Indonesian Political, Business & Finance News

Archive: 11 April 1996

53 articles found

Citibank's Islamic bank

Citibank's Islamic bank JAKARTA (JP): Citibank announced yesterday that it will open in July an Islamic bank in Bahrain called City Islamic Investment Bank. The bank, with an initial authorized capital of US$20 million, will be 100 percent owned by Citicorp Banking Corporation, Citibank said in a statement.

RP cuts passport costs to Mecca

RP cuts passport costs to Mecca MANILA (AFP): The Philippines announced yesterday that it was slashing passport fees for Filipino Moslems making their first pilgrimage to Mecca this month. "I have further instructed that the passport fee for Haj participants be reduced from 500 pesos to 75 pesos (from US$19 dollars to $2.8)," President Fidel Ramos said in a statement. About five percent of the largely Roman Catholic Philippine population are Moslems.

270 pupils lose school

270 pupils lose school BANDAR LAMPUNG, Lampung: Over 270 elementary school students in the Bukit Kemuning subdistrict have lost their school that the government closed down on the grounds that it was built in a reserve forest. The administration says that the Dwikora Elementary School have to be closed down because all the residents in the area have to be moved.

Prosecutors stick to their guns on Bintang

Prosecutors stick to their guns on Bintang JAKARTA (JP): State prosecutors yesterday repeated their request of last month to the Central Jakarta District Court to sentence outspoken politician Sri Bintang Pamungkas to four years in jail for calling President Soeharto a dictator. Reading the prosecutors' rejection to the defendant's recent defense statements, P.

Garuda Mas's projects

Garuda Mas's projects SINGAPORE (Reuter): Asia Pacific Resources International Holdings Ltd (April), a unit of the Raja Garuda Mas Group, said yesterday it plans to set up two new paper mills in Changshu, China. The Indonesian paper and pulp group, which is headquartered in Singapore and listed on the New York Stock Exchange, said in a statement the new mills will be wholly-owned subsidiaries.

'Nusantara' concept helps to unify RI

'Nusantara' concept helps to unify RI JAKARTA (JP): Indonesia's archipelagic concept, known as Wawasan Nusantara, has evolved into one of the country's fundamental concepts and is now utilized as an important nation- building tool by the government, an academic said yesterday.

Maternal death rate high in NTB

Maternal death rate high in NTB MATARAM, West Nusa Tenggara: The number of women dying during pregnancy or childbirth remains above the national rate, a local official said yesterday. Margaretha Chepas of the provincial health office said the maternal mortality rate in West Nusa Tenggara (NTB) currently stands at 700 per 100,000 live births. The national rate is 421. "Bleeding and infection are the chief causes of death," she said, quoting a recent study.

WTA looking to change current ranking system

WTA looking to change current ranking system JAKARTA (JP): The Women's Tennis Association (WTA) is considering changing the current ranking system in order to encourage big names to play in small tournaments. Marianne Werdel Witmeyer, the new president of the WTA Tour Players association, said yesterday at the Senayan tennis complex that elite players usually refuse to enter small tournaments because it will jeopardize their rankings.

Ukraine speeds up its economic reform

Ukraine speeds up its economic reform By Masriati Shobari JAKARTA (JP): Leonid Kuchma, the Ukrainian president and former head of a ballistic missile factory, arrived here yesterday. His visit is merely to promote trade and commercial, initiated to resume contact with the more prosperous ASEAN. Ukraine is a big new force in Eastern Europe, a place the size of France with 52 million people, and Europe's third-largest- mostly still nuclear-armed army.

Public told to be wary of corruption survey

Public told to be wary of corruption survey JAKARTA (JP): The government has warned the public to be wary of a survey by a foreign organization which lists Indonesia as one of the three most corrupt countries in Asia. Speaking yesterday on the study by the Hong Kong-based Political and Economic Risk Consultancy Ltd. (PERC) which was released last week, State Minister/State Secretary Moerdiono said he did not know what criteria were used in the survey.

Top table tennis player keen to palay in Atlanta Olympic Games

Top table tennis player keen to palay in Atlanta Olympic Games JAKARTA (JP): Indonesia's top table tennis player Anton Suseno realizes that for him to win an Olympic medal is virtually impossible. Yet he remains very hopeful that the National Sports Council (KONI) will send him to the Atlanta Olympic Games which run from July 19 to Aug. 4. "I know it would be very difficult to reach the semifinals in Atlanta.

Pulping the forests

Pulping the forests The concern repeatedly voiced by both domestic and foreign evironmentalists over what they call over-capacity licensing by the government in the pulp industry over the last few years is legitimate. The development of pulp wood estates appears not to be as smooth and efficient as the government apparently had estimated when it licensed more than three million tons in additional pulp making capacity to realize Indonesia's ambition to become the world's largest pulp producer.

Ex-communists eligible to vote

Ex-communists eligible to vote JAKARTA (JP): A total of 7,055 Jakartans who were involved in the 1965's coup blamed on the Indonesian Communist Party are being allowed to participate in next year's general election. The secretary of Jakarta's general election committee, Bagus Suharyono, said yesterday that they were granted their rights to cast ballots after various screenings.

Helping the West learn about Asia

Helping the West learn about Asia By Lawrence Pintak JAKARTA (JP): The global economy. The Information Age. The Pacific Century. Who cares? The tag lines are repeated a thousand times a day. We read them in the newspaper. We hear them on the radio. We utter them over lunch. Ours is an era in which the world has been reduced to a single neighborhood, the experts tell us. Where events on the opposite side of the globe affect our everyday lives. Or do they? A recent trip to the U.S.

Japan, RI to talks on car plan

Japan, RI to talks on car plan TOKYO (Kyodo): Japan and Indonesia agreed yesterday to hold working-level talks on Jakarta's new program for development of a "national car," an official of the Ministry of International Trade and Industry (MITI) said. MITI Minister Shumpei Tsukahara and Indonesia's Industry and Trade Minister Tunky Ariwibowo met and reached the accord. The two countries hope to hold the talks as soon as possible, the official said.

ASEAN to extend measures on free trade

ASEAN to extend measures on free trade JAKARTA (JP): Agricultural produce and a wide range of services may be included in the trade liberalization measures the members of the Association of Southeast Asian Nations (ASEAN) are to adopt in 2003, Coordinating Minister for Production and Distribution Hartarto said yesterday.

Bima Sakti scores first league win

Bima Sakti scores first league win JAKARTA (JP): Bima Sakti Nikko Steel Malang beat Siliwangi Bandung 96-77 (44-42) in their first leg match of the Indonesian Basketball League which kicked off its season in Surabaya yesterday. The other results yesterday: Pelita Jaya Nagatan Jakarta beated Indonesia Muda Texmaco Jakarta 67-64 (34-28); Cahaya Lestari Sakti (CLS) Surabaya beat Pacific Surabaya 78-74 (39-43); Aspac Jakarta beat Hadtex Bandung decisively with 77-68 (36-28).

Sacked driver sues public bus firm

Sacked driver sues public bus firm JAKARTA (JP): A bus driver is suing the state-owned bus company management, PPD, for firing him after being involved in an accident last year. Yance Runtu, who started working for PPD in 1973, asked the company to revoke his dismissal, demanded that his name be cleared, and that he be given back pay since September last year until a final court decision is reached.

'Prospek' journalists seek fair deal

'Prospek' journalists seek fair deal JAKARTA (JP): A group of 25 journalists and employees of the financially troubled Prospek magazine had sought help from the House of Representatives yesterday to get their 11 months' salaries and clarification of their employment status. They complained that they have been neglected by the management of PT Indowarta Pasar Media, which publishes the economic weekly magazine.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Family Matters 3:00 News: Lintasan Berita 3:05 Dance 3:30 Travel 4:00 News: Lintasan Berita 4:05 Science Film 4:30 Female World: Dunia Wanita 5:00 Evening News 5:30 Arabic Lessons 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: Central Java 6:15 Village Program 6:25 Koran Recital 6:35 Religious Teachings: Islam 7:00 Evening News 7:25 Garuda Pancasila/Filler/Teller 7:30 Live: Dharma Santhi - from the Senayan Convention...

Students lose suit and hope

Students lose suit and hope JAKARTA (JP): The Jakarta State Administrative Court yesterday ordered five university students to pay court fees totaling Rp 34,000 after their complaint of discrimination against the Attorney General's Office was dismissed. In January, the five law students from Muhammadiyah University in Surakarta had filed a lawsuit against the Attorney General's Office, indicting the institution for being discriminatory in its recruitment policy.

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 5 p.m. to 8 p.m., opening hours Monday to Sunday 9 a.m to 1 p.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.

Volkswagen

Volkswagen Regarding Volkswagen's (VW) soaring profits, I was surprised to see the news (The Jakarta Post, March 29) illustrated with a picture of a German assembly line. At least VW should have supplied a picture of one of its Brazilian factories. According to Business Week (Feb. 26, 1996) VW's Brazilian subsidiary pulled an estimated US$675 million in net income last year.

Electrical firm acquired

Electrical firm acquired MELBROUNE (Reuter): BTR Plc's Australian subsidiary BTR Nylex Ltd said it acquired 51 percent of the equity of Australian-based Universal Motor Control (UMK) and its Indonesian subsidiary PT Kontrol Ragam. The acquisition of UMK, which manufactures custom-made electrical control equipment, was made through Tamco Corporate Holdings Sdn Bhd, part of BTR Nylex's majority-owned unit, Nylex (Malaysia) Bhd, BTR Nylex said.

One person shot dead in West Kalimantan rioting

One person shot dead in West Kalimantan rioting JAKARTA (JP): The military in West Kalimantan has admitted that troops shot dead one person taking part in Sunday's massive protest over the alleged kidnapping of a Dayak man by a member of the Armed Forces (ABRI). Chief of the local military command Maj. Gen. Namoeri Anom said that four people were injured in the incident in Ngabang subdistrict, Antara reported yesterday.

Drug trafficker disciplined

Drug trafficker disciplined DENPASAR, Bali: A convicted drug trafficker serving a 1.5 year jail term lost his chance to obtain a reduced sentence when a cellular phone was found in his prison cell. The convict, Eddy Kusyanto, had his phone seized during a routine search earlier this week, chief of the Bali provincial justice office Suhadi said yesterday. Officials have speculated that the cellular phone was smuggled in by Eddy's wife, Febe Theresia Suryaningsih, who visits him regularly.

After Independent, now Objective poll watchdog founded

After Independent, now Objective poll watchdog founded JAKARTA (JP): As controversy over the Independent Election Monitoring Committee (KIPP) grows, nine activists have decided to jump on the bandwagon and found a similar poll watchdog called the Objective Team for Election (TOPP). Ruhut Sitompul, a leading member of the politically well- connected Pemuda Pancasila youth organization announced the establishment of the new monitoring group yesterday.

Paymaster shot dead in scuffle with robbers

Paymaster shot dead in scuffle with robbers JAKARTA (JP): An employee of a private courier firm was fatally shot by one of two robbers while trying to defend a bag containing Rp 20 million (US$8,680) in cash in his office compound in Central Jakarta yesterday. Yuswara Sutisna, 41, a paymaster at PT First Indonesia City Courier, later died at Tarakan Hospital. The robbery took place at around 10 p.m. on Jl. Petojo Enclek, next to the Presidential Guards headquarters.

Indonesian Olympic boxers fit for competition: Doctor

Indonesian Olympic boxers fit for competition: Doctor JAKARTA (JP): The physical fitness of the five-man Indonesian Olympic boxing team is good by athletes' standard, sports medical doctor Suhantoro said yesterday. "Certainly they are fitter than an average person. But some clearly have better fitness than others," Suhantoro said, declining to mention names. Suhantoro announced his observation after administering a series of fitness tests to the boxers.

S'pore to buy RI gas

S'pore to buy RI gas SINGAPORE (AFP): Singapore is discussing buying natural gas from Indonesia's petroleum giant Pertamina to drive power stations and homes, the local Business Times daily said yesterday. The power-guzzling city-state at presents imports gas via a pipeline from neighboring Malaysia. A spokesman for the trade and industry ministry official said talks with Pertamina were "on-going" and that they revolved around supplies from the Natuna fields in the South China Sea.

Forest royalties may be raised this year: Minister

Forest royalties may be raised this year: Minister JAKARTA (JP): Minister of Forestry Djamaludin Suryohadikusumo said yesterday that the government is likely to increase forest royalties in the second half of the current (1996/97) fiscal year if world prices of forestry products continue to increase. Djamaludin said, however, that the royalties will remain the same for the current fiscal year half starting April 1.

Publishers want 1990 law delayed

Publishers want 1990 law delayed JAKARTA (JP): Book publishers and recording companies have requested that the government postpone yet again the implementation of the 1990 Deposit Act, which stipulates they have to deposit copies of their products in the National Library. The Indonesian Association of Recording Industries (ASIRI) and the Indonesian Books Publishers (IKAPI) have reportedly asked for postponement because they are not ready to comply with the law.

Prima Coal to raise its production

Prima Coal to raise its production JAKARTA (JP): PT Kaltim Prima Coal, jointly owned by the British Petroleum Company and CRA Limited of Australia, will increase its annual coal production to 22 million tons in 1998. "We'll be expanding gradually. This year, we plan to produce 11.5 million tons, next year 15 million tons and in 1998, 22 million tons," said Keith Gregory, a director of the foreign mining company in Tenggarong, East Kalimantan yesterday.

Developers asked to pay fee for cheap apartments

Developers asked to pay fee for cheap apartments JAKARTA (JP): The city administration has decided that real estate developers will no longer be obliged to build low-cost apartments in the city, but instead will be required to pay a percentage of the value of their housing projects to the administration. Under this scheme, the administration will build the apartments instead of the developers.

Ciliwung river to be normalized

Ciliwung river to be normalized JAKARTA (JP): The city administration plans to normalize the Ciliwung river by repairing its 7.8 km bank in Manggarai, as part of a flood control system in South Jakarta. Governor Surjadi Soedirdja said yesterday that Rp 450 billion was set aside for land appropriation, dredging the river, repairing the riverbank and building low cost apartments for residents.

British company offers traffic jam solution

British company offers traffic jam solution JAKARTA (JP): Peek Traffic, a subsidiary of a British transportation firm Peek Plc., has offered the capital an urban traffic control system to reduce congestion by 30 percent. Peek Traffic's managing director, Anthony Howard Gould, said yesterday that his company planned to open an office in Jakarta in the second half of this year to prepare a feasibility study for the project.

Supreme Court to probe collusion at Gandhi school

Supreme Court to probe collusion at Gandhi school JAKARTA (JP): The Supreme Court has set up a team to investigate alleged collusion between a prominent judge and a defendant in a document-fraud case involving Rp 1.4 billion (US$599,000). Deputy Chief Justice for Military Tribunals Sarwata has been assigned to head the team, according to Secretary-general of the Supreme Court Toton Suprapto.

Regent denies building mansions

Regent denies building mansions TANGERANG (JP): Tangerang Regent H. Syaifullah AR has denied rumors that the two houses purchased by the local administration for the town's secretary and deputy regent are luxurious mansions. "Yes we have provided the two officials with houses located in Citra Raya Cikupa," the regent said in Tangerang yesterday. But they are not "palaces" as described by the local media, he added. "The two houses together cost Rp 1.5 billion.

Econit criticizes government over new car policy

Econit criticizes government over new car policy JAKARTA (JP): The government's national car policy is likely to exacerbate the country's current account deficit, the Econit economic research group said yesterday. In its public policy review, the research group said that the government's drive to develop a national car is positive but that its policy is misguided. "The instruments used to achieve (a national car) are inappropriate," said Rizal Ramli, a senior researcher at the group.

Merapi spews burning ash

Merapi spews burning ash SEMARANG: Mount Merapi, one of the world's most active volcanoes, has been spewing volcanic ash since April 5, prompting the government to put residents on alert. Mas Atje Purbawinata of the Yogyakarta-based Directorate of Geology said the ash falls 800 meters from the top of the 2,962 meter tall mountain, and does not yet pose any danger. The burning ash is clearly visible from the observation post in Kaliurang at the foot on the mountain.

Govt unveils new excises on tobacco and alcohol

Govt unveils new excises on tobacco and alcohol JAKARTA (JP): The government yesterday unveiled new excises on cigarettes and alcoholic drinks following the April 1 enactment of the new excise law. The Ministry of Finance said in a statement yesterday that under Finance Minister Regulation No. 229/KMK.05/1996, effective May 1, the government will simplify the tax structure for cigarettes by reducing the number of categories from eight to four.

Teachers lose deserved places

Teachers lose deserved places By Wimar Witoelar JAKARTA (JP): Just the other day, I visited my high school mathematics teacher of 30 years ago. Although he is retired with a pension of Rp 250,000 a month, he is still teaching on a stipend basis because schools continue to seek his services. He has a very kind wife and good children and grandchildren.

Ukrainian President arrives in town

Ukrainian President arrives in town JAKARTA (JP): Ukrainian President Leonid Kuchma arrived here yesterday on a four-day state visit which marks a new high in diplomatic relations between the two countries. On his arrival after a brief visit to Vietnam, Kuchma and his wife, Ludmyla, were greeted on the steps of the State Palace by President Soeharto and First Lady Mrs. Tien Soeharto.

Yayuk survives thriller to go to second round

Yayuk survives thriller to go to second round JAKARTA (JP): Tennis fans supported their heroine Yayuk Basuki with cheers and grumbles as she survived a thrilling first-round match against American Janet Lee in the Danamon Indonesia Women's Open tennis championships yesterday. Yayuk, whose world ranking has slipped to 42, trailed in each set before claiming a hard-earned 6-4, 7-6 (7-4) win, and later admitted that the match did not go as she had expected.

Govt ready to hand out funds to the poor

Govt ready to hand out funds to the poor JAKARTA (JP): President Soeharto has ordered Minister of Population Haryono Suyono to begin distributing the funds collected under the government's poverty alleviation program. After meeting with Soeharto, Haryono said that the President asked him to start handing out Rp 32 billion (US$14.4 million) as low-interest loans and Rp 23 billion as savings grants to 13.1 million poor families across the country.

Jakarta and safety

Jakarta and safety From Neraca Jakarta is becoming increasingly rough these days. Recently some people were killed at Senen railway terminal when the wall under which they were sheltering collapsed and crushed them. The media are full of reports about hold-ups, murders, robberies, rapes, etc. In fact, no news broadcast is complete without some crime or other. Surprisingly, people from outside Jakarta are coming to the city to try their luck.

PT Indosat sets up satellite subsidiary

PT Indosat sets up satellite subsidiary JAKARTA (JP): State-owned PT Indosat has set up a new subsidiary called PT Indokomsat Lintas Dunia to provide satellite-based telecommunications services and facilities. Indosat's president, Tjahjono Soerjodibroto, said yesterday that the new company, which was actually established last year, will carry out the business of I-CO Global Communications Ltd. in Indonesia.

Juveniles housed in adult prison

Juveniles housed in adult prison JAMBI, Jambi: Juveniles and adult convicts are housed in the same prison here. Head of the provincial justice ministry office Soekarto said there are so few juveniles that a separate facility is considered unnecessary. "Of the Jambi prison's 292 occupants, only five are juveniles serving several months for theft," Soekarto was quoted as saying by Antara. They are confined to a separate block from those occupied by adults, he added.

Bunas pays dividends

Bunas pays dividends JAKARTA (JP): PT Bunas Finance of the Ongko Group received approval from its shareholders yesterday to pay dividends of Rp 100 (4.2 U.S. cents) per share, totaling Rp 6.3 billion or 31 percent of the company's 1995 after-tax profits of Rp 20 billion. Bunas's president, Francis Lay Sioe Ho, said after an annual shareholders meeting yesterday that the company expected a 20 percent increase in net profits this year.

Budi Acid Jaya's profits up 201%

Budi Acid Jaya's profits up 201% JAKARTA (JP): PT Budi Acid Jaya, a major tapioca producer listed on the Jakarta Stock Exchange (JSX), reported a 201 percent increase in its net profits to Rp 30.2 billion (US$12.9 million) last year. The company doubled its net sales from Rp 73 billion in 1994 to Rp 148 billion last year, 21 percent higher than its expectations.

Court fails to present local singers in phone fraud trial

Court fails to present local singers in phone fraud trial JAKARTA (JP): Five local singers have failed to testify at the trial of three men charged with selling counterfeited cellular phones at the West Jakarta District Court. Public prosecutor Asri Aziz told the panel judges on Wednesday that his office had sent official letters to Dedy Dhukun, Yacob Kembar, Tommy J. Pisa, Baliyanto and Dicky summoning them to court as witnesses. "They received the letters.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on April 10, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 925 -50 6,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 1,150 0 0 Andayani Megah 1,675 -25 1,446,500 Aneka Kimia Raya 3,800 0 0 Anwar Sierad 2,275 -50 515,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 2,825 -75 500 Argo Pantes 2,300 0 0 Asahimas Flat 3,100 25 393,000 Asiana IMI...

Same old incompetence

Same old incompetence From Media Indonesia The official haj management in 1996 is still beset with the same problems as it was last year. Meanwhile the private haj affair bureaus handle the matter smoothly, conveniently and peacefully. Some companies are even planning to go public. It should be noted that haj pilgrimage projects involve thousands of billions of rupiah. Therefore it is necessary to review the management of the project. The would-be haj want it to be managed professionally.