Indonesian Political, Business & Finance News

Archive: 19 March 1996

42 articles found

Govt warns election watchdog

Govt warns election watchdog JAKARTA (JP): The National Election Supervision Committee yesterday warned the activists who formed an independent watchdog to monitor the 1997 election to stay out of its way. Attorney General Singgih, who heads the committee, said the presence of a committee outside the formal structure is not a problem as long as it does not violate the law and does not interfere with the election itself.

Sisindosat looking for strategic partners

Sisindosat looking for strategic partners JAKARTA (JP): PT Sisindosat Lintasbuana, a sister company of state-owned PT Indosat, is looking for strategic partners to enhance the performance of its value-added telecommunications services. "Strategic alliances are inevitable in this competitive telecommunications and information technology market," Sisindosat's president, A.M. Suseto, said yesterday.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on March 18, 1996: Shares Close Change Trading Volume ------------------------------------------------------------- Ades Alfindo 900 -50 4,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 1,975 0 0 Aneka Kimia Raya 3,375 0 0 Anwar Sierad 2,250 0 643,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 2,675 0 0 Argo Pantes 1,800 0 0 Asahimas Flat 3,025 -50 599,500 Asiana IMI Indusrties 1,100...

Newmont starts producing gold in North Sulawesi

Newmont starts producing gold in North Sulawesi JAKARTA (JP): PT Newmont Minahasa Raya, an Indonesian- Australian joint venture, will soon start producing 100,000 ounces of gold bullion per annum in Minahasa, North Sulawesi, the company announced in Manado yesterday. "After conducting explorations since 1986, we'll start producing gold," John AS Dow, the president of the foreign mining company, said in Manado yesterday.

Mobile Selular gets $60 million loan

Mobile Selular gets $60 million loan JAKARTA (JP): PT Mobile Selular Indonesia (Mobisel), a private cellular telecommunications provider, signed an agreement yesterday on a US$60 million credit facility with Nissho Iwai International of Japan. Mobisel is 70 percent owned by PT Rajasa Hazanah Perkasa, 25 percent by state-owned PT Telkom and 5 percent by Telkom's employee pension fund.

Harmoko backs general's claim on ruling Golkar

Harmoko backs general's claim on ruling Golkar JAKARTA (JP): Golkar chairman Harmoko yesterday backed Army Chief Gen. Hartono's controversial claim that every member of the Armed Forces (ABRI) is a cadre of the ruling political group. Harmoko, the first civilian to head Golkar since it was founded by the military in 1964, stressed that ABRI has chosen his organization to channel its political interests.

Govt turns down PT Freeport closure demands

Govt turns down PT Freeport closure demands JAKARTA (JP): State Minister of National Development Planning Ginandjar Kartasasmita rejected yesterday petitions by some Irian Jaya tribal chiefs that the PT Freeport Indonesia mining operation be closed down. Ginandjar did admit, however, that Freeport, an American mining company, has contributed to economic disparity in Irian Jaya. "It's impossible to close Freeport because there is strong reasons it is operating there.

Police force adapting to challenges: Feisal

Police force adapting to challenges: Feisal SEMARANG (JP): Armed Forces Chief Gen. Feisal Tanjung said yesterday that the National Police force is working to adapt to changing circumstances. "I'm encouraged to see that the growing challenges to public security and order have been accompanied by the strong resolve and spirit of the National Police to solve the problems at hand, in spite of shortcomings and various obstacles," Feisal said.

Fire destroys furniture shop

Fire destroys furniture shop TANGERANG (JP): Fire ravaged a furniture factory located on Jl. Yos Sudarso Tangerang on Sunday night. No fatalities were reported and the amount of financial damage is still uncertain. Eyewitnesses said the fire started at about 9 p.m. in a finishing room where the factory's drier machines are operated and was not extinguished until 3 a.m on Monday. An electrical short circuit is believed to have caused the fire, though police have yet to make any confirmation.

Election watchdog

Election watchdog Anyone who dreams of a more democratic Indonesia should applaud the establishment of the Independent Election Monitoring Committee (KIPP) in Jakarta last week. The presence of the independent watchdog will of course not improve Indonesia's democracy overnight, but it proves that there is a strong and growing demand among the Indonesians, particularly the middle class, for more say in shaping the country's future.

Asian palm oil prices to remain steady this week

Asian palm oil prices to remain steady this week KUALA LUMPUR (Reuter): Asian palm and laurics oil prices will hold steady this week, regional traders said yesterday. They said Indonesian palm prices would be fueled by a supply shortage but that their upside could be capped by government intervention. Indonesian traders said market operations by state commodities regulator Bulog, that began last Monday, were expected to put pressure on prices that rose sharply last week due to supply woes.

Polluted Ciliwung kills mounds of fish

Polluted Ciliwung kills mounds of fish JAKARTA (JP): Thousands of fish were found dead and floating in the Ciliwung river over the weekend, city environmental officials reported yesterday. The head of the city's environmental study and monitoring office, Ali Rozy, said at City Hall that his office as well as the city's fishery agency are checking into the incident.

Indonesia eyes Polish technological expertise

Indonesia eyes Polish technological expertise JAKARTA (JP): Indonesia is hoping to benefit from Polish industrial technological expertise, particularly in shipbuilding, through the current state visit of Polish Prime Minister Wlodzimierz Cimoszewicz. Minister/State Secretary Moerdiono said that during a brief exchange of words between Cimoszewicz and President Soeharto yesterday, the two leaders discussed possible cooperation between the two countries in a variety of areas.

Danamon-EDS venture

Danamon-EDS venture JAKARTA (JP): The Danamon Group of Indonesia and Electronic Data Systems (EDS) Corp. of the United States agreed yesterday to form a joint venture on information technology services. The new venture, to be named PT Danamon-EDS Technology Services, will provide and manage the information technology- related infrastructure at publicly-listed Bank Danamon, including its data center, automated teller machines, credit cards as well as communication and computer networks.

Howard to visit Asian countries later this year

Howard to visit Asian countries later this year SYDNEY (AFP): Australian Prime Minister John Howard is likely to visit Japan, South Korea and Indonesia later this year to underpin his commitment to economic engagement with the region, government sources said yesterday. Howard, whose conservative coalition romped to a landslide victory in the March 2 election, may also visit Malaysia on his trip, which is likely in July during the scheduled parliamentary winter recess.

Boar bloodbath in Bengkulu

Boar bloodbath in Bengkulu BENGKULU, Bengkulu: During the last week around 300 crop- damaging wild boars have been shot dead by members of the Indonesian Target Shooting and Hunting Association. The head of the team, which comes from Central Java, Rustam Sentiko, said Friday that the efforts to exterminate wild boars in the area have been carried out since 1985, when 5,000 wild boars were killed.

Gemini to lose concession

Gemini to lose concession JAKARTA (JP): The government is revoking PT Gemini Timber Joint Corp.'s exploitation rights over its forest concession in the Kolaka district of Southeast Sulawesi, the province's governor said. Governor Laode Kaimuddin told a recent hearing with the provincial council that Gemini owes more than Rp 1 billion (US$428,000), mostly to the government, in unpaid taxes and unpaid reforestation fees.

Ministry attempts to boost efficiency

Ministry attempts to boost efficiency JAKARTA (JP): Minister of Industry and Trade Tunky Ariwibowo said yesterday that his ministry is trying to boost efficiency by providing better services to private sector businesses. "How can our business sector be more efficient and more competitive in the coming era of trade liberalization if our bureaucracy is not efficient and does not provide better services," Tunky announced after opening a consolidation meeting of his ministry.

Police arrest marijuana farmer

Police arrest marijuana farmer MEDAN, North Sumatra: Police have arrested a farmer in the Tanah Karo regency and confiscated around 100 marijuana plants he had allegedly grown in his field, Antara reported yesterday. Police spokesman Lt. Col. Leo Soekardi said Masni, 43, a resident of Bulu Pancur village, is currently being questioned.

Driver stabbed to death

Driver stabbed to death JAKARTA (JP): A driver was stabbed to death on Saturday in a fight with four criminals who robbed his girlfriend in Cawang, East Jakarta. The brother of the driver, Malik, told The Jakarta Post at his house yesterday that Tulus, 23, was trying to catch one of the four thugs who had robbed Yanti of her necklace. According to Malik, who quoted eyewitnesses and police officers, during the fight one of the four men stabbed him in the waist.

Habitat II: Coping with looming issues of urbanized world

Habitat II: Coping with looming issues of urbanized world JAKARTA (JP): The world is steadily becoming more urban, as people move to cities and towns. They search for employment and educational opportunities and higher standards of living, migrating from rural lands that can no longer support them. Today, almost half of humanity lives in urban areas, and the urban population is growing two and a half times faster than its rural counterpart.

Bambang to lead SEAG consortium

Bambang to lead SEAG consortium JAKARTA (JP): The 19th Southeast Asian Games Organizing Committee yesterday named President Soeharto's eldest son Bambang Trihatmodjo coordinator of an underwriting consortium for the biennial sporting event. Committee chairman Wismoyo Arismunandar said that the decision was taken during a meeting at the Ministry of Youth Affairs and Sports yesterday morning.

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: Los Morenitos Vocal Group, Monday, Thursday, Sunday from 7:15 p.m. to 11 p.m.; Los Paraguas Vocal Group, Tuesday, Wednesday, Friday, Saturday from 7:15 p.m. to 11 p.m.

Minority parties voice growing frustration

Minority parties voice growing frustration YOGYAKARTA (JP): The massive rallies held over the weekend by minority party supporters indicates a growing frustration with the ruling Golkar organization's political maneuvering, political observer Riswanda Imawan said yesterday. The lecturer at Gadjah Mada University's School of Social and Political Sciences said that the masses are "tired of keeping their mouths shut in the face of (Golkar chairman) Harmoko's maneuvers".

HK, Taiwan marts make slight gains

HK, Taiwan marts make slight gains HONG KONG (Reuter): Asian stock markets showed little movement yesterday with Taipei and Hong Kong shares closing slightly higher despite China's new round of war drills near Taiwan. Taiwan's weighted index, recently buoyed by a government stabilization fund, weathered the tension to end up 0.57 points, or 0.01 percent, to finish at 4,941.42.

Ting Seen to set up fish processing plant

Ting Seen to set up fish processing plant JAKARTA (JP): PT Ting Seen Banda Sejahtera will establish canned fish and fish meal plants in Tual, in the southeastern part of Maluku province, with an investment of US$200 million. "The construction of the plants will start this month. The company has already acquired 131 hectares of land at a cost of Rp 2.6 billion (US$1.1 million) for the factories," the speaker for the Malra district's legislature, A.G. Wokanubun, said in Tual over the weekend.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Songs 3:05 Music: Diletansia 3:30 Film: Road to Avonlea 4:00 News: Lintasan Berita 4:05 Film: Road to Avonlea (continued) 4:30 Science Film: The Great Day of Century 5:00 Regional News 5:30 English Lessons: Idiomatic Expression 6:05 Nusantara, the Beloved Country: Kalimantan 6:15 Village Program 7:00 Evening News 7:25 Nationality:Garuda Pancasila/Filler/Trailer 7:30 Discussion: Wawasan 8:05 Traditional Drama 9:00 World News 9:30...

Discipline

Discipline From Media Indonesia In the effort to uphold discipline people should be encouraged, sometimes forced, to queue when asking for service in banks, offices and at bus stops, etc. Everyone should get equal treatment. I have noticed that metal dividers have been erected at many bus stops and passengers are expected to queue for buses. Fortunately those with a better education realize the need to respect others' rights and have greater sense of discipline in societal life.

Crisis of Taiwan

Crisis of Taiwan At the time of the Tang dynasty, and later during the Yuan and Ming dynasties, the Indonesian empires of Sriwijaya and Majapahit covered a larger part of the archipelago, including Malaysia's peninsular. Many of the actual political boundaries are, in fact, the inheritance of recent and more or less artificial colonial divisions.

Moving Bali

Moving Bali From Suara Karya I read in the Kompas daily on March 3, 1996, that there is a Bali Village project in A Kung Tien, South Taiwan. It was built by Kung, whose mother comes from Surabaya, East Java. About 80 artists and craftsmen were recruited from Bali. There were also waiters and shop assistants. The aim of the Bali Village project is to present the art and culture of Balinese life. Visitors to the complex are charged Rp 32,000 each.

Feasibility studies key to small company's progress

Feasibility studies key to small company's progress JAKARTA (JP): Manpower Ministry and state-owned Bank Rakyat Indonesia started yesterday a one week-course on entrepreneurship feasibility for small and medium-scale businesspeople to help them obtain collateral free loans. Minister of Manpower Abdul Latief at the opening ceremony in his office yesterday said that the program is meant to help the entrepreneurs correctly produce a feasibility study on their businesses.

Murder case takes new twist

Murder case takes new twist JAKARTA (JP): The blood found in the house of the main murder suspect, Philipus, matches the three murder victims' blood types, a court was told yesterday. Forensic experts who took blood samples in the victims' house in the Bambu Apus subdistrict of East Jakarta, told the court that the blood types matched the blood found in Philipus' house. Philipus is suspected of having murdered a woman and her three children on Oct. 2 last year.

Police wage war on gambling

Police wage war on gambling SEMARANG: Police said yesterday that they will take firm measures against gambling in the Central Java capital city and those caught in red handed will be processed according to the. Maj. Gen. Harimas AS, chief of the Central Java police, said in a ceremony at Meteseh village near here that the police will never compromise with gamblers and said he also suspected some gamblers of operating at cock fights.

Bank audit seminar

Bank audit seminar JAKARTA (JP): PT Auditsi Utama, which offers internal audit services for banks, will host a three-day seminar on the integrated auditing of banking applications at the Grand Hyatt hotel next month. The company's president, Ismail Sumaryo, said yesterday that the seminar will cover the auditing of electronic data processing as well as conventional auditing such as lending auditing, retail banking auditing, auditing on credit and debit card operations. (rid)

Youths learn trades in Japan

Youths learn trades in Japan PADANG, West Sumatra: Forty-six local youths left for Japan on Sunday to take part in an apprenticeship program in a number of companies, Antara reported yesterday. The head of the provincial manpower office, Fachri Thaharuddin, said each of the youths will get a monthly allowance of 80,000 yen (approximately US$ 761), as well as having all other expenses paid by the companies.

Quest for victory drains national shuttlers: Icuk

Quest for victory drains national shuttlers: Icuk JAKARTA (JP): "Exploitation" and no freedom of expression could explain why Indonesian top shuttlers flopped in the just concluded All England, according to Icuk Sugiarto. The 1983 world champion told The Jakarta Post yesterday that the Badminton Association of Indonesia (PBSI) has, in a sense, "exploited" them by fielding them too often in many tournaments without giving them the option to say "no". "There are too many tournaments out there.

Australia may adopt pragmatic Asian policy

Australia may adopt pragmatic Asian policy By Michael Perry SYDNEY (Reuter): Australia's new conservative government seems determined to quickly build bilateral bridges with Asia through a series of official visits and by using a special envoy to help with difficult relations. Within days of taking office, the Liberal-National coalition government, led by Prime Minister John Howard, announced the first visit by a Malaysian prime minister in 12 years.

Two people die as riots rock Jayapura

Two people die as riots rock Jayapura JAKARTA (JP): A market was torched and several cars and houses damaged as hundreds of students and youths ran riot in Jayapura yesterday, officials and residents in the Irian Jaya capital said. An official at the emergency room of the Jayapura General Hospital said two people had died and three others were injured in the riot. "One person was stabbed, and another was gored by a machete. Both of them are dead.

Pasaraya near closing time

Pasaraya near closing time On March 16, 1996, my young daughter and I were shopping at the Pasaraya department store in Blok M, South Jakarta. At 9:00 p.m. we were asked to leave by the young floor manager, who stated that they wished to close 30 minutes early. Upon trying to leave from the seventh floor I discovered that the only way down, the escalator, was locked up and inaccessible. Of the two small capacity and slow elevators, only one was in operation.

DongNam joins Clemont

DongNam joins Clemont JAKARTA (JP): DongNam Bank of South Korea plans to acquire a 50 percent stake at PT Clemont Finance Indonesia Corp., a multi- finance firm affiliated to the Korindo Group of Indonesia. After the entrance of DongNam Bank, the multi-finance firm will be renamed into PT DongNam Clemont Finance Indonesia, with DongNam taking a stake of 50 percent, PT Clemont Financing Co. Ltd. 35 percent and PT Tecwin Jaya Development 15 percent.

Postal Internet service

Postal Internet service BANDUNG, West Java (JP): State-owned postal service company PT Pos Indonesia (Posindo) plans to expand the network of its Internet service to the capitals of the country's 27 provinces by the end of this year. The company's marketing director, Sumitro Roestam, told The Jakarta Post here yesterday that such an extensive network will give it superiority over other local Internet providers.

Robbers kill servant

Robbers kill servant TANGERANG (JP): A servant was killed in his employer's house in Ciledug, Tangerang yesterday afternoon. Police assume the murder was premeditated and conducted by acquaintances of the victim. No force seemed to have been used to enter the house. Witnesses told police that Jejen, the victim, was apparently alone in the house. His colleague, Didi, had left to pay the electricity bill. The owner of the house, Anwar, is a lawyer.