Indonesian Political, Business & Finance News

Archive: 23 April 1996

48 articles found

Jakarta teams elected as new SSX executives

Jakarta teams elected as new SSX executives SURABAYA, East Java (JP): Isaka Yoga of PT Mashill Securities was yesterday elected new president of the Surabaya Stock Exchange (SSX), replacing Basirudin A. Sarida, who had served only one year of his three-year term. Meanwhile, Director General of Financial Institutions Bambang Subianto was re-elected chief commissioner of the SSX, defeating local contender Mohammad Noer, a local figure and former East Java governor.

Try calls for better supervision

Try calls for better supervision JAKARTA (JP): Vice President Try Sutrisno acknowledged yesterday that thousands of cases of irregularities have occurred at the Ministry of Tourism, Post and Telecommunications. Speaking at a meeting with officials of the ministry, Try blamed the deviations within the bureaucracy on the poor supervision of employees. He said that internal supervision was the most essential aspect needed to guarantee that an organization ran well.

Mulyana W. Kusumah denies communist links allegations

Mulyana W. Kusumah denies communist links allegations JAKARTA (JP): Mulyana W. Kusumah, the secretary general of the newly established Independent Election Monitoring Committee, denied media reports yesterday that he has been blacklisted as a member of the banned Indonesian Communist Party (PKI). "I have never been a member of any public or political organization, much less a banned one," Mulyana said in reference to reports published yesterday in the Suara Karya and Pelita dailies.

Police tighten net on gamblers

Police tighten net on gamblers PALU, Central Sulawesi: The provincial administration is keeping an eye out for a number of its employees alleged to have frequented gambling parlors, Antara reported yesterday. Spokesman Datlin Tamalagi said yesterday that the administration is seeking evidence of the allegation, in line with Governor Bandjela Paliudju's instruction banning gambling in the province. Chief of the provincial police Col. R. A. Hidayat S.

Micro loans extended to poor families in E. Java

Micro loans extended to poor families in E. Java JAKARTA (JP): Bank Indonesia, the central bank, yesterday introduced loans for very small businesses in East Java in a bid to help eradicate poverty in the province.

Clean audit succes for Pertamina

Clean audit succes for Pertamina JAKARTA (JP): The Government Audit Agency (BPKP) yesterday awarded an unqualified, or clean, opinion to the state oil company Pertamina for its 1994/95 financial report.

Thai PM arrives tomorrow

Thai PM arrives tomorrow JAKARTA (JP): Thai Prime Minister Banharn Silpa Archa is scheduled to arrive here tomorrow for a two-day visit that will include a courtesy call on President Soeharto. "It is has become customary in ASEAN (the Association of Southeast Asian Nations) for new heads of state to take time to visit other neighboring states," Minister/State Secretary Moerdiono said yesterday.

Film on Jakarta slated for next year

Film on Jakarta slated for next year JAKARTA (JP): Filmmakers are hoping to complete a film about the history of Jakarta in time for next year's celebration of the capital's 469th anniversary. "God willing, the film will be ready for viewing by June 22, 1997," Johan Tjasmadi, the head of the Association of Movie House Operators, said yesterday. Johan and several others proposed the idea of a film on the city's history a few years ago.

Advisory agency rejects official GDP estimate

Advisory agency rejects official GDP estimate JAKARTA (JP): An economic advisory group yesterday questioned the validity of the government's recent estimate of Indonesia's economic growth, saying that the figures are not supported by sound official statistics. Arif Arryman, the managing director of Econit, in a statement made available to The Jakarta Post charged the government of overestimating data, particularly that of the agricultural sector.

Widayat holds solo exhibition

Widayat holds solo exhibition JAKARTA (JP): Noted painter Widayat, who turned 77 on March 23, is scheduled to hold a solo exhibition at Galeri Santi, Jl. Benda No. 4 in Kemang, South Jakarta. The display is scheduled to be opened by local tycoon James Riady and painting collector Oei Hong Djien on April 30. The exhibition will be open to the public from 10 a.m. to 6 p.m. everyday until May 12.

INRO seeks U.S. nod to save rubber pact

INRO seeks U.S. nod to save rubber pact KUALA LUMPUR (AFP): The International Natural Rubber Organization (INRO) opened talks here yesterday, confident that the United States would soon sign into agreement a new global price pact now in limbo without its support. The new International Natural Rubber Agreement (INRA III), hammered out in Geneva in February last year, failed to garner enough consumer support when the United States missed the original Dec. 28, 1995 deadline for signatures.

Legal aid office burned

Legal aid office burned MEDAN, North Sumatra: A group of unidentified people set fire to the building of the local chapter of the Indonesian Legal Aid Institute (LBH) early yesterday, activists have claimed. Medan LBH spokesman Mahjoedanil said the fire broke out following a loud explosion at around 2.30 a.m. yesterday.

Telecom deal in Cambodia

Telecom deal in Cambodia PHNOM PENH (Reuter): Cambodia's Ministry of Post and Telecommunications (MOPT) has signed a US$60 million deal with Luxembourg-based Millicom International Cellular SA (MICSA) for setting up GSM services, a ministry official said yesterday. Phan Phin, under secretary of state for the MOPT, said the ministry signed the multi-million dollar deal on Saturday.

Business center in Lippo Karawaci

Business center in Lippo Karawaci JAKARTA (JP): A large shopping center in Pinangsia, Tangerang, projected to become a main business center in the town and its vicinity, is being built in the Lippo Karawaci business complex. Located on a 8.5 hectare plot of land, 288 ruko (house/shops) are nearing completion and are scheduled to be officially opened in November this year.

Where to go in Jakarta:

Where to go in Jakarta: Music * Hotel Dai-ichi, Jl. Senen Raya 135, Central Jakarta. - Mezzanine Lounge: The Praise Vocal Group, Nightly except Sundays, from 8 p.m. to 11 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.

Government has no plan to increase toll

Government has no plan to increase toll JAKARTA (JP): The government has yet to consider the possibility of increasing the toll on the Cawang-Tanjung Priok- Ancol Timur-Priok urban highways, according to a minister. Minister of Public Works Radinal Moochtar said that the government was instead concentrating on the completion of the highway network in the city to support the Indonesian Airshow scheduled for June, Antara reported yesterday.

Downer winding up SE Asia tour

Downer winding up SE Asia tour BANGKOK (AFP): Australian Foreign Minister Alexander Downer paid a courtesy call on Thai Prime Minister Banharn Silpa-archa yesterday as he wound up a three-nation tour of southeast Asia. Downer, who took office last month after the National Party won general elections in Australia, has said the main goal of his visit is to underscore Canberra's determination to keep Asia a foreign policy priority.

Indonesia needs the independent watchdog

Indonesia needs the independent watchdog Reactions to the setting up of the Independent Election Monitoring Committee (KIPP) by a clutch of independent-minded intellectuals last month have continued unabated. J. Soedjati Djiwandono reviews the various reactions to the body. JAKARTA (JP): What is not explicitly prohibited by law is not a violation of the law.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Song 3:05 Children Program: Taman Bermain 3:30 TV Series: Beyond Tomorrow 4:00 News: Lintasan Berita 4:05 Science: IPTEK 4:30 TV Drama: Di Balik Penampilan 5:00 Regional News 5:30 English Lesson: The Story; with Nisrina H.

Bank Ratu to boost profits

Bank Ratu to boost profits JAKARTA (JP): Bank Sinergi, which was partly acquired by Mustika Ratu last year, yesterday announced its new name, Bank Ratu, and intention to triple its profit to Rp 3.3 billion (US$1.4 million) this year. Wien Asmoro, the bank's president, said that to reach the target the bank will expand its credits this year by 100 percent over last year's level of Rp 50 billion.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on April 22, 1996: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 975 0 3,000 AHAP Insurance 2,800 0 0 Alumindo Perkasa 900 0 0 Andayani Megah 1,700 25 881,000 Aneka Kimia Raya 3,850 0 0 Anwar Sierad 2,475 -75 1,332,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,300 -100 107,000 Argo Pantes 2,125 -25 6,000 Asahimas Flat 3,050 50 350,500 Asiana...

Malaysia, RP to jointly curb piracy

Malaysia, RP to jointly curb piracy KUALA LUMPUR (AFP): Malaysia and the Philippines agreed yesterday to step up efforts to clamp down on cross-border criminal activity including piracy, a Malaysian minister said. Malaysia's Deputy Prime Minister Anwar Ibrahim and the Philippines Defense Secretary Renato S. De Villa discussed better cooperation between security personnel between the two countries to curb crime.

Racism revisited

Racism revisited In response to the article by Arief Budiman (The Jakarta Post, April 19, 1996) I think the most important fact is that indigenous Indonesians constitute 97 percent of the population and have inhabited this archipelago for thousands of years. The remaining 3 percent are non-indigenous Indonesians who came to this country 100 years ago or so.

Students told to speak English

Students told to speak English JAKARTA (JP): The governor of West Sumatra has urged the educational authorities to force university students to speak English on campus on at least two days a week. Governor Hasan Basri Durin told a gathering in Padang over the weekend that English had become more and more important in the age of globalization, but that only few Indonesians could speak it well.

Poll violation report denied

Poll violation report denied SEMARANG, Central Java: Governor Soewardi has denied reports of premature electioneering and violations of general election rules here, Antara reported. He was responding to an accusation by local executives of the United Development Party that village and neighborhood chiefs in Tegal, Pemalang and Kendal have made rounds of residents to canvass their support for the ruling Golkar organization in the 1997 general elections.

Timor cars

Timor cars From Republika The commotion about the (inexpensive) Timor national car, which enjoys exemption from some duties and taxes in compliance with the Presidential Instruction No.2/1996 has caused a great concern. All automotive entrepreneurs are deeply disappointed by this ruling because the sales of their products will decline. On the other hand, the general consumers enthusiastically welcomed the President's policy, and they are looking forward to buying the Timor cars.

Prime suspect denies killing woman and her three children

Prime suspect denies killing woman and her three children JAKARTA (JP): A prime suspect continues to deny his involvement in a cold-blooded homicide. "Yes, that was my statement, but I did not tell the truth," Philipus repeatedly told a court here yesterday in reply to a judge's questions. Judge Saleh Abdurrahman was cross-checking Philipus' earlier statements, filed in police reports, but the defendant repeated the same answer to some two dozen questions.

Manipulation in Supreme Court's verdict revealed

Manipulation in Supreme Court's verdict revealed JAKARTA (JP): The uproar over alleged corruption in the Supreme Court reached a new stage yesterday with the disclosure of details of the improprieties reportedly committed by senior judges. Officials of the Association of the Gandhi Seva Loka, party to a document fraud case which Deputy Chief Justice Adi Andojo Soetjipto said was marred with corruption, revealed irregularities in the Court's decision yesterday.

Utut Adianto shines in Cakti chess meet

Utut Adianto shines in Cakti chess meet JAKARTA (JP): Utut Adianto remained on top of the standings even after drawing with Indian grandmaster Dibyendu Barua in the eighth round of the Cakti chess tournament in Madras, India, on Sunday. The draw boosted the 31-year-old Indonesian's cumulative points total to six and a half, or half a point more than British grandmaster Anthony Miles, who beat his Indian challenger, RB Ramesh.

Jamaica and Panama have new ambassadors

Jamaica and Panama have new ambassadors JAKARTA (JP): President Soeharto received the credentials of the new Panamanian Ambassador Ivan G. Gonzalez and Jamaican Earl Alexander Carr here yesterday. The President stressed the need for Indonesia, Panama and Jamaica to improve their bilateral relations, especially in trade and economy. Indonesia and Jamaica, Soeharto said, have tremendous potential to step up their economic, trade, technological, agricultural and sociocultural relations.

Problematic pupils at 50 city high schools: Study

Problematic pupils at 50 city high schools: Study JAKARTA (JP): Students of at least 50 of the 600 senior high schools in the capital, have been branded as problematic because they had engaged in brawls more than twice this year, a study says. Quoting an ongoing study by the city's public order office, City Councilor Romulus Sihombing of the city administration Commission, said the number of such schools might increase by the end of the year. The Commission chairman, M.

Presidential change unlikely in 1998: Arif

Presidential change unlikely in 1998: Arif SEMARANG (JP): Noted sociologist Arief Budiman jumped onto the bandwagon of scholars who doubt if presidential succession will take place in 1998. Arief said here yesterday that there's only a slight chance that a change in national leadership could occur given the fact that most of the country's institutions operate to preserve the status quo.

Freeport sets up environmental fund

Freeport sets up environmental fund NEW ORLEANS, United States (Reuter): Freeport-McMoRan Copper & Gold said Friday it will create a US$100 million trust fund to clean up environmental damage from an Indonesian mine as part of a settlement with a U.S. government agency. The Overseas Private Investment Corp (OPIC), the government agency, has agreed to reinstate the $100 million political risk insurance for Freeport Copper until the end of the year as part of the settlement.

Indonesia names 94 athletes for Atlanta Olympic Games

Indonesia names 94 athletes for Atlanta Olympic Games JAKARTA (JP): Fight to do your best is what Indonesia's Olympic Games contingent was told when it gathered at the National Sports Council headquarters yesterday. The team comprises 59 male and 35 female athletes who are being groomed to compete in 14 of the 26 events contested at the Games in Atlanta, Georgia from July 19 to Aug. 5.

Soldiers may get up to 2.5 years for killing farmers

Soldiers may get up to 2.5 years for killing farmers SURABAYA, East Java (JP): Military prosecutors yesterday demanded that the soldiers who shot dead four peasants on Madura Island in 1993 be jailed for between two and two and a half years. Led by Col. F.X. Sukiman, the prosecutors at the military tribunal in Surabaya maintained the defendants had been proven guilty of deviating from standard military procedure, which resulted in the death of the civilians. They demanded that Second Lt.

Rain or shine?

Rain or shine? From Bisnis Indonesia Writers of letters to newspaper editors have often complained about the slowness of PT Pos Indonesia. Including the postal code as recommended by the postal service does not seem to help speed up the delivery.

Award recipient

Award recipient Referring to the picture on page 2 of The Jakarta Post on April 20, 1996, you need to correct the caption. Representing PT Great River Industries in the award presentation by Mrs. Tien Soeharto was H. Safioen, the company's general and administration department director, not Sunjoto Tanudjaja, the president of PT Great River Industries. The president was abroad on the occasion. PRISCILLA LM GANDA Act. PR and Advertising manager Jakarta Note: Thank you for the correction.

Jakarta men's bridge team wins

Jakarta men's bridge team wins JAKARTA (JP): The men's bridge team prepared to represent Jakarta at the 14th National Games (Sept. 9 to Sept. 20) won a foursome open tournament which ended in Hotel Indonesia on Sunday. The team won with 80 International Match Points. It consisted of seasoned players Hasyim Arief, Noldy George, Giovanni Watulingas, Sance Panelewen and former stars Denny Sacul and Ferdy Waluyan.

Australia's John Howard assesses Asia

Australia's John Howard assesses Asia By Dewi Anggraeni MELBOURNE (JP): On April 3 Alexander Downer spent half an hour with former prime minister Paul Keating, discussing a strategy suitable for Australia's engagement in Asia. A short time later, to journalists who bombarded him with questions, Downer explained that the present government recognized Keating's contacts and expertise in Asia and Asian matters.

Govt told not to shift monopoly to private sector

Govt told not to shift monopoly to private sector JAKARTA (JP): The currently pursued privatization of state- owned enterprises should not lead to the shifting of the government's monopoly over public utilities to the private sector, a lawyer suggested yesterday. A.

Who's afraid of KIPP?

Who's afraid of KIPP? Anyone concerned with the well being and unity of Indonesia should be concerned about the current political situation, particularly with regard to the election issue. Ever since the Independent Election Monitoring Committee (KIPP) was established last month, mounting turmoil has beset the country's politics. Practically no day has passed without contradictory remarks about this election watchdog coming from different officials, adding confusion to the turmoil.

Plaza Senayan

Plaza Senayan From Republika Be careful when parking your vehicle at Plaza Senayan. There is a fierce security guard by the name of Birowo. At 7 p.m. on April 12, I had finished my shopping and wanted to buy some drinks at Dunkin' Donuts within Hero Supermarket in the basement. My driver dropped me off in the parking lot at the supermarket entrance. On my way I heard repeated whistling apparently from a parking attendant wanting my car to move. I went on to buy the drinks.

Romana boosts RI's Fed Cup hopes

Romana boosts RI's Fed Cup hopes JAKARTA (JP): Indonesia's number two tennis player Romana Tedjakusuma returned home yesterday to give her country a boost ahead of its Federation Cup Group One first round match against Belgium here this weekend. Romana, whose Fed Cup appearance was in doubt owing to her college commitments in Louisiana, U.S., is expected to join the team today despite suffering from jet-lag.

Govt to simplify licensing procedure in housing sector

Govt to simplify licensing procedure in housing sector JAKARTA (JP): In a bid to cut red tape and improve efficiency, the government plans to simplify licensing procedures for public housing development projects. State Minister for Public Housing Akbar Tandjung said that housing developers would "very soon" be able to tend their applications for the necessary permits at one bureau.

Blue Bird taxi drivers protest rental fee hike

Blue Bird taxi drivers protest rental fee hike JAKARTA (JP): Fifty drivers from the Blue Bird taxi company were prevented from striking yesterday when security officers drove them out of the National Monument (Monas) park area in Central Jakarta. The cabbies were protesting the company's recent daily rental fee hike from Rp 105,000 to Rp 137,000. "We went to Monas park and military officers ordered us to leave," Rudi, a driver, told The Jakarta Post.

Five Indonesians arrested in Sydney

Five Indonesians arrested in Sydney JAKARTA (JP): Police here are still establishing whether the five Indonesians arrested by Australian airport customs officers last Friday have criminal records. The Indonesians were arrested in Sydney for allegedly possessing fake credit cards and international driving licenses. Secretary of the Indonesian bureau of Interpol, Brig. Gen.

Garment factory workers seek severance payments

Garment factory workers seek severance payments JAKARTA (JP): Over one hundred workers of PT Aneka Citra Busana garment factory marched to the manpower ministry yesterday, demanding that the company give them severance pay before transferring them to the nearby PT Tritexindo. The workers are refusing to be moved, fearing that the new management would not take their working experience into account.

Dutch woman arrested for smugling Ecstasy

Dutch woman arrested for smugling Ecstasy JAKARTA (JP): Airport customs officers have arrested a 25-year-old Dutch woman for smuggling 11,370 Ecstasy pills into the country. The confiscation of the pills, worth over Rp 1 billion in an illegal transaction, is said to be the biggest ever seizure in a single raid against Ecstasy traffickers in Indonesia.