Indonesian Political, Business & Finance News

Archive: 24 May 1996

63 articles found

Aussie bank to form local venture

Aussie bank to form local venture SYDNEY (AFP): Commonwealth Bank of Australia Ltd. (CBA) said yesterday it had received approval in principle from Indonesia's Ministry of Finance to establish a joint-venture bank in Indonesia. Managing director David Murray said the CBA would join forces in an equal partnership with BII, Indonesia's third largest private bank. The joint venture, PT Bank BII Commonwealth, is capitalized at Rp 150 billion (US$68 million) and will be based in Jakarta.

Golkar's win certain next year: Expert

Golkar's win certain next year: Expert YOGYAKARTA (JP): With the backing of the Armed Forces (ABRI), the civil service and 250 mass organizations, Golkar will clinch a landslide victory in next year's election, a political analyst predicted yesterday. Afan Gaffar, a political scholar from Yogyakarta's Gadjah Mada University, told a seminar that Golkar will win more than 70 percent of the 425 contested seats in the House of Representatives next year.

Cikarang to host national off-road race

Cikarang to host national off-road race JAKARTA (JP): No less than 100 drivers will pit their skills against the first leg of the national off-road series in Cikarang, West Java on June 1 and June 2. Event coordinator, Pempy Soeworo, said yesterday that Indonesia's top 10 drivers have confirmed they will participate in the race which offers formidable tests on three special stages covering 12 kilometers.

Students demand dismissal of senior officials

Students demand dismissal of senior officials JAKARTA (JP): Students stepped up their demand that three senior officials be fired in connection with tycoon Eddy Tansil's recent escape from a high security prison here. Some 2,000 students took their protest to the House of Representatives, waving banners and condemning alleged collusion which made the escape possible.

Century wins PATA award

Century wins PATA award JAKARTA (JP): Century International, an international hotel chain, won the 1996 PATA Travel Mart Professionalism Award for Outstanding Seller Organization during the Travel Mart held in Pattaya, Thailand. The chain said in a statement here yesterday that the professionalism award, provided by Baxter Publishing of Canada, is based on the efficiency and professionalism of a seller organization.

Eddy Kusdaryanto's selection tournament woes

Eddy Kusdaryanto's selection tournament woes JAKARTA (JP): Davis Cup debutant Eddy Kusdaryanto has failed to recover from hepatitis and is missing the year's first national selection tournament next week, an official said yesterday. Soediharso, deputy secretary-general of the Indonesia Tennis Association, told reporters that Eddy is still resting while undergoing medical treatment. "I suggest Eddy should get over his illness first. Liver disease is not like a heart attack.

Police nab woman

Police nab woman with 'Ecstasy' pills KUALA LUMPUR (AFP): Malaysian police have detained a Singaporean after she was found to have 4,050 "Ecstasy" pills, a designer drug, strapped to her waist and under her armpits, news reports said yesterday. The 21-year-old woman was detained at the Kuala Lumpur airport on May 16 while she was waiting for her flight to Jakarta.

Jakartans are wasting time and energy

Jakartans are wasting time and energy JAKARTA (JP): Inhabitants of Jakarta waste time and energy in traffic jams, in polluted areas and just trying to get a clear telephone line. Life is expensive, people are tense, expectations are high, and the public services and infrastructure are ill-suited.

Siloam to sell shares

Siloam to sell shares HONG KONG (Reuter): Hospital company Siloam Gleneagles plans to seek a listing on the Jakarta Stock Exchange within the next six months, James Riady, deputy chairman of the Lippo Group, told Reuters. Lippo Group holds 70 percent of Siloam Gleneagles while Singapore's Parkway Holdings owns 30 percent of the company via its wholly owned subsidiary Gleneagles International. Siloam Gleneagles recently opened a US$48 million hospital in Indonesia.

Mission possible

Mission possible The small sum of Rp 60,000 will enable a poor Indonesian child to attend school for a whole year! I refer to the launching of National Foster Parents Drive from May 29, 1996. Your prompt and excellent editorial of May 22, 1996, titled Helping our children clearly underscored the importance for the public to respond to this worthy mission. Small drops can indeed make an ocean. Tell me, please, how do I send my contribution to the National Foster Parents Drive Committee?

Gus Dur blames govt for women's low political role

Gus Dur blames govt for women's low political role JAKARTA (JP): Chairman of the Nahdlatul Ulama (NU) Abdurrahman Wahid yesterday blamed the government for Indonesian women's limited role in politics. "The women's role is still insignificant," he told a seminar on women and politics. He pointed out the government determines what constitutes politics, and it has apparently decided that women's affairs are not politics.

Religious tolerance key to nationhood

Religious tolerance key to nationhood By Sayidiman Suryohadiprojo JAKARTA (JP): After the age of the enlightenment Western intellectual thinking was dominated by reason. With regard to religion many people believed strongly that there must be a separation of church and state and that there must be a strict neutrality by the state in relation to religion. The result was the establishment of what is now known as the secular state.

Poor girl's tumor removed

Poor girl's tumor removed JAKARTA (JP): A team of 12 doctors removed a tumor, which was almost as big as her head, from the back of the head of a 13-year-old girl in a six-hour operation. Lasmi, who traveled from her home in North Lampung earlier this week, is now healing in the intensive care unit of the Pondok Indah Hospital in South Jakarta, where the operation was conducted. Before and after the operation from 9 a.m.

China welcomes Taiwan's Lee but not as president

China welcomes Taiwan's Lee but not as president BEIJING (Reuter): China would welcome a visit by President Lee Teng-hui of rival Taiwan but not as president, official media yesterday quoted Chinese Vice Premier Qian Qichen as saying. But Qian, who is also foreign minister, scoffed at suggestions by the Taiwan authorities that China should learn from the island's democratic reforms and economic miracle.

Indonesia meets South Korea in Thomas semifinal today

Indonesia meets South Korea in Thomas semifinal today By Arif Suryobuwono HONG KONG (JP): South Korea may demote its best pair of Park Joo-bong and Kim Dong-moon to play the second doubles in the Thomas Cup semifinal match against Indonesia today, Indonesia's training director Iwan Setiawan speculated yesterday. "I think the South Koreans are aware of their limited chance of beating our first doubles team of Ricky Subagja and Rexy Mainaky.

Stock Exchange

Stock Exchange Stock prices on the Jakarta Stock Exchange (in rupiah) on May 23, 1996: Shares Close Change Trading Volume ----------------------------------------------------------- Ades Alfindo 950 0 0 AHAP Insurance 2,800 0 0 Alumindo Perkasa 625 0 45,000 Andayani Megah 1,375 -25 328,000 Aneka Kimia Raya 4,425 0 0 Anwar Sierad 2,350 0 112,000 Aqua Golden Mississippi 2,300 0 0 Argha Karya Prima Industry 3,225 -25 42,500 Argo Pantes 2,100 0 0 Asahimas Flat 2,800 -25 336,000 Asiana IMI...

World Bank report

World Bank report The World Bank's annual report on Indonesia's economy, which previously had always been kept confidential, was introduced last week to the mass media, only hours after copies were given to members of the Consultative Group for Indonesia, the country's consortium of creditors. That the report was made available to the public does not, however, mean that its analysis of Indonesia's economy and government policies had been toned down so as not to embarrass the government.

Lippo Securities enters retail brokering

Lippo Securities enters retail brokering By Aloysius Bhui JAKARTA (JP): PT Lippo Securities (Lippo) of the Lippo Group recently revealed to the media and stock analysts that it has launched a retail brokering service to anticipate a foreseeable growth in the number of domestic investors.

Selective-cutting ruse in RI forest managemnet

Selective-cutting ruse in RI forest managemnet JAKARTA (JP): The majority of forest concessionaires do not practice sound selective-cutting methods, but do the bare minimum as a ruse to be allowed to continue operating, Minister of Forestry Djamaludin Suryohadikusumo says. Djamaludin said yesterday that most forest concessionaires' reports to the government contain superficial claims of having conducted environmentally-sound forest management practices.

Andayani's profits fall

Andayani's profits fall JAKARTA (JP): PT Andayani Megah, a publicly listed tire cord producer, booked a net profit of Rp 11.34 billion (US$4.9 million) in the first quarter of this year, a 26 percent drop from Rp 15.34 billion in the corresponding period of 1995. The company announced yesterday that its consolidated sales from January to March rose 8 percent to Rp 49 billion over the same period of last 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.

Surjadi wants influx of illegal wood stopped

Surjadi wants influx of illegal wood stopped JAKARTA (JP): Governor Surjadi Soedirdja urged the city forestry department, the police and the port authority to work together to curb the entrance of illegal timber into the city. "The illegal harvesting and the smuggling of wood is not only causing financial losses to the administration and the country, but is also causing damage to the forests.

Susi cruises Indonesia to Uber Cup c'ship final

Susi cruises Indonesia to Uber Cup c'ship final HONG KONG (JP): Against expectations, a resolute Susi Susanti thrashed South Korea's Bang Soo-hyun 11-7, 11-0 and inspired her teammates to notch a 4-1 victory yesterday over South Korea for a place in the Uber Cup final. The 1992 Olympic champion, after so many upsets in the last 12 months, relived her glory days amidst the thunderous cheers of Indonesian supporters.

New laws needed to cut high-cost economy

New laws needed to cut high-cost economy JAKARTA (JP): Indonesia needs to enact new laws on taxes and levies imposed by local administrations and on non-tax revenue resources administered by the central government in order to reduce the high-cost components of the economy, Tax Director General Fuad Bawazier said yesterday.

Aussie PM to visit RI, Japan

Aussie PM to visit RI, Japan CANBERRA (Reuter): Australian Prime Minister John Howard was expected to make his first overseas visit as prime minister to Indonesia in August, government sources told Reuters yesterday. Howard was due to make the trip early in August, ahead of the budget planned for release on Aug. 20, the sources said, adding plans for the trip were not yet final. Howard was due to travel to Tokyo from Indonesia.

Forty-two injured as train derails

Forty-two injured as train derails BANDUNG, West Java: A passenger train derailed in Padalarang, some 160 km east of Jakarta on Wednesday night, killing one and injuring 42. The passenger train, carrying two coaches, ran between Bandung, the capital province of West Java, and Cianjur city, according to a railway officer, Djoko Martojo. It overturned around 8:35 p.m. local time, about four kilometers west of the railway station in Padalarang, hitting a house.

'Bali needs red-light districts'

'Bali needs red-light districts' DENPASAR, Bali: A travel agency entrepreneur says that Bali, with its thriving tourism industry, needs localization of red- light districts. "Bali really needs localization of prostitution," John Ketut Panca said during a seminar here entitled "Sun, Sea, Sand, Sex and Culture Tourism" at Warmadewa University yesterday. "The society and the government shouldn't be hypocritical about this," he added.

'No multi-story buildings in city meet standards'

'No multi-story buildings in city meet standards' JAKARTA (JP): Ninety-five percent of all fire victims die of smoke inhalation rather than burns, a city fire official said. Johny Pangaribuan, who is in charge of public information at the city fire department, advised people trapped in burning multi-story buildings to get down close to the floor and to crawl instead of walk because smoke tends to rise.

Human Rights Commission

Human Rights Commission I am compelled to comment on the opinion of Yassin Tasrief in your report Poor record shuts RI out of UN rights commission (Monday, May 20, 1996). He blames the government of Indonesia, in particular the Ministry of Foreign Affairs for "nominating relatively unknown figures" for membership to the United Nations Subcommission on the Prevention of Discrimination and the Protection of Minorities.

Invisible costs discourage investors

Invisible costs discourage investors By Arif Suryobuwono HONG KONG (JP): Indonesia remains an appetizing investment destination for the Hong Kong business community, but long strings of invisible costs have left a bad taste, says an official of the Indonesian Consulate General. Economic affairs consul Fadillah H.

Timor car unlikely to hit the road in September

Timor car unlikely to hit the road in September JAKARTA (JP): The production of the controversial national car is unlikely to meet the initial schedule of September this year as two automotive groups which had been asked to assemble some of the parts are not ready. Indomobil, the automotive division of the widely diversified Salim Group, said it has no idle assembly facilities for the national car.

Riot suspects to be tried

Riot suspects to be tried JAYAPURA, Irian Jaya: Police have submitted to the prosecutors' office the dossier of people being accused of involvement in the March rioting here, during which four people died, Antara reported yesterday. Chief spokesperson at the provincial police office Capt. Tri Astuti said the Jayapura District Court will try the suspects soon. She did not give a specific date.

Indonesian pair win PABFC Cup

Indonesian pair win PABFC Cup JAKARTA (JP): The Indonesian pair of Henky Lasut and Eddy Manoppo lived up to their billing as the continent's best pair when they won the Pacific Asia Bridge Federation Congress in Macau on Wednesday.

Badminton draw issued for Olympics

Badminton draw issued for Olympics HONG KONG (JP): The Atlanta Committee for the Olympic Games has listed 192 badminton players who qualified for the Games this July, Steve Kearney, the committee official in charge of badminton competition, announced here yesterday. The list referred to the world rankings issued on April 1, with Indonesia's Joko Suprianto topping the men's singles, followed by Denmark's Poul-Erik Hoyer-Larsen at second, and Hariyanto Arbi of Indonesia in third place.

First Lady's seat to remain vacant

First Lady's seat to remain vacant JAKARTA (JP): President Soeharto has decided that the position of first lady will not be filled by any of his daughters, after it became vacant following last month's death of Mrs. Tien Soeharto, Minister/State Secretary Moerdiono said yesterday. "The President truly appreciates the various views and suggestions made by members of the public about the position of the first lady. But he has made up his mind," Moerdiono said.

APEC to seek private funding for infrastructure

APEC to seek private funding for infrastructure CEBU, Philippines (Agencies): Members of the Asia-Pacific Economic Cooperation (APEC) are pushing for more private sector investment in infrastructure in the region, participants at the forum's four-day senior officials' meeting here said yesterday.

Oki, suspect in triple slaying, to stand trial

Oki, suspect in triple slaying, to stand trial JAKARTA (JP): The trial of Harnoko Dewantono, who is accused of the 1991-1992 triple murder in United States, is scheduled to begin early next month after a long delay. "We're now in the final stage of our preparations prior to the trial," a senior official at the Jakarta Provincial Prosecutors' Office, who refused to be named, told The Jakarta Post on Wednesday.

Where to go in Bali:

Where to go in Bali: Music and Entertainments * Grand Hyatt Bali, Nusa Dua: Pasar Senggol - Balinese Arts & Crafts, daily. Sunset Procession, daily. Ramayana Dance, Thursday. Legong Dance, Saturday. Arjuna Wiwaha Dance, Sunday. Rejang, Puspawresti, Belibis and Jaran Teji dances, Monday. Kecak Dance, Friday & Tuesday. Jegog Dance, Wednesday. Pesona Lounge - Live music by Philipino Guitar duo, Medi & Boy, daily. Lila Cita Fun Pub - Rakata Disc Band, Friday & Monday.

Gus Dur threatens to dissolve Ansor

Gus Dur threatens to dissolve Ansor JAKARTA (JP): Chairman of the Nahdlatul Ulama (NU) Moslem organization, Abdurrahman Wahid, threatened to dissolve NU's youth wing, Ansor, for supporting the ruling Golkar group. Abdurrahman said Ansor's maneuver goes against NU's apolitical stance. The organization dedicates itself to social and religious missions. "Ansor should quit NU if it insists on supporting Golkar," said the controversial Abdurrahman, better known as Gus Dur.

Heavy-metal Metallica: 'We don't cause trouble'

Heavy-metal Metallica: 'We don't cause trouble' By Johannes Simbolon JAKARTA (JP): Two members of the heavy-metal group Metallica -- guitarist-vocalist James Hetfield and bassist Jason Newsted -- arrived here last week to promote their new album Load, which is due to be released worldwide next month. This was their second visit, after a first in 1993.

TV today

TV today TVRI 2:30 p.m. My Country 3:05 Teenage Program: Indonesian Teenager 3:30 TV Series: Fresh Prince of Bell Air 4:05 TV Series: Emergency Call 4:30 Quiz: Cerdas Cermat 5:00 Evening News 5:30 Health Program: Lintas Kesehatan 6:00 News: Lintasan Berita 6:05 Nusantara, the Beloved Country: South Sulawesi 6:15 Village Program 6:45 Hobbies: Karya Nyata 7:00 Evening News 7:25 Garuda Pancasila/Filler/Trailer 7:30 Variety Program: Dinamika 8:00 News: Lintasan Berita 8:05 Music: Permata Nusantara...

U.S. Navy ships await wargames

U.S. Navy ships await wargames JAKARTA (JP): Three U.S. Navy warships and a tanker moored at Tanjung Priok harbor yesterday. The USS George Philip, USS Mahlon S Tisarle (frigate), USS German Town (landing ship tank) and the USS Yubon (tanker ship) are in North Jakarta in preparation for war games with the Indonesian Navy. The Naval Base II office at Tanjung Priok announced that the ships, with 1,100 personnel, are here for the Indonesian Navy's Indosa 96 exercises, Antara reported.

Prisoners escape Medan prison

Prisoners escape Medan prison MEDAN, North Sumatra: Police and justice officials will question 25 employees of Tanjung Gusta penitentiary over the recent escape of eleven inmates, Antara reported yesterday. A spokesman at the local office of the Ministry of Justice, Pardamean Siagian, said seven prisoners escaped on April 28, followed on May 17 by four others.

Asia's Mekong region seen ripe for funding flow

Asia's Mekong region seen ripe for funding flow By Robert Birsel BANGKOK (Reuter): One of Asia's largest rivers, for decades seen as a war-torn backwater, is being touted as the thread linking the region's last great investment frontiers. The Mekong river and the six countries on its banks, including some of east Asia's poorest and most isolated areas, promise untold opportunities, fund managers say.

TOP 10 ACTIVE BROKERAGE IN STOCKS TRADING VALUE

TOP 10 ACTIVE BROKERAGE IN STOCKS TRADING VALUE (in trillion) ------------------------------------------------- COMPANIES 1995 1994 ------------------------------------------------- 01. Makindo RP 5.67 RP 3.67 02.(06) Jardine Fleming RP 4.18 RP 2.33 03. HG Asia Indonesia RP 3.68 RP 2.80 04. WI Carr Indonesia RP 3.51 RP 2.68 05.

Fiscal ties blamed for local levies

Fiscal ties blamed for local levies JAKARTA (JP): Businesses will continue to be hindered by countless levies as long as the fiscal relationship between the central government and the local administrations remain arbitrary, panelists and House members said at a seminar yesterday. "The central government still holds 93 percent of the taxation capacity despite the enactment of Law No.5/1974 on local autonomy," said Birong S.

'Bemo' owners, drivers protest

'Bemo' owners, drivers protest JAKARTA (JP): Thirty-two bemo owners and drivers asked the Jakarta Legal Aid Office yesterday for help in demanding higher compensation for their vehicles which are being phased out by the municipal administration. The administration had planned to eliminate the bemo (three-wheeled motorized transit vehicles) by April this year, and to introduce another means of transportation.

BI seeks two-step loans

BI seeks two-step loans JAKARTA (JP): Bank Indonesia, the central bank, is seeking a two-step loan of US$30 million from Japan's Export Import Bank to support small-scale companies, says an official. Abdul Salam, Bank Indonesia's director for small-scale loans, said Wednesday that the two-step loan facility is being negotiated. "We hope to get the loan facility by the end of this year," he said, adding that the loan would be the sixth two-step loan to be provided by Japan's Export Import Bank.

Benhil apartment expensive: Fire victims

Benhil apartment expensive: Fire victims JAKARTA (JP): Up to yesterday, only 192 of the 360 families eligible for new homes in the Benhil II apartment complex. The Benhil II apartment complex has 614 units, 360 of which have been reserved for registered fire victims. An administrative staffer at the Bendungan Hilir subdistrict office, who asked to remain anonymous, said it was uncertain what would happen to the unclaimed units since ownership opportunities are not open to the public.

Villagers upset at 'wakaf' land sale

Villagers upset at 'wakaf' land sale TANGERANG (JP): A number of Kadu villagers in Curug subdistrict are upset at the sale of a plot of wakaf land by an influential village figure with the approval of the village head. They complained that village head allowed the sale of the Wakaf property, donated for religious or community uses or purposes, without consulting area residents.

Gadjah Tunggal's profits

Gadjah Tunggal's profits JAKARTA (JP): Gadjah Tunggal, a publicly listed tire manufacturer, booked a net profit of Rp 22.54 billion (US$9.8 million) in the first quarter of this year, indicating a 2 percent increase from Rp 21.94 billion in the same period of 1995. The company announced yesterday that its before-tax profit increased by 35 percent to Rp 45 billion in the first quarter from Rp 33 billion in the same period of 1995.

RI juniors beat Taiwan

RI juniors beat Taiwan JAKARTA (JP): Indonesia cruised to the semifinals of the World Youth Cup Asia zone tennis qualifier in Bandar Seribegawan yesterday after beating Taiwan 2-1. Indonesia was 0-1 down when first-string singles Mario Ronaldo lost 6-7, 6-0, 4-6 to Cheng Dang Chen. Then Feby Widyanto put Indonesia back on track with a 6-2, 6-4 win over Chien Min Wang in the second-string singles match.

No need to form a new political party: Soeharto

No need to form a new political party: Soeharto JAKARTA (JP): President Soeharto yesterday dismissed recent attempts to form a new political party when he said that the existing three parties are adequate. "Let's not have any more aspirations for a new party," Soeharto was quoted by Abdul Gafur, a deputy chief of the ruling Golkar, as saying.

Senen market bans 60 traders

Senen market bans 60 traders JAKARTA (JP): The Senen market authorities have temporarily banned 60 traders from selling merchandise at the market following a brawl on Wednesday. Central Jakarta Police Chief Lt. Col. Abubakar Nataprawira said that the police have questioned witnesses about the brawl between the traders and a larger group of hoodlums on Wednesday. "We are still investigating the case," Abubakar said yesterday.

Indonesia favored for investment

Indonesia favored for investment JAKARTA (JP): Executives in Australia consider Indonesia the best investment destination in Southeast Asia, revealed Asia Business News (ABN) and the Far Eastern Economic Review's Asian Executives Poll. The poll was based on 300 top executives from 10 different countries and territories in Asia. Of the executives polled in Australia, 38.5 percent favor Indonesia, followed by the Philippines (19.2 percent) and Thailand (15.4 percent).

Torajan extend protest over virginity remarks

Torajan extend protest over virginity remarks UJUNGPANDANG, South Sulawesi (JP): Thousands of people from the scenic Tana Toraja regency continued with their protest yesterday against a religious affairs official's allegation that "96 percent" of their high school students have lost their virginity to foreign tourists.

Total to double gas output

Total to double gas output SINGAPORE (Reuter): Total Indonesie, a unit of Total SA of France, plans to more than double gas production in Indonesia to 2.2 billion standard cubic feet per day (scfpd) by year 2000, its president and general manager said. Total currently produces 1.0 billion scfpd which includes 800 million scfpd from the Tunu field, which is part of the Mahakam block on Kalimantan.

Three die of dengue

Three die of dengue JAMBI, Jambi: Three people have died following a recent outbreak of dengue in 55 neighborhoods of Jambi municipality, a health official said yesterday. Antara quoted head of the local Health Ministry office Dr. Abd. Hamid Syam as saying that dengue killed four of the 75 people affected in January. Most of the victims were between the ages of five and 14, he said. A total of 12 people have died here during the January to May period, he added. (swe)

'Sex education needed after school'

'Sex education needed after school' JAKARTA (JP): Noted psychologist Sarlito Wirawan Sarwono suggested yesterday that sex education be incorporated into extra-curricular activities, if not in the curriculum itself. The professor at University of Indonesia's School of Psychology told a seminar on Acquired Immune Deficiency Syndrome (AIDS) yesterday that there are great opportunities for both the government and the community to provide teenagers with information on sex.

Murder suspect makes final plea

Murder suspect makes final plea JAKARTA (JP): Defense teams made their last attempts yesterday to convince the East Jakarta District court that suspects charged with the murder of a family last year are innocent. The teams of lawyers defending Philipus, his wife Suparmi and their son and nephews told the court that their clients did not murder the wife and children of Rohadi.

Captors planned to kill Indonesian hostages

Captors planned to kill Indonesian hostages JAKARTA (Agencies): A Dutch couple who were rescued from captivity in Irian Jaya jungles said yesterday that their captors had planned to kill all the five Indonesian hostages they held.

The Constitution and the presidency

The Constitution and the presidency The head of state has once again emphasized that in accordance with the Constitution, the election of a president is entirely in the hands of the People's Consultative Assembly (MPR), and not the incumbent president's responsibility. The President's renewed statement on the matter is of great significance at a time when speculations are being made with regard to the presidency, pending the 1997 general elections.

Moody's Investors Service may cut Polysindo Eka notes

Moody's Investors Service may cut Polysindo Eka notes NEW YORK (Reuter): Moody's Investors Service assigned a Ba3 rating to the 13 percent Guaranteed Secured Notes due 2001 of Polysindo International Finance Company B.V. (Finance) and placed under review for possible downgrade the B1 rating on the 13 percent Senior Notes due 2001 of PT Polysindo Eka Perkasa (Polysindo).