Indonesian Political, Business & Finance News

Archive: 2 March 1996

54 articles found

UN to host meeting on how to save global rubber pact

UN to host meeting on how to save global rubber pact KUALA LUMPUR (AFP): A United Nations body is to host a meeting of rubber producers and consumers in Geneva on March 28 to salvage a new global price pact now in limbo for want of consumer support, officials said yesterday.

No epidemic in Wamena: Minister

No epidemic in Wamena: Minister JAKARTA (JP): Minister of Health Sujudi yesterday denied media reports that an outbreak of upper respiratory disease has killed 177 people in two districts in Wamena, Irian Jaya. "There is no epidemic in Wamena," Sujudi told The Jakarta Post by phone from Biak, northern Irian Jaya, where he was overseeing the relief aid operation for victims of last month's earthquake.

Truck driver killed

Truck driver killed JAKARTA (JP): A truck driver was found dead yesterday with two stab wounds in the stomach in front of a rice stall in Ciracas, East Jakarta. The chief detective of the Ciracas police, Second Lt. Sugito, speculated that Suwandi, an independent truck driver, was stabbed by a man with whom he was involved in a fight two years ago. "A grudge is probably behind the killing," Sugito said, assuming that the alleged killer had been biding his time for revenge.

Fire guts university library

Fire guts university library JAKARTA (JP): Hundreds of thousands of books and reports of scientific researches were lost when fire gutted Udayana University's library in Denpasar, Bali, yesterday afternoon. The Antara news agency reported that only smoking debris was left of the two-story building. Chief librarian Tirtayasa said that only a small number of the library's collection of 200,000 books were salvaged.

Radio broadcast

Radio broadcast From NERACA I would like to thank Radio Republic of Indonesia (RRI) for its coverage of the exodus of people from Jakarta during Idul Fitri. I was on the road to my home town Gunung Kidul, Yogyakarta. The information given by the government-owned radio station was very useful for people in Gunung Kidul because many of them have relatives working in Jakarta. Obviously they are anxious to know about their relatives' condition, particularly during Idul Fitri.

Rubber prices may plunge this month

Rubber prices may plunge this month SINGAPORE (Reuter): Rubber prices, now buoyed by seasonal factors, could move lower in coming weeks as the market lacks strong fundamental support, delegates at an industry meeting said yesterday. They said at the ASEAN Rubber Business Club meeting that firm prices, supported by unusually heavy rains and the current wintering period when latex flow is minimal, were favorable for both growers and traders.

Ministry to look into PPD drivers' complaints

Ministry to look into PPD drivers' complaints JAKARTA (JP): The Ministry of Manpower has instructed its local office to look into complaints by state-run PPD bus company workers -- mostly drivers -- about poor working conditions, the ministry's director for labor standards said recently.

Myanmar wrestles with high inflation

Myanmar wrestles with high inflation By Aung Hla Tun YANGON (Reuter): Rocketing prices of essentials such as rice and cooking oil have sent inflation soaring in recent months, ringing alarm bells in impoverished Myanmar. So severe is the problem that the military government has taken action to curb runaway prices, heading off the type of crisis that brought down the previous socialist government in 1988, private analysts and government sources told Reuters.

Reactor reaction

Reactor reaction Norman Rubin's letter on Feb. 19, 1996, Indonesia: Nuclear reactor accuses me of making statements publicly in Indonesia which "no one would dare make in Canada." Not so. I stand behind every word in my letter, here or in Toronto. I'm not sure he could do the same: He can't even count the number of operating reactors in Ontario correctly (there are 19, not 12).

Military's election promise applauded

Military's election promise applauded SEMARANG (JP): A politician and an intellectual yesterday welcomed the military's promise to look into allegations of riggings at the next general election and to rectify them. The promise, made by Armed Forces (ABRI) Chief of Sociopolitical Affairs Lt. Gen. Syarwan Hamid in Jakarta on Thursday, shows the military's intention to strengthen democracy in Indonesia, they said.

Indonesian archery team misses Asian target

Indonesian archery team misses Asian target JAKARTA (JP): Indonesia left the IX Asian Archery Championships in Bangkok empty-handed on Thursday, but kept its Olympic hopes alive. The national men's trio of Hendra Setijawan, Syafrudin Mawi and Ditto Rembran had their dreams of making an Olympic debut in Atlanta dashed after crashing out to Chinese Taipei in their quarterfinal duel. The Taiwanese took the gold medal with a surprising 235-232 win over favorite South Korea.

Giant statue project halted

Giant statue project halted DILI, East Timor: The construction of a 25-ton statue called Kristus Raja (Christ the King) in Fatukama Bay has been halted due to a shortage of funds, Antara reported. The project, which began in 1994, was expected to be completed in time for the commemoration of the 20th anniversary of East Timor's integration into Indonesia on July 7. President Soeharto is scheduled to inaugurate the giant statue then.

Church services

Church services * Catholic Church, University of Atmajaya, Jl. Jend. Sudirman: Saturday 5:30 p.m., Sunday, 9 a.m., 10:30 a.m. (with songs) and 5:30 p.m. * First Church of Christ, Scientist, Jl. Teuku Cik Ditiro 48, Menteng, Central Jakarta: Services on Sunday at 9:30 a.m. (in Indonesian) and 8 a.m. (in English). * All Saints' Anglican Church (opposite The Aryaduta Jakarta), Jl. Arif Rahman Hakim No. 5, Central Jakarta: Services on Sunday at 7:30 a.m., 9 a.m. with Sunday School.

Bangkok summit finds synergy

Bangkok summit finds synergy By Riyadi and Meidyatama Suryodiningrat BANGKOK (JP): Leaders from 25 Asian and European countries began their historic summit yesterday finding that differences remain between the two continents but that there was great potential for synergy on many issues. On the first day of their two-day summit, the leaders reviewed economics, politics and also more controversial areas, including the widely-debated issue of the World Trade Organization.

Hundreds ill during exodus

Hundreds ill during exodus BANDAR LAMPUNG, Lampung: A total of 444 passengers of ferries crossing through the Bakauheni port, South Lampung, from Java to Sumatra or vice versa, during the recent Idul Fitri exodus suffered from various ailments and sought medical help at the port's clinic. The Antara news agency reported that during last year's exodus, only 200 people sought medical attention at the clinic.

Tattooed corpse found in Ciputat

Tattooed corpse found in Ciputat JAKARTA (JP): An unidentified bare-chested man was found dead yesterday in Ciputat, South Jakarta, with three gunshot wounds and several bruises on his abdomen and head. The man had tattoos on his hands and back but no documents were found which might have helped the police identify him. His face was covered in bruises and he was only wearing a red training suit. When asked whether the man was shot by the local police, South Jakarta police chief Lt. Col.

Wrong economic data causes city's traffic congestion

Wrong economic data causes city's traffic congestion JAKARTA (JP): Faulty forecasting of economic and population growth in Greater Jakarta has resulted in worsening traffic problems, an official says. The vice chairman of Jakarta, Bogor, Tangerang and Bekasi Development Cooperation Board, Andjat D. Lamey, said yesterday that a transportation research conducted in Jakarta in 1972 made mistakes in predicting economic and population growth.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on March, 1, 1996: Shares Close Change Trading Volume ------------------------------------------------------ Ades Alfindo 800 -25 1,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,375 0 0 Andayani Megah 2,100 100 33,500 Aneka Kimia Raya 3,600 0 3,000 Anwar Sierad 1,900 175 1,274,500 Aqua Golden Mississippi 2,100 0 0 Argha Karya Prima Industry 2,600 25 69,500 Argo Pantes 1,800 0 100,000 Asahimas Flat 3,050 0 774,500 Asiana IMI...

S'pore oil products market gets mixed response from fuel oil rise

S'pore oil products market gets mixed response from fuel oil rise SINGAPORE (Reuter): Singapore oil products market were mixed with fuel oil continuing to rise, while gas oil recovering later in the day after recent falls, traders said yesterday. Jet fuel remained firm with demand emerging from China. A Chinese buyer was making enquiries for March cargoes, while Taiwan is seeking a second-half April cargo.

Officials silent on Oki's dossier

Officials silent on Oki's dossier JAKARTA (JP): Officials at the Jakarta Provincial Prosecutors' Office kept their cards close to their chests yesterday over the dossier of Oki, who is accused of committing three murders in Los Angeles. The head of the office, Djenal Achmad, refused to answer reporters' questions on the case, saying "I am not competent to speak on this.

Most Asian stock exchanges trading higher

Most Asian stock exchanges trading higher HONG KONG (Reuter): Tokyo stocks benefited yesterday from an economic report that eased fears of an imminent interest rate rise and most other Asian bourses also ended higher. Only Singapore was down while Bangkok and Seoul were closed for holidays. Manila stocks were the star performers, the key index adding 2.27 percent, and Taiwan's market was up 1.66 percent on bargain- hunting.

Logam Sari Bearindo to triple production

Logam Sari Bearindo to triple production JAKARTA (JP): PT Logam Sari Bearindo, a producer of vehicle bearings, will invest an additional Rp 15 billion (US$6.5 million) to triple its production capacity to 30 million, the company's president, Agus G. Kartasasmita said yesterday. "We will increase our annual production of the vehicle component to 30 million deep grove ball bearings from the current 10 million," Agus told the press.

Govt urged to lift duties on telecoms equipment

Govt urged to lift duties on telecoms equipment JAKARTA (JP): Telecommunications executives have urged the government to eliminate import duties on the terminals of radio paging, satellite-based and radio trunking telecoms services to increase the use of such equipment.

Indonesia downplays Soeharto-Guterres meeting

Indonesia downplays Soeharto-Guterres meeting BANGKOK (JP): President Soeharto and Portuguese Prime Minister Antonio Guterres met briefly on Thursday night, marking the first time that leaders of the two countries met since diplomatic ties were broken off in 1976 over the East Timor question. But as Guterres made the most of the media publicity from the meeting, the Indonesian camp downplayed some of the claims that the Portuguese prime minister was making.

Transport for tomorrow

Transport for tomorrow Much has been written on the state of public transportation in Jakarta, though myriad questions remain as to what the administration is really doing to resolve the chronic chaos. The problem is complex. The city's roads, inadequate in total length and number, are usually cited as the main culprits. However, experts argue that additional roads will not solve the problem as long as the number of vehicles, private cars especially, continues to increase at its current pace.

Indonesian gold miners rated

Indonesian gold miners rated PERTH (Reuter): Stockbroker Hartley Poynton Ltd said Newcrest Mining Ltd was its preferred low-risk recommendation among Australian mining companies operating in Indonesia. In a research report, the broker named Gasgoyne Gold Mines NL as its medium-risk recommendation and Giralia Resources NL as its high-risk recommendation.

Women's cinema: Who is imaged most of all?

Women's cinema: Who is imaged most of all? By Jane Freebury JAKARTA (JP): The first women's film festival was mounted in 1972 in Edinburgh, Scotland. Big films with broad appeal romped across the screen, playfully engaging even the most sober-minded viewer.

Golden Hope's palm deal

Golden Hope's palm deal KUALA LUMPUR (Reuter): Golden Hope Plantations Bhd said it plans to spend 600 million ringgit to turn about 72,000 hectares (177,916 acres) of agricultural land in west Kalimantan, Indonesia, into oil palm plantations. Golden Hope Overseas, a wholly owned unit of Golden Hope Plantations, will team up with Indonesia's PT Multi Cipta Lahan Subur of the Benua Indah Group to carry out the work, Golden Hope Plantations said in a statement released late on Thursday.

Eliminating corruption

Eliminating corruption From Neraca I am relieved to hear the good news that levies imposed on traders will be abolished. This will enable traders to pay their workers better and improve their Idul Fitri bonus. I look forward to the immediate implementation of the regulation. Another serious problem is the hidden levies enjoyed by a few people. Will corruption also be reduced or acted against?

Quakes shake Dieng fumarole

Quakes shake Dieng fumarole BANJARNEGARA, Central Java: Sixty-two quakes have for the past two months jolted Dieng Plateau, Banjarnegara regency, Antara reported. Spokesman of the Banjarnegara administration, Setiawan, said it is time for the local people to be on the alert over the possible explosion of toxic gas from the fumaroles there.

Worker dies from hot steam burns

Worker dies from hot steam burns JAKARTA (JP): An employee of a private steel company located in Pulogadung, East Jakarta, died on Thursday evening after three weeks of treatment for severe burns at the Cipto Mangunkusumo general hospital. Syaifullah, 27, a worker at PT Pulogadung Steel, and his three co-workers were rushed to the state-owned hospital early last month after hot steam burned their unprotected bodies and faces, hospital sources said yesterday.

Government to establish juvenile court

Government to establish juvenile court JAKARTA (JP): The government yesterday initiated moves towards establishing a juvenile court, a long awaited move because child delinquents at present are being tried in district courts. Minister of Justice Oetojo Oesman submitted a bill on juvenile courts, and another on territorial waters, during a plenary session of the House of Representatives chaired by Deputy Speaker Soetedjo.

Five RI boxers qualify for Olympic Games

Five RI boxers qualify for Olympic Games JAKARTA (JP): Indonesia's Pino Bahari and Hermensen Ballo did it their own way at the Asia Olympic qualifying tournament in Bangkok on Thursday. Middleweight Pino fought tooth and nail before outscoring home favorite Buncha Malison to grab an Olympic berth. In the flyweight three-rounder earlier in the day, Hermensen dominated Khaled Falah of Syria to secure the coveted ticket.

Loan and interest payments above budget

Loan and interest payments above budget JAKARTA (JP): Loan and interest payments during the current fiscal year ending in March are estimated to reach Rp 21.43 trillion (US$9.37 billion) or 17.7 percent more than the budgeted total of Rp 18.21 trillion, Minister of Finance Mar'ie Muhammad said yesterday. Mar'ie told the House of Representatives that the unexpectedly high payments were due to a faster realization of domestic and foreign loan repayments.

Burglars steal Rp 70m from PT Ajinomoto

Burglars steal Rp 70m from PT Ajinomoto JAKARTA (JP): Six robbers yesterday broke into the office of PT Ajinomoto Indonesia, a joint-venture firm located in North Jakarta, making off with around Rp 70 million in cash. The robbers, armed with sharp weapons and using a Kijang van, broke into the office compound by scaling the back gate, North Jakarta Police Chief Lt. Col. Abubakar Nataprawira told The Jakarta Post. "The robbery occurred at around 2 a.m.," Abubakar said.

Public hearings need to be taken seriously

Public hearings need to be taken seriously A two-day public hearing on forest management starts in Jakarta today. Arief Budiman takes a close look at this unprecedented event. SALATIGA, Central Java (JP): Former environment and population minister Emil Salim said over the weekend that a public hearing on forest management will be held in Jakarta today and tomorrow. The public hearing is part of the ongoing Second Conference of the Word Commission on forestry and sustainable Development.

Irian rebels split over hostages' release

Irian rebels split over hostages' release JAKARTA (JP): A rift among rebel separatists in Indonesia's eastern province of Irian Jaya is the reason why the 12 hostages kidnapped almost eight weeks ago have not been freed, a source close to the rescue operation said yesterday. One of the rebel leaders, Kelik Kwalik, has reportedly received orders from the Free Papua Movement leaders in exile that he should release the hostages as their quest for international attention has been met.

Branta Mulia's $35m loan

Branta Mulia's $35m loan HONG KONG (Reuter): PT Branta Mulia Teijin Indonesia has mandated Societe Generale Asia and Sumitomo Bank to arrange a US$35 million term loan facility, the arrangers said. The facility carries a maturity of seven years and repayment will be by nine semi-annual equal installments after three years' grace period. The borrower is jointly owned by PT Branta Mulia with 70 percent and Teijin Limited of Japan with 30 percent.

Timorese leaders hail Soeharto-Guterres meet

Timorese leaders hail Soeharto-Guterres meet JAKARTA (JP): Two senior East Timorese politicians yesterday welcomed the meeting between President Soeharto and Portuguese Prime Minister Antonio Guterres, saying that the event raised hopes for a diplomatic solution to the East Timor question. F.X.

PSSI to hire foreign technical director

PSSI to hire foreign technical director JAKARTA (JP): The Indonesian Soccer Association will hire a foreign technical director to improve the technical skills of national coaches, the association's secretary-general Nugraha Besoes told reporters yesterday. "We have three choices for the position but the association will announce who will fill it at our presentation meeting," Nugraha said.

ASEM proposes investment action plan

ASEM proposes investment action plan BANGKOK (JP): The chairman of the Asia-Europe Meeting (ASEM), Thai Prime Minister Barnhan Silpa-archa, proposed that both sides draw up an investment action plan to promote greater bilateral investment. Speaking at the opening of the two-day inaugural meeting here yesterday, Barnhan suggested that leaders of the 25 Asian and European governments establish a joint government and private sector working group within six months to draft the action plan.

Troops involved in Medan brawl to be punished

Troops involved in Medan brawl to be punished JAKARTA (JP): The Bukit Barisan Military Command promised yesterday that it will punish the soldiers who took part in a series of violent attacks against residents in the Kwala Berkala subdistrict this past week. Dozens of people were injured and scores of houses and cars damaged in the attacks conducted by members of the Cavalry 6 assault battalion.

Asia and Europe rediscover each other at ASEM

Asia and Europe rediscover each other at ASEM By Meidyatama Suryodiningrat BANGKOK (JP): Asia and Europe began a process of rediscovering one another yesterday as 25 leaders from the two regions gathered for a historic two-day summit. "We are assembled here with one common purpose. To create a dynamic new linkage and form a new partnership," Thai Prime Minister Banharn Silpa-Archa said as he opened the Asia-Europe Meeting.

Two women found dead

Two women found dead JAKARTA (JP): The Cipto Mangunkusumo general hospital has admitted the bodies of two women believed to have committed suicide in two separate places. Yuliani Bandarlina, 43, was found dead by a friend at her rented house on Jl. Kali Pasir in Central Jakarta. A hospital official said that Yuliani, employed at Miami Billiard on Jl. Cikini Raya, Central Jakarta, died from a drug overdose, probably five days ago.

Local TV needs local heroes

Local TV needs local heroes From Neraca The globalization of information by our television stations seems to have made us forget to take care of our children's education. I am deeply concerned about imported TV shows that depict the heroism of imaginary characters like Power Rangers, Jiban and Winspector. They seem to strongly affect my children's minds. Who is responsible for making our younger generations ignorant of our own heroes? I know that history lessons in our schools are rather vague.

Fire destroys properties

Fire destroys properties BANDUNG, West Java: Fire gutted three houses and a storehouse containing wooden furniture in Maleber, Andir district, on Thursday morning, Antara reported. Supriya, the proprietor of a furniture shop and the storehouse, said the fire was first noticed at about 4 a.m. on the roof of one of the houses, and immediately spread to other buildings. It took three fire engines three hours to extinguish the fire. No casualties occurred.

Fire razes 40 houses in North Jakarta

Fire razes 40 houses in North Jakarta JAKARTA (JP): "Pak, let's go home, pak," two-year-old Nur Sofiah pleads to her father. "Where to? Our house is gone, dear," he replies. But the pleas continued. So to silence her Sururi finally took his daughter back to her house. It has been reduced to a plastic tent supported by a few wooden objects. The rest went up in flames in a fire Thursday morning.

Derogatory remarks

Derogatory remarks "Indonesians do not have the ethics, attitude nor the sensitivity to go nuclear...." Reading this letter from Mrs. Conny Gafar, On nuclear plant (Feb. 26, 1996), I wondered whether I was dreaming I was reading a 100-year-old newspaper from colonial times. Though she has a sound argument against going nuclear, her remarks are not palatable. Having the Bhopal tragedy fresh in my mind, I too cannot see nuclear power as an option for the time being.

Alcatel wins Telkom deal

Alcatel wins Telkom deal PARIS (Reuter): Alcatel Alsthom said that the AMEN Consortium, lead by its Alcatel Telecom unit, had been awarded a US$20 million microwave transmission contract by the Indonesian carrier Telkom. Japanese trading house Marubeni Corporation and the Bimantara Group also in the consortium. The order comprises more than 150 radio links over Sumatra and Sulawesi Islands.

N. Jakarta road's first phase completed

N. Jakarta road's first phase completed JAKARTA (JP): The first phase of a nine-kilometer road linking Cakung and Cilincing in North Jakarta has been completed. Construction of the remaining four kilometers is scheduled to be completed in October. The state-funded project, at an estimated cost of Rp 36.47 billion (US$15.65 million), is expected to ease the traffic flow of trailers moving from warehouse centers to the city's main port at Tanjung Priok.

When Javanese gamelan meets jazz

When Javanese gamelan meets jazz By Gus Kairupan JAKARTA (JP): A gamelan ensemble of more than 20 pieces, a saxophonist-cum-clarinetist and an electric guitarist...would it work? Well, everything, they say, is in the eye of the beholder, or, in this case, the ear of the listener, and judging from what the ear of this listener caught, it will take a long time before the combination of Javanese gamelan and jazz becomes an established form of music.

17 extra levies may be removed

17 extra levies may be removed JAKARTA (JP): Minister of Agriculture Sjarifudin Baharsjah said yesterday that at least 17 levies within his ministry may be removed as part of the government's campaign to eliminate excessive levies imposed on businesses. Sjarifudin said the 17 levies were imposed on the sugar business alone. He implied that there were other unnecessary levies in other agrobusinesses overseen by the ministry.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Ninja Turtles 3:00 News: Lintasan Berita 3:05 Sports 4:00 News: Lintasan Berita 4:05 Sports (Continued) 5:00 Evening News 5:25 Travel: My Country 5:30 Science Film 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: North Sumatra 6:15 Village Program 6:30 Music: Jazz 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:30 News: Dian Rana 8:00 News: Lintasan Berita 8:05 Film: Hati Yang Mendua 9:00 World News 9:30 Music:...

China and Taiwan

China and Taiwan It is good that Taiwan and China are trying to settle their differences by exchanging letters through The Jakarta Post. China suspects that Taiwan's assertiveness -- by electing a president by the ballot box -- is a step toward independence. So China had its People's Liberation Army "test" some missiles in Taiwan's direction. I approach the problem from a different perspective. The heart of the matter is succession in mainland China, not in Taiwan.