Indonesian Political, Business & Finance News

Archive: 11 May 1996

55 articles found

Rotten rules

Rotten rules From Kompas Kompas (April 13, 1996) published a letter by Anang R. Noer complaining about the services of the National Library. In his response to the letter (Kompas, April 20, 1996), Sudirwan Hamid, an official of the library, said among other things: "The National Library has been a closed access library...etc. Every library, including those in foreign countries, is run based on certain regulations which cannot be violated." When I lived in the U.S.

Govt sets up team to hunt Eddy Tansil

Govt sets up team to hunt Eddy Tansil JAKARTA (JP): The government has set up an interministerial investigation team to facilitate its efforts to track down businessman Eddy Tansil, who escaped from the Cipinang penitentiary last week. "We're hoping the investigation team can immediately detect Tansil's whereabouts and capture him," Minister of Justice Oetojo Oesman told reporters after chairing the team's first meeting in his office yesterday.

Tin producers defer scrapping quota system

Tin producers defer scrapping quota system KUALA LUMPUR (Reuter): Key tin producers said yesterday they have deferred scrapping a tin export quota system as scheduled in June and will re-consider the matter at a ministerial meeting in Singapore in September. The Association of Tin Producing Countries (ATPC) had been expected to confirm the abolition of the Supply Rationalization Scheme (SRS) at the three-day executive council meeting which ended in Kuala Lumpur yesterday.

Officials struggle to reach voters

Officials struggle to reach voters NAMLEA, Maluku: Officials in charge of registering voters prior to the 1997 election have had a hard time reaching tribal people in the isolated areas of Buru Island. One of the officials, Djafar Wael, said yesterday his team has failed to reach three tribal communities, Wanapnafen, Waetemun Butet and Waetemun Waernangan, which live in the jungle.

IMF rules out Mexican-like crisis hitting Asian countries

IMF rules out Mexican-like crisis hitting Asian countries SINGAPORE (AFP): The International Monetary Fund (IMF) yesterday ruled out fears that the burgeoning current-account deficits of Asia's rapidly growing economies are exposing them to a Mexican-type economic crisis. The IMF's first deputy managing director, Stanley Fischer, said most of the Asian economies riddled with deficits enjoyed economic growth rates exceeding that of Mexico before the country plunged into crisis in early 1995.

Insurance Council to set up arbitration institution

Insurance Council to set up arbitration institution JAKARTA (JP): The Indonesian Insurance Council plans to establish a pre-arbitration institution later this year to help solve claims rows between insurance firms and their customers. Syamsul Bahri Harahap, an executive of the council's legal department, said yesterday that the country's expanding local insurance industry would probably open up more possibilities for claims disputes between insurers and their customers.

Rendezvous at Blok M

Rendezvous at Blok M JAKARTA (JP): A German artist is inviting Jakartans to gather at the Blok M Plaza next Saturday, May 25 at 4 p.m. for his project entitled "Rendez-vous!" Three thousand people are expected to participate, wearing uniform T-shirts, according to a press release from the sponsor, the French Cultural Center. The release did not mention whether participants will keep the T-shirts after paying an admission fee.

TV today

TV today TVRI 2:30 p.m. Travel: Wajah Negeriku 2:35 TV Series: Gaiking 3:00 News: Lintasan Berita 3:30 Sports 4:05 TV Series: Out of Blue 4:30 Science Film 5:10 Evening News 5:30 Nationality: Perjalanan Nasional 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: Central Java 6:15 Village Program 6:30 Education: Package 27 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:30 TV Series: Matahari Malam 8:00 News: Lintasan Berita 8:05 Music: Musik Malam Minggu 9:00 World News...

Ancient puppets star at Bogor handicraft week

Ancient puppets star at Bogor handicraft week By Joko Sarwono BOGOR, West Java (JP): Forty kilometers from the old Bogor- Jakarta highway, banners announcing The First Handicraft Week in the district Cibinong meet the eye of Bogor-bound travelers. Upon entering Bogor regency, a giant billboard announces it again.

Telkom extends service

Telkom extends service JAKARTA (JP): The state-owned domestic telecommunications provider PT Telkom launched yesterday more outlets for Pasopati (Integrated Services Digital Network) service. Indonesia launched the network in September last year with Telkom and PT Indosat as the operators. The network evolved from a telephony integrated digital network into a network that provides end-to-end digital connectivity.

Many workers are anemic

Many workers are anemic SAMARINDA, East Kalimantan: About 65 percent of 211,961 workers here are anemic, a study conducted by the local office of the Ministry of Health revealed. Antara quoted the office's spokesman Asli Amin as saying yesterday that the condition was caused by poor nutrition and poor eating habits. "Most of the workers don't understand the importance of iron for their health," Asli said.

Surya Toto sees flat earnings growth

Surya Toto sees flat earnings growth JAKARTA (JP): PT Surya Toto Indonesia, a manufacturer of sanitary and metal-based fitting products listed on the Jakarta Stock Exchange, projects that a bearish property market will result in flat earnings growth for the company this year. "The property sector may not grow as fast as last year because the central bank has urged banks to curb their lending to property companies.

Environment audit

Environment audit I refer to your front page article of May 10, 1996 concerning PT Freeport, in which T. Mulya Lubis is quoted as saying that "the environmental audit by......Dames & Moore is far from adequate." Although he gives no basis for this conclusion, it appears to be connected to social concerns. It should be understood that the scope of the audit carried out by Dames & Moore specifically excluded social issues. The Dames & Moore audit team stands by the findings of its audit report.

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.

Prostitution complex difficult to relocate

Prostitution complex difficult to relocate JAKARTA (JP): It is not going to be easy for the administration to relocate the North Jakarta's Kramat Tunggak prostitution complex, an official says. The assistant of the city secretary for social welfare, Soenarjudardji, said yesterday there are many aspects which must be taken into consideration before making a final decision on the relocation.

Elderly voters want a better life

Elderly voters want a better life JAKARTA (JP): Representatives of the older generation have expressed their hope that the 1997 general elections will usher in a "better life" for the nation's population. Lt. Gen. (ret) Achmad Thahir, chairman of the Legion of Veterans, and Mrs. Supeni, chief of the Persatuan Nasional Indonesia organization, said separately that they did not wish anything for themselves any longer.

4,000 Salim group workers stage pay protest at House

4,000 Salim group workers stage pay protest at House JAKARTA (JP): Some 4,000 workers of PT Indomulti Inti Industri, a shoe factory of the Salim Group, staged a peaceful protest yesterday at the House of Representatives. The workers traveled to the House in hired buses from the company's plant in Citeureup subdistrict to demand that the company comply with the government's minimum wage policy.

Water stoppage tomorrow

Water stoppage tomorrow JAKARTA (JP): The city-owned water company PAM Jaya announced yesterday that it will temporarily stop the supply of tap water in Tanjung Priok tomorrow. The company announced the pump installation project on Jl. Raya Pelabuhan in North Jakarta as the cause of the stoppage, which will last from 8 a.m. to 10 p.m. (yns)

WB president to visit Lombok

WB president to visit Lombok MATARAM, West Nusa Tenggara: World Bank President James D. Wolfensohn is scheduled on Sunday to visit several projects here that the bank is funding, an official said yesterday. Spokesman for the provincial government Tjok Suthendra Rai said Wolfensohn will visit an integrated health service and several literacy projects in the Tanjung subdistrict in western Lombok. Wolfensohn will also check on various income-generating projects in Sokong village, Antara reported.

Euro Cup live shows on local TV

Euro Cup live shows on local TV JAKARTA (JP): Exclusive comments from English soccer's living legends will add extra spice to the excitement of watching the Euro Cup '96 matches live here. Linda Wahyudi, sports coordinator of privately-owned TV channel RCTI, said yesterday that the station will feature Gary Lineker, Bobby Charlton and Bryan Robson, plus noted soccer commentator Martin Taylor in rare discussions which will prelude each of the 17 Euro Cup matches it will air next month.

Senior officials endorse India and Myanmar for ARF

Senior officials endorse India and Myanmar for ARF By Meidyatama Suryodiningrat YOGYAKARTA (JP): Senior officials of the ASEAN Regional Forum (ARF) yesterday gave the green light for India and Myanmar to join the 19-member multilateral security consultative forum. "The Senior Officials Meeting has endorsed the proposal to admit India and Myanmar, subject to the approval of the ministers," the meeting's chairman, Indonesia's Izhar Ibrahim, said.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 10, 1996: Shares Close Change Trading Volume ---------------------------------------------------------- Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 725 0 0 Andayani Megah 1,500 25 198,000 Aneka Kimia Raya 4,250 50 13,500 Anwar Sierad 2,300 0 108,500 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,225 0 35,000 Argo Pantes 2,300 150 1,000 Asahimas Flat 2,875 0 59,500 Asiana IMI...

Reform of the financial sector

Reform of the financial sector This is the second of two articles based on a paper presented by Dr. J. Soedradjad Djiwandono, the Governor of Bank of Indonesia in the 29th Asian Development Bank Annual Meeting Seminar on Financial Sector in Transition held on April 29, 1996 in Manila. MANILA: The entire deregulation or adjustment measures adopted by Indonesia have been very fruitful as shown by many economic indicators.

Primavera players dominate star war poll

Primavera players dominate star war poll JAKARTA (JP): National players who formerly joined the Italian training program Primavera on Thursday dominated the votes conducted by the Indonesian Football Association prior to the league's second Stars War at the Senayan stadium tomorrow. Aples Gideon Tecuari and Kurnia Sandy, who both now play for Pelita Jaya, led the nominations with 5,550 and 5,132 ballots respectively to become the only players to surpass the 5,000 vote mark.

Kyongsangnam-do province eyes East Java business

Kyongsangnam-do province eyes East Java business JAKARTA (JP): East Java and Kyongsangnam-do province of South Korea have established a sister province relationship in an effort to promote closer business relations between the two provinces and their two countries in general. "The purpose of the sister province relationship is to promote understanding and friendship at both national and regional levels," the chief of Kyongsangnam-do's Economy and Trade Bureau, Chang-Seung Kong, said.

U.S. objects to ASEAN nuclear treaty

U.S. objects to ASEAN nuclear treaty YOGYAKARTA (JP): Efforts to lobby major superpowers into signing the Southeast Asian Nuclear Weapons Free Zone treaty are at a standstill as nuclear weapon states, particularly the United States, continue to demand changes to the treaty's protocol.

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.

Alleged arsonist arrested

Alleged arsonist arrested JAKARTA (JP): Police have arrested a man who they believe set fire to 10 buildings on Jl. Kebon Sirih, Central Jakarta, last December. Central Jakarta Police Chief Lt. Col. Abubakar Nataprawira confirmed yesterday that 35-year-old Gbl was picked up on Thursday at his house on Jl. Petamburan, West Jakarta.

Dengue hits Madura, E. Timor

Dengue hits Madura, E. Timor JAKARTA: Four people have died and dozens hospitalized from dengue fever on Madura and East Timor, a press report said yesterday. On the island of Madura, dengue fever has broken out in the Bangkalan regency, where at least two children, a kindergarten and an elementary school student, have died. Antara quoted an official at the Bangkalan hospital as saying that almost all of those that have been admitted to the hospital are children under 10.

China, RP discuss Mischief Reef

China, RP discuss Mischief Reef MANILA (AFP): China's visiting deputy military chief, Lt. Gen. Xiong Guangkai, yesterday sought to allay fears of an armed confrontation over the disputed Spratly islands, Philippine armed forces chief Gen. Arturo Enrile said. Xiong also sought to assure Enrile of Beijing's intentions on Mischief Reef, a Philippine-claimed territory in the Spratlys occupied by China early last year, the Filipino official told reporters.

Fire in North Jakarta

Fire in North Jakarta JAKARTA (JP): An oil tanker undergoing repair at a dock in North Jakarta caught fire early yesterday morning. A source at the North Jakarta Fire Department said that the suspected cause of the fire was an overheated engine room. No fatalities were reported by Antara in the fire, which cost PT Koja Bahari, the company which owns the dock, some Rp 100 million in financial losses. The one-hour blaze started at 6:05 a.m. and was extinguished by six fire brigade units.

ABRI faction opposed to dubbing English programs

ABRI faction opposed to dubbing English programs JAKARTA (JP): The powerful Armed Forces (ABRI) faction in the House of Representatives is opposed to the idea of dubbing English language programs on television into Indonesian. Brig. Gen. Paula Bataona Renyaan, the faction's secretary, said the Indonesian public still needs the programs to polish the English language they learn mostly at school.

Labor strikes excessive, says officer

Labor strikes excessive, says officer JAKARTA (JP): A senior military official in East Java says that increasingly frequent worker demonstrations have become "excessive" and might be masterminded by "certain parties." Chief of the East Java Brawijaya regional military command Maj. Gen. Imam Utomo was quoted by Antara as saying in Surabaya yesterday that the demonstrations over minimum wage ruling were "unnatural". He promised to investigate the matter further.

Islam fund eyes S.E. Asia

Islam fund eyes S.E. Asia KUALA LUMPUR (Reuter): DCB-RHB Unit Trust Management Bhd said that its new 300 million ringgit Islamic fund expects active subscription from institutions in neighboring South East Asian countries. The Mudharabah Fund has received indications that at least 100 million ringgit would be subscribed by institutions from Singapore, Indonesia and Brunei, company officials told reporters at the fund's launching.

Palapa-C1, Palapa-C2 to change orbital slots

Palapa-C1, Palapa-C2 to change orbital slots JAKARTA (JP): PT Satelindo, a private firm which owns and operates the country's Palapa-C generation satellites, will change the orbits of the Palapa-C1 and Palapa-C2 satellites soon after the launching of the latter next Wednesday.

Indonesian vs English

Indonesian vs English The government's main argument for television networks and cinema operators to dub all their foreign programs into Indonesian is very compelling: We have to develop Bahasa Indonesia into a language equal to all the other major languages in the world. If France, Germany, Spain, Japan, China, and even Thailand have managed to dub their Hollywood-imported programs into their respective languages, there is no reason why Indonesia cannot do the same.

PT Chandra Asri to sell all ethylene products at home

PT Chandra Asri to sell all ethylene products at home CILEGON, West Java (JP): PT Chandra Asri will sell all its ethylene production on the domestic market beginning in August following a deal with PT Peni to purchase 102,000 tons or 20 percent of its total output. "We're finalizing a deal with PT Peni, and hopefully we'll start supplying the company in August," Tommy Satriotomo, Chandra Asri's olefin sales manager, said here yesterday.

Top U.S. general heads for RI

Top U.S. general heads for RI WASHINGTON (AFP): General John Shalikashvili, chairman of the U.S. Joint Chiefs of Staff, left on Friday on a trip to Indonesia and Singapore, the Pentagon said on Thursday. In Indonesia, the general was to meet with Indonesian military chief, General Feisal Tanjung, and other officials. Major General Soo Khiang Bey, Singapore's defense force chief, is hosting Shalikashvili's visit.

Dubbing issue

Dubbing issue Since the television dubbing proposal is still opens to public discussion (The Jakarta Post, May 7, 1996), I'd like to give my views regarding this matter. Though this idea is intended to boost the use of the Indonesian language, the issue is not as simple as one might think. The current Indonesian dialog in dubbed films is sometimes laughable because the literal translations sound awkward. Such translations are usually far from what we would commonly use in everyday life.

Office rents fall 30 percent

Office rents fall 30 percent JAKARTA (JP): Sharp competition in the office market has led to a 30 percent drop in rental fees since 1991, research analysts said. Rudy Halim and Yuhal of the property consultancy PT Procon Indah/Jones Lang Wootton said average monthly rents are currently US$13 per square meter, Antara reported. Rents in "Grade A" sites such as Jl. Sudirman are around $14.20 per square meter per month.

Capital market blueprint launched

Capital market blueprint launched JAKARTA (JP): The Indonesian capital market aims to become the largest in Southeast Asia by 2020, 24 five years from now. At least that is the optimistic scenario outlined in the country's capital market blueprint launched by the Capital Market Supervisory Agency (Bapepam) on Thursday.

Girl with tumor gets medical aid

Girl with tumor gets medical aid BANDAR LAMPUNG, Lampung: The Abdul Muluk Hospital will lend a helping hand to a 13-year-old village girl with a tumor on her head that has grown larger than the head. Lasmi, a daughter of a peasant family in northern Lampung, has lived with the tumor since her birth and has never gotten medical help because her parents are too poor to send her to a doctor. Chief of the Lampung health office A. Sofyan A.T.

Badminton body marks its 45th anniversary

Badminton body marks its 45th anniversary JAKARTA (JP): "For you, my Indonesia," reads the white words on the high viridian wall. Underneath are pictures of the Red and White national flag flanked by the Thomas Cup and Uber Cup. The wall is at the Cipayung badminton hall, where Indonesia's shuttlers, the world's finest, practice every day. The hall is almost a second home for them.

Thomson, Malicak sign deal

Thomson, Malicak sign deal JAKARTA (JP): PT Matahari Lintas Cakrawala (Malicak), a private digital television operator, has selected Thomson Multimedia, a subsidiary of the France-based Thomson SA, to produce and retail television equipment for it. Under a deal signed in Singapore on Thursday, Thomson Multimedia will manufacture and market RCA-brand digital satellite receivers for the full Indovision direct broadcast satellite (DBS). Indovision is a trademark of Malicak.

No political motives in hostage drama: ICRC

No political motives in hostage drama: ICRC JAKARTA (JP): The Geneva-based International Committee of the Red Cross denied it has political motives behind its efforts to release 11 people held hostage for over four months by Irianese separatists. Its Jakarta office's information officer, Sri R. Wahyu Endah, said yesterday the International Committee of the Red Cross (ICRC) had acted as a neutral intermediary ever since it joined the Armed Forces-led campaign to release the hostage on Feb.

Int'l agro-research meeting on May 20

Int'l agro-research meeting on May 20 JAKARTA (JP): The Ministry of Forestry will host a mid-term meeting of the Consultative Group on International Agricultural Research (CGIAR), which also oversees the Bogor-based Center for International Forestry Research (CIFOR). Toga Silitonga, head of the ministry's Research and Development Agency, said the four-day meeting will start on May 20, when it will be officially opened by President Soeharto.

Legal Aid Institute welcomes newcomers

Legal Aid Institute welcomes newcomers JAKARTA (JP): The Jakarta Legal Aid Institute welcomed 16 apprentices, all newcomers to the practice of law, to the organization yesterday. The novices have been appointed to positions as lawyers' assistants for a maximum of one year. Luhut M. Pangaribuan, the institute's director, presided over the initiation. He said he expected the interns to better understand the merits of serving society though voluntary labor in the practice of law.

Controls on TV stations attacked

Controls on TV stations attacked JAKARTA (JP): Leading mass communications expert M. Budyatna has joined politicians of the minority parties in attacking the government's plan to limit the number of television stations. "To set a limit is unfair," M. Budyatna, dean of the School of Social and Political Sciences at the University of Indonesia, told The Jakarta Post yesterday.

Hollywood films preferred

Hollywood films preferred JAKARTA (JP): Teenagers in urban areas prefer Hollywood television series to locally made films, Latin American soap operas or cartoons, a survey found. Rusdi Muchtar at the Indonesian Institute of Sciences questioned 300 teenagers in the cities of Medan in North Sumatra, Surabaya in East Java and Ujungpandang in South Sulawesi.

Bugiarso clinches PABA title

Bugiarso clinches PABA title JAKARTA (JP): Indonesia's Bugiarso staged a late comeback to seize the Pan Asia Boxing Association (PABA) junior featherweight crown from holder Alexander Pak of Russia with a ninth-round technical knock-out win here on Thursday night. Pak dominated the first nine of the 12 rounds scheduled for the bout, but failed to respond to the brilliant fight back from the stubborn Indonesian, who was the number one contender on the PABA list.

On racism

On racism In response to Masli Arman's response (Racism revisited, The Jakarta Post, April 23, 1996) to Arief Budiman's April 19 article in the Post, I would like to stress -- as Masli Arman did -- the right of self-determination, especially for Indonesia's indigenous population. Especially striking to me was his comparison between indigenous American Indians and Indonesia natives.

Timor car may cause cuts at Toyota's local plants

Timor car may cause cuts at Toyota's local plants JAKARTA (JP): Top Japanese auto maker Toyota Motor Corp. said in Tokyo yesterday that it is planning to cut production in Indonesia due to Jakarta's national car policy. Toyota officials in Jakarta, however, denied it by saying that the company had not cut vehicle production and had no plans to slash production in the near future.

Tambang Timah's profits up 91% in first quarter

Tambang Timah's profits up 91% in first quarter JAKARTA (JP): Publicly-listed state-owned tin mining firm PT Tambang Timah recorded a 91 percent increase in net profits to Rp 39.4 billion (US$16.8 million) in the first quarter of this year from Rp 20.6 billion in the same period of last year. The company said in a statement issued yesterday that the jump in profit was a result of increased tin prices on the international market, increased sales volume and decreasing production costs.

McRae takes narrow lead in Medan Rally

McRae takes narrow lead in Medan Rally By Robert Soelistyo PARAPAT, North Sumatra (JP): Braving the rain, a wet track and slippery roads, Scotland's Colin McRae took a narrow overnight lead after the first nine stages in the FIA World Rally Championships concluded here yesterday. After securing a narrow advantage in the first Special Stage (SS), the Scot dropped to third after the second SS but recaptured the lead after the fifth SS and never looked back.

Paul Keating to maintain lobby with Asian leaders (2)

Paul Keating to maintain lobby with Asian leaders (2) This is the second of two articles based on an exclusive interview with former Australian prime minister Paul Keating by Ratih Hardjono, the Sydney-based correspondent of the Kompas daily. Question: Do you think the current government can continue what you have built up? Answer: I hope I have been able to create a climate that makes this an imperative and that the country is advanced in this way.