation.

RP maid given hero's welcome

RP maid given hero's welcome MANILA (AFP): A Filipina maid who saved her three Singaporean wards, including an infant, from a Christmas day fire in the island-state arrived to a hero's welcome in the Philippines yesterday.