Indonesian Political, Business & Finance News

Archive: 23 February 1996

44 articles found

IPTN profits from UAE deal despite fine

IPTN profits from UAE deal despite fine JAKARTA (JP): The state-owned aerospace company PT IPTN profited from the recent sales of seven CN 235-100 aircraft to the United Arab Emirates (UAE) despite an undisclosed fine imposed by the buyer for the late delivery of the airplanes. "The sales of the seven aircraft gave a net profit of around four to five percent," Minister of Finance Mar'ie Muhammad told a recent hearing of the Budgetary Commission of the House of Representatives (DPR) last week.

Where to go in Bali:

Where to go in Bali: Music and entertainment * Grand Hyatt Bali, Nusa Dua: Pasar Senggol - Balinese Arts & Crafts, daily. Sunset Procession, daily. Ramayana Dance, Thursday. Legong Dance, Saturday. Arjuna Wiwaha Dance, Sunday. Rejang, Puspawresti, Belibis and Jaran Teji dances, Monday. Kecak Dance, Friday & Tuesday. Jegog Dance, Wednesday. Pesona Lounge - Live music by Philipino Guitar duo, Medi & Boy, daily. Lila Cita Fun Pub - Rakata Disc Band, Friday & Monday.

Mt. Soputan spews ashes

Mt. Soputan spews ashes MANADO, North Sulawesi: Mt. Soputan in the Minahasa regency spewed ashes and sand across a radius of 15 kilometers on Wednesday, Antara reported. Regent Karel Senduk said small eruptions of the 1,820-meter volcano occurred frequently and that the volcano was showing signs of greater activity. People living in the surrounding Tombatu and Ratahan districts did not seem to be disturbed by the development, but the regent asked them to stay on alert.

RI secondary processed plywood exports may rise

RI secondary processed plywood exports may rise JAKARTA (JP): Forest industrialists are optimistic that Indonesia's exports of secondary-processed plywood will increase this year, but fear that a lack of raw materials will hinder further growth. A.

S'pore rubber futures firm

S'pore rubber futures firm SINGAPORE (AFP): Singapore rubber futures prices firmed yesterday on short-covering by overseas traders, dealers said. Turnover rose to 4,840 tons from 1,065 tons last Friday, when the market closed for back-to-back Chinese Lunar New Year and Moslem holidays, while prices of the three rubber contracts rose about 4.5 cents each, a dealer said. March RSS 1 last traded at 229 Singapore cents, March RSS 3 at 163.5 US cents and April TSR 20 at 220 Singapore cents.

Blast in Chechnya increases tension

Blast in Chechnya increases tension MOSCOW (Reuter): Saboteurs blew up a gas pipeline in Chechnya yesterday, triggering a fierce fire and increasing tension on the eve of solemn commemorations marking the World War II mass deportation of the Chechen people. Pro-Moscow Chechen officials blamed the early morning attack, the second on an energy installation in Chechnya in two days, on rebels loyal to separatist leader Dzhokhar Dudayev.

No respite in sight for S'pore retailers

No respite in sight for S'pore retailers SINGAPORE (AFP): Singapore retailers battling fierce competition for shopping dollars in a tight consumer market saw no turnaround in sight yesterday after just-published sales figures showed dismal growth in 1995. Retail sales rose just 1.5 percent over 1994 to S$24.08 billion (US$17.2 billion) last year, thanks partly to strong consumer spending over the Christmas holidays, according to the Statistics Department.

Honest and fair election in 1997?

Honest and fair election in 1997? By Susilo Utomo JAKARTA (JP): Two issues confronting the coming elections in 1997 loom clear and sharp on the political horizon of Indonesia. One concerns principles of honesty and fairness which actually are part of the foundation of the election. This issue plays an important role in the political agenda of United Development Party (PPP) in a bid to bring about an environment conducive for a truly democratic election.

LG to invest $700m in Asia

LG to invest $700m in Asia SEOUL (Reuter): South Korea's LG Electronics Inc, a unit of LG Group LUGG.CN, said yesterday that it would invest US$700 million in Asia, excluding Japan and China during 1996-2000. A company statement said this would bring LG Electronics sales to $4 billion from the region in 2000. The company targets regional sales of $1 billion this year and $1.7 billion in 1997. LG will invest $300 million in expanding an electronics complex in Indonesia.

Whither East Asia?

Whither East Asia? For the countries of Southeast Asia the present commotion in East Asia is both a blessing and a reason for concern. The possibility is great that capital will flow out of that region in increasing amounts due to the political turmoil. This trend is bound to continue as rising labor costs put pressure on both South Korea and Taiwan.

Elderly celebrate Idul Fitri with gratitude

Elderly celebrate Idul Fitri with gratitude By Gedsiri Suhartono JAKARTA (JP): While most people celebrated Idul Fitri surrounded by their family, many senior citizens, deprived of their relatives' company, have forgotten the close ties they once had. Karsono, who has lived at the Panti Wreda IV nursing home for six years, admitted that he had never felt the urge to return home. He fell ill 10 years ago and since then has received only humiliation, scorn and rejection from his neighbors.

Orphans to get scholarships

Orphans to get scholarships BANDA ACEH, Aceh: A total of 270 children whose parents died when the KMP Gurita drowned last month off Aceh waters will receive scholarships set up by some community leaders, Antara reported on Tuesday. The Acehnese community in Jakarta has stated readiness to help high-achieving students among the orphans complete their education either here or abroad, according to a spokesman of the Aceh administration. Included in the group of benefactors was A.R.

A lesson learned?

A lesson learned? To judge by the countless tales of distress that have been circulating in Jakarta these past few days, the transportation system that was to serve those traveling home to celebrate Idul Fitri with friends and family in the provinces is just not up to the job. And considering the growing tide of Idul Fitri travelers in this country, next year seems to promise no better. Never before has Indonesia seen such gigantic crowds trapped in jams.

Is justice finally to come to Nipah village?

Is justice finally to come to Nipah village? By Ainur R. Sophiaan SURABAYA (JP): Human rights campaigners are yet to be mollified by the military's recent promise to bring to court the soldiers responsible for the death of four Nipah villagers in a 1993 land conflict in Sampang, on Madura Island, East Java. Munir of the Surabaya office of the Indonesian Legal Aid and lawyer Trimoelja D. Soerjadi, while welcoming the move, pointed out a number of things still lacking.

Yayuk Basuki still has a chance for Atlanta Games

Yayuk Basuki still has a chance for Atlanta Games JAKARTA (JP): Indonesia's tennis hopes at this year's Olympic Games in Atlanta are still alive even though Yayuk Basuki, the country's best women's singles player, dropped in the rankings this week. Wailan Walalangi, former top national player and coach, told The Jakarta Post that Yayuk's present rank of 38th in the world will not influence her participation in the Olympics.

City vows to curb flow of newcomers

City vows to curb flow of newcomers JAKARTA (JP): The only way to curb the post-Idul Fitri influx of newcomers to the capital is to enforce the provincial decree on population effectively, according to the city's governor. Governor Surjadi Soedirdja was speaking yesterday in reference to the habit of returning Jakartans bringing back relatives or friends who want to seek jobs in the city.

Road accidents mar Idul Fitri celebrations

Road accidents mar Idul Fitri celebrations JAKARTA (JP): Dozens of people were killed and many others seriously injured in road accidents around Indonesia during the two-day Idul Fitri Moslem holiday. In West Java, nine people died amidst the festivities on the second day of Idul Fitri last Wednesday. They were victims of two separate road accidents near Kampung Bojong Cigembar, Sukabumi, and Kampung Krani, Subang, Antara reported yesterday.

WB approves loan of $373m to Indonesia

WB approves loan of $373m to Indonesia WASHINGTON (Reuter): Indonesia won approval for a US$373 million loan from the World Bank to help expand the country's electricity grid, compensate people affected by power projects, and support reform of the power sector, the bank said on Wednesday.

Lippo's tie-up in Manila

Lippo's tie-up in Manila MANILA (Reuter): The Philippine Exporters Confederation Inc (Philexport) and Indonesia's Lippo Bank are scheduled to open a commercial bank by August, Philexport president Sergio Ortiz-Luis said yesterday. The bank, to be named the Export and Industry Bank, will file its application for a commercial bank license with the Central Bank next month, Ortiz-Luis told reporters. The bank will focus on trade financing packages designed for exporters, he added.

Ratelindo to install 50,000 radio phone lines

Ratelindo to install 50,000 radio phone lines JAKARTA (JP): PT Radio Telepon Indonesia (Ratelindo), the country's first private cellular digital radio telephone operator, will install 50,000 fixed-cellular telephone lines this year. The company's marketing director, Remedi Parangin-angin, announced last week that Ratelindo had thus far registered 6,000 subscribers.

Walhi takes campaign to Bangkok

Walhi takes campaign to Bangkok JAKARTA (JP): The Indonesian Forum for the Environment (Walhi) plans to voice Indonesia's concern with industrial toxins at an international non-governmental organization conference in Bangkok, which will precede next week's Asia-Europe Summit. Arimbi, Walhi's program manager for environmental law, told The Jakarta Post that she will be presenting a paper on the impact of the toxic trade during the conference.

Australia plans 'instant visa' system

Australia plans 'instant visa' system JAKARTA (JP): Australia is to experiment with a new "instant visa" system later this year which will expedite entrance permits to the country, but its embassy here says it is still too early to say when it will be applied in Indonesia. "At this point it is premature to speculate on whether or when the system might be adopted in Indonesia," Australian Embassy spokesperson Joanne Eyre told The Jakarta Post yesterday.

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.

Hindus contemplate own religious court

Hindus contemplate own religious court By Puto Wirata DENPASAR, Bali (JP): Do Hindus in Indonesia need their own courts to deal with matters pertaining to their faith? Are the district courts sensitive enough to Hindu sentiments? A polemic has developed over the past two weeks among religious and legal experts in Bali, a predominantly Hindu province, on the question of whether or not there should be a separate Hindu religious court in Indonesia.

KL prepared to go to Hague over row

KL prepared to go to Hague over row KUALA LUMPUR (DPA): Malaysia is prepared to go to the International Court of Justice (ICJ) in The Hague to resolve a row with Thailand over its plans to construct a 27 kilometer wall along the Malaysia-Thai border, officials said yesterday. But the officials stressed that the government of Prime Minister Mahathir Mohamad would first exhaust all avenues for talks with Bangkok before taking the matter to the ICJ.

RI allocates 240,000 bpd of crude in March

RI allocates 240,000 bpd of crude in March SINGAPORE (Reuter): Indonesia's state-owned oil company Pertamina has allocated between 230,000 and 240,000 barrels per day (bpd) of crude oil to its marketing affiliates in March against 210,000 bpd in February, affiliate sources said yesterday. The March volume is about the same amount allocated in January at 230,000 bpd. March allocations of key export crudes like Minas is about 70,000 bpd, while Duri is around 45,000-50,000 bpd, they said.

Pickpocket queen has son

Pickpocket queen has son SEMARANG, Central Java: A woman known in her city as the pickpocket queen gave birth to a baby boy at the Bhayangkara police hospital on the eve of Idul Fitri, Antara reported. The 28-year-old Yan alerted the guards in the local jail, where she was being detained, as soon as her labor pains began. She was rushed to the hospital in a patrol car.

Mandatory fees cause Concessionaires problems

Mandatory fees cause Concessionaires problems JAKARTA (JP): A number of forest concessionaires operating in Central Kalimantan are having difficulty at setting their annual logging plans for 1996/1997 because they lack information on the amount of mandatory forest fees they should pay, an official says. The head of the local forestry office in Palangka Raya, A.S.M.

Toll road earns Rp 740 million

Toll road earns Rp 740 million JAKARTA (JP): The state-owned highway corporation PT Jasa Marga received Rp 740.6 million from 139,174 vehicles passing through the Cikampek toll gates from Feb. 15 to 19 Antara reported that the amount was much higher than last year's figure of Rp 195 million. A total of Rp 213.5 million and Rp 254.5 million was collected on the peak days of Feb. 16, from 33,287 vehicles, and Feb. 17, from 39,595 vehicles, respectively.

Many teachers go truant

Many teachers go truant PANIAI, Irian Jaya: Around 200 elementary school teachers in this hinterland have misused health reports to escape their duties, Antara reported yesterday. The head of the local office of the Ministry of Education and Culture, J.B. Soerono, said most of the teachers visited health workers complaining of made-up ailments, requested recommendations to go to the hospital in the capital of the regency, Nabire, and disappeared for months.

RP sprinter runs as man and woman

RP sprinter runs as man and woman MANILA (Reuter): A Filipino sprinter embroiled in a long- running gender row has stumped the country's sports officials by competing in provincial athletic meets as both a man and a woman. The recent two races as man and woman by Nancy Navalta, billed last year by Manila newspapers as Asia's next sprint champion, has placed sports officials in a quandary after she qualified for the National Games in April.

Use of loudspeakers in mosques

Use of loudspeakers in mosques Recently, The Jakarta Post reprinted a letter from Republika in its letters section. In the letter, signed by a "Faithful Moslem in Depok," the writer complained that the noise coming from loudspeakers was making him feel "distant from the mosque". Perhaps this is what was meant by the writer of the Javanese Wedatama, who wrote cynically about people busily showing off at the mosque.

TV today

TV today TVRI 2:30 p.m. My Country 2:35 TV Series: Amazing 3:00 News: Lintasan Berita 3:05 Science Film: New Zealand 3:30 Science Film: Safari Ocean 4:00 News: Lintasan Berita 4:05 Quiz: Cerdas Cermat 4:30 Culture: Pelangi Budaya 5:00 Evening News 5:25 My Country 5:30 Business: Kiat Kewiraswastaan 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: Sulawesi 6:15 Village Program 6:45 Hobby: Kerajinan Rotan 7:00 Evening News 7:30 Information: Dynamic 8:00 News: Lintasan Berita 8:05...

Holiday mood prevails in Jakarta

Holiday mood prevails in Jakarta JAKARTA (JP): Idul Fitri fever was still affecting the city yesterday as government offices, roads, businesses and shopping centers were largely vacant. Offices reported leave-taking of up to 35 percent. Those who turned up at work complained of difficulty in getting public transport. But once on board, journeys that usually took two hours, for instance from Bekasi, East Jakarta, to Senen, Central Jakarta, took as little as 40 minutes.

Early birds get bonuses

Early birds get bonuses SEMARANG, Central Java: The provincial government hoped to beat many employees' die-hard habit of prolonging the two-day Idul Fitri holiday by giving a bonus of Rp 20,000 (approximately US$8) to people who showed up for duty as scheduled yesterday. Antara reported that the office of the Central Java provincial secretariat spent Rp 8.28 million yesterday on the 414 of its some 1,500 employees who arrived at 7 a.m. sharp for roll call.

Military launches operation to hunt down Irian rebels

Military launches operation to hunt down Irian rebels JAKARTA (JP): The military in Irian Jaya has launched an operation to hunt down separatist rebels who abducted a French and an Indonesian mining prospectors in the Paniai regency. The two hostages were freed within 24 hours on Wednesday in an operation that involved shooting between the military and rebels. Noone was hurt in the rescue mission. Paniai military chief Lt. Col.

Legislators hail funding for jet plane project

Legislators hail funding for jet plane project JAKARTA (JP): Members of the House of Representatives praised President Soeharto yesterday for initiating a novel way of raising funds to finance the development of a Rp 2 billion jet plane project without tapping the government's resources. B.N. Marbun, Moestahid Astari and Hamzah Haz said they all supported the President's move to finance the project by means of establishing a company which will raise the money from the public.

Experts doubt PPP bill will get anywhere

Experts doubt PPP bill will get anywhere YOGYAKARTA (JP): The United Development Party's (PPP) initiative to have the electoral law reformed, while laudable, is doomed to fail because it faces mighty hurdles the minority party cannot overcome, two political observers concluded. For one, the party will unlikely get the necessary support to have the "bill on initiative", the instrument which the PPP hopes will lead to electoral reform being included in the House's agenda, the observers said.

Police arrest African youth on drug charges

Police arrest African youth on drug charges JAKARTA (JP): The Jakarta Police Narcotics Division has arrested a foreigner charged with heroin trafficking, the head of the division said yesterday. The suspect was arrested in a room in Plaza Hotel in the Mangga Dua area in West Jakarta in a predawn raid on Tuesday, Lt. Col. Djoko Satrio told The Jakarta Post. Having managed to escape from detention at police headquarters on Oct.

Slow relief operation upsets quake victims

Slow relief operation upsets quake victims JAYAPURA, Irian Jaya (JP): Tension mounted among local officials in Irian Jaya yesterday over the slow pace of the government's operation to send relief aid to the victims of Saturday's devastating earthquake off Biak Island. Officials in Jayapura admitted that the dispatch of the relief aid had been slow, but this was chiefly because of poor transportation facilities rather than lack of stocks.

Historian to receive honor

Historian to receive honor YOGYAKARTA: Leading historian Sartono Kartodirdjo of Gadjah Mada University will receive an honorary doctorate degree in June from Humboldt University in Berlin, Germany, for inventing the "multi-visionary" approach to history. Antara quoted a professor at the oldest university in Berlin, Dr. Ingrid Wessel, as saying yesterday that most historians used limited academic approaches, such as the political or economic sides of history.

Three top badminton stars deserve Olympic berths

Three top badminton stars deserve Olympic berths JAKARTA (JP): The Badminton Association of Indonesia needs to declare that its top three singles players deserve Olympic berths, national head coach said yesterday. Head coach Indra Gunawan said that such a definite statement would shield the players from "frustrations caused by a struggle for nothing" in their quest for the Olympic Games in Atlanta, Georgia this summer.

Visa cardholders spend 22% more

Visa cardholders spend 22% more JAKARTA (JP): Visa cardholders from overseas spent a total of US$287 million in Indonesia in the year to Sep. 30 last year, 22 percent more than the previous year, Visa International said in a press release yesterday. Of the total, 55-percent was spent by cardholders coming to Indonesia from other Asia-Pacific nations.

AS Roma and Lazio may entertain lokal fans

AS Roma and Lazio may entertain lokal fans JAKARTA (JP): Soccer fans here are in for a rare treat. Two Italian League Serie A soccer clubs, AS Roma and Lazio, are scheduled to lock horns in the Senayan Main Stadium on May 27. However, the two clubs of Rome may leave their top players at home for the European championship finals in England (June 8 to June 30).