Indonesian Political, Business & Finance News

Archive: 14 May 1996

48 articles found

Dubbing

Dubbing I'm glad the Armed Forces is against the idea of dubbing English programs on TV (The Jakarta Post, May 11, 1995). I realize that dubbing foreign programs into Indonesian could have a positive effect on the development of the language. However, we should not forget that Indonesia is an integral part of the world and Indonesians will need to be able to communicate in English. This is especially true in the business, information and technology sectors.

Errant teachers in Flores

Errant teachers in Flores KUPANG, East Nusa Tenggara: The regencies of East Flores and Sikka employ many teachers with behavioral problems, some of whom may soon face dismissal, Antara reported yesterday. The news agency quoted head of the local Education and Culture office I Nyoman Kusumanata as saying yesterday that around 100 teachers have been found to have committed various violations, including going absent without leave and committing adultery.

Tokyo's response to Indonesian car policy criticized

Tokyo's response to Indonesian car policy criticized JAKARTA (JP): President Soeharto's youngest son, Hutomo Mandala Putra, yesterday criticized Japan for its response to a government ruling that favors his auto company. "Why do they disagree with Indonesia's policy? Is it because we are not using Japanese technology (in the national car project)?" Hutomo said at the Indonesia Summit, an international seminar on the Indonesian economy.

Sisindosat plans expansion

Sisindosat plans expansion JAKARTA (JP): PT Sisindosat Lintasbuana, a subsidiary of PT Indosat, plans to become a multimedia content provider rather than just providing telecommunications and information technology services as it does at present. "Multimedia related to business representation, education and entertainment is expanding rapidly in Indonesia," Sisindosat's president, A.M. Suseto, said.

Fake phone cards producer nabbed

Fake phone cards producer nabbed JAKARTA (JP): Central Jakarta police have arrested a 23-year- old man believed to have produced and distributed thousands of fake phone cards. City Police Spokesman Lt. Col. Iman Haryatna said yesterday that Herdi, alias Jos, unemployed, was arrested at his house, where he had allegedly produced the counterfeit cards, in Teluk Gong on Saturday.

APEC delegates named

APEC delegates named MANILA (AFP): Twelve of the 18 APEC member economies have named representatives to a high-level panel that will advise the regional grouping on hastening trade and investment liberalization, an official statement said. Among those named to the APEC Business Advisory Council (ABAC) were Gordon Wu of Hopewell Holdings Ltd. of Hongkong and Minoru Murofushi of Japan's Itochu Corp., said Enrique Esteban, ABAC- Philippines chairman.

RI school system unable to tackle future challenges

RI school system unable to tackle future challenges JAKARTA (JP): A senior government official expressed doubts yesterday about the ability of the country's education system in preparing the nation to meet the challenges of the future. "In my opinion, the education levels and cultures of our people are still inadequate in meeting future challenges, which will be far more complex and difficult," Rahardi Ramelan, deputy chairman of the National Development Planning Board, said.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 13, 1996: Shares Close Change Trading Volume ------------------------------------------------------------ Ades Alfindo 925 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 725 0 65,000 Andayani Megah 1,475 -25 174,000 Aneka Kimia Raya 4,250 0 91,500 Anwar Sierad 2,275 -25 245,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,200 -25 639,500 Argo Pantes 2,300 0 7,500 Asahimas Flat 2,950 75 836,000 Asiana...

Aussie warships visit Ujungpandang

Aussie warships visit Ujungpandang UJUNGPANDANG, South Sulawesi: The guided missile frigates HMAS Adelaide and HMAS Canberra are currently here on a four-day goodwill and operational stopover, Antara reported yesterday. Mayor Malik B. Masry yesterday received the commanders of the two warships, Capt. Raydon W. Gates, CSM, RAN, and Commander Matt J. Tripovich, CSC, RAN respectively. Each ship have a crew of around 180 personnel.

Green consumers' organization established

Green consumers' organization established JAKARTA (JP): A new consumers organization focusing on the environment was established last month. The goal is clear: to establish a society of consumers with environmental awareness. It is called the Indonesian Green Consumers Organization or Yayasan Lembaga Konsumen Hijau Indonesia (Lemkohi). Green is the representative color of the environment, but not everybody knows that.

Praiseworthy humility

Praiseworthy humility Economic strength is an essential determinate of a nation's international influence. For example, economic strength helped make the United States an integral part of the world economy. After Japan and Germany, the next economic powerhouse is probably Southeast Asia. It seems paradoxical that countries like Indonesia are growing.

Industry's global mart role boosted

Industry's global mart role boosted JAKARTA (JP): The government is fully committed to providing support for the country's industry to play a larger role in the global market, President Soeharto said yesterday.

Argo Pantes raises loan

Argo Pantes raises loan HONG KONG (Reuter): PT Argo Pantes two-year term loan facility has been increased to US$30 million from US$25 million because of oversubscription, said the arrangers. The facility pays a margin of 200 basis points over the Singapore Interbank Offered Rate for direct lenders. Proceeds will be used to refinance existing debts. Arrangers are Sanwa Bank's Singapore Branch and Sumitomo Bank's Singapore Branch.

A more effective legislature

A more effective legislature We'd like to underscore the view expressed by Dr. Sudjati Djiwandono, a political observer of the Centre of Strategic and International Studies that "If the people's sovereignty still does not function optimally and the executive branch remains dominant, then the quality of our legislators, who are elected as a result of the 1997 general elections, cannot be hoped to be any better than those produced in past elections." We have come to the conclusion that, in order...

YLKI demands transparency in land-use policy

YLKI demands transparency in land-use policy JAKARTA (JP): Low-income earners have increasingly less access to land in the city due to the lack of transparency in land use and housing policy, said an executive of the Indonesian Consumers Foundation ((YLKI). Zumrotin K. Soesilo said yesterday the public should be able to monitor the development of land allocated for low-cost housing, which would prevent the land being sold to developers catering to higher income consumers.

Australia vows to promote trade with Indonesia

Australia vows to promote trade with Indonesia JAKARTA (JP): Australian Deputy Prime Minister/Minister for Trade Tim Fischer made it clear yesterday that his government will not change its policy toward Indonesia and will further promote bilateral trade.

Smoke screen

Smoke screen A strong correlation exists between school aged children with high levels of lead (in blood and bone marrow) and low intelligence, poor concentration skills and aggressive behavior. Anyone who travels the streets of Jakarta can see large buses virtually smothering school children with toxic black smoke at every bus stop. The long term effects of this are more than medical, they will inevitably hinder economic development.

The good and the bad of the Javanese calendar

The good and the bad of the Javanese calendar By Mochtar Buchori JAKARTA (JP): The Javanese believe there are good days and bad days for everything. There are good moments and bad moments for every event. You should pick a good day to move into a new house, and never start a journey at noon. When my parents-in-law discussed the day for my marriage a fierce debate broke out. My mother-in-law picked a certain date, which happened to coincide with the first day of Idul Fitri.

Aussie artist to hold exhibition

Aussie artist to hold exhibition JAKARTA (JP): Robert Gander, an Australian painter currently living and working in Jakarta, plans to hold a solo exhibition beginning today and lasting until May 31. The exhibition will be open to the public from 8:30 a.m. to 3:30 p.m. every day. The artist, who has previously held exhibits in Sydney, London, Amsterdam and Suva, will display 37 of his paintings.

Typhoon victims return home

Typhoon victims return home BANDAR LAMPUNG, Lampung: A total 54 families from Sumur Kucing village, Central Lampung, whose homes were demolished in a typhoon last month, have returned from their temporary accommodation, Antara reported yesterday. The provincial administration has provided Rp 14 million (US$ 6,000) for the residents to repair their houses.

Estimate of current account deficit revised upward

Estimate of current account deficit revised upward JAKARTA (JP): The Indonesian government has revised its prediction of the current account deficit for the current (1996/1997) fiscal year upward to US$8.7 billion from an earlier estimate of $6.9 billion. "After making new calculations, we must revise our estimate of the 1996/1997 current account deficit," Coordinating Minister for Economy and Finance Saleh Afiff told newsmen here yesterday after a meeting with President Soeharto.

Freeport pioneers green audit

Freeport pioneers green audit By Otto Soemarwoto JAKARTA (JP): Minister of Environment Sarwono Kusumaatmadja has recently announced the results of PT Freeport Indonesia's environmental audit conducted by Dames & Moore. This was the first time that an environmental audit was made public. An environmental audit is a new tool in environmental management, making its debut in the early 1990s, but an increasing number of businesses are already implementing it.

TV executives criticize broadcasting bill

TV executives criticize broadcasting bill JAKARTA (JP): Private television station executives said yesterday that the broadcasting bill currently being deliberated fails to anticipate long-term developments in the electronic media as the bill originally set out to do. When sharing their ideas with the ruling Golkar faction at the House of Representatives, the TV executives said the bill's drafters need to think of the long term possibilities of television.

Balinese sociocultural values at stake

Balinese sociocultural values at stake By Winarta Adisubrata JAKARTA (JP): This paper on April 26 ran an article on the rapid changes in Bali brought on by tourism. The article, based on a seminar, quoted Udayana University professor Ida Bagus Adnyana Manuaba as saying that a large portion of Bali's revenues from the tourism sector will be lost if the island's social settings and cultural traditions are forced to change.

TV today

TV today TVRI 2:30 p.m. Travel: My Country 2:35 TV Series: Kid's Song 3:05 Children Program 3:30 TV Series: Beyond Tomorrow 4:00 News: Lintasan Berita 4:05 Science: The Great Deep of Century 4:30 Culture 5:00 Regional News 5:30 English Lesson 6:05 Nusantara, the Beloved Country: Bali 6:15 Village Program 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:30 Talks: Wawasan 8:05 TV Drama 9:00 World News 9:30 Quiz: Berpacu Dalam Melody 10:30 Late News 10:40 TV Series: Harapan Nan Sirna...

A coalition for India

A coalition for India With no single party achieving a majority win in the ongoing general elections to end this month, India, the world's largest democracy, is certain to be ruled by a coalition government. India's once-revered Congress (I) Party, which suffered a humiliating defeat in the current elections, has no choice but to join hands with one-time staunch opposition, the center-left alliance of the National Front-Left Front (NF-LF).

Students hold classes in hall

Students hold classes in hall SOASIO, Maluku: Around 120 children at the Teluk Buli Wayamli transmigration site, Central Halmahera, have to hold classes in a ramshackle village hall because there's no school building, Antara reported yesterday. "The students can't learn well because there are no adequate facilities for them, and because there are not enough teachers," said Ibrahim Maneke, a Maba district school superintendent.

$64b needed for infrastructure projects

$64b needed for infrastructure projects JAKARTA (JP): Indonesia needs at least US$64 billion in new investment in the next five years to develop its infrastructure, according to Peregrine Investments Holdings Limited. The international investment bank's estimate is far higher than the $52 billion projected by the government in its current five-year development plan. Peregrine's chairman, Philip L.

Lonely hearts attend Yasco's all-night ball

Lonely hearts attend Yasco's all-night ball JAKARTA (JP): Some 200 singles attended an all-night ball held by the Scorpio Foundation (Yasco) on Saturday. About 150 women and some 50 men were among the hopefuls of meeting their partners for life. "I realize there are more women here," said Yasco chief executive H.M.S. Hasbie, "But as you know men can have four wives -- but it's better to marry just one," he said, drawing laughter from the crowd, some of them shy first-timers to a singles ball.

PDI warned of state chaos, power abuses

PDI warned of state chaos, power abuses JAKARTA (JP): Dozens of pro-democracy activists staged a noisy protest at the House of Representatives yesterday, denouncing what they called the "rising incidence of state violence" and the "widespread abuse of power". Coming in two groups, they gathered inside the House foyer, chanting slogans and singing patriotic songs with lyrics twisted into a mockery of inconsistent government policy.

SE Asian park body meet to make regional action plan

SE Asian park body meet to make regional action plan CISARUA, West Java (JP): The Commission on National Parks and Protected Areas for South East Asia (CNPPA-SEA) started a five- day meeting here yesterday aiming at developing a regional action plan for effective management of protected areas. "There are two types of regional action plans developing.

Ismail fears his party is heading for last place in poll

Ismail fears his party is heading for last place in poll JAKARTA (JP): Chairman of the Moslem-oriented United Development Party (PPP) Ismail Hasan Metareum expressed concern yesterday that his party will end up a wooden spoon in the 1997 general election. "It would be ironic if in this Moslem-majority country, the PPP, which carries the aspiration of Moslems, gets last place in the elections," he was quoted by Antara as saying in Bandar Lampung, Lampung, yesterday.

Interference in land disputes criticized

Interference in land disputes criticized JAKARTA (JP): A city council commission criticized the Central Jakarta mayor for having issued orders to demolish 40 houses in Kebon Kacang, whose owners were disputing the matter with a private company. The deputy chairman of the council's commission A for government affairs, Fatommy Ansaari, said yesterday that the mayor had gone too far with such obviously one-sided interference.

Loan for RI copper plant

Loan for RI copper plant TOKYO (AFP): Bank of Tokyo-Mitsubishi Ltd. said yesterday it would provide, along with Japanese and British banks, a loan of US$410 million for Indonesia's first copper smelting project. A spokesman said Tokyo-Mitsubishi had formed a loan syndicate with Industrial Bank of Japan Ltd., as well as Barclays Bank plc of Britain, adding that the loan period was about 12 years.

Intellectuals confused over second awakening

Intellectuals confused over second awakening JAKARTA (JP): As Indonesia prepares to celebrate national awakening day next week, philosophers and historians have questioned whether Indonesia can ever be swept by such passion again, as the government hopes it can be in the cause of development. Historian Taufik Abdullah yesterday questioned whether such a second awakening could really occur, given the conditions in society.

Pino almost certain to skip Olympic Games

Pino almost certain to skip Olympic Games JAKARTA (JP): Indonesia's middleweight boxer, Pino Bahari, is almost certain to miss the Atlanta Olympic Games in July due to a worsening spinal injury. "The injury has prevented Pino from undergoing the training program, which in turn reduces his aerobic and anaerobic abilities," Suhantoro, chief of the National Sports Council's laboratory, said.

Astra ranks 19th among most admired firms

Astra ranks 19th among most admired firms JAKARTA (JP): The rank of PT Astra International shot up but that of Garuda Indonesia fell sharply on the 1996 List of Most Admired Companies based on an annual survey conducted by the Hong Kong-based Asian Business magazine.

Two armed robberies occur within 13 hours

Two armed robberies occur within 13 hours JAKARTA (JP): Two armed robberies took place in the city within 13 hours, leaving four people injured. More than Rp 50 million in cash was stolen and at least three cars were damaged. The first robbery took place at around 9:30 p.m. on Sunday at the Hero Supermarket on Jl. Raya Kali Malang, East Jakarta and the second occurred at 11:30 a.m. yesterday in the parking lot of the Ministry of Transportation on Jl. Merdeka Barat, Central Jakarta.

Ford motor fined $20,000 for violating FIA rules

Ford motor fined $20,000 for violating FIA rules By Robert Soelistyo MEDAN, North Sumatra (JP): Victorious Ford Motor Company was fined US$20,000 for breaking FIA rules during the World Rally Championship which concluded here on Sunday. The judges of the rally organizing committee have confirmed that members of the Ford crew worked on the trunk of Carlos Sainz's car in a place meant for tire changes only, according to a decision number one signed by chairman of the stewards, Bernard Consten.

Eddy Tansil may be in Hong Kong, Oetojo says

Eddy Tansil may be in Hong Kong, Oetojo says JAKARTA (JP): Minister of Justice Oetojo Oesman said yesterday there is a great possibility that convicted businessman Eddy Tansil, for whom the authorities have launched a massive manhunt, is in Hong Kong. "I have received three telephone calls telling me that Eddy Tansil is in Hong Kong now," he told reporters, without identifying the callers.

The connection

The connection On a recent excursion to this year's computer exhibition at the Jakarta Convention Center, I became more and more confused as I talked to the Internet provider advertising their products. It wasn't only a technological misunderstanding as I am fairly well-versed in the lingo of the Internet. What was initially surprising were the claims for baud rates, for example, which have nothing to do with the reality of living in even a modest middle-class home here.

Gay hotline

Gay hotline You may know that we are a gay organization that publishes the magazine GAYa NUSANTARA and undertakes an effective HIV/AIDS prevention program. We have always held your paper in high regard in terms of your commitment to educating the public on HIV/AIDS issues as well as issues relating to vulnerable populations, including who we work with, and originate from, gay men. I read with great interest your report on April 30, 1996, on the new AIDS hotline of the Indonesian AIDS Foundation.

'No more loitering'

'No more loitering' BOGOR, West Java (JP): As many as 150 civil servants were "arrested" by a disciplinary team for loitering during working hours yesterday. "They will be handed over to their superiors in their respective offices," he said, without mentioning the punishment the violators could receive for their undisciplined behavior. Although most of the government staffers were from the Bogor area, some originated from neighboring regency Sukabumi, Chris Bay N, the team's leader, told Antara.

Thai fishermen to be deported

Thai fishermen to be deported MEDAN, North Sumatra: Belawan port officials are impatient to deport the 55 Thai fishermen arrested on February, 19 of whom are suspected of being HIV positive, but are being stumped by document problems. Antara quoted an immigration officer as saying yesterday that a number of "technical problems" are hampering the effort to send the fishermen home, including the fact that they only have "seamen's books" rather than passports.

Indonesia drafting new investment law

Indonesia drafting new investment law JAKARTA (JP): State Minister for Investment Sanyoto Sastrowardoyo said yesterday that the government is drafting a new investment law in line with the principles of the World Trade Organization (WTO). He said that the planned law will administer both domestic and foreign investment activities, which are currently regulated by two different laws.

Murder suspect avows his innocence

Murder suspect avows his innocence JAKARTA (JP): The prime suspect in the Bambu Apus murders said yesterday he would prefer to die rather than be punished for something he had not done. "I ask you God to mete out the death penalty to me in this court or seven generations of suffering for my offspring," Philipus read out at the East Jakarta district court.

Business interests may eclipse nationalism: Edi

Business interests may eclipse nationalism: Edi JAKARTA (JP): Minister of Defense and Security Edi Sudradjat warns the nation against the possibility that nationalism may become eclipsed by business interests. "With the growing importance of international relations, people might think that what's important now is not national unity and integrity, but international solidarity for the sake of economic success," he said in a seminar titled "The Nation State in the Globalization Era" here yesterday.

Over 5,000 athletes to join National Games

Over 5,000 athletes to join National Games JAKARTA (JP): A total of 5,049 athletes from the country's 27 provinces have qualified for 35 events in the National Games here from Sept. 9 to Sept. 20, the organizers say. Hindarto, official in charge of competition affairs, said yesterday that there was a 13 percent hike in participants this year compared to the previous games three years ago. "We have listed 589 more athletes than last time because we have six new sports," Hindarto said.